{"id":398,"date":"2023-06-27T11:45:53","date_gmt":"2023-06-27T11:45:53","guid":{"rendered":"https:\/\/annualreports.ppecb.com\/2223\/?page_id=398"},"modified":"2023-08-25T06:33:29","modified_gmt":"2023-08-25T06:33:29","slug":"notes-to-the-annual-financial-statements","status":"publish","type":"page","link":"https:\/\/annualreports.ppecb.com\/2223\/part-4-annual-financial-statements\/notes-to-the-annual-financial-statements\/","title":{"rendered":"Notes To The Annual Financial Statements"},"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> > Notes to the Annual Financial Statements<\/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

notes to the<\/p>\n

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\/\/annual financial statements<\/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=”4.22.1″ _module_preset=”default” width=”100%” max_width=”1280px” custom_padding=”||0px|||” locked=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.22.0″ _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||0px||false|false” custom_padding=”||0px||false|false” locked=”off” global_colors_info=”{}”]<\/p>\n

Notes to the Annual Financial Statements<\/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=”default-subheading” _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=”||-1px|||” locked=”off” global_colors_info=”{}”]<\/p>\n

2. New standards and interpretations<\/h2>\n

[\/et_pb_text][et_pb_text module_class=”default-subheading dark-secondary-heading” _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=”||-1px|||” locked=”off” global_colors_info=”{}”]<\/p>\n

2.1 Standards and interpretations effective and adopted in the current year<\/p>\n<\/h4>\n

[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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=”{}”]There are no standards and interpretations that have been adopted in the current financial year, that are effective for the current financial year and that are relevant to the entity\u2019s operations.[\/et_pb_text][et_pb_text module_class=”default-subheading dark-secondary-heading” _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=”||-1px|||” locked=”off” global_colors_info=”{}”]<\/p>\n

2.2 Standards and interpretations issued, but not yet effective<\/h4>\n

[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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=”{}”]The entity has not applied the following standards and interpretations, which have been published and are mandatory for the entity\u2019s accounting periods beginning on or after 1 April 2023 or later periods:[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]\n\n\n\n\t\n\n\t\n\t\n\t\n\t
Standard\/Interpretation:<\/th>Effective date:<\/th>Expected impact:<\/th>\n<\/tr>\n<\/thead>\n
GRAP 25 (as revised): Employee Benefits<\/td>1 April 2023<\/td>Unlikely there will be a material impact<\/td>\n<\/tr>\n
GRAP 104 (as revised): Financial Instruments<\/td>1 April 2023<\/td>Unlikely there will be a material impact<\/td>\n<\/tr>\n
iGRAP 21: The Effect of Past Decisions on Materiality<\/td>1 April 2023<\/td>Unlikely there will be a material impact<\/td>\n<\/tr>\n
GRAP 1 (amended): Presentation of Financial Statements<\/td>1 April 2023<\/td>Unlikely there will be a material impact<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n[\/et_pb_text][et_pb_text module_class=”default-subheading” _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=”||-1px|||” locked=”off” global_colors_info=”{}”]<\/p>\n

3. Trade and other receivables<\/h2>\n

[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]<\/p>\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t
Figures in Rand<\/th>2023<\/th>2022<\/th>\n<\/tr>\n<\/thead>\n
Trade debtors<\/td>54,338,588<\/td>75,337,432<\/td>\n<\/tr>\n
Sundry debtors<\/td>17,917,813<\/td>748,176<\/td>\n<\/tr>\n
Provision for impairment of receivables<\/td>(227,686)<\/td>(46,549)<\/td>\n<\/tr>\n
<\/td>72,028,715<\/td>76,039,059<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]<\/p>\n

Trade and other receivables past due but not impaired<\/strong>
Trade and other receivables which are past due are not considered to be impaired. At 31 March 2023, R87,145 (2022: R441,391) were past due but not impaired. These relate to a number of independent customers to whom there is no recent history to default. The ageing of amounts past due but not impaired is as follows:<\/p>\n

[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]\n\n\n\n\t\n\n\t\n\t
Figures in Rand<\/th>2023<\/th>2022<\/th>\n<\/tr>\n<\/thead>\n
More than 60 days after statement<\/td>87,145<\/td>441,391<\/td>\n<\/tr>\n
<\/td>87,145<\/td>441,391<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]Trade and other receivables impaired <\/strong>
\nAs of 31 March 2023, trade and other receivables of R227,686 (2022: R46,549) were impaired. The individually impaired receivables mainly relate to producers and exporters, who are in unexpectedly difficult economic situations. The ageing of these receivables is as follows:[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]\n\n\n\n\t\n\n\t\n\t\n\t\n\t
Figures in Rand<\/th>2023<\/th>2022<\/th>\n<\/tr>\n<\/thead>\n
Two to six months<\/td>91,126<\/td>46,235<\/td>\n<\/tr>\n
Six to twelve months<\/td>126,210<\/td>314<\/td>\n<\/tr>\n
More than 12 months<\/td>10,350<\/td>-<\/td>\n<\/tr>\n
<\/td>227,686<\/td>46,549<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]Reconciliation of provision for impairment of trade and other receivables <\/strong>[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t
Figures in Rand<\/th>2023<\/th>2022<\/th>\n<\/tr>\n<\/thead>\n
Opening balance<\/td>46,549<\/td>30,467<\/td>\n<\/tr>\n
Provision for impairment<\/td>227,686<\/td>46,549<\/td>\n<\/tr>\n
Amounts written off as uncollectible<\/td>(13,127)<\/td>(17,780)<\/td>\n<\/tr>\n
Reversal of debtors previously impaired<\/td>(33,422)<\/td>(12,687)<\/td>\n<\/tr>\n
<\/td>227,686<\/td>46,549<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n[\/et_pb_text][et_pb_text module_class=”default-subheading” _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=”||-1px|||” locked=”off” global_colors_info=”{}”]<\/p>\n

4. Investments<\/h2>\n

[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]\n\n\n\n\t\n\n\t\n\t\n\t\n\t
Figures in Rand<\/th>2023<\/th>2022<\/th>\n<\/tr>\n<\/thead>\n
Absa Group Limited<\/td>-<\/td>24,697,196<\/td>\n<\/tr>\n
Nedbank Group Limited<\/td>-<\/td>39,728,612<\/td>\n<\/tr>\n
Standard Bank Group<\/td>-<\/td>45,938,917<\/td>\n<\/tr>\n
<\/td>-<\/td>110,364,725<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]Investments comprise of short-term money market securities of six (6) months or more, but do not exceed twelve (12) months. Per National Treasury\u2019s Instruction surplus cash funds must be transferred to the South African Reserve Bank\u2019s Corporation of Public Deposits.[\/et_pb_text][et_pb_text module_class=”default-subheading” _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=”||-1px|||” locked=”off” global_colors_info=”{}”]<\/p>\n

