CUT Annual Report 2011
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| <strong>CUT</strong> ANNUAL REPORT <strong>2011</strong><br />
Statement of Financial Position<br />
at 31 December <strong>2011</strong><br />
ASSETS<br />
<strong>2011</strong> 2010<br />
R ‘000 R ‘000<br />
Non-current assets 534 727 441 569<br />
Property, plant and equipment 363 452 276 285<br />
Investment property 794 1 336<br />
Other non-current financial assets 169 781 163 328<br />
Non-current receivables 700 620<br />
Student loans - -<br />
Leasehold asset 700 620<br />
Current assets 243 863 250 975<br />
Other current financial assets 4 005 -<br />
Receivables and prepayments 37 159 26 694<br />
Student debtors 19 601 21 193<br />
Current portion of student loans 2 307 -<br />
Other debtors 15 251 5 501<br />
Cash and cash equivalents 202 699 224 281<br />
Total assets 778 590 692 544<br />
FUNDS AND LIABILITIES<br />
Funds available 507 429 453 536<br />
Property capital fund - -<br />
Restricted use funds reserves<br />
Other - Education and general 134 424 122 018<br />
Unrestricted use funds reserves - Education and general 373 005 331 518<br />
Non-current liabilities 217 175 194 403<br />
Interest bearing borrowings 1 307 128<br />
Post retirement obligations 53 251 54 639<br />
Deferred income 162 617 139 636<br />
Current liabilities 53 986 44 605<br />
Accounts payable and accrued liabilities 51 342 41 785<br />
Leave accrual 271 376<br />
Current portion of interest bearing borrowings 1 154 2 444<br />
Current portion of deferred income 1 219 -<br />
Total funds and liabilities 778 590 692 544
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