Page 18 - CAO Annual Report 2023-24

CENTRAL APPLICATIONS OFFICE
CENTRAL APPLICATIONS OFFICE NPC (RF) REGISTRATION NUMBER: 2007/002819/08
NOTES TO THE ANNUAL FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024 (Continued)
2. INTANGIBLE ASSETS (Continued)
2024 2023 RR
Carrying value
Computer software - -
New IT upgrade 42 454 837 43 245 662
Development Retainer - WIP 368 000 147 200
42 822 837 43 392 862
Equipment reconciliation
Opening carrying value 43 434 314 42 434 314
Additions 12 717 867 12 293 740
Disposals - -
Current year amortisation (13 287 892) (11 335 192)
Closing carrying value 42 822 837 43 392 862
3. TRADE & OTHER RECEIVABLES
Trade and other receivables is made up as follows:
Trade debtors 223 861 396 534
Less: Provision for bad debts (2 152) 2 152
Net trade debtors 221 709 394 382
Income due from DHET - CACH 2 873 432 3 402 468
Deposits paid 25 047 25 047
Prepaid expenses 265 360 205 116
Sundry debtors 10 980 13 000
3 396 528 4 039 013
16 ANNUAL REPORT 2023/2024