Page 308 - SAMRC Annual Report 2024-2025

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

(CONTINUED)

31 MARCH 2025 31 MARCH 2024
R R
10. Property, plant and equipment (continued)

Property, plant and equipment in the process of being constructed
or developed
Cumulative expenditure recognised in the carrying value of property, plant and equipment
Buildings 3,591,971 4,648,683

Reconciliation of Work-in-Progress 31 March 2025
INCLUDED WITHIN
INFRASTRUCTURE TOTAL
R R
Opening balance 4,648,683 4,648,683
Additions/capital expenditure 14,169,511 14,169,511
Transferred to expense (16,150) (16,150)
Capitalised to buildings (15,210,073) (15,210,073)
3,591,971 3,591,971

Reconciliation of Work-in-Progress 31 March 2024

Opening balance 6,069,528 6,069,528
Additions/capital expenditure 203,428 203,428
Transferred to expense (1,624,273) (1,624,273)
4,648,683 4,648,683

Expenditure incurred to repair and maintain property, plant and equipment

Expenditure incurred to repair and maintain property, plant and equipment included in Statement of
Financial Performance
Contracted services 20,103,901 17,598,774

11. Intangible assets

31 MARCH 2025 31 MARCH 2024

ACCUMULATED ACCUMULATED
AMORTISATION AMORTISATION
AND AND
COST/ ACCUMULATED CARRYING COST/ ACCUMULATED CARRYING
VALUATION IMPAIRMENT VALUE VALUATION IMPAIRMENT VALUE
R R R R R R
Computer software 37,783,286 (22,101,586) 15,681,700 35,589,950 (16,476,834) 19,113,116

306 SAMRC ANNUAL REPOR T 2025-26