CUT Annual Report 2008
The Annual Report is a premier publication that reports on institutional development and successes.
The Annual Report is a premier publication that reports on institutional development and successes.
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BALANCE SHEET<br />
at 31 December <strong>2008</strong><br />
<strong>2008</strong> 2007<br />
Note R ‘000 R ‘000<br />
ASSETS<br />
Non-current assets 327 544 306 135<br />
Property, plant and equipment 4 197 987 185 562<br />
Investment property 5 1 368 1 380<br />
Non-current investments 6 127 487 106 342<br />
Non-current receivables 7 702 12 851<br />
Student loans - 12 101<br />
Other non-current receivables 242 370<br />
Leasehold asset 460 380<br />
Current assets 180 184 102 650<br />
Receivables and prepayments 8 28 953 12 308<br />
Student debtors 9 038 7 560<br />
Other amounts 19 915 4 748<br />
Derivative financial instruments 9 - 30<br />
Cash and cash equivalents 10 151 231 90 312<br />
Total assets 507 728 408 785<br />
FUNDS AND LIABILITIES<br />
Funds available 308 912 330 699<br />
Property, plant and equipment 159 290 159 290<br />
Restricted use funds reserves<br />
Other - Education and general 29 535 59 844<br />
Unrestricted use funds reserves - Education and general 120 087 111 565<br />
Non-current liabilities 55 309 52 638<br />
Interest bearing borrowings 11 8 304 12 663<br />
Post retirement obligations 12 47 005 39 975<br />
Current liabilities 143 508 25 448<br />
Accounts payable and accrued liabilities 13 139 655 22 118<br />
Leave accrual 14 449 378<br />
Current portion of interest bearing borrowings 11 3 403 2 952<br />
Total funds and liabilities 507 728 408 785<br />
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