Page 43 University of Technology, Jamaica Notes to the Financial Statements 31 March 2020 (expressed in Jamaican dollars unless otherwise indicated) 20. Accounts Payable 2020 2019 $’000 $’000 Accruals 325,316 427,472 Accrued vacation leave 698,795 522,724 Statutory payroll liabilities 226,443 143,157 Contractors’ retention 24,232 24,963 Stale-dated cheques 64,773 56,088 Pre-paid student fees 738,830 663,713 Other 383,159 212,819 2,461,548 2,050,936 Statutory payroll liabilities include PAYE and Ed Tax payable on the University’s behalf by the Ministry of Education, Youth and Culture. 21. Designated Receipts 2020 2019 $’000 $’000 Receipts from Students Loan Bureau to be paid to or on behalf of students: Scholarships 130,361 30,867 Students Union (10,056) (23,867) 120,305 7,000 22. Contract Liability 2020 2019 $’000 $’000 Balance at the beginning of the year 432,543 635,852 Tuition and boarding fees billed for the year 4,086,072 4,014,402 4,518,615 4,650,254 Less apportionment done for the year Tuition & Hostel (4,106,295) (4,217,711) Balance at the end of the year 412,320 432,543 University of Technology, Jamaica 159
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