Page 32 - UKZN Foundation AR 2024
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UNIVERSITY OF KWAZULU-NATAL FOUNDATION TRUST Trust Deed number : IT 589/2003
STATEMENT OF FINANCIAL POSITION
as at 31 December 2024
Notes 2024 2023
RR
ASSETS
Non-current Assets
Plant and equipment 2 69 692 71 234
Investments 3 317 645 100 293 787 906
317 714 792 293 859 140
Current Assets
Cash and cash equivalents 4 5 633 581 978 260
Total Assets 323 348 373 294 837 400
FUNDS AND LIABILITIES
Funds
Endowed Funds
Specified endowment funds 75 536 419 74 147 878
Unspecified endowment fund 60 258 715 59 256 361
Investment reserve 174 595 208 145 821 808
Total endowed funds 310 390 342 279 226 047
Non-current Liabilities
Post-retirement health care obligations 5 1 411 487 1 290 386
Current Liabilities
Accrued liabilities 181 419 220 177
Specified donations to be transferred 5 630 081 974 760
Employee benefits 6 246 476 108 065
UKZN current account 7 5 488 568 13 017 965
11 546 544 14 320 967
Total Funds and Liabilities 323 348 373 294 837 400
30 UKZN FOUNDATION ANNUAL REPORT 2024
