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

2. 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.

3. 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)

4. Levy Growth

5. Levies Analysis
Year
Amount R’000
Percentage Growth %
2012
19.52%
2013
8.32%
2014
20.95%
2015
8.25%
2016
8.84%

6. 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

7. 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%

8. 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%)

9. 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%

10. 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%

11. 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%)

12. Conclusion
Questions?

13. Conclusion
Thank You