NCERA FARMS PTY LTD ANNUAL REPORT: 200607

1
NCERA FARMS (PTY) LTDANNUAL REPORT 2006/07
PRESENTATION TO THE PORTFOLIO COMMITTEE ON
AGRICULTURE AND LAND AFFAIRS
2
NCERA FARMS (PTY) ANNUAL REPORT 2006/07

• Members of the Board
• T Marais
• S Malatji
• M Msizi
• J B Venter
• Me N L Ngubelanga
• Spokesperson of the settled farmers, Mr L
  Matinise, ex officio member of the Board.
• Background
• - Creation of the company
• - Why with the DoA
• - Schedule 3B public entity
• - Creation of a service centre

3
NCERA FARMS (PTY) ANNUAL REPORT 2006/07
(CONTINUED)

• Progress made during 2006/07
• - administrative building
• - workshop
• - security fence
• - water supply
• Total cost at end March 2007 R1,827 million
• R100 000 earmarked for finalisation
• Services available to settled farmers and
  neighbouring communities
• - Agricultural extension and advisory services
• - Land preparation, layout and contract
  ploughing
• - Training and advice on fresh produce
  production and marketing
• - Preparation of business plans and financial
  record keeping
• - Cost effective repairs and maintenance of
  machinery and equipment
• - Postal services
• - Legal services

4
ACTUAL SPENDING

• R000
• Budget allocation
• Transfer from the Department 2 177
• Plus Own revenue 904
• Total amount available 3 081
• Less Actual Expenditure 2 677
• Surplus 404
• As follows
• Personnel expenditure 330 (11,9)
• Administrative expenditure 405 (14,6)
• Management fees 1 126 (40,5)
• Veterinary and medicine cost 34 ( 1,2)
• Fodder and licks 526 (18,9)
• Maintenance 19 ( 0,7)
• Transport 70 ( 2,5)
• Consumables 12 ( 0,4)

5
EXTERNAL AUDIT REPORT

• Unqualified report
• No emphasis of matter
• AUDIT COMMITTEE REPORT
• As follows
• The financial system is in place, adequate
  and operational
• revenue and expenditure are properly
  accounted for
• wages are paid according to the prescribed
  scales
• the asset register is up to date and
• all equipment is properly accounted for.