Financial Statements 2018/19


33. Financial instruments The University has the following debt instruments measured at amortised cost. Financial assets that are debt instruments measured at amortised cost: Year Ended 31 July 2019


Consolidated £’000


Trade debtors Tuition fees


Other receivables Accrued income


Amounts due from subsidiary companies Investments


Cash and cash equivalents


3,226 8,985 2,327 5,147 – –


96,662 116,347 Financial liabilities measured at amortised cost: Year Ended 31 July 2019


Consolidated £’000


Secured loans Unsecured loans


Obligations under finance leases Other liabilities and payables Trade payables Accruals


75,567 1


4,827


12,491 5,586


11,299 109,771 34.Related Party Transactions


During the year ended 31 July 2019 the University had transactions with a number of organisations which fell within the definition of Related Parties under FRS102. Transactions are disclosed where members of the Board of Governors and senior management disclose an interest in a body with whom the University undertakes transactions.


The University has taken advantage of the exemption within FRS102 Section 33 ‘Related Party Disclosures’ and has not disclosed transactions with other wholly owned subsidiary companies.


A Register of Interests is maintained for members of the Board of Governors and senior management and included within the financial statements are the following transactions with related parties:


University £’000


75,567 –


4,827 11,574 4,341 11,158


107,467 Year Ended 31 July 2018


Consolidated £’000


79,084 1 –


12,361 5,384 12,185


109,015


University £’000


79,084 – –


11,854 4,357 12,110


107,405


University £’000


2,848 8,031 857


2,584 4,299 –


90,539 109,158


Year Ended 31 July 2018


Consolidated £’000


3,057 6,849 2,242 5,440 –


7,500 79,734 104,822


University £’000


2,927 5,985 834


3,326 3,857 7,500


74,972 99,401


Middlesex University 103


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