Download the Annual report 2011 - Unisa

Operating expenses including earmarked funding expenses
and excluding personnel costs increased by 26%.
Productivity and financial position of
Unisa
It appears from table 4 below that considerable headway
has been made in reducing expenditure per graduate.
This provides a clear indication that the growing number
of students and the higher throughput of such students
during the past few years provided economy of scale
benefits with respect to productivity.
Table 4: Changes in expenditure per graduate
Tables 5 to 7 provide a trend analysis of the last five
years with respect to Unisa’s financial position.
UNISA ANNUAL REPORT 2011
2011 2010 2009 2008
Total expenditure
(including from earmarked funding) 4 012 848 000 3 501 628 000 3 212 306 000 2 800 356 000
Number of graduates/diplomands 19 307 26 073 22 675 17 923
Expenditure per graduate 207 844 134 301 141 667 156 244
Table 5: Consolidated statement of financial position
2011 2010 2009 2008 2007
R’000 R’000 R’000 R’000 R’000
Total assets 7 360 196 6 692 931 5 779 459 5 198 037 5 013 228
Total liabilities 1 675 929 1 648 602 1 524 458 1 336 303 1 351 006
Total net assets
Investments:
5 684 267 5 044 329 4 255 001 3 861 734 3 662 222
Total investments 4 925 202 4 526 148 3 884 720 3 481 001 3 803 018
Fair value adjustment 174 108 377 091 211 334 (160 527) 206 923
Return on investments
Facilities:
265 250 269 171 254 082 308 574 233 182
PPE net of accumulated depreciation 1 498 303 1 199 426 1 010 506 800 678 572 636
Spending on building projects 296 953 188 920 284 586 255 417 48 669
The following are some of the items which contributed
to the increase of 10% in total assets as disclosed in the
Consolidated Statement of Financial Position:
• An increase of R298.8 million (25%) in property, plant
and equipment
• A 8% increase in investments (excluding cash)
Future planned infrastructure spending includes the following:
• Construction of a new building for the Polokwane
campus (approved budget R63 million)
• Refurbishment of the Rustenburg campus building
(approved budget R40 million)
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• Refurbishment of existing buildings on Florida campus
(approved budget R200 million)
• Upgrade of the Unisa Library in the Samual Pauw
building and the Science Library at Florida campus
(approved budget R372 million)
• Construction of training and conference facilities at
Unisa Park, Irene (approved budget R206 million)