HSRC Integrated Annual Report 2018/2019

120 / HSRC INTEGRATED ANNUAL REPORT 2018/19 PART E: ANNUAL FINANCIAL STATEMENTS 2019 March 2018 March R’000 R’000 15 Other Operating Revenue Cafeteria income 729 1 569 Insurance claims: Recoveries 562 1 854 Interest received 7 707 9 138 Sale of assets 40 462 Publication sales 715 1 395 Rental income and recoveries 28 593 25 968 Royalties received 717 896 Skills development levy 863 745 Sundry income 1 784 2 128 41 710 44 155 16 Administrative Expenses Annual license fees, library manuscripts and subscriptions (12 653) (13 197) Audit fees (4 720) (4 502) - External audit (3 649) (2 532) - Internal audit (661) (1 541) - Other audits (410) (429) Bank costs, stamp duty, excise duties (419) (572) Outsourced services and systems support (4 339) (4 707) Consumable goods (2 914) (4 541) Insurance (2 122) (2 330) Net foreign exchange gain/(loss) 355 (820) Postal, telecom and delivery fees (10 360) (10 828) Printing and photocopying (3 416) (3 708) Publicity functions and conferences (677) (1 909) Sundry operating expenses (1 772) (988) Travel and subsistence (3 954) (3 861) (46 991) (51 963) 17 Research Costs Direct labour expense (18 960) (49 301) Direct research cost (75 127) (125 776) (94 087) (175 077) NOTES TO THE ANNUAL FINANCIAL STATEMENTS for the year ended 31 March 2019 (Continued)