EXECUTIVE SUMMARY/SUBMISSION COVER SHEET

SUBMISSION TO THE  STANDING COMMITTEE ON AUDITOR GENERAL

Date of meeting: 16 May 2007

Business Unit Requesting The Submission
Finance.

Title Of The Submission
Surplus retention 2003/04 financial year.

Brief introduction and background

The AG applies for the retention of 2003/04 financial year of R36 308 000 realised as per income statement for the year ended 31 March 2004.

Purpose of submission/Decision required
To inform /update SCoAG of the submission to retain the surplus for the year ended 31 March 2004 as per attached submission to National Treasury dated 14 May 2007.

Financial implications.
None

Human resources implications
None.

Legal implications
None.

Other Institutions/Committees that have considered this submission
None

Presentation
No.

Time required
As required by AG.

Attachments
Application for retention of surplus

Approval

Signature:  
Paul Mosaka
(Who hereby confirms that all the documents have been verified)
Capacity:     Business Executive Finance
Date:     16 May 2007


Signature:  
Wally Van Heerden
(Who hereby confirms that all the documents have been verified)
Capacity:     Chief Operating Officer
Date:     16 May 2007