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Annual results and sources of income

TABLE 1: Annual results

The University’s Operating Result, on a consolidated basis, as disclosed in the Annual Financial Statements, is a surplus of $236.7 million. This compares with the deficit of $17.7 million in 2020.

Table 1: Annual results

Consolidated

University

2021

2020

2021

2020

$'000's

$'000's

$'000's

$'000's

Operating revenue

1,462,658

1,333,269

1,428,044

1,300,770

Operating expenses

1,225,917

1,350,920

1,195,615

1,318,469

Operating result - surplus/(deficit)

236,741

(17,651)

232,429

(17,699)

Adjusted for -

Philanthropic Funds (Donations & Bequests)

(19,347)

(15,321)

(19,347)

(15,321)

Investment Funds1

(122,191)

(23,253)

(122,191)

(23,253)

Capital grants received2

0

(19,289)

0

(19,289)

Restricted specific purpose funds movement

(3,582)

(12,548)

(3,582)

(12,548)

Other Items2

(85,312)

7,408

(85,312)

7,408

Underlying operating result - surplus/(deficit)

6,309

(80,654)

1,997

(80,702)

0.43%

-6.05%

0.14%

-6.20%

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 and the impact of one-off Government Research Support Program on the 2021 operating result.

The University’s consolidated Net Assets stand at a substantial $2.963 billion with Financial Assets totalling $1.976 billion. The University’s Total Income, on a consolidated basis, has increased to $1.463 billion from $1.333 billion in 2020. Figure 1 shows the distribution of, and changes to, source of the University’s income.

FIGURE 1: 2021 Sources of income Graph to show 2021 Sources of income. Shows a recovery from the income dip in 2020