Economic Development Annual Report

Annual Report 2023/2024 Mpumalanga: Department of Economic Development and Tourism - Vote 6

Department of Economic Development & Tourism (Vote number 6) Financial Statements for the year ended March 31, 2024

Statement of Financial Performance Figures in Rand thousand

Note(s) 2023/2024

2022/2023

Revenue Annual appropriation Departmental revenue

1 2

1,586,879

1,583,847

859,320

586,230

Total revenue

2,446,199

2,170,077

Expenditure Current expenditure Compensation of employees

3 4

156,766 79,316 236,082

148,434 75,246 223,680

Goods and services

Total current expenditure

Transfers and subsidies Transfers and subsidies

6

904,130

816,876

Expenditure for capital assets Tangible assets Payments for financial assets

7 5

425,895

531,185

2

-

Total expenditure Surplus for the year

1,566,109

1,571,741

880,090

598,336

Reconciliation of Net Surplus/(Deficit) for the year Voted funds Annual appropriation

20,770 20,770 859,320 880,090

12,106 12,106 586,230 598,336

Departmental revenue and NRF Receipts

12

Surplus for the year

256

54