SMD

Annual Report 2023/2024

Annual Financial Statements for the year ended 31 March 2024

Notes to the Annual Financial Statements

5.8.

Other operating expenditure

Note

2023/24

2022/23

R’000

R’000

Professional bodies, membership and subscription fees

30

11

Resettlement costs

1 157

-

Other

1 109

925

Total

5

2 296

936

Other consist of printing costs, courier & delivery services, file storage services, and vehicles roadworthy tests.

6.

Payments for financial assets

Note

2023/24

2022/23

R’000

R’000

Debts written off

6.1

2 516

-

Total

2 516

-

Debts that have prescribed and could not be recovered.

6.1.

Debts written off

Note

2023/24

2022/23

Nature of debts written off

R’000

R’000

Recoverable revenue written off Total amount of debts that have prescribed and could not be recovered.

2 516

-

Total

2 516

-

Total debt written off

6

2 516

-

7.

Transfers and subsidies

Note

2023/24

2022/23

R’000

R’000

Departmental agencies and accounts

Annex 1A

1 404 484

915 761

Public corporations and private enterprises

Annex 1B

742 445

1 345 474

Non-profit institutions

Annex 1C

8 000

8 613

Households

Annex 1D

817

1 122

Total 2 270 970 Transfers to Small Enterprise Development Agency (Seda), Small Enterprise Finance Agency (sefa), SEIF & Craft projects, leave discounting for ex employees and settlement as a result of case won by DSBD employee. 2 155 746

Department of Small Business Development • FINANANCIAL INFORMATION • Part F

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