Page 274 - SAMRC AnnualReport 2025-26

ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
CASH FLOW STATEMENT

31 MARCH 31 MARCH
2026 2025
NOTE(S) R R
Cash flows from operating activities
Receipts
Interest income 70,033,419 54,210,410
Dividends or similar distributions received 226,550 182,582
Cash received from customers and grants 1,721,839,697 1,535,687,961
1,792,099,666 1,590,080,953

Payments
Suppliers (1,460,691,518) (1,366,948,773)
Finance costs (2,068,931) (287,363)
(1,462,760,449) (1,367,236,136)
Net cash flows from operating activities 34 329,339,217 222,844,817

Cash flows from investing activities
Purchase of property, plant and equipment 10 (51,940,352) (60,193,366)
Proceeds from sale of property, plant and equipment 10 105,801 827,541
Purchase of other intangible assets 11 (3,017,240) (6,093,820)
Net cash flows from investing activities (54,851,791) (65,459,645)

Cash flows from financing activities
Movement in earmarked funds 327,531 389,471
Net cash flows from financing activities 327,531 389,471

Net increase/(decrease) in cash and cash equivalents 274,814,957 157,774,643
Cash and cash equivalents at the beginning of the year 679,806,132 522,082,612
Effect of exchange rate movement on cash balances (1,828,026) (51,123)

Cash and cash equivalents at the end of the year 8 952,793,063 679,806,132
An amount of R701,523,065 (31 March 2025: R538,756,205) 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 274 to 313 and the notes on pages 314 to 357 form an integral part of the annual financial
statements.

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