SMD

Annual Report 2023/2024

Annual Financial Statements for the year ended 31 March 2024

Notes to the Annual Financial Statements

17.2. Contingent assets

Note

2023/24

2022/23

Nature of contingent asset

R’000

R’000

BBSDP Incentives

-

245

CIS Incentives

-

218

Total

-

463

The cases have prescribed before Summons could be issued due to some outstanding information and cannot be pursued further.

18. Capital commitments

Note

2023/24

2022/23

R’000

R’000

Machinery and equipment

52

1 584

Intangible assets

-

-

Total

52

1 584

19. Accruals and payables not recognised 19.1. Accruals

2023/24

2022/23

30 Days

30+ Days

Total

Total

Listed by economic classification

R’000

R’000

R’000

R’000

Goods and services

1 255

883

2 138

2 699

Capital assets

14

Total

1 255

883

2 138

2 713

Note

2023/24

2022/23

Listed by programme level

R’000

R’000

Administration

1 272

1 997

Sector and Market Development

172

129

Development Finance

388

106

Enterprise Development

307

481

Total

2 138

2 713

Part F • FINANANCIAL INFORMATION • Department of Small Business Development

189