Page 345 - 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)

31 MARCH 31 MARCH
2026 2025
R R
35. Commitments

Authorised commitments
Already contracted for but not provided for
– Property, plant and equipment – buildings 1,206,531 958,893
– Property, plant and equipment – furniture and office equipment 106,558 941,631
– Property, plant and equipment – computer equipment 716,310 9,975,937
– Property, plant and equipment – laboratory equipment 727,181 147,759
– Intangible assets 78,200 30,470
– Goods and services 32,847,975 18,346,387
– Operating leases 7,224,241 11,086,127
42,906,996 41,487,204
Total capital commitments
Already contracted for but not provided for 42,906,996 41,487,204

This committed expenditure relates to property, plant and equipment;
intangible assets; goods and services and will be financed by retained
surpluses, existing cash resources and funds internally generated.

Operating leases – as lessee (expense)
Minimum lease payments due
– within one year 4,186,429 3,875,886
– in second to fifth year inclusive 3,037,812 7,210,241
7,224,241 11,086,127

Operating lease payments represent rentals payable by the entity for
certain of its office properties. Leases are negotiated for an average term of
three years. No contingent rent is payable.

Operating leases – as lessor (income)
Minimum lease payments due
– within one year 4,651,829 5,859,476
– in second to fifth year inclusive 6,491,622 10,330,466
– later than five years 632,385 1,445,370
11,775,836 17,635,312

Certain of the entity’s buildings generate rental income. Lease agreements have terms from 12 months to 9 years
and eight months.

SA M R C A N N U A L R EP O R T 2 0 2 5 / 2 0 2 6 343