Page 30 - UKZN Foundation AR 2023

UNIVERSITY OF KWAZULU-NATAL FOUNDATION TRUST
Trust Deed number: IT 589/2003
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME for the year ended 31 December 2023
Donations and grants
Interest and dividends 9
Net gains/(losses) in investments
Grants for specified University purposes
Specified Foundation endowment funds
Specified University endowment funds
9
Specified Endowment Funds
Unspecified Endowment Fund
Endowed 2022 Funds Total
2023 Total
Notes R R R R
INCOME
Specified purposes 91 990 242 - 91 990 242 112 738 933
Specified University endowments 26 250 - 26 250 76 000
Unspecified endowments - 1 047 409 1 047 409 2 849 449
Total donations and grants 8 92 016 492 1 047 409 93 063 901 115 664 382
investment income
Income from marketable securities : 20 402 098 17 991 011 38 393109 (6 381 195)
3 141 648
17 260 450
Total income 112 418 590 19 038 420 131 457 010 109 283187
91 963 892
NET SURPLUS/(LOSS) 18 329 354 11 492 987 29 822 341 (11 757 178)
26 350
26 250
2 770 373
15 220 638
-
-
-
5 912 021
32 481 088
26 350
26 250
7 854 674
(14 235 869)
EXPENDiTURE
Administration expenses - local 10 - 7 477 512 7 477 512 6 440 685
International operations - 67 921 67 921 -
Bursary awards and other disbursements 2 072 744 - 2 072 744 1 784 747
Total expenditure 2 072 744 7 545 433 9 618 177 8 225 432
Net surplus/ (deficit) before allocations 10 110 345 846 11 492 987 121 838 833 101 057 755
Allocations
92 016 492 - 92 016 492 112 814 933
91 963 892
112 145 133
593 800
76 000
Other comprehensive income/(loss) for the year 39 158 39 158 114 549 Remeasurement of post retirement obligations 5 - 39 158 39 158
TOTAL COMPREHENSiVE iNCOME/(LOSS) FOR 18 329 354 11 532 145 29 861 499 (11 642 629)
THE YEAR
114 549
28 UKZN FOUNDATiON ANNUAL REPORT 2023