Page 32 - UKZN Foundation AR 2023

UNIVERSITY OF KWAZULU-NATAL FOUNDATION TRUST Trust Deed number: IT 589/2003
STATEMENT OF CASH FLOWS
for the year ended 31 December 2023
Notes
2023 R
(3 669 710)
(4 426 134)
70 086 7 438 606
( 587 153)
(4 405 239)
( 54 108) (5 912 021) 1 560 890
589 522
1 073 759 ( 484 237)
(4 402 870) 5 381 129
978 260
2022
R
Operating activities
Cash utilised in operating activities:
Investment income: Interest & dividends Expenditure and disbursements
(334 816)
Depreciation 2 Changes in working capital
(Decrease)/increase in donations to be allocated
(Decrease) in employee benefits
(Decrease)/increase in accounts payable and accrued liabilities
(Decrease)/increase in post-retirement health care obligations including remeasurement
Increase/(decrease) in UKZN current account Net cash (utilised)/generated in operating activities
investing activities
Net cash (utilised)/generated from investing activities :
Purchase of property, plant and equipment 2 Re-investment of investment income 3.1 Withdrawals from investments 3.1
Financing activities
Net cash generated from financing activities :
Endowment Funds : donations and grants Endowment Funds : transfers to UKZN operations
Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
5 912 021 (9 618 177)
36 446
7 854 674
(8 225 432)
35 942
2 707 217
(4 406 271) 8 410 ( 28 273)
2 663 652
( 69 702)
113 267
65 957
(1 067 336)
1 371 022
(1 241 980)
( 33 139)
(7 854 674)
6 645 833
2 531 208
3 443 249
( 912 041)
2 660 250
2 720 879
5 381 129
30 UKZN FOUNDATiON ANNUAL REPORT 2023