159 FINANCIAL STATEMENTS 20. Surplus from operating activities Surplus from operating activities includes the following separately disclosable items: 21. Finance income Finance income comprises: 22. Finance costs Finance costs included in surplus or deficit: 23. Income tax expense/(credit) Grain SA is exempt in terms of section 30B of the Income Tax Act and as such all its income is exempt from income tax in terms of section 10(1)(d)(iv)(bb) of the Act. Phahama Grain Phakhama meets the requirements of a Public Benefit Organisation set out in section 30(3) of the Income Tax Act 58 of 1962. The entity is exempt from income tax in terms of section 10(1)(cN) of the Act. Commercial Producers Trust qualifies for the income tax exemption in terms of Article 10(1)(cN) and 20; and paragraph 8 of the Ninth Schedule of the Act. Nampo provides for income tax in terms of the requirements of the Income Tax Act. 2025 2024 2025 2024 R R R R Other operating expenses Property plant and equipment – depreciation 3 663 352 3 432 132 1 341 376 1 633 217 Intangible assets – amortisation 709 258 543 101 - - 2025 2024 2025 2024 R R R R Interest received 5 832 596 4 738 743 928 723 13 086 Interest received from subsidiaries - - 4 250 000 4 625 000 Dividends received 1 439 618 1 433 839 286 864 259 467 Total finance income 7 272 214 6 172 582 5 465 587 4 897 553 2025 2024 2025 2024 R R R R Bank 178 - - - ORGANISATION ORGANISATION ORGANISATION GROUP GROUP GROUP
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