Page 263 - SAMRC Annual Report 2023-24
P. 263
FINANCIAL INFORMATION
ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
NOTES TO THE ANNUAL FINANCIAL STATEMENTS
(CONTINUED)
31 MARCH 31 MARCH
2024 2023
R R
3. Financial assets at fair value
Designated at fair value
Class 1 Listed shares 982,286 809,814
Sanlam demutualisation shares No. of shares 12715 (2023: 12715); Old Mutual demutualisation
shares No. of shares 3682 (2023: 3682); Quilter shares No. of shares 924 (2023: 924) and
Nedbank Ltd shares No. of shares 145 (2023: 150)
Class 2 Unit trusts 8,568,728 8,339,199
SIM General Equity Fund R – 18492,97 units (2023: 18098,19 units) and
SIM Balanced Fund R – 32398,67 (2023: 31602,34)
9,551,014 9,149,013
Current assets
Designated at fair value 9,551,014 9,149,013
Financial assets at fair value
Fair value hierarchy of financial assets at fair value
For financial assets recognised at fair value, disclosure is required of a fair value hierarchy which reflects the significance of
the inputs used to make the measurements. The fair value hierarchy has the following levels:
Level 1 represents those assets which are measured using unadjusted quoted prices in active markets for identical assets.
Quoted selling price per share at 31 March 2024 (31 March 2023) is used.
Level 2 applies inputs other than quoted prices that are observable for the assets either directly (i.e. as prices) or indirectly
(i.e. derived from prices). The valuation certificate received from Sanlam indicating the unit balance and price per unit and
market value.
Level 3 applies inputs which are not based on observable market data.
Level 1
Class 1 Listed shares 982,286 809,814
Class 2 Unit trusts 8,568,728 8,339,199
9,551,014 9,149,013
The entity has not reclassified any financial assets from cost or amortised cost to fair value, or from fair value to cost or
amortised cost during the current or prior period.
The number of Nedbank shares was reduced by 5 shares due to the odd lot buy back of Nedbank shares for shareholding
of less than 100 shares in July 2023.
SAMRC ANNUAL REPOR T 2023-24 261
