This report includes our report on the annual accounts together with our report on other legal and regulatory requirements. Eskom, south africas stateowned power company, is in an existential crisis. Eskom has signed powerpurchase agreements for 373mw with power producers, including sasol, sappi, ipsa and tangent, and has contracted with municipal generators in johannesburg and tshwane to deliver power into the grid. Eskom wraps up a report on its probe into allegations that a stepdaughter of acting ceo matshela koko benefited from contracts worth at least r1 billion.
Working from a rdollar exchange rate, that makes the possible annual social carbon cost of eskoms emissions. Foreword by the minister on behalf of the south african government and the management of the department of energy the department, i am pleased to present the annual report for the financialyear 201516. No of ip registered financial year 20112012 201220 202014 20142015 20152016 0 5 10 15 20 25 30. The draft eskom factor report is a detailed and comprehensive assessment which eskom has undertaken. Management assured the committee that remedial actions were being taken to ensure a clean audit is achieved in future. Committee, the board approved the integrated report and the consolidated annual financial statements on 31 may 2019. The board approved the 2015 integrated report, together with the annual financial statements and. Difference between electricity available for distribution and electricity sold is due to energy losses.
The impact of the south african energy crisis on emissions. It should be read with the comprehensive supplementary report, mineral resources and reserves statement and the annual report of the exxaro chairmans fund and exxaro foundation on our website. When preparing this statement, we acknowledged the support. Eskom on its 201516 annual report and pressing matters pmg. Material events up to the date of approval have been included. Eskom secretly conducted a nationwide blackout simulation this past week to test how its systems would handle a total loss of power. Our findings make it increasingly clear how a prosperous, resilient, and sustainable energy future is on the horizon. This is according to a report in the city press the report. Annual report 201516 department of energy 2 general information part a 1. This report uses wwfsas renewable energy vision report for 2030 2014 as a starting point to test the technical and cost technoeconomic feasibility and merits of the scenarios that the vision report proposes. Annual financial statements interim integrated results for 2015 including the.
African exploration mining and finance corporation soc. Department, i am pleased to present the annual report for the financial year 201516. Eskom holdings soc limited integrated report 2014 pdf. The decline in eskoms profitability since 200607 has occurred despite the significant and sustained increase in revenue. Our integrated annual report 2016 tells the story of harmony gold mining company limited harmony for our 2016 financial year fy16, from 1 july 2015 to 30 june 2016. Performance rewards complete personnel expenditure in rand value table 23. Between 200607 and 201516, eskoms revenues grew by an annual average of 9.
A key driver of the difference in earnings between the two years was the loss reported for the 2015 year by field fresh tasmania, which was sold on 30 june 2015. Personnel cost by salary band human resource oversight statistics the human resources data management system was successfully implemented in. We engage with customers to educate them on energy efficiency, safety, free basic. Eskom annual report, eskom holdings li mited, 2006. Eskom yesterday admitted for the first time that it paid almost half a billion rand to guptalinked consultancy firm trillian. A limited number of hard copies of the integrated report and annual financial statements are available and may be requested. The keycare index was not reported in 2008 due to difficulties in obtaining credible data as a result of load shedding. The integrated report 2015 is the companys primary report to all stakeholders. Eskom on its 201516 annual report and pressing matters. Annual financial statements for the period ended 31 march 2015 1 statement of financial position at 31 march 2015 notes 2015 r000 2014 r000 assets noncurrent assets property and equipment 3 201 424 190 864 intangible assets 4 3 579 4 363 heritage assets 25 17 567 current assets 273 026 242 040 inventories 5 5 5. Our group annual financial statements are available online at. Eskom holdings limited eskom provides energy and related services, including the generation, transmission, distribution and supply of electricity. Notice of the annual general meeting, form of proxy.
While implementing this strategy is critical to ensure the longterm sustainability of the generating assets, it has inevitably created more pressure. Eskom was a net exporter of electricity this year by 3 762gwh 2015. Prior to the establishment of eskom the provision of electricity was dominated by municipalities and private companies. More than a decade of mismanagement, governance failure, spiralling costs, and the accumulation of unmanageable debt has put eskom into a death spiral. Eskom currently generates approximately 95% of the electricity used in south africa. Based on the condition assessments and documentationrecords received from eskom transmission for each substation, the summary of findings detailed findings are available in the individual reports prepared for each substation for all the. These annual accounts comprise the balance sheet as at 31 december 2015 and the income statement for the year then ended, as well as the summary of accounting policies and other disclosures.
