HDA Annual Report

ANNUAL REPORT 2023/24 Statement of Financial Performance

31 March 2024

Restated 31 March 2023

Figures in R’000

Note(s)

Revenue

464 374

480 382

Revenue from non-exchange transactions

243 649 243 649

242 716 242 716

Transfer from controlling entity

12

Revenue from exchange transactions Provinces support conditional grant

220 725 131 800

237,666 165 907

12 13 14 15 16 17 18 19 20 21

Project management fees Fund management fees

52 399

50 874

2 494

4 067

Interest income Other income

24 184

11 487

9 848

5 331

Expenditure

463 803 202 403

379 755 141 860

Operating expenses Land and related costs

19 780 53 867

14 332 50 642

Technical and project services

Finance costs Employee costs

78

19

187 675

172 902

Other expenditure Deficit on disposal of property, plant and equipment

283 283

350 350

Total other expenditure

Surplus from grant funding

288

100 277

Surplus for the year

288

100 277

102