SMD

Annual Report 2023/2024

Annual Financial Statements for the year ended 31 March 2024

Notes to the Annual Financial Statements

3.2.

Analysis of balance

Note

2023/24

2022/23

R’000

R’000

Aid assistance receivable

-

-

Aid assistance prepayments (not expensed)

-

-

Aid assistance unutilised

-

-

Aid assistance repayable

46372

30 262

Closing balance

3

46 372

30 262

Aid assistance not requested/not received

-

-

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

3.3.

Aid assistance expenditure per economic classification Note

2023/24

2022/23

R’000

R’000

Current

8 974

5 393

Capital

8

10 860

6 895

Transfers and subsidies

9 207

15 608

Total aid assistance expenditure

29 041

27 896

EDSE expenditure.

4.

Compensation of employees

4.1.

Analysis of balance

Note

2023/24

2022/23

R’000

R’000

Basic salary

125 481

96 225

Performance award

-

56

Service based

10

252

Compensative/circumstantial

3 156

1 548

Periodic payments

2 076

2 320

Other non-pensionable allowances

31 831

28 367

Total

162 554

128 768

N/A

Part F • FINANANCIAL INFORMATION • Department of Small Business Development

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