Page 322 - SAMRC AnnualReport 2025-26

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

9. Biological assets that form part of an agricultural activity

31 MARCH 2026 31 MARCH 2025
ACCUMULATED ACCUMULATED
DEPRECIATION DEPRECIATION
AND AND
COST/ ACCUMULATED CARRYING COST/ ACCUMULATED CARRYING
VALUATION IMPAIRMENT VALUE VALUATION IMPAIRMENT VALUE
R R R R R R
Bearer mature
biological assets 15,000 – 15,000 20,000 – 20,000

Reconciliation of biological assets that form part of an agricultural activity – 31 March 2026
OPENING
BALANCE DISPOSALS TOTAL
Bearer mature biological assets 20,000 (5,000) 15,000

Reconciliation of biological assets that form part of an agricultural activity – 31 March 2025
OPENING
BALANCE DISPOSALS TOTAL
R R R
Bearer mature biological assets 25,000 (5,000) 20,000

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.

31 MARCH 31 MARCH
2026 2025
R R
Fair value less cost to sell of biological assets during the period. 15,000 20,000

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