ANNUAL REPORT 2014/15

DEPARTMENT OF HIGHER EDUCATION AND TRAINING
VOTE 17
NOTES TO THE ANNUAL FINANCIAL STATEMENTS
for the year ended 31 March 2015
2014/15 2013/14
Note R’000 R’000
13. Voted funds to be surrendered to the Revenue Fund
Opening balance 1 931 3 721
Transfer from Statement of Financial Performance 1 160 1 931
1.1 - -
Paid during the year (1 931) (3 721)
Closing balance 1 160 1 931
14. Departmental revenue and NRF receipts to be
surrendered to the Revenue Fund
Opening balance 196 557
Transfer from Statement of Financial Performance 11 594 11 880
Paid during the year (11 443) (12 241)
Closing balance 347 196
15. Bank overdraft
Consolidated Paymaster-General Account 275 030 163 271
Total 275 030 163 271
The bank overdraft is due mainly in respect of March 2015 for services rendered on behalf of the National
Skills Fund and for the payment in respect of the NSF growth projects for the 201415 nancial year
and outstanding balances of the Gauteng Education Department that were taken over from the former
Department of Education. Claims in respect of March 2015 payments were only issued in April 2015.
16. Payables - current
Advances received 16.1 1 963 64 852
Clearing accounts 16.2 86 312
Other payables 16.3 875 248
Total 2 924 65 412
16.1 Advances received 16
Public entities 1 963 64 852
Total 1 963 64 852
16.2 Clearing accounts 16
Tax RSA 86 312
Total 86 312
16.3 Other payables 16
608 128
Other 30 18
237 102
Total 875 248
202