Page 230 - SAMRC Annual Report 2023-24

ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
CASH FLOW STATEMENT

31 MARCH 31 MARCH
2024 2023
NOTE(S) R R
Cash flows from operating activities
Receipts
Interest income 62,613,758 42,317,948
Dividends received 181,529 227,927
Cash received from customers and grants 1,257,805,419 1,329,664,509
1,320,600,706 1,372,210,384

Payments
Suppliers (1,462,563,440) (1,295,936,093)
Finance costs (371,551) (293,179)
(1,462,934,991) (1,296,229,272)
Net cash flows from operating activities 33 (142,334,285) 75,981,112

Cash flows from investing activities
Purchase of property, plant and equipment 10 (43,423,123) (52,981,179)
Proceeds from sale of property, plant and equipment 10 373,175 216,144
Proceeds from sale of financial assets 1,170 4,330
Purchase of other intangible assets 11 (10,682,667) (1,913,572)

Net cash flows from investing activities (53,731,445) (54,674,277)

Cash flows from financing activities
Movement in earmarked funds 357,524 240,868
Net cash flows from financing activities 357,524 240,868

Net increase/(decrease) in cash and cash equivalents (195,708,206) 21,547,703
Cash and cash equivalents at the beginning of the year 719,684,368 695,596,899
Effect of exchange rate movement on cash balances (1,893,550) 2,539,766
Cash and cash equivalents at the end of the year 8 522,082,612 719,684,368

An amount of R448,637,352 (31 March 2023: R549,632,730) included in cash and cash equivalents is due to cash received
from funders for research projects in progress or not yet completed.

The accounting policies on pages 230 to 259 and the notes on pages 260 to 298 form an integral part of the annual
financial statements.

228 SAMRC ANNUAL REPOR T 2023-24