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Financial Statements 2011-12 49


Five-Year Summary of Financial Position (unaudited) For the year ended 31 July


2007-08 £’000


Income and Expenditure Account


Income Funding council grants


Tuition fees and educational contracts Research grants and contracts Other income


Endowment and investment income Total


Less share of joint venture income Total income


Expenditure Staff costs


Other operating expenses Depreciation Interest paid


Total expenditure


Surplus after depreciation of assets at cost Share of operating loss in joint venture Profit on disposal of fixed assets Surplus for the year


Balance Sheet as at 31 July Total fixed assets


Intangible Assets Endowment assets Current assets


Creditors: amounts falling due within one year Total assets less current liabilities


Creditors: amounts falling due after more than one year Provisions for liabilities Pension liability Net assets


Deferred capital grants Endowments Reserves


Total funds


Financial Statistics Surplus as a percentage of turnover


Margin on research grants and contracts (income less direct expenditure/income)


Margin on residences, catering and conferences (income less direct expenditure/income)


Current ratio


(current assets/current liabilities) Debt as percentage of total turnover Liquidity days


(number of days of average expenditure excluding depreciation supported by cash balances) Debtor days


(number of days income excluding Funding Council grant represented by debtors due within one year)


33,622 35,329 15,744


34,867 44,340 18,184


903


121,178 138,138 (11,976) 109,202


67,392 32,948 4,406


1,974 (353) 0


(15,340) 122,798


72,470 41,546 5,104


672


(498) 0


1,621 174


35,775 54,853 21,103


35,278 39,844 44,290 1,205


336


156,357 (17,397) 138,960


36,333 56,864 25,493 45,622 562


164,874 (18,628) 146,246


75,811 79,693 48,164 5,702


55,147 6,686


2,482 3,006 3,046 3,905 107,228 122,126 132,723 145,431


6,237 801 0


7,038 815


1,162 0


1,977


33,952 62,734 25,445 48,924 440


171,495 (19,391) 152,104


81,396 55,022 7,773 5,217


149,408 2,696


912 0


3,608


2008-09 £’000


As restated


2009-10 £’000


2010-11 £’000


2011-12 £’000


166,680 2,670


175,834


0 1,362 3,465


(18,049) 169,380 (36,562) (439)


51,799


18,079 24,988 (21,249) 184,400 (44,682) (1,048)


57,418 2,670 3,465


214,549 1,226 4,521


30,673


(29,417) 221,552 (67,629) (405)


(21,577) (21,299) (16,801) 110,802 117,371


4,521


136,717 59,877


220,794 1,090 5,066


39,248


(31,807) 234,391 (75,641) (1,379) (17,347) 140,024


62,664 5,066


56,333 33,346 45,935 46,412 110,802 94,229 110,333 114,142


232,256 0


5,177


41,240 (27,578) 251,095 (90,425) (118)


(24,492) 136,060


65,907 5,177


40,469 111,553


1.5%


22.0% 14.6%


0.1%


20.2% 15.2%


5.3%


17.9% 9.6%


1.4%


16.6% 12.5%


2.4%


16.5% 11.7%


31.8% 39


1.0 1.2 1.0 1.2 1.5 53.3%


32.4% 56


43.3% 60


46.5% 79


77 33 37 33 29 34


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