Page 81 - DUT Annual Report 2024

The DUT balances its strategic focus on optimal financial deployment with a commitment to conservative financial management. This is achieved by implementing robust mechanisms that promote financial discipline while guaranteeing business continuity.
Demonstrating its commitment to long-term financial health, DUT has adopted a principle of surplus budgeting for Council- controlled funds. This strategy ensures the availability of resources to support future development and various university initiatives and availability of contingency funds.
The DUT balances its strategic focus on optimal financial deployment with a commitment to conservative financial management. This is achieved by implementing robust mechanisms that promote financial discipline while guaranteeing business continuity. A key element of this approach involves careful consideration of free cash and cash flow risks during resource allocation.
The Executive Management Committee bears responsibility for resource allocation, ensuring adherence to established governance processes. This ensures alignment with the university’s strategic objectives and fosters medium-to-long- term sustainability. The Finance Committee of the Council provides oversight for resource allocation and utilisation. They present a comprehensive financial management report to the Council on a quarterly basis.
Highlights of the 2024 Consolidated Annual Financial Statements
The highlights for the 2024 consolidated annual financial performance may be seen in the following diagram:
DUT ANNUAL REPORT 2024
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