cniversity college cork national university of ireland, cork … · 2019-01-23 · luinrsity...

$: Cniversity College Cork National University of Ireland, Cork … · 2019-01-23 · Luinrsity College Cork :\ational t;ni\(:'rsity of Ireland. Cork . HO:\ORARY TREASLRER'S REPORT$
Cniversity College Cork National University of Ireland Cork

Consolidated Financial Statements

Ycar Ended 30 Septemher 2004

lninrsity CoIlegt Cork CHllsolidated Financial Stattlllellts 21104 arional Cniversiry of Ireland Cork

COTETS

Page

HUORARY TREASURERS REPORT

ST- T[1[T OF GOVERNING BODYS RESPO~SIBILlTIES

IDEPE~DET AlDrrORS REPORT

STTEllElT OF ACCOLNTlNG POLICIES S 1

Cc)SOLIDATED I1COME AND EXPETDITURE ACCOUNT 11

COlSOLIDTED BALAJlCE SHEET

COSOLlDxrED STATEMENT OF HISTORIC COST SURPLUSES AND DEFICITS

5TTEMET OF TOTL RECOGNISED GAINS AND LOSSES 1 ~

CONSOLIDTED CSH FLo STATEMET 14

NOTES TO THE ACCOUNTS ] 30

HE Fl~DlNG STATElvlENT AND RECONCILIATION 31

lninTsit~ College Cork atiouallniversit)middot of ireland Cork

HOORARY TREASCRERS REPORT

Format of Accounts

For veraJ Years the financial statements of the Ul1lcTsnies have been prepared on a tailor-made basis agreed between the univcrsitIes and the Higher Education Authorin LHpound) FollowlIlg detaded consultatlon with the HEA and the Cl1lrtroJicr and Auditor-GeneraL It has heen agreed that th published finanClal ~tatements wilL from the vear ended Ie September 0(3 he prepared on the hasis or Generally ACC(1uming PrinCIples (GAAP) and these Clre the ~tatcmcnts that are now appended The previous hasis will continue to he used to prepare a HEA Funding Statement lC

a lnanlUl report whIch reflets the fundmg requIrements of the untverslles

There are Slgt1tilcam differences beteen the tW(l formms of finanCIal statemems Under the Funding Statelllem arr~lllgemenL II was agreed that a proportion of fee IIlcome (related to economIC fcc income from non-FU swdents and fcc lenes paid bv ail students) was treated as capltalmcome W be used for deC~lopment purposes and not IIlcluded in the recurrent mcome of the Uniersit Unspent depanmental balances were previoush accrued 10 expenditure hut under Ci--P are treated as a reduction in expendllure Certain non-recurring lIlcome eg arismg on sale of land l~ treated as 11~ll11e under CiAv) There are also SIgnificant differences 111 the treatment relating 10 depreCIatIOn and amortisatIon of capllal recelpls A number of other mmor differences in treatment also anse

The net result will tend le be that under GAAP the surplusdefiCIt s1uation will bc more advantageous than 111 the HEn FU1dmg Statement but the latter more accurately refkcts the lJ11lVersllYs funding requirements

Current Account

Thgt out-tum for the vear on current account is a dcficit of f2646m While this deficit IS histOrIcally very large It I~

slgmficantly better than had been forecast by the UniversllY to the BEA following the Govemments unprecedented dC~lslOn to freeze umverslly recurrent grants in 2004 an Issue I highlighted in my previous report Under the Fundlllg Swtcment basis th defICit IS euro5R92m mclusive of a provision for the impact of recent employment legIslation on the PrC1ISlon of pension benefit for contract staff amountmg to EA4m the funding of thIS amount is the subject of olJ-gomg dISCUSSIons with the HEA This leaves the remaining fundmg deficit at approXImately fl5m some one million eun less than had been forecast The proJslon for pensIOn benefll for contract staff III the GAAP financial statements is E6035m dll to an mcrease in the rate of contribution required which was IdentIfied after the Funding Statement had been approved The aprarel1tly better out-tum under GAlu is for the reasons outlllled above including the availability of a n(m-re~~urring Illcome item lf E2649m arising on the sale of lane

In-ome at f 133m shows an mcrease of II06~o on the prevlou year ExpendIture at euro IS 9m represents an IIlcrease Llf 11 ~( D accounted for in pan by pay and other innation but also arises as a consequence of continuing devclopment suh as the progression of ne programmcs III Nursing Pham1Glcy Occupational Therapy and Speech amp Languag Thrapv

Capital Expenditure

Enhancement to thegt physical estate of the University continues to grow apace with th major building programme and equipment acquisilJon resulting 111 an Illestmelll ofell 86m lprevious veal E6ml A total of (5047m was reeivcd dunng the vear in the form of capital grants The FlEA contributed C7 21 m The balance of f2296rn was provided 1 other funding agencies and benefactors

Thc expenditure reflects the investment ID tht MedICaL Therapies and Nursing buildings on the Brookfield site which I hJC alread mClllC1ned as well as the Environmental Research Institute building the completion of the Glucksman Art

pWJect and the wint acqmsition of the irish Distillers SHe with the MerC University Hospital (Cork) Limited

Ctpltal expenditure continue5 to rely heavily on non-State fundmg In splle of the publication of the Kelly Repllr on U11lversIt capItal needs little or ill new building proleet fundmg hus been made available l1 spite of the strong case made in the Kelly Report Of mawr eoneem I tbe IJck of a Governmcnt deCIsion to finalise fundlllg for the InfonmlllUn Technohgy buildmg planned for the Greyhound Track itc on cstem Road

lt~ tIm ~middotontexl the U1llverSIl contl11ues tll bcnefIt from the fund-rals1l1g activities of Cork l]11lersity Foundauor Lm1Hed Once agam I express the LmerSli apprceiatJ(l] fur this 8UPP()r hich is vllal for the contllluin)C essentIal

development of Its infrastructure

lniersiry College Cork atilmal Lniycrsity of Ireland Cork

HOORARY TREASURERS REPORT

Start Gnlllt

III the ear under rCle State Grant contributed f-24i-6m a~ agall1st f7(gtCl5m in the preious VeaL Tbi reflects a

nKrt ll1creasc of 13 reilccllng tllc cxtraordlllar dcci-)(lD tn freeze cre State Grant in 2004 State Grams no clntnbutc ()8 orLnivers1ty income as against 3696 in the prejous vear

Fees PoJitY

Fcc ll1come no stands at f63445m and represent 2974deg of IOta incomc PrelOUS year were (3 79m ~llld 20 ~Ro IJ lnd-r the GovemIl1ent~ free fee~ inilial1Yt 11105t of the fees In r~spect of full-1inle undergraduate student trl1m Fe coumnes are paJd fClr by the State

maJor rccommendauon in the OECD report on Irish third ce1 education commisslOned by the Goemment and publtshcd 111 20(l4 ad(lcates the re-lDtroducuon (lj fees to be paid by students as a means of ecurlllg much needed addltwllal fundmg [or the univcrsJlie The Government has decided not to do so

Research income

Once agam I am happ to report furtber success on the generation of I11come from funded research grant~ and contracts Under the G-p convention research Income is reponed as recurrent Income exclusive of amounts received to be expended on equlpmenL The income figure for the year under reie is f4750 I111 or 22270 of total reCUlTent lllComc IprclOUS year figures were f41303m or 215 I ~l

TIllS ery satisfactory outcome is due (l the diligence and dedicalJon of large numhers of academlc staff who as pnncipal investigators generate this mcome Such income is no earned on a seriously competitive basis UCC has been sll1gularly successful in the competitive awards under the Programme for Research in Third Leel Institutions (PRTLl) and Science Foundation Ireland (SFI) programmes

I referred III my previom report w the slgl1lficant development arising on the establishment of a Centre for SCience Engineering and Technologv (CSET) under the aegi~ of SFI and the involvement therein of an indigenou~ spm-out c(mpany Alimentary Health Lll111ted this project continues to gro successfully Another more recent major

declopment is the secunng of funding suppol1 from SFI for the restructuring of malOr research functions preloush earned (ut under the of the NatlOnal Microelectronics Research Centre and of several academic depal1ment mcIudlllg Physic~ Electrlcal amp Electronic Engineering and IVllcroelectronic Engineering under a new organisationa structure Tvndall iational lnsutute

)cnsiuns

PensIOn costs are now a malor lssue in the economy generally and the university system 1 no exception The UCC

Pension Scheme in defmed henefil schemel whlCh applies to mosl stall is partIally funded There is a separate defined comnbutlon scheme for contract stafT The funding sltUallOn is thc subject of on-going d1scussions between the UlllersIles and the HEA In thIS context also the Issue relallng to the ccst (r pension proision for contract siaff pr(lided for II1 recent employment legIslation is of maJor conccm

In the ltlCCc)lll1ts under rCmiddotle there is for the firt ]111C a requlremenl to II1clude a of note the total hability of ~l

pen~wn fund calculated in a speClfic a as reqUIred ov Financ1al Reporting Standard 17 (FRS i i~ lth nwsl pellSlOn funds and pamcularl since the UCC ~chel11e IS a pal1ially funded one a significant deficiency is recorded HceVcT it must he noted that the partlcular method or lakulalJon rcqUlred FRS 1 - tend (l use antiCipated rate~ of rGlUm on penswn fund mvestment whieh arc coniderably lower than actually rcaltsed

Th iue of pensIOn fundmg will contll1ue ( be dlscusscd ith the H EA

The Future

The success of UCC in resear2h fundmg takes pla~e III the contet oj a huge llKreasc ]]l Stat lllestment oer the last

ears under the aegIS of the HEA and SfI fillS increase in hmdmg 1 m stark contrast to the pauett oi fundmg rlf recurrent purposes ThI dlsconnect I dinlcult to understand In the shOI1 term II means that the ll1creastd resc aClllt ansmg 011 liCCs success piaus huge demands 011 the Cniverils inadtquare mfrastructurc In the longer leTn

Luinrsity College Cork ational tni(rsity of Ireland Cork

HOORARY TREASLRERS REPORT

till un~ati~fatCry state of afralr~ lhreatem 0 damage the reqUIrement to pwdu2C young res~arehers w staff the future

re~ar~i1 need~ of the economy

I am ~Iare that there are on-golllg diSCUSSIOns takmg place between the uniersities and the State agencies 111 an cffon 0

~eure the neccsary funding already advocated by the Kelly Repon and the OEeD Report I referred tel above It I

onh way of a PC)SlllVe reponse (1 these ll1ltiaties will Ireland be able l0 develop the ul1Jersny system Jl needs to

sUIPClfl the need of our future SOCiCl)

In the meannme I am confident that III spite of the serioU5 finanCIal SltuatJOll now pertaining UCC will be well (1

It wk 1I1 suppDning the economic cultural and SOCIal dCHJopment of lrish S(CJCty~

Dennot 0 l1ahone l-IOI10ra Treasurer

Juh 2006

t niwrsin C011lt(1lt Cork ational tniYersity of Ireland Cork

S1TpoundIpoundT OF GOVERIIIG BODYS RESPOSIBILlTIES

The Ci0C11mg Bdy is required to comply iilb the Umvcrsitics Act 1QCl( and to keep in such form a5 nWi h ~pproved 11 t(darls um ArdOideachas all proper and usual lecounts of mOlle rccIvcd and expended by II

In preparing th0se accounts he G(iemmg Bod is required lc

bull s1ct suitable policies and then app them wnsIstcntly

bull 111ake Judgements lnd estimates thal are reasonable and prudellt

bull dIsclose md explain any matcnal departures from appk~able accC1ullting standards and

bull prepare the financial statements on the gCiing C0nCefl] basis unless It j- ll1appropnatC l(l presume that the lniverll will continue m (iperation

The GOcTnmg Body is responsible ror keeping proper books of account vrllch dIsclose with reasonabk accuran at any tilll the finmeial posItion of the UnIversIty and which enable l W ensure that Its fmancull statements comply WIth the ll1lrsities Act 1997 [he Statement of Recommended Practice on Accounting in Hlghcr Educallon InstltUllOnS and are prpared m accordance wIlh accounting standard generally accepted 111 Ireland

The Governing Bod i responsible for ensunng that the busmess of the University is conducted ill proper and regular manner and for safeguardlllg all assets under Its operatJOnal control and hence for taking reasonable steps for the pnYemion and detectlon of fraud and other irr~gtgulantles

Deloitte Dcicltte amp T()(lC~e ChJrtereu At (ountan) amp Resistered Audno~)

IDEPE1DENT ACDITORS REPORT TO THE GOYER1I1G BODY OF CiIYERSITY COLLEGE CORK

e hae audited the financial statements of unJcrsJty College Cork for thc vear ended 0 September 20(14 hich compnse th consclidated income and expenditure account the balance sheet of the Ul1Iversity and of the LJJllversJty and its sulJS1diary undertakings (the Group balance sheet) the consolidated cash flow statement the statment of total recognised gains and losses and the related notes 1 w 3 1 These finanCIal statementgt have been prepared under the accounting policies set out therein

Tl115 repon is made solely to the members of the Govemmg BodY of LJniversity College Cork as a body OUf

audn work has been undertaken so that we might state to the members of the Govemmg Body thos matters c state to them in our auditors repon and for no other purpose To the fullest extent permitted by law we dc not accept or assume responsibihty 10 anyone other than tbe member or the Govemmg Bod for our audit work lor this report or for the opinions we have formed

Respective responsibilities of the Governin~ Body and auditors The Govemmg Bodys responsibility for preparing the annual repon and the financial statements 11l

accordance WIth the umverSItles Act 1997 and wah 8ccountmg standard gencrall accepted Il1 Ireland l set out on page Il1 the statement of the Govemmg Bods responsibilities

Our respomibilit IS to audit the financial statements in accordance WIth relevant regulator requirements and lUdltll1g standards Issued by the auditmg Practices Board applIcahle in Ireland

We repon to yOU our opimon as te whether the financial statements gIve a true and i1ir ICW and are pwperiv prepared Ve report whether the finanCIal statements prepared in accordance with generally accepted accountll1g principles have been properly extracted from the books and records of the Universlv Ve state whether we have obtallled all the information and eplanatlons we consider necessary for the purposes of our audit

Basis of audit opinion We conducted our audJl II accordance with audltll1g standards Issued by the Audning Practices Board and generallv accepted in Ireland An audIt ll1c1udes examinatlon on a test basls of eVIdence releant to the amounts and disclosure m the finanCIal statements It also includes an assessment of the slgl1lficant estImates and judgements made b the members of the Govemll1g Bod III the preparation of the fll13nclal statements and of whether the accounting pohcies are appropriate (l the Universit circumstances cOl1SIQently applied and adequately disclosed

(COJ1linued on rhe lieXI page

MernJ(f Deloitte Touche Tohmatsu

Deloitte

t plannd and re~forrnd our audll so as W ontam al] tht mfCrn1G110n and explanatloflS whIch we

COflSldered necessar) m order [( provide u with sufficient cYlcience 10 rcaonahle assurance that the rinancxal statement 3re free from mmenal misstatement whether aused h fraud or other megularity 0

~ITOr 1n fOITmng our Opll1lOD we also evaluated the oyerall adequac) of the presentalon of informauon Hi [h~

financIal Slnemenrs

Qualified opinion arising from non lomplianc( with alcouIHillg and disclo~ure requirements of Statement of Standard Accounting Practice 24 Aclounting for Pension Costs

Til Cniverslt has not complIed with the accounllng and dIsclosure reqUlremellls of Statement of Standard

A~counl1ng Pral1cc 24 Accoummg for PenslOn COftS pamcularh m respect of pension supplementation 111

respect of mcreases III penSIOns payable It IS not pracllcable to quantify the impact of this non-complwnce

lll the reponed finanCIal position of th~ limversllY

fo~ the failure [e provide the dIsclosure aud the adlustmel1l that mIght have heen found tll be

necessary [( compiy Ith the accountmi2 and dIsclosure reqUIrements 0 Stllemem 01 Standard Accountmg Pracuc 4 in ou opimon the finanCIal tatements on pages 1 [(1 30 a true 3nd fair viev 0 the stale of Gflai-s of the UIllverSl and the Umversny Group at 3(l Septemher 2(l(i4 and of the deficit of the UmverSl Group for the year then euded and han heen prepGred lJ1 accordance WIth generally accepted accountmg

Dnnclples

- have obtamed all the mforrnanon and explanatIOns Wt consider necessary for the purposes of our audlL

III our opInIOn proper book of account hae been kept by the Ul1vcrsll The halance sheCI of the tll ersit 1 111 dffcemCll WIth the hook~ of account

Deloitte amp Touche l Lapp (lUi1V

Cork

Dare

Lninrsit~ College Cork ational Llliversity oflrcIand Cork

STA TElET OF ACCO(TIG POLICIES

The ~l=niflca1l accounting poiJies adopted b~ the UI1lVerSI are as f(lbws

Basi~ of preparation The fil1Jncwi statements have been prepared in accordance Wilh accounting standards generally accepted in Ireland md the SWltmenl of Recommended Praclice-Accountmg for Further and Highcr Education lnstltUlions ccountmg swnci1rds generally accepted in lreland in preparing financ131 statements a true and fair vie (Ire thOse publihed h the lnSmlc of Chartered ccoumants in Ireland and Issued hy the Ac~counl1ng Standards Board

ccounting convention The aCoullts hlve been preplred under the hIstorical cost C(11vcntwn modIfied h the reyalu1tion of certam land and hUlldmgs

Basis of consolidation The consolidated financial statements l11clude the li111verSl and llS suhsldlary undertakings and other undertakings 1ll

hi11 the Umverslt has a financial InteresL as indICated III nOll 11 The results of subsidianes acquired or dIsposed of dunng the penod are included in the consolidated Income and expendllure account from the date of acquisition (lr up te th~ dale of dIsposaL lntra-group sales and profits are climinatltd fully on consolidatlon

in accordance with FRS2 the actiities of the Students Umons have not heen consolJdated because the University docs not control those aCllvIlle The financial statements of Cork l111ersiry Foundatlon Limited Unicrsity Cork Ptnsion Fund and Trust Fund arc also excluded as they are not controlled by the Ljmcrsl

Rccognition of income Rc~urrent grants trom the Fhgher Education Authority an recognised 111 the period in which they are receivable

NL)n-rCcurrent grants from the Higher Educallon iuthority or other bodies receied in respect of the acqmsllion or -l]1struellon or fixed assets are treated a deferred capital grants and amonJsed III lllle with depreciation oer the life of thtmiddot asets

Income from research grants contracts and other se1ices rendered is Illcluded to the extent of the completion of the contract llr S(1ICe conecmed TillS is generally equivalent to the sum of the relevant expcndlture incurred during the year and any related contrihutions towards ocrheld costs Allmcome from sllOrt-tcrm deposas IS crcdlted to the income ll1J expendnurc account 111 the penod m wlllch 1l 1 eamed

ln~omc from endowments and donations IS l11cJuded to the extent of the relevant expendIture incurred dunng the yeaL together wah any related cnntributions toward overhead costs

Foreign currency translation TransactIOns denominated m foreIgn currencies are recorded at the rate of exchange ruling at the dates of the transaction Monetary assets and ilabilities denominated III foreIgn currencies arc transl3ted mtll euro eJlher at vear end rltes OL where there are related forward exchange contracts at contract rates The resultmg difference Ire dealt WIth in the determmalOIl of income and expenditure for the financial year

Tangible fixed assets

(a) Land and buildings The l)niverslty buildmgs arc valued at deprecIated replacement cost Land and buildl1g~ arc stated III the balall~c Sh-Cl at aluallon 011 the basis of depreciated replacement cost as they are specialised buildings and therefore it I~ not appropnate to value them 01 the basis of open market value The last aluarioll was carrid out on 3(1 September 1OQ-l The tniverlty has fixed the value of the Ind and huildlf]g~ a at 3( September 1994 as tIllS was the first veal of the implementatloll of generally lccepted accountng pnnciples in resped of Fixed ssets m presenting the fmanelal srawmcJ1Is of the lJi11versl1y Land and buildings acqulled SHlCC the vaiuation an included in the balance sheet at c(s Freehold land IS not depreciated FreelKtld huddings are deprecIated oel their expc~ted useful cconomlC hit Il the University of (1 ycars

llliersjt~ Colle Cork ationaI CniYersity of ireland Cork

STATEIE1 OF ACCOCTING POLICIES - coutinued

Tangihle fixed assets continued

(a I Land aud buildings - continued

here land and buildmgs are lcquired lth the ud of specIfic grants they are capItalIsed and deprecIated a aboe

The related grams are credIted Q a deferred capltai grant account and are released ((1 the IIlcomc and expenditure

account over the expected useful eCDnomlC llfc of the related asset on a basis consIstent with the depreciation POlICY

Fmancc costs hKh are directly attributable w the COl1structlOn of land and buildings are not capitalised as part of th cost ([ those Jssets

nlew for impJirment of a fixed asset is carned out If ecnts or changs in clrcumstanccs indIcate that the amount of the fixed asset may l1l)t be recocrable

Buildmgs under construction are accounted for at cost bascd on the Yllue of architect~ certificates and other direct ClqS mcurred to the financill velr end They are not dcpreewed until th(~ arc brought mto use

(ill Equipment 111 eqUlpment IS apnalised at cost Clpllaiised equIpment i depreCIated over Its useful economIc iife as fllows

Computer equipment 3 year~

Equipment 5 ye-ars

Where equipment is acquired with the aid of specific grams it is capitalised and depreCIated m accordance Ith the abo( policy with the related grant being credited to a defened capnal grant account and released to income and expendlfurc account over the expected useful economic life of the related equipment

Financial assets hxed asset Illvestments that arc listed on a reeogJ1lsed stock exchange are canied at market value The II1vestment 11 the

L lllverslfY T echnok)gv Centre PartnershIp has been revalued dunng the year to thc value u[ the tJniversl s share In the

plftnershlp Those that are not listed are canied at hIstorical cost less any proVIsion for impainnent in theIr value

Current a~sel in(~st1lents are included in the baiance sheet at the lower of their original cost and net reahsable value

Stocks Sto-b are Slated at the lower of their cost and net realisable alue -here necessary proVIsion is made for obsolete

skw mOing and defective Stock Expenditure incurred by tbe University on booki and consumable stocks finaned

(rc1m recunent grams are charged to the Income and Expenditure JccounL

Taxlltion -S an exempt charity thc University is not lIable for Corporation Tax or Income Tax on an ofns chantable actIVItIeS It b regIstered [or -alue Added Tax but smce the supply of edu~atlOn is an exempt acmity on whIch no output tax IS -harged Il IS unable to recover input tax on the maJonty of its purchases

Tradmg JclJvllles undertaken b the Cniversity an admllllstered through IlS subSIdiary compames whle11 as commerciai

(lrganisatlOns are hable to Corporation Tax

Liquid resources LIqUId reSlurcs include sums on short-term deposits with recugnlsed banks and buIlding societies and gocmmcm

SCUflllt=

Provisions ProvlslOns are recognised when the U1Ivcrslty has a present legal or eonslruclje oblIgatIOn as a result of a past event I 1 probable that j transfer cf economic benefit i11 be required to settic the oblIgation and il relIable CSlImate can be made

of the amount of the obligatIOn

tninrsity College Cork alional Cniersity of Ireland Cork

STATEIEiT OF ACCOl-TIiG POLICIES - continued

Pensiolls The CnlrsJ[ operates a diined benefit pensIon scheme Ililh assets held in a separately admll1islered fund The b~SIC rCl1rCmCDl pensions of Cniversit) staff are funded by comnbutiom 1(1 the ul1Iverst PensIOn Fund (the penion fund I

a a pre-determmed rate of penSIOnable pay Increases m baSIC retirement penSIOns hlch are pltlld through the pm101

fund arc repaid to the pensIOn fund by the umversity The penSlOl1 fund is valued acuarialh once III every three ears TiK las such alUatlOIl was carried OUI as at i October 2004

Pension benefits for ccnain other employees are met b pavlllems (1 a defined contribution pension scheme

