Page 304 - SAMRC Annual Report 2024-2025

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
5. Receivables from non-exchange transactions
(continued)

Receivables from non-exchange transactions past due
but not impaired
Research grant receivables from non-exchange transactions which are
less than one month past due are not considered to be impaired. At
31 March 2025: Nil (31 March 2024: Nil) were past due but not impaired.

Receivables from non-exchange transactions impaired
The amount of the provision was Nil as at 31 March 2025 (31 March 2024:
Nil), the amounts owing are considered fully recoverable.

The carrying amount of other receivables from non-exchange transactions
are denominated in the following currencies:
Rand 21,402,026 9,055,438
Pound sterling 321,560 –

21,723,586 9,055,438

6. VAT receivable

VAT 13,248,404 25,439,861
7. Prepayments

Prepayments – other relate to expenditure paid in advance for subscriptions; membership fees; annual computer
licenses; computer software updates and maintenance; computer warranties; insurance; conference registrations
and equipment maintenance.

Subsistence and travel advances 302,111 274,614
Prepayments – other 16,764,873 15,096,316
17,066,984 15,370,930

The increase in prepayments – other is mainly as a result of an increase in computer software updates and
maintenance; computer warranties and equipment maintenance contracts paid during the period under review.

302 SAMRC ANNUAL REPOR T 2025-26