SMD

Annual Report 2023/2024

Annual Financial Statements for the year ended 31 March 2024

Notes to the Annual Financial Statements

5.

Goods and services

Note

2023/24

2022/23

R’000

R’000

Administrative fees

5 936

1 494

Advertising

841

538

Minor assets

5.1

26

124

Bursaries (employees)

1 368

1 044

Catering

1 147

475

Communication

600

1 109

Computer services

5.2

4 376

5 337

Consultants: Business and advisory services

5 687

7 140

Legal services

1 670

144

Contractors

410

273

Agency and support / outsourced services

395

-

Audit cost - external

5.3

3 419

3 407

Fleet services

2 672

2 869

Inventories

5.4

57 474

29 743

Consumables

5.5

719

646

Operating leases

10 225

9 472

Property payments

5.6

1 533

2 844

Rental and hiring

1 738

19

Transport provided as part of the departmental activities

-

59

Travel and subsistence

5.7

31 719

22 274

Venues and facilities

3 179

1 363

Training and development

983

262

Other operating expenditure

5.8

2 296

936

Total

138 413

91 572

Key cost drivers Inventory: Expenditure for equipment procured for redistribution to beneficiaries under IMEDP. Travel and subsistence: The expenditure is due to the nature of the business that the department provides which requires officials to travel consistently, as well as SMME exposure to international markets. Operating lease: The operating lease expenditure is largely made of payments made towards DPW and the dtic for office space rental. Administrative fees: SMMEs exposure to international markets. Consultants: Business & Advisory Services mainly related to cannabis and hemp pilot project and Government Technical advisory. Computer services: Payments to SITA for the desktop support services provided to DSBD and Microsoft. Audit fees: Regulatory audit for DSBD. Venues and facilities: SMMEs exposure to international markets.

Part F • FINANANCIAL INFORMATION • Department of Small Business Development

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