129 / 138
125
2022 2021
R
R
7. Other financial assets
At fair value
Sanlam Investment portfolio – Grain South Africa
20 286 112
14 591 147
Sanlam Investment portfolio – Farmer Development
-
7 456 177
Agri-bel Limited 32 062 shares @ R6,50 (2021: 32 062 @ R6)
240 465
208 403
20 526 577
22 255 727
12. Trade and other payables
Trade payables
15 268 362
2 473 439
Value Added Taxation
-
31 396
Income received in advance
12 732 336
30 828 666
Accrued employee cost
2 979 339
3 199 999
Accrued expenses
518 610
180 000
31 498 647
36 713 500
10. Cash and cash equivalents
Cash on hand
9 862
5 870
Bank balances
3 209 297
4 342 111
Bank balance: Money market
13 739 933
12 025 882
Bank balance: Research projects
6 740 510
5 654 487
23 699 602
22 028 350
8. Inventories
Beverages
316 690
136 218
316 690
136 218
9. Trade and other receivables
Trade receivables net of provision for bad debts
8 793 234
5 369 422
Prepaid expenses
757 756
452 916
Deposits
180 735
204 755
Value Added Taxation
60 317
-
9 792 042
6 027 093
The fair value of the investments is based on the quoted market price.
The Farmer Development Sanlam Investment portfolio was transferred to Phahama Grain Phakama NPC.
The provision for bad debts amounts to R- (2021: R-).
11. Commitments under operating leases
The organisation rents several sales offices under operating leases. The leases are renewed annually.
FINANC
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STATEMEN
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