SMD

Annual Report 2023/2024

Annual Financial Statements for the year ended 31 March 2024

Notes to the Annual Financial Statements

Intangible assets Annex 7 9 372 10 860 - 20 232 Total 9 372 10 860 - 20 232 Certificate of software completion has been received however the department has not taken delivery /ownership of the tool yet or accessed it as ready for use for its intended purpose. CAPITAL WORK-IN-PROGRESS FOR THE YEAR ENDED 31 MARCH 2023 Opening balance 1 April 2022 Prior period error Current Year WIP Ready for use (Assets to the AR) / Contracts terminated Closing balance 31 March 2023 Note R’000 R’000 R’000 R’000 R’000 Intangible assets 2 477 - 6 895 - 9 372 Total 2 477 - 6 895 - 9 372 2022/23 Amount bef error correction Prior period error Restated Note R’000 R’000 R’000 Assets: Movable tangible capital assets Furniture and office equipment overstated 3 181 (181) 3 000 Misstated other machinery and equipment 4 138 181 4 319 Net effect 7 319 - 7 319

R’000 R’000 R’000 R’000

31 March 2024

Closing balance

AR) / Contracts terminated

(Assets to the

Current Year WIP Ready for use

Opening balance 1 April 20YY

Certificate of software completion has been received however the department has not taken delivery /ownership of the tool yet or accessed it as ready for use for its intended purpose. 28. Prior period errors

27.2. Intangible capital assets: Capital Work-in-progress CAPITAL WORK-IN-PROGRESS FOR THE YEAR ENDED 31 MARCH 2024

Part F • FINANANCIAL INFORMATION • Department of Small Business Development

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