1. AgriSeta AFS for the year ended 31 March 2016
AGM presentation

2. Audit Opinion Auditor-General issued an Unqualified Audit Report
There were no material adjustments to the Annual financial statements
Opinion is not given on Performance Information
Conclusion on two programmes were qualified
AGM presentation 05 October 2016

3. Employers info – March 2016 20,641 (2015: 20,004) registered employers
6,183 (2015: 5,885) employers paying SDL levy - Total levies received R330,5M(2015: R292.2M)
Applications received by 30 April 2015 (for 2016):
WSP’s =1705 (2015: 1,693 )
Total amount paid towards Mandatory Grants – R53,7M (2015: R46.3M) Payout is 53%

4. Levy Growth

5. Levies Analysis
Year
Amount R’000
Percentage Growth %
2012
19.5%
2013
8.3%
2014
20.9%
2015
2016
13.1%
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6. Project Grant Expenditure March 2016
Total project spend: R180.7M (2015: R141.9M) 27.3% increase
Top 10 projects on based on commitments balances
Commitments balance
Name
R-Millions
Artisans development
R85.3M
Internship
R20.2M
Mentorship
R19.2M
UIF
R15.8M
Learnership 18.1
R15.7M
Bursaries 18.1
R13.3M
Graduate placement
R9.5M
Bursaries continuation
R8.9M
Learnership 18.2
R8.0M
R15.3M

7. Statement of Financial Performance March 2016
INCOME
2015/16
R’000
2014/15
% Movement
Levies, penalties & interest
338,981
298,378
13.6%
NSF & special projects income
10,424
14,958
(30.3%)
Investment and other income
19,557
13,277
47.2%
Total
368,962
326,613
12.9%
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8. Statement of Financial Performance March 2016
EXPENSES
2015/16 R’000
2014/15 R’000
% Movement
Employer grant
Discretionary
Transfer to NSF
Admin expenses and finance costs
53,734
180,787
39,455
46,332
141,922
85,016
15.9%
27.4%
(100%)
8.4%
NSF & Special project expenses
10,455
14,958
30.1%
Total
284,431
324,596
(12.4%)
Net Surplus/(Deficit):
88,995
2,017
43.1%

9. Statement of Financial Position March 2016
ASSETS
2015/16
R’000
2014/15
% Movement
Property Plant & Equipment
4,897
4,882
0.3%
Intangible assets
Receivables 25
26,030 39
25,370
(35.9%)
2.6%
Cash and Bank
307,513
297,889
3.2%
Total
338,465
328,180
3.1%
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10. Statement of Financial Position March 2016
EQUITY & LIABILITIES
2015/16
R’000
2014/15
% Movement
Grant and Other Reserves
259,596
170,602
52.2%
Capitalisation reserve
3,107 0%
Payable & Provisions
75,294
152,881
(50.7%)
Grants & Donor Funding
960
2,176
(55.9%)
Total
338,957
328,766
3.1%
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11. Discretionary Reserve
Allocation of Discretionary Reserves
Year
Discretionary Reserve
Contracted
2014/15
R169,3M
R162.4M
2015/16
R258.3M
R258.0M
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12. Conclusion
Questions?

13. Conclusion
Thank You