CClllribullOns (ire charged to the income and expenditure account III the veal in willch th( fall duc

lllinrsity College Cork ational Cniversity of Ireland Cork

COSOLIDATED ICOME AD EXPEDlTCRE ACCOFT Year Ended 30 September 2004

1oles

Consolidattd 21104

pound000

Consolidated 2003

(OOll

Income

Srat rants

SlUJ~nl f~

Rs~arch grants and contract

AmortIsation of deferred capital grants

Olhr lpcrating income

Inters ll1ome

Ishy

4

~A~6

63-+4 4-01 II 1~Ibull ~ ___1

1831 7

7(0

~--3-q

11303

12AXO Q430

Total income 21 ~3(l~ IQ~ri~

Expenditure

Staff OSb

Olbr operallng expenses

DepreciatIon

Total expenditure

Deficit for the year after depreciatioll of assets before taxation

rJXJtion

Drfieit for the year after depreciation of assets and after taxation

Th~ d~jicit for the year aroe soleh from contInuing opcratiom

The fInancial ztatemems lln pages 8 w 3( were approvd the- G(YCn1111g Body on 1(l October 2006 and wer SIgned (l1

Its hehalf by

Signcd Professor Wrixon Dermot OMahoney Prcsldent j-llt)norar Treasurer

1

lnhersity College Cork ational blhersity of Ireland Cork

COSOLIDATED BAlACE SHEET 30 September 2004

otes

Consolidated

2004 CO(lO

2003 COOO

lnilrsit~

20()4 COOO

2lHl3 coou

Fhed assets

1 anglh Ie asset

Flnanci3 LSScl~ 10

11

Current assets

Swcks 12 314 351 291 3~)

Dchwr~ 1 L 32deg(11 1wCJRx 41206 J9~ J2

Ca~h al bank

3330- 5 ~37 41497 469]

Creditors AmOUlllS fallmg due wnhm nne

year (10UAX6) (76923)

et current liabilities

Total assets less current liabilities 301307 25C)6c)7 25756 114900

Creditors Amoums falling due after nne

vear l=

0 fC et assets 1(1)gt ll~flt 4 CHi4 A

123552Deferred capital grants

Represented by

Revenue rescrvcs C) 1l2396 (9750)

ReitJumion reserve If)

Total

The financwl mncmenb on pages ~ 10 3(1 were appr0cd bv the GOcming B0dv on ] () OCC1ber 20C6 and wcre OIl

I1s hehall

SIgned Professor Wrixon Dermot OMahoney Prcsidcnt Honorarv Treasurer

lninrsity College Cork ational lniycrsity of Ireland Cork

COSOLUHTED CASH FLOW STATEMENT OF HISTORIC COST SLRPLlSES AD DEFICITS Year Ended 30 September 004

h I~ 11) possihle to determine the difference hetween hlstoncal ost depreCHllion and the actual charge due w the facl thal

th 111ston~al cost infomlation IS not aailahl

STATDIET OF TOTAL RECOGISED GAIS AN)) LOSSES Year Ended 30 September ()()4

2004 fOOO

2003 fOOO

Defill all COlll1l1UIIlg operatIons after depre~lalon of assets at aluali(lfL

(t IsseIS and laX (2646)

Unrcdlsed surplus on revaluation of financial assets

Ttllal rcognised gail15 relatmg 10 the year

Reconciliation

126lCJO

gams (losses) for the year

Closmg resenes

lniHrsiry Colegt Cork alional Cniersity of I relund Cork

COSOLIDATED CASH FLOW STATE]lElT Year Ended 30 September 20(14

et cash outflow from operating activities

Returns on investments and seIleing of finance

expenditure and finanial mcstmem

e( cash outflow befon financing

Fmll1cmg

Decrease in cash in the period

Reconciliation of net cash flow to movement in net fundsdebt

Decrclse in cash m the period

Ctsh (luttlO from mcrease in debt and lease financmg

Change 111 nel debt resultlIlg from cashflows

on ash changes

(lemel1l 111 net debt in period

Cl debt at i October 2003

et ckbt CIt 30 September 2004

otes

24

21104 E()()O

(761)

( 18680

( 390U I

26

26

(341021

(0361)41---shy

lninrsity College Cork ational [niersit~ of Ireland Cork

ons TO THE ACCOCTS

Stale grants 20()4 2003 COOO COOO

)t1 grams allclcatcd for recurrent pllrrO~CS

Thc al-gt( gLlOt mome wa~ neclved from the Higher Educltlon Aulloril anc Ihe DcpanmeIH of J-kJllh amp Chldrell

2 Academic fees 200-1 2003 COOO CO()()

-cadcmic fee inccme

Total fces pale hy o[ on behalf of mdiyidual studems

- lOla ofC5073-lO 2003euro3084g(l23) lIlcluded in aCiJdemic icc income was pJld dIrectly by the lllgher Educalon uthorilY

Research grants and contracts

European Umon InduSlf

Other

-1 Other incollle

Other rental l11C(lme

Funded pClst lIlCOll1t

SlUdent rsidenccs 1OC0111C

Proflt on compulsory iJcqUlsition oj lands Profit on sale of lands Leisure facilitie InCOme

Demal IlOSPlliJl I1come

Other income

= Interest income

Inttres mcome

2()0-1 2U03 fOOO coon

3 i 078 023

3S33

2()0-1 2003 pound000 ClWO

19 ~()~ 3U5

391()

l(1Ci

(I(i

2213 X6(1

2305 2(

laquo242 UOCi

1 Sl i~

200~ 200J COOO COOU

6

tlliwrsi Colle[c Cork arional Lnhersity of Ireland Cork

OTES TO THE ACCOFTS - continued

Staff costs

rh~ 3Crage veekh number of perSClJ1S (mcludlllg senior jwsl-h(ldcrs) emploved by tht

cpresscd as full-urne equlalcm was

reahing and rsearch

TechmcJI

entral adnllnistraIon and serices

Other

Salaries and wages

Social welfare costs

Other pension costs

Other operating expenses

Consumables

BeaL light aler and power

Research consumables

R(palfS and general mailllcnallce

Audn and professional

Rent and rates

Other expenses

Other opcratmg expenses in~1 ude

Auditors remuneraIon

EXlcmal audit

Other seryices fro111 external audit

during the

UH4 umber

201)4

(000

119538

666

14LA7C)

2(1)4

(000

15A7 4 2603

1(L933 376

138 j

L531

2004 [000

cq

IF

2003 umber

1246

63

2003 fO()()

]05379

200] C(lIiO

2003 COOO

jll

1U-

14312

lnhersin Colle~( Cork arional lniversity of Ireland Cork

OTES TO THE ACCOtTS - continued

S Taxation

taXJllOll charge arises as the UlllvCrSll and il~ principal subndJar companies are exempt chantle and are not

hable for corporation tax or mcome tax on any of its charitabk actlvitles

I) Deficit on cOlltinuin~ operations for the year 20(14 2U(J3 [(IOU COOO

The deii-l on continuing operalJons for the vcar is made up a~ flllows

UniC~rslfS deficit for the vear

Surplus generated bv the subsidIary undenakmgs and transferred to the Univcrslt

Total

1

I uinlsity (olltj( (olk ~atiollall illi(rsil~ 01 Irdalltl Cork

NOI ES TO TilE A((OINTS

10 Tal~ihl( fix(d ass(ls

(( )NS()f J lgtAnl)

(0lt1 or valnation

At t ()cohcr200)

Additiotls

At

Is 311 21104

i)epncialioll

At 1 Oct(hcr 2(J03

(I Cd

tl) 2(11)1

Nrl hook aim

t I letobe WOJ

It Ill 211()4

fOlllillll((1

Land alld

hllildill~S

CHon

I 7ti6

57(iY

((l3)

379]

(() Ll

273I1U3

27350X

COIIIJlIII(middotr

(qlliplJI(lIt

(000

2(d~59

i23

1 JJ

2J 425

71 II

1434

4X39

EqllipllltlIl

COOO

iltU172 6+31

30514

9Y)()

20]X8

17331

Assets ill ((HI 1St or

COllstnldioll

ClUW

151)9

54512

109

Total

CIIOO

4IltX() 7Ui7

l) 1Yh2

IlI121

II

312(118

3(1)30

LamJ alld huiltiillll alld cquipnlCllt IIKludc assets valucd in Iljl)4 (In a dCpleCI1tet 1Cj111ccmcllt cosl hasis fL1 1lIOJ()) respectivelY land alld huildillils ami lssel in course (II cOllstructi(lil includes UX]X I IJ(IO

include C 51ltJ07()O() (lOll CJ1)I(lI()()()) in relatioll tn land and tile ACC(1l111tillg Standards Board Iliese land ami

ftilcsc buildillls IS that tlte

( ) nlccr oUTgt nUI(( I (~(() C127721J IO()) and CI 1 IlIeH 10 (2()(3

(11 Ii ecl(1ld Iaml willch is Iwl

The COlllllwlcial ellce of the trallsactiolls Slln

issued lire salv alld ulllllwtc

tll 1he lam] ami

~

--

- -

~

~

~

-

-=

shy

- = shy~

7

=-= -

Z

7 ~

~ - lt shy shy shy

shy

Z shy

Z

r X r

-

r

-= oJ c

= 0 ~

= -~-=

ti= ~

shy = =

~

~

t= Z

~

51

- Z ~ lt

0

r-~

(J n r--ltIoc r-

x

v ~ r l j r1 r- if

rr

T M rlt

r = j

= -j =

C

shy -

~ v ~ ~

shy shy

- - -

-0

lt - lt )

Z lt

1 0 x T x)C

F n ~

0middot1 r1~~

r -

r~

lt

0 lr ~ r1 n(1

l r~

ltj~

tniVCfsiry College Cork ttional Lniversiry of Ireland Cork

OTES TO THE ACC()l]TS - continued

11 Financial assets Consolid ated

2UO-l 2003 ((WO f(lOO

t nhersity 2004 2003

COOO COOO

InnSlInents at the veal end were held as follovs

( lthcr

3450

The investment in the Lmversllv Technology Centre Partnership ha~ been re31ued during the year tc the 3lue 0shythe Llmycrsny share inlhe partnership as at 31 December 2003

The tnhersity held an interest in the following subsidiary undertakings

Subsidhlry undertakings

Incorporated

Propem ianagement (LeC) Limited

Campm ccommOdali(111 C) Limned

Art Gallery (liCC) Limiled

Brcnard Limited

1ardykc LeIsure (U ce) Limited

At Ie Press Limited

(iivlC Holding~ Limlled

11 Stocks

Consumables

FIlllshed goods for resale

Prindplil activity

Property development

Accommodation rcntal

11 gallery

Leasing or lands

PublIshing

Dornnnt

Interest 0 0

J00

100

100

100

1(lOo

Consolidated

2004 2003 COOO (0110

65

Registered officeplace of business

City Chamhers 4

Cork

limversl1Y Cork Aestern Road Cork University Cork Vestern Road Cork University College Cork Western Road Cork liniversiry College Cork Western Road Cork Crawford Business Park Crosses Green Cork St Kildas Western Road Cork

Clliversity

O()4 2001 [(lOU COOO

36

fhere io no malcnal difference between the balance sheet amount of slOcks and Its replacement cost

13 Debtors

Trad- debtors

Res-arh grants and colllraCls receiabk

nwunts due from suhsldmrv undertakings

Slale gr~ml reciabk

(lther tJJtWIl and s(lcial Illsurancc

Other deotiJrs

C ollsolida ted Llliycrsif

2(104 2003 2004 200 [000 COOO COOO f(I00

S34 -Li06 67U

601 753 6015 j J0(

1~S26 766 12S~6

11 -- 3 f~ 51 t

lJ

~ q()l --l12(j( ~ ~

CnhlIsit~ College Cork ationallniersity of Ireland Cork

OTES TO THE CCOCTS - continued

1-1 Creditors Amounts fallillg due within Dill year Consolidated lnjyersit~

20114 2003 2004 2003 COOO COOO [000 C(lOU

Trad rcdjtor~ 7501 Cl295 (702

Research grants and contracts III advance I(i5 5 1150i 1U5~ -cademic fee~ receied in advance 11(1()4 QOM 110CJ4 ()01gt4

State grant receied m advance 118 I 1535 513~ Bank loans 8 overdrafts (note 16) 3O 39 416 1606 333~

Amounts owed to subsidiary undenakmgs -113 4SS~

Other taxatIOn and SOCIal security -+394 0 41 42()9 SAl (i

Deftrred incJll1e 19(3 9131

Other creditors 8 accruals lOOARA R9~~

15 Creditors Amounts falling due after one year Consolidated linivcrsi t)

200-1 2003 2004 20U3 ((lOO COOO (000 COOO

Bank loans (note 16) ~ 1 - -_-

16 Borrowings Consolidated University

2004 2003 2004 2003 (000 (000 fOOO (IOU

Bank loans and overdrafts

Bank loan and oerdrafts are repayable as follows

III one year or less 3073Q 41 6 8606 33~

O~(Between one and twe veal 221 1693 1ampshy

Between two ard 11 H years 872 (i 104 604Q 3+05

In fiC y~ar or more

TCHal 6360 1 3400( I ~~ ~

ature and Securiry of Borrowings stated tn Note 10 F1Xed Assets hae been accounted for in accordance with FRS 5 The ab[)vc liabilIl16 represent the uhimate lwbilitie to repurchase the assct~ concerned The borrowJI1gs arc secured bv title until the repurchae takes place

lniYlrsit Colleu ( Cork -ational lniversity of Ireland Cork

-OTES TO THE ACCOCTS - continued

1~ Deferred capital grants HEA

COOO

Other grants and

benefactors (000

Total

COOO

C olsolida ted

At 1 October 2003

BuJldmg~

EJuipment

Tota

414 45677 8-31

Cash received Buildmg

Equipment

Tolal

b53-l 153~5 -l U59

Released to income and expenditure

Buildmgs

Equipment

TClaj

1449 )

~

9~3

1-1 ---

) iii _) shy

1L~~~

At 3() Septemher 20()t

B u ild 1111

Equipmem

T pta I

66639

7(91

600 i 9

-09A

I 6-] ~

14UltC)

l ni(~rsit C olieo ( Cork arional Cnhersity of Ireland Cork

OTES TO THE ACCOl1TS - continued

1i Deferred capital grants continued HEA

(non

t niersity

At 1 October 21Hl3

B uil dlllb

Eqmpmem

Total

Cash received

Buddmggt EqUIpment

TOla

Released to income and expenditur( 1 1 7Buildmg )

Equipmcl1l

Total )S3

At 30 September 200

Buildll1g~ 61324

EqUlpmcm Tora (~=5

IS Revaluation reser( Consolidated

2004 2003 (lOO ((lOU

At 1 October as pcr nOle 10) 135940

Reuluatlons or inesrmerm in the penod InOle I 1

t W Serlember

Other gran IS Total and

henefactors (000 COOO

3515 -=37(J

81 2149

4465 7i ~

XXh(1

51627 112951

~65(1

6()

Lnjcrsity 200 20()3

f ono C 000

35040

lniYcrsiry Collegl Cork iarional Llliycrsit~ of Ireland Cork

iOTES TO THE ACCOl1TS - continued

1(J Reconciliation of movcment of reservcs Revenue Revaluation Total reserves reserves

COOO pound1000 ooo

Consolidattd

1 I October 211(0shy 6]90

D(bcll on comlllumg l)perations revaluation

I ( Septemher 20(14

middott I Octoher 2003 13940 126241

Deficll or eommumg operations revaluation

3( September 2004 1RR~]

W Contingencies

The U11lversil from tIme ll time is party to yariow legal proceedings The Offieers of the University havc been mlormed hy then legal advisors that it is not possibie at this time to make a rellable estimme of the finanCIal effects (if an~l of tiles cases

t 3( September 2004 a cO1ll1gent lIabIlity existed in respect of potential Value Added Tax in the amoum of C2 rmbon together with substantial potential imeresl and penalties This potentIa] habilItv was setllc~d in January 006 at a lesser amount and the effect on the Income and Expenditure -ecount is no material

21 Capital commitments Consolidatcd Univcrsity

2004 2003 2004 2003 (000 (000 COOO (000

Comracted for but nO promiddotided 69143

Authorised but not omracted out 18304 i 49]Q

tninrsity College Cork ationa lniversity of Ireland Cork

OTES TO THE AccorTS - (ontillucmiddotd

Reconciliation of consolidated operating deficit to net cash outflow from operating activities

Dilcit on conlJnuing operalJons afier depreciation of assets at valuatlOn Dcpr(clat10n D~fcfT(d apital grants released W income Proiit on dIsposal of tangible fixed as~ets D~rcase m stocks Increase m debtors

Drcflse m creditors

on cash changes lmerest receivable Imerest em Iiabiliy 10 Investors under FRS Increase m invcstment aluation

et cash outflow from opernt1l1g aClivilJes

23 Returns on inwstments and servicing of finance

Other lterest received Interes paid on habihty to investors under FRSS

ct cash inGow from returns on lllvestments and senlcing of finance

24 Capital expenditure and financial illYestment

iurh3se of tangible fixed assets Sak of tangible fixed assets (see note 10) Deferred capnal grants receIved

Net cash outflow from capital expendllure and finanClallllestmcm

2()l4

CIIOO

12(46) 1C) ~ 21

( 11253 ) (64 0 )

(]3006) f~(24)

15 (3011 11)62

11

( 14 361

2004 (000

301 ( 1(1621

7611

2004 C()(l()

S57 70(1

SC)4T

ISoRO

lniversit~ College Cork arional tniversity of Ireland Cork

OTES TO THE ACCOCTS - continued

15 Financing 200-1 (000

Dht due within ant year Drclse 111 shon term hononn~

Dent due lyand one year Increase in long tenl1 borw1I1g

1et -ash inflow frorr financing

26 nalsis of changes in net debt At CashOows Other At I October Non cash 30 September

2003 changes 2004 POOH (000 POOO COOO

C~sh 111 hand and at hank 5 3 9Z l)vcrdrafts

539( (21)5021

Deht due within I year (-US6) 1C)[9 (~37)

Debt due after J vear 62R) (19) (7241 Llabilll to invctors under FRS (125) (24231 i

125 163f()4iTCltal

27 Related parties

Transactions Jh suhsidlanes of the UlllversllY have been eillninated on consdidauon and 11(1 disclosure or these transactIOn has therefore been gIven The Lnlerslty had the following transactIOns with related panics on 1 DeCember 1995 Irish Universitl Student Trust entered into a twent five year lease or AnlS 113 Mac Lemn from Lmverslty College Cork at an annual rental dE44A4J pel annum The trustees oflnsh UnirSH Studem Trust are the PrerdenL Secreta and Bursar and Fllance Officer elf ljmvcrsll Cork

l ninrsit College Cork ationaJ lininrsit~ of Ireland Cork

OTES TO THE ACC01T5 - COli tinned

8 Pcnsions

3 ~ PenSIon for substantiaEy all employees are funded through a defined henefit pension schemelt

The lniwrsl oper3tes a defined henefit penSlOll scheme wllh assets held 111 a separately admmlstered fund The total pension cost w the UniversHy ltas f14J)-4 Q 4J (2003 f12(J]-~13L The Illost recen uctuanul

aluation as undenaken as at 1 Octoher 2004 hy consuting actuanes uS1l1g the attained age methodlt The

princIpal assumptIon used in the actuarial valuatlOn was that the long-term annual rale of return on 1I1vestment would exceedtbe mcrease 111 pensionable earnIngs by 2) The 1ens1On and Trust Funds are not included 1I1

the Balance Sheet hecause they arc funds w1111 a separate COHSlltu1l0n from the general assets and ltabilJtie~ of the t11lerSlllaquo

t the date of tbe last actuaria I valuation the market aluc of the scheme s assets was sufTiclCl1t to cover 9lt

of the accrued liabilitleslt based on currcnt eammgs and also allowlllg for expected future mcreascs m eammgslt

The ul1lversny also operates a defmed contributIon penslOn scheme that covers cenain empl(1yees of the

ul11ersirvlt The assets of the scheme are invested by independent trustees for the benefit of these emplovees

ContributIOns to tim pension scheme for the year amounted to C02(il15 (2003 fJ A4F788I

b Financial Reporting STandard 1- Retirement Bellefirs disclosures

The alual1on of the Superannuation Plan benefits for the purposes of FRS 10 disclosures was based on the

results of the actuanal valuation ~aITlcd out as at 0 1102004 suItably adjusted to ~Onr()m1 to the requirements

of FRS 1- The impact of the penSlOn obligations of benchmarkmg awards due but not vet paid has been

mcluded The financlal assumptions used w calulate the retIrement cbltgatJons under FRS I were as follows

2004 2003

Valuation method Projected Projected Luit Luit

Dicou11l rate ) JlOdeg) )lt50

In118tio11 rale 250deg(1 250middot

Satan 1I1lTeases LO 450deg()

PenSlOll Supplemel1latlon 350l~middott 350o (J

t nhersity Coll(ge Cork gtational Lniversity of Ireland Cork

gtOTpound5 TO THE ACCOlgtTS continued

b Financial ReporrillK Standard 1- Rctircmcnr Bcncfirs discloswc (coltinued)

Th market value of the assets 111 the penSIOn schenk the expected rates of return and the hllgallOns as at 300920(11 togethe WIth the pnor vear arc ShC11 belo

2004 2003 cooo coon

Equities ~ ~5deg iJ 11Q708 800 1~346

Bonds -f ~()(I( 22456 150[0 lfd29

PropertY 65degu ImiddotUP 00( 14330

)Clsh 21 O()~() 2]0

TOW market alue of assets 1GL933 166623

Actual Value of Labilny

PenSlun Deficll

Related deferred tax Iiabiit~

et PellSlOn Llabi hty

Analysis of the amount that would have heen charg(d HI operating profit under FRS 17 is as foil () s

2004 2003 COOO (000

Curren Selce Cost 1710 1

Past SeTyice Cost

Tow Operatmg Charge

Analysis of the amount that would lUlVe been credited to other finance income under FRS]7 is as

follows

2004 2003 (000 COOIl

retum 011 s-heme asct~ 1U104

lniHrsirv College Cork ational LniCrsit~- of ireland Cork

OTES TO THE ACCOLTS - continued

h j Financial Reporting Standard ]7 Retircme1ll BCl1cfits disclosure (colltinued)

Analysis of the amount that would have been recognised in statement of total recognised gains and losses under FRS17 is as follows

~tual less rerum on scheme assets

Expencnce gains and losses

Changes m assumptlons

Actuarial loss recogmsed 111 STRGL

Analysis of the moyement in deficit during the year is as follows

Defien at the begmning of the year

Current sen Ice cost

Contribul1ons

Past servICe costs

1ct J11terest cost

Actuanalloss

DeflCll at end of veal

2004 2003 (000 (OHO

7101 2305

20018

(24024)

2004 2003 COOO fOOO

(62592 ) (222563 )

(174C)1 ) (1 14)

14068 1C 188

Nil Jl

( 12149) (104 7 9)

(]08T)71

Anal~sis of the amount that would hlrve been recognised ill statement of recognised gains and losses is as follows

Expenence gams and losses for the year ended 30 September 004

Percentage of scheme ltlssets

Actual less expected return on scheme assets Percentage of scheme assets

Changes in assumptions Percentage of the presenl value of scheme liahlliues

Total in statement of Iota1rec()g1l~ed gams and losses Pereentage of the present value of scheme liabdiries

2004 2003 eOHI fOOO

20058 (2632lJl

105 ~ ~ 8deg (

-501 305 39Jn bull 10

11(

(5-222) 111

11A -il

(30163) i24024 I

6deg ( 56 i (1

l niHrsil College Cork ational lniversiry of Ireland Cork

ons TO THE ACCOUTS - continued

() Deferred Income 21104 2003 COOO CIIOO

State gram receled in respect of current vear 70J79 State grant dltcferredrecclahle from pnor accounting year 11295 StUC gnmt deferredrccelable to in suhsequent accounting vear U12iSi

State grant per financial stalements (Note I) 0 Q~---

State funding IS allocuted on a cilendar year hasls The univcrsit- financial year is hased on the academIc vear from OClClher to September In accordance wnh the U111erslTys accounting policies recurrent grams have heen recogmstd on an accruals basis In any accountmg year therefore an element of funding will be deferred to

subsequent accounting penods 111 order to match the fundmg to the related expenditure

