Wintec Annual Report 2009
Wintec Annual Report 2009
Wintec Annual Report 2009
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FINANCIAL PERFORMANCE<br />
STATEMENT OF FINANCIAL PERFORMANCE<br />
FOR THE YEAR ENDED 31 DECEMBER <strong>2009</strong><br />
CONSOLIDATED<br />
PARENT<br />
Notes Actual Budget Actual Actual Budget Actual<br />
<strong>2009</strong> <strong>2009</strong> 2008 <strong>2009</strong> <strong>2009</strong> 2008<br />
$000 $000 $000 $000 $000 $000<br />
INCOME<br />
Government grants 3(a) 46,201 44,499 46,967 46,201 44,499 46,967<br />
Student tuition fees 3(b) 21,036 18,738 18,995 21,036 18,738 18,995<br />
Other income 3(c) 5,629 5,029 4,818 5,405 5,029 4,810<br />
Finance income 3(d) 213 - 456 213 - 456<br />
Total Income 73,079 68,266 71,236 72,855 68,266 71,228<br />
EXPENDITURE<br />
Employee benefit expenses 3(e) (38,973) (37,590) (38,279) (38,710) (37,590) (38,279)<br />
Depreciation expense 9 (6,654) (7,803) (6,682) (6,654) (7,803) (6,682)<br />
Amortisation of intangible assets expense 10 (768) (600) (735) (768) (600) (735)<br />
Materials and consumables 3(g) (24,125) (21,514) (24,101) (23.858) (21,514) (23,827)<br />
Other expenses 3(f) (653) (607) (799) (653) (607) (799)<br />
Finance costs 3(d) (245) (500) (32) (245) (500) (32)<br />
Total expenditure (71,418) (68,614) (70,628) (70,888) (68,614) (70,354)<br />
Share of associates surplus/(deficit) (219)<br />
SURPLUS/(DEFICIT) FOR THE PERIOD 1,442 (348) 608 1,967 (348) 874<br />
The accompanying notes form part of these financial statements.<br />
<strong>Wintec</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2009</strong> _ 33
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