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National Empowerment Fund (NEF)
Financial Information
| All Financial Values: R'000 | 2024/25 | 2023/24 | 2022/23 | 2021/22 | 2020/21 |
|---|---|---|---|---|---|
| AUDIT OUTCOME | Clean Audit | Financially Unqualified | Financially Unqualified | Clean Audit | Clean Audit |
| FINANCIAL POSITION | |||||
| Current Assets | 2 316 145 | 2 844 822 | 3 127 090 | 3 641 538 | 1 936 459 |
| Non-Current Assets | 3 455 864 | 2 810 123 | 2 916 030 | 3 681 428 | 2 641 073 |
| Total Assets | 5 772 009 | 5 654 946 | 6 043 121 | 7 322 967 | 4 577 532 |
| Current Liabilities | 1 154 103 | 1 435 944 | 1 525 076 | 2 233 520 | 707 131 |
| Non-Current Liabilities | - | 69 | 611 | 239 | 516 |
| Total Liabilities | 1 154 103 | 1 436 014 | 1 525 687 | 2 233 758 | 707 647 |
| Total Net Assets | 4 617 906 | 4 218 932 | 4 517 434 | 5 089 208 | 3 869 886 |
| FINANCIAL PERFORMANCE | |||||
| Total Revenue | 1 159 736 | 747 526 | 780 548 | 2 058 055 | 774 506 |
| 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 | (760 763) | (1 046 028) | (1 125 545) | (838 732) | (532 415) |
| Employee Related costs | (267 229) | (266 975) | (212 738) | (202 935) | (191 980) |
| Surplus/(Deficit) for Year | 398 974 | (298 502) | (344 997) | 1 219 323 | 242 091 |
| CASH FLOW | Net Cash Flows from Operating Activities | (451 828) | (343 906) | (438 995) | 1 564 646 | 143 569 | Net Cash Flows from Investing Activities | 1 901 | (2 520) | (1 457) | (3 476) | (94 433) | Cash & Cash Equivalents at End of Year | 1 795 079 | 2 244 735 | 2 589 857 | 3 029 135 | 1 472 449 |
| UIFW EXPENDITURE | |||||
| Unauthorised Expenditure | - | - | - | - | - |
| Irregular Expenditure | - | 261 658 | 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 | 183 | 182 | 185 | 165 | 152 |
| 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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