Page 344 - 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
34. Cash generated from operations

Surplus 104,128,008 60,666,208
Adjustments for:
Depreciation and amortisation 46,376,503 37,225,735
Loss on disposal of assets 2,376,860 2,616,517
(Loss) gain on foreign exchange 1,727,423 (122,888)
Fair value adjustments (2,482,462) (1,477,299)
Impairment (227,281) 1,353,329
Reversal of Debt impairment – recognised on transition of GRAP 104 (revised) 3,277,134 –
Debt impairment – Other – 3,166,724
Movements in operating lease assets and accruals 43,555 –
Movements in retirement benefit assets and liabilities (5,642,882) (2,457,000)
Movements in provisions (10,615,943) 35,746,396
Capitalisation of financial assets (256,522) (208,760)
Straight lining of operating lease expenses 198,192 –
Non-cash donations and other in-kind benefits (54,674,017) –
Non-cash adjustment on biological assets 5,000 5,000
Non-cash adjustment on living resources (159,546) (280,959)
Other non-cash items: property, plant and equipment – 16,150
Changes in working capital:
Receivables from exchange transactions 25,271,868 10,739,057
Other receivables from non-exchange transactions (43,649,250) (12,668,148)
Prepayments (1,128,913) (1,696,054)
Payables from exchange transactions 32,149,348 (12,089,501)
VAT 5,001,108 12,191,457
Payables from non-exchange transactions 64,996,908 –
Deferred income 162,624,126 90,118,853
329,339,217 222,844,817

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