Income and expenditure 2016

Income and expenditure 2016

Income £000
Funding body grants 158,693
Tuition fees and education contracts 161,586
Research grants and contracts 177,790
Other income 74,832
Endowment and investment income 9,651
Total income 582,552
 
Expenditure  
Staff costs 295,064
Other operating expenses 242,034
Depreciation 30,882
Interest and other finance costs 3027
Total expenditure 571,007
   
Consolidated surplus before other gains  11,545
Gain/(loss) on disposal of property, plant and equipment 1067
Gain on investments 1502
   
Consolidated surplus before tax 14,114
Corporation tax (581)
Consolidated surplus after tax 13,533

All items of income and expenditure arise from continuing operations.

Full financial statements for the period can be viewed at: Financial Statements