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

31. Budget variances (continued) Lease rentals on operating lease Lease rentals on operating lease of R33 177 775 is R6 713 940 lower than the budget of R39 891 715 due to the re-negotiation of property lease rentals. Bad debts written off Bad debts written off of R2 737 105 was not included in the budget. Changes from the approved budget to the final budget The changes between the approved and final budget are a consequence of reallocations within the approved budget parameters. These adjustments and reallocations were necessary to align the budget with business needs. 32. BBBEE Performance Information on compliance with the B-BBEE Act is included in the annual report under the section titled B-BBEE Compliance Performance Information. 33. Comparative figures Certain comparative figures have been reclassified.

222 I Annual Report 2022/23 I Annual Financial Statements