HDA Annual Report

ANNUAL REPORT 2023/24 Notes to the Annual Financial Statements

Restated 2023

Figures in R’000

2024

11. Provisions (continued)

The HDA is statutorily required to have an audit performed annually. The provision is based on the estimates provided by the external auditors in their audit strategy and engagement letter. The audit fee is provided for work to be performed after year end. Bonus The provision for bonus is based on the performance of the organisation and employee performance assessment.

Opening Balance

-

- - -

Increase in the provision

11 430 11 430 19 012

Closing Balance of the provision

6 709

12. Revenue from non-exchange transactions-operational grants

Revenue from non-exchange transactions is made up as follows:

Transfer from controlling entity

243 649 243 649

242 716 242 716

Revenue from exchange transactions-conditional grants

Provinces support conditional grant

131 800 131 800

165 907 165 907

Buffalo City Municipality

- - -

21 154

Eastern Cape Provincial Government

8 045 3 906

Eastern Cape PHDA

Free State Provincial Government Gauteng Provincial Government

23 248

16 736

-

8 492 3 406

Gauteng Provincial Government - GADA Gauteng Provincial Government - PHDA KwaZulu-Natal Provincial Government Limpopo Provincial Government Northern Cape Provincial Government North West Provincial Government Western Cape Stellenbosch Municipality KwaZulu-Natal Floods

3 233

-

10 792 18 969 12 455 15 424

14 184 38 113 17 163

-

7 219

10 035

15 910

526

1 384 2 978

Western Cape Provincial Department of Transport

5 688

Western Cape Provincial Government

19 610

19 037

131 800

165 907

The grant received covers corresponding expenditure for the provinces projects.

134