Page 48 - UNAM Annual Report 2017

Extracts University of Namibia Annual Financial Statements for the Year ended 31 December 2017
Statement of Financial Position as at December 31, 2017
2017 2016
N$ '000 N$ '000
Assets
Non‑Current Assets
Biological assets 6,488 6,085
Investment property 315,594 359,466
Property, plant and equipment 2,501,967 2,221,662
Intangible assets 7,135 17,037
Investments 4,497 4,279
2,835,681 2,608,529
Current Assets
Prepayments - 594
Inventories 2,327 4,105
Student debtors and other receivables 568,895 333,865
Cash and cash equivalents 78,520 17,243
649,742 355,807

Total Assets 3,485,423 2,964,336
Equity and Liabilities
Equity
Retained earnings 43,270 (59,290)

Liabilities
Non‑Current Liabilities
Retirement benefit obligation 377,801 398,486
Provision for severance pay 97,313 81,849
Long term loan 5,188 -
Deferred income 1,935,528 1,796,982
Trust funds 36,342 47,803
2,452,172 2,325,120
Current Liabilities
Long term loan 294,109 173,793
Deferred income 45,804 45,898
Provisions 197,215 190,636
Trade and other payables 452,853 288,179
Bank overdraft - -
989,981 698,506
Total Liabilities 3,442,153 3,023,626

Total Equity and Liabilities 3,485,423 2,964,336

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