SMD

Annual Report 2023/2024

Annual Financial Statements for the year ended 31 March 2024

Appropriation Statement

Interest and rent on land - - - - - - - - -

Payments for financial assets - 1 252 1 268 2 520 2 516 4 99.8% - - Total 2 529 308 - - 2 529 308 2 484 827 44 481 98.2% 2 532 889 2 513 921

Public corporations and private enterprises 759 110 - 2 510 761 620 742 445 19 175 97.5% Non-profit institutions 8 000 - - 8 000 8 000 - 100.0% 8 613 8 613 Households 695 143 - 838 817 21 97.5% 1 124 1 121

Payments for capital assets 6 792 321 - 7 113 6 699 414 94.2% 9 660 6 949 Machinery and equipment 6 792 321 - 7 113 6 699 414 94.2% 9 660 6 949

Appropriation per economic classification 2023/24 2022/23 Shifting of Funds Virement Final Budget Actual Expenditure Variance Expenditure as % of final budget Final Budget expenditure R’000 R’000 R’000 R’000 R’000 R’000 % R’000 R’000 Actual

Compensation of employees 203 421 (143) - 203 278 181 452 21 826 89.3% 158 869 144 430 Goods and services 146 507 (1 575) (3 778) 141 154 138 413 2 741 98.1% 92 916 91 572

Departmental agencies and accounts 1 404 783 2 - 1 404 785 1 404 484 301 100.0% 915 777 915 761 930 1 345 474

Current payments 349 928 (1 718) (3 778) 344 432 319 866 24 566 92.9% 251 785 236 002

Transfers and subsidies 2 172 588 145 2 510 2 175 243 2 155 746 19 497 99.1% 2 271 444 2 270 970 1 345

Approved Budget

Economic classification

Provinces and municipalities

Part F • FINANANCIAL INFORMATION • Department of Small Business Development

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