HDA Annual Report

ANNUAL REPORT 2023/24

Notes to the Annual Financial Statements

Restated 2023

Figures in R’000

2024

33. Prior period errors (continued)

As previously

Reference

As restated

reported Adjustments

2. Statement of financial performance

138 717

(925)

137 792

Total Revenue

- -

(4 067) (4 067)

(4 067) (4 067)

Fund management fees

A

Expenditure Operating expenses

138 717

3 142

141 859

3. Statement of changes in net assets

Accumulated surplus

A

(270 549)

(138)

(270 687)

4. Statement of cash flows

Cash (utilised) generated from operations Net cash (outflow)/inflow from operating activities Cash inflow/(outflow) from financing activities

A A

27 766

4 205

31 971

36 848

4 067

40 915

A

(421 203)

(4 205)

(425 408)

34. Segment Information

Segment Identification The Agency is organised and reports to management on the basis of 9 major funding areas:

Head Office Eastern Cape Western Cape Limpopo Northern Cape Gauteng North West KwaZulu-Natal Free State

The segments were identified based on the source of funding and geographical locations. Management uses these same segments for determining strategic objectives. Segments were aggregated for reporting purposes. Information reported about these segments is used by management as a basis for evaluating the segments’ performances and for making decisions about the allocation of resources. The disclosure of information about these segments is also considered appropriate for external reporting purposes.

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