Page 321 - 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
Subsistence and travel advances 348,936 302,111
Prepayments – other 17,846,961 16,764,873
18,195,897 17,066,984

The increase in prepayments – other is mainly as a result of an increase in computer software updates and
maintenance; computer warranties and equipment maintenance contracts paid during the period under review.
8. Cash and cash equivalents

Cash and cash equivalents consist of:
Cash on hand 29,646 25,040
Bank balances 952,763,417 679,781,092
952,793,063 679,806,132

Credit quality of cash at bank and short term deposits, excluding cash on hand
The credit quality of cash at bank and short term deposits, excluding cash on hand that are neither past due
nor impaired can be assessed by reference to external credit ratings (if available) or historical information about
counterparty default rates:

Credit rating
ABSA; FNB and Standard Bank zaA-1+ 34,648,495 37,103,376
Corporation for Public Deposits and Public Investors Corporation BB 918,114,922 642,677,716
952,763,417 679,781,092

Analysis of bank balances
ABSA (2025: ABSA and Standard Bank) 3,182,458 2,573,242
ABSA funder accounts 18,615,763 33,838,124
First National Bank 12,850,274 692,010
Cash at the Reserve Bank 918,114,922 642,677,716
952,763,417 679,781,092
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 (refer note 19) and Motor vehicle reserve fund.
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 5,348,802 5,095,082
Allocation for the period 242,040 253,720
5,590,842 5,348,802

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