SMD

Annual Report 2023/2024

Annual Financial Statements for the year ended 31 March 2024

Notes to the Annual Financial Statements

2.1.

Sales of goods and services other than capital assets

2023/24

2022/23

Note

R’000

R’000

Sales of goods and services produced by the department

62

56

Sales by market establishment

17

18

Administrative fees

-

-

Other sales

45

38

Sales of scrap, waste and other used current goods

-

-

Total

2

62

56

Sales of goods and services other than capital assets comprise of employee parking rent collected and commission received on third party deductions such as insurance/premiums from employee’ salaries.

2.2.

Fines, penalties and forfeits

2023/24

2022/23

Note

R’000

R’000

Fines

-

-

Forfeits

3

-

Total

2

3

-

GEHS money forfeited.

2.3.

Interest, dividends and rent on land

2023/24

2022/23

Note

R’000

R’000

Interest

1212

5

Dividends

-

-

Total

2

1 212

5

Interest received from commercial bank and interest-bearing debts written off.

2.4.

Transactions in financial assets and liabilities

Note

2023/24

2022/23

R’000

R’000

Receivables

1122

-

Other receipts including Recoverable Revenue

20

-

Total

2

1 142

-

Debt recovered and written off, and previous financial year expenditure repayment.

Part F • FINANANCIAL INFORMATION • Department of Small Business Development

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