Page 163 - UniZulu Annual Report 2020
P. 163

   Diagram 21: Summary of Equity Funds
FINANCIAL SUSTAINABILITY
Table 67: Ratio of Staff costs to income (Council-controlled Funds)
One of the most important indicators of financial sustainability of a University is the personnel-costs-to-income ratio. The ratio of personnel costs to income for Council controlled funds is 56% (2019: 53%). This means that personnel costs remained below the benchmark of 62% of income.
 Summary of Equity Funds
 YEAR
  2018
 2019
  2020
 R’000
 R’000
  R’000
 Total income
 922 489
 1 102 871
  1 048 736
 Personnel Costs
 562 291
 584 388
  586 731
 Personnel Costs to income
  61%
  53%
   56%
       161 UNIVERSITY OF ZULULAND ANNUAL REPORT 2020
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