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 24. Prior-year corrections 2023 During the year, management resolved to correct prior period errors that arose as a result of processing errors, corrections provisions that were raised erroneously. The retrospective adjustment impact of it is as follows: Statement of financial position 2023

Note

As previously

Correction of

Restated

reported 5 067 833 184 751 841

error (915)

Intangible Assets

5 066 918 18 836 841 6 438 898 30 342 657 177 476 189

Receivables from non-exchange transactions

(165 915 000)

Payables from exchange transactions

5 245 101

1 193 797

195 064 775 342 198 307

(164 722 118) (164 722 118)

Accumulated surplus

174

Road Traffic Infringement Agency • Annual Report 2023/24