SMD

Annual Report 2023/2024

Annual Financial Statements for the year ended 31 March 2024

Appropriation Statement

1. Development Finance Management 2 392 2 370 - 4 762 4 672 90 98.1% 414 -

Payments for financial assets - 420 1 268 1 688 1 687 1 99.9% - - Total 753 549 - 42 447 795 996 790 455 5 541 99.3% 1 318 484 1 315 286

Payments for capital assets 276 - - 276 212 64 76.6% 124 122 Machinery and equipment 276 - - 276 212 64 76.6% 124 122

2. Model Funding Collaboration 8 090 6 102 - 14 192 14 122 70 99.5% 10 526 9 061 3. Blended Finance 721 632 (9 865) 42 447 754 214 749 685 4 529 99.4% 1 295 922 1 294 916 4. Business Viability 21 435 1 393 - 22 828 21 975 853 96.3% 11 622 11 309

Compensation of employees 36 769 - - 36 769 32 005 4 764 87.0% 33 611 31 006 Goods and services 25 343 (420) 38 669 63 592 63 531 61 99.9% 2 051 1 931

Departmental agencies and accounts 1 837 - - 1 837 1 537 300 83.7% 1 409 1 394

Public corporations and private enterprises 681 324 - 2 510 683 834 683 484 350 99.9% 1 272 676 1 272 220 Non-profit institutions 8 000 - - 8 000 8 000 - 100.0% 8 613 8 613

Programme 3: Development Finance 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

Total for sub programmes 753 549 - 42 447 795 996 790 455 5 541 99.3% 1 318 484 1 315 286 Economic classification Current payments 62 112 (420) 38 669 100 361 95 535 4 826 95.2% 35 662 32 937

Transfers and subsidies 691 161 - 2 510 693 671 693 021 650 99.9% 1 282 698 1 282 227

Approved Budget

Sub programme

Department of Small Business Development • FINANANCIAL INFORMATION • Part F

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