2. Calculation of the 2011/12 Income available for Discretionary grants and special projects for FPM SETA 20011/12 projected levy income as per Fieta, PPP AND CTFL SETA CTFLFIETA PPP (54% of Mappp levies)TOTAL 2011/12 Levy Income 63,221,400 73,410,388 100,203,143 236,834,931 Investment income 2,189,418 1,787,260 5,791,521 9,768,199 NSF - - SDL interest & penalties 493,716 515,000 783,540 1,792,256 Other Income 65,904,534 75,712,649 106,778,203 248,395,386 % increase for 2011/123%1%6%4% 2010/11 budgeted levy income 61,380,351 73,040,61794308840 228,729,808 MANDATORY GRANT PAYOUT 200910CTFLFIETAPPP 79%69%76%

3. TOTAL INCOME FPM SETA 2011/122012/132013/14 4%3% Levy Income 236,834,931 245,477,865 254,008,475 Investment income 9,768,199 8,000,000 7,000,000 NSF - -0 SDL interest & penalties 1,792,256 1,859,230 1,925,617 Other Income - Total estimated Income 2011/12 248,395,386 255,337,095 262,934,092 Less Administration expenses (10% OF LEVY INCOME) -29,604,366 -30,684,733 - 31,751,059 Less Administration expenses exceeding 10% OF LEVY INCOME -1,689,736 Less Mandatory grant expenses (40% OF TOTAL sdl) -88,376,231 -92,054,199.50 - 95,253,178.03 Less Pivotal grant -(10% of SDL) -29,604,366 -30,684,733 - 31,751,059 Total 99,120,686 101,913,430 104,178,795

4. TOTAL INCOME & EXPENSE FP & M SETA Statement of Financial performance Year ending 31 March 2011 Draft budget % increase4%3% 2011/122012/132013/14 Levy Income 236,834,931 245,477,865 254,008,475 Administration levy income 29,604,366 30,684,733 31,751,059 Mandatory grant Income 118,417,465 122,738,933 127,004,237 Discretionary & pivotal grant income grant income 88,813,099 92,054,200 95,253,178 Investment income 9,768,199 8,000,000.00 7,000,000.00 SDL interest & penalties 1,792,256 1,859,230.04 1,925,617.08 Other Income - - - Total Revenue 248,395,386 255,337,095 262,934,092 Less Expenses 244,745,386 251,783,153 261,376,902 Mandatory grant expenses 88,376,231 92,054,200 95,253,178 Pivotal grants 29,604,366 30,684,733 31,751,059 Discretionary, projects expenses 95,470,686 102,445,340 104,803,897 Administration expenses 31,294,103 26,598,880 29,568,768 Surplus / (deficit) 3,650,000 3,553,942 1,557,189 Administration expenses as a % of total levy income11%9%

5. NET ASSETS & LIABILITIES FP&M SETA Statement of Financial position As at 31 March 2012 2011/122012/132013/14 Assets Fixed assets 3,310,000 2,749,039.17 2,101,982.25 Intangible assets 240,000 269,050.00 291,005.00 bank 7,464,685 7,771,183 8,037,765 Total assets 11,014,685 10,789,272 10,430,752 Liabilities Trade & Other Payables non exchange transactions 7,364,686 7,671,183 7,937,765 Total liabilities 7,364,686 7,671,183 7,937,765 Net Assets 3,650,000 3,118,089 2,492,987 Administration reserve 3,550,000 3,018,089 2,392,987 Employer grant reserve 100,000 Discretionary reserves - - - Net Reserves 3,650,000 3,118,089 2,492,987