Chapter 2 - P rogramme 1 - Department of Defence

| Financial Performance |
Annual Report FY 2007 - 2008 342
| Department of Defence | Vote 20 |
SPECIAL DEFENCE ACCOUNT
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2008 (continued)
2007/08 2006/07
R’000 R’000
2. Advances 14 727 12 049
National Defence Force projects 10 522 5 251
Strategic Defence Procurement Programme (SDPP)
subsistence & travel advances
4 205 6 798
3. Trade and other receivables 73 668 117 066
Trade debtors 28 000 72 792
Intelligence division 31 085 26 844
Special forces 9 007 8 896
Clearing account 5 576 8 534
3.1 Included in the amount of Trade debtors is a short-term receivable of R4 million and a long-term receivable
of R24 million
4. Cash and cash equivalents
Paymaster General Account 4 127 957 3 898 893
5. Investments 18 653 16 930
Corporation for Public Deposits 140 127
Corporation for Public Deposits (Compliance Programme) 18 513 16 803
6. Creditors 261 899 603 352
Compliance Programme as per agreement between the
USA and SA Governments
18 513 16 803
Opening balance at beginning of year 16 803 15 536
Interest earned on investment 1 710 1 267
Contract fines 17 120 20 827
Revenue payable to the National Revenue Fund 120 480 125 423
Trade creditors 90 987 205 116
Provision for Strategic Defence Procurement Programme 11 520 225 577
Other 3 279 9 606
6.1 Included in the provision of R11 520 486 is no foreign component of the Strategic Defence Procurement
Programme. This amount relates to invoices and goods received prior to 31 March 2008 in respect of the
Strategic Defence Procurement Programme. The amount is contractually payable in the 2008/2009 financial
year and will be funded from the 2008/2009 Department of Defence transfer payment. No forward cover
was utilised.