Page 97 - DUT Annual Report 2023

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 R469.04 million. The increase is categorised as follows:
• Unrestricted use funds – undesignated (R1 348.71 million increase)
• Unrestricted use funds – designated (R896.39 million decrease)
• Residence funds (R47.85 million increase)
• Restricted use funds (R2.28 million decrease)
• Fair value reserve (R28.85 million decrease) 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 R4 765.67 million in 2022 to R5 134.32 million in 2023. A significant portion of cash and cash equivalents relates to committed funds for the following:
• Unspent restricted government grants and research funds totalling R494.37 million (2022: R355.15 million)
• Unspent funds designated to departments amounting to R545.40 million (2022: R914.83 million)
• Trade and other payables amounting to R503.10 million (2022: R311.15 million)
• Funds retained for working capital amounting to R1467.52 million (2022: R1 620.32 million)
Total cash and fixed term deposits for the year include unencumbered cash of R2 225.99 million (2022: R1 363.16 million) at year-end. The unencumbered cash includes the infrastructure projects funded by the Council.
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