Annual Accounts 2011 - University of Abertay Dundee

University of Abertay Dundee
Annual report and financial statements
31 July 2012
Consolidated income and expenditure account
for the year ended 31 July 2012
Note 2012 2011
£000 £000
Income
Funding body grants 1 18,021 20,676
Tuition fees and education contracts 2 9,984 10,087
Research grants and contracts 3 1,017 894
Other operating income 4 4,557 4,661
Endowment and investment income 5 585 736
Total income 34,164 37,054
Expenditure
Staff costs 6 (22,041) (22,578)
Other operating expenses 7 (8,870) (9,513)
Depreciation 8 (1,238) (1,554)
Interest payable 9 (100) (109)
Total expenditure 8 (32,249) (33,754)
Surplus after depreciation of fixed assets
1,915 3,300
Loss on disposal of assets (63) (5)
Surplus after depreciation of fixed assets and disposal of
assets 1,852 3,295
Surplus for the year transferred to accumulated income in
endowment funds
13 50
Surplus for the year retained within general reserves 1,865 3,345
The income and expenditure account is in respect of continuing activities.
Statement of historical cost surpluses for year ended 31 July 2012
Surplus for the financial year 20 1,865 3,345
Difference between historical cost depreciation and the
actual charge for the year calculated on the revalued amount
107 107
Historical surplus for the year 1,972 3,452
18