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 Reconciliation of intangible assets - 2024 Opening ballance Additions Amortisation Total Computer software 2 197 636 6 835 072 (5 841 092) 3 191 616

Reconciliation of intangible assets - 2023

Opening ballance

Additions

Amortisation

Total

Computer software

2 539 448

3 134 190

(3 476 002)

2 197 636

9. Payables from exchange transactions

2024

2023

Trade payables

14 956 497

4 051 300

Reclassification trade payables to receivables Reclassification from trade receivables

282 458

18 700

14 837 819

4 576 568

Suspense - AARTO

296

296

Leave accrual

4 040 308

3 571 998

Accrued expense Payroll accrual

-

298 117 120 130

151

34 117 529

12 637 109

The suspense account for AARTO relates to infringers paying into RTIA’s bank account and not the AARTO designated bank accounts, the amounts are required to be allocated first to the paid infringement notices. For the period ended, this account was sitting as a receivable and has been disclosed under receivables.

153

Road Traffic Infringement Agency • Annual Report 2023/24