Page 324 - SAMRC Annual Report 2024-2025

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

(CONTINUED)

2025 2024
31 MARCH 31 MARCH
R R
27. General expenses (continued)

Other expenses
Canteen costs 672,617 739,283
Administration costs 1,467,120 808,475
Personnel teas 1,994,771 1,716,130
Hire of premises and equipment 11,549,034 15,768,157
Licenses 100,782 103,680
Staff recruitment costs 176,357 226,465
Employee wellness costs 838,071 992,294
Pot and plant rental 110,098 105,717
Uniforms 446,094 420,079
Royalty distribution – 9,568
17,354,944 20,889,848

28. Collaborative research costs

Extramural units and self initiated research grants 273,055,985 278,377,447
Collaborating research partners and research grant awards 200,377,254 272,118,109
Sponsorships 236,957 300,000
473,670,196 550,795,556

Collaborative research costs include amounts that were paid to research institutions which relates to tranche
payments of contractual agreements signed with institutions who will conduct research on behalf of the SAMRC
as part of the entity’s mandate. No goods or services are received for these payments as they relate to start-up
costs for research, the 2024/2025 amount is R173,629,542 (2023/2024 amount is R117,714,713).

29. Impairment of assets

Impairments
Property, plant and equipment 1,353,329 1,235,223

Impairment of (Reversal of previously impaired) property, plant, and equipment were processed during the period
under review. Impairment of property, plant and equipment was identified at the year-end by management.
Internal indicators such as the research sites/laboratories not being active were key factors in deciding to impair
the property, plant and equipment.

30. Surrender of surplus

SAMRC was requested to repay unspent baseline funds received in 2021 for the Sisonke project during the
2023/2024 financial year.

Repayment of unspent funds received for the Sisonke project – 20,000,000

322 SAMRC ANNUAL REPOR T 2025-26