Page 227 - SAMRC Annual Report 2023-24

FINANCIAL INFORMATION

ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2024

31 MARCH 31 MARCH
2024 2023
NOTE(S) R R

Assets
Current Assets
Financial assets at fair value 3 9,551,014 9,149,013
Receivables from exchange transactions 4 88,216,813 112,677,459
Receivables from non-exchange transactions 5 9,055,438 5,517,069
VAT receivable 6 25,439,861 16,208,647
Prepayments 7 15,370,930 11,019,539
Cash and cash equivalents 8 522,082,612 719,684,368

669,716,668 874,256,095
Non-Current Assets
Biological assets that form part of an agricultural activity 9 25,000 25,000
Property, plant and equipment 10 310,432,000 275,676,596
Intangible assets 11 19,113,116 14,223,042
Living resources 12 1,063,039 1,162,147
Investments in controlled entities 13 2 2
Employee benefit asset 17 8,961,000 6,494,000
339,594,157 297,580,787
Total Assets 1,009,310,825 1,171,836,882
Liabilities
Current Liabilities
Payables from exchange transactions 14 115,637,520 166,490,447
Provisions 15 21,019,052 11,073,721
Deferred income 16 448,637,352 549,632,730
585,293,924 727,196,898
Non-Current Liabilities
Employee benefit obligation 17 5,913,000 5,527,000
Earmarked funds 18 5,155,290 4,797,766
11,068,290 10,324,766
Total Liabilities 596,362,214 737,521,664
Net Assets 412,948,611 434,315,218
Accumulated surplus 19 412,948,611 434,315,218

SAMRC ANNUAL REPOR T 2023-24 225