30 Student Service Charge 2004 2(Hl3 fUOO (1100

Income from student servICe churge 6486 olQU

Less reduction in State grant 3921 372(1

ExpCl1diflirc

Student service eosts 4758 4249 Examination costs 1420 1315 Space costs associated with student faCIlities 923 R69 Costs relatmg t( regIstration fees admIssions and records lil2 Total expendIture 8717 b123

Shortfall 1479A) 14401

Income from the student service charge represent5 a contribution towards the cost of student servIces provided bv tht unierslty

31 Approval of financial statements

The fl11ancull statements were appwcd bv the GlVernmg Bodv on the 10 OClOher 2006

lniversity Coliee Cork ~ational tninrsity of Ireland Cork Financial Statements Year ended 30 September 2004

University College Cork ational UniversitJ of Ireland Cork

HEA funding statement and reconciJiation

Ycar ended 30 September 2004

Reconciliation with funding statement

COTEXTS

STUflvlET Of RJSPOJSIBILITIES

STATDIElT OF CCOUNTING POLICIES 5+ 36

I~COME amp EXPPltDlTURE ACCOUlT

B-LAlCE SHEET

CASH fLOW STATD1ElT

JOTES TO THE ACCOUlTS 40middot48

STTEIET OF RESPOSlBILITIES

rhe lI11crsny IS required to comph wnh the universities Act 1deg9 and w keep in such fonn as may be approved of

[1 n tLdmi~ urn Ard-Oldeachas all proper and usual accounts of n1Clney receIved and expended b it In prepar111t lh(~~ a~coums rhe t)niversHY IS required to

select suitable accounting p(hCleS and apply them (OnSiS1entj

make Judgements and cstlmates that arc reasonable and prudent

prepare the finanClaJ statements on the gomg concern basis

unless that basis I inappropnate

Th LI11erslt~ IS responsible for keepmg proper books of account which disclose with reJsonabJe accuracy at any

time the finanCIal position of the ul1versllY and vhlch enables it to ensure that its finanCIal statements comply 1111

the Ll1lversities Act 1997 The uDlverslly is also responsible for safeguarding all assets under its operallonal contra and hence for taking reasomhle steps for the prevention and detectIOn of fraud and other irreguianties

On behalf of the LjniverSJly

Professor Vrixon

President

STTEMET OF ACCOCTING POLICIES

1 Financial Statements The financlal statements reflect the teaching research and related serVlce activities of the Lnhersil and liS

mam suhsldiaries The financJal statements of the Lniversm Penston fund Trust funG and of financlJIly I11dependent ancillary aClities are presented separately

Accounting Convention The financial statements are prepared under the histoneal cost conventlOn j ney are presell1ed m accordance 11h the eXIstmg Harmonisation Financial SW(I17CnIS agreemelJt as adopted for ail Irish lniversllles Ith the exception of flxed Assets and DepreCIation whereby Lllivcrsny College Cork has adopted the translllOnal pwnSlO1l5 of FRS 1S and Jccordmgl the valuations from 30 th Septemher 994 are not helllg updated - revIew of the Harmonisation agreement by the universnies in consultation with the Higher Educallon Authority and the Comptroller and AudItor GeneraL i~ nearing completion and will result m a ne agreed harmonised formal From 003 onard the fmancial statements arc also prepared m the new format on a conol1dated basls and in accordance with generalk accepted accouming pnnciples in Irdand and the lK

3 State Grants for Recurrent Expenditure Recurrent grants have been recognised on an accrual baSIS Recurrent gram which has been used for the purhase of fixed assets and for the financ1l1g of the capllal portIon of lease charges IS transferred tc Fixed Assets and General Reserve

t State Grants for Capital Expenditure State grams appf(ved by the HEA for capItal expenditure are included in the financial statements of the period [[1 the extent of cash receimiddoted

Fee Imome Fee income is accounted for on an accruals basis and reponed at EL fee ievels ~on El ree income IS included up ( the EL level with any excess (up to the most recent related lJnll CasU being reported under Other Income Any further excess ovcr the most recent related UnJ1 Cost is included m AJ1cIllaf Acmilies Reserves (MedicalDental and Other FacilIties Development Account)

6 Approved AJlocations The lIlcome and expenditure account IS prepared on all accruals basis with the followillg excepllons (i) non-pay expenditure of academlC depanment~ and certain service departments ii) depanmental equipment and minor works In these cases lllternal balances arc carried forward III the Balance Sheet under Current Assets or LiabilIties as appropriate

STATEME1T OF ACCOl1TI1G IOLICIES (ConL)

Fixed Assets and Depreciation Land and Buildmg~ are nJiued based on a comprehense aluation carried out on the September I ()o~

This YaiualJon I based on the replacement cost of buildmgs and the market yalue 0 the eXlstmg use of land TheC assets and all subsequent addItIOns are deprecIated as noted below

All fixed aset JddlllOl1S smce 1st October I (lO are S13tCd at cost

Equipment Fixtures and Fillings are valued at their deprecIated cost as at the 30th September 199middot1 These assets and all subsequent additions are deprecHlled JS noted below

The eSllmated useful JiyCS of fixed assets b reference to whic h depreciJtion ha been calcull1ed on a gtt[Jight-lme basis is as followsshy

Buildings 50 years Equipment and Fumiture 5 ears Computer and related Eyuipment years

DepreclatJon is not pnwided on land The transltiona provisions of FRS 15 are being followed and accordmgly the valuations from 30th September 10 0+ are not being updated

8 Stocks The stocks held m tcaching and service departments with the exception of equipment furniture and [1tl1l1is

statlone[ stocks and stocks of buildmg materials are not included in the Balance Sheet The items nOl

included are expensed and not capItalised The stocks whIch are included in the Balance Sheet are stated at the lower of cost and net realisable value

9 General Reserve The General Reserve represents the alue of fundmg after amortisation applied for capital purposes together with the balance on ancillary senice a~tiities

10 Research Grants and Projects Contract research expenditure is ShOI11 net of contributIon to ll1dinct costs Income from COlllrae research grants IS included in the Income and ExpendIture Account 10 the extent that the related expendnure has been IIlcLlrred Contract research contributIOn to the uniersitv s indirect costs is mcluded 111 Other Income FIXed Assets financed from contract research grants arc capitalised in the Balancc Sheet

STATDIET OF ACCOl~TlNG POLICIES (ConL)

11 Foreign Currency COSlS denommJted in foreign currencies are translated at tile rates ruling at the dates of the transactions A~sets and liabJlitIe denominated in foreIgn currenCles arC translated mto Eure at the rate of echange ruhng at the Balance Sheet date The resultIng profits or losses are deal wIth 111 the Income and Expeaditure ccount

1 Leasing Operatmg lease cots arc charged to the Income and Expenditure iccoum s incurred

B Pension Provisions All pay expenditure includes a superannuation allocatIon arying from 10 to 15middot of salaries and wage~ for ebgibJe staff which is paid into the UniversJly College Cork Pension Fund (a defined benefit scheme)

Pension supplementation relates to the cost of pension ll1creaes granted chargeable against the Income md Expendllure Account

after retlrcmenldcath and IS

lmiddott Taxation 10 prOV1SlOn has been made for taxation as the UniverHv holds tax exempt statm

15 Ancillary Services Ancillary Services arc services prOVIded on campus on 11 cost recover basis and are pJmmed to breakeven III the medium tenn The net outtum on suel actjviues (cxcludll1g student residences) is transferred 1(1 the General Reserve Account

1(t Restricted Reserves Restncted reserve comprise the unused portion of funds made available purposes

to the University for speClfied

1- Financing Arrangements Asets held under financll1g arrangements whIch transfer substantially all of the flsks and rewards of ownership to the University are treated as if they had been purchased outright and are included in the balance sheet as tangible assets at cost The corresponding commllments are shown as habilitie Payments tn respect of these obligations are treated as consisting of capital and interest elements Jth interest to the related Restncted Reserve

ICOIE AND EXPENnITlRE ACCOtSI

Year to 30th September 2004

~otes 20032004 20022013

Inc()me euroOOO fOOO

StJte Grants

S lUdent Fees

Othcr income j

~~320

54205 II ql

~L216

50Jgl

USA 16 12QIO~

1(Cl11

Expenditure

Academl Faculties and Departments 82742 ~337Q

Academic and Other Sernces (1 1407 4 13176

Prell11SeS 164111gt i51 C ilAmount middotlocated for CapItal Purpose 8 491

CcntrltJI Administration and Senices 9 ll6 7 9 10IOC)

General Educational Expenditure 10 5358 5031

Student Senlce 11 4758

--1icdlaneous Expenditure 12

141481gt

Re~carh Grants and Prolects

j 7 0fnuTLtal 13

Deficit on activities before Amortisatioll of Capital Reserves and Grants Ancillary Services and Depreciatioll of Fixed Asset

Surplus on ncillary Senlces Ci61 fl)~

Deprecl3110n of Fixed Assets

-(I~UnOI (21963

General and Restricted Reserve Movement 16

Deficit fur Year

Rcvenue Resencs at Stan of Year

Revenue Reserves at End of Year

TJI( Sl(lIemen ACCOUl1l1l1g PoliCies Cash Flol SlacmC1l ([ld nOlIS rom pages 4(1 fO pan ~ (coun

Sitnd Professor W rixon Dermot OMahoney Presldent Honorary Treasurer

BALAiCESHEET

As at 30rl Septemher 2U04

otes

Fixed Assets 1shy

InHstmellts 1 S

Current Assets

Bank Balances and Cash

Ikbtofs and Prepayments 19

SWcb

Current Liahilitils

Bank Overdraft

Creditors and Accrued Expendnure 20

lt Currlnt Liabilities

Long T errn Loans 21

Rlpreslntld by

General Reserve

Restncted Reserve~

RCcnne Resere~ 24

The SralCmCI1i Of ACCOLIJllIl Poiicus Cash Flmr SWle1ll11l and

Professor Wrixon Dermot OMahoney Presidel1l Honorary 1rcasurcr

20032004 pound000

30JJ62

((15124 )

42342

par

20022003

EOOO

5203

191518 r620

1421

1(COWI1~

CASH FLOW STATEMET

Y car to 30h September 2004

oles 20032004

fOliO

et Cash (Outflow)llnflow from Operating Activities 111312)

Return 011 Investments and Servicing of Finance

lntcrest (Pilld) Received (1el)

Capital Expenditun

P1VTllcnl w AcqUIre langlbk Flxed Asset~

et Cash Outflow before Financing (84198)

Financing

HEA Caplta] Grants

on HEA Capital Grants

Increase 111 Long Tenn Loans

Prcceeds from the Sale of Tangihle Fixed Assets

10-S9

37008

202

Cash Inflow from Financing

et Cash (Outflow) Inflow after Financing

(Decrease) Increastmiddot in Cash

20022003

fOOO

304

(13323 )

1CJS24 12314

23 JJ6S

~OTES TO ACCOCTS


L State Grants

200312004 EIIHO

20022003 EHOU

RC2urrent Grant

iursmg Grant

Targeted fundmg for Speelalllli[iale~

~J inor VI orks

Porgraduatc Skill~ Programme

6 16 7 (

1-39

- (1f6

10

UI1 ]

Total

Student Fees

ACJdemlC

1lsccllancou5 Fec Income

54120

Total

3 Other Income

Interst(Pavablel Receivable Net)

Funded Posts amp DonatIOns

Rent ConcessIOns and OrilCr Charges

Research Grant and Projects Contributions

ion Ft Fees (Excess over Insh Fcc Equivalent)

M iscdlancoU Income

(49)

407 484

4532 2915

-+35 en 790

TOlal

4 Research Grants and Projects

Research Grants

Total

OTE5 TO ACCOliTS

Year to 30 th Septemoer 2004

5 Academic Faculties and Departments

AademlC

Tedmical

dmlmStratlve Support

Depanmental Grams

lbceEmeous Epenses

T(1lal

O Academic and Other Services

Library Costs

Computer Infonnation Technology

Language Centre

Cork univerSIty Pres5

ludl- Ylsual Centre

Electron Microscopy unit

Teachmg Dewlopment unit

SpokenOra Imh

BIOlogical ServicesiResources Unit

Research Support Industria Llalson

Total

- Premises

Premises Mainrenance

General Senices

vlmor 1orb Radiation Protection Office

Rent and Rates

Insurance

Costs

Total

S Allocated for Capital Purposes

Capital Projects

Equipment

Total

Staff Costs fOOO

54746

~S~3

-522

4040

298

1666

106

406

47

391

316

0049

3037

136

on Pay OHIO

12 no

2385 1560

(229

lOO 20

220 (67)

4125

3557 ln-

131 ]CJ

144

144h

201L4

]048

200312004 fOOO

54746

J(~3

522

1200

6425

4151- 1 lt-+-)

206

426

r 611

249

14074

6385 4814

131 15

l544 14t() -

1646

2002 2003

fOliO

49819 ()8(14

6(148

91 ((

55~6

3921

120 45shy

430

18

_ _i

_ shy

263

C

1]76

~036

4489

125

128

1120

----

01ES TO iCCOeirS

Year to 30 th September 2004

Staff Costs f(lOU

on Pay

pound000

200320(14

euroOOO 200220()3

pound000

9 Centrat Administration and Services

Admimstration

Expense~

Professional Chartes

Mi~cellaneous

S3119 i( j

l38(1

S369 833

1380

~l (jCi

cSO_ ~

040

T()tal S311() ~ )(1 ~ liJi22

1() General Educational Expenditure

Examination Expenses

Scholarshlps PnzesFellowshlps

NTL Capitation

iscellaneous Expenscs

1240 ISO

208 +74

138~

1420

2OiC

474

1315

1822 r

Total ] 240 411 S ~n31

11 Student Services

CapItauon and Other Grants

S lUdent SerTIces

Careers Office

Sports and RccrcaooI)

Health ane Counselling

170

515

471

811

366

76

134

lBf

811

M5

59]

fl05

764

600 530

61

Total 291 ] fl 458 middotL24G

12 Iiscellaneous Expenditure

PensIOns

tl1scellaneous Expenses

2C)34 o _ bull _-t 2nO

Totai ) q 1 - )- ~~

--- 16shy ~

13 Composition of Total Expenditun

AcademiC and Related SellCe

Researh Grants and PnJccts

]01 1-5 40 11

~144

141416 129135

Total ExpendHure ] (gt11 ~ 10 4)(gt(1

1OTES TO ACCOlSrS

Year to 30 th September 20n4

14 ncillary Servins - Summary

I nco Ill(

f(lOO Expenditure

euroO(lO

Surplus

2003i2004

fOOO

Surplus

20022003

(000

Student Residences

ledleal Dental and Other FacilIties

D~elopment Account

90 1

Surplu~ AneJllary Senices

15 Depreciation of Fixed Assets

~and and Buildmgs

EqUlpment 6048 )39

] 6 General and Restricted Reserves Movement

AmortlSiltion of Gen(ral Reserve in 1111( wttr DepreClatlOn

Amlnlsatl011 ofRestncted Reserve 111 11llC w1lh Deprecmlion

Surplus cf Ancillary Services from

Income and Expendlfure to General

Resene Account

9(1)

~OTES1UACCOC~1~

Year to 30th Septemher 201M

Land and

Buildings

pound000

F Fixed Assets

CostYaluatioll at lst Octoher

aluallcHi

Ce1st

Total

middotddnlC1ns at Cost 61341

Drsposals (63)

CostiYaluation at 30th September

aluallon ] 77] Cost

Tow]

Depreciation

At ] 5t Octoher 3S110 Lts Accumulated Depreciation on Disposals 13

Depreciation for Year

At 30th Septemher 4414

Ie book value at beginning of )car

et book value at end of year

Et]uipmellt fOOO

11+M

( 137)

819

3933 137

66618

~~ ))1 -p _-shy

Orn7

20032004

pound000

135940

476~Ol

9043

10

110763

~11651

3n5=3g

20022003

euro(HlO

13594C

MOO~

135940

3116 1

iii accordOllce HII FRS - fixed (ISSeIS olhel assls (1m rcmcd habilillCS are included 111 the UniwrsillS

baiaic1 sheer cn11 though liile 10 IheIT (IsseiS is iII Ihe name o(componies 1101 cOl1lwlied UCC The CC0l101111C hClldiis and risks ass(JcialCd Hilh thcse asl1lS reSI )I1I1i UCC and lIf1inulc li[e Ii

res IiIIi rCC

18 Investments

Openin~ balancc ~69

Revaluation Surplus 291 U

-ddHlons

The investment 111 the Umversil TeclU1olo~y Centre Partnership has been revalued durin~ the Car to the value of the tnJersirys share in the partnc7shlp as at] December OC3

92043

293

~OTES TO ACCOlliTS


1() Dehtors and Prepayments

Staff House Lmns

Imernal Balances

Other Debtors and Prepannems

20 Creditors and Accrued Expenditure

Comraet Research Grants and Projects uncxpcnded

State Grams [or Reeurrent Expenditure received in adancc

AcademIc Fees received in advance

Internal Balances

Other Creditors and Accruals

21 Long Term Luans

20032004 f()OO

4~52

12313 110Q4

6640

hl195]

20022003 EOOO

12~276

8528 9064

4302

f12777

These long ternl loans arise from the treatment of liabilities arising under FRS 5 See Note] -

General Reserve

Valuation - Fixed Asset~

VaJuallOJl Investments

State Capital Granb

Recurrent Funding Transfer

CapllaJ Donations

Other

Disposab

Amortisatioll

Amortisation at Stan of Year

Less Amortisation on Disposals

monisation to I 6 E Account for Year Transfer (from) to restricted reserve amomsation

middotmomsllon at End of Year

Opening Current Year Closing Prior Year B~llancc llovement Balance Movement

euro()()O euroOOO fOOO OHIO

135940 135940

2910 2910

53147 2(1401 7954 5962

3144 ~6S8 4644

31598 12K4 4-L42~ 459(1

54017 331693 1990Q

2(1S()

(15967) 1189 1

( 8) J8 CJ

iOTES TO ACCOFTS


13 Restricted Reserves

At begmning of year

-ddltions during the year

Transfer to General Reserve

At end of year

Amortisation

-t begmnmg of year

Transfer toifroml Genera Reserve

Amortisation to J amp E Account for year

Amortlsation at end of year

Net alue at 30 September

10031004 20011003 pound(HIO (000

5235Cl -tSA2shy O~126 -)-~

1 ~n ~

I-U30) 153)

282 (1 S9)

Restncted Reserves represent accumulated reserves sct aSIde for proJccts mCluding the BLmk of Ireland exclusivJlY fcc There IS a matching restflcted bank account WJlhin the bank overdrafi balance JIJ the balance sheet to match the Bank of Ireland exclusivity fee balance TI1e balance of the reserve relates to capItal prolects which are in IUm subject to separate financing arrangements

14 Rlvtnue Reserves

Opemng Balance

Deficit for the vear

Closmg Balance

Cashflnw

Reconciliatioll of Income and Expenditure

Account Deficit to Net Cash (Outflow) Inflow from Operating Activities

DefiCi[ for the Year

Intcrest PaId (Received) (Net)

DepreclalJon of Fixed Assets

AmortisatIon of General Reserycs

morJsation of Restricted Re~cres

(lncrease) Decrea~e in Investments

( Increase Decrease m Debtor~ and PrCpa111CI1lS

Decrc3se (Inerease) in Stocks

Increase in Creditors mG Accruab

ovcment 111 An II Ian SerVIces

Net Casil (Outflow) Inpound1o from Opcratll1~ ctinlies

(J4)

(20)

(28 )

15~43

IPno (15CJ(7)

129(J3)

(3

( I (5117 I

34

4174

~

-

4(141

963 118Q) )

(2Y8~ )

24

26~8

(]49

J(456

(J lW e(lC) ~

4(

-OTES TO ACCOUTS

Year to 30th Septlmber 2004

26 Analysis of Changl ill Cash and Cash Equiyalents

Balance at lgtt Otober

ct Cash (Outf1ow) lnilow

Balance a 30th September

Capital Commitmenrs

Commitments contracted at 30th September

luthorised but not contrated at 30th September

28 Commitment and Continglncy

The University from time to time IS party to variow legal proceedmgs heen informed hy their legal adviser that it is not possible at this time financial effects (if anyl of these cases

20032004 20022003

pound000 EOOO

5203

76259

1fC) 610

The Offier~ 01 the University have to make a reliable estimate of the

A contmgent hability eXists in respect of potential Value dded Tax in the amount of f22 miliion together with substantial potential mterest and penalties Revenue has issued an assessment which the University has appellect The University hus received profeSSIOnal adviee thal this appeal has rCltlsonable grounds of success

2() Financial Assets - Pension and Trust Funds

The Cniver~lt operate~ a defined benefit pension scheme for employees

The tola] pension cost to the University wa~ E1407middotpl+4

The l1KlSt recent actuarial aIUltlllOn WltlS undertaken as at Oetober 2001 hy consulting actuanes U5111g the ltlttamd age method The princlpal assumption used in the actuarial aiultltion was that the long ternl annual rate of return on il1estment would exceed the ll1crease in penslOnahle earnings by 2deg

The Pension and Trust Funds arc not induded in the Bltllance Sheet because they are funds with a separate constItution from the assets and liabililies of the University

OTES TO ACCOVlTS

Year to 30h September 2004

29 Financial Assets - Pension and Trust Junds (lontinued)

The dIsclosure requirement~ of accounting standard FRS J Retirement Benefits have nOI been adopted in these financwI statements vhich are presented in accordance with the Hmml1isatlOn of AcC()unts formal as adopted b all Irish Uniersitles FRS I has implications for the Public Sector generally which are currently bell1g consIdered The implIcation of FRS 1 ll1 reiallon to Irish Umversllies WI be addressed when the reiew of the Ham1onisation of Accounts format is finahsed

30 Related Party Transactions

On the 1 December 1995 Irish UniversllY Student Trust entered into ltI twenty five year lease of ras na Ivlac Lemn from Universltmiddot College Cork ilt iln annual rental of f44441 per ilnnum The trustees of Insh UilltTsity Student Trust ilre the President Secretary and Bursar and Finance Officer of the Umcrsit College Cork

The actlvllles of the following I OO(~ owned subSIdiaries have heen eonsohdated wllh the Ul1lversity Cork Income ilnd Expenditure Account and BaJance Sheet

Property l1anagement (UCC) Limned Campus Accomodanon (UCCI Limited Bemard Limlled GlylC Holdmgs Lllnited

1Vlardykc LeIsure I Llfntted IS J000 ovTIed hy UniversJly College Cork It was incorporated on 25 June 001 Its actlvllies have nDt been included for consolidatIOn purposes

ArtGallery (UCCI Limited is 1000 ()11ed hv Universit College Cork It was incorporated on 3(1 Ma 2002 Its actJVitles have not heen mcluded for consolidation purposes

-1 Approval of Financial Statements

The financial slalement~ were approved hy the Governing Bodv on 2 s June 2005

luiYlrsity College Cork atioJlal rJljersit~ of Ireland Cork Financial Statements Year ended 30 September 2004

RECONCILlATlO OF HEA FLDIlG STATEllENT WITH COSOLIDATED FINANCIAL STATEVlETS

YLR ENDED 30 SEPTEMBER 2004

INCO~lE Consolidated financial

statements fOOO

SlalC grants 74R6

Sludent ree 6344lt

Research grants and contracts 4501

Amomsatlon of deferred capital 1153 grll1b

Other operatmg income 183 ]7

Intgtfgt5t income

Totl incomc

Deficit for vear

Sllbsidiar~

companies

fOOO

2 (081

lJnincorporated ancillary actiyities

(flOO

C(76)

GAAP adj ustmen ts

HEA funding statement

((lOO (000

( 1(6)

(~9RR)

671

6]7

-2320 jO

C1 74 18870

3590 c118

ilZl

J(

lninrsity CoIlegt Cork CHllsolidated Financial Stattlllellts 21104 arional Cniversiry of Ireland Cork

