Page 87 - AR201718

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

NOTES TO THE FINANCIAL STATEMENTS (continued) NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2018 2018 2017

R'000 R'000
9. PAYABLES FROM EXCHANGE TRANSACTIONS
2018 2017 Payables 2 070 5 527
R'000 R'000 Accruals 1 046 511
Provision for doubtful debts 3 116 6 038
Carrying amount at beginning of year 279 - 10. FINANCIAL LIABILITIES
Prior year write offs (132) - Unspent conditional grants
Provision raised in the current year 184 279 Balance unspent at the beginning of the year 7 837 4 013
Prior year provision reversed - - Current year receipts - 5 000
Carrying amount at end of year 331 279 Conditions met and transferred to revenue (2 877) ( 1 176)
Conditions still to be met at the end of the year 4 960 7 837
7. CASH AND CASH EQUIVALENTS
Bank and cash balances 2 643 6 506 Conditional grant
Credit card balances ( 89) ( 119) Lot ery income subject to restrictions as per funding approval - 5 000

8. FINANCE LEASE LIABILITIES 11. DIRECTORS AND AUDIT COMMITTEE REMUNERATION
The following amounts were paid or credited to the directors during the year.
Non-current Salary Bonus Allowances Employer
Chief Executive Officer
Finance lease liabilities 3 4 R'000 R'000 R'000 Contributions
R'000
Current 1 146 - 58 94
Finance lease liabilities 7 6 Mr. K Galant (CEO) 1 299 1 186
Total borrowings 10 10
Non-Executive Directors

Non-current liabilities 3 4 Number of Honoraria Subsistence

meetings at ended
& Reimbursements
Current liabilities 7 6 Board Other R'000 R'000
10 10
Judge L Mpati
**(appointed as Chairperson with effect from 01 December 2017) 4 1 - 20 20 15
Gross finance lease liabilities – minimum lease payments: Dr. JH Adams -
(term as Acting Chairperson ended on 30 November 2017,
27
2
16
2
No later than 1 year 8 7 re-appointed as board member from 01 December 2017) 4 6 26 11 35 49
9
Dr. MTD Qobose
22
Later than 1 year but no later than 5 years 3 4 4 9 - -
-
-
Later than 5 years Mr. G Abrahams * 2 1 11 - 11 9
Mr. DN Bayever
11 11
Future finance charges on finance leases (1) (1) Ms. N Du Toit - 2 1 9 6 15 15
(term as board member ended on 30 November 2017)
Present value of finance lease liabilities 10 10 Dr. L Skaal 3 0 12 17 29 17
Mr. M Tyamzashe -
(term as board member ended on 30 November 2017) 2 1 6 0 6 16
The present value of finance lease liabilities is as follows: Dr. P Zondi*** - 0 1 0 0 - -
(appointed as board member on 01 December 2017)
Mr. M Quinn -
No later than 1 year 7 6 (appointed as board member on 01 December 2017) 2 - 6 0 6 -
Later than 1 year but no later than 5 years 3 4 Dr. SI Manjra - 2 - 6 0 6 -
Later than 5 years - - (appointed as board member on 01 December 2017)
Dr. MC Peenze -
10 10 (appointed as board member on 01 December 2017) 2 1 6 0 6
162 142
Total directors remuneration 1 461 1 328
These finance lease agreements relate to cellphone contracts. * this member serves on a pro bono basis
** no remuneration paid as employed in the public sector
***this member was on maternity leave when the board meetings occurreed af er new board members were elected
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