Page 127 - TKZN Annual Report 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
815
4 240
49
261
11 448
263
362
17 438
2023 R ‘000
4 365
4 091
45
253
2 785
53
369
11 961
17 960
17 960
-
35 721
986
36 707
Project name Funder
Funding / Expenditure Transfer of funds
(117) - (171) - - - (724) -
(9) -
(10 707) (3 500) - (415) - (574) (2 200) - 16 700 (15 500) - (451) (93) - - - 2 679 (20 440)
Tourism KZN Signage
Metro Awards
Nelson Mandela Capturesite CVB Funding
Umtelebhelo Horse Racing Event
COVID-19 Relief Fund* KwaXolo Caves
Ntsikeni Lodge
Festive Events:2023 Festive Events:2024 Ntabamhlophe
Tourism brand tracker Umthayi Amarula Festival
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 - EDTEA 500 EDTEA 93 EDTEA 3
35 721
March 2024
-
- 9 371 -
-
- 4 575 2 762 - 1 200 49 - 3 17 960
117
* 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
TOURISM KWAZULU-NATAL ANNUAL REPORT 2023/2024
125