5. Cash and cash equivalents<\/h2>\n

[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]<\/p>\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t
Figures in Rand<\/th>2023<\/th>2022<\/th>\n<\/tr>\n<\/thead>\n
Cash and cash equivalents consist of:<\/td><\/td><\/td>\n<\/tr>\n
Cash on hand<\/td>2,889<\/td>2,120<\/td>\n<\/tr>\n
Bank balances<\/td>130,697,371<\/td>10,622,305<\/td>\n<\/tr>\n
Short-term deposits<\/td>21,814,111<\/td>28,718,793<\/td>\n<\/tr>\n
<\/td>152,514,371<\/td>39,343,218<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]The effective interest rate is between 5.10% and 7.75%. A Standard Bank guarantee was issued to Branvest Close Corporation, in terms of the Montague Garden\u2019s office rental agreement amounting to R112,020 (2022: R112,020).[\/et_pb_text][et_pb_text module_class=”default-subheading” _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=”||-1px|||” locked=”off” global_colors_info=”{}”]<\/p>\n

6. Property, plant and equipment<\/h2>\n

[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t
Figures in Rand<\/th>Cost\/Valuation<\/th>Accumulated depreciation<\/th>Carrying value<\/th>Cost\/Valuation<\/th>Accumulated depreciation<\/th>Carrying value<\/th>\n<\/tr>\n<\/thead>\n
Computer equipment<\/td>26,385,080<\/td>(15,462,922)<\/td>10,922,158<\/td>23,232,065<\/td>(11,509,968)<\/td>11,722,097<\/td>\n<\/tr>\n
Furniture and fixtures<\/td>5,507,160<\/td>(2,019,886)<\/td>3,487,274<\/td>5,998,664<\/td>(3,364,543)<\/td>2,634,121<\/td>\n<\/tr>\n
Land and buildings<\/td>23,970,000<\/td>(806,493)<\/td>23,163,507<\/td>23,970,000<\/td>-<\/td>23,970,000<\/td>\n<\/tr>\n
Motor vehicles<\/td>374,271<\/td>(98,421)<\/td>275,850<\/td>374,271<\/td>(7,646)<\/td>366,625<\/td>\n<\/tr>\n
Technical equipment<\/td>19,681,751<\/td>(8,428,721)<\/td>11,253,030<\/td>18,704,573<\/td>(11,280,175)<\/td>7,424,398<\/td>\n<\/tr>\n
Total<\/td>75,918,262<\/td>(26,816,443)<\/td>49,101,819<\/td>72,279,573<\/td>(26,162,332)<\/td>46,117,241<\/td>\n<\/tr>\n
<\/td><\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]Reconciliation of property, plant and equipment – 2023
\n<\/strong>[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t
Figures in Rand<\/th>Opening balance<\/th>Additions<\/th>Disposals<\/th>Other movements<\/th>Depreciation<\/th>Total<\/th>\n<\/tr>\n<\/thead>\n
Computer equipment<\/td>11,722,097<\/td>6,018,538<\/td>(535,178)<\/td>-<\/td>(6,283,299)<\/td>10,922,158<\/td>\n<\/tr>\n
Furniture and fixtures<\/td>2,634,121<\/td>222,027<\/td>(154,378)<\/td>97,911<\/td>687,593<\/td>3,487,274<\/td>\n<\/tr>\n
Land and buildings<\/td>23,970,000<\/td>-<\/td>-<\/td>-<\/td>(806,493)<\/td>23,163,507<\/td>\n<\/tr>\n
Motor vehicles<\/td>366,625<\/td>-<\/td>-<\/td>104,420<\/td>(195,195)<\/td>275,850<\/td>\n<\/tr>\n
Technical equipment<\/td>7,424,398<\/td>1,276,469<\/td>(5,377)<\/td>16,578<\/td>2,540,962<\/td>11,253,030<\/td>\n<\/tr>\n
<\/td>46,117,241<\/td>7,517,034<\/td>(694,933)<\/td>218,909<\/td>(4,056,432)<\/td>49,101,819<\/td>\n<\/tr>\n
<\/td><\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]<\/p>\n

Reconciliation of property, plant and equipment – 2022
<\/strong><\/p>\n

[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]<\/p>\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t
Figures in Rand<\/th>Opening balance<\/th>Additions<\/th>Disposals<\/th>Revaluations<\/th>Depreciation<\/th>Total<\/th>\n<\/tr>\n<\/thead>\n
Computer equipment<\/td>11,683,967<\/td>5,096,693<\/td>(97,673)<\/td>-<\/td>(4,960,890)<\/td>11,722,097<\/td>\n<\/tr>\n
Furniture and fixtures<\/td>3,110,076<\/td>122,585<\/td>(1,842)<\/td>-<\/td>(596,698)<\/td>2,634,121<\/td>\n<\/tr>\n
Land and buildings<\/td>23,257,042<\/td>-<\/td>-<\/td>712,958<\/td>-<\/td>23,970,000<\/td>\n<\/tr>\n
Motor vehicles<\/td>371,123<\/td>-<\/td>-<\/td>-<\/td>(4,498)<\/td>366,625<\/td>\n<\/tr>\n
Technical equipment<\/td>371,123<\/td>2,006,086<\/td>(768)<\/td>-<\/td>(709,323)<\/td>7,424,398<\/td>\n<\/tr>\n
<\/td>44,550,611<\/td>7,225,364<\/td>(100,283)<\/td>712,958<\/td>(6,271,409)<\/td>46,117,241<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]Revaluations <\/strong>
\nCape Town – Erf 19927, Parow with office building thereon: the property was revalued by DJB Hoffman, an independent registered valuer as at 1 March 2022. Valuations were made in accordance with the investment approach method using the basis of recent market transactions, rentals of similar properties in the area and an insurance valuation of the property. <\/p>\n

Durban – Portion 1 of Erf 1736, Wentworth with office building thereon: the property was revalued by Roper Associates, an independent registered valuer as at 2 February 2022. Valuations were made in accordance with the investment approach method using the basis of recent market transactions, rentals of similar properties in the area and an insurance valuation of the property.[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]<\/p>\n

