ECIC AR 2024 9TH

E

D

H

S

I

L I

N

B

2

0

A

0

T

S

1

E

Integrated Report 2024

E X P O R T C R E

L T D

O C

A S

C

R I

D I

F

T

A

I

N

H

S

T

U

U

R

O

A

S

N

F

C

O

E

N

C

O

O

I

R

T

P

A

O

R

Reconciliation of the IMU liability account Table 3: Reconciliation of the IMU liability account

2017 March

2018 March

2019 March

2020 March

2021 March

2022 March

2023 March

2024 March

Total

R’000

R’000

R’000

R’000

R’000

R’000

R’000

R’000

R’000

Opening IMU liability

1 633 022

1 172 883 1 257 288 1 181 056

–

749 802

564 706

516 072

-

Expenses

2 032 445

38 904

101 527

(34 704)

64 375

(39 489)

10 781

55 386 2 229 225

Payments

(328 494) (319 230) (281 623) (284 427) (322 185) (130 487)

(179 656)

(159 517) (2 005 619)

Foreign exchange (gains)/losses Closing IMU liability IMU cash flow transactions IMU grant receipts from the dtic IMU claims paid to the financial institutions IMU surplus/ (shortfall) before tax Cumulative IMU surplus / Tax on IMU grants received Tax on foreign exchange movements Additional tax receipts/ (payments) as a result of the IMU Total IMU shortfall for the period (after tax) Cumulative IMU surplus / (shortfall) (shortfall) before tax

(70 929) (179 813)

264 501

242 899 (173 444)

(15 119)

120 241

32 156

220 491

1 633 022

1 172 883

1 257

288 1 181 056

749 802

564 706

516 072

444 097

444 097

–

188 272

183 248

233 511

162 710

208 078

150 000

155 505 1 281 324

(328 494) (319 230) (281 623) (284 427) (322 185)

(130 487)

(179 656) (159 517) (2 005 619)

(328 494) (130 958)

(98 375)

(50 916) (159 475)

77 591

(29 656)

(4 012)

724 295)

(328 494) (459 452) (557 827) (608 743) (768 218) (690 627) (720 283) (724 295)

(724 295)

–

(52 716)

(51 309)

(65 383)

(45 559)

–

–

(214 967)

(19 860)

(50 348)

74 060

68 012

(48 564)

(4 233)

33 667

8 682

61 416

(19 860) (103 064)

22 751

2 629

(94 123)

(4 233)

33 667

8 682

(153 552)

(348 354) (234 022)

(75 624)

(48 287) (253 598)

73 357

4 012

4 670

(877 846)

(348 354) (582 376) (658 000) (706 287) (959 886) (886 528) (882 516) (877 846)

(877 846)

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