Finance Report Quarter ending 30 September /2016 Financial Year 1

Table of contents Financial Performance Financial Position Financial Management system Audit Action Plans Budgetary Review & Recommendations Reports 2

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Overview – Income and Expenditure 3 months Q2 Total income was R17, 4 million of which – – Transfers from NT were R16, 9 million – Donor, Interest & other – R 521, 122) Total Expenditure amounted to R17, 9 million Deficit for the quarter was R463, 000 Cumulative to 30 Sept 2015 Total income for half year R34, 5 million of which – – Transfers were R34 million – Donor Income was R351, 240 (SABC) – Interest and other sundry receipts were R336, 295 Total expenditure came to R34, 7 million Year to date deficit of R193, 000 was recorded 4

Year to 30 Sept 2015 total expenditure Analysis 5 Key drivers: COE (72% of total expenditure. However over 60% 0f CEO is directed for the main service delivery programme Advertising & Promotions – TV slots & Branding of vehicles and offices accounts for variance Professional Services – Legal, Consulting and Audit fees The Municipal Services increase and scale of billing higher than budgeted mainly due to high electricity tariffs

Expenditure per programme 6

SO1 – Enabling legislative environment For SO1: Expenditure to 30 September 2015 represented 43% of the annual budget. Targets achieved consistent with APP. Efficiency gains noted in line with cost containment initiatives under- taken. 7

SO2 – Protect and promote gender equality rights For SO2: Expenditure to 30 September 2015 represented 41% of the annual budget. Targets achieved consistent with APP. Efficiency gains noted in line with cost containment initiatives under-taken. 8

SO3 – Monitor international instruments For SO3: Expenditure to 30 September 2015 represented 40% of the annual budget. Main contributor to spending is COE at R4.8 million. Officials time collecting data and drafting of reports – AGDI, CEDAW, e.t.c Most resources will be disbursed during the 4 th quarter of the financial year 9

SO4 – Effective, efficient administration 10 For SO4: Expenditure to 30 September 2015 represented 65% of the annual budget. Targets achieved consistent with APP. Higher spending rate: – Financial management due to regularity audit fees – Information Technology due to the investment project – Communications due to branding expenditure which has been reprioritised in this period

Key notes on financial performance All income due and receivable was recorded at R34, 5 million Overall cumulative spending incurred at R34, 7 million Therefore total was spending is within budget mainly due to efficiency gains resulting from the cost cutting measures implemented in terms of the spending plan/APP For the 6 months period, COE was R24, 9 million against R23, 6 million budget. 5% overrun (R1,2 m) and 72% of the total spend Increase in leave provision accounts for COE variance by and large (R710, 000) of R1, 2 m referred above It is foreseen that the Commission will spend within the appropriated budget by the end of the 2015/2016 financial year. 11

12 Measure Cash ratio 89%84% Current ratio 89%115% Solvency 131%135% Fleet & IT equipment purchase accounts for increase in PPE and corresponding decrease in current assets – cash) Creditors balances and payment days decreasing also negatively impacting on liquidity Net asset position still favourable. Equity available following an unconditional grant by National Treasury to utilise the accumulated surplus

Financial management systems Achievements ICT systems improvements – Main infrastructure – Accounting systems upgraded Continuous improvements in the internal control environment Resolved most of audit issues from 2014/2015 period Challenges Anticipated budget and cash-flow management pressures due to budgetary reductions. A few accommodation related issues. However, NDPW is actively assisting Pending regularisation of expenditure by National Treasury 13

Audit action plans…..An overview Matter of emphasis by AGSA for the 2014/2015 opinion– Resolved : A once off material payment made to SA Revenue Services in relation to past non-compliance Internal control weaknesses ( Issues fully resolved) – Human Resources Management – Information Technology – Procurement and Payments of service providers – Financial Statements Non-compliance with laws and regulations (All specific findings attended to and systems set up to sustain compliance, including consequence management) – Preferential procurement (PPPFA, PFMA) – Treasury Regulations Performance information – Consistency and usefulness of information- Continuous improvements effected 14

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