Page 283 - SAMRC Annual Report 2023-24

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
22. Investment income

Dividend revenue
Listed financial assets – Local 181,529 227,927

Interest revenue
Unit trusts 46,831 32,068
Bank 649,409 335,706
Interest charged (reversed) on trade and other receivables 1,900 (17,155)
Corporation for public deposits 61,915,618 41,967,329
62,613,758 42,317,948
62,795,287 42,545,875

23. Operating expenses

Depreciation and amortisation 32,649,514 26,087,381
Collaborative research costs 550,795,556 557,624,439
Debt impairment (reversal) (136,828) 356,428
Employee costs 551,948,716 484,065,156
Loss on disposals 3,621,990 2,488,740
Impairment loss (reversal) of impairments on property, plant and equipment 1,235,223 (1,251,843)
General expenses 268,191,189 239,911,953
Lease rentals on operating lease 3,895,033 3,340,910
Repairs and maintenance 19,705,477 20,384,868
Surrender of surplus 20,000,000 –
1,451,905,870 1,333,008,032

The 2023 General expenses amount has been amended due to the reclassification of the Collaborative research costs
previously included now disclosed separately (R557,624,439).

SAMRC ANNUAL REPOR T 2023-24 281