HDA Annual Report

ANNUAL REPORT 2023/24 Notes to the Annual Financial Statements

Restated 2023

Figures in R’000

2024

31. Financial risk management (continued)

Receivables Not past due

108 876 12 072 56 811

30 186

Past due 60 days Past due 90 days

231

42 067

Cash and Cash equivalents

Cash and deposits are regarded as having insignificant credit risk. The balances of cash and cash equivalents are as follows:

Balance as at 31 March 2023

Balance as at 31 March 2024

Interest rate

Bank Absa Absa Absa

Type

Current account

0.01

139 523

364 089 18 506 290 273 25 900 30 659 450 989 60 032 49 559 666 889 6 689

Call account

8.6 8.1

4 807

Money Market Call Current account

233 281 28 135

First National Bank First National Bank First National Bank First National Bank

5.75 5.75 7.05

Corporate cheque account

-

Commercial Nstd Call

6 298

Commercial Money Market

8.4 6.5

229 503 64 000 58 098 107 980

Standard bank

Current account Current account

Nedbank Nedbank Petty cash

Call account

8.1

Cash

0

172 79 871 797 1 963 664

Financial assets by category

The accounting policies for financial instruments have been applied to the line items below:

Receivables from exchange transactions

299 089 596 194 895 283

276 657 492 045 768 702

Trust Funds

Financial liabilities by category

The accounting policies for financial instruments have been applied to the line items below:

Payables

1 618 203

2 504 125

Projects Payables from exchange transactions Designated income received in advance

- -

-

- 1 618 203 2 504 125

156