106 / 172
104
HSRC Annual Report 2016/17
PART E: Annual Financial Statements
Statement of
Financial Performance
for the year ended 31 March 2017
Note(s)
2017
R ‘000
2016
R ‘000
Revenue
459,595
4 69,138
Research revenue (from exchange transactions)
14.1
164,070
159,643
Parliamentary grants (from non-exchange transactions)
14.2
254,517
270,611
Other operating revenue
15
41,008
38,884
Expenses
(479,238)
(437,593)
Administrative expenses
16
(52,111)
(48,374)
Research cost
17
(110,228)
(114,845)
Staff cost
18
(270,928)
(236,986)
Other operating expenses
19
(32,968)
(29,174)
Finance cost
20
(1,750)
(1,218)
Depreciation, amortisation and impairment expense
21
(11,253)
(6,996)
(Deficit)/Surplus for the year
13
(19,643)
31,545