OMBUD COUNCIL ANNUAL REPORT 2024/25

PART F: FINANCIAL INFORMATION

STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 31 MARCH 2025

Amounts in Rand

Note(s)

2025

2024

ASSETS CURRENT ASSETS Cash and cash equivalents

2

22,287,161

20,070,738

Receivables from exchange transactions

3

149,366

-

Statutory receivables from non-exchange transactions

4

875,991

3,311,142

Prepayments

5

391,546

23,581

23,704,064

23,405,461

NON-CURRENT ASSETS Property, plant and equipment

6

243,148

196,054

Total Assets

23,947,212

23,601,515

LIABILITIES CURRENT LIABILITIES Payables from exchange transactions

7

3,284,475

737,526

Provisions

8

807,614

715,000

Levies received in advance

-

80,640

Finance lease obligation

9

22,957

14,694

Other liability

10

1,406,264

-

5,521,310

1,547,860

NON-CURRENT LIABILITIES Finance lease obligation

9

10,541

24,145

Total Liabilities

5,531,851

1,572,005

Net Assets

18,415,361

22,029,509

Accumulated surplus

18,415,359

22,029,509

Total Net Assets

18,415,359

22,029,509

72

OMBUD COUNCIL ANNUAL REPORT 2024/25