Road Accident Fund (RAF)

Financial Information

FINANCIAL POSITION
All Financial Values: R'000	2023/24	2022/23	2021/22	2020/21	2019/20

AUDIT OUTCOME	Adverse	Adverse	Disclaimer	Disclaimer	Clean Audit

Current Assets	11 865 892	11 632 692	12 091 642	15 447 785	10 868 981
Non-Current Assets	327 685	245 460	222 192	215 192	247 612
Total Assets	12 193 577	11 878 152	12 313 834	15 662 977	11 116 593
Current Liabilities	37 557 724	35 640 392	27 648 871	31 436 893	28 683 936
Non-Current Liabilities	36 352	61 070	63 677	60 040	54 339
Total Liabilities	37 594 076	35 701 462	27 712 548	31 496 933	28 738 275
Total Net Assets	(25 400 499)	(23 823 310)	(15 398 714)	(15 822 956)	(17 621 682)

FINANCIAL PERFORMANCE
Total Revenue	49 312 342	48 757 778	48 154 678	42 248 516	41 240 480
Revenue from Exchange Transactions	702 077	286 244	22 790	159 924	62 809
Revenue from Non-Exchange Transactions	49 312 342	48 471 534	47 931 888	42 088 592	41 177 671
Total Expenditure	(50 902 967)	(57 186 439)	(47 726 184)	(40 465 130)	(47 498 770)
Employee Related costs	(2 436 558)	(2 248 316)	(2 072 908)	(1 941 244)	(1 752 737)
Surplus/(Deficit) for Year	(1 590 625)	(8 428 661)	428 494	1 783 386	(6 258 290)

CASH FLOW
Net Cash Flows from Operating Activities	301 056	(173 014)	(3 771 476)	3 346 114	467 158
Net Cash Flows from Investing Activities	(115 680)	(64 670)	(45 087)	(13 365)	(23 705)
Cash & Cash Equivalents at End of Year	815 243	629 867	867 641	4 684 204	1 351 455

UIFW EXPENDITURE
Unauthorised Expenditure	-	-	-	-	-
Irregular Expenditure	282	2 132	90 992	2 434	3 734
Fruitless & Wasteful Expenditure	39	4 128	7 114	1 231	15 353

HUMAN RESOURCES
Posts Approved	n/a	n/a	n/a	3 018	2 919
Posts Filled	2 486	2 630	n/a	2 797	2 789

SOURCE	Annual Report	Annual Report	n/a	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.