Page 146 - DUT Annual Report 2020

144
DURBAN UNIVERSITY OF TECHNOLOGY ANNUAL REPORT 2020
DURBAN UNIVERSITY OF TECHNOLOGY
NOTES TO THE CONSOLIDATED ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2020
11. DEFERRED REVENUE
Deferred revenue consists of deferred revenue (IAS 20) (Note 11.1), IFRS 15 contract liability ( Note 11.2) and
income received in advance (Note 11.3); and is summarised below:
Current portion Non-current portion Total deferred revenue
Current portion consists of:
Deferred revenue (IAS 20-Note 11.1)
IFRS 15 Contract liability (IFRS 15- Note 11.2) Income received in advance (Note 11.3)
Non-current portion consists of:
Deferred revenue (IAS 20-Note 11.1)
11.1 Deferred revenue (IAS 20)
Research grant
Clinical training grant
Contract grant
Foundation grant
Infrastructure grant
Other grants
Private grant
New Generation of Academics Programme (NGAP) Research and development grant
Education development unit project
University Capacity Development Grant (UCDG)
2020 2019 R’000 R’000
79 950 1 393 240 1 473 190
16 990 2 718 60 242 79 950
1 393 240
2020
R’000 R’000
39 160 1 243 482 1 282 642
16 563 3 081 19 516 39 160
1 243 482
Nurturing Emerging Scholars Programme Covid Relief Grant 1
Covid Relief Grant 2
Total of deferred revenue (IAS 20)
Current portion Non-current portion
(NESP)
78 543 15 710 30 871 13 896
1 130 144 8 525 33 654 28 470 1 048 - 13 744 3 042 36 429 16 154 1 410 230
16 990 1 393 240 1 410 230
1 260 045 167 175 (16 990) 1 410 230
71 602 18 014 28 380 24 742
1 028 277 10 043 31 946 34 805 1 291 1 394 9 551 - - - 1 260 045
16 563 1 243 482 1 260 045
1 142 601 134 006 (16 562) 1 260 045
2019
Reconciliation of the movement for the year:
Opening balance
Net grants received
Released to surplus Closing balance