Page 85 - DUT Annual Report 2024

Total Liabilities
Total liabilities amounted to R2 604.64 million (2023: R2 492.72 million) which is an increase of 4.49%, compared to the increase of 14.90% in the previous year. This is a result of the increase in deferred revenue (0.72%), trade, and other payables (18.18%) recognised in the current period. The decrease in borrowings is solely attributed towards the repayment on the loans as there were no further borrowings in the year.
Accumulated Funds
Figure 31: Accumulated Funds
The university’s accumulated funds comprise of unrestricted funds, restricted funds, residence funds, property, plant and equipment funds, and fair value reserves. There was a net increase in funds and reserves of R815.09 million. The increase is categorised as follows:
• Unrestricted use funds – undesignated (R326.06 million increase)
• Unrestricted use funds – designated (R341.63 million increase)
• Residence funds (R74.08 million increase)
• Restricted use funds (R15.23 million increase)
• Fair value reserve (R58.09 million increase)
Cash Flow and Liquidity
The university’s cash resources continue to remain positive. Cash and cash equivalents and other financial assets at year- end increased from R5 134.32 million in 2023 to R5 742.18 million in 2024. A significant portion of cash and cash equivalents relates to committed funds for the following:
• Unspent restricted government grants and research funds totalling R518.18 million (2023: R494.37 million)
• Unspent funds designated to departments amounting to R2 402 million (2023: R545.40 million)
• Trade and other payables amounting to R611.32 million (2023: R503.10 million)
• Funds retained for working capital amounting to R1 804.07 million (2023: R1 467.52 million)
Total cash and fixed term deposits for the year include unencumbered cash of R2 210.68 million (2023: R2 225.99 million) at year-end. The unencumbered cash includes the infrastructure projects funded by the Council.
DUT ANNUAL REPORT 2024
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