Umsobomvu Youth Fund Annual Report 2006 - Nyda

GROUPCOMPANY2006 2005 2006 2005Rand Rand Rand Rand20.5 Direct, indirect costs and shareof overheadsDirect, indirect costs andshare of overheads 47 512 946 42 989 746 47 512 946 42 989 746Adjusted for non-cash flow items:Depreciation (623 341) (1 718 337) (623 341) (1 718 337)Deferred expenses – (385 250) – (385 250)46 889 605 40 886 159 46 889 605 40 886 15920.6 Additions to property, plantand equipmentComputer equipment 1 543 204 874 555 1 501 274 874 555Computer software 39 538 34 664 14 063 34 664Office equipment 772 937 613 568 772 937 613 568Furniture 1 584 063 1 440 309 1 564 437 1 440 309Leasehold improvements 1 647 849 2 858 078 1 612 899 2 858 078Jacking equipment 320 000 – – –Tools 234 469 – – –Motor vehicle 1 681 471 52 451 1 067 471 52 4517 823 531 5 873 625 6 533 081 5 873 62520.7 Additions to intangible assetsSoftware purchased 801 652 345 375 801 652 345 375Software developed in-house 581 400 1 333 800 581 400 1 333 800Software under development 1 137 720 – 1 137 720 –2 520 772 1 679 175 2 520 772 1 679 17520.8 LoansLoans to SME’s 15 026 586 6 826 124 19 516 586 6 826 124Loans to Micro Finance intermediaries 14 423 847 5 579 119 14 423 847 5 579 119Capital repaymentsFrom SME’s (4 309 345) (2 033 759) (4 550 783) (2 033 759)Loans to Micro Finance intermediaries (2 070 127) (2 053 975) (2 070 127) (2 053 975)23 070 961 8 317 509 27 319 523 8 317 509Umsobomvu Youth Fund 2006 Financial Statements73