Page 339 - SAMRC Annual Report 2024-2025

FINANCIAL INFORMATION

DETAILED INCOME STATEMENT

2025 2024
31 MARCH 31 MARCH
NOTE(S) R R
Revenue
Revenue from exchange transactions
Rendering of services 546,086,648 552,429,032
Rental income 6,023,856 6,208,292
Other income 20,645,897 13,277,161
Interest received – investment 22 54,210,410 62,613,758
Gain on foreign exchange 122,888 1,162,965
Fair value adjustments 1,477,299 211,431
Dividends or similar distributions received 22 182,582 181,529
Total revenue from exchange transactions 628,749,580 636,084,168

Revenue from non-exchange transactions
Transfer revenue
Government grants & subsidies 724,161,231 660,413,043
Income from contracts and grants (non-exchange) 138,597,870 134,413,603
Total revenue from non-exchange transactions 862,759,101 794,826,646
Total revenue 20 1,491,508,681 1,430,910,814

Expenditure
Employee related costs 24 (599,247,707) (551,948,716)
Depreciation and amortisation (37,225,735) (32,649,514)
Reversal of impairments 29 (1,353,329) (1,235,223)
Finance costs 25 (287,363) (371,551)
Lease rentals on operating lease (4,306,707) (3,895,033)
Debt Impairment (reversal) 26 (3,166,724) 136,828
Repayment of conference registration fees (14,808,926) –
General expenses 27 (272,129,587) (268,191,189)
Repairs and maintenance (22,029,682) (19,705,477)
Collaborative research costs 28 (473,670,196) (550,795,556)
Surrender of surplus 30 – (20,000,000)
Loss on disposal of assets and liabilities (2,616,517) (3,621,990)
Total expenditure (1,430,842,473) (1,452,277,421)
Surplus (deficit) for the year 60,666,208 (21,366,607)

The supplementary information presented does not form part of the financial statements and is unaudited.

SAMRC ANNUAL REPOR T 2025-26 337