HDA Annual Report

ANNUAL REPORT 2023/24

Accounting Policies Market risk The HDA applies risk mitigation through avoidance, reduction, transference, and acceptance. •

The HDA accounts for the following transactions as an Agent:

Properties held on behalf of others

Properties held on behalf of others are properties that the Agency does not have control over in terms of GRAP18, these properties are only disclosed in the financial statements and not recognised by the HDA.

Cash and cash equivalent: Principal funds

The government entities and municipalities transfer cash and cash equivalents to HDA for the purchase of properties on their behalf. The HDA accounts for the Cash and cash equivalents in terms of GRAP 104 (Financial Instruments). provincial governments,

Project payables: Principal Payables

HDA recognise payables for all the funds that are being held on behalf of provincial governments, government entities and municipalities for purchase of properties. The HDA accounts for the Principal Payables in terms of GRAP 104 (Financial Instruments).

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