SFM Report_21.9.2021

WESSA SFM REPORT

WESSA GROUP RESULTS

The table below shows the WESSA GROUP results but gives a clearer reflection of the distinction between WESSA and the Wildlife Marketing Services performance. WESSA posted a surplus of R844 123 and WMS posted a deficit of R768 606. Cancellations and postponements of bookings due to Covid cases in the first quarter contributed to the loss in WMS. The WESSA GROUP posted a surplus of R75 517 and was able to reach only 10% of the GROUP budget.

Financial analysis for the month ended 26 AUG 2021

GROUP RESULTS

WESSA

WMS

TOTAL GROUP YTD

Actual R'000

Budget

Var

Actual R'000

Budget

Var

Actual R'000

Budget

Var

R'000

R'000

R'000

R'000

R'000

R'000

Income

6,792,505

7,332,032

(539,527)

1,529,212

2,471,939

(942,727)

8,321,717

9,803,971

(1,482,254)

Expenditure

(5,948,382)

(7,014,107)

1,065,725

(2,297,818)

(2,033,516)

(264,302)

(8,246,200)

(9,047,623)

801,423

Surplus/(Loss)

844,123

317,925

526,198

(768,606)

438,423

1,207,029

75,517

756,348

(680,831)

BUSH PIGS RESULTS

Bush Pigs made a loss of R92 613 year-to-date. Only 7% of budgeted income was realised, the main reason for this was the rising numbers in Covid cases in the first quarter of the financial year and bans on school camps, resulting in a significant reduction of bookings. However, as income decreased so did actual expenditure compared to what was budgeted, only 16% of expenditure was incurred. A slight improvement in bookings has been noted after the reporting date.

BUSH PIGS YTD

Actual R'000

Budget

Var

R'000

R'000

Income

70,435

1,025,000

(954,565)

Expenditure

(163,048) (92,613)

(997,580)

834,532

Surplus/(Loss)

27,420

(120,033)