Page 108 - DUT Annual Report 2020

106
DURBAN UNIVERSITY OF TECHNOLOGY ANNUAL REPORT 2020
DESCRIPTION (R’000)
Council controlled funds
Restricted funds
Fair value GRAND- reserve TOTAL
Balance at January 1, 2019
1 414 755
365 117
815 001
2 594 873
35 839
71 231
107 070
57 596
2 759 539
Surplus for the year
Other comprehensive income/(loss)
653 031 9 465
(3 958) -
- -
649 073 9 465
55 371 -
- 2 803
55 371 2 803
- 3 117
704 444 15 385
Balance at December 31, 2019 before fund transfer
2 077 251
361 159
815 001
3 253 411
91 210
74 034
165 244
60 713
3 479 368
Transfers out of funds
Other transfers
Balance at December 31, 2019
(38 853)
14 195
24 658
- 5 203 3 258 614
- 45 91 255
- 2 465 76 499
-
- 1 637 62 350
- 9 350 3 488 718
Undesignated/ Accumulated Funds
Designated funds
SUB-TOTAL
Residence funds
Restricted use funds
SUB-TOTAL
(80 063)
12 007
73 259
2 510 167 754
1 958 335
387 361
912 918
Operational funds
plant and equipment funds
Property,