OMBUD COUNCIL ANNUAL REPORT 2024/25

PART F: FINANCIAL INFORMATION

STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 31 MARCH 2025

Amounts in Rand

Note(s)

2025

2024

REVENUE Levies

11

26,528,367

24,114,146

Government grant

11

-

8,000,000

Interest received

11

1,030,364

69,705

Other income

11

74,792

4,973

27,633,523

32,188,824

EXPENSES Employee costs

12 (10,718,037)

(7,042,466)

Consumer education and awareness

(5,836,254)

(1,289,327)

Auditors remuneration

13

(1,159,714)

-

Board and committee remuneration

14

(511,382)

(327,364)

Impairment loss

-

(188,493)

Professional and consulting fees

(1,418,906)

(264,161)

Operating lease expense

(769,394)

(144,781)

Other operating expenses

15

(2,706,067)

(554,090)

Depreciation

6

(122,660)

(57,959)

(23,242,414)

(9,868,641)

Operating surplus

4,391,109

22,320,183

Finance costs

(5,259)

(2,624)

Surplus for the year

4,385,850

22,317,559

73

OMBUD COUNCIL ANNUAL REPORT 2024/25