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

26. Provisions

2024/25

2023/24

Note R’000

R’000

Project provisions

1,743

5,913

Reclassified Contingent Liabilities

14,987 16,730

14,191 20,104

Total

Significant decrease in project provisions emanates from reclassification and movements of provisions on capital projects of which upon completion of these projects’ amounts were released and some of the projects were cancelled. Litigation provisions are classified as provisions as possibilities of succeeding in the court room are minimal.

26.1. Reconciliation of movement in provisions - Current year

2024/25

Total provisions

Provision 1 Provision 2 Provision 3

R’000

R’000

R’000

R’000

Opening balance Increase in provision Settlement of provision

20,104 1,044 -3,000 -1,418 16,730

- - - - -

- - - -

20,104 -1,044 -3,000 -1,418 16,730

Cancelled projects Closing balance

Reconciliation of movement in provisions - Prior year

2023/24

Total provisions

Provision 1 Provision 2 Provision 3

R’000

R’000

R’000

R’000

Opening balance Increase in provision Closing balance

4,903

- - -

- - -

4,903

15,201 20,104

15,201 20,104

PART

191

DEPARTMENT OF INFRASTRUCTURE DEVELOPMENT