{"id":388,"date":"2023-06-27T11:44:31","date_gmt":"2023-06-27T11:44:31","guid":{"rendered":"https:\/\/annualreports.ppecb.com\/2223\/?page_id=388"},"modified":"2023-08-25T05:52:12","modified_gmt":"2023-08-25T05:52:12","slug":"statement-of-financial-performance","status":"publish","type":"page","link":"https:\/\/annualreports.ppecb.com\/2223\/part-4-annual-financial-statements\/statement-of-financial-performance\/","title":{"rendered":"Statement Of Financial Performance"},"content":{"rendered":"

[et_pb_section fb_built=”1″ custom_padding_last_edited=”on|tablet” module_id=”section_one” _builder_version=”4.21.0″ _module_preset=”default” background_color=”#FFFFFF” custom_padding=”76px||0px|||” custom_padding_tablet=”76px|20px|0px|20px|false|true” custom_padding_phone=”76px|20px|0px|20px|false|true” global_colors_info=”{}”][et_pb_row _builder_version=”4.20.4″ _module_preset=”default” width=”100%” max_width=”1280px” custom_padding=”||25px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.20.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text module_class=”breadcrumb” _builder_version=”4.22.1″ _module_preset=”default” text_text_color=”#000000″ text_font_size=”11px” global_colors_info=”{}”]<\/p>\n

>> Part 04<\/a> > Statement of Financial Performance<\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row module_class=”main-heading” _builder_version=”4.22.0″ _module_preset=”default” width=”100%” max_width=”1280px” custom_padding=”||25px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.20.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.22.1″ _module_preset=”default” text_text_color=”#00adef” text_font_size=”54px” text_line_height=”1em” custom_margin=”0px||0px||true|false” custom_padding=”0px||0px||false|false” text_font_size_tablet=”36px” text_font_size_phone=”26px” text_font_size_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n

statement of<\/p>\n

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\/\/financial performance<\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_4,3_4″ module_class=”next” _builder_version=”4.22.1″ _module_preset=”default” width=”100%” max_width=”1280px” module_alignment=”center” global_colors_info=”{}”][et_pb_column type=”1_4″ _builder_version=”4.20.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.20.4″ _module_preset=”default” text_text_color=”#00adef” link_text_color=”#00adef” link_letter_spacing=”5px” transform_translate=”-14px|0px” transform_translate_linked=”off” transform_rotate=”0deg|0deg|90deg” width=”70px” height=”10px” custom_margin=”20px||||false|false” global_colors_info=”{}” link_text_color__hover_enabled=”on|desktop” link_text_color__hover=”#000000″ link_letter_spacing__hover_enabled=”on|desktop” link_letter_spacing__hover=”10px”]<\/p>\n

>>><\/a><\/p>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”3_4″ _builder_version=”4.20.4″ _module_preset=”default” custom_padding=”||||false|false” custom_padding_tablet=”|0px|||false|false” custom_padding_phone=”|0px|||false|false” custom_padding_last_edited=”on|desktop” global_colors_info=”{}”][et_pb_text _builder_version=”4.21.0″ _module_preset=”default” text_font=”Andale Mono|700|||||||” text_text_color=”#00adef” text_font_size=”12px” text_line_height=”1.3em” text_orientation=”right” custom_margin=”||||false|false” text_orientation_tablet=”center” text_orientation_phone=”center” text_orientation_last_edited=”on|tablet” global_colors_info=”{}”]<\/p>\n

the _Perishable Products Export Control Board<\/span><\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.21.0″ _module_preset=”default” width=”100%” max_width=”1280px” module_alignment=”center” custom_padding=”||98px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.20.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text module_class=”default-subheading dark-subheading main-heading” _builder_version=”4.22.0″ _module_preset=”default” text_font=”|||on|||||” header_3_font=”|600|||||||” header_3_text_color=”#000000″ header_3_font_size=”14px” header_3_line_height=”1.2em” custom_margin=”||0px||false|false” custom_padding=”||0px||false|false” locked=”off” global_colors_info=”{}”]<\/p>\n

