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
Accounting Policies
1.25 New Standards and interpretations
Standards and interpretations issued, but not yet effective
The entity has not adopted the following Standards and interpretations, which have been published issued but not yet effective:
Standard / Interpretation: GRAP 20: Related parties
GRAP 32: Service concession arrangements: grantor GRAP 34: Separate financial statements GRAP 35: Consolidated financial statements
GRAP 36: Investments in associates and joint venture GRAP 37: Joint arrangements
GRAP 38: Disclosure of interest in other entities GRAP 108: Statutory receivables
GRAP 109: accounting by principals and Agents GRAP 110: Living and non-living resources
Effective date: Years beginning on or after Expected impact:
No effective date has been determined by the Minister of Finance
No effective date has been determined by the Minister of Finance
No effective date has been determined by the Minister of Finance
No effective date has been determined by the Minister of Finance
No effective date has been determined by the Minister of Finance
No effective date has been determined by the Minister of Finance
No effective date has been determined by the Minister of Finance
No effective date has been determined by the Minister of Finance
No effective date has been determined by the Minister of Finance
No effective date has been determined by the Minister of Finance
No impact expected since SALGA is already implementing IPSAS 20 in line with Directive 5 of the ASB No impact expected since it is unlikely to be applicable to SALGA in view of its operations No impact expected since it is unlikely to be applicable to SALGA in view of its operations No impact expected since it is unlikely to be applicable to SALGA in view of its operations No impact expected since it is unlikely to be applicable to SALGA in view of its operations
No impact expected since it is unlikely to be applicable to SALGA in view of its operations No impact expected since it is unlikely to be applicable to SALGA in view of its operations No impact since SALGA does not have any statutory receivables
No impact expected since it is unlikely to be applicable to SALGA in view of its operations No impact expected since it is unlikely to be applicable to SALGA in view of its operations
193 SALGA ANNUAL REPORT 2016 / 17