Reconciliation of property, plant and equipment – 2022
<\/strong><\/p>\n

[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t
Figures in Rand<\/th>2023<\/th>2022<\/th>\n<\/tr>\n<\/thead>\n
Repairs and maintenance computer equipment<\/td>17,206<\/td>36,137<\/td>\n<\/tr>\n
Repairs and maintenance building<\/td>1,166,822<\/td>1,196,967<\/td>\n<\/tr>\n
Repairs and maintenance vehicles<\/td>30,760<\/td>23,026<\/td>\n<\/tr>\n
Repairs and maintenance office equipment<\/td>425,959<\/td>20,819<\/td>\n<\/tr>\n
<\/td>1,640,747<\/td>1,276,949<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n[\/et_pb_text][et_pb_text module_class=”default-subheading” _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=”||-1px|||” locked=”off” global_colors_info=”{}”]<\/p>\n

7. Operating lease liability<\/h2>\n

[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]<\/p>\n\n\n\n\n\t\n\n\t
Figures in Rand<\/th>2023<\/th>2022<\/th>\n<\/tr>\n<\/thead>\n
Operating lease liability<\/td>(591,732)<\/td>(607,083)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

[\/et_pb_text][et_pb_text module_class=”default-subheading” _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=”||-1px|||” locked=”off” global_colors_info=”{}”]<\/p>\n

8. Trade and other payables<\/h2>\n

[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]<\/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
Figures in Rand<\/th>2023<\/th>2022<\/th>\n<\/tr>\n<\/thead>\n
Accrued expenses<\/td>2,155,787<\/td>2,066,745<\/td>\n<\/tr>\n
Accrued external audit fees<\/td>750,000<\/td>689,045<\/td>\n<\/tr>\n
Accrued leave pay<\/td>21,586,387<\/td>22,286,828<\/td>\n<\/tr>\n
Agricultural product samples<\/td>180,956<\/td>101,937<\/td>\n<\/tr>\n
Deposits received<\/td>6,602,423<\/td>6,565,136<\/td>\n<\/tr>\n
Payroll related control accounts<\/td>8,362,170<\/td>5,843,052<\/td>\n<\/tr>\n
South African Maritime Safety Authority services<\/td>616,488<\/td>621,241<\/td>\n<\/tr>\n
Trade payables<\/td>8,457,831<\/td>21,626,208<\/td>\n<\/tr>\n
<\/td>48,712,042<\/td>59,800,192<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

[\/et_pb_text][et_pb_text module_class=”default-subheading” _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=”||-1px|||” locked=”off” global_colors_info=”{}”]<\/p>\n

9. Provisions<\/h2>\n

[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]\n\n\n\n\t\n\n\t\n\t\n\t\n\t
Reconciliation of provisions - 2023<\/th>Opening balance<\/th>Additions<\/th>Utilised during the year<\/th>Reversed during the year<\/th>Total<\/th>\n<\/tr>\n<\/thead>\n
Performance incentive<\/td>17,100,000<\/td>19,461,138<\/td>(17,100,000)<\/td>-<\/td>19,461,138<\/td>\n<\/tr>\n
Long service award<\/td>2,164,485<\/td>-<\/td>-<\/td>(243,099)<\/td>1,921,386<\/td>\n<\/tr>\n
Customer claims<\/td>2,000,000<\/td>301,501<\/td>(815,000)<\/td>(1,185,000)<\/td>301,501<\/td>\n<\/tr>\n
<\/td>21,264,485<\/td>19,762,639<\/td>(17,915,000)<\/td>(1,428,099)<\/td>21,684,025<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]\n\n\n\n\t\n\n\t\n\t\n\t\n\t
Reconciliation of provisions - 2023<\/th>Opening balance<\/th>Additions<\/th>Utilised during the year<\/th>Reversed during the year<\/th>Total<\/th>\n<\/tr>\n<\/thead>\n
Performance incentive<\/td>16,500,000<\/td>17,100,000<\/td>(16,178,642)<\/td>(321,358)<\/td>17,100,000<\/td>\n<\/tr>\n
Long service award<\/td>1,788,794<\/td>375,691<\/td>-<\/td>-<\/td>2,164,485<\/td>\n<\/tr>\n
Customer claims<\/td>-<\/td>2,000,000<\/td>-<\/td>-<\/td>2,000,000<\/td>\n<\/tr>\n
<\/td>18,288,794<\/td>19,475,691<\/td>(16,178,642)<\/td>(321,358)<\/td>21,264,485<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]The performance incentive is paid out in accordance with the Board approved performance incentive policy. The performance incentive payment is subject to approval by the Board. Approval is based on the outcome of the audited financial results, the achievement of the PPECB against its predetermined objectives and individuals\u2019 agreed key performance objectives for the past financial year. <\/p>\n

All permanent employees appointed prior to 1997 may become entitled to a long service award upon completion of twenty, thirty or forty years service. <\/p>\n

The entity provided for one potential claim from a customer in 2023. The entity provided for three potential claims from customers in 2022.[\/et_pb_text][et_pb_text module_class=”default-subheading” _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=”||-1px|||” locked=”off” global_colors_info=”{}”]<\/p>\n

10. Revaluation reserve<\/h2>\n

[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]<\/p>\n\n\n\n\n\t\n\n\t\n\t\n\t
Figures in Rand<\/th>2023<\/th>2022<\/th>\n<\/tr>\n<\/thead>\n
Opening balance<\/td>19,063,411<\/td>18,350,453<\/td>\n<\/tr>\n
Revaluation of land and buildings<\/td>-<\/td>712,958<\/td>\n<\/tr>\n
<\/td>19,063,411<\/td>19,063,411<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

[\/et_pb_text][et_pb_text module_class=”default-subheading” _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=”||-1px|||” locked=”off” global_colors_info=”{}”]<\/p>\n

11. Self-insurance reserve<\/h2>\n

[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]<\/p>\n\n\n\n\n\t\n\n\t\n\t\n\t
Figures in Rand<\/th>2023<\/th>2022<\/th>\n<\/tr>\n<\/thead>\n
Opening balance<\/td>15,437,000<\/td>11,593,000<\/td>\n<\/tr>\n
Transfer from the general reserve fund<\/td>4,870,744<\/td>3,844,000<\/td>\n<\/tr>\n
<\/td>20,307,744<\/td>15,437,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

[\/et_pb_text][et_pb_text module_class=”default-subheading” _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=”||-1px|||” locked=”off” global_colors_info=”{}”]<\/p>\n

12. Asset replacement reserve<\/h2>\n

[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]<\/p>\n\n\n\n\n\t\n\n\t\n\t\n\t
Figures in Rand<\/th>2023<\/th>2022<\/th>\n<\/tr>\n<\/thead>\n
Opening balance<\/td>22,932,000<\/td>13,150,000<\/td>\n<\/tr>\n
Transfer from the general reserve fund<\/td>8,354,347<\/td>9,782,000<\/td>\n<\/tr>\n
<\/td>31,286,347<\/td>22,932,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