Statement of Financial Performance<\/h2>\n

[\/et_pb_text][et_pb_text module_class=”section-content table-suffix” _builder_version=”4.22.0″ _module_preset=”default” text_font=”Open Sans||||||||” text_text_color=”#000000″ header_2_font=”Open Sans|600|||||||” header_2_text_align=”left” header_2_text_color=”#00adef” header_2_font_size=”15px” header_2_line_height=”1.9em” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]<\/p>\n

for the year ended 31 March 2023<\/p>\n

[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow financial-table” _builder_version=”4.22.1″ _module_preset=”default” text_font=”Open Sans||||||||” text_text_color=”#000000″ header_2_font=”Open Sans|600|||||||” header_2_text_align=”left” header_2_text_color=”#00adef” header_2_font_size=”15px” header_2_line_height=”1.9em” custom_margin=”||14px|||” hover_enabled=”0″ locked=”off” global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
Figures in Rand<\/th>Note(s)<\/th>2023<\/th>2022<\/th>\n<\/tr>\n<\/thead>\n
Revenue<\/strong><\/td>13<\/td>576,799,497<\/strong><\/td>550,912,340<\/strong><\/td>\n<\/tr>\n
Other income<\/strong><\/td><\/td>19,717,998<\/strong><\/td>11,544,419<\/strong><\/td>\n<\/tr>\n
Investment interest<\/td><\/td>10,797,524<\/td>5,951,030<\/td>\n<\/tr>\n
Sundry income<\/td><\/td>4,445,446<\/td>2,694,822<\/td>\n<\/tr>\n
Transformation and development services<\/td><\/td>2,082,161<\/td>1,813,906<\/td>\n<\/tr>\n
Agri Export Technologist Programme (AETP) and internal development services<\/td><\/td>2,392,867<\/td>1,084,661<\/td>\n<\/tr>\n
<\/td><\/td>19,717,998<\/strong><\/td>11,544,419<\/strong><\/td>\n<\/tr>\n
Operating expenses<\/td><\/td><\/td><\/td>\n<\/tr>\n
Administration<\/td><\/td>(7,092,208)<\/td>(7,824,629)<\/td>\n<\/tr>\n
Auditors' remuneration<\/td>16<\/td>(655,864)<\/td>(684,145)<\/td>\n<\/tr>\n
Bad debts<\/td><\/td>(227,686)<\/td>(175,392)<\/td>\n<\/tr>\n
Board members' fees<\/td><\/td>(917,527)<\/td>(770,407)<\/td>\n<\/tr>\n
Computer expenses<\/td><\/td>(48,688,701)<\/td>(39,474,333)<\/td>\n<\/tr>\n
Consultant fees<\/td><\/td>(1,245,585)<\/td>(1,513,534)<\/td>\n<\/tr>\n
Corporate identity<\/td><\/td>(2,991,841)<\/td>(2,124,742)<\/td>\n<\/tr>\n
Courier charges - samples<\/td><\/td>(1,131,928)<\/td>(1,258,092)<\/td>\n<\/tr>\n
COVID-19 expenses<\/td><\/td>(661,660)<\/td>(2,079,549)<\/td>\n<\/tr>\n
Customer claims<\/td><\/td>883,499<\/td>(2,000,000)<\/td>\n<\/tr>\n
Depreciation<\/td><\/td>(4,056,432)<\/td>(6,271,409)<\/td>\n<\/tr>\n
Employee compensation and benefits<\/td>15<\/td>(414,116,828)<\/td>(374,483,778)<\/td>\n<\/tr>\n
Insurance<\/td><\/td>(502,392)<\/td>(468,412)<\/td>\n<\/tr>\n
Legal fees<\/td><\/td>(897,475)<\/td>(592,660)<\/td>\n<\/tr>\n
Loss on disposal of assets<\/td><\/td>(192,961)<\/td>(100,283)<\/td>\n<\/tr>\n
Meetings and workshops<\/td><\/td>(5,442,524)<\/td>(3,154,620)<\/td>\n<\/tr>\n
Office accommodation<\/td><\/td>(15,276,135)<\/td>(12,341,889)<\/td>\n<\/tr>\n
ICT Infrastructure outsourced services<\/td><\/td>(14,994,130)<\/td>(17,590,909)<\/td>\n<\/tr>\n
Subsistence and accommodation<\/td><\/td>(23,511,862)<\/td>(22,200,323)<\/td>\n<\/tr>\n
Technical equipment and labels<\/td><\/td>(13,636,429)<\/td>(11,541,026)<\/td>\n<\/tr>\n
Training<\/td><\/td>(7,416,290)<\/td>(5,668,222)<\/td>\n<\/tr>\n
Transformation and corporate social investment<\/td><\/td>(2,943,862)<\/td>(516,770)<\/td>\n<\/tr>\n
Travel - local and overseas<\/td><\/td>(18,335,760)<\/td>(14,182,519)<\/td>\n<\/tr>\n
Total operating expenses<\/strong><\/td><\/td>(584,052,581)<\/strong><\/td>(527,017,643)<\/strong><\/td>\n<\/tr>\n
<\/td><\/td><\/td><\/td>\n<\/tr>\n
Operating surplus<\/strong><\/td><\/td>12,464,914<\/strong><\/td>35,439,116<\/strong><\/td>\n<\/tr>\n
Finance costs<\/td><\/td>(294)<\/td>(793)<\/td>\n<\/tr>\n
Surplus for the year<\/strong><\/td><\/td>12,464,620<\/strong><\/td>35,438,323<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

