Page 301 - SAMRC Annual Report 2023-24

FINANCIAL INFORMATION

DETAILED INCOME STATEMENT

31 MARCH 31 MARCH
2024 2023
NOTE(S) R R
Revenue
Revenue from exchange transactions
Rendering of services 552,429,032 466,501,867
Rental income 6,208,292 6,661,641
Gain on foreign exchange 1,162,965 8,458,753
Other income 13,277,161 12,910,101
Interest received – investment 22 62,613,758 42,317,948
Fair value adjustments 211,431 –
Dividends received 22 181,529 227,927
Total revenue from exchange transactions 636,084,168 537,078,237

Revenue from non-exchange transactions
Transfer revenue
Government grants & subsidies 660,413,043 677,264,348
Income from contracts and grants (non-exchange) 134,413,603 126,871,219
Total revenue from non-exchange transactions 794,826,646 804,135,567
Total revenue 20 1,430,910,814 1,341,213,804

Expenditure
Employee related costs 24 (551,948,716) (484,065,156)
Depreciation and amortisation (32,649,514) (26,087,381)
(Reversal of impairments) Impairment loss 47 (1,235,223) 1,251,843
Finance costs 25 (371,551) (293,179)
Lease rentals on operating lease (3,895,033) (3,340,910)
Debt Impairment 26 136,828 (356,428)
Fair value adjustments 30 - (367,464)
General Expenses 27 (268,191,189) (239,911,953)
Repairs and maintenance (19,705,477) (20,384,868)
Collaborative research costs 28 (550,795,556) (557,624,439)
Surrender of surplus 29 (20,000,000) -
Loss on disposal of assets and liabilities (3,621,990) (2,488,740)
Total expenditure (1,452,277,421) (1,333,668,675)
(Deficit) surplus for the year (21,366,607) 7,545,129

The supplementary information presented does not form part of the financial statements and is unaudited.

SAMRC ANNUAL REPOR T 2023-24 299