[\/et_pb_text][et_pb_text module_class=”default-subheading” _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=”||-1px|||” locked=”off” global_colors_info=”{}”]<\/p>\n

13. Revenue<\/h2>\n

[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]<\/p>\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t
Figures in Rand<\/th>2023<\/th>2022<\/th>\n<\/tr>\n<\/thead>\n
Agricultural Product Standards Act (APS) inspection services<\/td>377,619,433<\/td>361,630,770<\/td>\n<\/tr>\n
Container services<\/td>14,963,651<\/td>13,846,992<\/td>\n<\/tr>\n
Export services<\/td>155,713,518<\/td>148,025,535<\/td>\n<\/tr>\n
Food safety certifications<\/td>6,163,363<\/td>6,300,701<\/td>\n<\/tr>\n
Laboratory services<\/td>16,037,498<\/td>15,535,503<\/td>\n<\/tr>\n
Sea services<\/td>6,302,034<\/td>5,572,839<\/td>\n<\/tr>\n
<\/td>576,799,497<\/td>550,912,340<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

[\/et_pb_text][et_pb_text module_class=”default-subheading” _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=”||-1px|||” locked=”off” global_colors_info=”{}”]<\/p>\n

14. Other income<\/h2>\n

[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]<\/p>\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t
Figures in Rand<\/th>2023<\/th>2022<\/th>\n<\/tr>\n<\/thead>\n
Investment interest<\/td>10,797,524<\/td>5,951,030<\/td>\n<\/tr>\n
Sundry income<\/td>4,445,446<\/td>2,694,822<\/td>\n<\/tr>\n
Transformation and development services<\/td>2,082,161<\/td>1,813,906<\/td>\n<\/tr>\n
AETP and internal development services<\/td>2,392,867<\/td>1,084,661<\/td>\n<\/tr>\n
<\/td>19,717,998<\/td>11,544,419<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

[\/et_pb_text][et_pb_text module_class=”default-subheading” _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=”||-1px|||” locked=”off” global_colors_info=”{}”]<\/p>\n

15. Employee compensation and benefits<\/h2>\n

[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]<\/p>\n\n\n\n\n\t\n\n\t\n\t\n\t
Figures in Rand<\/th>2023<\/th>2022<\/th>\n<\/tr>\n<\/thead>\n
Salaries and wages<\/td>386,696,540<\/td>348,845,194<\/td>\n<\/tr>\n
Defined contribution costs - retirement fund<\/td>27,420,288<\/td>25,638,584<\/td>\n<\/tr>\n
<\/td>414,116,828<\/td>374,483,778<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

[\/et_pb_text][et_pb_text module_class=”default-subheading” _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=”||-1px|||” locked=”off” global_colors_info=”{}”]<\/p>\n

16. Auditors\u2019 remuneration<\/h2>\n

[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]<\/p>\n\n\n\n\n\t\n\n\t
Figures in Rand<\/th>2023<\/th>2022<\/th>\n<\/tr>\n<\/thead>\n
Professional fees<\/td>655,864<\/td>684,145<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

[\/et_pb_text][et_pb_text module_class=”default-subheading” _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=”||-1px|||” locked=”off” global_colors_info=”{}”]<\/p>\n

17. Cash generated from operations<\/h2>\n

[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]<\/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
Figures in Rand<\/th>2023<\/th>2022<\/th>\n<\/tr>\n<\/thead>\n
Surplus<\/td>12,464,621<\/td>35,438,323<\/td>\n<\/tr>\n
Adjustments for:<\/td><\/td><\/td>\n<\/tr>\n
Depreciation<\/td>4,056,432<\/td>6,271,409<\/td>\n<\/tr>\n
Movements in operating lease assets<\/td>(15,351)<\/td>(232,917)<\/td>\n<\/tr>\n
Movements in provisions<\/td>419,540<\/td>2,975,691<\/td>\n<\/tr>\n
Other movements - Property, plant and equipment<\/td>476,024<\/td>-<\/td>\n<\/tr>\n
Changes in working capital:<\/td><\/td><\/td>\n<\/tr>\n
Trade and other receivables<\/td>4,010,344<\/td>(9,768,988)<\/td>\n<\/tr>\n
Trade and other payables<\/td>(11,088,148)<\/td>(1,557,697)<\/td>\n<\/tr>\n
<\/td>10,323,462<\/td>33,125,821<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

[\/et_pb_text][et_pb_text module_class=”default-subheading” _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=”||-1px|||” locked=”off” global_colors_info=”{}”]<\/p>\n

18. Taxation<\/h2>\n

[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]In terms of the Income Tax Act No. 58 of 1962, the PPECB is not subject to taxation. No provision was made for income tax.[\/et_pb_text][et_pb_text module_class=”default-subheading” _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=”||-1px|||” locked=”off” global_colors_info=”{}”]<\/p>\n

19. Commitments<\/h2>\n

[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]Authorised capital expenditure <\/strong>
\nNot yet contracted<\/strong>[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]<\/p>\n\n\n\n\n\t\n\n\t
Figures in Rand<\/th>2023<\/th>2022<\/th>\n<\/tr>\n<\/thead>\n
Property, plant and equipment<\/td>16,302,931<\/td>9,167,931<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]The capital commitments are in terms of the approved budget for property, plant and equipment.[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]Operating leases – as lessee (expense) <\/strong>[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]<\/p>\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t
Figures in Rand<\/th>2023<\/th>2022<\/th>\n<\/tr>\n<\/thead>\n
Minimum lease payments due<\/td><\/td><\/td>\n<\/tr>\n
- within one year<\/td>6,300,551<\/td>3,889,312<\/td>\n<\/tr>\n
- in second to fifth year inclusive<\/td>4,781,440<\/td>5,885,046<\/td>\n<\/tr>\n
<\/td>11,081,991<\/td>9,774,358<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

[\/et_pb_text][et_pb_text module_class=”default-subheading” _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=”||-1px|||” locked=”off” global_colors_info=”{}”]<\/p>\n

20. Related parties <\/h2>\n

[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]The PPECB has related party relationships with the Department of Agriculture, Land Reform and Rural Development (DALRRD), members of the Board and the management committee. The DALRRD has significant influence. Services delivered to related parties are on terms of business normally prevailing with third parties.<\/p>\n

The PPECB rendered services of R2,603,415 (2022: R2,719,036) to companies on which some of the members of the Board serve. The outstanding debtors balances of these companies and entities totalled to R259,369 (2022: R382,304).[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]<\/p>\n

