OMBUD COUNCIL ANNUAL REPORT 2024/25

PART F: FINANCIAL INFORMATION

STATEMENT OF CHANGES IN NET ASSETS FOR THE YEAR ENDED 31 MARCH 2025

Accumulated surplus / deficit

Total net assets

Amounts in Rand

Balance at 01 April 2023

11,448,717

11,448,717

Surplus for the year

22,317,559

22,317,559

Transfer to National Treasury

(11,736,767)

(11,736,767)

Total changes

10,580,792

10,580,792

Balance at 01 April 2024

22,029,509

22,029,509

Surplus for the year

4,385,850

4,385,850

Transfer to National Treasury

(8,000,000)

(8,000,000)

Total changes

(3,614,150)

(3,614,150)

Balance at 31 March 2025

18,415,359

18,415,359

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OMBUD COUNCIL ANNUAL REPORT 2024/25