Page 104 - TKZN Annual Report 2023/2024

KWAZULU-NATAL TOURISM AUTHORITY
Trading as Tourism KwaZulu-Natal
Annual Financial Statements for the year ended 31 March 2024
Statement of Comparison of Budget and Actual Amounts
Budget on Cash Basis
Statement of Financial Performance
Revenue
Revenue from exchange transactions
Other income
Revenue from non-exchange transactions
Revenue from non-excchange transactions
Services received in-kind
Transfer revenue
Government grants & subsidies Project income-Non discretional - grant
Total revenue from non- exchange transactions
Total revenue Expenditure
Office of the CEO
Tourism Information Services
Tourism Development
Marketing Department
Public Relations and Communication
Convention Bureau Corporate Services
Total expenditure
Operating surplus
Capital Expenditure
Surplus/(deficit) for the year
Actual Amount on Comparable Basis as Presented in the Budget and Actual Comparative Statement
384
-
150 890 -
150 890 151 274
(9 526) (26 523) (12 091) (37 728) (14 056) (14 744) (35 606)
(150 274)
1 000
(1 000)
- -
2 904
-
9 669 42 213
51 882 54 786
(1 484) (617) (19 984) (8 406) (22 405) (5 124) 4 101
(53 919)
867
(867)
- -
3 288
-
160 559 42 213
202 772 206 060
(11 010) (27 140) (32 075) (46 134) (36 461) (19 868) (31 505)
(204 193)
1 867 (1 867)
- -
3 458
1 650
151 490 23 754
176 894 180 352
(10 394) (24 315) (10 750) (43 478) (38 411) (17 910) (29 282)
(174 540)
5 812
(1 520)
4 292 4 292
170 *
1 650 # (9 069) *
(18 459) A
(25 878) (25 708)
616 * 2 825 B 21 325 C 2 656 * (1 950) * 1 958 * 2 223 D
29 653
3 945
347 E
4 292 4 292
Figures in Rand
Approved budget R ‘000
Adjustments R ‘000
Final Budget R ‘000
Actual amounts on comparable basis R ‘000
Difference between final
budget and Reference actual
R ‘000
102 TOURISM KWAZULU-NATAL ANNUAL REPORT 2023/2024