Related party balances<\/strong><\/p>\n

[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]<\/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
Figures in Rand<\/th>2023<\/th>2022<\/th>\n<\/tr>\n<\/thead>\n
Board members<\/strong><\/td><\/td><\/td>\n<\/tr>\n
Mr CG Garrett - Bertie van Zyl (Pty) Ltd<\/td>-<\/td>13,522<\/td>\n<\/tr>\n
Ms M Kotze\/Mr M Brinkhuis - SA Apple and Pear Producers Association NPC<\/td>16,675<\/td>-<\/td>\n<\/tr>\n
Ms M Kotze\/Mr M Brinkhuis - SA Stone Fruit Producers Association NPC<\/td>18,927<\/td>-<\/td>\n<\/tr>\n
Ms B Njobe - The Department of Agriculture, Land Reform and Rural Development<\/td>(114)<\/td>-<\/td>\n<\/tr>\n
Ms KM Sinclair - Irvin and Johnson (Pty) Ltd<\/td>-<\/td>77,288<\/td>\n<\/tr>\n
Ms KM Sinclair - South African Bureau of Standards<\/td>-<\/td>13,319<\/td>\n<\/tr>\n
Dr M Van Eeden - Rhodes Food Group (Pty) Ltd<\/td>-<\/td>278,175<\/td>\n<\/tr>\n
Mr I Beukes - Sundays Citrus Company (Pty) Ltd<\/td>10,126<\/td>-<\/td>\n<\/tr>\n
Ms B Njobe - Rhodes Food Group (Pty) Ltd<\/td>213,755<\/td>-<\/td>\n<\/tr>\n
<\/td>259,369<\/td>382,304<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]<\/p>\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t
<\/th><\/th><\/th>\n<\/tr>\n<\/thead>\n
Department of Agriculture, Land Reform and Rural Development<\/strong><\/td><\/td><\/td>\n<\/tr>\n
Laboratory Analysis and Diagnostics Programme<\/td>(206,235)<\/td>(101,937)<\/td>\n<\/tr>\n
Export Readiness and Market Access Programme (Eastern Cape)<\/td>(994,684)<\/td>(1,451,935)<\/td>\n<\/tr>\n
Export Readiness and Market Access Programme (Gauteng)<\/td>-<\/td>29,591<\/td>\n<\/tr>\n
Export Readiness and Market Access Programme (Northern Cape)<\/td>41,143<\/td>167,197<\/td>\n<\/tr>\n
Export Readiness and Market Access Programme (Mpumalanga)<\/td>44,350<\/td>-<\/td>\n<\/tr>\n
<\/td>(1,115,426)<\/td>(1,357,084)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]Related party transactions
\n<\/strong>[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]<\/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
Figures in Rand<\/th>2023<\/th>2022<\/th>\n<\/tr>\n<\/thead>\n
Board members<\/strong><\/td><\/td><\/td>\n<\/tr>\n
Mr W Bam - SA Tafeldruiwe NPC<\/td>170,062<\/td>293,952<\/td>\n<\/tr>\n
Mr CG Garrett - Bertie van Zyl (Pty) Ltd<\/td>359<\/td>17,441<\/td>\n<\/tr>\n
Mr KB Katoo - Citrus Growers Association NPC<\/td>107,525<\/td>205,275<\/td>\n<\/tr>\n
Ms M Kotze\/Mr M Brinkhuis - SA Apple and Pear Producers Association NPC<\/td>150,075<\/td>129,122<\/td>\n<\/tr>\n
Ms M Kotze\/Mr M Brinkhuis - SA Stone Fruit Producers Association NPC<\/td>94,634<\/td>112,746<\/td>\n<\/tr>\n
Mr AJ Kruger - Fresh Produce Exporters Forum<\/td>107,525<\/td>107,525<\/td>\n<\/tr>\n
Mr RM Ramasodi - The Department of Agriculture, Land Reform and Rural Development<\/td>2,418<\/td>-<\/td>\n<\/tr>\n
Ms KM Sinclair - Irvin and Johnson (Pty) Ltd<\/td>507,525<\/td>636,293<\/td>\n<\/tr>\n
Ms KM Sinclair - South African Bureau of Standards<\/td>105,776<\/td>114,822<\/td>\n<\/tr>\n
Ms M Slabber - Hexrivier Sitrus (Edms) Bpk<\/td>71,781<\/td>34,020<\/td>\n<\/tr>\n
Dr M Van Eeden - Rhodes Food Group (Pty) Ltd<\/td>827,681<\/td>1,067,840<\/td>\n<\/tr>\n
Mr I Beukes - Sundays Citrus Company (Pty) Ltd<\/td>10,126<\/td>-<\/td>\n<\/tr>\n
Ms B Njobe - Rhodes Food Group (Pty) Ltd<\/td>447,928<\/td>-<\/td>\n<\/tr>\n
<\/td>2,603,415<\/td>2,719,036<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]<\/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
<\/th><\/th><\/th>\n<\/tr>\n<\/thead>\n
DALRRD<\/strong><\/td><\/td><\/td>\n<\/tr>\n
Agri Export Technologist Programme (AETP)<\/td>622,000<\/td>600,000<\/td>\n<\/tr>\n
Inter-departmental training and capacitation initiative (Free State)<\/td>28,662<\/td>-<\/td>\n<\/tr>\n
Export Readiness and Market Access Programme (Gauteng)<\/td>168,503<\/td>1,052,919<\/td>\n<\/tr>\n
Export Readiness and Market Access Programme (KZN)<\/td>365,907<\/td>-<\/td>\n<\/tr>\n
Export Readiness and Market Access Programme (Limpopo)<\/td>462,944<\/td>-<\/td>\n<\/tr>\n
Export Readiness and Market Access Programme (Mpumalanga)<\/td>454,469<\/td>369,779<\/td>\n<\/tr>\n
Export Readiness and Market Access Programme (NEVPOSA)<\/td>21,478<\/td>-<\/td>\n<\/tr>\n
Export Readiness and Market Access Programme (Northern Cape)<\/td>193,521<\/td>321,599<\/td>\n<\/tr>\n
Export Readiness and Market Access Programme (North West)<\/td>292,629<\/td>-<\/td>\n<\/tr>\n
Export Readiness and Market Access Programme (Western Cape)<\/td>57,788<\/td>-<\/td>\n<\/tr>\n
<\/td>2,667,901<\/td>2,344,297<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” hover_enabled=”0″ locked=”off” global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n

Remuneration of Management
\nManagement class: Executive Management 2023<\/strong><\/p>\n

