HDA Annual Report

ANNUAL REPORT 2023/24

Notes to the Annual Financial Statements

Restated 2023

Figures in R’000

2024

2. Intangible assets

2023 Carrying value

2024 Carrying value

Accumulated amortisation

Accumulated amortisation

Cost

Cost

Computer software and licences

1 378 1 378

(1 124) (1 124)

254 254

1 107 1 107

(389) (389)

718 718

The carrying amounts of intangible assets can be reconciled as follows for the financial year ended 31 March 2024:

Carrying value at beginning of

2024 Carrying value at end of year

year Additions Amortisation Disposals

718 718

271 271

(735) (735)

254 254

- -

Computer software and licences

The carrying amounts of intangible assets can be reconciled as follows for the financial year ended 31 March 2023:

Carrying value at beginning of

2023 Carrying value at end of year

year Additions Amortisation Disposals

- -

1 107 1 107

(389) (389)

- -

718 718

Computer software

3. Receivables from exchange transactions

Receivables Staff debtors

61 063

14 182

2 367 4 419

2 430 5 227

Prepaid expenses Project receivables Other receivables

168 921 121 753

65 988 85 807

Rental deposits

967

500

Receivables - Properties from exchange transactions

-

106 593 (4 070) 276 657

Provision: Impairment

(60 401) 299 089

Provision: Impairment

Opening balance

4 070

4 070

Increase in the provision

56 331 60 401

-

Closing Balance of the provision

4 070

127