SMD

Annual Report 2023/2024

Annual Financial Statements for the year ended 31 March 2024

Notes to the Annual Financial Statements

11.5 Impairment of receivables

Note

2023/24

2022/23

R’000

R’000

Estimate of impairment of receivables

-

2 297

Total

2 297

12. Voted funds to be surrendered to the Revenue Fund Note

2023/24

2022/23

R’000

R’000

Opening balance

18 968

13 845

Prior period error

-

As restated

18 968

13 845

Transferred from statement of financial performance (as restated)

44 481

18 968

Voted funds not requested/not received

1.1

-

-

Paid during the year

(18968)

(13 845)

Closing balance

44 481

18 968

Voted funds to be surrendered from compensation of employees and transfers underspending.

13. Departmental revenue and NRF Receipts to be surrendered to the Revenue Fund Note 2023/24

2022/23

R’000

R’000

Opening balance

3

28

Prior period error As restated

3

28

Transferred from statement of financial performance (as restated)

2 419

61

Paid during the year

(112)

(86)

Closing balance

2 310

3

Debts written off.

Department of Small Business Development • FINANANCIAL INFORMATION • Part F

186