Page 2 University of Technology, Jamaica Statement of Financial Position 31 March 2020 (expressed in Jamaican dollars unless otherwise indicated) 2020 2019 Note $’000 $’000 Non-Current Assets Property, plant and equipment T 11 4,873,924 5,028,927 Right of use asset 12 76,366 - Intangible assets 13 5,112 8,369 Long-term investments 14 269,466 352,839 5,224,868 5,390,135 Current Assets Inventories 15 61,907 44,289 Accounts receivable 16 1,952,370 1,758,753 Taxation recoverable 127,986 112,896 Reverse repurchase agreements 18 1,575,674 1,850,084 Cash at bank and in hand 19 392,000 225,064 4,109,937 3,991,086 Current Liabilities Accounts payable 20 2,461,548 2,050,936 Current portion of lease liability 12 5,926 - Designated receipts 21 120,305 7,000 Contract liability 22 412,320 432,543 Bank overdraft 19 59,707 11,516 3,059,806 2,501,995 Net Current Assets 1,050,131 1,489,091 6,274,999 6,879,226 University of Technology, Jamaica 118
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