SFM Report_21.9.2021

WESSA SFM REPORT

EDUCATION CENTRE ANALYSIS

EDUCATION CENTRE ANALYSIS YTD 26 AUG 2021

UMG

BUSH PIGS

EDUCATION CENTRE TOTALS

Actual R'000

Budget

Var

Actual

Budget

Var

Actual R'000

Budget

Var

R'000

R'000

R'000 R'000 R'000

R'000

R'000

Revenue

1,529,212 1,220,056

2,471,939 1,323,479 1,148,460

-

942,727 103,423 839,304

70,435

1,025,000 501,900 -

954,565 -

1,599,647 1,291,069

3,496,939 1,825,379 - 1,671,560

1,897,292 - 3,116,448 - 1,362,982 -

Less Cost of sales

-

-

71,013 -

430,887

-

Gross Profit

309,156

-

-

578

523,100

523,678 -

308,578

Gross margin

20%

46%

-1%

51%

19%

48%

Less Operating Costs

- -

965,229 656,073

-

710,037 438,423

-

255,192

81,607 - 82,185 -

478,305 -

396,698

- -

1,046,836

1,188,342 -

141,506

EBITDA

1,094,496 -

44,795

126,980 -

738,258

483,218

1,221,476 -

EBITDA margin

-43%

18%

-117%

4%

-46%

14%

Depreciation

- -

112,533 768,606

-

-

112,533

10,428 - 92,613 -

-

17,375 27,420

6,947

- -

122,961 861,219

-

17,375 465,843

105,586 - 1,327,062 -

EBIT

438,423 122,758 315,665

1,207,029 -

120,033 -

Tax

-

-

122,758 -

Net Profit/(Loss)

-

768,606

1,207,029 -

92,613 -

27,420

120,033 -

-

861,219

465,843

1,327,062 -

MEMBERSHIP RESULTS

QUARTER 1 - REGIONS ACTUAL

April 2021 to June 2021

EC

KZN Lowveld NAR

WC

AWE

TOTAL

Income

4 201

216 374

- - -

127 634

- - -

32 869

381 078

Expenses

( 696)

(207 109)

(166 533)

(63 910) (31 041)

(438 248)

Surplus/(Deficit)

3 505

9 265

(38 899)

(57 170)

QUARTER 1 - BRANCHES ACTUAL

April 2021 to June 2021

Southern KZN/Lower SC

Hottentots Holland

Algoa

Grahamtown Durban

Midlands Kingsburgh

Sani

Umhlanga

Knysna

TOTAL

Income

- - -

- - -

6 063

- - -

- - -

470

5 710

- - -

- - -

- - -

12 243

Expenses

(6 675)

( 300)

(22 371) (16 661)

(29 346) (17 103)

Surplus/(Deficit)

( 612)

170

CONCLUSION

As the organisation undergoes a strategic review, we continue working towards ensuring relevance and adaptability. Areas of concern have been identified and actions are being put in place to monitor these areas. We maintain a steady focus on expense control and income generation to ensure effective performance.