DID ANNUAL REPORT 2023_24

Annual Report 2023-2024

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 2024

2023/24

2022/23

Note

R’000

R’000

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

41 040 227 846

148 473 -38 452 18 926

(Increase)/decrease in receivables

636

(Increase)/decrease in prepayments and advances (Increase)/decrease in other current assets

41

-82

-

-

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

-21 383 -9 401 397 542 -139 589 268 886

20 201 -11 378 38 477 -104 596

Expenditure on capital assets Surrenders to Revenue Fund

Net cash flow generated by operating activities 110 021 16. Reconciliation of cash and cash equivalents for cash flow purposes

2023/24

2022/23

Note

R’000

R’000

Consolidated Paymaster General account

25 722

145 029

Cash on hand

32

22

Total

25 754

145 051

Included in the Department PMG account is R16,9 million relating to Voted funds to be surrendered to revenue fund, R3,1 million relating to unpaid invoices on behalf of the client Departments, R500 thousand in relation to payments processed but not yet disbursed in the bank account as at end of financial year and the difference for revenue collected in March 2024 and will be paid in April 2024. 17. Contingent liabilities and contingent assets 17.1 Contingent liabilities 2023/24 2022/23 Note R’000 R’000 Liable to Nature

Annex 3B Annex 5

Claims against the department

583 669

315 641

Intergovernmental payables

21

8 201

Total

583 960

323 842

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 2023/24 the Department managed to settle some of the claims.

201

DEPARTMENT OF INFRASTRUCTURE DEVELOPMENT