DID ANNUAL REPORT 2023_24

Annual Report 2023-2024

GAUTENG DEPARTMENT OF INFRASTRUCTURE DEVELOPMENT VOTE 15

NOTES TO THE ANNUAL FINANCIAL STATEMENTS for the year ended 31 March 2024

2. Departmental revenue

2023/24

2022/23

Note

R’000

R’000

Tax revenue

-

Sales of goods and services other than capital assets

13 744

16 537

2.1 2.2 2.3 2.4

Interest, dividends and rent on land

74

271

Sales of capital assets

9 401

11 378

Transactions in financial assets and liabilities

853

7 534

Total revenue collected

24 072

35 720

Less: Own revenue included in appropriation

-

-

Total

24 072

35 720

Revenue from sale of goods and services consist of rental from dwellings, non-res building and parking collection. An overall decrease in revenue collection was due to less revenue collected from Property public auctions and sale of goods and services. The R7,5 million, transactions in financial assets and liabilities from the year 2022/23 relates to collection

from the Department of Community and in the current year recovery was less. 2.1 Sales of goods and services other than capital assets

2023/24

2022/23

Note

R’000

R’000

Sales of goods and services produced by the department

13,744 12,924

16,537 15,735

Sales by market establishment

Other sales

820

802

Total

13,744

16,537

2

The Department has under collected in the current year on sale of goods and services due to inability of the tenants to afford rentals. Although letters of demand were issued to residential tenants the Department managed to collect R1 million from 170 residential tenants. Commercial tenants have the potential to reach annual revenue targets since the Department collected 67% of the revenue target. Other revenue consists of revenue from staff boarding and commission received from Garnishee orders. 2.2 Interest, dividends and rent on land 2021/23 2022/23 Note R’000 R’000 Interest 74 271 Total 2 74 271 The R271 thousand from previous financial year related to servitude lines whereas in the current financial year the R74 thousand relates interest charged on staff debts. 2.3 Sales of capital assets 2023/24 2022/23 Note R’000 R’000 Tangible capital assets 9 401 11 378 Buildings and other fixed structures 9 401 11 378

Total

9 401

11 378

2

In the year 2023/24 the Department sold 5 properties through public auction with a revenue of R9,4 million, whereas in the previous financial year 14 properties were sold for an amount of R11 million.

189

DEPARTMENT OF INFRASTRUCTURE DEVELOPMENT