SMD

Annual Report 2023/2024

Annual Financial Statements for the year ended 31 March 2024

Appropriation Statement

TOTAL (brought forward) R’000 R’000 R’000 R’000 Reconciliation with statement of financial performance ADD Departmental receipts 2 419 61 Aid assistance 75 413 58 158

R’000 R’000 R’000 R’000 R’000 R’000 % R’000 R’000

Actual amounts per statement of financial performance (Total revenue) 2 607 140 2 591 108 ADD Aid assistance 29 041 27 896 Actual amounts per statement of financial performance (Total expenditure) 2 513 868 2 541 817

1. Administration 138 343 - (2 763) 135 580 128 131 7 449 94.5% 117 676 109 619

2. Sector and Market Development 163 643 - (12 753) 150 890 127 600 23 290 84.6% 120 670 116 644

4. Enterprise Development 1 473 773 - (26 931) 1 446 842 1 438 640 8 202 99.4% 976 059 972 371 Total 2 529 308 - - 2 529 308 2 484 827 44 481 98.2% 2 532 889 2 513 921 2023/24 2022/23 Final Actual Final Actual

3. Development Finance 753 549 - 42 447 795 996 790 455 5 541 99.3% 1 318 484 1 315 286

Actual

Expenditure

Expenditure

Appropriation per programme 2023/24 2022/23 Actual Expenditure as % of final budget Final Budget

Budget

Variance Expenditure

Expenditure

Shifting of Funds Virement Final Budget

Budget

Approved Budget

Programme

Department of Small Business Development • FINANANCIAL INFORMATION • Part F

154