CGE ANNUAL REPORT

2022/23 ANNUAL REPORT

Financial Statements for the year ended 31 March 2023

Notes to the Financial Statements for the year ended 31 March 2023

Figures in Rand

2023

2022

25.

Commitments

Authorised capital expenditure Already contracted for but not provided for • Property, plant and equipment

818 537

1 194 879

• Intangible assets

-

814 362

818 537

2 009 241

Total capital commitments Already contracted for but not provided for

818 537

2 009 241

Authorised operational expenditure

Already contracted for but not provided for • Goods and services Total operational commitments Already contracted for but not provided for

12 689 572

9 185 479

12 689 572

9 185 479

Total commitments Total commitments Authorised capital expenditure Authorised operational expenditure

818 537

2 009 241 9 185 479 11 194 720

12 689 572 13 508 109

This committed expenditure relates to property, plant and equipment, intangible assets as well as goods and services and will be financed by available cash resources and retained surpluses.

Operating lease commitments Minimum lease payments due - within one year

589 261 593 572 The operating lease payments relates to rental of parking facilities for the Commission’s offices in Cape Town (6 parking bays), Polokwane (3 parking bays) and Head Office (23 parking bays). The lease in Western Cape parking bays is on a month to month basis and will be honoured until the Commission vacates these premises. Rental expenses relating to operating leases Minimum lease payments 587 878 557 397

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