6 Financial Statements 2011-12
Key Performance Indicators Strategic Priorities
Target Research Top ten ranking for research quality
Research grant and contract income to increase by 5% per year.
90% of eligible staff submitted to RAE/REF (Research Assessment Exercise/Research Excellence Framework)
Student experience
Improved National Student Survey (NSS) ranking Overall student satisfaction rate of 85% in NSS
Employability – 90% in employment or study Global impact
Market share and growth – to have 35% of students from outside the UK
20% of students from more than 120 countries
No more than 8% of students from one non-UK country
Top 200 University in THE World ranking Finance Surplus 3.5% of turnover*
(Surplus before severance costs, joint ventures and FRS17 credit)
*The 3.5% target has been suspended during the period of transition between funding systems
Cash balance sufficient to fund 25 days average expenditure
Affordability of debt (operating cash flow to net debt servicing costs ratio to exceed 1.0)
Staff costs/Income ratio to be in line with 1994 Group 5% growth of income
Performance
Ranked 9th in the RAE2008 by grade point average (source: The Times)
0% increase in 2011-12 21% increase in 2010-11 16% increase in 2009-10 (source: financial statements)
92% in RAE2008
Ranked 17th for all non-specialist English HEIs in the 2012 NSS (20th in 2011) (source: NSS)
89% overall satisfaction in 2012 NSS, 88% in 2011 88% in 2010
87% in employment or study (source: HESA DLHE data)
39% from outside the UK in 2011-12 39% in 2010-11 38% in 2009-10 (source: internal data)
20% from 136 countries in 2011-12 20% in 2010-11 20% in 2009-10 (source: internal data)
7% from a single country in 2011-12 7% in 2010-11 9% in 2009-10 (source: internal data)
In the band 251 – 275 in 2012-13 In the band 201 – 225 in 2011-12 248 in 2010 (source: THE World Rankings)
2.4% in 2011-12 1.4% in 2010-11 4.4% in 2009-10
(source: Financial Statements)
77 days in 2011-12 80 days in 2010-11 60 days in 2009-10
0.6 in 2011-12 2.4 in 2010-11 6.8 in 2009-10 3.1 in 2008-09
53.5% in 2011-12 54.5% in 2010-11 54.6% in 2009-10
4.0% in 2011-12 5.2% in 2010-11 13.2% in 2009-10
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