Page 301 - SAMRC Annual Report 2024-2025

FINANCIAL INFORMATION

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

(CONTINUED)

2025 2024
31 MARCH 31 MARCH
R R
3. Financial assets at fair value

Designated at fair value
Class 1 Listed shares 1,165,577 982,286
Sanlam demutualisation shares No. of shares 12715 (2024: 12715); Old Mutual
demutualisation shares No. of shares 3682 (2024: 3682); Quilter shares No. of shares
924 (2024: 924) and Nedbank Ltd shares No. of shares 145 (2024: 145)
Class 2 Unit trusts 10,071,496 8,568,728
SIM General Equity Fund R – 18839.23 units (2024: 18492,97 units) and SIM Balanced
Fund R – 33361,59 (2024: 32398,67)
11,237,073 9,551,014
Current assets
Designated at fair value 11,237,073 9,551,014

Financial assets at fair value
Fair value hierarchy of financial assets at fair value
For financial assets recognised at fair value, disclosure is required of a fair value hierarchy which reflects the
significance of the inputs used to make the measurements. The fair value hierarchy has the following levels:

Level 1 represents those assets which are measured using unadjusted quoted prices in active markets for identical
assets. Quoted selling price per share at 31 March 2025 (31 March 2024) is used.

Level 2 applies inputs other than quoted prices that are observable for the assets either directly (i.e. as prices) or
indirectly (i.e. derived from prices). The valuation certificate received from Sanlam indicating the unit balance and
price per unit and market value.

Level 3 applies inputs which are not based on observable market data.

Level 1
Class 1 Listed shares 1,165,577 982,286
Class 2 Unit trusts 10,071,496 8,568,728
11,237,073 9,551,014

The entity has not reclassified any financial assets from cost or amortised cost to fair value, or from fair value to
cost or amortised cost during the current or prior period.
The number of Nedbank shares was reduced by 5 shares due to the odd lot buy back of Nedbank shares for
shareholding of less than 100 shares in July 2023.

SAMRC ANNUAL REPOR T 2025-26 299