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 2024 2023 13. Operating surplus (deficit) (Continued) Defined contribution plan

RTIA belongs to a defined contribution plan. The percentage contribution by the employer is 13% and the employee is 7.5%. The amounts included in the employee costs are as follows:

Contributions paid to defined contribution plan

8 722 054 8 722 054

10 209 155 10 209 155

14. Net cash flows from operating activities Surplus for the period

7 809 014

(60 045 712)

Adjustments for: Depreciation and amortisation Impairment on receivables reversal

8 162 015

7 651 443 1 394 073

(3 246 653)

Asset write off Non-cash items

32 163

40 811

-

(1 164 547)

Changes in working capital: Receivables from exchange transactions

(3 662 720) (71 764 000) 21 480 420 (2 480 679) 2 480 679 (41 189 761) -

13 985 400

Other receivables from non-exchange transactions

-

Payables from exchange transactions National Treasury surplus surrender

(1 388 319)

(147 000 000) 14 807 202 (14 807 202) (186 526 851)

AARTO Assets

AARTO Liabilities

159

Road Traffic Infringement Agency • Annual Report 2023/24