COTETS

Page

HUORARY TREASURERS REPORT

ST- T[1[T OF GOVERNING BODYS RESPO~SIBILlTIES

IDEPE~DET AlDrrORS REPORT

STTEllElT OF ACCOLNTlNG POLICIES S 1

Cc)SOLIDATED I1COME AND EXPETDITURE ACCOUNT 11

COlSOLIDTED BALAJlCE SHEET

COSOLlDxrED STATEMENT OF HISTORIC COST SURPLUSES AND DEFICITS

5TTEMET OF TOTL RECOGNISED GAINS AND LOSSES 1 ~

CONSOLIDTED CSH FLo STATEMET 14

NOTES TO THE ACCOUNTS ] 30

HE Fl~DlNG STATElvlENT AND RECONCILIATION 31



Format of Accounts





Current Account




Capital Expenditure









Start Gnlllt



Fees PoJitY



Research income





)cnsiuns






The Future














Juh 2006























Deloitte




financIal Slnemenrs








Dnnclples




Cork

Dare




























Equipment 5 ye-ars













SCUflllt=












1oles

Consolidattd 21104

pound000

Consolidated 2003

(OOll

Income

Srat rants

SlUJ~nl f~




Inters ll1ome

Ishy

4

~A~6

63-+4 4-01 II 1~Ibull ~ ___1

1831 7

7(0

~--3-q

11303

12AXO Q430


Expenditure

Staff OSb


DepreciatIon

Total expenditure


rJXJtion




Its hehalf by


1



otes

Consolidated

2004 CO(lO

2003 COOO

lnilrsit~

20()4 COOO

2lHl3 coou

Fhed assets

1 anglh Ie asset

Flnanci3 LSScl~ 10

11

Current assets

Swcks 12 314 351 291 3~)


Ca~h al bank

3330- 5 ~37 41497 469]


year (10UAX6) (76923)




vear l=



Represented by



Total


I1s hehall







2004 fOOO

2003 fOOO





Reconciliation

126lCJO


Closmg resenes







Fmll1cmg






on ash changes




otes

24

21104 E()()O

(761)

( 18680

( 390U I

26

26

(341021

(0361)41---shy


ons TO THE ACCOCTS





-cadcmic fee inccme





Other

-1 Other incollle






Other income

= Interest income

Inttres mcome


3 i 078 023

3S33

2()0-1 2003 pound000 ClWO

19 ~()~ 3U5

391()

l(1Ci

(I(i

2213 X6(1

2305 2(

laquo242 UOCi

1 Sl i~

200~ 200J COOO COOU

6



Staff costs



reahing and rsearch

TechmcJI


Other

Salaries and wages


Other pension costs


Consumables





Rent and rates

Other expenses



EXlcmal audit


during the

UH4 umber

201)4

(000

119538

666

14LA7C)

2(1)4

(000

15A7 4 2603

1(L933 376

138 j

L531

2004 [000

cq

IF

2003 umber

1246

63

2003 fO()()

]05379

200] C(lIiO

2003 COOO

jll

1U-

14312



S Taxation







Total

1




(( )NS()f J lgtAnl)

(0lt1 or valnation

At t ()cohcr200)

Additiotls

At

Is 311 21104

i)epncialioll

At 1 Oct(hcr 2(J03

(I Cd

tl) 2(11)1

Nrl hook aim

t I letobe WOJ

It Ill 211()4

fOlllillll((1

Land alld

hllildill~S

CHon

I 7ti6

57(iY

((l3)

379]

(() Ll

273I1U3

27350X

COIIIJlIII(middotr

(qlliplJI(lIt

(000

2(d~59

i23

1 JJ

2J 425

71 II

1434

4X39

EqllipllltlIl

COOO

iltU172 6+31

30514

9Y)()

20]X8

17331


COllstnldioll

ClUW

151)9

54512

109

Total

CIIOO

4IltX() 7Ui7

l) 1Yh2

IlI121

II

312(118

3(1)30








tll 1he lam] ami

~

--

- -

~

~

~

-

-=

shy

- = shy~

7

=-= -

Z

7 ~

~ - lt shy shy shy

shy

Z shy

Z

r X r

-

r

-= oJ c

= 0 ~

= -~-=

ti= ~

shy = =

~

~

t= Z

~

51

- Z ~ lt

0

r-~

(J n r--ltIoc r-

x

v ~ r l j r1 r- if

rr

T M rlt

r = j

= -j =

C

shy -

~ v ~ ~

shy shy

- - -

-0

lt - lt )

Z lt

1 0 x T x)C

F n ~

0middot1 r1~~

r -

r~

lt

0 lr ~ r1 n(1

l r~

ltj~






COOO COOO


( lthcr

3450




Incorporated




Brcnard Limited


At Ie Press Limited


11 Stocks

Consumables


Prindplil activity



11 gallery

Leasing or lands

PublIshing

Dornnnt

Interest 0 0

J00

100

100

100

1(lOo

Consolidated

2004 2003 COOO (0110

65


City Chamhers 4

Cork


Clliversity


36


13 Debtors

Trad- debtors



Slale gr~ml reciabk


Other deotiJrs


2(104 2003 2004 200 [000 COOO COOO f(I00

S34 -Li06 67U

601 753 6015 j J0(

1~S26 766 12S~6

11 -- 3 f~ 51 t

lJ

~ q()l --l12(j( ~ ~




20114 2003 2004 2003 COOO COOO [000 C(lOU









200-1 2003 2004 20U3 ((lOO COOO (000 COOO



2004 2003 2004 2003 (000 (000 fOOO (IOU






In fiC y~ar or more

TCHal 6360 1 3400( I ~~ ~





COOO

Other grants and

benefactors (000

Total

COOO

C olsolida ted

At 1 October 2003

BuJldmg~

EJuipment

Tota

414 45677 8-31


Equipment

Tolal

b53-l 153~5 -l U59


Buildmgs

Equipment

TClaj

1449 )

~

9~3

1-1 ---

) iii _) shy

1L~~~


B u ild 1111

Equipmem

T pta I

66639

7(91

600 i 9

-09A

I 6-] ~

14UltC)




(non

t niersity

At 1 October 21Hl3

B uil dlllb

Eqmpmem

Total

Cash received

Buddmggt EqUIpment

TOla


Equipmcl1l

Total )S3

At 30 September 200

Buildll1g~ 61324

EqUlpmcm Tora (~=5


2004 2003 (lOO ((lOU



t W Serlember



3515 -=37(J

81 2149

4465 7i ~

XXh(1

51627 112951

~65(1

6()

Lnjcrsity 200 20()3

f ono C 000

35040




COOO pound1000 ooo

Consolidattd



I ( Septemher 20(14




W Contingencies




2004 2003 2004 2003 (000 (000 COOO (000







Drcflse m creditors









2()l4

CIIOO

12(46) 1C) ~ 21

( 11253 ) (64 0 )

(]3006) f~(24)

15 (3011 11)62

11

( 14 361

2004 (000

301 ( 1(1621

7611

2004 C()(l()

S57 70(1

SC)4T

ISoRO



15 Financing 200-1 (000







539( (21)5021



125 163f()4iTCltal

27 Related parties




8 Pcnsions
















2004 2003










2004 2003 cooo coon

Equities ~ ~5deg iJ 11Q708 800 1~346

Bonds -f ~()(I( 22456 150[0 lfd29


)Clsh 21 O()~() 2]0



PenSlun Deficll




2004 2003 COOO (000


Past SeTyice Cost

Tow Operatmg Charge


follows

2004 2003 (000 COOIl













Contribul1ons

Past servICe costs

1ct J11terest cost

Actuanalloss


2004 2003 (000 (OHO

7101 2305

20018

(24024)

2004 2003 COOO fOOO

(62592 ) (222563 )

(174C)1 ) (1 14)

14068 1C 188

Nil Jl

( 12149) (104 7 9)

(]08T)71







2004 2003 eOHI fOOO

20058 (2632lJl

105 ~ ~ 8deg (

-501 305 39Jn bull 10

11(

(5-222) 111

11A -il

(30163) i24024 I

6deg ( 56 i (1











ExpCl1diflirc











COTEXTS




B-LAlCE SHEET

CASH fLOW STATD1ElT













Professor Vrixon

President



































~otes 20032004 20022013


StJte Grants

S lUdent Fees

Othcr income j

~~320

54205 II ql

~L216

50Jgl

USA 16 12QIO~

1(Cl11

Expenditure








141481gt


j 7 0fnuTLtal 13




-(I~UnOI (21963


Deficit fur Year





BALAiCESHEET


otes

Fixed Assets 1shy

InHstmellts 1 S

Current Assets



SWcb

Current Liahilitils

Bank Overdraft




Rlpreslntld by

General Reserve

Restncted Reserve~

RCcnne Resere~ 24



20032004 pound000

30JJ62

((15124 )

42342

par

20022003

EOOO

5203

191518 r620

1421

1(COWI1~

CASH FLOW STATEMET


oles 20032004

fOliO




Capital Expenditun



Financing

HEA Caplta] Grants




10-S9

37008

202




20022003

fOOO

304

(13323 )

1CJS24 12314

23 JJ6S

~OTES TO ACCOCTS


L State Grants

200312004 EIIHO

20022003 EHOU

RC2urrent Grant

iursmg Grant


~J inor VI orks


6 16 7 (

1-39

- (1f6

10

UI1 ]

Total

Student Fees

ACJdemlC


54120

Total

3 Other Income






M iscdlancoU Income

(49)

407 484

4532 2915

-+35 en 790

TOlal


Research Grants

Total

OTE5 TO ACCOliTS



AademlC

Tedmical


Depanmental Grams

lbceEmeous Epenses

T(1lal


Library Costs


Language Centre


ludl- Ylsual Centre



SpokenOra Imh



Total

- Premises


General Senices


Rent and Rates

Insurance

Costs

Total


Capital Projects

Equipment

Total

Staff Costs fOOO

54746

~S~3

-522

4040

298

1666

106

406

47

391

316

0049

3037

136

on Pay OHIO

12 no

2385 1560

(229

lOO 20

220 (67)

4125

3557 ln-

131 ]CJ

144

144h

201L4

]048

200312004 fOOO

54746

J(~3

522

1200

6425

4151- 1 lt-+-)

206

426

r 611

249

14074

6385 4814

131 15

l544 14t() -

1646

2002 2003

fOliO

49819 ()8(14

6(148

91 ((

55~6

3921

120 45shy

430

18

_ _i

_ shy

263

C

1]76

~036

4489

125

128

1120

----

01ES TO iCCOeirS


Staff Costs f(lOU

on Pay

pound000

200320(14

euroOOO 200220()3

pound000


Admimstration

Expense~


Mi~cellaneous

S3119 i( j

l38(1

S369 833

1380

~l (jCi

cSO_ ~

040

T()tal S311() ~ )(1 ~ liJi22




NTL Capitation


1240 ISO

208 +74

138~

1420

2OiC

474

1315

1822 r

Total ] 240 411 S ~n31

11 Student Services


S lUdent SerTIces

Careers Office



170

515

471

811

366

76

134

lBf

811

M5

59]

fl05

764

600 530

61



PensIOns



Totai ) q 1 - )- ~~

--- 16shy ~




]01 1-5 40 11

~144

141416 129135


1OTES TO ACCOlSrS



I nco Ill(

f(lOO Expenditure

euroO(lO

Surplus

2003i2004

fOOO

Surplus

20022003

(000

Student Residences


D~elopment Account

90 1



~and and Buildmgs

EqUlpment 6048 )39






Resene Account

9(1)

~OTES1UACCOC~1~


Land and

Buildings

pound000

F Fixed Assets


aluallcHi

Ce1st

Total


Drsposals (63)


aluallon ] 77] Cost

Tow]

Depreciation






Et]uipmellt fOOO

11+M

( 137)

819

3933 137

66618

~~ ))1 -p _-shy

Orn7

20032004

pound000

135940

476~Ol

9043

10

110763

~11651

3n5=3g

20022003

euro(HlO

13594C

MOO~

135940

3116 1



res IiIIi rCC

18 Investments

Openin~ balancc ~69


-ddHlons


92043

293

~OTES TO ACCOlliTS



Staff House Lmns

Imernal Balances






Internal Balances


21 Long Term Luans

20032004 f()OO

4~52

12313 110Q4

6640

hl195]

20022003 EOOO

12~276

8528 9064

4302

f12777


General Reserve



State Capital Granb


CapllaJ Donations

Other

Disposab

Amortisatioll







135940 135940

2910 2910

53147 2(1401 7954 5962

3144 ~6S8 4644

31598 12K4 4-L42~ 459(1

54017 331693 1990Q

2(1S()

(15967) 1189 1

( 8) J8 CJ

iOTES TO ACCOFTS



At begmning of year



At end of year

Amortisation

-t begmnmg of year





10031004 20011003 pound(HIO (000

5235Cl -tSA2shy O~126 -)-~

1 ~n ~

I-U30) 153)

282 (1 S9)


14 Rlvtnue Reserves

Opemng Balance


Closmg Balance

Cashflnw














(J4)

(20)

(28 )

15~43

IPno (15CJ(7)

129(J3)

(3

( I (5117 I

34

4174

~

-

4(141

963 118Q) )

(2Y8~ )

24

26~8

(]49

J(456

(J lW e(lC) ~

4(

-OTES TO ACCOUTS






Capital Commitmenrs





20032004 20022003

pound000 EOOO

5203

76259

1fC) 610








OTES TO ACCOVlTS
















statements fOOO

SlalC grants 74R6

Sludent ree 6344lt




Intgtfgt5t income

Totl incomc

Deficit for vear

Sllbsidiar~

companies

fOOO

2 (081


(flOO

C(76)

GAAP adj ustmen ts


((lOO (000

( 1(6)

(~9RR)

671

6]7

-2320 jO

C1 74 18870

3590 c118

ilZl

J(



Format of Accounts





Current Account




Capital Expenditure









Start Gnlllt



Fees PoJitY



Research income





)cnsiuns






The Future














Juh 2006























Deloitte




financIal Slnemenrs








Dnnclples




Cork

Dare




























Equipment 5 ye-ars













SCUflllt=












1oles

Consolidattd 21104

pound000

Consolidated 2003

(OOll

Income

Srat rants

SlUJ~nl f~




Inters ll1ome

Ishy

4

~A~6

63-+4 4-01 II 1~Ibull ~ ___1

1831 7

7(0

~--3-q

11303

12AXO Q430


Expenditure

Staff OSb


DepreciatIon

Total expenditure


rJXJtion




Its hehalf by


1



otes

Consolidated

2004 CO(lO

2003 COOO

lnilrsit~

20()4 COOO

2lHl3 coou

Fhed assets

1 anglh Ie asset

Flnanci3 LSScl~ 10

11

Current assets

Swcks 12 314 351 291 3~)


Ca~h al bank

3330- 5 ~37 41497 469]


year (10UAX6) (76923)




vear l=



Represented by



Total


I1s hehall







2004 fOOO

2003 fOOO





Reconciliation

126lCJO


Closmg resenes







Fmll1cmg






on ash changes




otes

24

21104 E()()O

(761)

( 18680

( 390U I

26

26

(341021

(0361)41---shy


ons TO THE ACCOCTS





-cadcmic fee inccme





Other

-1 Other incollle






Other income

= Interest income

Inttres mcome


3 i 078 023

3S33

2()0-1 2003 pound000 ClWO

19 ~()~ 3U5

391()

l(1Ci

(I(i

2213 X6(1

2305 2(

laquo242 UOCi

1 Sl i~

200~ 200J COOO COOU

6



Staff costs



reahing and rsearch

TechmcJI


Other

Salaries and wages


Other pension costs


Consumables





Rent and rates

Other expenses



EXlcmal audit


during the

UH4 umber

201)4

(000

119538

666

14LA7C)

2(1)4

(000

15A7 4 2603

1(L933 376

138 j

L531

2004 [000

cq

IF

2003 umber

1246

63

2003 fO()()

]05379

200] C(lIiO

2003 COOO

jll

1U-

14312



S Taxation







Total

1




(( )NS()f J lgtAnl)

(0lt1 or valnation

At t ()cohcr200)

Additiotls

At

Is 311 21104

i)epncialioll

At 1 Oct(hcr 2(J03

(I Cd

tl) 2(11)1

Nrl hook aim

t I letobe WOJ

It Ill 211()4

fOlllillll((1

Land alld

hllildill~S

CHon

I 7ti6

57(iY

((l3)

379]

(() Ll

273I1U3

27350X

COIIIJlIII(middotr

(qlliplJI(lIt

(000

2(d~59

i23

1 JJ

2J 425

71 II

1434

4X39

EqllipllltlIl

COOO

iltU172 6+31

30514

9Y)()

20]X8

17331


COllstnldioll

ClUW

151)9

54512

109

Total

CIIOO

4IltX() 7Ui7

l) 1Yh2

IlI121

II

312(118

3(1)30








tll 1he lam] ami

~

--

- -

~

~

~

-

-=

shy

- = shy~

7

=-= -

Z

7 ~

~ - lt shy shy shy

shy

Z shy

Z

r X r

-

r

-= oJ c

= 0 ~

= -~-=

ti= ~

shy = =

~

~

t= Z

~

51

- Z ~ lt

0

r-~

(J n r--ltIoc r-

x

v ~ r l j r1 r- if

rr

T M rlt

r = j

= -j =

C

shy -

~ v ~ ~

shy shy

- - -

-0

lt - lt )

Z lt

1 0 x T x)C

F n ~

0middot1 r1~~

r -

r~

lt

0 lr ~ r1 n(1

l r~

ltj~






COOO COOO


( lthcr

3450




Incorporated




Brcnard Limited


At Ie Press Limited


11 Stocks

Consumables


Prindplil activity



11 gallery

Leasing or lands

PublIshing

Dornnnt

Interest 0 0

J00

100

100

100

1(lOo

Consolidated

2004 2003 COOO (0110

65


City Chamhers 4

Cork


Clliversity


36


13 Debtors

Trad- debtors



Slale gr~ml reciabk


Other deotiJrs


2(104 2003 2004 200 [000 COOO COOO f(I00

S34 -Li06 67U

601 753 6015 j J0(

1~S26 766 12S~6

11 -- 3 f~ 51 t

lJ

~ q()l --l12(j( ~ ~




20114 2003 2004 2003 COOO COOO [000 C(lOU









200-1 2003 2004 20U3 ((lOO COOO (000 COOO



2004 2003 2004 2003 (000 (000 fOOO (IOU






In fiC y~ar or more

TCHal 6360 1 3400( I ~~ ~





COOO

Other grants and

benefactors (000

Total

COOO

C olsolida ted

At 1 October 2003

BuJldmg~

EJuipment

Tota

414 45677 8-31


Equipment

Tolal

b53-l 153~5 -l U59


Buildmgs

Equipment

TClaj

1449 )

~

9~3

1-1 ---

) iii _) shy

1L~~~


B u ild 1111

Equipmem

T pta I

66639

7(91

600 i 9

-09A

I 6-] ~

14UltC)




(non

t niersity

At 1 October 21Hl3

B uil dlllb

Eqmpmem

Total

Cash received

Buddmggt EqUIpment

TOla


Equipmcl1l

Total )S3

At 30 September 200

Buildll1g~ 61324

EqUlpmcm Tora (~=5


2004 2003 (lOO ((lOU



t W Serlember



3515 -=37(J

81 2149

4465 7i ~

XXh(1

51627 112951

~65(1

6()

Lnjcrsity 200 20()3

f ono C 000

35040




COOO pound1000 ooo

Consolidattd



I ( Septemher 20(14




W Contingencies




2004 2003 2004 2003 (000 (000 COOO (000







Drcflse m creditors









2()l4

CIIOO

12(46) 1C) ~ 21

( 11253 ) (64 0 )

(]3006) f~(24)

15 (3011 11)62

11

( 14 361

2004 (000

301 ( 1(1621

7611

2004 C()(l()

S57 70(1

SC)4T

ISoRO



15 Financing 200-1 (000







539( (21)5021



125 163f()4iTCltal

27 Related parties




8 Pcnsions
















2004 2003










2004 2003 cooo coon

Equities ~ ~5deg iJ 11Q708 800 1~346

Bonds -f ~()(I( 22456 150[0 lfd29


)Clsh 21 O()~() 2]0



PenSlun Deficll




2004 2003 COOO (000


Past SeTyice Cost

Tow Operatmg Charge


follows

2004 2003 (000 COOIl













Contribul1ons

Past servICe costs

1ct J11terest cost

Actuanalloss


2004 2003 (000 (OHO

7101 2305

20018

(24024)

2004 2003 COOO fOOO

(62592 ) (222563 )

(174C)1 ) (1 14)

14068 1C 188

Nil Jl

( 12149) (104 7 9)

(]08T)71







2004 2003 eOHI fOOO

20058 (2632lJl

105 ~ ~ 8deg (

-501 305 39Jn bull 10

11(

(5-222) 111

11A -il

(30163) i24024 I

6deg ( 56 i (1











ExpCl1diflirc











COTEXTS




B-LAlCE SHEET

CASH fLOW STATD1ElT













Professor Vrixon

President



































~otes 20032004 20022013


StJte Grants

S lUdent Fees

Othcr income j

~~320

54205 II ql

~L216

50Jgl

USA 16 12QIO~

1(Cl11

Expenditure








141481gt


j 7 0fnuTLtal 13




-(I~UnOI (21963


Deficit fur Year





BALAiCESHEET


otes

Fixed Assets 1shy

InHstmellts 1 S

Current Assets



SWcb

Current Liahilitils

Bank Overdraft




Rlpreslntld by

General Reserve

Restncted Reserve~

RCcnne Resere~ 24



20032004 pound000

30JJ62

((15124 )

42342

par

20022003

EOOO

5203

191518 r620

1421

1(COWI1~

CASH FLOW STATEMET


oles 20032004

fOliO




Capital Expenditun



Financing

HEA Caplta] Grants




10-S9

37008

202




20022003

fOOO

304

(13323 )

1CJS24 12314

23 JJ6S

~OTES TO ACCOCTS


L State Grants

200312004 EIIHO

20022003 EHOU

RC2urrent Grant

iursmg Grant


~J inor VI orks


6 16 7 (

1-39

- (1f6

10

UI1 ]

Total

Student Fees

ACJdemlC


54120

Total

3 Other Income






M iscdlancoU Income

(49)

407 484

4532 2915

-+35 en 790

TOlal


Research Grants

Total

OTE5 TO ACCOliTS



AademlC

Tedmical


Depanmental Grams

lbceEmeous Epenses

T(1lal


Library Costs


Language Centre


ludl- Ylsual Centre



SpokenOra Imh



Total

- Premises


General Senices


Rent and Rates

Insurance

Costs

Total


Capital Projects

Equipment

Total

Staff Costs fOOO

54746

~S~3

-522

4040

298

1666

106

406

47

391

316

0049

3037

136

on Pay OHIO

12 no

2385 1560

(229

lOO 20

220 (67)

4125

3557 ln-

131 ]CJ

144

144h

201L4

]048

200312004 fOOO

54746

J(~3

522

1200

6425

4151- 1 lt-+-)

206

426

r 611

249

14074

6385 4814

131 15

l544 14t() -

1646

2002 2003

fOliO

49819 ()8(14

6(148

91 ((

55~6

3921

120 45shy

430

18

_ _i

_ shy

263

C

1]76

~036

4489

125

128

1120

----

01ES TO iCCOeirS


Staff Costs f(lOU

on Pay

pound000

200320(14

euroOOO 200220()3

pound000


Admimstration

Expense~


Mi~cellaneous

S3119 i( j

l38(1

S369 833

1380

~l (jCi

cSO_ ~

040

T()tal S311() ~ )(1 ~ liJi22




NTL Capitation


1240 ISO

208 +74

138~

1420

2OiC

474

1315

1822 r

Total ] 240 411 S ~n31

11 Student Services


S lUdent SerTIces

Careers Office



170

515

471

811

366

76

134

lBf

811

M5

59]

fl05

764

600 530

61



PensIOns



Totai ) q 1 - )- ~~

--- 16shy ~




]01 1-5 40 11

~144

141416 129135


1OTES TO ACCOlSrS



I nco Ill(

f(lOO Expenditure

euroO(lO

Surplus

2003i2004

fOOO

Surplus

20022003

(000

Student Residences


D~elopment Account

90 1



~and and Buildmgs

EqUlpment 6048 )39






Resene Account

9(1)

