IMPROVING LIVES THROUGH DATA ECOSYSTEMS

Net change in the stock of cash from higher education institutions amounted to a cash surplus of R1 052 million for the 2011 financial year.

This statistical release provides information on the sources and uses of cash of higher education institutions for the financial years 2010 and 2011, classified economically and functionally. The net change in the stock of cash from higher education institutions amounted to a cash surplus of R1 052 million for the 2011 financial year. The amount has increased from a deficit of R85 million in 2010.

Major Influences

The major contributors to the cash surplus amount of R1 052 million of the net change in the stock of cash of higher education institutions for the financial year 2011 are the cash receipts from operating activities, R44 756 million, (2010: R40 959 million); cash payments for operating activities, R36 842 million, (2010: R33 690 million); purchases of non-financial assets, R5 438 million, (2010: R4 960 million); sales of non-financial assets, R381 million, (2010: R101 million); net acquisition of financial assets other than cash, R2 601 million, (2010: R2 614 million); and net incurrence of liabilities, R796 million (2010: R119 million), (see Table A, p.4).