Page 302 - SAMRC Annual Report 2024-2025

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

(CONTINUED)

3. Financial assets at fair value (continued)

Reconciliation of financial assets at fair value through surplus or deficit measured in level 1
Reconciliation of financial assets at fair value through surplus or deficit measured in level 1 – 31 March 2025
GAINS OR
LOSSES IN
OPENING SURPLUS OR CLOSING
BALANCE DEFICIT PURCHASES BALANCE
R R R R
Class 1 Listed shares 982,286 183,291 – 1,165,577
Class 2 Unit trusts 8,568,728 1,294,008 208,760 10,071,496
9,551,014 1,477,299 208,760 11,237,073

Reconciliation of financial assets at fair value through surplus or deficit measured in level 1 – 31 March 2024
GAINS OR
LOSSES IN
OPENING SURPLUS OR CLOSING
BALANCE DEFICIT PURCHASES SALES BALANCE
R R R R R
Class 1 Listed shares 809,814 173,642 – (1,170) 982,286
Class 2 Unit trusts 8,339,199 37,789 191,740 – 8,568,728
9,149,013 211,431 191,740 (1,170) 9,551,014

2025 2024
31 MARCH 31 MARCH
R R
4. Receivables from exchange transactions

Trade debtors 74,162,784 80,582,877
Employee costs in advance 1,686 179,141
Deposits 320,573 7,454,795
74,485,043 88,216,813

The decrease in receivables from exchange transactions is attributed to funder/grantor accrued income. There
is a decrease in deposits.

Credit quality of trade debtors
The credit quality of research grant debtors that are neither past nor due nor impaired can be assessed by
reference to historical information about the specific debtor.

Trade and other receivables past due but not impaired
Trade and research grant receivables which are less than one month past due are considered to be impaired
when the invoices were raised in previous periods and were re-issued during March 2025. (31 March 2024 no
trade and research grant receivables which are less than one month past due were considered to be impaired).
At 31 March 2025: R4,425,665, (31 March 2024: R19,487,539) were past due but not impaired as the debtors paid
subsequent to the reporting date or there is a firm commitment to settle the debt.
The ageing of amounts past due but not impaired is as follows:

1 month past due 2,976,839 2,706,521
2 months past due 122,123 9,139,800
3 months past due 1,326,703 7,641,218

300 SAMRC ANNUAL REPOR T 2025-26