2023<\/strong><\/p>\n

[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]<\/p>\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t
Figures in Rand<\/th><\/th><\/th><\/th><\/th>\n<\/tr>\n<\/thead>\n
Name<\/td>Basic Salary<\/td>Travel allowance<\/td>Medical aid and provident contributions<\/td>Total<\/td>\n<\/tr>\n
Chief Executive Officer<\/td>2,683,947<\/td>4,800<\/td>536,789<\/td>3,225,536<\/td>\n<\/tr>\n
Chief Financial Officer<\/td>2,170,568<\/td>5,000<\/td>516,648<\/td>2,692,216<\/td>\n<\/tr>\n
Chief Operations Officer<\/td>1,804,110<\/td>12,000<\/td>439,690<\/td>2,255,800<\/td>\n<\/tr>\n
Chief Information Officer<\/td>1,795,833<\/td>-<\/td>161,625<\/td>1,957,458<\/td>\n<\/tr>\n
Human Capital Executive<\/td>1,444,925<\/td>-<\/td>216,627<\/td>1,661,552<\/td>\n<\/tr>\n
<\/td>9,899,383<\/td>21,800<\/td>1,871,379<\/td>11,792,562<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]2022<\/strong>[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]<\/p>\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t
Name<\/th>Basic Salary<\/th>Travel allowance<\/th>Medical aid and provident contributions<\/th>Total<\/th>\n<\/tr>\n<\/thead>\n
Chief Executive Officer<\/td>2,494,144<\/td>9,600<\/td>464,027<\/td>2,967,771<\/td>\n<\/tr>\n
Chief Financial Officer<\/td>2,228,688<\/td>-<\/td>489,736<\/td>2,718,424<\/td>\n<\/tr>\n
Chief Operations Officer<\/td>1,732,239<\/td>12,000<\/td>395,385<\/td>2,139,624<\/td>\n<\/tr>\n
Chief Information Officer<\/td>1,837,525<\/td>-<\/td>153,839<\/td>1,991,364<\/td>\n<\/tr>\n
Human Capital Executive<\/td>1,416,546<\/td>-<\/td>212,330<\/td>1,628,876<\/td>\n<\/tr>\n
<\/td>9,709,142<\/td>21,600<\/td>1,715,317<\/td>11,446,059<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]Management class: Board members<\/strong>[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]<\/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
Name<\/th>2023<\/th>2022<\/th>\n<\/tr>\n<\/thead>\n
Mr W Bam (Reappointed 1 February 2023)<\/td>90,981<\/td>64,602<\/td>\n<\/tr>\n
Mr I Beukes (Appointed 1 February 2023)<\/td>32,301<\/td>-<\/td>\n<\/tr>\n
Mr M Brinkhuis (Appointed 1 February 2023)<\/td>37,534<\/td>-<\/td>\n<\/tr>\n
Mr D Donkin (Appointed 1 February 2023)<\/td>21,534<\/td>-<\/td>\n<\/tr>\n
Ms M Kotze (Reappointed 1 February 2023)<\/td>110,279<\/td>86,136<\/td>\n<\/tr>\n
Mr B Mavume (Appointed 1 February 2023)<\/td>32,301<\/td>-<\/td>\n<\/tr>\n
Ms B Njobe* (Appointed 1 February 2023)<\/td>40,143<\/td>-<\/td>\n<\/tr>\n
Dr CC Nkuna (Reappointed 1 February 2023)<\/td>64,301<\/td>74,767<\/td>\n<\/tr>\n
Ms J Atwood-Palm (Appointed 1 February 2023)<\/td>34,910<\/td>-<\/td>\n<\/tr>\n
Ms P Tlomatsane (Appointed 1 February 2023)<\/td>32,301<\/td>-<\/td>\n<\/tr>\n
Mr CG Garrett (Resigned 31 January 2023)<\/td>93,045<\/td>111,654<\/td>\n<\/tr>\n
Mr KB Katoo (Resigned 31 January 2023)<\/td>75,369<\/td>86,136<\/td>\n<\/tr>\n
Mr AJ Kruger (Resigned 31 January 2023)<\/td>83,196<\/td>96,572<\/td>\n<\/tr>\n
Mr RM Ramasodi* (Resigned 31 January 2023)<\/td>-<\/td>-<\/td>\n<\/tr>\n
Ms KM Sinclair (Resigned 31 January 2023)<\/td>32,301<\/td>89,366<\/td>\n<\/tr>\n
Ms M Slabber (Resigned 31 January 2023)<\/td>83,196<\/td>96,572<\/td>\n<\/tr>\n
Dr M Van Eeden (Resigned 31 January 2023)<\/td>53,835<\/td>64,602<\/td>\n<\/tr>\n
<\/td>917,527<\/td>770,407<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]*Ms B Njobe is appointed as the Ministerial Representative for the DALRRD from 1 February 2023. This position was previously held by Mr RM Ramasodi and he did not receive fees from the PPECB as a Board member[\/et_pb_text][et_pb_text module_class=”default-subheading” _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=”||-1px|||” locked=”off” global_colors_info=”{}”]<\/p>\n

21. Change in estimate <\/h2>\n

[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]Property, plant and equipment<\/strong>
\nIn the financial year under review management revised the estimated useful lives of property, plant and equipment. Residual values were considered for the motor vehicle (9%) and certain laptops and tablets (10%) based on the ICT refresh initiative. The effect of this revision and the consideration of the residual values resulted in a decrease of depreciation charges of R5,354,305. The straight-line depreciation method is utilised.[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]<\/p>\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t
Item<\/th>Initial useful life<\/th>Revised useful life<\/th>\n<\/tr>\n<\/thead>\n
Buildings<\/td>50 years<\/td>50 years<\/td>\n<\/tr>\n
Computer equipment<\/td>3 - 7 years<\/td>3 - 30 years<\/td>\n<\/tr>\n
Furniture and fixtures<\/td>3 - 20 years<\/td>3 - 30 years<\/td>\n<\/tr>\n
Technical equipment<\/td>3 - 20 years<\/td>3 - 30 years<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

[\/et_pb_text][et_pb_text module_class=”default-subheading” _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=”||-1px|||” locked=”off” global_colors_info=”{}”]<\/p>\n

22. Comparative figures<\/h2>\n

[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]Certain comparative figures have been reclassified based on their nature. The effects of the reclassification are as follows:<\/p>\n

The AETP and Internal Development services (2022: R1,084,661) was reclassified from Revenue to Other Income. The Transformation and Development services (2022: R1,813,906) was reclassified from Revenue to Other Income.[\/et_pb_text][et_pb_text module_class=”default-subheading” _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=”||-1px|||” locked=”off” global_colors_info=”{}”]<\/p>\n

