IMPROVING LIVES THROUGH DATA ECOSYSTEMS

Net change in the stock of cash from higher education institutions amounted to a cash deficit of R85 million for the 2010 financial year.

This statistical release provides information on the sources and uses of cash of higher education institutions for the financial years 2009 and 2010, classified economically and functionally. The net change in the stock of cash from higher education institutions amounted to a cash deficit of R85 million for the 2010 financial year. The amount has decreased from R972 million in 2009.

Major Influences

The major contributors to the cash deficit amount of R85 million of the net change in the stock of cash of higher education institutions for the financial year 2010 are the cash receipts from operating activities, R40 959 million, (2009: R36 892 million); cash payments for operating activities, R33 690 million, (2009: R30 274 million); purchases of non-financial assets, R4 960 million, (2009: R3 683 million); sales of non-financial assets, R101 million, (2009: R60 million); net acquisition of financial assets other than cash, R2 614 million, (2009: R2 209 million); and net incurrence of liabilities, R119 million (2009: R186 million), (see Table A, p.4).