No material findings on performance reportPerformance reports submitted without material misstatements62,5% (5) 2019-20: 61,5% (8)50% (4) 2019-20: 30,8% (4)Transnet corrected material misstatements identified on its performancereport.We commend the following auditees for submitting performance reports that are without material misstatements: AirportsCompany South Africa, Armaments Corporation of South Africa, Development Bank of Southern Africa and South AfricanForestry Company.Financially unqualified financial statementsFinancial statements submitted without material misstatements62,5% (5) 2019-20: 46,2% (6)25% (2) 2019-20: 23,1% (3)Transnet and the South African Broadcasting Corporationwere qualified on completeness of irregular expenditure disclosed.The Armaments Corporation of South Africa, CentralEnergy Fund and South African Forestry Company submittedfinancialstatements that required material adjustments.No material findings on compliance withlegislationAuditees with no material findings oncompliance with supplychain management legislation12,5% (1) 2019-20: 15,4% (2)62,5% (5) 2019-20: 53,8% (7)Areas of non-complianceAuditeePrevention of irregular, and fruitless and wasteful expenditure (6)Airports Company South Africa, Central EnergyFund, South African Broadcasting Corporation, SouthAfrican Forestry Company, South African NuclearEnergy Corporation,TransnetInadequate consequence management (4)Central Energy Fund, South African BroadcastingCorporation, South African Nuclear EnergyCorporation,TransnetSupply chain management (3)Central Energy Fund, South African Nuclear EnergyCorporation,TransnetDevelopment Bank of Southern Africa did not havematerialfindings on compliance with legislation.We commend the following auditees for no materialfindings on compliance with supply chain management legislation:Airports Company South Africa, Armaments Corporation of South Africa, Development Bank of Southern Africa, SouthAfrican Broadcasting Corporation and South African Forestry Company.Irregular expenditureR15 459,10 m(R613,60 m includedfor audits outstanding)2019-20:R76 638,23 m*Closing balanceR115 544,23 m(R6 125,35 m includedfor audits outstanding)2019-20:R144 750,73 mTop three contributorsTransnetR14 139 mSouth African Post OfficeR383,15 mAirports Company South AfricaR280,19 m* The 2019-20figures include a R16 960 millionadjustment relating toTransnet that wasidentified in the current year but wasincurred in the previous year.