Interfront 2025 Annual Report

International Frontier Technologies SOC Ltd Trading as Interfront Financial Statements for the year ended 31 March 2025 136 INTERFRONT ANNUAL REPORT 2025 Statement of Financial Performance Figures in Rand Note(s) 2025 2024 Revenue Revenue from exchange transactions Rendering of services 15 242 041 539 215 828 131 Proft/(loss) from foreign exchange transactions and other sundry income (275 518) 118 732 Interest received – investment 4 281 082 3 380 272 Total revenue from exchange transactions 246 047 103 219 327 135 Expenditure Employee related costs (207 356 284) (183 041 303) External development services (3 178 578) (4 879 621) Depreciation and amortisation (4 133 419) (4 549 003) Loss on disposal of assets (150 547) (319 231) Administrative expenses (20 129 838) (19 582 188) Auditor’s remuneration 16 (1 551 254) (1 150 589) Total expenditure (236 499 920) (213 521 935) Surplus/(deficit) before taxation 9 547 183 5 805 200 Taxation 17 2 640 883 1 727 058 Surplus/(deficit) for the year 6 906 300 4 078 142 Statement of Changes in Net Assets Figures in Rand Share capital/ contributed capital Accumulated surplus/(deficit) Total net assets Balance at 01 April 2023 1 50 934 724 50 934 725 Changes in net assets Surplus for the year – 4 078 142 4 078 142 Total changes – 4 078 142 4 078 142 Balance at 01 April 2024 1 55 012 866 55 012 867 Changes in net assets Surplus for the year – 6 906 300 6 906 300 Total changes 6 906 300 6 906 300 Balance at 31 March 2025 1 61 919 166 61 919 167 Note(s) 14