Page 49 - UNAM Annual Report 2017

Extracts University of Namibia Annual Financial Statements for the Year ended 31 December 2017
Statement of Profit or Loss and Other Comprehensive Income
2017 2016
N$ '000 N$ '000
Revenue 543,453 467,176
Other income 34,943 27,768
Operating expenses (1,680,325) (1,574,249)
Government Subsidy 1,080,685 904,113
Deferred income released 45,612 45,806
Operating surplus/(deficit) 24,368 (129,386)

Investment revenue 1,351 2,705
Fair value adjustments 1,912 15
Finance costs (2,735) (2,053
Surplus/(Deficit) for the year 24,896 (128,719)

Other comprehensive income:
Items that will not be reclassified to profit or loss:
Re-measurements on net defined benefit liability & severance 80,422 (26,150)
liability
Other comprehensive income for the year 80,422 (26,150)

Total comprehensive surplus/(deficit) for the year 105,318 (154,869)

Extracts University of Namibia Annual Financial Statements for the Year ended 31 December 2017
Statement of Changes in Equity
Retained earnings Total equity
N$ '000 N$ '000

Balance at 1 January 2016 95 579 95 579
(Deficit) for the year (128 719) (128 719)
Other comprehensive income for the year (26 150) (26 150)
Balance at 1 January 2017 (59 290) (59 290)
Accumulated losses NBS (3 388) (3 388)

Adjustment 630 630
Surplus for the year 24 896 24 896
Other comprehensive income for the year 80 422 80 422
Balance at 31 December 2017 43 270 43 270

4646
4646