SMD

Annual Financial Statements for the year ended 31 March 2024 Annual Report 2023/2024

Statement of Financial Position

Note

2023/24

2022/23

R’000

R’000

ASSETS

Current assets

93 216

63 031

Cash and cash equivalents

9

69 168

46 535

Prepayments and advances

10

23 922

16 301

Receivables

11

126

195

Non-current assets

31

2 424

Prepayments and advances

10

-

-

Receivables

11

31

2 424

TOTAL ASSETS

93 247

65 455

LIABILITIES

Current liabilities

93 227

63 261

Voted funds to be surrendered to the Revenue Fund

12

44 481

18 968

Departmental revenue and NRF Receipts to be surrendered to the Revenue Fund

13

2 310

3

Payables

14

64

14 028

Aid assistance repayable

3

46 372

30 262

Non-current liabilities Payables

-

-

TOTAL LIABILITIES

93 227

63 261

NET ASSETS

20

2 194

2023/24

2022/23

Note

R’000

R’000

Represented by:

-

-

Recoverable revenue

20

2 194

Unauthorised expenditure

-

-

TOTAL

20

2 194

Part F • FINANANCIAL INFORMATION • Department of Small Business Development

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