COGTA ANNUAL REPORT 2020

NOTES TO THE ANNUAL FINANCIAL STATEMENTS for the year ended 31 March 2020 • vote no. 7 13. Net cash flow available from operating activities

2019/20

2018/19

R’000

R’000

Net surplus as per Statement of Financial Performance Add back non cash/cash movements not deemed operating activities

66 909

32 271

(29 315)

(39 516)

Increase/decrease in receivables

(16)

65

Increase/(decrease) in payables – current

55

(207) 7 201

Expenditure on capital assets Surrenders to Revenue Fund

2 922

(32 276)

(46 575)

Net cash flow generated by operating activities (7 245) 14. Reconciliation of cash and cash equivalents for cash flow purposes 37 594

2019/20

2018/19

R’000

R’000

Consolidated Paymaster General account

66 100 66 100

31 486 31 486

Total

15. Contingent liabilities and contingent assets 15.1 Contingent liabilities 2019/20

2018/19

R’000

R’000

Liable to

Nature

Housing loan guarantees

Employees

21 21

21 21

Total

The housing guarantee relates to the guarantee issued by the Department for staff members to commercial banks. However, the relevant house(s) were since paid-off, however the Department is struggling to get release letters from the relevant bank. All guarantees relate to houses bought during the period when state guarantees were applicable.

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 2019/20 160