SMD

Annual Report 2023/2024

Annual Financial Statements for the year ended 31 March 2024

Notes to the Annual Financial Statements

2.4.1. Gifts, donations and sponsorships received in-kind (not included in the main note or sub note) Note 2023/24 2022/23 R’000 R’000 Annex 1J Gifts 6 4 Donations 1 - Sponsorships 203 - Total gifts, donations and sponsorships received in kind 210 4

3.

Aid assistance

Note

2023/24

2022/23

R’000

R’000

Opening balance

30262

22 195

Prior period error As restated

30 262

22 195

Transferred from statement of financial performance

46 372

30 262

Paid during the year

(30262)

(22195)

Closing balance

46 372

30 262

EDSE related expenditure excluding outstanding advance payment to DALRRD.

3.1.

Analysis of balance by source

2023/24

2022/23

Note

R’000

R’000

Aid assistance from RDP

46372

30 262

Aid assistance from other sources

-

-

CARA Funds

-

-

Closing balance 30 262 R46 372m repayable to the RDP fund in line with the signed MoA, excluding R23 429m outstanding balance from advance to DALRRD. 3 46 372

Department of Small Business Development • FINANANCIAL INFORMATION • Part F

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