161 FINANCIAL STATEMENTS The financial statement items sold as part of the transaction: Nampo (Pty) Ltd Total R R Cash and cash equivalents 43 544 462 43 544 462 Accounts receivable 12 677 205 12 677 205 Accounts payable (4 954 098) (4 954 098) Other debtors 510 053 510 053 Movable assets 1 456 542 1 456 542 Intangible assets 1 422 376 1 422 376 Borrowings 24 432 695 24 432 695 Business liabilities (17 617 147) (17 617 147) Inventory 318 005 318 005 Subtotal 61 790 093 61 790 093 Interest accrued (Note 12 and 21) 4 625 000 4 625 000 Loan advanced (Note 12) 66 415 093 66 415 093 The final purchase price was contingent on the approval of the disposal of two immovable properties by the Congress of Grain South Africa that was held in March 2025. The approval was duly obtained. The final purchase price includes the two properties below (fairly valued) as well as the loan that already existed (subtotal for 2024 above and Note 13). 2025 Amount 1. Remainder of the farm Marthaville 911, Bothaville district, Province Free State – known as NAMPO Park; 91 800 000 2. Unit no. 10, 11, 12 and 13 on the Sectional Plan no. SS096/2012 in the scheme known as SS Alenti Office. 13 000 000 Loan before accrued interest also Note 12. 61 790 092 Total 166 590 092 The final purchase price is to be settled with a loan of R 50 000 000 (see Note 12) and issuing one no par value share for the remainder of the purchase price. Loan (Note 12) 50 000 000 Share – no par value 116 590 092 Total purchase consideration 166 590 092 25. Events during and after the reporting date The Grain South Africa Board is not aware of any matter or circumstance arising since the end of the financial year to the date of this report that could have a material affect on the financial position of the group of entities and the organisation. 26. Going concern The group of entities and separate organisation's annual financial statements have been prepared on the basis of accounting policies applicable to a going concern. This basis presumes that funds will be available to finance future operations and that the realisation of assets and settlement of liabilities, contingent obligations and commitments will occur in the ordinary course of business. Cash flow forecasts are prepared and monitored on a continuous basis. The Grain South Africa Board is satisfied that the group of entities and separate organisation have a sound financial position and that it has access to sufficient resources to continue trading in the foreseeable future and accordingly the financial statements have been prepared on a going concern basis. The Grain South Africa Board is not aware of any new material changes that may adversely affect the group of entities and separate organisation. The Grain South Africa Board is also not aware of any material non-compliance with statutory or regulatory requirements or any pending changes to legislation that may affect the group of entities and the organisation.
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