Road Accident Fund (RAF)

Financial Information

FINANCIAL POSITION
All Financial Values: R'000	2022/23	2021/22	2020/21	2019/20	2018/19

AUDIT OUTCOME	Adverse	Disclaimer	Disclaimer	Clean Audit	Financially Unqualified

Current Assets	11 632 692	12 091 642	15 447 785	10 868 981	10 947 337
Non-Current Assets	245 460	222 192	215 192	247 612	272 431
Total Assets	11 878 152	12 313 834	15 662 977	11 116 593	11 219 768
Current Liabilities	35 640 392	27 648 871	31 436 893	28 683 936	41 980 675
Non-Current Liabilities	61 070	63 677	60 040	54 339	231 353 823
Total Liabilities	35 701 462	27 712 548	31 496 933	28 738 275	273 334 498
Total Net Assets	(23 823 310)	(15 398 714)	(15 822 956)	(17 621 682)	(262 114 730)

FINANCIAL PERFORMANCE
Total Revenue	48 757 779	48 154 678	42 248 516	41 240 480	43 239 323
Revenue from Exchange Transactions	286 244	22 790	159 924	62 809	100 553
Revenue from Non-Exchange Transactions	48 471 534	47 931 888	42 088 592	41 177 671	43 138 770
Total Expenditure	(57 186 439)	(47 726 184)	(40 465 130)	(47 498 770)	(99 019 203)
Employee Related costs	(2 248 316)	(2 072 908)	(1 941 244)	(1 752 737)	(1 735 302)
Surplus/(Deficit) for Year	(8 428 661)	428 494	1 783 386	(6 258 290)	(55 779 880)

CASH FLOW
Net Cash Flows from Operating Activities	(173 014)	(3 771 476)	3 346 114	467 158	(584 634)
Net Cash Flows from Investing Activities	(64 670)	(45 087)	(13 365)	(23 705)	(74 553)
Cash & Cash Equivalents at End of Year	629 867	867 641	4 684 204	1 351 455	908 002

UIFW EXPENDITURE
Unauthorised Expenditure	-	-	-	-	-
Irregular Expenditure	2 132	90 992	2 434	3 734	651
Fruitless & Wasteful Expenditure	4 128	7 114	1 231	15 353	18 214

HUMAN RESOURCES
Posts Approved	n/a	n/a	3 018	2 919	2 914
Posts Filled	2 630	n/a	2 797	2 789	2 776

SOURCE	Annual Report	n/a	Annual Report	Annual Report	Annual Report
Note

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.