Page 61 - The UAE University AnnualReport for the Academic Year 2010 - 2011

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Financial Statement
Below are the University’s Statement of Revenues and Expenditures for the year ending 31 December
2010, and the Balance Sheet as at 31 December 2010. As a UAE government entity, the University does not
capitalize nor account for any fixed assets; the Balance Sheet does not reflect equipment or buildings owned.
The Balance Sheet is comprised primarily of cash on hand, accounts receivable, and accounts payable. The
University continues to manage its funds prudently in the context of the global financial crisis.
Statement of Revenues and Expenditures for the year
Ended December 31, 2010
Balance Sheet as of December 31,2010
Revenues
Amount (AED)
Assets
Amount (AED)
Unrestricted -Federal
1,257,076,795.87
Cash
350,165,699.20
Restricted-Government and Other 358,455,259.99
Accounts Receivables
67,273,801.66
Allotment
22,443,149
Previous Year’s Deficit
122,561,688.90
Total Revenues
1,637,975,204.86
Total Assets
540,001,189.76
Expenditures
Liabilities
Unrestricted -Federal
1,256,930,770.45
Salaries Payable
8,789,633.34
Restricted-Government and Other 188,455,132.52
Government Payable
326,975.03
Allotment
17,981,011.46
Retention Payable
23,982,657.86
Total Expenditures
1,463,366,914.43
Commitments Payable
252,373,489.18
Other Accounts Payable
29,412,457.49
Ending Fund Balance(Revenues-
Expenditures)
Total Liabilities
314,885,212.90
Unrestricted -Federal
146,025.42
Restricted-Government and Other 212,497,838.95
Allotment
12,472,112.49
Ending Fund Balance
225,115,976.86
Total Ending Fund
Balance(Revenues-Expenditures)
225,115,976.86
Total Liabilities & Fund
Balance
540,001,189.76
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Jan 21, 2013