Page 329 - 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)

16. Provisions (continued)

Other provisions
The other provisions at 31 March 2026 relate to a repayment of unspent grant funds and the Department of
Labour assessment for the claim for occupational injury on duty assessment for 2026 (COIDA). (March 2025: The
other provisions relate to the Department of Labour assessment for the claim for occupational injury on duty
assessment for 2025 (COIDA); a repayment of unspent grant funds and building retentions).

Social impact bond liability
At 31 March 2025 the provision was recognised as the social outcomes verified by the independent verification
agent indicated that the outcomes have been achieved. The amount reflected was an estimate at the reporting
date of the amount to be repaid. The payment to the social investor was made during the financial year under
review after the final verification of the last quarter results of the project.
Provision for performance bonus
The performance bonus cycle was changed after discussions and agreement with the union. The Accounting
Authority approved the change in bonus cycle which will result in payments being made after the financial
year end. The amount reflected is the 2025/2026 bonus provision and the unpaid amount of the 2023/2024 and
2024/2025 provision for performance bonuses. The basis used for the 2023/2024 and 2024/2025 bonus provision
was approved by Minister of Health with concurrence Minister of Finance and payment will be made during the
2026/2027 financial year.
17. Deferred Income

The increase in deferred income can be attributed to contract funds received in advance: Department of
Science and Technology; Department of Health; The ELMA Vaccine & Immunization Fund; Michelle & Susan
Dell Foundation; Global Fund; UKRI MRC; The Chan – Soon Shiong Family Foundation; Bill & Melinda Gates
Foundation and Wellcome Trust.
Included in the deferred income is funding received from the SA Government via the Emergency Fund to
support the national projects affected by the US Federal funding cuts.

31 MARCH 31 MARCH
2026 2025
R R
Deferred Income 701,523,065 538,756,205
Summary of deferred income
Research grants received in advance 701,150,056 538,571,439
Other funds received in advance 373,009 184,766
701,523,065 538,756,205

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