HDA Annual Report

ANNUAL REPORT 2023/24 Notes to the Annual Financial Statements

Restated 2023

Figures in R’000

2024

9. Commitments (continued)

Palm Ridge Ext 14, 15, 16, 17, 34 and 35 • The beneficiary list from the Department was received in November 2021. • The Agency is unable to locate and trace some beneficiaries which delays the registration of the stands into their names which causes delays in the stands’ registration process. Palm Ridge 38 • The Agency has not received mandate from Provincial Department in Gauteng which causes the delay in the stand registration. Westonaria • The beneficiary list from the Provincial Department in Gauteng was received in November 2023. • The Agency is struggling to get hold of some of the beneficiaries which causes delays in the stands’ registration process. Elijah Barayi Village • The beneficiary list from the Provincial Department in Gauteng was received in November 2021. • The Agency is struggling to get hold of some of the beneficiaries which causes delays in the stands registration process. • Awaiting Section 53 SPLUMA certificate.

10. Payables from exchange transactions

Payables

18 365 12 009 22 352 63 574 596 144 298 656 25 173 -

26 969 11 104 80 991 395 128 10 861 492 045 464,639 277 059

Employee’s leave payable

Accruals

Payable to National Treasury

Retentions

Land related agency obligations

Project payables Agency Project

Payables ^Projects obligations

581 930 745 329 1 618 203 2 504 125

Employees leave payable is reconciled as follows: Carrying amount beginning of year

11 104

11 219

Increase/decrease in leave payable

5 068

2 095

Amounts incurred and charged against the leave account

(4 163) 12 009

(2 210) 11 104

Carrying amount at end of the period

132