Page 268 - SAMRC Annual Report 2024-2025

ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
CASH FLOW STATEMENT

2025 2024
31 MARCH 31 MARCH
NOTE(S) R R
Cash flows from operating activities
Receipts
Interest income 54,210,410 62,613,758
Dividends received 182,582 181,529
Cash received from customers and grants 1,535,687,961 1,257,805,419
1,590,080,953 1,320,600,706

Payments
Suppliers (1,366,948,773) (1,462,563,440)
Finance costs (287,363) (371,551)
(1,367,236,136) (1,462,934,991)
Net cash flows from operating activities 34 222,844,817 (142,334,285)

Cash flows from investing activities
Purchase of property, plant and equipment 10 (60,193,366) (43,423,123)
Proceeds from sale of property, plant and equipment 10 827,541 373,175
Proceeds from sale of financial assets – 1,170
Purchase of other intangible assets 11 (6,093,820) (10,682,667)

Net cash flows from investing activities (65,459,645) (53,731,445)

Cash flows from financing activities
Movement in earmarked funds 389,471 357,524
Net cash flows from financing activities 389,471 357,524

Net increase/(decrease) in cash and cash equivalents 157,774,643 (195,708,206)
Cash and cash equivalents at the beginning of the year 522,082,612 719,684,368
Effect of exchange rate movement on cash balances (51,123) (1,893,550)
Cash and cash equivalents at the end of the year 8 679,806,132 522,082,612

An amount of R538,756,205 (31 March 2024: R448,637,352) 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 268 to 297 and the notes on pages 298 to 336 form an integral part of the annual financial
statements.

266 SAMRC ANNUAL REPOR T 2025-26