Page 306 - SAMRC Annual Report 2024-2025

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

(CONTINUED)

9. Biological assets that form part of an agricultural activity
(continued)

Reconciliation of biological assets that form part of an agricultural activity – 31 March 2024
OPENING
BALANCE TOTAL
R R
Bearer mature biological assets 25,000 25,000

Methods and assumptions used in determining fair value
SAMRC holds horses as biological assets, horse blood is sold to laboratories when required.

All activities are monitored and controlled to ensure humane treatment of animals.
The last selling price per biological animal type is used to determine fair value.

2025 2024
31 MARCH 31 MARCH
R R
Fair value less cost to sell of biological assets during the period 20,000 25,000

10. Property, plant and equipment

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
Land 1,769,181 – 1,769,181 1,769,181 – 1,769,181
Buildings 227,940,578 (65,172,884) 162,767,694 196,829,639 (56,600,069) 140,229,570
Vehicles and containers 24,262,175 (15,313,477) 8,948,698 23,821,659 (14,925,034) 8,896,625
Furniture and office equipment 54,547,621 (22,666,029) 31,881,592 58,526,409 (27,165,370) 31,361,039
Computer equipment 109,226,279 (56,302,980) 52,923,299 106,345,287 (53,300,988) 53,044,299
Laboratory equipment 134,542,208 (55,139,947) 79,402,261 122,428,426 (47,297,140) 75,131,286
Total 552,288,042 (214,595,317) 337,692,725 509,720,601 (199,288,601) 310,432,000

Reconciliation of property, plant and equipment – 31 March 2025
OPENING DEPRE- IMPAIRMENT IMPAIRMENT
BALANCE ADDITIONS DISPOSALS TRANSFERS CIATION LOSS REVERSAL TOTAL
R R R R R R R R
Land 1,769,181 – – – – – – 1,769,181
Buildings 140,229,570 25,273,835 (185,077) 1,054,198 (3,136,304) (500,369) 31,841 162,767,694
Vehicles and
containers 8,896,625 2,542,498 (367,103) – (973,635) (1,414,319) 264,632 8,948,698
Furniture and office
equipment 31,361,039 5,430,561 (980,399) (1,054,197) (3,049,927) (333,084) 507,599 31,881,592
Computer equipment 53,044,299 11,589,367 (697,022) – (11,017,250) (241,210) 245,115 52,923,299
Laboratory equipment 75,131,286 16,633,749 (1,166,991) (1) (11,282,248) (471,331) 557,797 79,402,261
310,432,000 61,470,010 (3,396,592) – (29,459,364) (2,960,313) 1,606,984 337,692,725

304 SAMRC ANNUAL REPOR T 2025-26