Annual Accounts 2011 - University of Abertay Dundee

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University of Abertay Dundee Annual report and financial statements 31 July 2012 Contents Operating and Financial Review 1-4 Corporate governance statement 5-9 Responsibilities of the University Court 10-11 Independent auditors’ report 12-13 Statement of principal accounting policies 14-17 Consolidated income and expenditure account 18 Statement of historical cost surpluses 18 Consolidated statement of total recognised gains and losses 19 Balance sheets 20 Consolidated cash flow statement 21 Notes to the financial statements 22-37
University of Abertay Dundee Annual report and financial statements 31 July 2012 Operating and Financial Review Scope of the Financial Statements The Financial Statements presented on pages 14 to 37 comprise the financial results of the University of Abertay Dundee and the subsidiary company, Add Knowledge Ltd, for the year to 31 July 2012. Results for the Year The results for the year to 31 July 2012 are summarised as follows: 2012 £000 2011 £000 Income 34,164 37,054 Expenditure 32,249 33,754 Surplus for the year before exceptional items 1,915 3,300 Loss on disposal of assets (63) (5) Transfer from accumulated income within endowments 13 50 Surplus for the year retained within general reserves 1,865 3,345 The principal activity of the subsidiary company, Add Knowledge Limited is software development, and incorporated within these financial statements. The income and expenditure can be broken down as follows: Income 2012 2012 2011 2011 £000 % £000 % Funding council grants 18,021 53% 20,676 56% Tuition fees and education contracts 9,984 29% 10,087 27% Research grants and contracts 1,017 3% 894 2% Other income 4,557 13% 4,661 13% Endowment and investment income 585 2% 736 2% Total income 34,164 100% 37,054 100% 1
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Annual Accounts 2011 - University of Abertay Dundee

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