Page 298 - Department of Social Development Annual Report 2021

NOTES TO THE ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED

31 MARCH 2021

35. PRIOR PERIOD ERRORS
35.1 Correction of prior period errors

Note Amount Prior period Restated
before error error Amount
correction
2019/20 2019/20 2019/20
R’000 R’000 R’000

Assets: Immovable tangible capital
assets,
Immovable Capital Assets: Dwellings 33.2 685 233 918
(Opening Balance)
Immovable Capital Assets: Other fixed 33.2 558 (233) 325
structure (Opening Balance)
Net effect 1 243 - 1243

The prior year correction of R233 between dwellings and other fix structures was to correct the
financial statements to be in line with the immovable asset register.

Note Amount Prior period Restated
before error error Amount
correction
2019/20 2019/20 2019/20
R’000 R’000 R’000

Assets: Movable tangible assets

Movable Capital Assets: Transport 31.3 15 571 599 16 170
Assets
Movable Minor Assets: Machinery and 31.4 12 833 (25) 12 808
Equipment

Net effect 28 404 574 28 978

An amount of R599 000 relates to the vehicle that was approved for disposal in financial year 2017/18
and removed from the Asset register the vehicle is still in the department as there was no action taken
in terms of disposing the vehicle.
A credit amount of R25 000 relates to furniture that was bought and received in financial year 2017/18
and paid in financial year 2018/19. The assets were recorded twice in the Asset Register.

298 DEPARTMENT OF SOCIAL DEVELOPMENT ANNUAL REPORT 2020/21