DID ANNUAL REPORT 2022 23

Annual Report 2022-2023

GAUTENG DEPARTMENT OF INFRASTRUCTURE DEVELOPMENT VOTE 15

NOTES TO THE ANNUAL FINANCIAL STATEMENTS for the year ended 31 March 2023

26. Provisions

2022/23

2021/22

Note

R’000

R’000

Project retention

4 903

4 533

Total

4 903

4 533

Retention amount relating to capital projects of which upon completion of these projects these amounts will be released.

26.1 Reconciliation of movement in provisions - Current year

2022/23

Provision 1

Provision 2

Provision 3

Total provisions

R’000

R’000

R’000

R’000

Opening balance Increase in provision Closing balance

- - -

4 533

- - -

4 533

370

370

4 903

4 903

Reconciliation of movement in provisions - Prior year

2021/22

Provision 1

Provision 2

Provision 3

Total provisions

R’000

R’000

R’000

R’000

Opening balance Increase in provision Closing balance

- - -

3 446 1 087 4 533

- - -

3 446 1 087 4 533

221

DEPARTMENT OF INFRASTRUCTURE DEVELOPMENT