Page 53 - ANNUAL REPORT_2012

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51
UAEU Annual Report
Financial Statement
Below are the University’s Statement of Revenues and Expenditures for the year ending 31
December 2011, and the Balance Sheet as at 31 December 2011. 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.
Statement of Revenues and Expenditures
for the year Ended December 31, 2011
Balance Sheet as of December 31, 2011
Revenues
Amount (AED)
Assets
Amount (AED)
Unrestricted -Federal
1,291,466,158.49 Cash
257,382,663.12
Restricted-Government
and Other
131,946,653.40
Accounts Receivables 57,222,089.79
Allotment
29,984,955.03
Previous Year’s Deficit 122,415,663.48
Total Revenues
1,453,397,766.92
Total Assets
437,020,416.39
Expenditures
Liabilities
Unrestricted -Federal
1,291,177,689.85 Salaries Payable
4,144,197.02
Restricted-Government
and Other
205,387,603.29
Other Accounts Payable 29,628,770.62
Allotment
25,517,196.97
Retention Payable
15,231,417.04
Total Expenditures
1,522,082,490.11
Commitments Payable 232,045,828.22
Total Liabilities
281,050,212.90
Ending Fund
Balance(Revenues-
Expenditures)
Unrestricted -Federal
288,468.64
Restricted-Government
and Other
122,254,388.83
Allotment
33,427,346.02
Ending Fund Balance 155,970,203.49
Total Ending Fund
Balance(Revenues-
Expenditures)
155,970,203.49
Total Liabilities & Fund
Balance
437,020,416.39
Jan 21, 2013
Dec 7, 2017