Page 225 - DSD ANNUAL REPORT 2022-2

PART E: FINANCIAL INFORMATION

Notes of the Annual Financial Statements for the year ended 31 March 2022

34. Prior period errors

34.1 Correction of prior period errors
Amount before error Restated
Expenditure: Tangible capital assets Note Prior period error
correction amount
R’000 R’000 R’000
Intangible Capital Assets: Software (Opening 31 9 331 2 847 12 178
Balance)
Net effect 9 331 2 847 12 178

Irregular expenditure, fruitless and wasteful Note Amount before error Prior period error Restated
expenditure correction amount
R’000 R’000 R’000
Irregular Expenditure 10 599 (229) 10 370
Fruitless and Wasteful Expenditures 1 477 (917) 560
Net effect 12 076 (1 146) 10 930

35. INVENTORIES
35.1. Correction of prior period errors
Sanitary and
Inventories for the year ended 31 March 2022 Food Items TOTAL
Hygiene products
R’000 R’000 R’000
Opening balance 123
Add/(Less): Adjustments to prior year balances - 123
(Less): Disposals 185 185
Add/(Less): Received current, not paid -123 -123
(Paid current year, received prior year)
Closing balance - 185 185

Sanitary and hygiene products donated by Procter & Gamble amounting to R185 000 were not yet distributed as of 31 March 2022.
The food items donated by the We Love You Foundation amounting to R123 000 were distributed in full by 30 September 2021.

Inventories for the year ended 31 March 2021 Food Items TOTAL
R’000 R’000
Opening balance
Add/(Less): Adjustments to prior year balances 123 123
Add/(Less): Adjustments - -
Closing balance 123 123

There was a prior year error identified in respect of the donation of R123 000 from the We love You Foundation. The donated food
parcels were received from the donor during the 2020/21 financial year. However, the donation was not recognised during that year
due to insufficient information. The opening balance of donations in kind has been adjusted accordingly.

DEPARTMENT OF SOCIAL DEVELOPMENT ANNUAL REPORT 2021/22 225