Question NW453 to the Minister of Finance
01 March 2019 - NW453
Steenhuisen, Mr JH to ask the Minister of Finance
(1)(a) On what date did the National Treasury last conduct an audit of artwork owned by Government which is under the curatorship of the National Treasury and (b) what are the details of each artwork under the curatorship of the National Treasury according to the Generally Recognised Accounting Practice 103; (2) whether any artworks under the curatorship of the National Treasury have gone missing (a) in each of the past five financial years and (b) since 1 April 2018; if so, what are the relevant details?
Reply:
(1)(a) The artwork under the curatorship of National Treasury is recorded in its asset register and audited on an annual basis by the Auditor General of South Africa. There is no artwork owned by the rest of Government under the curatorship of National Treasury;
(1)(b) The National Treasury does not have any artwork under its control that meets the definition of Heritage Assets in accordance with Generally Recognised Accounting Practice 103.
(2)(a) During the past five financial years the National Treasury has not written off any artworks after completion of its physical verification process, due to loss or other reason. During the current financial year starting 1 April 2018 to date, no artwork has been found missing;
(2)(b) There is no applicable detail, as there is no missing artwork at the National Treasury.