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 Notes to the Financial Statements

Figures in Rand thousand

Note(s) 2023/2024

2022/2023

2.

Departmental revenue (continued)

2.4 Sales of capital assets Tangible assets Machinery and equipment

164

36

2.5 Transactions in financial assets and liabilities Receivables Other receipts including recoverable revenue

3

3

371 374

3,822 3,825

Total

2

Other receipts are amounts related to previous financial expenditure as well as debt amounts recoverable through PERSAL deductions. 3. Compensation of employees 3.1 Salaries and wages Basic salary 107,851 99,638 Performance award - 85 Service based 149 76 Compensative/circumstantial 3,410 1,901 Other non-pensionable allowances 22,548 25,564 Total 133,958 127,264 Other Non-pensionable allowances includes subsidized vehicles,service bonuses and housing allowance. 3.2 Social contributions Employer contributions Pension 13,967 12,907

Medical

8,454

7,797

Bargaining council

26

23

Insurance

361

443

Total

22,808

21,170

Total compensation of employees

156,766

148,434

Average number of employees

228

216

Included in the average number of employees are 11 Interns.

266

64