AgriSeta AFS for the year ended 31 March 2017 AGM presentation October 2017

Audit Opinion Auditor-General issued an Unqualified Audit Report Financial Statements are not materially misstated Opinion is not given on Performance Information Material adjustments to commitments and performance bonuses were processed in the current year.

Employers info – March 2017 19 561 (2016: 18 865) registered employers 6,560 (2016:6249) employers paying SDL levy - Total levies received R299,6M (2016: R275.2M) Applications received by 30 April 2016 (for 2015): WSP’s =1,753 (2016: 1,715 ) Total amount paid towards Mandatory Grants – R53,3M (2016: R53,7M)

Levy Growth

Levies Analysis Year Amount R’000 Percentage Growth % 2012 206 026 19.52% 2013 223 180 8.32% 2014 269 932 20.95% 2015 275 280 8.25% 2016 299 613 8.84%

Project Grant Expenditure March 2017 Total project spend: R289M (2016: R234M) 23% increase Top 10 projects on based on commitments balances Commitments balance Name R-Millions Artisans development R66.6M Internships R25.1M Learnerships 18.1 R19.7M Learnerships 18.2 R14.9M Bursaries continuation R13.8M Bursaries 18.2 R13.4M Graduate placements R9.8M Bursaries 18.1 R8.6M Skills program 18.2 R8.4M Recognision of prior learning(RPL) R6.1M

Statement of Financial Performance March 2017 INCOME 2016/17 R’000 2015/16 % Movement Levies, penalties & interest 351,056 338,981 3.56% NSF & special projects income 778 10,455 92.46% Investment and other income 22,287 18,440 20.86% Total 375,831 373,426 0.64%

Statement of Financial Performance March 2017 EXPENSES 2016/17 R’000 2015/16 R’000 % Move Employer grant Discretionary Admin expenses Employee cost 53,364 236,434 28,831 15,354 53,734 180,787 25,376 12,625 (0.66%) 30.78% 13.62% 17.77% Government grants and project expenditure 778 9,189 (91.53%) Total expenditure 336,153 284,431 18.18% Net Surplus 39,678 88,995 (55.42%)

Statement of Financial Position March 2017 ASSETS 2016/17 R’000 2015/16 % Move Property Plant & Equipment 6,045 4,922 22.82% Trade and other receivables Cash and Bank Total 10,306 380,354 397,140 26,030 307,513 338,957 60.40% 23.69% 17.17%

Statement of Financial Position March 2017 EQUITY & LIABILITIES 2016/17 R’000 2015/16 % Move Discretionary grant reserve 296,919 258,318 14.94% Capitalization reserve 3,107 0% Payable & Provisions 93,134 75,294 23.69% Grants & Donor Funding 1,625 960 (69.27%) Total equity and liabilities 302,381 262,703 15.10%

Discretionary Reserve Allocation of Discretionary Reserves Year Discretionary Reserve Contracted 2016/17 R296.9M R228,6M 2015/16 R258.3M R258.0M % Movement 14.94% (11.4%)

Conclusion Questions?

Conclusion Thank You