PRESENTATION TITLE Presented by: Name Surname

Transcript:PRESENTATION TITLE Presented by: Name Surname:
PRESENTATION TITLE Presented by: Name Surname Directorate Date Lepelle Northern Water Annual report for the 2014/15 financial year Presented by: CE Annual report for the 2014/15 financial year Part 1: Overview of financial performance Part 2: Overview of non-financial performance CONTENTS 2 Part 1: overview of financial performance 3 Programme expenditure trends Programme expenditure trends 4 Notes to the financial statements Overview of the audit report and action plan 5 6 Ratios Liquidity The current ratio : 2.32 Cash flow from operations . The cash and cash equivalent at the end of the year amounted to R217m Return on assets The ratio on return on assets is 20%. This illustrates the entity’s effectiveness in using its investment in assets. Debtor days in sales During the period under review, the debtor days’ analysis reflected an increase to 422 days This is due continuous non-payment by our major customer Other ratios applicable Gross Profit Margin is 53% Debt to equity is 21% Net profit margin is 16% 7 Expenditure outcome: 31 June 2015 8 Programme 1: Administration Provide reasons for under/ overspending: The over expenditure was mainly due to over expenditure on electricity and Security 9 Notes to the financial statements 10 The annual financial statements have been prepared in accordance with South African standards of Generally Accepted Accounting Practice, and the Water Services Act no. 108 of 1977 and the Public Finance Management Act no. 1 of 1999.The annual financial statements have been prepared on the historical cost basis, except for certain financial instruments at fair value, and incorporate the principal accounting policies set out below. They are presented in South African Rands. These accounting policies are consistent with the previous period Analysis of current payments 11 Unauthorised expenditure 12 0 % overspend 0 % not within purpose of vote Irregular expenditure Analysis: No Irregular expenditure reported during the 2014/15 financial year 13 Fruitless and Wasteful Expenditure 14 Reduction of Fruitless & Wasteful Expenditure 15 Measures implemented Commitment analysis 16 17 Staff debt analysis Accruals 18 Contingent liabilities and assets 19 OVERVIEW OF audit report 20 Analysis: matters relating the audit report per year 21 Trend analysis: matters relating the audit report 22 Number of findings per category per year 23 Comparative analysis: 2010/11 to 2014/15 24 Action plan 25 Trend analysis: matters relating the audit report 26 Part 2: overview of non-financial performance 27 Analysis: achievement of the strategic oriented