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

FINANCIAL PERFORMANCE

 The Federa

erated ed Hospitali itality ty Association

• ciation of So

Southern n Afric ica a (C (Cape e Region)

• n) NPO

 An Over

erview view of Finan nancia cial Perfo formanc mance

(Johannesburg) Inc.

Auditing, Accounting Tax, Advisory, Financial And Fiduciary Services

AGENDA

FEDHASA seeks to grow an inclusive hospitality industry by providing a unified voice to enhance and promote the development and growth of a sustainable South African hospitality trading environment. This presentation provides an overview of FEDHASA Cape’s financial performance for the year ended 28 February 2018.

• Highlights
• Revenue
• Other income
• Investment revenue
• Administrative expenses
• Trade and other receivables
• Cash and cash equivalents
• Trade and other payables

HIGHLIGHTS

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)

2018 R 2017 R

STATEMENT OF COMPREHENSIVE INCOME: REVENUE

 Revenue

increased by approximately 14.5% in comparison to the 2017 financial year.

 The

growth in revenue is primarily as a result of growth in membership fees as well as new applications.

1 723 083,00 1 972 405,00 1,723,083 R1 972 405 2017 2018

STATEMENT OF COMPREHENSIVE INCOME: OTHER INCOME

 Other income decreased by

approximately 21% in comparison to the 2017 financial year.

 This

was due to the decrease in sundry income and events income during the 2018 financial year.

R314 113 R248 360 2017 2018

STATEMENT OF COMPREHENSIVE INCOME: INVESTMENT REVENUE

 Investment revenue increased

by approximately 15% in the 2018 year.

 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.

R126,904 R145 878 2017 2018

STATEMENT OF COMPREHENSIVE INCOME: ADMINISTRATIVE EXPENSES

 Administrative

expenses increased by approximately 22% when compared to the 2017 financial year.

 The increase is mainly due to

an

• verall

increase in employee costs due to the recognition

• f

leave pay provision and consulting fees payed in respect of FEDHASA National.

R1 839 221 R2 244 539 2017 2018

COMPOSITION OF ADMINISTRATIVE EXPENSES

Accounting & Audit fees 6% Consultancy fees 15% Golf day expenses 4% Lease rentals on

• perating lease

7% Employee cost 47% Telephone and fax 2% Other operating costs 8% Events expenses 6% Bursaries 5%

STATEMENT OF FINANCIAL POSITION: TRADE AND OTHER RECEIVABLES

 The increase in trade and

• ther receivables is mainly

due to an increase in credit sales, in particular the inclusion

• f

the JAMMS Agency Account which accounts for 48% of the total debtors balance.

R51 054 R149 123 2017 2018

STATEMENT OF FINANCIAL POSITION: CASH AND CASH EQUIVALENTS

 The

cash and cash equivalents balance 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 R2 046 554 R2 018 726

STATEMENT OF FINANCIAL POSITION: TRADE AND OTHER PAYABLES

 Trade payables recorded at

the end of the financial year reflect a decrease of approximately 33% when compared to the 2017 financial year.

 The main reason for the

decrease is due to the decrease in income received in advance.

R202 743 R202,743 2017 2018 R202 743 R136 841 2017 2018

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(Johannesburg) Inc.

Auditing, Accounting Tax, Advisory, Financial And Fiduciary Services