Page 273 - SAMRC AnnualReport 2025-26

F I NAN C IAL I N F O R MA T I O N

ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
STATEMENT OF CHANGES IN NET ASSETS

ACCUMULATED TOTAL NET
SURPLUS/DEFICIT ASSETS
R R
Balance at 1 April 2024 412,948,611 412,948,611
Changes in net assets
Surplus for the year 60,666,208 60,666,208
Total changes 60,666,208 60,666,208
Opening balance as previously reported 473,614,819 473,614,819
Adjustments
Adjustment on transition to GRAP 104 (Revised) 3,277,134 3,277,134
Balance at 1 April 2025 as restated * 476,891,953 476,891,953
Changes in net assets
Surplus for the year 104,128,008 104,128,008
Total changes 104,128,008 104,128,008
Balance at 31 March 2026 581,019,961 581,019,961
* The opening balance at 1 April 2025 has been restated to reflect the cumulative effect of the adoption of the revised GRAP 104 on Financial
Instruments, applied using the modified retrospective approach. Comparative figures for the year ended 31 March 2025 have not been restated.
Refer to the accounting policies note for further details.

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