Page 303 - 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
4. Receivables from exchange transactions
(continued)

Trade and other receivables impaired
The amount of the provision was R3,340,265 as of 31 March 2025
(31 March 2024: R489,484). All debtor balances are reviewed for impairment.
Impairment considerations include solvency of debtor and recoverability of
amount owed. Employee costs in advance are not considered for impairment
as these amounts are recovered/processed within 30 days.

Aged as follows:
Less than one month (re-issue of invoice) 457,804 –
1 month but less than 2 months past due 1,638,229 –
2 months but less than 3 months past due 250,738 –
More than 3 months past due 993,494 489,484

The carrying amount of trade debtors are denominated in the following
currencies:
Rand 63,184,709 68,698,434
US Dollar 8,965,382 11,414,113
Euro 1,129,219 –
Pound sterling 883,474 470,330
74,162,784 80,582,877

Reconciliation of provision for impairment of trade and other receivables
Opening balance 489,484 626,312
Provision for impairment 3,340,265 489,484
Unused amounts reversed (489,484) (626,312)
3,340,265 489,484

5. Receivables from non-exchange transactions

Research grant debtors 21,723,586 9,055,438
At 31 March 2025 there were funder/grantor non-exchange debtors and accrued income (31 March 2024 there
were funder/grantor non-exchange debtors and accrued income).

SAMRC ANNUAL REPOR T 2025-26 301