SMD

Annual Report 2023/2024

Annual Financial Statements for the year ended 31 March 2024

Notes to the Annual Financial Statements

26.1. MOVEMENT IN MOVABLE TANGIBLE CAPITAL ASSETS PER ASSET REGISTER FOR THE YEAR ENDED 31 MARCH 2023 2022/23 Opening balance Prior period error Additions Disposals Closing balance R’000 R’000 R’000 R’000 R’000 MACHINERY AND EQUIPMENT 17 700 5 965 737 22 928 Transport assets 4 298 1 218 - 5 516 Computer equipment 6 144 4 466 518 10 092 Furniture and office equipment 3 209 (181) - 27 3 000 Other machinery and equipment 4 049 181 281 191 4 319 TOTAL MOVABLE TANGIBLE CAPITAL ASSETS 17 700 - 5 965 737 22 928

26.1.1.Prior period error

Note

2022/23

Nature of prior period error

R’000

Relating to 20223/24 [affecting the opening balance] Relating to 2022/23 Furniture and office equipment overstated

(181)

Other machinery and equipment understated

181

Relating to 2022/23 Furniture and office equipment

(181)

Other machinery and equipment

181

Total prior period errors

26

-

Misalignment between categories.

Part F • FINANANCIAL INFORMATION • Department of Small Business Development

195