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Government Employees Medical Scheme (GEMS)
Financial Information
| All Financial Values: R'000 | 2021/22 | 2020/21 | 2019/20 | 2018/19 | 2017/18 |
|---|---|---|---|---|---|
| AUDIT OUTCOME | Clean Audit | Clean Audit | Clean Audit | Clean Audit | Clean Audit |
| FINANCIAL POSITION | |||||
| Current Assets | 15 064 570 | 17 122 844 | 16 332 926 | 11 103 441 | 9 698 028 |
| Non-Current Assets | 13 766 487 | 10 061 585 | 6 502 976 | 4 915 263 | 2 408 506 |
| Total Assets | 28 831 057 | 27 184 429 | 22 835 902 | 16 018 704 | 12 106 534 |
| Current Liabilities | 4 758 990 | 4 286 147 | 4 212 458 | 2 965 152 | 2 630 640 |
| Non-Current Liabilities | 1 416 | 415 | 2 791 | 3 577 | - |
| Total Liabilities | 4 760 406 | 4 286 562 | 4 215 249 | 2 968 729 | 2 630 640 |
| Total Net Assets | 24 070 651 | 22 897 867 | 18 620 653 | 13 049 975 | 9 475 894 |
| FINANCIAL PERFORMANCE | |||||
| Total Revenue | 49 804 446 | 48 416 377 | 44 936 345 | 41 245 985 | 37 940 617 |
| 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 | (48 631 662) | (44 139 163) | (39 365 666) | (37 671 903) | (33 910 999) |
| Employee Related costs | (353 334) | (303 534) | (264 858) | (228 093) | (185 861) |
| Surplus/(Deficit) for Year | 1 172 784 | 4 277 214 | 5 570 679 | 3 574 082 | 4 029 618 |
| CASH FLOW | Net Cash Flows from Operating Activities | 106 863 | 1 238 559 | 5 034 333 | 2 217 940 | 2 722 773 | Net Cash Flows from Investing Activities | 911 287 | (826 760) | (4 712 291) | (2 199 123) | (5 776 181) | Cash & Cash Equivalents at End of Year | 4 183 411 | 3 170 700 | 2 765 607 | 2 449 761 | 2 435 201 |
| 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 2022. Not audited by AGSA. Independent Audit Report. | Figures for year ended December 2021. Not audited by AGSA. Independent Audit Report. | Figures for year ended December 2020. Not audited by AGSA. Independent Audit Report. | Figures for year ended December 2019. Not audited by AGSA. Independent Audit Report. | Figures for year ended December 2018. 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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