Page 126 - TKZN Annual Report 2023/2024

KWAZULU-NATAL TOURISM AUTHORITY
Trading as Tourism KwaZulu-Natal
Annual Financial Statements for the year ended 31 March 2024
Notes to the Annual Financial Statements
5. Payables from exchange transactions
Trade payables Other payables Accrued leave pay Accrued bonus Accrued expenses Lease liability
Long service accrual
5. Payables from exchange transactions
Project funds
Tax payable-PAYE
Reconcilliation of unspend conditional grants (Accumulated project funds) balance is made up of the following :
Figures in Rand
2024 R ‘000
2023 R ‘000
815
4 365
49
45
4 240
4 091
261
11 448
253
2 785
263
53
362
369
17 438
11 961
17 960
35 721
-
986
17 960
36 707
Project name Funder
Funding / Transfer of funds (117) (171) - (724)
(9)
(10 707) - - (2 200) 16 700
(93)
- -
Tourism KZN Signage
Metro Awards
Nelson Mandela Capturesite CVB Funding
Umtelebhelo Horse Racing Event
COVID-19 Relief Fund* KwaXolo Caves
March 2023
NDT
EDTEA 171
NDT 9 371 EDTEA 724
EDTEA 9
EDTEA 14 207 EDTEA 4 990 EDTEA 3 336 EDTEA 2 200 EDTEA -
Expenditure
- - - -
-
March 2024
-
- 9 371 -
-
- 4 575 2 762 - 1 200 49 - 3
117
Ntsikeni Lodge
Festive Events:2023
Festive Events:2024
Ntabamhlophe EDTEA 500
(3 500) (415) (574) - (15 500) - (451)
Tourism brand tracker Umthayi Amarula Festival
EDTEA 93 EDTEA 3
-
35 721
2 679
(20 440)
17 960
* The COVID-19 Relief Fund,was recalled by the Provincial Treasury.
7. Receivables from exchange transactions
Trade debtors
VAT receivables
Staff debtors
Provision for doubtful debt Prepayments
Other receivables
The provision for doubtful debt relates to trade debtors.
455
727
-
4 493
-
39
(18)
(4 900)
378
338
205
-
1 020
697
124 TOURISM KWAZULU-NATAL ANNUAL REPORT 2023/2024