Annual report 2015 of the board of directors and of the statutory auditor to be presented at the annual general meeting on 3rd june 2016 company authorised by royal decrees of 20. Among matters discussed was the qualified audit that the company received. Annual report 2015 16 department of energy 2 general information part a 1. The two scenarios in the vision report are referred to as the wwf high and wwf low scenario. Annual report auditorgeneral reports a progressive, marginal threeyear improvement in national and provincial government audit results cape town the auditorgeneral ag, kimi makwetu, today reported a slight improvement in the audit results of national and provincial governments over the past three years. Consolidated financial statements of the nestle group 2015 59 principal exchange rates chf per 2015 2014 2015 2014 year ending rates weighted average annual rates 1 us dollar usd 0. The eskom pension and provident fund eppf is a defined benefit pension fund that is registered as a selfadministered pension fund in terms of the pension funds act, 1956 and approved as a pension fund in terms of the income tax act, 1962. Certain comparative historical information is presented where relevant and to provide insight into our future plans. Eskom took out a number of loans to construct the additional capacity and significantly increased electrical tariffs by an average of 22% a year between 2007 and 2015 to in an attempt to offset costs. Their unmodified audit report on the annual financial statements, prepared in terms of the public audit act of south africa, act no 25 of 2004 paa, appears on pages 4 to 7. Mineral resources and mineral reserves report 2018. Our integrated report should be read in conjunction with our full set of group annual financial statements for a comprehensive overview of our financial performance. The city of kimberley was one of the first users of public electricity when it installed electric streetlights in 1882 to reduce crime at night 5 this was followed by cape town in 1895 with the construction of the graaff electric lighting works to power 775 street lights. Agree we use cookies to improve our site and to analyze traffic.
The purpose of this report is to give parliament and the public an overview of the resources allocated to the department and to account for the use of those resources in. The purpose of this report is to give parliament and the public an overview of the resources allocated to the department and to account for the use of those resources in fulfilling our mandate and the delivery of services. Free state, limpopo, mpumalanga, western cape, northern cape, north west and the kzn. No weighting was applied to the ratings and every plant and equipment was treated equally. Used by eskom for pumped storage facilities and synchronous condenser mode of operation. Eskom holdings soc limited integrated report 2014 pdf downloads, online report developed by overend outsource. We encourage you, as one of our interested stakeholders, to share your views on our report, our performance and our strategic roadmap for delivering value1. Annual report for the year ended 31 march 2015 chairpersons overview 1. What is the possibility of awarding free electricity to indigent people. And thats just the climate costs nersa hearing, 30 october 2017, re eskoms revenue application for 201819. The reliable provision of electricity by eskom is thus critical for industrial development, related employment and sustainable development in south africa. This annual report provides a deeper look at how jisea advanced our understanding of these interconnected energy systems in 2017. During 2014 eskom performed more planned maintenance than normal as a result of implementing the generation sustainability strategy refer to page 114, which deals with maintenance in further detail.
Our findings are based on publicly available information, predominantly annual reports, for financial years ending no later than 30 june 2015. The purpose of this report is to give parliament and the public an. Eskom briefing on its 2015 16 annual report dr ben ngubane, chairperson. Pdf the impact of the south african energy crisis on. Ahead of eskoms financial statements for the 2017 financial year being released, we look back at the power utilitys financial performance over the past 15 years.
It generates more than 90 per cent of south africas electricity, controls the entire national high voltage transmission grid, and distributes around half of electricity directly to consumers, with the remainder going to municipalities. Department, i am pleased to present the annual report for the financial year 2015 16. Volume 2 the annual financial statements 2015 include reports of the independent auditors and 2015directors. The nine heavy construction companies included in this report are the same as for the prior year. Pdf the impact of the south african energy crisis on emissions. Volume 3 the sustainability report 2015 documents transnets sustainability performance. Supply chain systems power systems human systems ecosystems industrial systems economic prosperity. The internal audit activities are in accordance with the preapproved internal audit plan. Releasing this years audit outcomes of national and provincial government departments and public entities auditees, makwetu said he had observed that management at most auditees 73% have been slow to respond to the audit recommendations aimed at assisting them to improve key controls and addressing identified risk areas. Annual report auditorgeneral reports a progressive, marginal threeyear improvement in national and provincial government audit results cape town the auditorgeneral ag, kimi makwetu, today reported a slight improvement in the audit results of national and. The eskom management team finally presented the eskom 201617 annual report.
We are pleased to present our integrated results for the year ended 31 march 2019. Eskom briefing on its 201516 annual report dr ben ngubane, chairperson. Eskom well on way to financial sustainability eskom. Problems at eskom have regional reverberations because it is the continents largest utility and trades power with seven countries. The reliable provision of electricity by eskom is thus critical for industrial development, related employment and sustainable development in. A limited number of hard copies of the integrated report and annual financial statements are. The two scenarios in the vision report are referred to.
By clicking agree, closing this message or continuing to use this site, we consider that you agree to our use of cookies in accordance with our cookie notice. It is a great privilege for me to once again present to you, the eskom pension and provident funds annual report for the financial year ended 30 june 2015. Provides an overview of our governance, strategy and performance. Eskom annual financial report 2017 eskom is dominant in the power sector. Free funds from operations ffo as a % of gross debt. Eskom was first bailed out in 2015, but more bailouts are now planned for 201922, with costs reaching 2.
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