SALGA annual report 2016/17 SALGA ANNUAL REPORT 201617 PRINTED FINAL | Page 171

South African Local Government Association Schedule 3A public entity i.t.o. the Public Finance Management Act, 1999 and recognised i.t.o. the Organised Local Government Act, 1997 Annual Financial Statements for the year ended 31 March 2017 Statement of Changes in Net Assets Figures in Rand Balance at 1 April 2015 Changes in net assets Surplus for the year Total changes Balance at 1 April 2016 Changes in net assets Surplus for the year Total changes Balance at 31 March 2017 Note(s) Revaluation surplus Accumulated surplus Total net assets 2 259 566 109 241 561 111 501 127 - - 2 259 566 27 122 025 27 122 025 136 363 586 27 122 025 27 122 025 138 623 152 - - 2 259 566 12 15 024 508 15 024 508 151 388 094 15 024 508 15 024 508 153 647 660 171 SALGA ANNUAL REPORT 2016/17