Page 35 - UKZN Foundation AR 2024

UNIVERSITY OF KWAZULU-NATAL FOUNDATION TRUST Trust Deed number: IT 589/2003
STATEMENT OF CASH FLOWS
for the year ended 31 December 2024
Notes
Cash flows from operating activities
Cash utilised from operations 11
Investment income: Interest & dividends 3
Net cash inflows from operating activities
Cash flows from investing activities
Additions to plant and equipment 2 Additions to investment 3 Withdrawals from investments 3
Net cash inflows / (outflows) from investing activities Cash flow from financing activities
Endowment Funds: transfers to UKZN operations
Net cash outflows from financing activities
Total cash movement for the year
Cash and cash equivalents at beginning of year
Total cash and cash equivalent at end of the year
* The statement of cash flow for 2023 was not presented in accordance with IAS 7, this has resulted in the restatement of the presentation of the prior year’s statement of cash flows.
2024 2023 *Restated
RR
(7 700 111)
8 101 758
(5 425 415)
5 912 021
401 648
(33 592)
(8 101 758)
13 017 964
486 606
(54 108)
(5 912 021)
1 560 890
4 882 614
(4 405 239)
(628 941)
(628 941)
(484 237)
(484 237)
4 655 321 (4 402 870)
978 260 5 381 130
5 633 581 978 260
UKZN FOUNDATION ANNUAL REPORT 2024 33