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Government Employees Medical Scheme (GEMS)
Financial Information
| All Financial Values: R'000 | 2024/25 | 2023/24 | 2022/23 | 2021/22 | 2020/21 |
|---|---|---|---|---|---|
| AUDIT OUTCOME | Clean Audit | Clean Audit | Clean Audit | Clean Audit | Clean Audit |
| FINANCIAL POSITION | |||||
| Current Assets | 15 227 759 | 15 003 218 | 17 828 177 | 15 064 570 | 17 122 844 |
| Non-Current Assets | 8 855 769 | 10 144 766 | 10 641 424 | 13 766 487 | 10 061 585 |
| Total Assets | 24 083 528 | 25 147 984 | 28 469 601 | 28 831 057 | 27 184 429 |
| Current Liabilities | 5 347 330 | 6 865 060 | 8 943 261 | 4 758 990 | 4 286 147 |
| Non-Current Liabilities | 18 736 198 | 18 282 924 | 19 526 340 | 1 416 | 415 |
| Total Liabilities | 24 083 528 | 25 147 984 | 28 469 601 | 4 760 406 | 4 286 562 |
| Total Net Assets | - | - | - | 24 070 651 | 22 897 867 |
| FINANCIAL PERFORMANCE | |||||
| Total Revenue | 70 752 357 | 64 673 426 | 55 346 251 | 49 804 446 | 48 416 377 |
| Revenue from Exchange Transactions | n/a | n/a | n/a | n/a | n/a |
| Revenue from Non-Exchange Transactions | n/a | n/a | n/a | n/a | n/a |
| Total Expenditure | (70 752 357) | (64 673 426) | (55 346 251) | (48 631 662) | (44 139 163) |
| Employee Related costs | (570 219) | (501 627) | (423 328) | (353 334) | (303 534) |
| Surplus/(Deficit) for Year | - | - | - | 1 172 784 | 4 277 214 |
| CASH FLOW | Net Cash Flows from Operating Activities | (4 480 132) | (6 361 646) | (2 549 613) | 106 863 | 1 238 559 | Net Cash Flows from Investing Activities | 4 469 967 | 7 019 577 | 254 835 | 911 287 | (826 760) | Cash & Cash Equivalents at End of Year | 4 817 501 | 4 832 851 | 4 179 061 | 4 183 411 | 3 170 700 |
| UIFW EXPENDITURE | |||||
| Unauthorised Expenditure | - | - | - | - | - |
| Irregular Expenditure | - | - | - | - | - |
| Fruitless & Wasteful Expenditure | - | - | - | - | - |
| HUMAN RESOURCES | |||||
| Posts Approved | n/a | n/a | n/a | n/a | n/a |
| Posts Filled | n/a | n/a | n/a | n/a | n/a |
| SOURCE | Annual Report | Annual Report | Annual Report | Annual Report | Annual Report |
| Note | Figures for year ended December 2025. Not audited by AGSA. Independent Audit Report. | Figures for year ended December 2024. Not audited by AGSA. Independent Audit Report. | Figures for year ended December 2023. Not audited by AGSA. Independent Audit Report. | Figures for year ended December 2022. Not audited by AGSA. Independent Audit Report. | Figures for year ended December 2021. Not audited by AGSA. Independent Audit Report. |
The information in this directory is compiled from various sources and is subject to continual change. If you notice any errors or omissions, contact us so that we may correct them.
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