SMD

Annual Report 2023/2024

Annual Financial Statements for the year ended 31 March 2024

Statement of Changes in Net Assets

Note

2023/24

2022/23

R’000

R’000

Recoverable revenue Opening balance

2 194

2 070

Transfers:

(2 174)

124

Irrecoverable amounts written off

6.1

(2516)

-

Debts revised

324

-

Debts recovered (included in departmental revenue)

(6)

-

Debts raised

24

124

Closing balance

20

2 194

TOTAL

20

2 194

Department of Small Business Development • FINANANCIAL INFORMATION • Part F

164