Income and expenditure 2018

Income and expenditure 2018

Income £000
Funding body grants 158,427
Tuition fees and education contracts 203,956
Research grants and contracts 180,818
Other income 79,494
Endowment and investment income 7,943
Total income 630,638
 
Expenditure  
Staff costs 332,909
Other operating expenses 236,309
Depreciation 35,084
Interest and other finance costs 8,937
Total expenditure 613,239
   
Consolidated surplus before other gains 17,399
Gain/(loss) on disposal of property, plant and equipment 1,054
Gain on investments 13,468
   
Consolidated surplus before tax 31,921
Corporation tax -152
Consolidated surplus after tax 31,769

All items of income and expenditure arise from continuing operations.

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