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\/\/quick Links<\/p>\n

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Forewords<\/h3>\n

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Governance & Administrative Information<\/span><\/h3>\n

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Departmental Reports<\/span><\/h3>\n

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Annual Financial Statements<\/span><\/h3>\n

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Strategic Plan<\/span><\/h3>\n

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Organisational Performance Report<\/span><\/h3>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"

>> Part 04 > Statement of Financial Performancestatement of\/\/financial performance>>>the _Perishable Products Export Control BoardStatement of Financial Performancefor the year ended 31 March 2023\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
Figures in Rand<\/th>Note(s)<\/th>2023<\/th>2022<\/th>\n<\/tr>\n<\/thead>\n
Revenue<\/strong><\/td>13<\/td>576,799,497<\/strong><\/td>550,912,340<\/strong><\/td>\n<\/tr>\n
Other income<\/strong><\/td><\/td>19,717,998<\/strong><\/td>11,544,419<\/strong><\/td>\n<\/tr>\n
Investment interest<\/td><\/td>10,797,524<\/td>5,951,030<\/td>\n<\/tr>\n
Sundry income<\/td><\/td>4,445,446<\/td>2,694,822<\/td>\n<\/tr>\n
Transformation and development services<\/td><\/td>2,082,161<\/td>1,813,906<\/td>\n<\/tr>\n
Agri Export Technologist Programme (AETP) and internal development services<\/td><\/td>2,392,867<\/td>1,084,661<\/td>\n<\/tr>\n
<\/td><\/td>19,717,998<\/strong><\/td>11,544,419<\/strong><\/td>\n<\/tr>\n
Operating expenses<\/td><\/td><\/td><\/td>\n<\/tr>\n
Administration<\/td><\/td>(7,092,208)<\/td>(7,824,629)<\/td>\n<\/tr>\n
Auditors' remuneration<\/td>16<\/td>(655,864)<\/td>(684,145)<\/td>\n<\/tr>\n
Bad debts<\/td><\/td>(227,686)<\/td>(175,392)<\/td>\n<\/tr>\n
Board members' fees<\/td><\/td>(917,527)<\/td>(770,407)<\/td>\n<\/tr>\n
Computer expenses<\/td><\/td>(48,688,701)<\/td>(39,474,333)<\/td>\n<\/tr>\n
Consultant fees<\/td><\/td>(1,245,585)<\/td>(1,513,534)<\/td>\n<\/tr>\n
Corporate identity<\/td><\/td>(2,991,841)<\/td>(2,124,742)<\/td>\n<\/tr>\n
Courier charges - samples<\/td><\/td>(1,131,928)<\/td>(1,258,092)<\/td>\n<\/tr>\n
COVID-19 expenses<\/td><\/td>(661,660)<\/td>(2,079,549)<\/td>\n<\/tr>\n
Customer claims<\/td><\/td>883,499<\/td>(2,000,000)<\/td>\n<\/tr>\n
Depreciation<\/td><\/td>(4,056,432)<\/td>(6,271,409)<\/td>\n<\/tr>\n
Employee compensation and benefits<\/td>15<\/td>(414,116,828)<\/td>(374,483,778)<\/td>\n<\/tr>\n
