Contrary to the requirements of the SA Standards of GRAP, GRAP 23, revenue from non-exchange transactions which require that non-exchange revenue must be recognised when the present obligation was met, non-exchange revenue was not recognised although the present obligation in terms of the memorandum of understanding with the National Department of Arts and Culture was met. As indicated in note 27 to the financial statements, liabilities directly associated with the non-current assets held for transfer were not reduced in accordance with the requirements of GRAP 23. Had revenue been recognised, the liabilities associated with the non-current assets held for transfer would have been reduced byR4 792 822 (2010: R4 792 822), and accumulated surpluses would have been increased by the same amount.