Accounting Standards Board (ASB)

Contact Details

Physical: International Business Gateway, Building A, Ground Floor, Cnr New & 6th Roads, Midridge Office Estate, Midrand
Postal: PO Box 74129, Lynnwood Ridge, 0040
Tel: 011 697 0660
Fax: 011 697 0666


The mission of the Accounting Standards Board is to serve the public interest by setting standards of Generally Recognised Accounting Practice (GRAP) and providing guidance for financial and other performance information reported by the public sector.

The Board has the following responsibilities: determine the work programme and approve the appointment of members of project groups; approve the standards to be issued as standards of GRAP for the preparation of annual financial statements of all spheres of government; prepare and publish directives, interpretations and guidelines concerning the standards of GRAP; recommend to the Minister of Finance effective dates for the implementation of these standards by different categories of institutions to which these standards apply; perform any other function incidental to advancing financial reporting in the public sector; and issue and publish recommended practices on its own authority, if satisfied as to need, usefulness and practicality, following a process of consultation with stakeholders.

Office Bearers/Management

Ms T Coetzer
Chief Executive Officer
Ms E Swart

Ms T Coetzer
Deputy Chairperson:
Board Members:
Mr B Colyvas
Mr M Kunene
Ms I Lubbe
Mr K Makwetu
Mr J Nair
Mr V Ndzimande
Ms N Ranchod
Ms R Rasikhinya
Ms C Wurayayi
Chief Executive Officer:
Ms Erna Swart
Chief Financial Officer:
Senior Management:
Ms J Poggiolini (Technical Director)
Communications Officers:
Ms Julianne Knowt (Administrator and PA: CEO)

Financial Information

All Financial Values: R'0002015/162014/152013/142012/13
AUDIT OUTCOMEClean AuditClean AuditClean AuditClean Audit
Current Assets4979982 8351 918
Non-Current Assets184198282207
Total Assets6811 1963 1172 124
Current Liabilities5579982 7591 918
Non-Current Liabilities----
Total Liabilities5579982 7591 918
Total Net Assets124198358206
Total Revenue11 60511 83210 1709 239
Revenue from Exchange Transactions331333219143
Revenue from Non-Exchange Transactions11 27411 5009 9519 096
Total Expenditure(1 679)(11 992)(10 019)(9 265)
Employee Costs(8 838)(7 650)(6 675)(6 275)
Surplus/(Deficit) for Year(75)(160)151(26)
Net Cash Flows from Operating Activities(594)(2 011)938766
Net Cash Flows from Investing Activities128183(21)(40)
Cash & Cash Equivalents at End of Year4419082 7361 819
Unauthorised Expenditure----
Irregular Expenditure----
Fruitless & Wasteful Expenditure----
Posts Approved778n/a
Posts Filled777n/a
SourcesAnnual ReportAnnual ReportAnnual ReportAnnual Report
NoteNot 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.

Overseeing Department/Entity

Annual Reports

The information in this directory is supplied and/or externally sourced and is also subject to continual change. If you notice any errors or omissions, please contact us at so that we can correct them.
Maqhilika Timber Pty (Ltd)
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