Directors' Report and Financial Statements Structures and Statistics ...

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56 ITB Financial Statements 1998–1999 ITB Financial Statements 1998–1999 57 Notes to the Financial Statements Allocated for Allocated for Capital Recurrent Expenditure Expenditure Total 1 STATE GRANT IR£’000s IR£’000s State Grant for Recurrent Expenditure 228 1465 1693 State Grant for Capital Expenditure 7568 100 7668 _________________________________________________ 7796 1565 9361 __________________________________________________ The total of certain Diploma and Certificate courses is subvented by the European Social Fund (ESF) at National level. The subvention rate in the last completed claim which was for the year ended 31 December 1998 was at the rate of 35% of eligible expenditure. State grants for recurrent expenditure therefore are partly funded from this EU assistance. 2 TUITION FEES Period ended 9-Dec-99 IR£’000s Full-time students 233 students 72 ________ 72 ________ The Department of Education and Science paid tuition fees in the period of IRL£72,000 for certain certificate courses, the total costs of which are part funded by the ESF. 3 RESEARCH, CONSULTANCY & DEVELOPMENT INCOME Research Grants & Contracts 11 ________ 11 ________ EXPENDITURE Staff costs Consumables 11 Other Expenses ________ NET OUTCOME 0 ________ Notes to the Financial Statements continued 4 OTHER INCOME Period ended 9-Dec-99 IR£’000s Superannuation Deductions Retained 31 Capitation Fees 51 Transfer to Capitation Reserve (38) ________ 44 ________ 5 ACADEMIC DEPARTMENTS Staff: Teaching 272 Administrative, Executive & Secretarial 12 ________ 284 Materials and Other Consumables 33 Other Expenses 6 ACADEMIC SUPPORT SERVICES LIBRARY and COMPUTER SERVICES ________ 317 ________ Staff 183 Books and Periodicals 69 Materials and Other Consumables 7 Computer and Equipment Service Contracts 15 Computer Software 25 Student Support Services 13 Other Expenses 2 ________ 314 ________ 7 PREMISES and FACILITIES Staff 42 Minor Capital Works and Equipment 160 Maintenance Materials and Supplies 2 Cleaning Contract and Materials 17 Light, Heat and Power 18 Security Contractors and Services 85 Other Expenses 1 ________ 325 ________
58 ITB Financial Statements 1998–1999 ITB Financial Statements 1998–1999 59 Notes to the Financial Statements continued Notes to the Financial Statements continued 8 CENTRAL ADMINISTRATION AND SERVICES Period ended 9-Dec-99 IR£’000s Staff 164 Directors Remuneration 65 Stationery and Printing 34 Postage and Telephone 34 Staff Recruitment and Selection 108 General Advertising 105 Insurance 12 Governing Body Expenses 2 Hospitality and Catering 6 Legal and Professional Fees 4 Course Development and Validation 39 Consultancy Services and Contractors 69 Staff Training and Development 7 Travel and Subsistence 26 Other Expenses 17 ________ 692 ________ 11 TANGIBLE FIXED ASSETS Furniture Total Land and Fixtures and Construction Buildings Equipment in Progress IR£’000s IR£’000s IR£’000s IR£’000s Cost or Valuation 11 December 1998 10 10 Additions 7796 4804 1329 1663 __________________________________________________________________ 7806 4804 1339 1663 __________________________________________________________________ Depreciation at 9 December 1999 560 233 327 __________________________________________________________________ 560 233 327 ____________________________________________________________ Book Value 11 December 1998 __________________________________________________________________ 10 10 Book Value 9 December 1999 7246 4571 1012 1663 __________________________________________________________________ 12 DEBTORS Period ended 9-Dec-99 IR£’000s Prepayments and Accrued Income Other Debtors 291 ________ 9 SUMMARY OF EXPENDITURE Staff Costs 673 Materials and Services 986 Depreciation 560 ________ 13 CREDITORS 291 ________ 10 TAXATION The Institute of Technology, Blanchardstown Limited is exempt from Corporation Tax 2219 ________ AMOUNTS FALLING DUE WITHIN ONE YEAR Capitation Account 38 Trade Creditors and Accruals 285 Research and Development 5 PAYE 33 ________ 361 ________
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Directors' Report and Financial Statements Structures and Statistics ...

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