SMD

Annual Report 2023/2024

Annual Financial Statements for the year ended 31 March 2024

Notes to the Annual Financial Statements

Reconciliation of movement in provisions – 2022/23 Product Markets Provision 2

Provision 3

Total provisions

R’000

R’000

R’000

R’000

Opening balance

55 923

-

-

55 923

Increase in provision

67 713

-

-

67 713

Settlement of provision

(73254)

-

-

(73254)

Closing balance

50 382

-

-

50 382

26. Movable Tangible Capital Assets MOVEMENT IN MOVABLE TANGIBLE CAPITAL ASSETS PER ASSET REGISTER FOR THE YEAR ENDED 31 MARCH 2024 2023/24 Opening balance Value adjustments Additions Disposals Closing balance R’000 R’000 R’000 R’000 R’000 MACHINERY AND EQUIPMENT 22 928 6 948 (1366) 28 510 Transport assets 5 516 2 326 - 7 842 Computer equipment 10 092 1 928 (435) 11 585 Furniture and office equipment 3 000 2 064 (148) 4 916 Other machinery and equipment 4 319 631 (783) 4 167

TOTAL MOVABLE TANGIBLE CAPITAL ASSETS

22 928

6 948

(1 366)

28 510

Include discussion here where deemed relevant.

Movable Tangible Capital Assets under investigation

Number

Value

Note

R’000

Included in the above total of the movable tangible capital assets per the asset register that are under investigation: Machinery and equipment

19

1 221

Total

19

1 221

Assets reported stolen or lost are under investigations.

Department of Small Business Development • FINANANCIAL INFORMATION • Part F

194