SMD

Annual Report 2023/2024

Annual Financial Statements for the year ended 31 March 2024

Notes to the Annual Financial Statements

8.3. Finance lease expenditure included in Expenditure for capital assets Note 2023/24

2022/23

R’000

R’000

Tangible capital assets Machinery and equipment

2 061

1 078

Total

2 061

1 078

RT15 contract with Vodacom for provision of tools of trade (phones) and Konica Minolta Colour Refurbished Multifunction Copier Machines.

9.

Cash and cash equivalents.

Note

2023/24

2022/23

R’000

R’000

Consolidated Paymaster General Account

54 291

32 361

Cash on hand

66

66

Investments (Domestic)

14 811

14 108

Total

69 168

46 535

PMG balance R54 mil. (Outstanding payments R17.7 mil and Salary EBT control: R84 thousand, petty cash R66 thousand, and cash in commercial bank account R14.8 mil received on 31 March.)

10. Prepayments and advances

Note

2023/24

2022/23

R’000

R’000

Travel and subsistence

9

-

Prepayments (Not expensed)

10.2

484

43

Advances paid (Not expensed)

10.1

23 429

16 258

Total

23 922

16 301

Analysis of Total Prepayments and advances Current Prepayments and advances

23 922

16 301

Non-current Prepayments and advances

-

-

Total

23 922

16 301

Advance to DALRRD for EDSE activities and prepayment to Microsoft for computer services.

Department of Small Business Development • FINANANCIAL INFORMATION • Part F

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