~OTES1UACCOC~1~


Land and

Buildings

pound000

F Fixed Assets


aluallcHi

Ce1st

Total


Drsposals (63)


aluallon ] 77] Cost

Tow]

Depreciation






Et]uipmellt fOOO

11+M

( 137)

819

3933 137

66618

~~ ))1 -p _-shy

Orn7

20032004

pound000

135940

476~Ol

9043

10

110763

~11651

3n5=3g

20022003

euro(HlO

13594C

MOO~

135940

3116 1



res IiIIi rCC

18 Investments

Openin~ balancc ~69


-ddHlons


92043

293

~OTES TO ACCOlliTS



Staff House Lmns

Imernal Balances






Internal Balances


21 Long Term Luans

20032004 f()OO

4~52

12313 110Q4

6640

hl195]

20022003 EOOO

12~276

8528 9064

4302

f12777


General Reserve



State Capital Granb


CapllaJ Donations

Other

Disposab

Amortisatioll







135940 135940

2910 2910

53147 2(1401 7954 5962

3144 ~6S8 4644

31598 12K4 4-L42~ 459(1

54017 331693 1990Q

2(1S()

(15967) 1189 1

( 8) J8 CJ

iOTES TO ACCOFTS



At begmning of year



At end of year

Amortisation

-t begmnmg of year





10031004 20011003 pound(HIO (000

5235Cl -tSA2shy O~126 -)-~

1 ~n ~

I-U30) 153)

282 (1 S9)


14 Rlvtnue Reserves

Opemng Balance


Closmg Balance

Cashflnw














(J4)

(20)

(28 )

15~43

IPno (15CJ(7)

129(J3)

(3

( I (5117 I

34

4174

~

-

4(141

963 118Q) )

(2Y8~ )

24

26~8

(]49

J(456

(J lW e(lC) ~

4(

-OTES TO ACCOUTS






Capital Commitmenrs





20032004 20022003

pound000 EOOO

5203

76259

1fC) 610








OTES TO ACCOVlTS
















statements fOOO

SlalC grants 74R6

Sludent ree 6344lt




Intgtfgt5t income

Totl incomc

Deficit for vear

Sllbsidiar~

companies

fOOO

2 (081


(flOO

C(76)

GAAP adj ustmen ts


((lOO (000

( 1(6)

(~9RR)

671

6]7

-2320 jO

C1 74 18870

3590 c118

ilZl

J(



Start Gnlllt



Fees PoJitY



Research income





)cnsiuns






The Future














Juh 2006























Deloitte




financIal Slnemenrs








Dnnclples




Cork

Dare




























Equipment 5 ye-ars













SCUflllt=












1oles

Consolidattd 21104

pound000

Consolidated 2003

(OOll

Income

Srat rants

SlUJ~nl f~




Inters ll1ome

Ishy

4

~A~6

63-+4 4-01 II 1~Ibull ~ ___1

1831 7

7(0

~--3-q

11303

12AXO Q430


Expenditure

Staff OSb


DepreciatIon

Total expenditure


rJXJtion




Its hehalf by


1



otes

Consolidated

2004 CO(lO

2003 COOO

lnilrsit~

20()4 COOO

2lHl3 coou

Fhed assets

1 anglh Ie asset

Flnanci3 LSScl~ 10

11

Current assets

Swcks 12 314 351 291 3~)


Ca~h al bank

3330- 5 ~37 41497 469]


year (10UAX6) (76923)




vear l=



Represented by



Total


I1s hehall







2004 fOOO

2003 fOOO





Reconciliation

126lCJO


Closmg resenes







Fmll1cmg






on ash changes




otes

24

21104 E()()O

(761)

( 18680

( 390U I

26

26

(341021

(0361)41---shy


ons TO THE ACCOCTS





-cadcmic fee inccme





Other

-1 Other incollle






Other income

= Interest income

Inttres mcome


3 i 078 023

3S33

2()0-1 2003 pound000 ClWO

19 ~()~ 3U5

391()

l(1Ci

(I(i

2213 X6(1

2305 2(

laquo242 UOCi

1 Sl i~

200~ 200J COOO COOU

6



Staff costs



reahing and rsearch

TechmcJI


Other

Salaries and wages


Other pension costs


Consumables





Rent and rates

Other expenses



EXlcmal audit


during the

UH4 umber

201)4

(000

119538

666

14LA7C)

2(1)4

(000

15A7 4 2603

1(L933 376

138 j

L531

2004 [000

cq

IF

2003 umber

1246

63

2003 fO()()

]05379

200] C(lIiO

2003 COOO

jll

1U-

14312



S Taxation







Total

1




(( )NS()f J lgtAnl)

(0lt1 or valnation

At t ()cohcr200)

Additiotls

At

Is 311 21104

i)epncialioll

At 1 Oct(hcr 2(J03

(I Cd

tl) 2(11)1

Nrl hook aim

t I letobe WOJ

It Ill 211()4

fOlllillll((1

Land alld

hllildill~S

CHon

I 7ti6

57(iY

((l3)

379]

(() Ll

273I1U3

27350X

COIIIJlIII(middotr

(qlliplJI(lIt

(000

2(d~59

i23

1 JJ

2J 425

71 II

1434

4X39

EqllipllltlIl

COOO

iltU172 6+31

30514

9Y)()

20]X8

17331


COllstnldioll

ClUW

151)9

54512

109

Total

CIIOO

4IltX() 7Ui7

l) 1Yh2

IlI121

II

312(118

3(1)30








tll 1he lam] ami

~

--

- -

~

~

~

-

-=

shy

- = shy~

7

=-= -

Z

7 ~

~ - lt shy shy shy

shy

Z shy

Z

r X r

-

r

-= oJ c

= 0 ~

= -~-=

ti= ~

shy = =

~

~

t= Z

~

51

- Z ~ lt

0

r-~

(J n r--ltIoc r-

x

v ~ r l j r1 r- if

rr

T M rlt

r = j

= -j =

C

shy -

~ v ~ ~

shy shy

- - -

-0

lt - lt )

Z lt

1 0 x T x)C

F n ~

0middot1 r1~~

r -

r~

lt

0 lr ~ r1 n(1

l r~

ltj~






COOO COOO


( lthcr

3450




Incorporated




Brcnard Limited


At Ie Press Limited


11 Stocks

Consumables


Prindplil activity



11 gallery

Leasing or lands

PublIshing

Dornnnt

Interest 0 0

J00

100

100

100

1(lOo

Consolidated

2004 2003 COOO (0110

65


City Chamhers 4

Cork


Clliversity


36


13 Debtors

Trad- debtors



Slale gr~ml reciabk


Other deotiJrs


2(104 2003 2004 200 [000 COOO COOO f(I00

S34 -Li06 67U

601 753 6015 j J0(

1~S26 766 12S~6

11 -- 3 f~ 51 t

lJ

~ q()l --l12(j( ~ ~




20114 2003 2004 2003 COOO COOO [000 C(lOU









200-1 2003 2004 20U3 ((lOO COOO (000 COOO



2004 2003 2004 2003 (000 (000 fOOO (IOU






In fiC y~ar or more

TCHal 6360 1 3400( I ~~ ~





COOO

Other grants and

benefactors (000

Total

COOO

C olsolida ted

At 1 October 2003

BuJldmg~

EJuipment

Tota

414 45677 8-31


Equipment

Tolal

b53-l 153~5 -l U59


Buildmgs

Equipment

TClaj

1449 )

~

9~3

1-1 ---

) iii _) shy

1L~~~


B u ild 1111

Equipmem

T pta I

66639

7(91

600 i 9

-09A

I 6-] ~

14UltC)




(non

t niersity

At 1 October 21Hl3

B uil dlllb

Eqmpmem

Total

Cash received

Buddmggt EqUIpment

TOla


Equipmcl1l

Total )S3

At 30 September 200

Buildll1g~ 61324

EqUlpmcm Tora (~=5


2004 2003 (lOO ((lOU



t W Serlember



3515 -=37(J

81 2149

4465 7i ~

XXh(1

51627 112951

~65(1

6()

Lnjcrsity 200 20()3

f ono C 000

35040




COOO pound1000 ooo

Consolidattd



I ( Septemher 20(14




W Contingencies




2004 2003 2004 2003 (000 (000 COOO (000







Drcflse m creditors









2()l4

CIIOO

12(46) 1C) ~ 21

( 11253 ) (64 0 )

(]3006) f~(24)

15 (3011 11)62

11

( 14 361

2004 (000

301 ( 1(1621

7611

2004 C()(l()

S57 70(1

SC)4T

ISoRO



15 Financing 200-1 (000







539( (21)5021



125 163f()4iTCltal

27 Related parties




8 Pcnsions
















2004 2003










2004 2003 cooo coon

Equities ~ ~5deg iJ 11Q708 800 1~346

Bonds -f ~()(I( 22456 150[0 lfd29


)Clsh 21 O()~() 2]0



PenSlun Deficll




2004 2003 COOO (000


Past SeTyice Cost

Tow Operatmg Charge


follows

2004 2003 (000 COOIl













Contribul1ons

Past servICe costs

1ct J11terest cost

Actuanalloss


2004 2003 (000 (OHO

7101 2305

20018

(24024)

2004 2003 COOO fOOO

(62592 ) (222563 )

(174C)1 ) (1 14)

14068 1C 188

Nil Jl

( 12149) (104 7 9)

(]08T)71







2004 2003 eOHI fOOO

20058 (2632lJl

105 ~ ~ 8deg (

-501 305 39Jn bull 10

11(

(5-222) 111

11A -il

(30163) i24024 I

6deg ( 56 i (1











ExpCl1diflirc











COTEXTS




B-LAlCE SHEET

CASH fLOW STATD1ElT













Professor Vrixon

President



































~otes 20032004 20022013


StJte Grants

S lUdent Fees

Othcr income j

~~320

54205 II ql

~L216

50Jgl

USA 16 12QIO~

1(Cl11

Expenditure








141481gt


j 7 0fnuTLtal 13




-(I~UnOI (21963


Deficit fur Year





BALAiCESHEET


otes

Fixed Assets 1shy

InHstmellts 1 S

Current Assets



SWcb

Current Liahilitils

Bank Overdraft




Rlpreslntld by

General Reserve

Restncted Reserve~

RCcnne Resere~ 24



20032004 pound000

30JJ62

((15124 )

42342

par

20022003

EOOO

5203

191518 r620

1421

1(COWI1~

CASH FLOW STATEMET


oles 20032004

fOliO




Capital Expenditun



Financing

HEA Caplta] Grants




10-S9

37008

202




20022003

fOOO

304

(13323 )

1CJS24 12314

23 JJ6S

~OTES TO ACCOCTS


L State Grants

200312004 EIIHO

20022003 EHOU

RC2urrent Grant

iursmg Grant


~J inor VI orks


6 16 7 (

1-39

- (1f6

10

UI1 ]

Total

Student Fees

ACJdemlC


54120

Total

3 Other Income






M iscdlancoU Income

(49)

407 484

4532 2915

-+35 en 790

TOlal


Research Grants

Total

OTE5 TO ACCOliTS



AademlC

Tedmical


Depanmental Grams

lbceEmeous Epenses

T(1lal


Library Costs


Language Centre


ludl- Ylsual Centre



SpokenOra Imh



Total

- Premises


General Senices


Rent and Rates

Insurance

Costs

Total


Capital Projects

Equipment

Total

Staff Costs fOOO

54746

~S~3

-522

4040

298

1666

106

406

47

391

316

0049

3037

136

on Pay OHIO

12 no

2385 1560

(229

lOO 20

220 (67)

4125

3557 ln-

131 ]CJ

144

144h

201L4

]048

200312004 fOOO

54746

J(~3

522

1200

6425

4151- 1 lt-+-)

206

426

r 611

249

14074

6385 4814

131 15

l544 14t() -

1646

2002 2003

fOliO

49819 ()8(14

6(148

91 ((

55~6

3921

120 45shy

430

18

_ _i

_ shy

263

C

1]76

~036

4489

125

128

1120

----

01ES TO iCCOeirS


Staff Costs f(lOU

on Pay

pound000

200320(14

euroOOO 200220()3

pound000


Admimstration

Expense~


Mi~cellaneous

S3119 i( j

l38(1

S369 833

1380

~l (jCi

cSO_ ~

040

T()tal S311() ~ )(1 ~ liJi22




NTL Capitation


1240 ISO

208 +74

138~

1420

2OiC

474

1315

1822 r

Total ] 240 411 S ~n31

11 Student Services


S lUdent SerTIces

Careers Office



170

515

471

811

366

76

134

lBf

811

M5

59]

fl05

764

600 530

61



PensIOns



Totai ) q 1 - )- ~~

--- 16shy ~




]01 1-5 40 11

~144

141416 129135


1OTES TO ACCOlSrS



I nco Ill(

f(lOO Expenditure

euroO(lO

Surplus

2003i2004

fOOO

Surplus

20022003

(000

Student Residences


D~elopment Account

90 1



~and and Buildmgs

EqUlpment 6048 )39






Resene Account

9(1)

~OTES1UACCOC~1~


Land and

Buildings

pound000

F Fixed Assets


aluallcHi

Ce1st

Total


Drsposals (63)


aluallon ] 77] Cost

Tow]

Depreciation






Et]uipmellt fOOO

11+M

( 137)

819

3933 137

66618

~~ ))1 -p _-shy

Orn7

20032004

pound000

135940

476~Ol

9043

10

110763

~11651

3n5=3g

20022003

euro(HlO

13594C

MOO~

135940

3116 1



res IiIIi rCC

18 Investments

Openin~ balancc ~69


-ddHlons


92043

293

~OTES TO ACCOlliTS



Staff House Lmns

Imernal Balances






Internal Balances


21 Long Term Luans

20032004 f()OO

4~52

12313 110Q4

6640

hl195]

20022003 EOOO

12~276

8528 9064

4302

f12777


General Reserve



State Capital Granb


CapllaJ Donations

Other

Disposab

Amortisatioll







135940 135940

2910 2910

53147 2(1401 7954 5962

3144 ~6S8 4644

31598 12K4 4-L42~ 459(1

54017 331693 1990Q

2(1S()

(15967) 1189 1

( 8) J8 CJ

iOTES TO ACCOFTS



At begmning of year



At end of year

Amortisation

-t begmnmg of year





10031004 20011003 pound(HIO (000

5235Cl -tSA2shy O~126 -)-~

1 ~n ~

I-U30) 153)

282 (1 S9)


14 Rlvtnue Reserves

Opemng Balance


Closmg Balance

Cashflnw














(J4)

(20)

(28 )

15~43

IPno (15CJ(7)

129(J3)

(3

( I (5117 I

34

4174

~

-

4(141

963 118Q) )

(2Y8~ )

24

26~8

(]49

J(456

(J lW e(lC) ~

4(

-OTES TO ACCOUTS






Capital Commitmenrs





20032004 20022003

pound000 EOOO

5203

76259

1fC) 610








OTES TO ACCOVlTS
















statements fOOO

SlalC grants 74R6

Sludent ree 6344lt




Intgtfgt5t income

Totl incomc

Deficit for vear

Sllbsidiar~

companies

fOOO

2 (081


(flOO

C(76)

GAAP adj ustmen ts


((lOO (000

( 1(6)

(~9RR)

671

6]7

-2320 jO

C1 74 18870

3590 c118

ilZl

J(












Juh 2006























Deloitte




financIal Slnemenrs








Dnnclples




Cork

Dare




























Equipment 5 ye-ars













SCUflllt=












1oles

Consolidattd 21104

pound000

Consolidated 2003

(OOll

Income

Srat rants

SlUJ~nl f~




Inters ll1ome

Ishy

4

~A~6

63-+4 4-01 II 1~Ibull ~ ___1

1831 7

7(0

~--3-q

11303

12AXO Q430


Expenditure

Staff OSb


DepreciatIon

Total expenditure


rJXJtion




Its hehalf by


1



otes

Consolidated

2004 CO(lO

2003 COOO

lnilrsit~

20()4 COOO

2lHl3 coou

Fhed assets

1 anglh Ie asset

Flnanci3 LSScl~ 10

11

Current assets

Swcks 12 314 351 291 3~)


Ca~h al bank

3330- 5 ~37 41497 469]


year (10UAX6) (76923)




vear l=



Represented by



Total


I1s hehall







2004 fOOO

2003 fOOO





Reconciliation

126lCJO


Closmg resenes







Fmll1cmg






on ash changes




otes

24

21104 E()()O

(761)

( 18680

( 390U I

26

26

(341021

(0361)41---shy


ons TO THE ACCOCTS





-cadcmic fee inccme





Other

-1 Other incollle






Other income

= Interest income

Inttres mcome


3 i 078 023

3S33

2()0-1 2003 pound000 ClWO

19 ~()~ 3U5

391()

l(1Ci

(I(i

2213 X6(1

2305 2(

laquo242 UOCi

1 Sl i~

200~ 200J COOO COOU

6



Staff costs



reahing and rsearch

TechmcJI


Other

Salaries and wages


Other pension costs


Consumables





Rent and rates

Other expenses



EXlcmal audit


during the

UH4 umber

201)4

(000

119538

666

14LA7C)

2(1)4

(000

15A7 4 2603

1(L933 376

138 j

L531

2004 [000

cq

IF

2003 umber

1246

63

2003 fO()()

]05379

200] C(lIiO

2003 COOO

jll

1U-

14312



S Taxation







Total

1




(( )NS()f J lgtAnl)

(0lt1 or valnation

At t ()cohcr200)

Additiotls

At

Is 311 21104

i)epncialioll

At 1 Oct(hcr 2(J03

(I Cd

tl) 2(11)1

Nrl hook aim

t I letobe WOJ

It Ill 211()4

fOlllillll((1

Land alld

hllildill~S

CHon

I 7ti6

57(iY

((l3)

379]

(() Ll

273I1U3

27350X

COIIIJlIII(middotr

(qlliplJI(lIt

(000

2(d~59

i23

1 JJ

2J 425

71 II

1434

4X39

EqllipllltlIl

COOO

iltU172 6+31

30514

9Y)()

20]X8

17331


COllstnldioll

ClUW

151)9

54512

109

Total

CIIOO

4IltX() 7Ui7

l) 1Yh2

IlI121

II

312(118

3(1)30








tll 1he lam] ami

~

--

- -

~

~

~

-

-=

shy

- = shy~

7

=-= -

Z

7 ~

~ - lt shy shy shy

shy

Z shy

Z

r X r

-

r

-= oJ c

= 0 ~

= -~-=

ti= ~

shy = =

~

~

t= Z

~

51

- Z ~ lt

0

r-~

(J n r--ltIoc r-

x

v ~ r l j r1 r- if

rr

T M rlt

r = j

= -j =

C

shy -

~ v ~ ~

shy shy

- - -

-0

lt - lt )

Z lt

1 0 x T x)C

F n ~

0middot1 r1~~

r -

r~

lt

0 lr ~ r1 n(1

l r~

ltj~






COOO COOO


( lthcr

3450




Incorporated




Brcnard Limited


At Ie Press Limited


11 Stocks

Consumables


Prindplil activity



11 gallery

Leasing or lands

PublIshing

Dornnnt

Interest 0 0

J00

100

100

100

1(lOo

Consolidated

2004 2003 COOO (0110

65


City Chamhers 4

Cork


Clliversity


36


13 Debtors

Trad- debtors



Slale gr~ml reciabk


Other deotiJrs


2(104 2003 2004 200 [000 COOO COOO f(I00

S34 -Li06 67U

601 753 6015 j J0(

1~S26 766 12S~6

11 -- 3 f~ 51 t

lJ

~ q()l --l12(j( ~ ~




20114 2003 2004 2003 COOO COOO [000 C(lOU









200-1 2003 2004 20U3 ((lOO COOO (000 COOO



2004 2003 2004 2003 (000 (000 fOOO (IOU






In fiC y~ar or more

TCHal 6360 1 3400( I ~~ ~





COOO

Other grants and

benefactors (000

Total

COOO

C olsolida ted

At 1 October 2003

BuJldmg~

EJuipment

Tota

414 45677 8-31


Equipment

Tolal

b53-l 153~5 -l U59


Buildmgs

Equipment

TClaj

1449 )

~

9~3

1-1 ---

) iii _) shy

1L~~~


B u ild 1111

Equipmem

T pta I

66639

7(91

600 i 9

-09A

I 6-] ~

14UltC)




(non

t niersity

At 1 October 21Hl3

B uil dlllb

Eqmpmem

Total

Cash received

Buddmggt EqUIpment

TOla


Equipmcl1l

Total )S3

At 30 September 200

Buildll1g~ 61324

EqUlpmcm Tora (~=5


2004 2003 (lOO ((lOU



t W Serlember



3515 -=37(J

81 2149

4465 7i ~

XXh(1

51627 112951

~65(1

6()

Lnjcrsity 200 20()3

f ono C 000

35040




COOO pound1000 ooo

Consolidattd



I ( Septemher 20(14




W Contingencies




2004 2003 2004 2003 (000 (000 COOO (000







Drcflse m creditors









2()l4

CIIOO

12(46) 1C) ~ 21

( 11253 ) (64 0 )

(]3006) f~(24)

15 (3011 11)62

11

( 14 361

2004 (000

301 ( 1(1621

7611

2004 C()(l()

S57 70(1

SC)4T

ISoRO



15 Financing 200-1 (000







539( (21)5021



125 163f()4iTCltal

27 Related parties




8 Pcnsions
















2004 2003










2004 2003 cooo coon

Equities ~ ~5deg iJ 11Q708 800 1~346

Bonds -f ~()(I( 22456 150[0 lfd29


)Clsh 21 O()~() 2]0



PenSlun Deficll




2004 2003 COOO (000


Past SeTyice Cost

Tow Operatmg Charge


follows

2004 2003 (000 COOIl













Contribul1ons

Past servICe costs

1ct J11terest cost

Actuanalloss


2004 2003 (000 (OHO

7101 2305

20018

(24024)

2004 2003 COOO fOOO

(62592 ) (222563 )

(174C)1 ) (1 14)

14068 1C 188

Nil Jl

( 12149) (104 7 9)

(]08T)71







2004 2003 eOHI fOOO

20058 (2632lJl

105 ~ ~ 8deg (

-501 305 39Jn bull 10

11(

(5-222) 111

11A -il

(30163) i24024 I

6deg ( 56 i (1











ExpCl1diflirc











COTEXTS




B-LAlCE SHEET

CASH fLOW STATD1ElT













Professor Vrixon

President



































~otes 20032004 20022013


StJte Grants

S lUdent Fees

Othcr income j

~~320

54205 II ql

~L216

50Jgl

USA 16 12QIO~

1(Cl11

Expenditure








141481gt


j 7 0fnuTLtal 13




-(I~UnOI (21963


Deficit fur Year





BALAiCESHEET


otes

Fixed Assets 1shy

InHstmellts 1 S

Current Assets



SWcb

Current Liahilitils

Bank Overdraft




Rlpreslntld by

General Reserve

Restncted Reserve~

RCcnne Resere~ 24



20032004 pound000

30JJ62

((15124 )

42342

par

20022003

EOOO

5203

191518 r620

1421

1(COWI1~

CASH FLOW STATEMET


oles 20032004

fOliO




Capital Expenditun



Financing

HEA Caplta] Grants




10-S9

37008

202




20022003

fOOO

304

(13323 )

1CJS24 12314

23 JJ6S

~OTES TO ACCOCTS


L State Grants

200312004 EIIHO

20022003 EHOU

RC2urrent Grant

iursmg Grant


~J inor VI orks


6 16 7 (

1-39

- (1f6

10

UI1 ]

Total

Student Fees

ACJdemlC


54120

Total

3 Other Income






M iscdlancoU Income

(49)

407 484

4532 2915

-+35 en 790

TOlal


Research Grants

Total

OTE5 TO ACCOliTS



AademlC

Tedmical


Depanmental Grams

lbceEmeous Epenses

T(1lal


Library Costs


Language Centre


ludl- Ylsual Centre



SpokenOra Imh



Total

- Premises


General Senices


Rent and Rates

Insurance

Costs

Total


Capital Projects

Equipment

Total

Staff Costs fOOO

54746

~S~3

-522

4040

298

1666

106

406

47

391

316

0049

3037

136

on Pay OHIO

12 no

2385 1560

(229

lOO 20

220 (67)

