Page 93 - DUT Annual Report 2023

The university emphasises responsible stewardship of its financial resources, adherence to sound financial practices, and proactive resource planning to guarantee the successful execution of ENVISION2030.
Highlights of the 2023 Consolidated Annual Financial Statements
The highlights for the 2023 consolidated annual financial performance may be seen in the following diagram:
The highlights for the 2023 consolidated annual financial performance are as follows:
• Unrestricted Council-controlled recurrent income increased by 8.57%, from R2 687.02 million in 2022 to R2 917.40 million in 2023. The student and staff accommodation generated 14.93% more than the 2023 financial year, increasing from R623.11 million in 2022 to R716.12 million in 2023. The specifically-funded (restricted funding) recurrent income increased by 19.53%, from R55.89 million in 2022 to R66.80 million in 2023.
• Unrestricted Council-controlled recurrent expenditure increased by 17.66%, from R2 196.36 million in 2022 to R2 584.25 million in 2023.
• Cash and cash equivalents and other financial assets at year-end increased by 7.74%, from R4 765.67 million in 2022 to R5 134.32 million in 2023.
• There was an increase of 9.96% in the total assets, from R7 878.07 million in 2022 to R8 662.65 million in 2023.
• Total liabilities increased by 14.49%, from R2 177.18 million in 2022 to R2 492.72 million in 2023.
• Accumulated fund increased by 8.23%, from R5 700.89 million in 2022 to R6 169.93 million in 2023.
DUT ANNUAL REPORT 2023
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