FINANCIAL PERFORMANCE The Federa erated ed Hospitali itality ty - PowerPoint PPT Presentation

FINANCIAL PERFORMANCE  The Federa erated ed Hospitali itality ty Association ociation of So Southern n Afric ica a (C (Cape e Region) on) NPO  An Over erview view of Finan nancia cial Perfo formanc mance (Johannesburg) Inc. Auditing, Accounting Tax, Advisory, Financial And Fiduciary Services

AGENDA - Highlights FEDHASA seeks to grow an inclusive hospitality industry by providing a unified - Revenue voice to enhance and promote the - Other income development and growth of a sustainable South African hospitality trading - Investment revenue environment. - Administrative expenses This presentation provides an overview of - Trade and other receivables FEDHASA Cape’s financial performance for the year ended 28 February 2018. - Cash and cash equivalents - Trade and other payables

HIGHLIGHTS 2018 2017 R R Net profit 122 359 324 879 Revenue 1 972 405 1 723 083 Other income 248 360 314 4 113 Investment revenue 145 5 878 126 904 Administrative expenses (2 244 284) (1 839 221) Trade and other receivables 149 9 123 51 054 Cash and cash equivalents 2 018 276 2 046 554 Trade and other payables (136 6 841) (202 743)

STATEMENT OF COMPREHENSIVE INCOME: REVENUE 1 972 405,00  Revenue increased by approximately 14.5% in R1 972 405 comparison to the 2017 financial year. 1 723 083,00 1,723,083  The growth in revenue is primarily as a result of growth in membership fees as well as new applications. 2017 2018

STATEMENT OF COMPREHENSIVE INCOME: OTHER INCOME  Other income decreased by R314 113 approximately 21% in comparison to the 2017 R248 360 financial year.  This was due to the decrease in sundry income and events income during the 2018 financial year. 2017 2018

STATEMENT OF COMPREHENSIVE INCOME: INVESTMENT REVENUE  Investment revenue increased by approximately 15% in the R145 878 2018 year. R126,904  The increase is attributable to marginally higher interest rates when compared to the 2017 year as well as larger cash reserves held in interest bearing investment accounts for part of the year . 2017 2018

STATEMENT OF COMPREHENSIVE INCOME: ADMINISTRATIVE EXPENSES  Administrative expenses increased by approximately 22% when compared to the R2 244 539 2017 financial year. R1 839 221  The increase is mainly due to an overall increase in employee costs due to the recognition of leave pay provision and consulting fees payed in respect of FEDHASA National. 2017 2018

COMPOSITION OF ADMINISTRATIVE EXPENSES Bursaries Accounting & Events expenses 5% Audit fees 6% Consultancy 6% Other operating fees costs 15% 8% Telephone and fax 2% Golf day expenses 4% Lease rentals on operating lease 7% Employee cost 47%

STATEMENT OF FINANCIAL POSITION: TRADE AND OTHER RECEIVABLES R149 123  The increase in trade and other receivables is mainly due to an increase in credit sales, in particular the inclusion of the JAMMS Agency Account which R51 054 accounts for 48% of the total debtors balance. 2017 2018

STATEMENT OF FINANCIAL POSITION: CASH AND CASH EQUIVALENTS  The cash and cash equivalents balance R2 046 554 R2 018 726 decreased by approximately 1.3% when compared to the cash and cash equivalent balance recorded at the end of the 2017 financial year. 2017 2018

STATEMENT OF FINANCIAL POSITION: TRADE AND OTHER PAYABLES  Trade payables recorded at the end of the financial R202 743 year reflect a decrease of R202 743 approximately 33% when R202,743 compared to the 2017 R136 841 financial year.  The main reason for the decrease is due to the decrease in income received in advance. 2017 2018 2017 2018

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