Page 264 - SAMRC Annual Report 2023-24

ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
NOTES TO THE ANNUAL FINANCIAL STATEMENTS

(CONTINUED)

3. Financial assets at fair value (continued)

Reconciliation of financial assets at fair value through surplus or deficit measured in level 1
Reconciliation of financial assets at fair value through surplus or deficit measured in level 1 – 31 March 2024
GAINS OR
LOSSES IN
OPENING SURPLUS OR CLOSING
BALANCE DEFICIT PURCHASES SALES BALANCE
Class 1 Listed shares 809,814 173,642 – (1,170) 982,286
Class 2 Unit trusts 8,339,199 37,789 191,740 – 8,568,728
9,149,013 211,431 191,740 (1,170) 9,551,014

Reconciliation of financial assets at fair value through surplus or deficit measured in level 1 – 31 March 2023
GAINS OR
LOSSES IN
OPENING SURPLUS OR CLOSING
BALANCE DEFICIT PURCHASES SALES BALANCE
Class 1 Listed shares 1,033,443 (219,299) – (4,330) 809,814
Class 2 Unit trusts 8,261,343 (148,165) 226,021 – 8,339,199
9,294,786 (367,464) 226,021 (4,330) 9,149,013

2024 2023
31 MARCH 31 MARCH
R R
4. Receivables from exchange transactions

Trade and research grant debtors 80,582,877 111,904,934
Employee costs in advance 179,141 225,864
Deposits 7,454,795 546,661
88,216,813 112,677,459
The decrease in receivables from exchange transactions is attributed to lower funder/grantor debtors. There is a decrease
in employee costs in advance and an increase in deposits.

Credit quality of trade debtors
The credit quality of research grant debtors that are neither past nor due nor impaired can be assessed by reference to
historical information about the specific debtor.

Trade and other receivables
Trade and research grant receivables which are less than one month past due are not considered to be impaired. At
31 March 2024: R19,487,539 (31 March 2023: R6,856,561) were past due but not impaired as the debtors paid subsequent
to the reporting date or there is a firm commitment to settle the debt.
The ageing of amounts past due but not impaired is as follows:

1 month past due 2,706,521 6,856,561
2 months past due 9,139,800 –
3 months past due 7,641,218 –

262 SAMRC ANNUAL REPOR T 2023-24