COGTA ANNUAL REPORT 2020

NOTES TO THE ANNUAL FINANCIAL STATEMENTS for the year ended 31 March 2020 • vote no. 7

Revenue is derived from commissions for collection of funds from the payroll on behalf of third parties, interest on staff debts and staff parking. However, since the tragic event of the fire at Bank of Lisbon building. Staff parking is no longer collected until new office accommodation is secured.

2.2 Sales of goods and services other than capital assets

2019/20

2018/19

R’000

R’000

Sales of goods and services produced by the Department

251

289

Sales by market establishment

251 251

289 289

Total

The sales of goods and services other than the capital assets include parking fees and commissions on collection of funds on behalf of third parties from the payroll.

2.3 Interest, dividends and rent on land

2019/20

2018/19

R’000

R’000

Interest

115 115

- -

Total

2.4 Transactions in financial assets and liabilities

2019/20

2018/19

R’000

R’000

Receivables

42 42

118 118

Total

Transaction in financial assets is mainly debt recovered from owing staff members.

G A U T E N G P R O V I N C I A L G O V E R N M E N T I C O- O P E R A T I V E G O V E R N A N C E A N D T R A D I T I O N A L A F F A I R S ANNUAL REPORT 2019/20 150