The sports body’s latest audited financial statements for the year ending December 31 2019‚ which are to be discussed at a special general meeting next month‚ showed an accumulated reserve of just more than R8m when the clock ticked over into 2020.
Total earnings slipped from R43.7m in 2018 to 32.1m last year. Income from SABC‚ one of the traditional staples of ASA revenue‚ dropped to R3.3m in 2019 from just more than R14m the year before. ASA received R6.64m from membership income‚ up from R4.8m in 2018‚ but it’s Lotto sponsorship went down slightly to R8.8m from R9.1m.The collapse of the Liquid Telecom sponsorship deal might have been a factor.
Isn't it because we paid for running Licences that we didn't utilize all year?
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