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FASSET | Annual Integrated Report 2022/23

3. REVENUE COLLECTION

2022/23 2021/22
Actual Over/ Actual Over/
Sources of Revenue Estimate Amount (Under) Estimate Amount (Under)
Collected Collection Collected Collection
R’000 R’000 R’000 R’000 R’000 R’000
Revenue from exchange transactions
Other income - 25 25 - 25 25
Investment income 25 000 58 426 33 426 27 000 30 600 3 600
Total revenue from 25 000 58 451 33 451 27 000 30 625 3 625
exchange transactions
Revenue from non-exchange transactions
Levies 642 910 703 920 61 010 580 919 621 168 40250
Other income - - - - 75 75
Total revenue from non- 642 910 703 920 61 010 580 919 621 244 40 325
exchange transactions
Total 667 910 762 371 94 461 607 919 651 896 43 050
Refer to note 25 of the AFS

4. CAPITAL INVESTMENT

FASSET keeps its assets, the majority of which are in the form of excess cash, in the
Corporation for Public Deposits (CPD) account with the Reserve Bank. The SETA also
has measures in place to maintain its asset register which mostly comprises
furniture and some installations. This is kept up to date on an ongoing
basis.

Make the future count. | 67