2. Overview Focus: prepare for repositioning Shareholder direction
Highly dynamic market environment
Review strategic thrust
New mandate
Redefined: target market, study programme,
student source, build capacity

3. Overview (cont.) Concentration, bring NEMISA to a state of
readiness for 2007 academic year
New content hub
New study programme launched February
2007
Fulltime student body 153
11 fulltime and 8 part-time trainers

4. The Main Challenge
To prepare for and establish a new NEMISA that would offer a fully integrated study programme and content generating facility that addresses the needs of the fast developing and ever changing ICT sector

5. Meeting the Challenge Develop the new study programme to include:
A 12 – month National Certificate in Radio
Production
An 18 month National Certificate in TV
A 3 – year Diploma in Animation
A 12 – month Foundation Course in Graphic
Design for Multimedia
A 12 – month Learnership in Broadcast
Engineering
A 12 – month Pilot Academy in
Telecommunications

6. Meeting the Challenge (cont.)
Accordingly:
Do course development – new curricula;
teaching and learning materials
Re-develop resource centre
Appoint new fulltime trainers and find part-
time supporting team
Upgrade the technology
Establish accreditation
Develop quality management system
Plan human resources and effective
organisational structure

7. Performance Against Predetermined Objectives:
Achievements
Governance:
Re-launch of NEMISA – July 2006
EXCO

8. Performance Against Predetermined Objectives:
Achievements
Management: Training & Development
Course Development –
Development of new study programmes for
2007 (incl. curriculum; teaching & learning
materials)
Acquired 3 year animation curriculum from
Algonquin College of Applied Arts and
Technology (Canada)
Established Industry and Curriculum Advisory
Bodies

9. Performance Against Predetermined Objectives:
Achievements
Management: Training and Development:
Course Development -
Training programmes for people with
disabilities
10 week animation Master Class with
Algonquin
Training animation producers with APTI &
produced short films
Final run of the Creative Multimedia
programme with MMU
Training SABC staff on the fundamentals of
High Definition Television

10. Performance Against Predetermined Objectives:
Achievements
Accreditation:
Compilation of documents for 2007
academic year submission in support of
registration with the Department of
Education; accreditation with the Council
on Higher Education; recognition by
MAPPP and ISETT SETAs

11. Performance Against Predetermined Objectives:
Achievements
Quality Assurance:
Review & development of processes and
systems
Development of the Quality Management
System (QMS)

12. Performance Against Predetermined Objectives:
Achievements
Capacity Building: Human & Physical
Appointment of Senior Management Team
Learning Support Technologies

13. Performance Against Predetermined Objectives:
Achievements
Student Affairs
Development of programmes and services
that support training excellence

14. Performance Against Predetermined Objectives:
Achievements
Content Development
Digital content development strategy
Solicit commissioning on content
development

15. Abridged Auditors Report
Opinion of the Auditor General:
In my opinion, the financial statements present fairly, in all material respects. The financial position of NEMISA as at 31 March 2007 and its financial performance and cash flows for the year then ended, in accordance with the basis of accounting determined by the National Treasury of South Africa, as set out in note 1.1 to the financial statements, and in the manner required by the PFMA.
Other Matters :
Impairment exercise was not carried out.
Intangible Assets: Classified under computer equipment instead of the above.

16. Statement of Financial Position for the Annual Financial Year End ended March 2007
Note March 2007 March 2006
R R
Assets
Non Current Assets
Property, Plant, Equipment
Intangible Assets
Current Assets
Trade and Other Receivables
Staff Loans
Cash and Cash Equivalents
Total Assets ___________ ____________
___________ ___________
Net Assets and Liabilities
Accumulated Surplus
Long Term Liabilities
Current Liabilites
Unspent conditional project funds
Trade and other Payables
Provisions 9 ___
Total Net Assets and Liabilities
___________ _________

17. Statement of Financial Performance for the Annual Financial Year March 2007
NOTE March March 2006
R R
Income
Government Grants
Other Income
Interest Received
Total Income
Expenditure 12/15 ( ) ( )
Current Year
Correction of Fundamental Error
(Deficit) Surplus for the year ______________________
( )
______________________
( )
( )
( )

18. Statement of Changes in Net Assets for the Annual Financial Year End ended March 2007
Note Accumalated Total
Income(deficit)
R R
Balance as at 31 March
Correction of fundamental Error 15 ( ) ( )
__________ ____________
Reinstated as at 1 April
Net Surplus for year as previously Stated
Correction of fundamental Error
___________ ___________
Restated Balance as at March
Net (Deficit) for the year ( ) ( )
___________ __________
Balance as at 31 March
___________ _________

19. Notes to the Annual Financial Statements
CORRECTION OF FUNDAMENTAL ERRORS – PRIOR YEARS
March 2006 Pre-March Total R R R
Equipment Hire
( ) ( )
Depreciation ( ) ( )
Operating lease property rent ( )
Finance costs
Correction of fundamental error relating to lease agreements not disclosed as finance leases.
Operating lease expenses were not correctly straight-lined in terms of IAS17/AC105. Prior year depreciation was incorrectly calculated, and adjusted in line with a change in accounting estimate.

20. Staff Establishment : Specialised Skills Executive Management
Specialised Skills
Executive Management
Basic Skills
Management
Senior Management
Support
Operational