HDA Annual Report

ANNUAL REPORT 2023/24

Notes to the Annual Financial Statements

Restated 2023

Figures in R’000

2024

8. Operating Leases-Lessor

Rental Income This represents future minimum property lease receipts. Rentals are increased each year by a percentage equal to the percentage change in Consumer Price Index (CPI). Future rentals where based on 4.6% CPI escalation rate.

3 379 2 268 1 111

3 324 1 606 1 718

Not later than 1 year

Later than 1 year but not later than 5 years

9. Commitments

1 587 249 1 445 885

Operational Expenditure: Purchase Orders for multi-year contracts Capex Expenditure: Purchase Orders for multi-year contracts

58 343

13 962

1 528 906

1 431 923

An increase is mainly driven by increase in business from the EC, some of the projects were concluded in the current financial year.

Rapid Land Release programme This relates to commitments by the agency where the agency is appointed to facilitate the purchasing and administration of properties of behalf of stakeholders. In cases where the Agency is appointed to facilitate the transferring of the service stands in the names of the beneficiaries, the Agency discloses this commitment until all its obligations of transferring the service stands in the names of the beneficiaries is complete.

Project Description

Project description

March 2024

March 2023

Number of stands in the process of registration

Number of stands registered to date

Number of stands registered to date

Number of stands in a process of registration

Total Number of Stands

1 392

118

774

500

892

Palm Ridge Ext 14, 15, 16, 17, 34 and 35

548 342 495

-

-

- - -

- - -

Palm Ridge 38

103

239 495

Westonaria

-

Elijah Barayi Village

221

1 508

500

2 777

892

131