Financial highlights consistent with UTS audited accounts for 2006-2007
- Commonwealth Government Grants grew by 11% from $135.3m in 2006 to $150.1m in 2007.
- Revenue from students contributions through the Higher Education Contribution (HECS) Scheme, FEE HELP and Full Fees increased by 3% to $227.7m in 2007.
- Expenditure increased by 10% to $367.5m in 2007. This included increased expenditure on staff benefits and oncosts as a result of the growing student numbers and new enterprise agreeements.
- Expenditure on employee benefits and costs represented the largest area (65%) of expenditure and 59% of revenue.
Revenue and expenditure from continuing operations, 2006 - 2007
| Revenue from continuing operations | 2006 $'m |
2007 $'m |
% increase 2006-2007 |
% share 2007 |
|---|---|---|---|---|
| Provisions of HESA: | ||||
| Commonwealth Operating grants | $135.3 | $150.1 | 11% | 37% |
| HEFA | $135.3 | $150.1 | 11% | 37% |
| Other sources: | ||||
| Student contributions: | ||||
| HECS-HELP & FEE-HELP Australian Govt Payments | $74.3 | $81.5 | 10% | 20% |
| HECS-HELP Student Payments | $19.9 | $21.4 | 7% | 5% |
| Fees and Charges | $126.0 | $124.9 | -1% | 31% |
| Total student fees | $220.2 | $227.7 | 3% | 57% |
| Other sources: | ||||
| State and local govt financial assistance | $3.4 | $3.4 | 1% | 1% |
| Other revenue | $34.5 | $39.4 | 14% | 10% |
| Investment | $4.3 | $6.2 | 43% | 2% |
| Other sources | $42.2 | $48.9 | 16% | 12% |
| Deferred Government superannuation contribution | -$41.1 | -$24.2 | -41% | -6% |
| Total all sources | $356.5 | $402.5 | 13% | 100% |
| Expenditure from continuing operations Parent Entity (University) |
2006 $'m |
2007 $'m |
% increase 2006-2007 |
% share 2007 |
|---|---|---|---|---|
| Employee Benefits & Costs | $230.8 | $238.4 | 3% | 65% |
| Depreciation & Amortisation | $40.3 | $47.9 | 19% | 13% |
| Repairs & Maintenance | $10.1 | $8.3 | -18% | 2% |
| Finance Costs | $4.2 | $4.8 | 14% | 1% |
| Bad & Doubtful Debts | $0.3 | $0.1 | -79% | 0% |
| Other Expenses | $89.5 | $92.9 | 4% | 25% |
| Sub total | $375.3 | $392.4 | 5% | 107% |
| Deferred employee superannuation benefits | -$42.2 | -$24.9 | -41% | -7% |
| Total Expenses from Continuing Activities | $332.9 | $367.5 | 10% | 100% |
| Surplus/Deficit | $23.6 | $35.0 | ||
| Income tax expense | $0 | $0 | ||
| Operating result from continuing opertations | $23.6 | $35.0 | ||
| Nett operating result attributable to members of UTS | $23.6 | $35.0 |
Further information is available in the UTS Annual Reports.
