DID ANNUAL REPORT 2022 23

Annual Report 2022-2023

GAUTENG DEPARTMENT OF INFRASTRUCTURE DEVELOPMENT VOTE 15

15. Net cash flow available from operating activities NOTES TO THE ANNUAL FINANCIAL STATEMENTS for the year ended 31 March 2023

2022/23

2021/22

Note

R’000

R’000

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

148 473 (38 452) 18 926 20 201 (11 378) 38 477 (104 596) (110 021) (82)

89 504

(205 182) (15 427)

(Increase)/decrease in receivables

(Increase)/decrease in prepayments and advances

-

Increase/(decrease) in payables - current Proceeds from sale of capital assets

(42 298)

-

Expenditure on capital assets Surrenders to revenue fund Net cash flow generating

39 567

(187 024) (115 678)

The increase and decrease in the working capital speak to cash inflow and cash outflow. The cash inflow on receivables is due to funds received in relation to staff debts and client Department. Cash inflow in payables relate to late transfer of funds by the client Departments to the Department. Proceeds from sale of capital assets related to 14 properties that were sold through public auction and received R11,3 million.. 16. Reconciliation of cash and cash equivalents for cash flow purposes 2022/23 2021/22 Note R’000 R’000 Consolidated Paymaster General account 145 029 62 086 Cash on hand 22 27 Total 145 051 62 113 Included in the Department PMG account is R113 million relating to surrenders, R25 million relating to unpaid invoices on behalf of the client Departments, R4 million revenue collected in March, but payable in April 2023 and R3 million in relation to payment processed but not yet disbursed in the bank account. 17. Contingent liabilities and contingent assets 17.1 Contingent liabilities 2022/23 2021/22 Note R’000 R’000 Liable to Nature

Annex 3B Annex 5

Claims against the department

315 641

343 414

Intergovernmental payables (unconfirmed balances)

1 938

-

Total

317 579

343 414

Increase in the balance for contingent liabilities is due to claims made against the state for breach of contract that related to projects, in the year 2022/23 the Department managed to settle some of the claims.

Two matters to the value of R 91,422,240.10 were settled after year end.

213

DEPARTMENT OF INFRASTRUCTURE DEVELOPMENT