Page 300 - SAMRC Annual Report 2024-2025

ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
NOTES TO THE ANNUAL FINANCIAL STATEMENTS

2. New standards and interpretations
2.1 Standards and interpretations effective and adopted in the
current year

In the current year no new standards were adopted.
2.2 Standards and interpretations not yet effective or relevant

The following standards and interpretations have been published and are mandatory for the entity’s accounting
periods beginning on or after 1 April, 2025 or later periods but are relevant to its operations:

EFFECTIVE DATE:
YEARS BEGINNING
STANDARD/INTERPRETATION: ON OR AFTER EXPECTED IMPACT:
GRAP 106 Transfer of Functions Between Entities Not Undetermined Unlikely there will be a material impact
Under Common Control
GRAP 105 Transfer of Functions Between Entities Undetermined Unlikely there will be a material impact
Under Common Control
GRAP 2023 Improvements to the Standards of Undetermined Unlikely there will be a material impact
GRAP 2023
GRAP 1 (amended): Presentation of Financial Statements Undetermined Unable to reliably estimate the impact
(Going Concern)
GRAP 103 (as revised): Heritage Assets Undetermined Unlikely there will be a material impact
iGRAP 22 Foreign Currency Transactions and Advance 1 April, 2025 Unable to reliably estimate the impact
Consideration
GRAP 104 (as revised): Financial Instruments 1 April, 2025 Impact is currently being assessed
Guideline on The Application of Materiality to Financial Undetermined Unable to reliably estimate the impact
Statements

298 SAMRC ANNUAL REPOR T 2025-26