GDID ANNUAL REPORT 2024/25

GAUTENG DEPARTMENT OF INFRASTRUCTURE DEVELOPMENT VOTE 15

NOTES TO THE ANNUAL FINANCIAL STATEMENTS

for the year ended 31 March 2025

2.2. Interest, dividends and rent on land.

2024/25

2023/24

Note

R’000

R’000

Interest

1 1

74 74

Total

2

The R1 thousand received was from interest from staff debts.

2.3 Sales of capital assets

2024/25

2023/24

Note

R’000

R’000

Tangible capital assets

20,421 20,421

9,401 9,401

Buildings and other fixed structures

Total

20,421

9,401

2

In the year 2024/25 the Department sold 6 (six) properties through public auction with a revenue of R20,4 million of which R12 million relates to a property that was illegally sold to a property developer. Compared to the previous financial year 5 properties were sold for an amount of R9,4 million.

2.4. Transactions in financial assets and liabilities

2024/25

2023/24

Note

R’000

R’000

Receivables

724 724

853 853

Total

2

Included in transactions in financial assets and liabilities is recoveries on previous year’s expenditure.

3.

Compensation of employees

3.1. Analysis of balance

2024/25

2023/24

Note

R’000

R’000

Basic salary

788,360

761,762

2

Performance award

342 656

145 658

Service based

Compensative/circumstantial

182,934

159,506

Periodic payments

2,859

3,070

PART

Other non-pensionable allowances

153,684

148,152

Total

1,128,835

1,073,293

An increase in Compensation of employees is due to implementation of wage agreements of 5,5% on levels 1 -12.

170

DEPARTMENT OF INFRASTRUCTURE DEVELOPMENT