ARCPHOTOVOLTAICSCENTRE OFEXCELLENCE2010/11ANNUAL REPORT7. FINANCIALSUMMARYThe total income for 2010 for the AustralianResearch Council (ARC) Photovoltaics Centre <strong>of</strong>Excellence was $6.8 million. This does not includeover $2 million from the Host Institution based onEFTSU and related income. This income has beengenerated by the Centre through its educationalactivities that have formed the basis <strong>of</strong> a Schoolwithin the Faculty <strong>of</strong> Engineering. This income hasbeen used for the development <strong>of</strong> new courses andteaching materials and to fund the salaries <strong>of</strong> most<strong>of</strong> the academic staff associated with the Centre.The largest two components <strong>of</strong> Centre income interms <strong>of</strong> cash contributions were from the ARCwith $2.1 million for the Centre Grant and industrywith $2.0 million. The former was complementedby a further $0.49 million in ARC funding for othergrants. However, for the latter, in-kind contributionsfor collaborative research add a further almost$1 million, effectively making industry funds thelargest income source for the Centre for the fourthconsecutive year. With the booming photovoltaicindustry, the success <strong>of</strong> Centre PV technology andthe high demand for companies wishing to workwith the Centre, this trend is expected to continue.Figure 7.2 shows a more detailed breakdown <strong>of</strong>income derived from industry and related sources.The largest industry contributor was again Suntech-Power, but with the majority <strong>of</strong> the $0.63 millionbeing in-kind contributions resulting from most<strong>of</strong> the collaborative research being carried out atthe premises <strong>of</strong> Suntech in China. The largest cashcontributor was the consortium <strong>of</strong> Toyota, GeneralElectric, Schlumberger and ExxonMobilfor the Global Climate & Energy Project,administered by the Stanford <strong>University</strong>,who contributed $0.61 million. The nextthree largest cash contributions were from CSGSolar from Australia, Shinsung Holdings from Koreaand Guodian Solar from China, each contributingabout $0.3 million. Other cash and in-kindcontributions have been made by a large number<strong>of</strong> industry collaborators and contributors <strong>of</strong> whomthe most significant have been Hyundi HeavyIndustries, the European Commission, RenewableEnergy Corporation (REC), BP Solar, CEEG NanjingPV Tech, Toyota Motor Group, E-ton Solar, Silex, Roth& Rau, Global Sunrise Energy, Infigen Energy, theAustralian Academy <strong>of</strong> Science and Advent Solar. Inaddition, many other companies contribute to theCentre through the expertise and experience they<strong>of</strong>fer in collaborative research areas and the in-kindsupport they provide through access to equipment,facilities and personnel not available at UNSW.The third largest cash component <strong>of</strong> income wasHost Institution support. UNSW contributed $1.0million not including additional Host Institutionsupport in the form <strong>of</strong> EFTSU and related income.The next largest cash component <strong>of</strong> income was$0.70 million from the State Government, primarilythrough the Department <strong>of</strong> State and RegionalDevelopment (DSRD). This funding has beenparticularly important for the purchase <strong>of</strong> newequipment and the development <strong>of</strong> facilities.Other Centre contracts, consulting work andtechnology transfers are conducted through<strong>New</strong><strong>South</strong> Innovations, the commercial arm <strong>of</strong>the university. These are handled on behalf <strong>of</strong>122
ARCPHOTOVOLTAICSCENTRE OFEXCELLENCE2010/11ANNUAL REPORTSources <strong>of</strong> Centre income.Figure 7.1the Centre <strong>of</strong> Excellence and its staff throughthe <strong>New</strong><strong>South</strong> Innovations accounts and notincluded in this financial report.The Centre also earns income through thesale <strong>of</strong> educational CDs, books and computers<strong>of</strong>tware and running short courses.Centre 2010 Expenditure <strong>of</strong> ARC Grant was $2.3million as shown in Figure 7.3, approximately$200k more than the corresponding income.By far the largest component <strong>of</strong> expenditurewas for salaries and scholarships with $1.4million, including for research appointments,technical support, administrative staff, financialmanagement, specialised consultants andfacility cleaning. Appointments include fulltime,part-time and casual.Equipment expenditure, mainly for small itemsor small contributions leveraged to purchaselarge items, was $101k from the ARC Grant. Withthe large amount <strong>of</strong> industry funded research,travel expenditure was quite significant at$145k, with several staff and students makingmany trips to industry partners for industrycollaborative research and technology transfers.Other travel included attendance and paperpresentation at international conferences.2010 industry income to the ARCPhotovoltaics Centre <strong>of</strong> Excellence.Figure 7.2Another major component <strong>of</strong> Centreexpenditure from the ARC grant is onconsumables and maintenance with $633K.These costs are strongly dominated bylaboratory consumables to support the deviceresearch such as high purity gases, chemicalsand general laboratory supplies.Expenditure <strong>of</strong> the ARC grant byexpenditure category.Figure 7.3123