Page 151 - DUT Annual Report 2020

DURBAN UNIVERSITY OF TECHNOLOGY
NOTES TO THE CONSOLIDATED ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2020
18. OTHER OPERATING EXPENSES 2020 2019 R’000 R’000
The following expenses are included in arriving at other current operating expenses: Supplies and services
Included in supplies and services are the following expenses: Repairs and maintenance
Auditors’ remuneration
Fees paid to internal auditors
Fees paid to forensic auditors
Security expenses
Advertising
Strategic Imperatives
Operating lease expenses (Includes student housing) * Cleaning Services
Legal fees
* Operating lease expenses consists of: Variable operating leases for student housing Short term and low value lease expenses
19. DEPRECIATION AND AMORTISATION
Depreciation and amortisation can be broken up as follows:
Depreciation on DUT owned assets Depreciation on right of use assets Amortisation of intangible assets
20. FINANCE COSTS
Borrowings Lease liability
Refer to note 8 Borrowings and Note 12 Lease Liability for further details.
21. TAXA TION
Opening balance at 1 January Income tax charge
Refund received
Payments made
Closing balance at 31 December
2020 2019 R’000 R’000
77 354 67 394
2020 2019 R’000 R’000
8 574 9 086
DURBAN UNIVERSITY OF TECHNOLOGY ANNUAL REPORT 2020
738 027
665 126
67 002 3 034 895 2 774 91 131 7 281 13 423 374 306* 20 767 5 599
61 756 1 960 1 047 1 627
74 033 10 771 20 215
275 894* 27 538 5 357
373 419 887
274 108 1 786
67 454 2 319 7 581
61 355 1 385 4 654
7 798 776
8 571 515
2020
R’000 R’000
- -
356 -
356 - -
2019
-
-
-
The University, is exempt from taxation in terms of Section 10 (1) (c A) of the Income Tax Act, except for the subsidiaries which are taxable. The disclosed tax payable at year end represents tax payable by Maxelect Investments (Pty) Ltd.
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