SA accounting facts as at end of April 2009

Real value unknowingly destroyed by SA accountants in Retained Earnings remaining in SA companies from Jan 1981 to Apr 2009

93.1%

Real value unknowingly destroyed by SA accountants in Shareholders´ Equity of SA companies with no variable real value non-monetary items to revalue with equivalent entries in Revaluation Reserve from Jan 1981 to Apr 2009

93.1%

Real value unknowingly destroyed by SA accountants in Retained Earnings remaining in SA companies from Apr 1994 to Apr 2009

61.8%

Real value unknowingly destroyed by SA accountants in Shareholders´ Equity of SA companies with no variable real value non-monetary items to revalue with equivalent entries in Revaluation Reserve from Apr 1994 to Apr 2009

61.8%


Cumulative inflation since Jan 1981: 1 354.8%

Cumulative inflation since Apr 1994: 161.6%

Annual inflation: 8.4%

Source of base data: Statistics South Africa