Page 231 - SAMRC Annual Report 2023-24

FINANCIAL INFORMATION

ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
STATEMENT OF COMPARISON

OF BUDGET AND ACTUAL AMOUNTS

Budget on Accrual Basis

DIFFERENCE
BETWEEN
ACTUAL FINAL
AMOUNTS ON BUDGET
APPROVED FINAL COMPARABLE AND
BUDGET ADJUSTMENTS BUDGET BASIS ACTUAL REFERENCE
R R R R R
Statement of Financial Performance
Revenue
Non-tax revenue
Sale of goods and services 466,858,000 104,833,000 571,691,000 686,842,635 115,151,635 41
Other non-tax revenue 48,527,000 – 48,527,000 83,655,136 35,128,136 41
Transfers received 797,597,000 (104,833,000) 692,764,000 660,413,043 (32,350,957) 41
Total revenue 1,312,982,000 – 1,312,982,000 1,430,910,814 117,928,814

Expenditure
Compensation of employees (464,369,000) – (464,369,000) (551,948,716) (87,579,716) 41
Goods and services (743,435,000) (104,161,000) (847,596,000) (867,679,191) (20,083,191) 41
Depreciation (26,895,000) – (26,895,000) (32,649,514) (5,754,514)
Transfers and subsidies (104,161,000) 104,161,000 – – –
Total expenditure (1,338,860,000) – (1,338,860,000) (1,452,277,421) (113,417,421)
Surplus/(deficit) (25,878,000) – (25,878,000) (21,366,607) 4,511,393
Actual Amount on
Comparable Basis as
Presented in the Budget
and Actual Comparative
Statement (25,878,000) – (25,878,000) (21,366,607) 4,511,393

SAMRC ANNUAL REPOR T 2023-24 229