Page 317 - SAMRC AnnualReport 2025-26

F I NAN C IAL I N F O R MA T I O N

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

31 MARCH 31 MARCH
2026 2025
R R
3. Financial assets at fair value

Class 1 Listed shares 1,257,334 1,165,577
Sanlam demutualisation shares No. of shares 12715 (2025: 12715); Old Mutual
demutualisation shares No. of shares 3682 (2025: 3682); Quilter shares No. of shares
924 (2025: 924) and Nedbank Ltd shares No. of shares 145 (2025: 145)
Class 2 Unit trusts 12,718,723 10,071,496
SIM General Equity Fund R – 19207,49 units (2025: 18839,23 units) and SIM Balanced
Fund R – 34288,85 units (2025: 33361,59 units)
13,976,057 11,237,073
Split between financial instruments and non-financial instruments
Carrying amount of financial instruments 13,976,057 11,237,073
Split of carrying amount of financial instruments into categories
Financial assets measured at fair value through surplus or deficit 13,976,057 11,237,073

Financial assets at fair value
Fair value hierarchy of financial assets at fair value
For financial assets recognised at fair value, disclosure is required of a fair value hierarchy which reflects the
significance of the inputs used to make the measurements. The fair value hierarchy have the following levels:

Level 1 represents those assets which are measured using unadjusted quoted prices in active markets for identical
assets. Quoted selling price per share at 31 March 2026 (31 March 2025) is used.

Level 2 applies inputs other than quoted prices that are observable for the assets either directly (i.e. as prices) or
indirectly (i.e. derived from prices). The valuation certificate received from Sanlam indicating the unit balance and
price per unit and market value.

Level 3 applies inputs which are not based on observable market data.

Level 1
Class 1 Listed shares 1,257,334 1,165,577
Class 2 Unit trusts 12,718,723 10,071,496
13,976,057 11,237,073
The entity has not reclassified any financial assets from cost or amortised cost to fair value, or from fair value to
cost or amortised cost.

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