Page 43 - UKZN Foundation AR 2024

UNIVERSITY OF KWAZULU-NATAL FOUNDATION TRUST Trust Deed number: IT 589/2003
NOTES TO THE FINANCIAL STATEMENTS (continued)
for the year ended 31December 2024
3. INVESTMENTS
Financial assets at fair value through profit or loss
The Trust classifies the following financial assets at fair value through profit or loss (FVPL):
• debt investments that do not qualify for measurement at either amortised cost or FVOCI.
• equity investments that are held for trading, and
• equity investments for which the entity has not elected to recognise fair value gains and losses through OCI.
The total investments comprise the following category: Equity Investments:
Ninety One Investment Fund
27four Balanced Prescient Fund
Market value at beginning of the year (Withdrawals)
Reinvestment of investment income Net gains on investments
Market value at end of year
168 928 982 148 716 118
317 645 100
293 787 906 (13 017 964) 8 101 758 28 773 400
317 645 100
163 750 689 130 037 217
293 787 906
256 955 687 (1 560 890) 5 912 021 32 481 088
293 787 906
2024 2023 RR
These investments are classified at fair value through profit or loss. As a result, fair value gains and losses are recorded in the statement of profit and loss and other comprehensive income.
4. CASH AND CASH EQUIVALENTS
Cash and cash equivalents consist of:
Cash at bank Cash on hand
Total cash and cash equivalents
5 630 081 3 500
5 633 581
974 760 3 500
978 260
UKZN FOUNDATION ANNUAL REPORT 2024 41