Chapter 2 - P rogramme 1 - Department of Defence

| Financial Performance |
Annual Report FY 2007 - 2008 296
| Department of Defence | Vote 20 |
STATEMENT OF CHANGES IN NET ASSETS
for the year ended 31 March 2008
Note 2007/08 2006/07
R’000 R’000
Capitalisation Reserves
Opening balance - -
Other movements 75 000 -
Balance at 31 March 75 000 -
Recoverable revenue
Opening balance 109 373 62 461
Transfers 9 601 46 912
Irrecoverable amounts written off 6.5 (4 084) (5 016)
Debts revised 13.3 (3 796) (2 401)
Debts recovered (included in departmental receipts) (33 820) (25 262)
Debts raised 51 301 79 591
Closing Balance at 31 March 118 974 109 373
TOTAL 193 974 109 373