Department of Infrastructure Development Annual Report 2021-2022

NOTES TO THE ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

21. Accrued departmental revenue

Note

2021/22

2020/21

R’000

R’000

Sales of goods and services other than capital assets

92 874

76 691

Sales of capital assets

2 364

-

Total

95 238

76 691

Accrued departmental revenue indicate that property debtors are not up to date with their payments and were impaired in line with Department policy.

21.1

Analysis of accrued departmental revenue

Note

2021/22

2020/21

R’000

R’000

Opening balance

76 691

60 950

Less: amounts received

(9 548)

(8 311)

Add: amounts recorded

25 731

24 052

Sales of capital assets

2 364

-

Closing balance

95 238

76 691

21.2 Impairment of accrued departmental revenue

Note

2021/22

2020/21

R’000

R’000

Estimate of impairment of accrued departmental revenue

78 381

65 948

Total

78 381

65 948

Impairment of accrued departmental revenue emanates from the current debts register relating to properties leased out. This indicates that most tenants are struggling to meet the debt obligations hence the increase in impairment.

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DEPARTMENT OF INFRASTRUCTURE DEVELOPMENT