Insurance<\/td><\/td>(502,392)<\/td>(468,412)<\/td>\n<\/tr>\n
Legal fees<\/td><\/td>(897,475)<\/td>(592,660)<\/td>\n<\/tr>\n
Loss on disposal of assets<\/td><\/td>(192,961)<\/td>(100,283)<\/td>\n<\/tr>\n
Meetings and workshops<\/td><\/td>(5,442,524)<\/td>(3,154,620)<\/td>\n<\/tr>\n
Office accommodation<\/td><\/td>(15,276,135)<\/td>(12,341,889)<\/td>\n<\/tr>\n
ICT Infrastructure outsourced services<\/td><\/td>(14,994,130)<\/td>(17,590,909)<\/td>\n<\/tr>\n
Subsistence and accommodation<\/td><\/td>(23,511,862)<\/td>(22,200,323)<\/td>\n<\/tr>\n
Technical equipment and labels<\/td><\/td>(13,636,429)<\/td>(11,541,026)<\/td>\n<\/tr>\n
Training<\/td><\/td>(7,416,290)<\/td>(5,668,222)<\/td>\n<\/tr>\n
Transformation and corporate social investment<\/td><\/td>(2,943,862)<\/td>(516,770)<\/td>\n<\/tr>\n
Travel - local and overseas<\/td><\/td>(18,335,760)<\/td>(14,182,519)<\/td>\n<\/tr>\n
Total operating expenses<\/strong><\/td><\/td>(584,052,581)<\/strong><\/td>(527,017,643)<\/strong><\/td>\n<\/tr>\n
<\/td><\/td><\/td><\/td>\n<\/tr>\n
Operating surplus<\/strong><\/td><\/td>12,464,914<\/strong><\/td>35,439,116<\/strong><\/td>\n<\/tr>\n
Finance costs<\/td><\/td>(294)<\/td>(793)<\/td>\n<\/tr>\n
Surplus for the year<\/strong><\/td><\/td>12,464,620<\/strong><\/td>35,438,323<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\/\/quick LinksForewordsGovernance & Administrative InformationDepartmental ReportsAnnual Financial StatementsStrategic PlanOrganisational Performance Report<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":376,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"class_list":["post-388","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/annualreports.ppecb.com\/2223\/wp-json\/wp\/v2\/pages\/388","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/annualreports.ppecb.com\/2223\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/annualreports.ppecb.com\/2223\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/annualreports.ppecb.com\/2223\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/annualreports.ppecb.com\/2223\/wp-json\/wp\/v2\/comments?post=388"}],"version-history":[{"count":11,"href":"https:\/\/annualreports.ppecb.com\/2223\/wp-json\/wp\/v2\/pages\/388\/revisions"}],"predecessor-version":[{"id":2783,"href":"https:\/\/annualreports.ppecb.com\/2223\/wp-json\/wp\/v2\/pages\/388\/revisions\/2783"}],"up":[{"embeddable":true,"href":"https:\/\/annualreports.ppecb.com\/2223\/wp-json\/wp\/v2\/pages\/376"}],"wp:attachment":[{"href":"https:\/\/annualreports.ppecb.com\/2223\/wp-json\/wp\/v2\/media?parent=388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}