SMD

Annual Report 2023/2024

1.2. Fruitless and wasteful expenditure a)

Reconciliation of fruitless and wasteful expenditure

Description

2023/2024

2022/2023

R’000

R’000

Opening balance

-

-

Adjustment to opening balance

-

-

Opening balance as restated

-

-

Add: Fruitless and wasteful expenditure confirmed

-

-

-

-

Less: Fruitless and wasteful expenditure recoverable 13

Less: Fruitless and wasteful expenditure not recoverable and written off

-

-

Closing balance

-

-

Include discussion here where deemed relevant. The DSBD did not incur any fruitless and wasteful expenditure.

Reconciling notes Description

2023/2024

2022/2023 14

R’000

R’000

Fruitless and wasteful expenditure that was under assessment

-

-

Fruitless and wasteful expenditure that relates to the prior year and identified in the current year

-

-

Fruitless and wasteful expenditure for the current year

-

-

Total

-

-

b) Details of fruitless and wasteful expenditure (under assessment, determination, and investigation) Description 15 2023/2024 2022/2023 R’000 R’000 Fruitless and wasteful expenditure under assessment - - Fruitless and wasteful expenditure under determination - - Fruitless and wasteful expenditure under investigation - - Total - -

Include discussion here where deemed relevant.

13 Transfer to receivables 14 Record amounts in the year in which it was incurred 15 Group similar items

136

Department of Small Business Development • PFMA COMPLIANCE REPORT • Part E