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DURBAN UNIVERSITY OF TECHNOLOGY ANNUAL REPORT 2020
DURBAN UNIVERSITY OF TECHNOLOGY
CONSOLIDATED ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2020
NA TURE OF BUSINESS AUDITORS
B ANKERS
DOMICILE AND COUNTRY OF INCORPORA TION
SUBSIDI ARIES
TRUST
Independent auditor’s report
Consolidated statement of financial position 101
Consolidated income statement
Consolidated income statement and other comprehensive income 104
Consolidated statement of changes in funds
Consolidated statement of cash flows 107
Public Higher Education Institution
Deloitte & Touche and SM Xulu Incorporated
Standard Bank of South Africa Limited First National Bank of South Africa Limited
Republic of South Africa
Melrose Properties Proprietary Limited
Maxelect Investments Proprietary Limited
Durban University of Technology Proprietary Limited
Durban University of Technology Foundation Trust
Pages Council’s statement of responsibility for the consolidated annual financial statements 95
CON TEN TS
Accounting policies
Notes to the consolidated annual financial statements
105 - 106
108 - 126 127 - 166
96- 100
102 - 103