HDA Annual Report

ANNUAL REPORT 2023/24 Notes to the Annual Financial Statements

Restated 2023

Figures in R’000

2024

25. Non-executive members

Non-executive members of the accounting authority Hosi P Ngove Board Chair (from 12 July 2023 to date)

246

-

Dr Soni M Interim chairperson(from 07 March 2023 to 11 June 2023)

62

166 223 263 203

Dr Ratshitanga T - Chairperson

-

Ms Dumakude M Ms Maharaj N Ms Boulton SY

138 130

89

- -

Dr Mahapa A. (from 11 June 2023 to date)

109 774

Total non-executive members

855

Audit and Risk Committee Ms Boulton SY

97 32 37

197

Ms Dumakude M

- -

Ms Maharaj N

Total Audit and Risk Committee

166

197

26. Cash generated from operations

Net surplus

288

100 277

Adjustment for: Depreciation

4 717

3 047

Amortisation

735

390

Interest received

(1 384)

(11 487)

Deficit on disposal of property, plant and equipment

279

121 780

Other income non-cash

(1 308)

Finance costs

78

19

Project Management fee

(24 012)

975

Membership fees

- -

73

Audit fees

6 709

Impairment of receivables

69 163

766

Leave provision

904

(12 640)

Provisions

12 303

- -

Lease Straightlining

672 484

Bursary & other write off

8 574

62 919

97 604

144