Financial highlights consistent with UTS audited accounts for 2009 - 2010
- Commonwealth Government Grants declined by 8% from $197.1 m in 2009 to $180.9 in 2010.
- Revenue from students contributions through the Higher Education Contribution (HECS) Scheme, FEE HELP and Full Fees increased by 9% to $294.6m in 2010.
- Total expenditure from continuing operations increased by 11% from 2009 to $506.8m. As a percentage of revenue, operating expenses were lower than the previous year.
- Expenditure on employee benefits and costs represented the largest area (60%) of expenditure and 57% of revenue.
Revenue and expenditure from continuing operations, 2009 - 2010
| Revenue from continuing operations | 2009 $'m |
2010 $'m |
% increase 2009-2010 |
% share 2010 |
|---|---|---|---|---|
| Provisions of HESA: | ||||
| Commonwealth Operating grants | $197.1 | $180.9 | -8% | 34% |
| HEFA | $197.1 | $180.9 | -8% | 34% |
| Other sources: | ||||
| Student contributions: | ||||
| HECS-HELP & FEE-HELP Australian Govt Payments | $100.4 | $105.5 | 5% | 20% |
| HECS-HELP Student Payments | $23.5 | $23.5 | -2% | 4% |
| Fees and Charges | $146.5 | $166.1 | 13% | 31% |
| Total student fees | $270.4 | $294.6 | 9% | 55% |
| Other sources: | ||||
| State and local govt financial assistance | $3.8 | $5.4 | 40% | 1% |
| Royalties, trademarks and licenses | $0.4 | $0.7 | 74% | 0% |
| Consultancy and contracts | $7.5 | $7.9 | 6% | 1% |
| Other revenue | $16.2 | $21.9 | 35% | 4% |
| Investment | $10.0 | $13.8 | 38% | 3% |
| Other income | $11.8 | $11.4 | -3% | 2% |
| Other sources | $49.7 | $61.2 | 23% | 11% |
| Total all sources | $517.2 | $536.6 | 4% | 100% |
| Expenditure from continuing operations Parent Entity (University) |
2009 $'m |
2010 $'m |
% increase 2009-2010 |
% share 2010 |
|---|---|---|---|---|
| Employee related expenses | $277.5 | $305.8 | 10% | 60% |
| Depreciation & Amortisation | $51.6 | $52.5 | 2% | 10% |
| Repairs & Maintenance | $8.4 | $9.2 | 9% | 2% |
| Borrowing costs | $2.9 | $3.0 | 0% | 1% |
| Impairment of assets | $0.4 | $3.7 | 745% | 1% |
| Losses on disposal of assets | $0.3 | $0.0 | -100% | 0% |
| Other Expenses | $117.0 | $132.3 | 13% | 26% |
| Deferred super expense | $0.4 | $0.4 | 10% | 0% |
| Total expenses from continuing activities | $458.6 | $506.8 | 11% | 100% |
| Surplus/Deficit | $58.6 | $29.8 | ||
| Income tax expense | $0 | $0 | ||
| Operating result from continuing opertations | $58.6 | $29.8 | ||
| Nett operating result attributable to members of UTS | $58.6 | $29.8 |
Further information is available in the UTS Annual Reports.
