SMD

Annual Report 2023/2024

Annual Financial Statements for the year ended 31 March 2024

Notes to the Annual Financial Statements

1. Annual Appropriation 1.1. Annual Appropriation Included are funds appropriated in terms of the Appropriation Act (and the Adjustments Appropriation Act) for National Departments (Voted funds) and Provincial Departments: 2023/24 2022/23 Programmes Final Budget Actual Funds Received Funds not requested / not received Final Budget Appropriation Received Development Finance 795 996 795 996 - 1 318 484 1 318 484 - Enterprise Development 1 446 842 1 446 842 - 976 059 976 059 - Total 2 529 308 2 529 308 - 2 532 889 2 532 889 - The department’s 2023/24 baseline budget was reduced by R45.471 million in terms of section 30(2)(a) of the PFMA. 2. Departmental revenue Note 2023/24 2022/23 R’000 R’000 Sales of goods and services other than capital assets 2.1 62 56 Fines, penalties and forfeits 2.2 3 - Interest, dividends and rent on land 2.3 1 212 5 Transactions in financial assets and liabilities 2.4 1 142 - Total revenue collected 2 419 61 Total 2 419 61 Funds not requested / not received R’000 R’000 R’000 R’000 R’000 R’000 Administration 135 580 135 580 - 117 676 117 676 - Sector and Market Development 150 890 150 890 - 120 670 120 670 -

Revenue collected consist of previous financial year related expenditure, debt recovered and written off, interest received from the commercial bank, GEHS forfeits, rent collected from employee’s covered parking and commission received on third party deductions.

Department of Small Business Development • FINANANCIAL INFORMATION • Part F

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