4125

3557 ln-

131 ]CJ

144

144h

201L4

]048

200312004 fOOO

54746

J(~3

522

1200

6425

4151- 1 lt-+-)

206

426

r 611

249

14074

6385 4814

131 15

l544 14t() -

1646

2002 2003

fOliO

49819 ()8(14

6(148

91 ((

55~6

3921

120 45shy

430

18

_ _i

_ shy

263

C

1]76

~036

4489

125

128

1120

----

01ES TO iCCOeirS


Staff Costs f(lOU

on Pay

pound000

200320(14

euroOOO 200220()3

pound000


Admimstration

Expense~


Mi~cellaneous

S3119 i( j

l38(1

S369 833

1380

~l (jCi

cSO_ ~

040

T()tal S311() ~ )(1 ~ liJi22




NTL Capitation


1240 ISO

208 +74

138~

1420

2OiC

474

1315

1822 r

Total ] 240 411 S ~n31

11 Student Services


S lUdent SerTIces

Careers Office



170

515

471

811

366

76

134

lBf

811

M5

59]

fl05

764

600 530

61



PensIOns



Totai ) q 1 - )- ~~

--- 16shy ~




]01 1-5 40 11

~144

141416 129135


1OTES TO ACCOlSrS



I nco Ill(

f(lOO Expenditure

euroO(lO

Surplus

2003i2004

fOOO

Surplus

20022003

(000

Student Residences


D~elopment Account

90 1



~and and Buildmgs

EqUlpment 6048 )39






Resene Account

9(1)

~OTES1UACCOC~1~


Land and

Buildings

pound000

F Fixed Assets


aluallcHi

Ce1st

Total


Drsposals (63)


aluallon ] 77] Cost

Tow]

Depreciation






Et]uipmellt fOOO

11+M

( 137)

819

3933 137

66618

~~ ))1 -p _-shy

Orn7

20032004

pound000

135940

476~Ol

9043

10

110763

~11651

3n5=3g

20022003

euro(HlO

13594C

MOO~

135940

3116 1



res IiIIi rCC

18 Investments

Openin~ balancc ~69


-ddHlons


92043

293

~OTES TO ACCOlliTS



Staff House Lmns

Imernal Balances






Internal Balances


21 Long Term Luans

20032004 f()OO

4~52

12313 110Q4

6640

hl195]

20022003 EOOO

12~276

8528 9064

4302

f12777


General Reserve



State Capital Granb


CapllaJ Donations

Other

Disposab

Amortisatioll







135940 135940

2910 2910

53147 2(1401 7954 5962

3144 ~6S8 4644

31598 12K4 4-L42~ 459(1

54017 331693 1990Q

2(1S()

(15967) 1189 1

( 8) J8 CJ

iOTES TO ACCOFTS



At begmning of year



At end of year

Amortisation

-t begmnmg of year





10031004 20011003 pound(HIO (000

5235Cl -tSA2shy O~126 -)-~

1 ~n ~

I-U30) 153)

282 (1 S9)


14 Rlvtnue Reserves

Opemng Balance


Closmg Balance

Cashflnw














(J4)

(20)

(28 )

15~43

IPno (15CJ(7)

129(J3)

(3

( I (5117 I

34

4174

~

-

4(141

963 118Q) )

(2Y8~ )

24

26~8

(]49

J(456

(J lW e(lC) ~

4(

-OTES TO ACCOUTS






Capital Commitmenrs





20032004 20022003

pound000 EOOO

5203

76259

1fC) 610








OTES TO ACCOVlTS
















statements fOOO

SlalC grants 74R6

Sludent ree 6344lt




Intgtfgt5t income

Totl incomc

Deficit for vear

Sllbsidiar~

companies

fOOO

2 (081


(flOO

C(76)

GAAP adj ustmen ts


((lOO (000

( 1(6)

(~9RR)

671

6]7

-2320 jO

C1 74 18870

3590 c118

ilZl

J(























Deloitte




financIal Slnemenrs








Dnnclples




Cork

Dare




























Equipment 5 ye-ars













SCUflllt=












1oles

Consolidattd 21104

pound000

Consolidated 2003

(OOll

Income

Srat rants

SlUJ~nl f~




Inters ll1ome

Ishy

4

~A~6

63-+4 4-01 II 1~Ibull ~ ___1

1831 7

7(0

~--3-q

11303

12AXO Q430


Expenditure

Staff OSb


DepreciatIon

Total expenditure


rJXJtion




Its hehalf by


1



otes

Consolidated

2004 CO(lO

2003 COOO

lnilrsit~

20()4 COOO

2lHl3 coou

Fhed assets

1 anglh Ie asset

Flnanci3 LSScl~ 10

11

Current assets

Swcks 12 314 351 291 3~)


Ca~h al bank

3330- 5 ~37 41497 469]


year (10UAX6) (76923)




vear l=



Represented by



Total


I1s hehall







2004 fOOO

2003 fOOO





Reconciliation

126lCJO


Closmg resenes







Fmll1cmg






on ash changes




otes

24

21104 E()()O

(761)

( 18680

( 390U I

26

26

(341021

(0361)41---shy


ons TO THE ACCOCTS





-cadcmic fee inccme





Other

-1 Other incollle






Other income

= Interest income

Inttres mcome


3 i 078 023

3S33

2()0-1 2003 pound000 ClWO

19 ~()~ 3U5

391()

l(1Ci

(I(i

2213 X6(1

2305 2(

laquo242 UOCi

1 Sl i~

200~ 200J COOO COOU

6



Staff costs



reahing and rsearch

TechmcJI


Other

Salaries and wages


Other pension costs


Consumables





Rent and rates

Other expenses



EXlcmal audit


during the

UH4 umber

201)4

(000

119538

666

14LA7C)

2(1)4

(000

15A7 4 2603

1(L933 376

138 j

L531

2004 [000

cq

IF

2003 umber

1246

63

2003 fO()()

]05379

200] C(lIiO

2003 COOO

jll

1U-

14312



S Taxation







Total

1




(( )NS()f J lgtAnl)

(0lt1 or valnation

At t ()cohcr200)

Additiotls

At

Is 311 21104

i)epncialioll

At 1 Oct(hcr 2(J03

(I Cd

tl) 2(11)1

Nrl hook aim

t I letobe WOJ

It Ill 211()4

fOlllillll((1

Land alld

hllildill~S

CHon

I 7ti6

57(iY

((l3)

379]

(() Ll

273I1U3

27350X

COIIIJlIII(middotr

(qlliplJI(lIt

(000

2(d~59

i23

1 JJ

2J 425

71 II

1434

4X39

EqllipllltlIl

COOO

iltU172 6+31

30514

9Y)()

20]X8

17331


COllstnldioll

ClUW

151)9

54512

109

Total

CIIOO

4IltX() 7Ui7

l) 1Yh2

IlI121

II

312(118

3(1)30








tll 1he lam] ami

~

--

- -

~

~

~

-

-=

shy

- = shy~

7

=-= -

Z

7 ~

~ - lt shy shy shy

shy

Z shy

Z

r X r

-

r

-= oJ c

= 0 ~

= -~-=

ti= ~

shy = =

~

~

t= Z

~

51

- Z ~ lt

0

r-~

(J n r--ltIoc r-

x

v ~ r l j r1 r- if

rr

T M rlt

r = j

= -j =

C

shy -

~ v ~ ~

shy shy

- - -

-0

lt - lt )

Z lt

1 0 x T x)C

F n ~

0middot1 r1~~

r -

r~

lt

0 lr ~ r1 n(1

l r~

ltj~






COOO COOO


( lthcr

3450




Incorporated




Brcnard Limited


At Ie Press Limited


11 Stocks

Consumables


Prindplil activity



11 gallery

Leasing or lands

PublIshing

Dornnnt

Interest 0 0

J00

100

100

100

1(lOo

Consolidated

2004 2003 COOO (0110

65


City Chamhers 4

Cork


Clliversity


36


13 Debtors

Trad- debtors



Slale gr~ml reciabk


Other deotiJrs


2(104 2003 2004 200 [000 COOO COOO f(I00

S34 -Li06 67U

601 753 6015 j J0(

1~S26 766 12S~6

11 -- 3 f~ 51 t

lJ

~ q()l --l12(j( ~ ~




20114 2003 2004 2003 COOO COOO [000 C(lOU









200-1 2003 2004 20U3 ((lOO COOO (000 COOO



2004 2003 2004 2003 (000 (000 fOOO (IOU






In fiC y~ar or more

TCHal 6360 1 3400( I ~~ ~





COOO

Other grants and

benefactors (000

Total

COOO

C olsolida ted

At 1 October 2003

BuJldmg~

EJuipment

Tota

414 45677 8-31


Equipment

Tolal

b53-l 153~5 -l U59


Buildmgs

Equipment

TClaj

1449 )

~

9~3

1-1 ---

) iii _) shy

1L~~~


B u ild 1111

Equipmem

T pta I

66639

7(91

600 i 9

-09A

I 6-] ~

14UltC)




(non

t niersity

At 1 October 21Hl3

B uil dlllb

Eqmpmem

Total

Cash received

Buddmggt EqUIpment

TOla


Equipmcl1l

Total )S3

At 30 September 200

Buildll1g~ 61324

EqUlpmcm Tora (~=5


2004 2003 (lOO ((lOU



t W Serlember



3515 -=37(J

81 2149

4465 7i ~

XXh(1

51627 112951

~65(1

6()

Lnjcrsity 200 20()3

f ono C 000

35040




COOO pound1000 ooo

Consolidattd



I ( Septemher 20(14




W Contingencies




2004 2003 2004 2003 (000 (000 COOO (000







Drcflse m creditors









2()l4

CIIOO

12(46) 1C) ~ 21

( 11253 ) (64 0 )

(]3006) f~(24)

15 (3011 11)62

11

( 14 361

2004 (000

301 ( 1(1621

7611

2004 C()(l()

S57 70(1

SC)4T

ISoRO



15 Financing 200-1 (000







539( (21)5021



125 163f()4iTCltal

27 Related parties




8 Pcnsions
















2004 2003










2004 2003 cooo coon

Equities ~ ~5deg iJ 11Q708 800 1~346

Bonds -f ~()(I( 22456 150[0 lfd29


)Clsh 21 O()~() 2]0



PenSlun Deficll




2004 2003 COOO (000


Past SeTyice Cost

Tow Operatmg Charge


follows

2004 2003 (000 COOIl













Contribul1ons

Past servICe costs

1ct J11terest cost

Actuanalloss


2004 2003 (000 (OHO

7101 2305

20018

(24024)

2004 2003 COOO fOOO

(62592 ) (222563 )

(174C)1 ) (1 14)

14068 1C 188

Nil Jl

( 12149) (104 7 9)

(]08T)71







2004 2003 eOHI fOOO

20058 (2632lJl

105 ~ ~ 8deg (

-501 305 39Jn bull 10

11(

(5-222) 111

11A -il

(30163) i24024 I

6deg ( 56 i (1











ExpCl1diflirc











COTEXTS




B-LAlCE SHEET

CASH fLOW STATD1ElT













Professor Vrixon

President



































~otes 20032004 20022013


StJte Grants

S lUdent Fees

Othcr income j

~~320

54205 II ql

~L216

50Jgl

USA 16 12QIO~

1(Cl11

Expenditure








141481gt


j 7 0fnuTLtal 13




-(I~UnOI (21963


Deficit fur Year





BALAiCESHEET


otes

Fixed Assets 1shy

InHstmellts 1 S

Current Assets



SWcb

Current Liahilitils

Bank Overdraft




Rlpreslntld by

General Reserve

Restncted Reserve~

RCcnne Resere~ 24



20032004 pound000

30JJ62

((15124 )

42342

par

20022003

EOOO

5203

191518 r620

1421

1(COWI1~

CASH FLOW STATEMET


oles 20032004

fOliO




Capital Expenditun



Financing

HEA Caplta] Grants




10-S9

37008

202




20022003

fOOO

304

(13323 )

1CJS24 12314

23 JJ6S

~OTES TO ACCOCTS


L State Grants

200312004 EIIHO

20022003 EHOU

RC2urrent Grant

iursmg Grant


~J inor VI orks


6 16 7 (

1-39

- (1f6

10

UI1 ]

Total

Student Fees

ACJdemlC


54120

Total

3 Other Income






M iscdlancoU Income

(49)

407 484

4532 2915

-+35 en 790

TOlal


Research Grants

Total

OTE5 TO ACCOliTS



AademlC

Tedmical


Depanmental Grams

lbceEmeous Epenses

T(1lal


Library Costs


Language Centre


ludl- Ylsual Centre



SpokenOra Imh



Total

- Premises


General Senices


Rent and Rates

Insurance

Costs

Total


Capital Projects

Equipment

Total

Staff Costs fOOO

54746

~S~3

-522

4040

298

1666

106

406

47

391

316

0049

3037

136

on Pay OHIO

12 no

2385 1560

(229

lOO 20

220 (67)

4125

3557 ln-

131 ]CJ

144

144h

201L4

]048

200312004 fOOO

54746

J(~3

522

1200

6425

4151- 1 lt-+-)

206

426

r 611

249

14074

6385 4814

131 15

l544 14t() -

1646

2002 2003

fOliO

49819 ()8(14

6(148

91 ((

55~6

3921

120 45shy

430

18

_ _i

_ shy

263

C

1]76

~036

4489

125

128

1120

----

01ES TO iCCOeirS


Staff Costs f(lOU

on Pay

pound000

200320(14

euroOOO 200220()3

pound000


Admimstration

Expense~


Mi~cellaneous

S3119 i( j

l38(1

S369 833

1380

~l (jCi

cSO_ ~

040

T()tal S311() ~ )(1 ~ liJi22




NTL Capitation


1240 ISO

208 +74

138~

1420

2OiC

474

1315

1822 r

Total ] 240 411 S ~n31

11 Student Services


S lUdent SerTIces

Careers Office



170

515

471

811

366

76

134

lBf

811

M5

59]

fl05

764

600 530

61



PensIOns



Totai ) q 1 - )- ~~

--- 16shy ~




]01 1-5 40 11

~144

141416 129135


1OTES TO ACCOlSrS



I nco Ill(

f(lOO Expenditure

euroO(lO

Surplus

2003i2004

fOOO

Surplus

20022003

(000

Student Residences


D~elopment Account

90 1



~and and Buildmgs

EqUlpment 6048 )39






Resene Account

9(1)

~OTES1UACCOC~1~


Land and

Buildings

pound000

F Fixed Assets


aluallcHi

Ce1st

Total


Drsposals (63)


aluallon ] 77] Cost

Tow]

Depreciation






Et]uipmellt fOOO

11+M

( 137)

819

3933 137

66618

~~ ))1 -p _-shy

Orn7

20032004

pound000

135940

476~Ol

9043

10

110763

~11651

3n5=3g

20022003

euro(HlO

13594C

MOO~

135940

3116 1



res IiIIi rCC

18 Investments

Openin~ balancc ~69


-ddHlons


92043

293

~OTES TO ACCOlliTS



Staff House Lmns

Imernal Balances






Internal Balances


21 Long Term Luans

20032004 f()OO

4~52

12313 110Q4

6640

hl195]

20022003 EOOO

12~276

8528 9064

4302

f12777


General Reserve



State Capital Granb


CapllaJ Donations

Other

Disposab

Amortisatioll







135940 135940

2910 2910

53147 2(1401 7954 5962

3144 ~6S8 4644

31598 12K4 4-L42~ 459(1

54017 331693 1990Q

2(1S()

(15967) 1189 1

( 8) J8 CJ

iOTES TO ACCOFTS



At begmning of year



At end of year

Amortisation

-t begmnmg of year





10031004 20011003 pound(HIO (000

5235Cl -tSA2shy O~126 -)-~

1 ~n ~

I-U30) 153)

282 (1 S9)


14 Rlvtnue Reserves

Opemng Balance


Closmg Balance

Cashflnw














(J4)

(20)

(28 )

15~43

IPno (15CJ(7)

129(J3)

(3

( I (5117 I

34

4174

~

-

4(141

963 118Q) )

(2Y8~ )

24

26~8

(]49

J(456

(J lW e(lC) ~

4(

-OTES TO ACCOUTS






Capital Commitmenrs





20032004 20022003

pound000 EOOO

5203

76259

1fC) 610








OTES TO ACCOVlTS
















statements fOOO

SlalC grants 74R6

Sludent ree 6344lt




Intgtfgt5t income

Totl incomc

Deficit for vear

Sllbsidiar~

companies

fOOO

2 (081


(flOO

C(76)

GAAP adj ustmen ts


((lOO (000

( 1(6)

(~9RR)

671

6]7

-2320 jO

C1 74 18870

3590 c118

ilZl

J(




























Equipment 5 ye-ars













SCUflllt=












1oles

Consolidattd 21104

pound000

Consolidated 2003

(OOll

Income

Srat rants

SlUJ~nl f~




Inters ll1ome

Ishy

4

~A~6

63-+4 4-01 II 1~Ibull ~ ___1

1831 7

7(0

~--3-q

11303

12AXO Q430


Expenditure

Staff OSb


DepreciatIon

Total expenditure


rJXJtion




Its hehalf by


1



otes

Consolidated

2004 CO(lO

2003 COOO

lnilrsit~

20()4 COOO

2lHl3 coou

Fhed assets

1 anglh Ie asset

Flnanci3 LSScl~ 10

11

Current assets

Swcks 12 314 351 291 3~)


Ca~h al bank

3330- 5 ~37 41497 469]


year (10UAX6) (76923)




vear l=



Represented by



Total


I1s hehall







2004 fOOO

2003 fOOO





Reconciliation

126lCJO


Closmg resenes







Fmll1cmg






on ash changes




otes

24

21104 E()()O

(761)

( 18680

( 390U I

26

26

(341021

(0361)41---shy


ons TO THE ACCOCTS





-cadcmic fee inccme





Other

-1 Other incollle






Other income

= Interest income

Inttres mcome


3 i 078 023

3S33

2()0-1 2003 pound000 ClWO

19 ~()~ 3U5

391()

l(1Ci

(I(i

2213 X6(1

2305 2(

laquo242 UOCi

1 Sl i~

200~ 200J COOO COOU

6



Staff costs



reahing and rsearch

TechmcJI


Other

Salaries and wages


Other pension costs


Consumables





Rent and rates

Other expenses



EXlcmal audit


during the

UH4 umber

201)4

(000

119538

666

14LA7C)

2(1)4

(000

15A7 4 2603

1(L933 376

138 j

L531

2004 [000

cq

IF

2003 umber

1246

63

2003 fO()()

]05379

200] C(lIiO

2003 COOO

jll

1U-

14312



S Taxation







Total

1




(( )NS()f J lgtAnl)

(0lt1 or valnation

At t ()cohcr200)

Additiotls

At

Is 311 21104

i)epncialioll

At 1 Oct(hcr 2(J03

(I Cd

tl) 2(11)1

Nrl hook aim

t I letobe WOJ

It Ill 211()4

fOlllillll((1

Land alld

hllildill~S

CHon

I 7ti6

57(iY

((l3)

379]

(() Ll

273I1U3

27350X

COIIIJlIII(middotr

(qlliplJI(lIt

(000

2(d~59

i23

1 JJ

2J 425

71 II

1434

4X39

EqllipllltlIl

COOO

iltU172 6+31

30514

9Y)()

20]X8

17331


COllstnldioll

ClUW

151)9

54512

109

Total

CIIOO

4IltX() 7Ui7

l) 1Yh2

IlI121

II

312(118

3(1)30








tll 1he lam] ami

~

--

- -

~

~

~

-

-=

shy

- = shy~

7

=-= -

Z

7 ~

~ - lt shy shy shy

shy

Z shy

Z

r X r

-

r

-= oJ c

= 0 ~

= -~-=

ti= ~

shy = =

~

~

t= Z

~

51

- Z ~ lt

0

r-~

(J n r--ltIoc r-

x

v ~ r l j r1 r- if

rr

T M rlt

r = j

= -j =

C

shy -

~ v ~ ~

shy shy

- - -

-0

lt - lt )

Z lt

1 0 x T x)C

F n ~

0middot1 r1~~

r -

r~

lt

0 lr ~ r1 n(1

l r~

ltj~






COOO COOO


( lthcr

3450




Incorporated




Brcnard Limited


At Ie Press Limited


11 Stocks

Consumables


Prindplil activity



11 gallery

Leasing or lands

PublIshing

Dornnnt

Interest 0 0

J00

100

100

100

1(lOo

Consolidated

2004 2003 COOO (0110

65


City Chamhers 4

Cork


Clliversity


36


13 Debtors

Trad- debtors



Slale gr~ml reciabk


Other deotiJrs


2(104 2003 2004 200 [000 COOO COOO f(I00

S34 -Li06 67U

601 753 6015 j J0(

1~S26 766 12S~6

11 -- 3 f~ 51 t

lJ

~ q()l --l12(j( ~ ~




20114 2003 2004 2003 COOO COOO [000 C(lOU









200-1 2003 2004 20U3 ((lOO COOO (000 COOO



2004 2003 2004 2003 (000 (000 fOOO (IOU






In fiC y~ar or more

TCHal 6360 1 3400( I ~~ ~





COOO

Other grants and

benefactors (000

Total

COOO

C olsolida ted

At 1 October 2003

BuJldmg~

EJuipment

Tota

414 45677 8-31


Equipment

Tolal

b53-l 153~5 -l U59


Buildmgs

Equipment

TClaj

1449 )

~

9~3

1-1 ---

) iii _) shy

1L~~~


B u ild 1111

Equipmem

T pta I

66639

7(91

600 i 9

-09A

I 6-] ~

14UltC)




(non

t niersity

At 1 October 21Hl3

B uil dlllb

Eqmpmem

Total

Cash received

Buddmggt EqUIpment

TOla


Equipmcl1l

Total )S3

At 30 September 200

Buildll1g~ 61324

EqUlpmcm Tora (~=5


2004 2003 (lOO ((lOU



t W Serlember



3515 -=37(J

81 2149

4465 7i ~

XXh(1

51627 112951

~65(1

6()

Lnjcrsity 200 20()3

f ono C 000

35040




COOO pound1000 ooo

Consolidattd



I ( Septemher 20(14




W Contingencies




2004 2003 2004 2003 (000 (000 COOO (000







Drcflse m creditors









2()l4

CIIOO

12(46) 1C) ~ 21

( 11253 ) (64 0 )

(]3006) f~(24)

15 (3011 11)62

11

( 14 361

2004 (000

301 ( 1(1621

7611

2004 C()(l()

S57 70(1

SC)4T

ISoRO



15 Financing 200-1 (000







539( (21)5021



125 163f()4iTCltal

27 Related parties




8 Pcnsions
















2004 2003










2004 2003 cooo coon

Equities ~ ~5deg iJ 11Q708 800 1~346

Bonds -f ~()(I( 22456 150[0 lfd29


)Clsh 21 O()~() 2]0



PenSlun Deficll




2004 2003 COOO (000


Past SeTyice Cost

Tow Operatmg Charge


follows

2004 2003 (000 COOIl













Contribul1ons

Past servICe costs

1ct J11terest cost

Actuanalloss


2004 2003 (000 (OHO

7101 2305

20018

(24024)

2004 2003 COOO fOOO

(62592 ) (222563 )

(174C)1 ) (1 14)

14068 1C 188

Nil Jl

( 12149) (104 7 9)

