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Annual results & sources of income

The University’s Operating Result, on a consolidated basis, as disclosed in the Annual Financial Statements, is a surplus of $300.3 million in 2019. This compares with the reported surplus of $225.6 million in 2018.

TABLE 1: Underlying operating result

Consolidated

University

2019

$’000’s

2018

$’000’s

2019

$’000’s

2018

$’000’s

Operating revenue

1,526,630

1,375,064

1,496,914

1,339,424

Operating expenses

1,226,318

1,149,421

1,194,575

1,112,463

Operating result – surplus/(deficit)

300,312

225,643

302,339

226,961

Adjusted for –

Philanthropic Funds

(Donations & Bequests)

(13,000)

(25,273)

(13,000)

(25,273)

Investment Funds1

(187,537)

(29,878)

(187,537)

(29,878)

Capital grants received2

(49,911)

(69,200)

(49,911)

(69,200)

Restricted specific purpose

funds movement

(5,532)

6,799

(5,532)

6,799

Other Items2

(666)

(3,788)

(666)

(3,788)

Underlying operating result –

surplus/(deficit)

43,666

104,303

45,693

105,621

2.86 per cent

7.59 per cent

3.05 per cent

7.89 per cent

1 A portion of the University’s investments, and corresponding investment income, relate to specific purpose funds and as such they are not available to fund day-to-day operations.

2 Recognises impact of one-off items of a non-operating nature.

The University’s consolidated Net Assets stand at a substantial $2.746 billion with Financial Assets totalling $2.102 billion. The University’s Total Income, on a consolidated basis, has increased to $1.527 billion from $1.375 billion in 2018. Figure 1 shows the distribution of, and changes to, source of the University’s income.

Figure 1. 2019 Sources of Income

 2019 Sources of income