Department of Defence Annual Report 2008-2009

| Department of Defence | Vote 19 |
STATEMENT OF FINANCIAL POSITION
for the year ended 31 March 2009
Note 2008/09 2007/08
R’000 R’000
ASSETS
Current assets 876 145 881 806
Unauthorised expenditure 8 20 625 20 625
Fruitless and wasteful expenditure 9 931 951
Cash and cash equivalents 10 61 433 57 768
Prepayments and advances 11 90 164 74 476
Receivables 12 690 630 715 624
Loans 13 12 362 12 362
| Financial Performance |
Non-current assets
Investments 14 75 000 75 000
TOTAL ASSETS 951 145 956 806
LIABILITIES
Current liabilities 707 994 762 832
Voted funds to be surrendered to the Revenue Fund 15 97 741 268 178
Departmental revenue to be surrendered to the Revenue Fund 16 7 954 105 724
Bank overdraft 17 572 473 228 501
Payables 18 29 826 160 429
Non-current liabilities
Payables 19 6 135 -
TOTAL LIABILITIES 714 129 762 832
NET ASSETS 237 016 193 974
Represented by:
Capitalisation Reserves 75 000 75 000
Recoverable revenue 162 016 118 974
TOTAL 237 016 193 974
Annual Report FY 2008 - 2009 296