SMD

Annual Report 2023/2024

Annual Financial Statements for the year ended 31 March 2024

Statement of Financial Performance

Note

2023/24

2022/23

R’000

R’000

REVENUE Annual appropriation

1

2 529 308

2 532 889

Departmental revenue

2

2 419

61

Aid assistance

3

75 413

58 158

TOTAL REVENUE

2 607 140

2 591 108

EXPENDITURE Current expenditure Compensation of employees

4

181 452

144 430

Goods and services

5

138 413

91 572

Aid assistance

3

8 974

5 393

Total current expenditure

328 839

241 395

Transfers and subsidies Transfers and subsidies

7

2 155 746

2 270 970

Aid assistance

3

9 207

15 608

Total transfers and subsidies

2 164 953

2 286 578

Expenditure for capital assets Tangible assets

8

6 700

6 949

Intangible assets

8

10 860

6 895

Total expenditure for capital assets

17 560

13 844

Payments for financial assets

6

2 516

-

TOTAL EXPENDITURE

2 513 868

2 541 817

SURPLUS FOR THE YEAR

93 272

49 291

Reconciliation of Net Surplus for the year Voted funds

44 481

18 968

Annual appropriation

44 481

18 968

Statutory appropriation

-

-

Conditional grants

-

-

Departmental revenue and NRF receipts

13

2 419

61

Aid assistance

3

46 372

30 262

SURPLUS FOR THE YEAR

93 272

49 291

Department of Small Business Development • FINANANCIAL INFORMATION • Part F

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