Ombud Council AR 2026

PART F: FINANCIAL INFORMATION

Notes to the Annual Financial Statements For the year ended 31 March 2026

Amounts in Rand

2026

2025

2. Cash and cash equivalents Cash and cash equivalents consist of First National Bank account for daily transactions and the Corporation for Public Deposits bank account for invesment purposes. Cash on hand 5 000 3 129 Bank balances 1 863 474 11 037 446 Short-term deposits

17 915 117 11 246 586 19 783 591 22 287 161

3. Receivables from exchange transactions Office lease deposit

149 366 61 200 210 566

149 366

Other debtors

-

149 366

4. Statutory receivables from non-exchange transactions Statutory receivable: FSCA 4 721 895

-

Statutory receivable: Levy Debtors

2 403 058 (384 965) 6 739 988

957 049 (81 058) 875 991

Less: Impairment loss

Statutory receivables Statutory receivables: FSCA consist of balances owing to the Ombud Council by the FSCA for levies that have been paid by financial institutions to the FSCA, collected on behalf of the Ombud Council as per legislation. Statutory receivables: Levy Debtors consists of balances owing to the Ombud Council by financial institutions for levies that have been invoiced by the FSCA on behalf of the Ombud Council but not yet paid to the FSCA. Reconciliation of provision for impairment for statutory receivables Opening balance 81 058 188 493 Provision utilised (9 715) (32 643) Reversal of prior year provision - (144 991) Charged to the statement of financial performance 313 622 70 199 384 965 81 058

Ombud Council 2025/26 Annual Report

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