IMPROVING LIVES THROUGH DATA ECOSYSTEMS

Net change in the stock of cash from higher education institutions amounted to a cash surplus of R122 million for the 2012 financial year.

This statistical release provides information on the sources and uses of cash of higher education institutions for the financial years 2011 and 2012, classified economically and functionally. The net change in the stock of cash from higher education institutions amounted to a cash surplus of R122 million for the 2012 financial year. The amount has decreased from a surplus amount of R1 052 million in 2011.

Major Influences

The major contributors to the cash surplus amount of R122 million of the net change in the stock of cash of higher education institutions for the financial year 2012 are the cash receipts from operating activities, R48 430 million, (2011: R44 756 million); cash payments for operating activities, R41 169 million, (2011: R36 842 million); purchases of non-financial assets, R5 080 million, (2011: R5 438 million); sales of non-financial assets, R153 million, (2011: R381 million); net acquisition of financial assets other than cash, R2 256 million, (2011: R2 601 million); and net incurrence of liabilities, R44 million (2011: R796 million), (see Table A, p.4).