Finance of HE in SA 2007 report

copyright: yirsh

StatsSA has just released P9103.1 - Financial statistics of higher education institutions, 2007 This statistical release provides information on the sources and uses of cash of higher education institutions for the financial years 2006 and 2007, classified economically and functionally.

Here are some of the highlight:

Net change in the stock of cash from higher education institutions amounted to R1 480 million for the 2007 financial year.


The net change in the stock of cash from higher education institutions amounted to R1 480 million for the 2007 fiscal year. The amount has increased from R900 million in 2006.

Major Influences

• The major contributors to the amount of R1 480 million of the net change in the stock of cash of higher education institutions for the financial year 2007 are the cash receipts from operating activities, R30 217 million (2006: R26 925 million)
• cash payments for operating activities, R24 012 million, (2006: R21 316 million)
• purchases of non-financial assets, R2 325 million, (2006: R1 557 million); sales of non-financial assets, R88 million (2006: R37 million)
• net acquisition of financial assets other than cash, R2 640 million (2006: R3 091 million)
• net incurrence of liabilities, R152 million (2006: -R98 million), (see Table A, p.5).