SMD

Annual Report 2023/2024

Annual Financial Statements for the year ended 31 March 2024

Appropriation Statement

Departmental agencies and accounts - 2 - 2 1 1 50.4% - - Households 595 21 - 616 596 20 96.8% 1 024 1 021

Payments for financial assets - 104 - 104 102 2 97.6% - - Total 138 343 - (2 763) 135 580 128 131 7 449 94.5% 117 676 109 619

Payments for capital assets 3 621 35 - 3 656 3 319 337 90.8% 4 549 1 850 Machinery and equipment 3 621 35 - 3 656 3 319 337 90.8% 4 549 1 850

Programme 1: Administration 2023/24 2022/23 Shifting of Funds Virement Final Budget Actual 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

Transfers and subsidies 595 23 - 618 597 21 96.6% 1 024 1 021

Sub programme 1. Ministry 35 587 2 717 - 38 304 36 838 1 466 96.2% 34 924 32 191

2. Departmental Management 36 278 (155) (2 663) 33 460 32 713 747 97.8% 31 041 29 567 3. Corporate Services 44 445 (3 503) (100) 40 842 38 902 1 940 95.2% 31 793 29 722

4. Financial Management 22 033 941 - 22 974 19 679 3 295 85.7% 19 918 18 138

Compensation of employees 88 174 (21) - 88 153 81 229 6 924 92.1% 75 161 70 091 Goods and services 45 953 (141) (2 763) 43 049 42 885 164 99.6% 36 942 36 657

Total for sub programmes 138 343 - (2 763) 135 580 128 131 7 449 94.5% 117 676 109 619 Economic classification

Current payments 134 127 (162) (2 763) 131 202 124 114 7 088 94.6% 112 103 106 748

Variance Expenditure

Approved Budget

Department of Small Business Development • FINANANCIAL INFORMATION • Part F

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