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National Empowerment Fund (NEF)
Financial Information
| All Financial Values: R'000 | 2022/23 | 2021/22 | 2020/21 | 2019/20 | 2018/19 |
|---|---|---|---|---|---|
| AUDIT OUTCOME | Financially Unqualified | Clean Audit | Clean Audit | Clean Audit | Clean Audit |
| FINANCIAL POSITION | |||||
| Current Assets | 3 127 090 | 3 641 538 | 1 936 459 | 1 928 435 | 1 626 991 |
| Non-Current Assets | 3 156 373 | 3 681 428 | 2 641 073 | 2 181 138 | 2 837 600 |
| Total Assets | 6 283 463 | 7 322 967 | 4 577 532 | 4 109 573 | 4 464 591 |
| Current Liabilities | 1 525 076 | 2 233 520 | 707 131 | 481 014 | 255 900 |
| Non-Current Liabilities | 611 | 239 | 516 | 764 | 565 |
| Total Liabilities | 1 525 687 | 2 233 758 | 707 647 | 481 778 | 256 465 |
| Total Net Assets | 4 757 776 | 5 089 208 | 3 869 886 | 3 627 795 | 4 208 127 |
| FINANCIAL PERFORMANCE | |||||
| Total Revenue | 780 548 | 2 058 055 | 774 506 | 427 814 | 447 947 |
| 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 | (1 125 545) | (838 732) | (532 415) | (1 005 917) | (923 686) |
| Employee Related costs | (212 770) | (202 935) | (191 980) | (138 557) | (171 942) |
| Surplus/(Deficit) for Year | (344 997) | 1 219 323 | 242 091 | (578 103) | (475 739) |
| CASH FLOW | Net Cash Flows from Operating Activities | (438 995) | 1 564 646 | 143 569 | 56 252 | (271 289) | Net Cash Flows from Investing Activities | (1 457) | (3 476) | (94 433) | 336 564 | 156 478 | Cash & Cash Equivalents at End of Year | 2 589 857 | 3 029 135 | 1 472 449 | 1 423 800 | 1 023 961 |
| UIFW EXPENDITURE | |||||
| Unauthorised Expenditure | - | - | - | - | - |
| Irregular Expenditure | 221 436 | 244 504 | 188 573 | - | - |
| Fruitless & Wasteful Expenditure | - | - | - | - | - |
| HUMAN RESOURCES | |||||
| Posts Approved | n/a | n/a | n/a | n/a | n/a |
| Posts Filled | 185 | 165 | 152 | 161 | 168 |
| SOURCE | Annual Report | Annual Report | Annual Report | Annual Report | Annual Report |
| Note | Not audited by AGSA. Independent Audit Report. | Not audited by AGSA. Independent Audit Report. | Not audited by AGSA. Independent Audit Report. | Not audited by AGSA. Independent Audit Report. | 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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