RTIA Annual Report E-Book

Road Traffic Infringement Agency Annual Financial Statements for the year ended 31 March 2024 __________________________________________________________________________________________________________________________________________________________ Notes to the Annual Financial Statements Figures in Rand Note(s) 2024 2023 2.2 Standards and interpretations issued, but not yet effective The entity has not applied the following standards and interpretations, which have been published and are mandatory for the entity’s accounting periods beginning on or after 01 April 2024 or later periods: Standard/ Interpretation: Effective date: Expected impact: Years beginning on or after • GRAP 107 Mergers Minister to determine Unlikely there will effective date be a material Impact • GRAP 106 Transfer of Functions Between Entities Not Under Common Control Minister to determine Unlikely there will effective date be a material impact • GRAP 105 Transfer of Functions Between Entities Minister to determine Unlikely there will Under Common Control effective date be a material impact • GRAP 2023 Improvements to the Standards of GRAP 2023 Minister to determine Unlikely there will effective date be a material impact • GRAP 1 (amended): Presentation of Financial Statements Minister to determine Unlikely there will (Going Concern) effective date be a material impact • GRAP 103 (as revised): Heritage Assets Minister to determine Unlikely there will effective date be a material impact • GRAP 104 (as revised): Financial Instruments 01 April 2025 Unlikely there will be a material impact • GRAP 22 Foreign Currency Transactions 01 April 2025 Unlikely there will be a material impact

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Road Traffic Infringement Agency • Annual Report 2023/24