23. Risk management <\/h2>\n

[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]Financial risk management<\/strong>
\nThe entity\u2019s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk, cash flow interest rate risk and price risk), credit risk and liquidity risk.<\/p>\n

The members of the Board acknowledge their responsibility for establishing and communicating appropriate risk and control policies and ensuring adequate risk management processes are in place. The Audit Committee assists the members of the Board in discharging their risk management obligations.<\/p>\n

The principal objectives of risk management are to:<\/p>\n

    \n
  • Review the Board\u2019s risk philosophy, strategy, policies and processes recommended by senior management;<\/li>\n
  • Review and assess the integrity of the process and procedures for identifying, assessing, recording and monitoring of risk;<\/li>\n
  • Review the adequacy and effectiveness of the Board\u2019s risk management function and its implementation by management; and<\/li>\n
  • Ensure that material risks have been identified, assessed and receive attention.<\/li>\n<\/ul>\n

    The Board\u2019s risk management processes, of which the systems of internal, financial and operating controls are an integral part, are designed
    \nto control and monitor risk throughout the Board. For effectiveness, these processes rely on regular communication, sound judgment and
    \nthorough knowledge of statutory and operational activities. Management is tasked with integrating the management risk into the day-to-day
    \nactivities of the Board.<\/p>\n

    Liquidity risk<\/strong>
    \nThe entity\u2019s risk to liquidity is the risk that funds are not available to cover future commitments.<\/p>\n

    The entity\u2019s risk to liquidity is a result of the funds available to cover future commitments. The entity manages liquidity risk through an ongoing review of future commitments and credit facilities.<\/p>\n

    The entity manages the liquidity risk through an ongoing review of future commitments by monitoring cash flows, budgets and management accounts. Included in the general reserve is a provision for expense risk (an increase in the level of expenditure, without a commensurate increase in income).<\/p>\n

    The contractual cash flows due as at 31 March 2023 to trade and other payables is R48,712,042 (2022: R59,800,192). Trade payables will be settled within one year or less. Operating leases within one year is R6,300,551 (2022: R889,312), operating leases between two and five years is R4,781,440 (2022: R5,885,046) and will be settled within agreed payment periods. Amounts noted are undiscounted cash flows.<\/p>\n

    Credit risk<\/strong>
    \nCredit risk arises from cash and equivalents and deposits with banks and financial institutions, as well as credit exposure to customers,
    \nincluding outstanding receivables and committed transactions.<\/p>\n

    Measures taken by the Board to limit credit risk to acceptable levels include, inter alia, an assessment of the credit quality of the customer, by taking into account their financial position; past experience and other factors, the application of standard credit acceptance procedures to assess potential clients, daily monitoring of collectable balance at both regional and head office level and the suspension of services to accounts which exceed the Board\u2019s payment terms. The table below shows the balances of the financial institutions in which the Board held deposits at statement of financial position date:[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]<\/p>\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t
    Financial institutions<\/th>2023<\/th>2022<\/th>\n<\/tr>\n<\/thead>\n
    Absa Group Limited<\/td>-<\/td>30,499,095<\/td>\n<\/tr>\n
    First National Bank<\/td>-<\/td>13,824,134<\/td>\n<\/tr>\n
    Nedbank Group Limited<\/td>6,404,468<\/td>40,133,080<\/td>\n<\/tr>\n
    Standard Bank Group<\/td>28,887,442<\/td>65,249,515<\/td>\n<\/tr>\n
    South African Reserve Bank - Corporation of Public Deposits<\/td>117,106,582<\/td>-<\/td>\n<\/tr>\n
    <\/td>152,398,492<\/td>149,705,824<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

    [\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]The carrying amount of financial assets in the statement of financial position represents the Board\u2019s exposure to credit risk in relation to these assets. Credit limits assigned to customers may be exceeded due to timing differences. Such instances are individually approved and closely monitored by management. Management does not expect any losses from non- performance by these counter parties. The Board\u2019s exposure to concentrated credit risk is low due to the large number of customers and their dispersion across different geographical areas and product sectors.<\/p>\n

    Cash flow and fair value interest rate risk<\/strong>
    \nThe Board\u2019s interest rate risk arises from investments held to maturity as well as from cash and cash equivalents. The Board\u2019s policy is to maintain its investments across a range of high-quality financial institutions. Interest rate exposure and investment allocations are evaluated by management on a regular basis. This risk is managed by maintaining an appropriate mix of investments with registered financial institutions. Interest-bearing investments are held with reputable financial institutions in order to minimise exposure.<\/p>\n

    Capital risk management<\/strong>
    \nCapital is regarded as total reserves which is a result of accumulated surpluses. The Board strives to maintain a sufficient reserve as to sustain its statutory obligations. The level of the reserves is dependent on the approval of the Minister of the DALRRD.<\/p>\n

    Categories of financial instruments
    \n<\/strong>[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]<\/p>\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t
    2023<\/th>At amortised cost<\/th>Total<\/th>\n<\/tr>\n<\/thead>\n
    Financial assets:<\/strong><\/td>-<\/td><\/td>\n<\/tr>\n
    Trade and other receivables<\/td>54,667,036<\/td>54,677,036<\/td>\n<\/tr>\n
    Cash and cash equivalents<\/td>152,514,371<\/td>152,514,371<\/td>\n<\/tr>\n
    Financial liabilities:<\/strong><\/td><\/td><\/td>\n<\/tr>\n
    Trade and other payables<\/td>47,084,021<\/td>47,084,021<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

    [\/et_pb_text][et_pb_text module_class=”default-subheading” _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=”||-1px|||” locked=”off” global_colors_info=”{}”]<\/p>\n

    24. Irregular expenditure and fruitless and wasteful expenditure<\/h2>\n

    [\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]<\/p>\n\n\n\n\n\t\n\n\t\n\t\n\t
    Figures in Rand<\/th>2023<\/th>2022<\/th>\n<\/tr>\n<\/thead>\n
    Irregular expenditure<\/td>1,290,771<\/td>1,377,429<\/td>\n<\/tr>\n
    Fruitless and wasteful expenditure<\/td>796,405<\/td>32,294<\/td>\n<\/tr>\n
    Closing balance<\/td>2,087,176<\/td>1,409,723<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

    [\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]In respect of irregular expenditure incurred, the three-quote procurement process was not followed with year-to-date (YTD) expenditure of
    \nR938,440. Prior approval from the Chief Executive Officer was not obtained which is a deviation from National Treasury Regulations. The procurement process is in progress to initiate contracts.<\/p>\n

