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

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84 ITB Financial Statements 2000–2001 ITB Financial Statements 2000–2001 85 Income and Expenditure Account for year ended 31 August 2001 Balance Sheet as at 31 August 2001 Period Period ending ending 31-Aug 31-Aug 2001 2000 2001 2000 €’000 €’000 INCOME NOTE IR£’000s IR£’000s 4173 2336 State Grant 1 3287 1840 1108 611 Release from Capital Account 14 873 481 729 134 Tuition Fees 2 574 106 54 62 Research, Consultancy and Development 3 43 49 350 88 Other Income 4 276 69 ______________________ ____________________________ 6414 3231 5053 2545 ______________________ ____________________________ EXPENDITURE 1998 881 Academic Departments 5 1574 694 1074 537 Academic Support Services 6 845 423 491 259 Premises and Facilities 7 387 204 1385 705 Central Administration and Services 8 1091 555 54 62 Research, Consultancy and Development 3 43 49 1108 611 Depreciation 11 873 481 ______________________ ____________________________ 6110 3055 4813 2406 ______________________ ____________________________ Period Period ending ending 31-Aug 31-Aug 2001 2000 2001 2000 €’000 €’000 NOTE IR£’000s IR£’000s FIXED ASSETS 20928 10983 Tangible Assets 11 16482 8650 ______________________ ____________________________ 20928 10983 16482 8650 ______________________ ____________________________ CURRENT ASSETS 570 620 Debtors and Prepayments 12 449 489 353 46 Cash at Bank and in Hand 278 36 ______________________ ____________________________ 923 666 727 525 ______________________ ____________________________ CURRENT LIABILITIES 401 448 Creditors - Amounts falling due within one year 13 315 353 ______________________ ____________________________ 522 218 NET CURRENT ASSETS / (LIABILITIES) 412 172 ______________________ ____________________________ ______________________ ____________________________ 21450 11201 NET ASSETS 16894 8822 ______________________ ____________________________ 304 176 OPERATING SURPLUS 240 139 218 42 ACCUMULATED SURPLUS AT 1 SEPTEMBER 2000 172 33 ______________________ ____________________________ 522 218 ACCUMULATED SURPLUS AT 31 AUGUST 2001 412 172 ______________________ ____________________________ Represented by: RESERVES 20928 10983 Capital Account 14 16482 8650 522 218 Income and Expenditure Account 412 172 ______________________ ____________________________ 21450 11201 16894 8822 ______________________ ____________________________ The Statement of Accounting Policies and Notes 1 to 19, form part of the financial statements. Signed on behalf of the Governing Body: The Statement of Accounting Policies and Notes 1 to 19, form part of the financial statements. Signed on behalf of the Governing Body: Director ____________________________________ Director ____________________________________ Chairman ____________________________________ Chairman ____________________________________
86 ITB Financial Statements 2000–2001 ITB Financial Statements 2000–2001 87 Cash Flow Statement for year ended 31 August 2001 Period Period ending ending 31-Aug 31-Aug 2001 2000 2001 2000 €’000 €’000 NOTE IR£’000s IR£’000s CASH RECEIVED FROM 4245 2123 State Grants for Recurrent Expenditure 3343 1672 147 66 Superannuation Contributions 115 52 853 150 Tuition Fees 672 118 54 41 Research and Consultancy Contracts 43 32 Interest Income 139 56 ______________________ Other Income 109 44 ____________________________ 5438 2436 4282 1918 CASH PAYMENTS 3424 1430 Cash Payments to and on behalf of Employees 2697 1126 1656 1081 Cash Payments to Suppliers 1304 851 90 4 ______________________ Other cash Payments 71 3 ____________________________ 268 (79) ______________________ NET CASH INFLOW FROM OPERATIONS 210 (62) ____________________________ CAPITAL EXPENDITURE 10649 2515 Grants Received - State Capital Grants 8387 1980 521 Allocation from State Recurrent Grant 411 Proceeds from sale of Capital items 11127 2505 ______________________ Payments to Acquire Tangible Fixed Assets 8763 1973 ____________________________ 43 10 ______________________ Net Cash Inflow/(Outflow) from Capital Expenditure 35 7 ____________________________ 311 (69) Net Cash Inflow/(Outflow) before student grants 245 (55) (4) (16) Net Cash Outflow from Student Grants 17(c) (3) (12) 307 (85) Increase/(Decrease) in Cash and Cash Equivalents 17(a) 242 (67) ______________________ ____________________________ Signed on behalf of the Governing Body: Director ____________________________________ Notes to the Financial Statements Year ended Period ended Allocated Allocated Year ended 31 August 31 August for Capital for Recurrent 31 August 2001 2001 Total 2000 Total Expenditure Expenditure Total €’000 €’000 1 STATE GRANT IR£’000s IR£’000s IR£ 4622 2209 State Grant for Recurrent Expenditure 411 3229 3640 10531 2521 State Grant for Capital Expenditure 8236 58 8294 ______________________ _______________________________________ 15154 4730 8647 3287 11934 ______________________ _______________________________________ Year ended Period ended Year ended Period ended 31 August 01 31 August 00 31 August 2001 31 August 00 €’000 €’000 2 TUITION FEES IR£’000s IR£’000s 415 90 Full-time students 463 students (239 students) 327 71 314 44 Part-time students 318 students (135 students) 247 35 ______________________ ____________________________ 729 134 574 106 ______________________ ____________________________ The Department of Education and Science paid tuition fees in the period of £324,550 for certain certificate courses, the total costs of which are part funded by the ESF. 3 RESEARCH, CONSULTANCY and DEVELOPMENT INCOME 54 62 Research Grants and Contracts 43 49 ______________________ ____________________________ 54 62 43 49 ______________________ ____________________________ EXPENDITURE 54 62 Staff costs 43 49 Consumables Other Expenses ______________________ ____________________________ NIL NIL NET OUTCOME NIL NIL ______________________ ____________________________ Chairman ____________________________________
Page 1 and 2: Annual Report 1999-2002 Blanchardst
Page 3 and 4: 2 Institute of Technology Blanchard
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Page 43: 82 ITB Financial Statements 2000-20

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