KwaZulu-Natal Sharks Board Maritime Centre of Excellence

Financial Information

FINANCIAL POSITION
All Financial Values: R'000	2024/25	2023/24	2022/23	2021/22	2020/21

AUDIT OUTCOME	Financially Unqualified	Financially Unqualified	Clean Audit	Clean Audit	Clean Audit

Current Assets	27 206	14 139	10 132	24 533	31 597
Non-Current Assets	81 943	90 305	89 480	77 848	74 077
Total Assets	109 149	104 444	99 612	102 381	105 674
Current Liabilities	10 978	11 977	17 105	10 438	11 445
Non-Current Liabilities	5 855	5 300	8 176	8 394	8 114
Total Liabilities	16 833	17 277	25 281	18 832	19 559
Total Net Assets	92 316	87 167	74 242	83 549	86 115

FINANCIAL PERFORMANCE
Total Revenue	127 049	116 256	112 825	109 015	108 501
Revenue from Exchange Transactions	46 456	46 393	40 859	37 993	34 925
Revenue from Non-Exchange Transactions	80 593	69 863	71 996	71 022	73 576
Total Expenditure	(118 146)	(107 050)	(124 110)	(111 251)	(106 017)
Employee Related costs	(59 694)	(51 897)	(59 033)	(55 549)	(58 037)
Surplus/(Deficit) for Year	6 509	11 005	(7 582)	(2 566)	2 189

CASH FLOW
Net Cash Flows from Operating Activities	6 637	12 524	7 537	4 779	6 161
Net Cash Flows from Investing Activities	(4 122)	(9 841)	(18 681)	(15 096)	(8 607)
Cash & Cash Equivalents at End of Year	8 757	5 962	969	13 925	24 429

UIFW EXPENDITURE
Unauthorised Expenditure	-	-	-	-	-
Irregular Expenditure	-	-	-	-	3 028
Fruitless & Wasteful Expenditure	-	-	224	-	1

HUMAN RESOURCES
Posts Approved	n/a	n/a	n/a	n/a	n/a
Posts Filled	151	160	164	164	169

SOURCE	Annual Report	Annual Report	Annual Report	Annual Report	Annual Report

Annual Reports

The information in this directory is compiled from various sources and is subject to continual change. If you notice any errors or omissions, contact us so that we may correct them.