National Consumer Tribunal Annual Report 2011/12 National Consumer Tribunal 2011-12 | Page 105

NOTES TO THE ANNUAL FINANCIAL STATEMENTS for the year ended 31 March 2011
31 March 2011 R
Restated 31 March 2010 R
29 Budget Information Reconciliation of budget surplus with the surplus in the statement of financial performance
Net surplus /( deficit) per the statement of financial performance
1 970 137
( 19 298)
Adjusted for: Finance costs on discounting
46 713
Surplus / deficit on sale of assets
39 321
4 745
Depreciation
429 699
521 069
Amortisation
96 957
71 131
Deferred income recognised
-
( 350 000)
Finance costs on lease
12 578
16 274
Finance lease payments
( 60 480)
( 73 864)
Capital assets purchased
( 904 496)
( 684 770)
1 630 429
( 514 713)
Net Variances against budget
( 1 630 429)
514 713
Income variances against budget
2 223 540 2 856 624
- Income from exchange transactions
122 300
( 25 503)
- Deferred income
( 117 000)
-
- Interest received
( 84 322)
210 267
- Utilisation of surpluses
2 302 562
2 671 860
Expenditure variances against budget
( 3 853 969)
( 2 341 911)
Compensation of employees
( 1 074 334)
5 983
Operating costs
( 1 182 050)
600 001
Audit fees
( 176 602)
163 920
Administration expenses
( 950 722)
( 2 376 367)
Capital expenditure
( 470 261)
( 735 448)
--
Annual Report 2011 national consumer tribunal | page 103