Page 340 - 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
25. Employee related costs

Basic 507,814,705 486,275,612
Bonus 15,381,637 15,319,163
UIF 1,718,499 1,836,672
Leave payments 14,892,428 12,410,126
Movements in retirement benefit assets and liabilities (5,642,882) (2,457,000)
Other salary related costs 18,654,099 17,795,555
Defined pension benefit plan expense – current service cost 1,552,093 1,810,356
Overtime payments 1,190,495 1,583,404
Temporary staff 26,052,905 27,299,547
Defined pension contribution plan expense 37,673,757 35,619,889
Post retirement medical aid contribution 1,010,752 1,754,383
620,298,488 599,247,707
The bonus amount is the provision for performance bonus.

Basic salary includes other non pensionable allowances for the period under review.
Staff exercised the option to encash a maximum of ten days leave, the encashment of leave is included in the
leave payments amount.
26. Finance costs

Other interest paid 2,068,931 287,363

Other interest comprises: reversed interest previously reflected as interest due to its funders for monies received
in advance March 2026: RNil; (March 2025: R103,781); refund interest due to its funders/social impact investor for
monies received in advance (March 2026: R1,702,445; March 2025: RNil); to the earmarked funds (March 2026:
R366,221; March 2025: R389,470). Interest paid to suppliers for late payments of account is not classified as
fruitless and wasteful expenditure if the invoice is received late from the supplier (March 2026: R265; March 2025:
R1,674).
27. Debt impairment

Debt Impairment – 379,074
Provision for debt impairment – 2,787,650
– 3,166,724

The expected credit loss (ECL) allowance for 2026 is RNIL, all debt is expected to be fully recovered. The entity
applied modified retrospective transition approach for GRAP 104 (Revised). The cumulative effective of the initial
application, being an ECL allowance of -R 3,277,134 on trade receivables at 1 April 2025, was recognised as an
adjustment to the opening balance of accumulated surplus. (March 2025 provision for bad debts of R3,340,265
(including VAT of R63,131).

In 2024/2025 the debt written off relates to an amount owed by GFC Diagnostics Ltd, an overseas supplier who was
paid in advance for test kits. The supplier was requested to repay SAMRC for the test kits not received. Attempts to
recover the monies were unsuccessful.

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