    National Treasury Regulation 16 A6.3(c) requires tenders to be advertised for a minimum of 21 days. The AETP learnership programme tender was advertised for 18 days. YTD spend was R352,331.<\/p>\n

    In respect of fruitless and wasteful expenditure, a permanent employee resigned and continued to receive a salary amounting to R178,872. <\/p>\n

    Funeral benefits were paid on behalf of the service provider to three employees amounting to R67,500. These funds are irrecoverable. ICT equipment (tablets, laptops and monitors) amounting to a book value of R550,032 could not be physically accounted for and were reported as missing. These assets were written off.[\/et_pb_text][et_pb_text module_class=”default-subheading” _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=”||-1px|||” locked=”off” global_colors_info=”{}”]<\/p>\n

    25. Segment information <\/h2>\n

    [\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]General information<\/strong><\/p>\n

    Identification of segments<\/strong>
    \nThe segment information report reflects the reportable segments regularly provided, reviewed and used by the Board and Executive Management to make strategic decisions and assess performance of the segments. The Executive assesses the performance of the operating segments based on a measure of contribution consistent with that of the financial statements.<\/p>\n

    The operations in each reportable segment are: Statutory Services and Food Safety Services, which provide mostly regulatory services at a fee to the perishable product industry. Statutory Services is responsible for delivering integrated inspection and cold chain services on perishable products being exported. Food Safety Services refers to the assurance given that food will not cause harm to the consumer when consumed. The Transformation and Development Services programme is aimed at building capacity through the development of internal and external skills. Corporate Services ensures coherence among the respective programmes within the PPECB by providing support, direction, leadership and promoting the services of the PPECB. <\/p>\n

    Segment of surplus<\/strong>[\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]<\/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
    2023<\/th>Statutory services<\/th>Food Safety services<\/th>Development services<\/th>Corporate services<\/th>Total<\/th>\n<\/tr>\n<\/thead>\n
    Revenue<\/strong><\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
    Income<\/td>558,793,208<\/td>21,571,326<\/td>2,577,320<\/td>13,575,642<\/td>596,517,496<\/td>\n<\/tr>\n
    Entity\u2019s revenue<\/td><\/td><\/td><\/td><\/td>596,517,496<\/td>\n<\/tr>\n
    Expenditure<\/strong><\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
    Employment compensation<\/td>323,007,337<\/td>15,145,970<\/td>4,965,332<\/td>71,132,504<\/td>414,251,143<\/td>\n<\/tr>\n
    Activity cost<\/td>42,505,008<\/td>8,246,242<\/td>221,109<\/td>95,414<\/td>51,067,773<\/td>\n<\/tr>\n
    Administrative cost<\/td>20,840,022<\/td>5,369,240<\/td>1,198,629<\/td>91,326,068<\/td>118,733,959<\/td>\n<\/tr>\n
    Total segmental expenditure<\/td>386,352,367<\/td>28,761,452<\/td>6,385,070<\/td>162,553,986<\/td>584,052,875<\/td>\n<\/tr>\n
    <\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
    Total segmental surplus<\/td><\/td><\/td><\/td><\/td>12,464,621<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

    [\/et_pb_text][et_pb_text module_class=”section-content ul-arrow” _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” min_height=”28.8px” custom_margin=”||14px|||” locked=”off” global_colors_info=”{}”]<\/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
    2022<\/th>Statutory services<\/th>Food Safety services<\/th>Development services<\/th>Corporate services<\/th>Total<\/th>\n<\/tr>\n<\/thead>\n
    Revenue<\/strong><\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
    Income<\/td>531,428,303<\/td>21,844,048<\/td>2,898,567<\/td>6,283,309<\/td>562,454,227<\/td>\n<\/tr>\n
    Entity\u2019s revenue<\/td><\/td><\/td><\/td><\/td>562,454,227<\/td>\n<\/tr>\n
    Expenditure<\/strong><\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
    Employment compensation<\/td>283,919,898<\/td>14,653,650<\/td>12,639,612<\/td>63,270,619<\/td>374,483,779<\/td>\n<\/tr>\n
    Activity cost<\/td>37,353,866<\/td>8,353,295<\/td>312,785<\/td>14,885<\/td>46,034,831<\/td>\n<\/tr>\n
    Administrative cost<\/td>18,875,856<\/td>4,003,625<\/td>5,123,312<\/td>78,494,504<\/td>106,497,297<\/td>\n<\/tr>\n
    Total segmental expenditure<\/td>340,149,620<\/td>27,010,570<\/td>18,075,709<\/td>141,780,008<\/td>527,015,907<\/td>\n<\/tr>\n
    <\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
    Total segmental surplus<\/td><\/td><\/td><\/td><\/td>35,438,320<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

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

    [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_3,1_3,1_3″ make_equal=”on” module_class=”quick-links” _builder_version=”4.22.1″ _module_preset=”default” width=”100%” locked=”off” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.22.1″ _dynamic_attributes=”link_option_url” _module_preset=”default” background_color=”#efefef” custom_padding=”10px|30px|30px|10px|false|false” link_option_url=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9saW5rX3VybF9wYWdlIiwic2V0dGluZ3MiOnsicG9zdF9pZCI6IjI0MyJ9fQ==@” link_option_url_new_window=”on” border_width_all=”2px” border_color_all=”#FFFFFF” global_colors_info=”{}” border_width_all__hover_enabled=”off|hover” border_color_all__hover_enabled=”on|desktop” border_color_all__hover=”#00adef” background__hover_enabled=”on|desktop” background_color__hover=”#FFFFFF” background_enable_color__hover=”on”][et_pb_text _builder_version=”4.22.1″ _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” global_colors_info=”{}”]<\/p>\n

    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

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    >> Part 04 > Notes to the Annual Financial Statementsnotes to the\/\/annual financial statements>>>the _Perishable Products Export Control BoardNotes to the Annual Financial Statementsfor the year ended 31 March 20232. New standards and interpretations2.1 Standards and interpretations effective and adopted in the current year There are no standards and interpretations that have been adopted in […]<\/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-398","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/annualreports.ppecb.com\/2223\/wp-json\/wp\/v2\/pages\/398","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=398"}],"version-history":[{"count":17,"href":"https:\/\/annualreports.ppecb.com\/2223\/wp-json\/wp\/v2\/pages\/398\/revisions"}],"predecessor-version":[{"id":2800,"href":"https:\/\/annualreports.ppecb.com\/2223\/wp-json\/wp\/v2\/pages\/398\/revisions\/2800"}],"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=398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}