(]08T)71







2004 2003 eOHI fOOO

20058 (2632lJl

105 ~ ~ 8deg (

-501 305 39Jn bull 10

11(

(5-222) 111

11A -il

(30163) i24024 I

6deg ( 56 i (1











ExpCl1diflirc











COTEXTS




B-LAlCE SHEET

CASH fLOW STATD1ElT













Professor Vrixon

President



































~otes 20032004 20022013


StJte Grants

S lUdent Fees

Othcr income j

~~320

54205 II ql

~L216

50Jgl

USA 16 12QIO~

1(Cl11

Expenditure








141481gt


j 7 0fnuTLtal 13




-(I~UnOI (21963


Deficit fur Year





BALAiCESHEET


otes

Fixed Assets 1shy

InHstmellts 1 S

Current Assets



SWcb

Current Liahilitils

Bank Overdraft




Rlpreslntld by

General Reserve

Restncted Reserve~

RCcnne Resere~ 24



20032004 pound000

30JJ62

((15124 )

42342

par

20022003

EOOO

5203

191518 r620

1421

1(COWI1~

CASH FLOW STATEMET


oles 20032004

fOliO




Capital Expenditun



Financing

HEA Caplta] Grants




10-S9

37008

202




20022003

fOOO

304

(13323 )

1CJS24 12314

23 JJ6S

~OTES TO ACCOCTS


L State Grants

200312004 EIIHO

20022003 EHOU

RC2urrent Grant

iursmg Grant


~J inor VI orks


6 16 7 (

1-39

- (1f6

10

UI1 ]

Total

Student Fees

ACJdemlC


54120

Total

3 Other Income






M iscdlancoU Income

(49)

407 484

4532 2915

-+35 en 790

TOlal


Research Grants

Total

OTE5 TO ACCOliTS



AademlC

Tedmical


Depanmental Grams

lbceEmeous Epenses

T(1lal


Library Costs


Language Centre


ludl- Ylsual Centre



SpokenOra Imh



Total

- Premises


General Senices


Rent and Rates

Insurance

Costs

Total


Capital Projects

Equipment

Total

Staff Costs fOOO

54746

~S~3

-522

4040

298

1666

106

406

47

391

316

0049

3037

136

on Pay OHIO

12 no

2385 1560

(229

lOO 20

220 (67)

4125

3557 ln-

131 ]CJ

144

144h

201L4

]048

200312004 fOOO

54746

J(~3

522

1200

6425

4151- 1 lt-+-)

206

426

r 611

249

14074

6385 4814

131 15

l544 14t() -

1646

2002 2003

fOliO

49819 ()8(14

6(148

91 ((

55~6

3921

120 45shy

430

18

_ _i

_ shy

263

C

1]76

~036

4489

125

128

1120

----

01ES TO iCCOeirS


Staff Costs f(lOU

on Pay

pound000

200320(14

euroOOO 200220()3

pound000


Admimstration

Expense~


Mi~cellaneous

S3119 i( j

l38(1

S369 833

1380

~l (jCi

cSO_ ~

040

T()tal S311() ~ )(1 ~ liJi22




NTL Capitation


1240 ISO

208 +74

138~

1420

2OiC

474

1315

1822 r

Total ] 240 411 S ~n31

11 Student Services


S lUdent SerTIces

Careers Office



170

515

471

811

366

76

134

lBf

811

M5

59]

fl05

764

600 530

61



PensIOns



Totai ) q 1 - )- ~~

--- 16shy ~




]01 1-5 40 11

~144

141416 129135


1OTES TO ACCOlSrS



I nco Ill(

f(lOO Expenditure

euroO(lO

Surplus

2003i2004

fOOO

Surplus

20022003

(000

Student Residences


D~elopment Account

90 1



~and and Buildmgs

EqUlpment 6048 )39






Resene Account

9(1)

~OTES1UACCOC~1~


Land and

Buildings

pound000

F Fixed Assets


aluallcHi

Ce1st

Total


Drsposals (63)


aluallon ] 77] Cost

Tow]

Depreciation






Et]uipmellt fOOO

11+M

( 137)

819

3933 137

66618

~~ ))1 -p _-shy

Orn7

20032004

pound000

135940

476~Ol

9043

10

110763

~11651

3n5=3g

20022003

euro(HlO

13594C

MOO~

135940

3116 1



res IiIIi rCC

18 Investments

Openin~ balancc ~69


-ddHlons


92043

293

~OTES TO ACCOlliTS



Staff House Lmns

Imernal Balances






Internal Balances


21 Long Term Luans

20032004 f()OO

4~52

12313 110Q4

6640

hl195]

20022003 EOOO

12~276

8528 9064

4302

f12777


General Reserve



State Capital Granb


CapllaJ Donations

Other

Disposab

Amortisatioll







135940 135940

2910 2910

53147 2(1401 7954 5962

3144 ~6S8 4644

31598 12K4 4-L42~ 459(1

54017 331693 1990Q

2(1S()

(15967) 1189 1

( 8) J8 CJ

iOTES TO ACCOFTS



At begmning of year



At end of year

Amortisation

-t begmnmg of year





10031004 20011003 pound(HIO (000

5235Cl -tSA2shy O~126 -)-~

1 ~n ~

I-U30) 153)

282 (1 S9)


14 Rlvtnue Reserves

Opemng Balance


Closmg Balance

Cashflnw














(J4)

(20)

(28 )

15~43

IPno (15CJ(7)

129(J3)

(3

( I (5117 I

34

4174

~

-

4(141

963 118Q) )

(2Y8~ )

24

26~8

(]49

J(456

(J lW e(lC) ~

4(

-OTES TO ACCOUTS






Capital Commitmenrs





20032004 20022003

pound000 EOOO

5203

76259

1fC) 610








OTES TO ACCOVlTS
















statements fOOO

SlalC grants 74R6

Sludent ree 6344lt




Intgtfgt5t income

Totl incomc

Deficit for vear

Sllbsidiar~

companies

fOOO

2 (081


(flOO

C(76)

GAAP adj ustmen ts


((lOO (000

( 1(6)

(~9RR)

671

6]7

-2320 jO

C1 74 18870

3590 c118

ilZl

J(










1oles

Consolidattd 21104

pound000

Consolidated 2003

(OOll

Income

Srat rants

SlUJ~nl f~




Inters ll1ome

Ishy

4

~A~6

63-+4 4-01 II 1~Ibull ~ ___1

1831 7

7(0

~--3-q

11303

12AXO Q430


Expenditure

Staff OSb


DepreciatIon

Total expenditure


rJXJtion




Its hehalf by


1



otes

Consolidated

2004 CO(lO

2003 COOO

lnilrsit~

20()4 COOO

2lHl3 coou

Fhed assets

1 anglh Ie asset

Flnanci3 LSScl~ 10

11

Current assets

Swcks 12 314 351 291 3~)


Ca~h al bank

3330- 5 ~37 41497 469]


year (10UAX6) (76923)




vear l=



Represented by



Total


I1s hehall







2004 fOOO

2003 fOOO





Reconciliation

126lCJO


Closmg resenes







Fmll1cmg






on ash changes




otes

24

21104 E()()O

(761)

( 18680

( 390U I

26

26

(341021

(0361)41---shy


ons TO THE ACCOCTS





-cadcmic fee inccme





Other

-1 Other incollle






Other income

= Interest income

Inttres mcome


3 i 078 023

3S33

2()0-1 2003 pound000 ClWO

19 ~()~ 3U5

391()

l(1Ci

(I(i

2213 X6(1

2305 2(

laquo242 UOCi

1 Sl i~

200~ 200J COOO COOU

6



Staff costs



reahing and rsearch

TechmcJI


Other

Salaries and wages


Other pension costs


Consumables





Rent and rates

Other expenses



EXlcmal audit


during the

UH4 umber

201)4

(000

119538

666

14LA7C)

2(1)4

(000

15A7 4 2603

1(L933 376

138 j

L531

2004 [000

cq

IF

2003 umber

1246

63

2003 fO()()

]05379

200] C(lIiO

2003 COOO

jll

1U-

14312



S Taxation







Total

1




(( )NS()f J lgtAnl)

(0lt1 or valnation

At t ()cohcr200)

Additiotls

At

Is 311 21104

i)epncialioll

At 1 Oct(hcr 2(J03

(I Cd

tl) 2(11)1

Nrl hook aim

t I letobe WOJ

It Ill 211()4

fOlllillll((1

Land alld

hllildill~S

CHon

I 7ti6

57(iY

((l3)

379]

(() Ll

273I1U3

27350X

COIIIJlIII(middotr

(qlliplJI(lIt

(000

2(d~59

i23

1 JJ

2J 425

71 II

1434

4X39

EqllipllltlIl

COOO

iltU172 6+31

30514

9Y)()

20]X8

17331


COllstnldioll

ClUW

151)9

54512

109

Total

CIIOO

4IltX() 7Ui7

l) 1Yh2

IlI121

II

312(118

3(1)30








tll 1he lam] ami

~

--

- -

~

~

~

-

-=

shy

- = shy~

7

=-= -

Z

7 ~

~ - lt shy shy shy

shy

Z shy

Z

r X r

-

r

-= oJ c

= 0 ~

= -~-=

ti= ~

shy = =

~

~

t= Z

~

51

- Z ~ lt

0

r-~

(J n r--ltIoc r-

x

v ~ r l j r1 r- if

rr

T M rlt

r = j

= -j =

C

shy -

~ v ~ ~

shy shy

- - -

-0

lt - lt )

Z lt

1 0 x T x)C

F n ~

0middot1 r1~~

r -

r~

lt

0 lr ~ r1 n(1

l r~

ltj~






COOO COOO


( lthcr

3450




Incorporated




Brcnard Limited


At Ie Press Limited


11 Stocks

Consumables


Prindplil activity



11 gallery

Leasing or lands

PublIshing

Dornnnt

Interest 0 0

J00

100

100

100

1(lOo

Consolidated

2004 2003 COOO (0110

65


City Chamhers 4

Cork


Clliversity


36


13 Debtors

Trad- debtors



Slale gr~ml reciabk


Other deotiJrs


2(104 2003 2004 200 [000 COOO COOO f(I00

S34 -Li06 67U

601 753 6015 j J0(

1~S26 766 12S~6

11 -- 3 f~ 51 t

lJ

~ q()l --l12(j( ~ ~




20114 2003 2004 2003 COOO COOO [000 C(lOU









200-1 2003 2004 20U3 ((lOO COOO (000 COOO



2004 2003 2004 2003 (000 (000 fOOO (IOU






In fiC y~ar or more

TCHal 6360 1 3400( I ~~ ~





COOO

Other grants and

benefactors (000

Total

COOO

C olsolida ted

At 1 October 2003

BuJldmg~

EJuipment

Tota

414 45677 8-31


Equipment

Tolal

b53-l 153~5 -l U59


Buildmgs

Equipment

TClaj

1449 )

~

9~3

1-1 ---

) iii _) shy

1L~~~


B u ild 1111

Equipmem

T pta I

66639

7(91

600 i 9

-09A

I 6-] ~

14UltC)




(non

t niersity

At 1 October 21Hl3

B uil dlllb

Eqmpmem

Total

Cash received

Buddmggt EqUIpment

TOla


Equipmcl1l

Total )S3

At 30 September 200

Buildll1g~ 61324

EqUlpmcm Tora (~=5


2004 2003 (lOO ((lOU



t W Serlember



3515 -=37(J

81 2149

4465 7i ~

XXh(1

51627 112951

~65(1

6()

Lnjcrsity 200 20()3

f ono C 000

35040




COOO pound1000 ooo

Consolidattd



I ( Septemher 20(14




W Contingencies




2004 2003 2004 2003 (000 (000 COOO (000







Drcflse m creditors









2()l4

CIIOO

12(46) 1C) ~ 21

( 11253 ) (64 0 )

(]3006) f~(24)

15 (3011 11)62

11

( 14 361

2004 (000

301 ( 1(1621

7611

2004 C()(l()

S57 70(1

SC)4T

ISoRO



15 Financing 200-1 (000







539( (21)5021



125 163f()4iTCltal

27 Related parties




8 Pcnsions
















2004 2003










2004 2003 cooo coon

Equities ~ ~5deg iJ 11Q708 800 1~346

Bonds -f ~()(I( 22456 150[0 lfd29


)Clsh 21 O()~() 2]0



PenSlun Deficll




2004 2003 COOO (000


Past SeTyice Cost

Tow Operatmg Charge


follows

2004 2003 (000 COOIl













Contribul1ons

Past servICe costs

1ct J11terest cost

Actuanalloss


2004 2003 (000 (OHO

7101 2305

20018

(24024)

2004 2003 COOO fOOO

(62592 ) (222563 )

(174C)1 ) (1 14)

14068 1C 188

Nil Jl

( 12149) (104 7 9)

(]08T)71







2004 2003 eOHI fOOO

20058 (2632lJl

105 ~ ~ 8deg (

-501 305 39Jn bull 10

11(

(5-222) 111

11A -il

(30163) i24024 I

6deg ( 56 i (1











ExpCl1diflirc











COTEXTS




B-LAlCE SHEET

CASH fLOW STATD1ElT













Professor Vrixon

President



































~otes 20032004 20022013


StJte Grants

S lUdent Fees

Othcr income j

~~320

54205 II ql

~L216

50Jgl

USA 16 12QIO~

1(Cl11

Expenditure








141481gt


j 7 0fnuTLtal 13




-(I~UnOI (21963


Deficit fur Year





BALAiCESHEET


otes

Fixed Assets 1shy

InHstmellts 1 S

Current Assets



SWcb

Current Liahilitils

Bank Overdraft




Rlpreslntld by

General Reserve

Restncted Reserve~

RCcnne Resere~ 24



20032004 pound000

30JJ62

((15124 )

42342

par

20022003

EOOO

5203

191518 r620

1421

1(COWI1~

CASH FLOW STATEMET


oles 20032004

fOliO




Capital Expenditun



Financing

HEA Caplta] Grants




10-S9

37008

202




20022003

fOOO

304

(13323 )

1CJS24 12314

23 JJ6S

~OTES TO ACCOCTS


L State Grants

200312004 EIIHO

20022003 EHOU

RC2urrent Grant

iursmg Grant


~J inor VI orks


6 16 7 (

1-39

- (1f6

10

UI1 ]

Total

Student Fees

ACJdemlC


54120

Total

3 Other Income






M iscdlancoU Income

(49)

407 484

4532 2915

-+35 en 790

TOlal


Research Grants

Total

OTE5 TO ACCOliTS



AademlC

Tedmical


Depanmental Grams

lbceEmeous Epenses

T(1lal


Library Costs


Language Centre


ludl- Ylsual Centre



SpokenOra Imh



Total

- Premises


General Senices


Rent and Rates

Insurance

Costs

Total


Capital Projects

Equipment

Total

Staff Costs fOOO

54746

~S~3

-522

4040

298

1666

106

406

47

391

316

0049

3037

136

on Pay OHIO

12 no

2385 1560

(229

lOO 20

220 (67)

4125

3557 ln-

131 ]CJ

144

144h

201L4

]048

200312004 fOOO

54746

J(~3

522

1200

6425

4151- 1 lt-+-)

206

426

r 611

249

14074

6385 4814

131 15

l544 14t() -

1646

2002 2003

fOliO

49819 ()8(14

6(148

91 ((

55~6

3921

120 45shy

430

18

_ _i

_ shy

263

C

1]76

~036

4489

125

128

1120

----

01ES TO iCCOeirS


Staff Costs f(lOU

on Pay

pound000

200320(14

euroOOO 200220()3

pound000


Admimstration

Expense~


Mi~cellaneous

S3119 i( j

l38(1

S369 833

1380

~l (jCi

cSO_ ~

040

T()tal S311() ~ )(1 ~ liJi22




NTL Capitation


1240 ISO

208 +74

138~

1420

2OiC

474

1315

1822 r

Total ] 240 411 S ~n31

11 Student Services


S lUdent SerTIces

Careers Office



170

515

471

811

366

76

134

lBf

811

M5

59]

fl05

764

600 530

61



PensIOns



Totai ) q 1 - )- ~~

--- 16shy ~




]01 1-5 40 11

~144

141416 129135


1OTES TO ACCOlSrS



I nco Ill(

f(lOO Expenditure

euroO(lO

Surplus

2003i2004

fOOO

Surplus

20022003

(000

Student Residences


D~elopment Account

90 1



~and and Buildmgs

EqUlpment 6048 )39






Resene Account

9(1)

~OTES1UACCOC~1~


Land and

Buildings

pound000

F Fixed Assets


aluallcHi

Ce1st

Total


Drsposals (63)


aluallon ] 77] Cost

Tow]

Depreciation






Et]uipmellt fOOO

11+M

( 137)

819

3933 137

66618

~~ ))1 -p _-shy

Orn7

20032004

pound000

135940

476~Ol

9043

10

110763

~11651

3n5=3g

20022003

euro(HlO

13594C

MOO~

135940

3116 1



res IiIIi rCC

18 Investments

Openin~ balancc ~69


-ddHlons


92043

293

~OTES TO ACCOlliTS



Staff House Lmns

Imernal Balances






Internal Balances


21 Long Term Luans

20032004 f()OO

4~52

12313 110Q4

6640

hl195]

20022003 EOOO

12~276

8528 9064

4302

f12777


General Reserve



State Capital Granb


CapllaJ Donations

Other

Disposab

Amortisatioll







135940 135940

2910 2910

53147 2(1401 7954 5962

3144 ~6S8 4644

31598 12K4 4-L42~ 459(1

54017 331693 1990Q

2(1S()

(15967) 1189 1

( 8) J8 CJ

iOTES TO ACCOFTS



At begmning of year



At end of year

Amortisation

-t begmnmg of year





10031004 20011003 pound(HIO (000

5235Cl -tSA2shy O~126 -)-~

1 ~n ~

I-U30) 153)

282 (1 S9)


14 Rlvtnue Reserves

Opemng Balance


Closmg Balance

Cashflnw














(J4)

(20)

(28 )

15~43

IPno (15CJ(7)

129(J3)

(3

( I (5117 I

34

4174

~

-

4(141

963 118Q) )

(2Y8~ )

24

26~8

(]49

J(456

(J lW e(lC) ~

4(

-OTES TO ACCOUTS






Capital Commitmenrs





20032004 20022003

pound000 EOOO

5203

76259

1fC) 610








OTES TO ACCOVlTS
















statements fOOO

SlalC grants 74R6

Sludent ree 6344lt




Intgtfgt5t income

Totl incomc

Deficit for vear

Sllbsidiar~

companies

fOOO

2 (081


(flOO

C(76)

GAAP adj ustmen ts


((lOO (000

( 1(6)

(~9RR)

671

6]7

-2320 jO

C1 74 18870

3590 c118

ilZl

J(



otes

Consolidated

2004 CO(lO

2003 COOO

lnilrsit~

20()4 COOO

2lHl3 coou

Fhed assets

1 anglh Ie asset

Flnanci3 LSScl~ 10

11

Current assets

Swcks 12 314 351 291 3~)


Ca~h al bank

3330- 5 ~37 41497 469]


year (10UAX6) (76923)




vear l=



Represented by



Total


I1s hehall







2004 fOOO

2003 fOOO





Reconciliation

126lCJO


Closmg resenes







Fmll1cmg






on ash changes




otes

24

21104 E()()O

(761)

( 18680

( 390U I

26

26

(341021

(0361)41---shy


ons TO THE ACCOCTS





-cadcmic fee inccme





Other

-1 Other incollle






Other income

= Interest income

Inttres mcome


3 i 078 023

3S33

2()0-1 2003 pound000 ClWO

19 ~()~ 3U5

391()

l(1Ci

(I(i

2213 X6(1

2305 2(

laquo242 UOCi

1 Sl i~

200~ 200J COOO COOU

6



Staff costs



reahing and rsearch

TechmcJI


Other

Salaries and wages


Other pension costs


Consumables





Rent and rates

Other expenses



EXlcmal audit


during the

UH4 umber

201)4

(000

119538

666

14LA7C)

2(1)4

(000

15A7 4 2603

1(L933 376

138 j

L531

2004 [000

cq

IF

2003 umber

1246

63

2003 fO()()

]05379

200] C(lIiO

2003 COOO

jll

1U-

14312



S Taxation







Total

1




(( )NS()f J lgtAnl)

(0lt1 or valnation

At t ()cohcr200)

Additiotls

At

Is 311 21104

i)epncialioll

At 1 Oct(hcr 2(J03

(I Cd

tl) 2(11)1

Nrl hook aim

t I letobe WOJ

It Ill 211()4

fOlllillll((1

Land alld

hllildill~S

CHon

I 7ti6

57(iY

((l3)

379]

(() Ll

273I1U3

27350X

COIIIJlIII(middotr

(qlliplJI(lIt

(000

2(d~59

i23

1 JJ

2J 425

71 II

1434

4X39

EqllipllltlIl

COOO

iltU172 6+31

30514

9Y)()

20]X8

17331


COllstnldioll

ClUW

151)9

54512

109

Total

CIIOO

4IltX() 7Ui7

l) 1Yh2

IlI121

II

312(118

3(1)30








tll 1he lam] ami

~

--

- -

~

~

~

-

-=

shy

- = shy~

7

=-= -

Z

7 ~

~ - lt shy shy shy

shy

Z shy

Z

r X r

-

r

-= oJ c

= 0 ~

= -~-=

ti= ~

shy = =

~

~

t= Z

~

51

- Z ~ lt

0

r-~

(J n r--ltIoc r-

x

v ~ r l j r1 r- if

rr

T M rlt

r = j

= -j =

C

shy -

~ v ~ ~

shy shy

- - -

-0

lt - lt )

Z lt

1 0 x T x)C

F n ~

0middot1 r1~~

r -

r~

lt

0 lr ~ r1 n(1

l r~

ltj~






COOO COOO


( lthcr

3450




Incorporated




Brcnard Limited


At Ie Press Limited


11 Stocks

Consumables


Prindplil activity



11 gallery

Leasing or lands

PublIshing

Dornnnt

Interest 0 0

J00

100

100

100

1(lOo

Consolidated

2004 2003 COOO (0110

65


City Chamhers 4

Cork


Clliversity


36


13 Debtors

Trad- debtors



Slale gr~ml reciabk


Other deotiJrs


2(104 2003 2004 200 [000 COOO COOO f(I00

S34 -Li06 67U

601 753 6015 j J0(

1~S26 766 12S~6

11 -- 3 f~ 51 t

lJ

~ q()l --l12(j( ~ ~




20114 2003 2004 2003 COOO COOO [000 C(lOU









200-1 2003 2004 20U3 ((lOO COOO (000 COOO



2004 2003 2004 2003 (000 (000 fOOO (IOU






In fiC y~ar or more

TCHal 6360 1 3400( I ~~ ~





COOO

Other grants and

benefactors (000

Total

COOO

C olsolida ted

At 1 October 2003

BuJldmg~

EJuipment

Tota

414 45677 8-31


Equipment

Tolal

b53-l 153~5 -l U59


Buildmgs

Equipment

TClaj

1449 )

~

9~3

1-1 ---

) iii _) shy

1L~~~


B u ild 1111

Equipmem

T pta I

66639

7(91

600 i 9

-09A

I 6-] ~

14UltC)




(non

t niersity

At 1 October 21Hl3

B uil dlllb

Eqmpmem

Total

Cash received

Buddmggt EqUIpment

TOla


Equipmcl1l

Total )S3

At 30 September 200

Buildll1g~ 61324

EqUlpmcm Tora (~=5


2004 2003 (lOO ((lOU



t W Serlember



3515 -=37(J

81 2149

4465 7i ~

XXh(1

51627 112951

~65(1

6()

Lnjcrsity 200 20()3

f ono C 000

35040




COOO pound1000 ooo

Consolidattd



I ( Septemher 20(14




W Contingencies




2004 2003 2004 2003 (000 (000 COOO (000







Drcflse m creditors









2()l4

CIIOO

12(46) 1C) ~ 21

( 11253 ) (64 0 )

(]3006) f~(24)

15 (3011 11)62

11

( 14 361

2004 (000

301 ( 1(1621

7611

2004 C()(l()

S57 70(1

SC)4T

ISoRO



15 Financing 200-1 (000







539( (21)5021



125 163f()4iTCltal

27 Related parties




8 Pcnsions
















2004 2003










2004 2003 cooo coon

Equities ~ ~5deg iJ 11Q708 800 1~346

Bonds -f ~()(I( 22456 150[0 lfd29


)Clsh 21 O()~() 2]0



PenSlun Deficll




2004 2003 COOO (000


Past SeTyice Cost

Tow Operatmg Charge


follows

2004 2003 (000 COOIl













Contribul1ons

Past servICe costs

1ct J11terest cost

Actuanalloss


2004 2003 (000 (OHO

7101 2305

20018

(24024)

