Page 316 - SAMRC AnnualReport 2025-26

ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
NOTES TO THE ANNUAL FINANCIAL STATEMENTS

2. New standards and interpretations
2.1 Standards and interpretations effective and adopted in the
current year

In the current year, the entity has adopted the following standards and interpretations that are effective for the
current year and that are relevant to its operations.

iGRAP 22 Foreign Currency Transactions and Advance 1 April 2025 The impact is not material.
Consideration
GRAP 104 (as revised): Financial Instruments 1 April 2025 The impact is not material,
additional disclosure required.
2.2 Standards and interpretations not yet effective or relevant

The following standards and interpretations have been published and are mandatory for the entity’s accounting
periods beginning on or after 1 April 2026 or later periods but are relevant to its operations:

EFFECTIVE DATE:
YEARS BEGINNING
STANDARD/INTERPRETATION: ON OR AFTER EXPECTED IMPACT:
GRAP 107 Mergers 1 April 2027 Unlikely there will be a material impact
GRAP 106 Transfer of Functions Between Entities Not 1 April 2027 Unlikely there will be a material impact
Under Common Control
GRAP 105 Transfer of Functions Between Entities 1 April 2027 Unlikely there will be a material impact
Under Common Control
GRAP 2023 Improvements to the Standards of Undetermined Unlikely there will be a material impact
GRAP 2023
GRAP 1 (amended): Presentation of Financial 1 April 2027 Unlikely there will be a material impact
Statements (Going Concern)
GRAP 103 (as revised): Heritage Assets 1 April 2027 Unlikely there will be a material impact
Guideline on The Application of Materiality to Undetermined
Financial Statements

314 SA M R C A N N U A L R EP O R T 2 0 2 5 / 2 0 2 6