National Arts Council (NAC)

Financial Information

FINANCIAL POSITION
All Financial Values: R'000	2024/25	2023/24	2022/23	2021/22	2020/21

AUDIT OUTCOME	Financially Unqualified	Financially Unqualified	Financially Unqualified	Financially Unqualified	Financially Unqualified

Current Assets	104 133	121 896	134 963	71 002	298 659
Non-Current Assets	22 319	25 003	23 480	18 131	13 582
Total Assets	126 451	146 899	158 443	89 132	312 241
Current Liabilities	93 715	123 191	150 309	82 137	294 091
Non-Current Liabilities	-	-	-	-	-
Total Liabilities	93 715	123 191	150 309	82 317	294 091
Total Net Assets	32 737	23 708	8 134	6 995	18 149

FINANCIAL PERFORMANCE
Total Revenue	277 968	335 243	312 411	192 498	436 798
Revenue from Exchange Transactions	6 548	8 047	4 136	4 251	3 374
Revenue from Non-Exchange Transactions	271 420	327 196	308 275	188 247	433 425
Total Expenditure	(267 038)	(321 345)	(315 964)	(208 795)	(439 596)
Employee Related costs	(26 632)	(23 814)	(25 501)	(25 661)	(20 987)
Surplus/(Deficit) for Year	10 929	13 899	(3 615)	(16 297)	(2 799)

CASH FLOW
Net Cash Flows from Operating Activities	(16 485)	(12 699)	66 001	(227 024)	233 248
Net Cash Flows from Investing Activities	(1 349)	(1 581)	(1 987)	(106)	(337)
Cash & Cash Equivalents at End of Year	102 500	120 335	134 615	70 601	297 731

UIFW EXPENDITURE
Unauthorised Expenditure	-	-	-	-	-
Irregular Expenditure	-	2 112	3 574	20 919	4 637
Fruitless & Wasteful Expenditure	-	-	279	430	1

HUMAN RESOURCES
Posts Approved	47	34	40	34	34
Posts Filled	45	28	39	28	27

SOURCE	Annual Report	Annual Report	Annual Report	Annual Report	Annual 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.