Bournemouth University

Annual Review 2014

BU: The Finances


Expenditure 2012-13 £000

Academic support £5,005
Other staff costs £6,573
Interest on loans £1,854
Administration costs £12,439
Cost of purchasing buildings & equipment £6,398
Staff costs £58,740
Premises costs £12,654
Sports £872
Student costs £13,031


Income 2012-13 £000

HEFCE grant £30,094
Investment income £489
Knowledge exchange £2,271
NHS grant income £12,559
Other income £3,653
Research £3,076
Residential income £5,908
Tuition fee income £62,374

Summary consolidated income and expenditure account for the year ended 31st July 2013 (000)

Income 2013 2012
Funding Council grants 30,094 40,319
Tuition fees and education contracts 74,933 62,195
Research grants and contracts 3,076 2,990
Other operating income 11,832 11,012
Endowment and investment income 489 629
Total 120,424 117,145

 

Expenditure    
Staff costs 61,531 56,293
Depreciation 6,398 5,871
Other operating expenses 49,735 50,877
Interest payable 2,601 2,528
Total 120,265 115,569
 


Summary consolidated balance sheet as at 31st July 2013 (000)

  2013 2012
Fixed assets 89,021 78,170
Current assets 36,461 41,695
Creditors: Amounts falling due within one year (17,759) (19,258)
Total assets less current liabilities 107,723 100,607
Creditors: Amounts falling due after more than one year (33,666) (28,929)
Pension liability (29,975) (35,614)
Total net assets 44,082 36,064
Represented by:    
Deferred capital grants 21,088 21,567
Revaluation reserve 5,716 6,117
Revenue including pension reserve 17,278 8,380
Total funds 44,082 36,064

 

 

 

 

Find out more..

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BU: The Numbers

BU Community

Festival fun at BU

Students' Union at BU