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

22. Accrued departmental revenue

2023/24

2022/23

Note

R’000

R’000

Tax revenue

-

-

Sales of goods and services other than capital assets

117 944 117 944

100 783 100 783

Total

An increase on accrued departmental revenue is because of most of the tenants are struggling to pay their rentals due to their own economic challenges such as unemployment and added responsibilities. 22.1 Analysis of accrued departmental revenue

2023/24

2022/23

Note

R’000

R’000

Opening balance

100 783

94 088 10 487 26 617 7 071 -2 364 100 783

Less: amounts received Add: amounts recorded

9 135

26 296

Less: amounts written off/reversed as irrecoverable

- -

Other (Specify) Closing balance

117 944

22.2 Impairment of accrued departmental revenue

2023/24

2022/23

Note

R’000

R’000

Estimate of impairment of accrued departmental revenue

104 132

85 877

Total

104 132

85 877

Impairment of accrued departmental revenue emanates from the current debts register relating to properties leased out. This indicates that most tenants are struggling to meet the debt obligations hence the increase in impairment.

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DEPARTMENT OF INFRASTRUCTURE DEVELOPMENT