TRC Final Report

Volume 6

Section 6

Part Appendices

Subsection 1

APPENDIX 1

Annual Financial Statements

for the period 1 April 1997 to 31 March 1998

The Chief Executive Officer hereby presents his report and submits the annual financial statements for the period ended 31 March 1998.

• GENERAL REVIEW

The Truth and Reconciliation Commission was constituted in terms of The Promotion of National Unity and Reconciliation Act 34 of 1995 on 15 December 1995. During this first financial period the Truth and Reconciliation Commission commenced starting up operations which involved the setting up of its head office in Cape Town as well as three other offices in Gauteng, the Eastern Cape and Kwazulu Natal. The financial activities of the Truth and Reconciliation Commission for the above period centred around continuing its activities as in the previous year. The initial closing down date for the Commission was extended in terms of an amendment to the necessary legislation, which meant that the Commission operated at full capacity for virtually the entire year. The results of these activities are clearly reflected in the attached financial statements and may be summarised as follows:

Operating Surplus for the period . . . . . . . . . . . . . . . . . . . . . . . . . R 8602940

Capital Expenditure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . R 1252719

Net Cash Flow Surplus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . R16651911

The Cash Flow Surplus mainly arises out of funds held on deposit for donor funds to be expended in the next financial year as well as a surplus achieved on the budget of this financial year.

• CHIEF EXECUTIVE OFFICER AND SECRETARIES

In terms of S46(1) of the Promotion of National Unity and Reconciliation Act 34 of 1995 the following appointments have been made:

Chief Executive Officer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dr B S V Minyuku

Date of Appointment: 1 March 1996

Executive Secretary to:

The Commission . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . P van Zyl

Date of Appointment: 1 March 1996

The Reparation and Rehabilitation Committee . . . . . . . . T Grenville-Grey

Date of Appointment: 18 December 1997

The Human Rights Violations Committee . . . . . . . . . . . . . . . . Dr R Richards

Date of Appointment: 1 September 1996

The Amnesty Committee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Adv. M Coetzee

Date of Appointment: 8 August 1997

• FINANCIAL STATEMENT S

The Chief Executive Officer acknowledges his responsibility for the fair presentation in the financial statements of the financial position and results of operations in conformity with generally accepted accounting practice. The Chief Executive O fficer has approved the financial statements set out on pages 4 to 9.

• EVENTS OCCURRING AFTER BALANCE SHEET DAT E

During the month of June 1998, the Commission closed down its three regional o ffices according to its strategic plan. The financial effect of the closure was that assets of the Commission were transferred to the Department of Justice as stipulated by the Act. The total cost of these assets amounts to R912 066. The book value at year end of these assets amounted to R575 303. This event also meant that regional staff were re trenched as per the roll-out plan of the Commission. A total of 40 staff were re t renched. This represented, at that time, 10% of the Commission’s staff complement.

CHIEF EXECUTIVE OFFICER

23 October 1998