SACAA Annual Report 2022_23

PART F I Annual Financial Statements Annual Financial Statements for the year ended 31 March 2023 Notes to the Annual Financial Statements

9. Change in estimate Property, plant and equipment The revised GRAP 17 - Property, plant and equipment requires the review of the residual value and useful life of an asset at least at each financial year end. The SACAA extended the estimated useful lives of certain assets due to change in expectation relating to the replacement of property, plant and equipment. The revisions were accounted for prospectively as a change in accounting estimate and as a result, the depreciation charges of the SACAA for the current financial year have been decreased by R3 923 301 Before change in estimate After change in estimate Change in estimate Computer equipment 1 060 684 2 030 488 969 804 Computer software 93 387 379 521 286 134 Furniture and fixtures 1 122 051 3 554 115 2 432 064 Motor vehicles 184 434 393 387 208 953 Canteen equipment 12 879 39 225 26 346 2 473 435 6 396 736 3 923 301

10. Trade and other payables

2023

2022

Leave pay accrual Sundry accruals

30 800 064 15 695 666 11 817 634 3 858 604 1 756 711

28 477 218 23 468 567 11 865 618 4 082 922 1 513 673 3 137 806

Statutory receivables with credit balances

Trade payables

Salary-related accruals

Income received in advance

771 330

64 700 009 72 545 804 The SACAA does not have any long term liabilities. It currently has sufficient cash reserves to fund its capital and operating expenditure.

11. Operating lease asset (liability) Current liabilities

547 871

31 261

206 I Annual Report 2022/23 I Annual Financial Statements