SMD

Annual Report 2023/2024

Annual Financial Statements for the year ended 31 March 2024

Notes to the Appropriation Statement

1. Detail of transfers and subsidies as per Appropriation Act (after Virement) Detail of these transactions can be viewed in the note on Transfers and Subsidies, and Annexure 1A-H of the Annual Financial Statements.

2. Detail of specifically and exclusively appropriated amounts voted (after Virement)

Detail of these transactions can be viewed in the note on Annual Appropriation to the Annual Financial Statements.

3.

Detail on payments for financial assets

Detail of these transactions can be viewed in the note on Payments for financial assets to the Annual Financial Statements.

4. Explanations of material variances from Amounts Voted (after Virement):

4.1 Per programme

Final Budget

Actual Expenditure

Variance

Variance as a % of Final Budget

Programme

R’000

R’000

R’000

%

Administration

135 580

128 131

7 449

5%

Sector and Market Development

150 890

127 600

23 290

15%

Development Finance

795 996

790 455

5 541

1%

Enterprise Development

1 446 842

1 438 641

8 201

1%

Total

2 529 308

2 484 827

44 481

1.8%

Department of Small Business Development • FINANANCIAL INFORMATION • Part F

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