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 19. Going concern The annual financial statements have been prepared on the basis of accounting policies applicable to a going concern. This basis presumes that funds will be available to finance future operations and that the realisation of assets and settlement of liabilities, contingent obligations and commitments will occur in the ordinary course of business. A material uncertainty may exist in relation to the decreased collection of infringement fees issued and paid. Sufficient mitigating actions were taken by management to address the uncertainties to conclude that the Agency is able to continue as a going concern. 20. Irregular expenditure and Fruitless and wasteful expenditure

Fruitless and wasteful expenditure

- - -

61 778

Irregular expenditure

6 361 481 6 423 259

Further details to the above disclosure are contained the annual report.

Amounts of material losses through criminal conduct

There were none reported for the current period.

Criminal or disciplinary steps taken as a result of losses, irregular and fruitless and wasteful expenditure

There were none reported for the current period.Further details to the above disclosure are contained the annual report.

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Road Traffic Infringement Agency • Annual Report 2023/24