Road Accident Fund (RAF)

Financial Information

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

AUDIT OUTCOME	Adverse	Adverse	Adverse	Disclaimer	Disclaimer

Current Assets	13 798 839	11 865 892	11 632 692	12 091 642	15 447 785
Non-Current Assets	351 637	327 682	245 460	222 192	215 192
Total Assets	14 150 476	12 193 574	11 878 152	12 313 834	15 662 977
Current Liabilities	41 821 271	37 557 723	35 640 392	27 648 871	31 436 893
Non-Current Liabilities	41 466	36 352	61 070	63 677	60 040
Total Liabilities	41 862 737	37 594 075	35 701 462	27 712 548	31 496 933
Total Net Assets	(27 712 261)	(25 400 501)	(23 823 310)	(15 398 714)	(15 822 956)

FINANCIAL PERFORMANCE
Total Revenue	50 753 657	49 312 342	48 757 778	48 154 678	42 248 516
Revenue from Exchange Transactions	683 160	702 077	286 244	22 790	159 924
Revenue from Non-Exchange Transactions	50 070 497	48 610 265	48 471 534	47 931 888	42 088 592
Total Expenditure	(53 074 986)	(50 902 696)	(57 186 439)	(47 726 184)	(40 465 130)
Employee Related costs	(2 468 416)	(2 436 558)	(2 248 316)	(2 072 908)	(1 941 244)
Surplus/(Deficit) for Year	(2 321 329)	(1 590 627)	(8 428 661)	428 494	1 783 386

CASH FLOW
Net Cash Flows from Operating Activities	1 392 645	301 056	(173 014)	(3 771 476)	3 346 114
Net Cash Flows from Investing Activities	(84 427)	(115 680)	(64 670)	(45 087)	(13 365)
Cash & Cash Equivalents at End of Year	2 123 461	815 243	629 867	867 641	4 684 204

UIFW EXPENDITURE
Unauthorised Expenditure	-	-	-	-	-
Irregular Expenditure	136	282	2 132	90 992	2 434
Fruitless & Wasteful Expenditure	6	39	4 128	7 114	1 231

HUMAN RESOURCES
Posts Approved	n/a	n/a	n/a	n/a	3 018
Posts Filled	2 405	2 486	2 630	n/a	2 797

SOURCE	Annual Report	Annual Report	Annual Report	n/a	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.