SMD

Annual Report 2023/2024

Annual Financial Statements for the year ended 31 March 2024

Notes to the Annual Financial Statements

8.

Expenditure for capital assets

Note

2023/24

2022/23

R’000

R’000

Tangible capital assets

6 700

6 949

Machinery and equipment

6 700

6 949

Intangible capital assets

10 860

6 895

Software

10 860

6 895

Total 13 844 Ministerial vehicles and security equipment’s, laptops and external hard drive, cellular phones & finance lease on photocopiers and mobile contracts. Software still under development (LITS and SMME database). 17 560

8.1.

Analysis of funds utilised to acquire capital assets – Current year

2023/24

Voted funds

Aid assistance

Total

Name of entity

R’000

R’000

R’000

Tangible capital assets

6 700

-

6 700

Machinery and equipment

6 700

-

6 700

Intangible capital assets

-

10 860

10 860

Software

-

10 860

10 860

Total

6 700

10 860

17 560

Departmental assets and EDSE’s LITS and IBP software.

8.2 Analysis of funds utilised to acquire capital assets – Prior year

2022/23

Voted funds

Aid assistance

Total

Name of entity

R’000

R’000

R’000

Tangible capital assets

6 949

-

6 949

Machinery and equipment

6 949

-

6 949

Intangible capital assets

-

6 895

6 895

Software

-

6 895

6 895

Total

6 949

6 895

13 844

Part F • FINANANCIAL INFORMATION • Department of Small Business Development

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