Page 328 - SAMRC AnnualReport 2025-26

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
15. Payables from non-exchange transactions

Other payables from non-exchange transactions 64,996,908 –

The other payable from non-exchange transactions relate to donation payable to
Afrigen (R20, 000,00) at year end and the payable that will be settled by the foreign
donor funded project sponsor (R44,996,908)

Split between financial instruments and non-financial
instruments
Other non-financial instruments related 64,996,908 –
Carrying amount of non-financial instruments 64,996,908 –
Total split between financial instruments and non-financial instruments 64,996,908 –
16. Provisions

Reconciliation of provisions – 31 March 2026
UTILISED
OPENING DURING
BALANCE ADDITIONS THE YEAR TOTAL
R R R R
Provision for legal fees 929,019 – – 929,019
Provision for performance bonus 24,392,312 15,381,637 (7,555,294) 32,218,655
Social impact bond liability 27,397,800 – (27,397,800) –
Other provisions 4,046,317 13,001,831 (4,046,317) 13,001,831
56,765,448 28,383,468 (38,999,411) 46,149,505

Reconciliation of provisions – 31 March 2025

UTILISED
OPENING DURING
BALANCE ADDITIONS THE YEAR TOTAL
R R R R
Provision for legal fees 929,019 – – 929,019
Provision for collaborative research 188,000 – (188,000) –
Provision for performance bonus 15,842,307 15,319,163 (6,769,158) 24,392,312
Social impact bond liability – 27,397,800 – 27,397,800
Other provisions 4,059,726 4,046,317 (4,059,726) 4,046,317
21,019,052 46,763,280 (11,016,884) 56,765,448
Collaborative research costs
At 31 March 2026 and 31 March 2025 there were no collaborative research provisions and the 2023/2024 year’s
amounts were settled during 2024/2025.

Provision for legal fees
The legal fees provision relates to the estimated legal costs that is due to NEHAWU regarding a previous bonus dispute.

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