Download the Annual report 2011 - Unisa
Download the Annual report 2011 - Unisa
Download the Annual report 2011 - Unisa
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NOTE 14: DEFERRED INCOME<br />
UNISA ANNUAL REPORT <strong>2011</strong><br />
The amount represents student fees received in advance in respect<br />
of <strong>the</strong> 2012 academic and financial year, received in <strong>2011</strong>. The<br />
student fees are recognised as income in <strong>the</strong> year when tuition is<br />
provided to <strong>the</strong> student.<br />
Various o<strong>the</strong>r grants received by <strong>the</strong> University during <strong>2011</strong><br />
amounted to R16,723 million (2010: R17,365 million). The University<br />
has spent R7,053 million during <strong>2011</strong> (2010: R 5 747 million).<br />
The Department of Higher Education and Training (DHET) has<br />
made five funding allocations to <strong>the</strong> University:<br />
An amount of R100 million for <strong>the</strong> improvement of infrastructure and<br />
student output efficiencies. For <strong>2011</strong>, an amount of R4,939 million<br />
(2010: R24,822 million) was spent on infrastructure, and R2,737<br />
million (2010: R5,233 million) of this amount was charged through<br />
profit and loss.<br />
An amount of R19,4 million for infrastructure and efficiency<br />
(undergraduate engineering laboratories – Florida campus). No<br />
expenditure was incurred during <strong>2011</strong>.<br />
An amount of R50 million for staff restructuring. The University has<br />
spent R5,397 million during <strong>2011</strong> (2010: R2,430 million).<br />
An amount of R228,017 million (2010: R288,107 million) for teaching<br />
and research development. The University has spent R275,635<br />
million during <strong>2011</strong> (2010: R275 565 million).<br />
An amount of R10,922 million (2010: R8,970 million) for foundation<br />
programmes. The University has spent R1,450 million during <strong>2011</strong><br />
(2010: R1,445 million).<br />
An amount of R4 million (2010: R3 million) was received for<br />
veterinary sciences programmes. The University has spent R1,970<br />
million during <strong>2011</strong> (2010: nil).<br />
NOTE 15: INVESTMENT INCOME AND FAIR VALUE<br />
ADJUSTMENTS<br />
| 104 |<br />
<strong>2011</strong> 2010<br />
R’000 R’000<br />
49 367 79 195<br />
9 670 11 618<br />
87 742 90 479<br />
19 400 -<br />
21 644 27 041<br />
19 741 67 359<br />
29 704 20 232<br />
5 030 3 000<br />
242 298 298 924<br />
Interest income<br />
Loans and receivables 9 218 30 954<br />
Held for trading instruments 202 363 198 372<br />
Dividend income<br />
211 581 229 326<br />
Held for trading instruments 53 669 39 845<br />
265 250 269 171<br />
Fair value adjustments<br />
Designated at fair value 11 185 16 325<br />
Held for trading instruments 162 923 360 766<br />
174 108 377 091<br />
NOTE 16: PERSONNEL COSTS<br />
Academic and professional 898 826 698 566<br />
O<strong>the</strong>r personnel 1 445 929 1 404 804<br />
2 344 755 2 103 370<br />
Included in O<strong>the</strong>r personnel is an amount of R60,960 million (2010: R68,840 million) paid to invigilators, examiners<br />
tutors and markers .
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