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

11. Voted funds to be surrendered to the Revenue Fund (continued) 11.1 Reconciliation of unspent conditional grants Total conditional grants received

1.2

3,816 (3,816)

4,599 (4,599)

Total conditional grants spent

Unspent conditional grants to be surrendered

-

-

12. Departmental revenue and NRF Receipts to be surrendered to the Revenue Fund Opening balance

49,297 859,320 (908,568)

36,005 586,230 (572,938)

Transferred from statement of financial performance (as restated)

Paid during the year Closing balance

49

49,297

13. Net cash flow available from operating activities Net surplus as per Statement of Financial Performance

880,090

598,336

Add back non cash/ cash movements not deemed operating activities (Increase)/ decrease in receivables

7

(60)

(Increase)/ decrease in prepayments and advances

-

(3)

Proceeds from sale of capital assets Expenditure on capital assets Surrenders to Revenue Fund

(164)

(36)

425,895 (920,674) 385,154

531,185 (587,028) 542,394

Net cash flow generated by operating activities

14. Reconciliation of cash and cash equivalents for cash flow purposes Consolidated paymaster general account

28,857 (8,245) 20,612

61,772

Disbursements

(598)

Total

61,174

271

69