SMD

Annual Report 2023/2024

Annual Financial Statements for the year ended 31 March 2024

Notes to the Annual Financial Statements

19.2. Payables not recognised.

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

-

349

349

-

Other

-

-

-

-

Total

-

349

349

-

Note

2023/24

2022/23

Listed by programme level

R’000

R’000

Administration

349

-

Total

19

349

-

Parties agreed on the settlement amount to be paid R349 thousand tax inclusive to be processed during the 202425 financial year.

20. Employee benefits

2023/24

2022/23

Note

R’000

R’000

Leave entitlement

9 913

10 185

Service bonus

4 431

3 373

Performance awards

-

-

Capped leave

840

798

Other

-

87

Total

15 184

14 443

Leave credits payable to employees.

Department of Small Business Development • FINANANCIAL INFORMATION • Part F

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