Page 305 - 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
8. Cash and cash equivalents

Cash and cash equivalents consist of:
Cash on hand 25,040 36,485
Bank balances 679,781,092 522,046,127
679,806,132 522,082,612

Analysis of bank balances
ABSA and Standard Bank 2,573,242 5,147,192
ABSA funder accounts 33,838,124 12,573,776
First National Bank 692,010 543,393
Cash at the Reserve Bank 642,677,716 503,781,766
679,781,092 522,046,127

The cash at the Reserve Bank includes funds for the Botha Trust; Bruhns Trust; Melville Douglas Trust;
Q&S Abdool Karim Trust; FJ Kleynhans Trust and Motor vehicle reserve fund (refer note 18).

The Motor vehicle reserve fund was established to provide self-insurance of motor vehicles with a low market value.
Motor vehicle reserve fund
Balance at beginning of year 5,095,082 4,854,812
Allocation for the year 253,720 240,270
5,348,802 5,095,082

9. Biological assets that form part of an agricultural activity

31 MARCH 2025 31 MARCH 2024

ACCUMULATED ACCUMULATED
DEPRECIATION DEPRECIATION
AND AND
COST/ ACCUMULATED CARRYING COST/ ACCUMULATED CARRYING
VALUATION IMPAIRMENT VALUE VALUATION IMPAIRMENT VALUE
R R R R R R
Bearer mature
biological assets 20,000 – 20,000 25,000 – 25,000

Reconciliation of biological assets that form part of an agricultural activity – 31 March 2025
OPENING
BALANCE DISPOSALS TOTAL
Bearer mature biological assets 25,000 (5,000) 25,000

SAMRC ANNUAL REPOR T 2025-26 303