"The economic downturn inevitably impacted on the SABC's revenue, however it would be disingenuous to blame this alone for the results. The very public and sustained battles at a leadership level, for example, undoubtedly also contributed toward inadequate management of revenue and expenditure."
The SABC's annual report and audited financial statements ending 31 March 2009 were submitted to Parliament on Thursday.
Revenue increased 0.9% (from R4.705m in 2008 to R4.746m in 2009) while expenditure increased 19%.
Wasteful expenditure
According to the chief financial officer's statement in the report, other problems that negatively impacted on revenue included "schedule instability" and an increase in discounts offered to clients and agencies.
Charnley also noted the statements reflected a payment by the previous board of R6.7m to former chief executive officer Dali Mpofu.
