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<div id="content-top1">Page 13 - index</div>
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<br><br><br><br><br><br><br><br> Finance and Staff<br><br><br><br><br> Committee<br><br><br><br><br><br><br><br><br> The Annual Financial Statements for the period March The planned forecast deficit was for R 1 008 000 and<br> 2013 to February 2014 was approved by the Board, was attributable to further development costs for the<br> presented to Council, and issued with the Agenda for CESA School of Consulting Engineering for the BCE<br> the Annual General Meeting for final ratification. The and MCE courses, and the CEO succession following<br> financial statements were prepared by Lloyd Viljoen the retirement of Graham Pirie (former CEO). The<br> Chartered Accountants (S.A.) audited loss increased due to increased legal costs<br> associated with the Designation of Local application<br> The statement of changes in the amount of reserves<br> to the dti, and increased traveling expenses by the<br> for this period showing the total comprehensive<br> CESA Management team.<br> surplus (deficit) for the year is summarised as follows:<br> Total Assets as at the 28 February 2014 amounted to<br> 2014 2013 R 10 297 128; Total Liabilities were R 5 391 520 and<br> CESA R (1 142 948) 52 537 Accumulated Reserves for CESA, SCE and the YPF<br> School of Consulting R (77 590) (615 571) totalled R 4 905 608.<br> Engineering<br> The 2015 budget for the period March 14 to February<br> YPF R (12 106) 2 405<br> 15 is to achieve a breakeven bottom line. The<br> Total deficit for the year R (1 232 644) (560 629) challenges facing CESA to meet this forecast remain<br> the lack of sponsorship for our events and loss of<br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br> CESA Annual Review 2013 / 2014<br><br><br><br><br><br><br><br><br><br><br><br><br><br><br> Sue Davis ABE THELA<br> Manager: Finance Nyeleti Consulting Engineers<br> Chairperson<br> 13<br>
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