Page 107 - DUT Annual Report 2020

DURBAN UNIVERSITY OF TECHNOLOGY ANNUAL REPORT 2020
105
DURBAN UNIVERSITY OF TECHNOLOGY
CONSOLIDATED STATEMENT OF CHANGES IN FUNDS FOR THE YEAR ENDED DECEMBER 31, 2020
DESCRIPTION (R’000)
Council controlled funds
Restricted funds
Fair value GRAND- reserve TOTAL
Balance at January 1, 2020
1 958 335
387 361
912 918
3 258 614 612 621
91 255
76 499
167 754 69 475
62 350
3 488 718 682 096
Surplus for the year
Other comprehensive income/(loss)
618 690 (3 270)*
(6 069) -
- -
(3 270)
69 475 -
- 4 098
4 098
- 22 304
23 132
Balance at December 31, 2020 before fund transfer
2 573 755
381 292
912 918
3 867 965
160 730
80 597
241 327
84 654
4 193 946
Transfers out of funds
Other transfers
Balance at December 31, 2020
(41 123) (1 154 732) 1 377 900
19 142 1 102 965 1 503 399
21 981
- 23 786 3 891 751
- (33) 160 697
- (582) 80 015
- (615) 240 712
-
- 23 171 4 217 117
Undesignated/ Accumulated Funds
Designated funds
SUB-TOTAL
Residence funds
Restricted use funds
SUB-TOTAL
Operational funds
plant and equipment funds
Property,
75 553
-
1 010 452
84 654
*Included in OCI is an increase in the fair value adjustment on post retirement liability, R26, 874m and the loss on the disposal of investments carried at FVOCI recycled to accumulated funds, R30,144m.