CTFA Annual Report 2020

NOTES TO THE FINANCIAL STATEMENTS FIGURES IN R 2020 2019 17. Finance income Finance income comprises Investment income 461,374 511,198 Dividends received - Investment - 4,751 Interest received - Investment - 40,226 Total finance income 461,374 556,175 18. Income taxation expense No provision has been made for the 2020 year. The association is exempt from tax on the types of income generated during the year due to its status as a Voluntary Association incorporated under Common Law and its tax exemption in terms of Section 30 of the Income Tax Act. ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 21