Page 29 - UKZN Foundation AR 2023
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UNIVERSITY OF KWAZULU-NATAL FOUNDATION TRUST Trust Deed number : IT 589/2003
STATEMENT OF FINANCIAL POSITION
as at 31 December 2023
Notes 2023 2022
RR
ASSETS
Non-current Assets
Property, plant and equipment 2 71 234 53 572
Investments 3.1 293 787 906 256 955 687
293 859140 257 009 259
Current Assets
Cash and cash equivalents 4 978 260 5381129
Total Assets 294 837 400 262 390 388
FUNDS AND LIABILITIES
Funds
Endowed Funds
Specified endowment funds 74 147 878 73 536 861
Unspecified endowment fund 59 256 361 62 944 854
Investment reserve 145 821 808 113 340 720
Total endowed funds 279 226 047 249 822 435
Non-current Liabilities
Post-retirement health care obligations 5 1 290 386 1 259 458
Current Liabilities
Accounts payable and accrued liabilities
220 177 248 450
Specified donations to be transferred 974 760 5 381 031
Employee benefits 6 108 065 99 655
UKZN current account 7 13 017 965 5 579 359
14 320 967 11 308 495
Total Funds and Liabilities 294 837 400 262 390 388
UKZN FOUNDATiON ANNUAL REPORT 2023 27
