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 (Continued) Statement of financial performance 2023

Note

As previously

Correction of Re-classification

Restated

reported

error

Revenue from non-exchange transactions Net Profit (Accumulated)

174 983 000 (441 581 395) 67 227 622 30 844 776

(165 915 000)

- - -

9 068 000

29 251

(441 552 144) 67 227 622 30 614 334

General expenditure

-

Other operating expenses

1 163 631

(1 394 073) 1 394 073

Impairment of trade and other receivables

-

-

1 394 073

Net impact

(168 525 997)

(164 722 118)

- (333 248 115)

175

Road Traffic Infringement Agency • Annual Report 2023/24