Performing Arts Centre of the Free State (PACOFS)

Financial Information

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

AUDIT OUTCOME	Financially Unqualified	Financially Unqualified	Financially Unqualified	Financially Unqualified	Qualified

Current Assets	108 392	124 831	116 920	104 732	100 706
Non-Current Assets	34 400	11 543	9 732	45 794	47 637
Total Assets	142 792	136 374	126 652	150 526	148 343
Current Liabilities	104 657	107 959	102 123	90 607	89 432
Non-Current Liabilities	3 633	4 393	6 183	7 492	6 770
Total Liabilities	108 290	112 352	108 305	98 099	89 432
Total Net Assets	34 502	24 022	18 347	52 427	52 141

FINANCIAL PERFORMANCE
Total Revenue	72 287	56 127	53 248	51 378	52 441
Revenue from Exchange Transactions	3 689	3 020	1 960	1 207	3 692
Revenue from Non-Exchange Transactions	68 598	53 107	51 288	50 171	48 749
Total Expenditure	(69 005)	(50 211)	(52 562)	(50 607)	(49 004)
Employee Related costs	(38 547)	(24 743)	(26 354)	(29 410)	(27 343)
Surplus/(Deficit) for Year	3 510	5 777	(34 184)	341	3 437

CASH FLOW
Net Cash Flows from Operating Activities	(11 864)	10 070	11 870	5 139	38 596
Net Cash Flows from Investing Activities	(16 279)	(3 299)	(419)	(179)	(212)
Cash & Cash Equivalents at End of Year	93 612	121 854	115 000	103 549	98 589

UIFW EXPENDITURE
Unauthorised Expenditure	-	-	-	-	-
Irregular Expenditure	4 520	-	3 823	1 712	387
Fruitless & Wasteful Expenditure	22	2	11	109	524

HUMAN RESOURCES
Posts Approved	66	62	62	61	62
Posts Filled	61	62	62	61	30

SOURCE	Annual Report	Annual Report	Annual Report	Annual Report	Annual 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.