Income and expenditure 2017

Income and expenditure 2017

Income £000
Funding body grants 160,362
Tuition fees and education contracts 178,399
Research grants and contracts 179,497
Other income 79,214
Endowment and investment income 10,371
Total income 607,843
 
Expenditure  
Staff costs 323,460
Other operating expenses 208,492
Depreciation 33,453
Interest and other finance costs 4,177
Total expenditure 569,582
   
Consolidated surplus before other gains 38,261
Gain/(loss) on disposal of property, plant and equipment 4,478
Gain on investments 13,779
   
Consolidated surplus before tax 56,518
Corporation tax 35
Consolidated surplus after tax 56,553

All items of income and expenditure arise from continuing operations.

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