CUT Annual Report 2009

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Thinking Beyond Statement of Financial Position at 31 December 2009 Note 2009 R’000 2008 R’000 Assets Non-current assets 378 404 327 544 Property, plant and equipment 5 233 839 197 987 Investment property 6 1 352 1 368 Other non-current financial assets 7 142 577 127 487 Non-current receivables 8 636 702 Student loans - - Other non-current receivables 96 242 Leasehold asset 540 460 Current assets 222 654 180 184 Receivables and repayments 9 12 849 28 953 Student debtors 10 398 9 038 Other amounts 2 451 19 915 Cash and cash equivalents 10 209 805 151 231 Total assets 601 058 507 728 Funds and Liabilities Funds available 367 353 308 911 Property, plant and equipment 159 290 159 290 Restricted use funds reserves Other – Education and general 78 566 29 536 Unrestricted use funds reserves – Education and general 129 497 120 085 Non-current liabilities 54 309 55 309 Interest bearing borrowings 11 3 801 8 304 Post retirement obligations 12 50 508 47 005 Current liabilities 179 396 143 508 Accounts payable and accrued liabilities 13 175 621 139 656 Leave accrual 14 357 449 Current portion of interest bearing borrowings 11 3 418 3 403 Total funds and liabilities 601 058 507 728 46
Statement of Comprehensive Income for the year ended 31 December 2009 Note Council Controlled Unrestricted Specifically Funded Activities Restricted SUB -TOTAL Student and staff Accomodation Unrestricted 2009 R ‘000 TOTAL 2008 R ‘000 TOTAL TOTAL INCOME 366 963 39 237 406 200 7 809 414 010 365 911 RECURRENT ITEMS State appropriations – subsidies and grants 215 951 7 742 223 693 - 223 693 206 150 Tuition and other fee income 132 468 2 583 135 051 7 809 142 860 114 080 Income from contracts 17 - 14 761 14 761 - 14 761 13 568 Sales of goods and services 5 357 - 5 357 - 5357 9 200 Private gifts and grants 807 2 057 2 864 - 2 864 2 921 SUBTOTAL 254 583 27 143 381 726 7 809 389 535 345 919 Interest income 12 380 12 094 24 474 - 24 474 19 992 NON-CURRENT ITEMS Gain on investments realised 18 - - - - - - TOTAL EXPENDITURE 335 238 90 927 356 156 8 038 364 203 343 079 RECURRENT ITEMS 335 238 20 927 356 165 8 038 364 203 343 079 Personnel 15 211 306 5 857 217 173 3 698 220 871 206 210 Salaries 207 813 5 857 213 670 3 698 217 368 199 180 Post retirement benefits: Deficit 12 3 503 - 3 503 - 3 503 7 030 Other current operating expenses 16 107 506 15 070 122 576 4 221 126 797 122 522 Depreciation 16 13 527 - 13 527 - 13 527 10 810 SUBTOTAL 332 349 20 927 353 276 7919 361 195 339 542 Finance costs 19 2 696 - 2 696 119 2 815 3 248 NON-RECURRENT ITEMS Loss on disposal of assets 193 - 193 - 193 289 SURPLUS/ (DEFICIT) FOR THE YEAR 31 725 18 310 50 035 (229) 49 806 22 832 47
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CUT Annual Report 2009

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