Page 73 - AR201718

THE SOUTH AFRICAN INSTITUTE FOR DRUG-FREE SPORT THE SOUTH AFRICAN INSTITUTE FOR DRUG-FREE SPORT

STATEMENT OF FINANCIAL POSITION AS AT STATEMENT OF CHANGES IN NET ASSETS FOR THE YEAR

31 MARCH 2018 ENDED 31 MARCH 2018

2018 2017
Notes R'000 R'000 Note ACCUMU- TOTAL
ASSETS LATED FUNDS
Non-current assets 866 1 017 R'000 R'000
Property, plant and equipment 3 866 1 015
Intangible assets 4 - 2 Balance at 31 March 2016 (4 302) (4 303)

Current assets 4 646 8 049 Correction of prior period error 21 25 25
Inventories 5 720 751
Trade and other receivables 6 1 283 792 Balance as at 31 March 2016 (4 278) (4 278)
Cashand cash equivalents 7 2 643 6 506
Net surplus/(deficit) for the year ( 663) ( 663)
Total assets 5 513 9 066
Balance as at 31 March 2017 (4 941) (4 941)
NET ASSETS AND LIABILITIES
Net assets Correction of prior period error 21 23 23
Reserves ( 2 662) ( 4 938)
Accumulated surplus / (deficit) ( 2 662) ( 4 938) Balance at 31 March 2017 (4 918) (4 918)

Non-Current Liabilities Net surplus/(deficit) for the year 2 257 2 257
Finance lease liabilities 8 3 4
Balance at 31 March 2018 (2 662) ( 2 662)
Current liabilities 8 172 14 000

Finance lease liabilities 8 7 6
Credit card facilities 7 89 119
Payables from exchange transactions 9 3 116 6 038
Financial liabilities 10 4 960 7 837

Total net assets and liabilities 5 513 9 066

71 | South African Institute for Drug-Free Sport South African Institute for Drug-Free Sport | 72