SMD

Annual Report 2023/2024

Annual Financial Statements for the year ended 31 March 2024

Notes to the Annual Financial Statements

15. Net cash flow available from operating activities Note

2023/24

2022/23

R’000

R’000

Net surplus/(deficit) as per Statement of Financial Performance

93 272

49 291

Add back non-cash/cash movements not deemed operating activities

(53298)

(18069)

(Increase)/decrease in receivables

69

(115)

(Increase)/decrease in prepayments and advances

(7621)

(3550)

(Increase)/decrease in other current assets

-

-

Increase/(decrease) in payables - current

(13964)

7 878

Expenditure on capital assets

17 560

13 844

Surrenders to Revenue Fund

(19080)

(13931)

Surrenders to RDP Fund/Donors

(30262)

(22195)

Net cash flow generated by operating activities

39 974

31 222

N/A

16. Reconciliation of cash and cash equivalents for cash flow purposes Note 2023/24

2022/23

R’000

R’000

Consolidated Paymaster General account

54 291

32 361

Cash on hand

66

66

Cash with commercial banks (Local)

14 811

14 108

Total

69 168

46 535

RDP, voted funds, petty cash and cash held at commercial bank that has not interfaces into PMG.

17. Contingent liabilities and contingent assets 17.1. Contingent liabilities

Note

2023/24

2022/23

Liable to Nature

R’000

R’000

Claims against the department

Annex 2

200

850

Total 850 Estimated amount of legal costs upon completion of the case, in the event the department is held liable for costs however the plaintiff hasn’t followed up on the case. 200

Department of Small Business Development • FINANANCIAL INFORMATION • Part F

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