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

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68 ITB Financial Statements 1999–2000 ITB Financial Statements 1999–2000 69 INSTITUTE OF TECHNOLOGY BLANCHARDSTOWN Income and Expenditure Account for period 10 December 1999 to 31 August 2000 Balance Sheet as at 31 August 2000 2000 2000 INCOME NOTE IR£’000s €,000 State Grant 1 1840 2336 Release from Capital Account 14 481 611 Tuition Fees 2 106 134 Research,Consultancy and Development 3 49 62 Other Income 4 69 88 ____________________________ 2545 3231 ____________________________ EXPENDITURE Academic Departments 5 694 881 Academic Support Services 6 423 537 Premises and Facilities 7 204 259 Central Administration and Services 8 555 705 Research, Consultancy & Development 3 49 62 Depreciation 11 481 611 ____________________________ 2406 3055 ____________________________ OPERATING SURPLUS 139 176 2000 2000 FIXED ASSETS NOTE IR£’000s €,000 Tangible Assets 11 8650 10983 ____________________________ 8650 10983 ____________________________ CURRENT ASSETS Debtors and Prepayments 12 489 620 Cash at Bank and in Hand 36 46 ____________________________ 525 666 ____________________________ CURRENT LIABILITIES Creditors - Amounts falling due within one year 13 353 448 ____________________________ NET CURRENT ASSETS 172 218 ____________________________ ____________________________ NET ASSETS 8822 11201 ____________________________ ACCUMULATED SURPLUS AT THE START OF THE PERIOD 33 42 ____________________________ ACCUMULATED SURPLUS AT THE END OF THE PERIOD 172 218 ____________________________ All gains and losses are recognised in the Income and Expenditure Account The Statement of Accounting Policies, Cash Flow Statement and notes 1 to 19 form part of the financial statements. Represented by: RESERVES Capital Account 14 8650 10983 Income and Expenditure Account 172 218 ____________________________ 8822 11201 ____________________________ Signed on behalf of Governing Body The Statement of Accounting Policies, Cash Flow Statement and notes 1 to 19 form part of the financial statements. Director ____________________________________ Signed on behalf of Governing Body Chairman ____________________________________ Director ____________________________________ Chairman ____________________________________
70 ITB Financial Statements 1999–2000 ITB Financial Statements 1999–2000 71 Cash Flow Statement for period 10 December 1999 to 31 August 2000 Notes to the Financial Statements CASH RECEIVED FROM 2000 2000 NOTE IR£’000s €,000 Allocated for Allocated for Capital Recurrent Expenditure Expenditure Total Total State Grants for Recurrent Expenditure 1672 2123 Superannuation Contributions 52 66 Tuition Fees 118 150 Research and Consultancy Contracts 32 41 Interest Income Other Income 44 56 ____________________________ 1918 2436 CASH PAYMENTS Cash Payments to and on behalf of Employees 1126 1430 Cash Payments to Suppliers 851 1081 Other Cash Payments 3 4 ____________________________ NET CASH OUTFLOW FROM OPERATIONS (62) (79) ____________________________ CAPITAL EXPENDITURE Grants Received - State Capital Grants 1980 2515 Allocation from State Recurrent Grant Proceeds from sale of Capital items Payments to Acquire Tangible Fixed Assets 1973 2505 ____________________________ NET CASH INFLOW FROM CAPITAL EXPENDITURE 7 10 ____________________________ Net Cash (Outflow) before student grants (55) (69) Net Cash (Outflow) from Student Grants 17(c) (12) (16) ____________________________ (DECREASE) IN CASH AND CASH EQUIVALENTS 17(b) (67) (85) ____________________________ The Statement of Accounting Policies and notes 1 to19 form part of the financial statements. Signed on behalf of Governing Body Director Chairman ____________________________________ ____________________________________ 1 STATE GRANT IR£’000s IR£’000s IR£’000s €,000 State Grant for Recurrent Expenditure 1740 1740 2209 State Grant for Capital Expenditure 1885 100 1985 2521 ______________________________________________________________________ 1885 1840 3725 4730 ______________________________________________________________________ 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 1999 was at the rate of 34% of eligible expenditure. State grants for recurrent expenditure therefore are partly funded from this EU assistance. 2 TUITION FEES Period ended Period ended 31-Aug-00 31-Aug-00 IR£’000s €,000 Full-time students (239 students) 71 90 Part-time students (135 students) 35 44 ____________________________ 106 134 ____________________________ The Department of Education and Science paid tuition fees in the period of IRL£71,000 for certain certificate courses, the total costs of which are part funded by the ESF. 3 RESEARCH, CONSULTANCY and DEVELOPMENT INCOME Research Grants and Contracts 49 62 ____________________________ 49 62 ____________________________ EXPENDITURE Staff costs 49 62 Consumables Other Expenses ____________________________ NET OUTCOME 0 0 ____________________________
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