SMD

Annual Report 2023/2024

Annual Financial Statements for the year ended 31 March 2024

Appropriation Statement

Payments for financial assets - 728 - 728 727 1 99.9% - - Total 1 473 773 - (26 931) 1 446 842 1 438 640 8 202 99.4% 976 059 972 371

1. Enterprise Development Management 1 664 330 - 1 994 1 833 161 91.9% 533 288

Departmental agencies and accounts 1 402 946 - - 1 402 946 1 402 946 - 100.0% 914 367 914 367 Households 12 42 - 54 54 0 99.8% 100 100

Payments for capital assets 154 - - 154 146 8 95.0% 198 197 Machinery and equipment 154 - - 154 146 8 95.0% 198 197

Programme 4: Enterprise Development 2023/24 2022/23 Actual Expenditure Variance Expenditure as % of final budget Final Budget R’000 R’000 R’000 R’000 R’000 R’000 % R’000 R’000 Shifting of Funds Virement Final Budget Actual expenditure

3. SMME Competitiveness 52 583 (771) (27 629) 24 183 19 268 4 915 79.7% 47 489 45 519

Compensation of employees 33 270 (42) - 33 228 25 332 7 896 76.2% 24 626 21 411 Goods and services 37 391 (728) (26 931) 9 732 9 435 297 96.9% 36 768 36 296

Total for sub programmes 1 473 773 - (26 931) 1 446 842 1 438 640 8 202 99.4% 976 059 972 371 Economic classification Current payments 70 661 (770) (26 931) 42 960 34 767 8 193 80.9% 61 394 57 707

2. Enterprise and Supplier Development 1 419 526 441 698 1 420 665 1 417 540 3 125 99.8% 928 037 926 565

Transfers and subsidies 1 402 958 42 - 1 403 000 1 403 000 0 100.0% 914 467 914 467

Approved Budget

Sub programme

Part F • FINANANCIAL INFORMATION • Department of Small Business Development

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