Page 287 - 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
30. Fair value adjustments

Other financial assets
Other financial assets at fair value 211,431 (367,464)

31. Auditors’ remuneration

Fees 3,312,042 2,962,152

32. Operating deficit

Operating deficit for the year is stated after accounting for the following:

Operating lease charges
Premises
Contractual amounts 3,895,033 3,340,910

Loss on disposal of assets 3,621,990 2,488,740
Impairment loss/reversal of impairments on property, plant and equipment 1,235,223 (1,251,843)
(Gain) on exchange differences (1,162,965) (8,458,753)
Amortisation on intangible assets 6,817,648 3,612,309
Depreciation on property, plant and equipment 25,771,958 22,387,979
Depreciation on living resources 59,908 87,093
Employee costs 551,948,716 484,065,156
General expenses 268,191,189 239,911,953

SAMRC ANNUAL REPOR T 2023-24 285