Interfront 2025 Annual Report

International Frontier Technologies SOC Ltd Trading as Interfront Financial Statements for the year ended 31 March 2025 155 FINANCIAL INFORMATION Notes to the Financial Statements Figures in Rand 2025 2024 20 Cash generated from (used in) operations Surplus 6 906 300 4 078 142 Adjustments for: Depreciation and amortisation 4 133 419 4 549 003 (Gain)/loss on sale of assets and liabilities 150 547 319 231 Movements in operating lease assets and accruals (252 026) (302 805) Movements in provisions 2 632 893 3 714 344 Movement in tax receivable and payable 89 815 547 648 Annual charge for deferred tax (596 481) (18 203) Changes in working capital: Receivables from exchange transactions 18 725 306 (30 089 585) Payables from exchange transactions 1 187 835 (4 266 266) VAT (250 716) 3 082 348 32 726 892 (18 386 143) 21 Commitments Authorised operational expenditure Already contracted for but not provided for •  IT goods and services 607 574 99 585 •  Other services 87 151 42 609 •  HR Services 78 671 201 735 773 396 343 929 Total operational commitments Already contracted for but not provided for 773 396 343 929 This committed expenditure relates to IT and office services and will be financed by: retained surpluses, existing cash resources, funds internally generated, and so forth. Operating leases – as lessee (expense) Minimum lease payments due •  within one year 1 725 818 2 930 969 •  in second to fifth year inclusive 733 647 2 459 465 2 459 465 5 390 434 Operating lease payments represent rentals payable by the entity for certain of its office properties. Refer to Note 10 for more detail.