HDA Annual Report

ANNUAL REPORT 2023/24 Notes to the Annual Financial Statements

Restated 2023

Figures in R’000

2024

5. Principal agent arrangement - HDA as Agent

The agency received funds from stakeholders for the purchase of land on their behalf.

596 144

492 045

HDA is party to Principal-Agent arrangements. The HDA has various funding agreements detailing project implementation protocols entered into with provincial governments, government entities and municipalities. The agency received funds from stakeholders for the purchase of land on their behalf. The agency purchased properties listed above. The funds were transferred to the trust bank accounts of the conveyancers before 31 March 2024. The conveyancer has started the process of registering the property in the name of the agency. Once the property has been registered (title deed), the funds will be paid to the respective seller upon registration of these properties.

6. Cash and cash equivalents

HDA

226 865

333 323

Projects* Petty cash

644 760 1 630 262

172

79

Total funds in the bank

871 797 1 963 664

*The HDA holds cash on behalf of provinces and municipalities as disclosed above. Cash held is based on commitments between the agency and its funders on agreed projects and operational plans. Amounts disclosed excludes payables as at 31 March 2024 in note 11 which still needs to be honoured.

7. Finance lease obligation

Lease photocopiers (Long-term Capital) Repayable within a year transferred to CL

1 459

- - - - - - - -

351

1 810 3 556 1 219 2 337 (1 746) 1 810

Not later than 1yr (pmts) More than 1yr (pmts)

Finance charges

-

-

PRESENT VALUE

Lease photocopiers (Long-term Capital)

181

-

- -

Not later than 1yr (pmts)

101

Finance charges

80

-

80

130