2004 2003 COOO fOOO

(62592 ) (222563 )

(174C)1 ) (1 14)

14068 1C 188

Nil Jl

( 12149) (104 7 9)

(]08T)71







2004 2003 eOHI fOOO

20058 (2632lJl

105 ~ ~ 8deg (

-501 305 39Jn bull 10

11(

(5-222) 111

11A -il

(30163) i24024 I

6deg ( 56 i (1











ExpCl1diflirc











COTEXTS




B-LAlCE SHEET

CASH fLOW STATD1ElT













Professor Vrixon

President



































~otes 20032004 20022013


StJte Grants

S lUdent Fees

Othcr income j

~~320

54205 II ql

~L216

50Jgl

USA 16 12QIO~

1(Cl11

Expenditure








141481gt


j 7 0fnuTLtal 13




-(I~UnOI (21963


Deficit fur Year





BALAiCESHEET


otes

Fixed Assets 1shy

InHstmellts 1 S

Current Assets



SWcb

Current Liahilitils

Bank Overdraft




Rlpreslntld by

General Reserve

Restncted Reserve~

RCcnne Resere~ 24



20032004 pound000

30JJ62

((15124 )

42342

par

20022003

EOOO

5203

191518 r620

1421

1(COWI1~

CASH FLOW STATEMET


oles 20032004

fOliO




Capital Expenditun



Financing

HEA Caplta] Grants




10-S9

37008

202




20022003

fOOO

304

(13323 )

1CJS24 12314

23 JJ6S

~OTES TO ACCOCTS


L State Grants

200312004 EIIHO

20022003 EHOU

RC2urrent Grant

iursmg Grant


~J inor VI orks


6 16 7 (

1-39

- (1f6

10

UI1 ]

Total

Student Fees

ACJdemlC


54120

Total

3 Other Income






M iscdlancoU Income

(49)

407 484

4532 2915

-+35 en 790

TOlal


Research Grants

Total

OTE5 TO ACCOliTS



AademlC

Tedmical


Depanmental Grams

lbceEmeous Epenses

T(1lal


Library Costs


Language Centre


ludl- Ylsual Centre



SpokenOra Imh



Total

- Premises


General Senices


Rent and Rates

Insurance

Costs

Total


Capital Projects

Equipment

Total

Staff Costs fOOO

54746

~S~3

-522

4040

298

1666

106

406

47

391

316

0049

3037

136

on Pay OHIO

12 no

2385 1560

(229

lOO 20

220 (67)

4125

3557 ln-

131 ]CJ

144

144h

201L4

]048

200312004 fOOO

54746

J(~3

522

1200

6425

4151- 1 lt-+-)

206

426

r 611

249

14074

6385 4814

131 15

l544 14t() -

1646

2002 2003

fOliO

49819 ()8(14

6(148

91 ((

55~6

3921

120 45shy

430

18

_ _i

_ shy

263

C

1]76

~036

4489

125

128

1120

----

01ES TO iCCOeirS


Staff Costs f(lOU

on Pay

pound000

200320(14

euroOOO 200220()3

pound000


Admimstration

Expense~


Mi~cellaneous

S3119 i( j

l38(1

S369 833

1380

~l (jCi

cSO_ ~

040

T()tal S311() ~ )(1 ~ liJi22




NTL Capitation


1240 ISO

208 +74

138~

1420

2OiC

474

1315

1822 r

Total ] 240 411 S ~n31

11 Student Services


S lUdent SerTIces

Careers Office



170

515

471

811

366

76

134

lBf

811

M5

59]

fl05

764

600 530

61



PensIOns



Totai ) q 1 - )- ~~

--- 16shy ~




]01 1-5 40 11

~144

141416 129135


1OTES TO ACCOlSrS



I nco Ill(

f(lOO Expenditure

euroO(lO

Surplus

2003i2004

fOOO

Surplus

20022003

(000

Student Residences


D~elopment Account

90 1



~and and Buildmgs

EqUlpment 6048 )39






Resene Account

9(1)

~OTES1UACCOC~1~


Land and

Buildings

pound000

F Fixed Assets


aluallcHi

Ce1st

Total


Drsposals (63)


aluallon ] 77] Cost

Tow]

Depreciation






Et]uipmellt fOOO

11+M

( 137)

819

3933 137

66618

~~ ))1 -p _-shy

Orn7

20032004

pound000

135940

476~Ol

9043

10

110763

~11651

3n5=3g

20022003

euro(HlO

13594C

MOO~

135940

3116 1



res IiIIi rCC

18 Investments

Openin~ balancc ~69


-ddHlons


92043

293

~OTES TO ACCOlliTS



Staff House Lmns

Imernal Balances






Internal Balances


21 Long Term Luans

20032004 f()OO

4~52

12313 110Q4

6640

hl195]

20022003 EOOO

12~276

8528 9064

4302

f12777


General Reserve



State Capital Granb


CapllaJ Donations

Other

Disposab

Amortisatioll







135940 135940

2910 2910

53147 2(1401 7954 5962

3144 ~6S8 4644

31598 12K4 4-L42~ 459(1

54017 331693 1990Q

2(1S()

(15967) 1189 1

( 8) J8 CJ

iOTES TO ACCOFTS



At begmning of year



At end of year

Amortisation

-t begmnmg of year





10031004 20011003 pound(HIO (000

5235Cl -tSA2shy O~126 -)-~

1 ~n ~

I-U30) 153)

282 (1 S9)


14 Rlvtnue Reserves

Opemng Balance


Closmg Balance

Cashflnw














(J4)

(20)

(28 )

15~43

IPno (15CJ(7)

129(J3)

(3

( I (5117 I

34

4174

~

-

4(141

963 118Q) )

(2Y8~ )

24

26~8

(]49

J(456

(J lW e(lC) ~

4(

-OTES TO ACCOUTS






Capital Commitmenrs





20032004 20022003

pound000 EOOO

5203

76259

1fC) 610








OTES TO ACCOVlTS
















statements fOOO

SlalC grants 74R6

Sludent ree 6344lt




Intgtfgt5t income

Totl incomc

Deficit for vear

Sllbsidiar~

companies

fOOO

2 (081


(flOO

C(76)

GAAP adj ustmen ts


((lOO (000

( 1(6)

(~9RR)

671

6]7

-2320 jO

C1 74 18870

3590 c118

ilZl

J(






2004 fOOO

2003 fOOO





Reconciliation

126lCJO


Closmg resenes







Fmll1cmg






on ash changes




otes

24

21104 E()()O

(761)

( 18680

( 390U I

26

26

(341021

(0361)41---shy


ons TO THE ACCOCTS





-cadcmic fee inccme





Other

-1 Other incollle






Other income

= Interest income

Inttres mcome


3 i 078 023

3S33

2()0-1 2003 pound000 ClWO

19 ~()~ 3U5

391()

l(1Ci

(I(i

2213 X6(1

2305 2(

laquo242 UOCi

1 Sl i~

200~ 200J COOO COOU

6



Staff costs



reahing and rsearch

TechmcJI


Other

Salaries and wages


Other pension costs


Consumables





Rent and rates

Other expenses



EXlcmal audit


during the

UH4 umber

201)4

(000

119538

666

14LA7C)

2(1)4

(000

15A7 4 2603

1(L933 376

138 j

L531

2004 [000

cq

IF

2003 umber

1246

63

2003 fO()()

]05379

200] C(lIiO

2003 COOO

jll

1U-

14312



S Taxation







Total

1




(( )NS()f J lgtAnl)

(0lt1 or valnation

At t ()cohcr200)

Additiotls

At

Is 311 21104

i)epncialioll

At 1 Oct(hcr 2(J03

(I Cd

tl) 2(11)1

Nrl hook aim

t I letobe WOJ

It Ill 211()4

fOlllillll((1

Land alld

hllildill~S

CHon

I 7ti6

57(iY

((l3)

379]

(() Ll

273I1U3

27350X

COIIIJlIII(middotr

(qlliplJI(lIt

(000

2(d~59

i23

1 JJ

2J 425

71 II

1434

4X39

EqllipllltlIl

COOO

iltU172 6+31

30514

9Y)()

20]X8

17331


COllstnldioll

ClUW

151)9

54512

109

Total

CIIOO

4IltX() 7Ui7

l) 1Yh2

IlI121

II

312(118

3(1)30








tll 1he lam] ami

~

--

- -

~

~

~

-

-=

shy

- = shy~

7

=-= -

Z

7 ~

~ - lt shy shy shy

shy

Z shy

Z

r X r

-

r

-= oJ c

= 0 ~

= -~-=

ti= ~

shy = =

~

~

t= Z

~

51

- Z ~ lt

0

r-~

(J n r--ltIoc r-

x

v ~ r l j r1 r- if

rr

T M rlt

r = j

= -j =

C

shy -

~ v ~ ~

shy shy

- - -

-0

lt - lt )

Z lt

1 0 x T x)C

F n ~

0middot1 r1~~

r -

r~

lt

0 lr ~ r1 n(1

l r~

ltj~






COOO COOO


( lthcr

3450




Incorporated




Brcnard Limited


At Ie Press Limited


11 Stocks

Consumables


Prindplil activity



11 gallery

Leasing or lands

PublIshing

Dornnnt

Interest 0 0

J00

100

100

100

1(lOo

Consolidated

2004 2003 COOO (0110

65


City Chamhers 4

Cork


Clliversity


36


13 Debtors

Trad- debtors



Slale gr~ml reciabk


Other deotiJrs


2(104 2003 2004 200 [000 COOO COOO f(I00

S34 -Li06 67U

601 753 6015 j J0(

1~S26 766 12S~6

11 -- 3 f~ 51 t

lJ

~ q()l --l12(j( ~ ~




20114 2003 2004 2003 COOO COOO [000 C(lOU









200-1 2003 2004 20U3 ((lOO COOO (000 COOO



2004 2003 2004 2003 (000 (000 fOOO (IOU






In fiC y~ar or more

TCHal 6360 1 3400( I ~~ ~





COOO

Other grants and

benefactors (000

Total

COOO

C olsolida ted

At 1 October 2003

BuJldmg~

EJuipment

Tota

414 45677 8-31


Equipment

Tolal

b53-l 153~5 -l U59


Buildmgs

Equipment

TClaj

1449 )

~

9~3

1-1 ---

) iii _) shy

1L~~~


B u ild 1111

Equipmem

T pta I

66639

7(91

600 i 9

-09A

I 6-] ~

14UltC)




(non

t niersity

At 1 October 21Hl3

B uil dlllb

Eqmpmem

Total

Cash received

Buddmggt EqUIpment

TOla


Equipmcl1l

Total )S3

At 30 September 200

Buildll1g~ 61324

EqUlpmcm Tora (~=5


2004 2003 (lOO ((lOU



t W Serlember



3515 -=37(J

81 2149

4465 7i ~

XXh(1

51627 112951

~65(1

6()

Lnjcrsity 200 20()3

f ono C 000

35040




COOO pound1000 ooo

Consolidattd



I ( Septemher 20(14




W Contingencies




2004 2003 2004 2003 (000 (000 COOO (000







Drcflse m creditors









2()l4

CIIOO

12(46) 1C) ~ 21

( 11253 ) (64 0 )

(]3006) f~(24)

15 (3011 11)62

11

( 14 361

2004 (000

301 ( 1(1621

7611

2004 C()(l()

S57 70(1

SC)4T

ISoRO



15 Financing 200-1 (000







539( (21)5021



125 163f()4iTCltal

27 Related parties




8 Pcnsions
















2004 2003










2004 2003 cooo coon

Equities ~ ~5deg iJ 11Q708 800 1~346

Bonds -f ~()(I( 22456 150[0 lfd29


)Clsh 21 O()~() 2]0



PenSlun Deficll




2004 2003 COOO (000


Past SeTyice Cost

Tow Operatmg Charge


follows

2004 2003 (000 COOIl













Contribul1ons

Past servICe costs

1ct J11terest cost

Actuanalloss


2004 2003 (000 (OHO

7101 2305

20018

(24024)

2004 2003 COOO fOOO

(62592 ) (222563 )

(174C)1 ) (1 14)

14068 1C 188

Nil Jl

( 12149) (104 7 9)

(]08T)71







2004 2003 eOHI fOOO

20058 (2632lJl

105 ~ ~ 8deg (

-501 305 39Jn bull 10

11(

(5-222) 111

11A -il

(30163) i24024 I

6deg ( 56 i (1











ExpCl1diflirc











COTEXTS




B-LAlCE SHEET

CASH fLOW STATD1ElT













Professor Vrixon

President



































~otes 20032004 20022013


StJte Grants

S lUdent Fees

Othcr income j

~~320

54205 II ql

~L216

50Jgl

USA 16 12QIO~

1(Cl11

Expenditure








141481gt


j 7 0fnuTLtal 13




-(I~UnOI (21963


Deficit fur Year





BALAiCESHEET


otes

Fixed Assets 1shy

InHstmellts 1 S

Current Assets



SWcb

Current Liahilitils

Bank Overdraft




Rlpreslntld by

General Reserve

Restncted Reserve~

RCcnne Resere~ 24



20032004 pound000

30JJ62

((15124 )

42342

par

20022003

EOOO

5203

191518 r620

1421

1(COWI1~

CASH FLOW STATEMET


oles 20032004

fOliO




Capital Expenditun



Financing

HEA Caplta] Grants




10-S9

37008

202




20022003

fOOO

304

(13323 )

1CJS24 12314

23 JJ6S

~OTES TO ACCOCTS


L State Grants

200312004 EIIHO

20022003 EHOU

RC2urrent Grant

iursmg Grant


~J inor VI orks


6 16 7 (

1-39

- (1f6

10

UI1 ]

Total

Student Fees

ACJdemlC


54120

Total

3 Other Income






M iscdlancoU Income

(49)

407 484

4532 2915

-+35 en 790

TOlal


Research Grants

Total

OTE5 TO ACCOliTS



AademlC

Tedmical


Depanmental Grams

lbceEmeous Epenses

T(1lal


Library Costs


Language Centre


ludl- Ylsual Centre



SpokenOra Imh



Total

- Premises


General Senices


Rent and Rates

Insurance

Costs

Total


Capital Projects

Equipment

Total

Staff Costs fOOO

54746

~S~3

-522

4040

298

1666

106

406

47

391

316

0049

3037

136

on Pay OHIO

12 no

2385 1560

(229

lOO 20

220 (67)

4125

3557 ln-

131 ]CJ

144

144h

201L4

]048

200312004 fOOO

54746

J(~3

522

1200

6425

4151- 1 lt-+-)

206

426

r 611

249

14074

6385 4814

131 15

l544 14t() -

1646

2002 2003

fOliO

49819 ()8(14

6(148

91 ((

55~6

3921

120 45shy

430

18

_ _i

_ shy

263

C

1]76

~036

4489

125

128

1120

----

01ES TO iCCOeirS


Staff Costs f(lOU

on Pay

pound000

200320(14

euroOOO 200220()3

pound000


Admimstration

Expense~


Mi~cellaneous

S3119 i( j

l38(1

S369 833

1380

~l (jCi

cSO_ ~

040

T()tal S311() ~ )(1 ~ liJi22




NTL Capitation


1240 ISO

208 +74

138~

1420

2OiC

474

1315

1822 r

Total ] 240 411 S ~n31

11 Student Services


S lUdent SerTIces

Careers Office



170

515

471

811

366

76

134

lBf

811

M5

59]

fl05

764

600 530

61



PensIOns



Totai ) q 1 - )- ~~

--- 16shy ~




]01 1-5 40 11

~144

141416 129135


1OTES TO ACCOlSrS



I nco Ill(

f(lOO Expenditure

euroO(lO

Surplus

2003i2004

fOOO

Surplus

20022003

(000

Student Residences


D~elopment Account

90 1



~and and Buildmgs

EqUlpment 6048 )39






Resene Account

9(1)

~OTES1UACCOC~1~


Land and

Buildings

pound000

F Fixed Assets


aluallcHi

Ce1st

Total


Drsposals (63)


aluallon ] 77] Cost

Tow]

Depreciation






Et]uipmellt fOOO

11+M

( 137)

819

3933 137

66618

~~ ))1 -p _-shy

Orn7

20032004

pound000

135940

476~Ol

9043

10

110763

~11651

3n5=3g

20022003

euro(HlO

13594C

MOO~

135940

3116 1



res IiIIi rCC

18 Investments

Openin~ balancc ~69


-ddHlons


92043

293

~OTES TO ACCOlliTS



Staff House Lmns

Imernal Balances






Internal Balances


21 Long Term Luans

20032004 f()OO

4~52

12313 110Q4

6640

hl195]

20022003 EOOO

12~276

8528 9064

4302

f12777


General Reserve



State Capital Granb


CapllaJ Donations

Other

Disposab

Amortisatioll







135940 135940

2910 2910

53147 2(1401 7954 5962

3144 ~6S8 4644

31598 12K4 4-L42~ 459(1

54017 331693 1990Q

2(1S()

(15967) 1189 1

( 8) J8 CJ

iOTES TO ACCOFTS



At begmning of year



At end of year

Amortisation

-t begmnmg of year





10031004 20011003 pound(HIO (000

5235Cl -tSA2shy O~126 -)-~

1 ~n ~

I-U30) 153)

282 (1 S9)


14 Rlvtnue Reserves

Opemng Balance


Closmg Balance

Cashflnw














(J4)

(20)

(28 )

15~43

IPno (15CJ(7)

129(J3)

(3

( I (5117 I

34

4174

~

-

4(141

963 118Q) )

(2Y8~ )

24

26~8

(]49

J(456

(J lW e(lC) ~

4(

-OTES TO ACCOUTS






Capital Commitmenrs





20032004 20022003

pound000 EOOO

5203

76259

1fC) 610








OTES TO ACCOVlTS
















statements fOOO

SlalC grants 74R6

Sludent ree 6344lt




Intgtfgt5t income

Totl incomc

Deficit for vear

Sllbsidiar~

companies

fOOO

2 (081


(flOO

C(76)

GAAP adj ustmen ts


((lOO (000

( 1(6)

(~9RR)

671

6]7

-2320 jO

C1 74 18870

3590 c118

ilZl

J(







Fmll1cmg






on ash changes




otes

24

21104 E()()O

(761)

( 18680

( 390U I

26

26

(341021

(0361)41---shy


ons TO THE ACCOCTS





-cadcmic fee inccme





Other

-1 Other incollle






Other income

= Interest income

Inttres mcome


3 i 078 023

3S33

2()0-1 2003 pound000 ClWO

19 ~()~ 3U5

391()

l(1Ci

(I(i

2213 X6(1

2305 2(

laquo242 UOCi

1 Sl i~

200~ 200J COOO COOU

6



Staff costs



reahing and rsearch

TechmcJI


Other

Salaries and wages


Other pension costs


Consumables





Rent and rates

Other expenses



EXlcmal audit


during the

UH4 umber

201)4

(000

119538

666

14LA7C)

2(1)4

(000

15A7 4 2603

1(L933 376

138 j

L531

2004 [000

cq

IF

2003 umber

1246

63

2003 fO()()

]05379

200] C(lIiO

2003 COOO

jll

1U-

14312



S Taxation







Total

1




(( )NS()f J lgtAnl)

(0lt1 or valnation

At t ()cohcr200)

Additiotls

At

Is 311 21104

i)epncialioll

At 1 Oct(hcr 2(J03

(I Cd

tl) 2(11)1

Nrl hook aim

t I letobe WOJ

It Ill 211()4

fOlllillll((1

Land alld

hllildill~S

CHon

I 7ti6

57(iY

((l3)

379]

(() Ll

273I1U3

27350X

COIIIJlIII(middotr

(qlliplJI(lIt

(000

2(d~59

i23

1 JJ

2J 425

71 II

1434

4X39

EqllipllltlIl

COOO

iltU172 6+31

30514

9Y)()

20]X8

17331


COllstnldioll

ClUW

151)9

54512

109

Total

CIIOO

4IltX() 7Ui7

l) 1Yh2

IlI121

II

312(118

3(1)30








tll 1he lam] ami

~

--

- -

~

~

~

-

-=

shy

- = shy~

7

=-= -

Z

7 ~

~ - lt shy shy shy

shy

Z shy

Z

r X r

-

r

-= oJ c

= 0 ~

= -~-=

ti= ~

shy = =

~

~

t= Z

~

51

- Z ~ lt

0

r-~

(J n r--ltIoc r-

x

v ~ r l j r1 r- if

rr

T M rlt

r = j

= -j =

C

shy -

~ v ~ ~

shy shy

- - -

-0

lt - lt )

Z lt

1 0 x T x)C

F n ~

0middot1 r1~~

r -

r~

lt

0 lr ~ r1 n(1

l r~

ltj~






COOO COOO


( lthcr

3450




Incorporated




Brcnard Limited


At Ie Press Limited


11 Stocks

Consumables


Prindplil activity



11 gallery

Leasing or lands

PublIshing

Dornnnt

Interest 0 0

J00

100

100

100

1(lOo

Consolidated

2004 2003 COOO (0110

65


City Chamhers 4

Cork


Clliversity


36


13 Debtors

Trad- debtors



Slale gr~ml reciabk


Other deotiJrs


2(104 2003 2004 200 [000 COOO COOO f(I00

S34 -Li06 67U

601 753 6015 j J0(

1~S26 766 12S~6

11 -- 3 f~ 51 t

lJ

~ q()l --l12(j( ~ ~




20114 2003 2004 2003 COOO COOO [000 C(lOU









200-1 2003 2004 20U3 ((lOO COOO (000 COOO



2004 2003 2004 2003 (000 (000 fOOO (IOU






In fiC y~ar or more

TCHal 6360 1 3400( I ~~ ~





COOO

Other grants and

benefactors (000

Total

COOO

C olsolida ted

At 1 October 2003

BuJldmg~

EJuipment

Tota

414 45677 8-31


Equipment

Tolal

b53-l 153~5 -l U59


Buildmgs

Equipment

TClaj

1449 )

~

9~3

1-1 ---

) iii _) shy

1L~~~


B u ild 1111

Equipmem

T pta I

66639

7(91

600 i 9

-09A

I 6-] ~

14UltC)




(non

t niersity

At 1 October 21Hl3

B uil dlllb

Eqmpmem

Total

Cash received

Buddmggt EqUIpment

TOla


Equipmcl1l

Total )S3

At 30 September 200

Buildll1g~ 61324

EqUlpmcm Tora (~=5


2004 2003 (lOO ((lOU



t W Serlember



3515 -=37(J

81 2149

4465 7i ~

XXh(1

51627 112951

~65(1

6()

Lnjcrsity 200 20()3

f ono C 000

35040




COOO pound1000 ooo

Consolidattd



I ( Septemher 20(14




W Contingencies




2004 2003 2004 2003 (000 (000 COOO (000







Drcflse m creditors









2()l4

CIIOO

12(46) 1C) ~ 21

( 11253 ) (64 0 )

(]3006) f~(24)

15 (3011 11)62

11

( 14 361

2004 (000

301 ( 1(1621

7611

2004 C()(l()

S57 70(1

SC)4T

ISoRO



15 Financing 200-1 (000







539( (21)5021



125 163f()4iTCltal

27 Related parties




8 Pcnsions
















2004 2003










2004 2003 cooo coon

Equities ~ ~5deg iJ 11Q708 800 1~346

Bonds -f ~()(I( 22456 150[0 lfd29


)Clsh 21 O()~() 2]0



PenSlun Deficll




2004 2003 COOO (000


Past SeTyice Cost

Tow Operatmg Charge


follows

2004 2003 (000 COOIl













Contribul1ons

Past servICe costs

1ct J11terest cost

Actuanalloss


2004 2003 (000 (OHO

7101 2305

20018

(24024)

2004 2003 COOO fOOO

(62592 ) (222563 )

(174C)1 ) (1 14)

14068 1C 188

Nil Jl

( 12149) (104 7 9)

(]08T)71







2004 2003 eOHI fOOO

20058 (2632lJl

105 ~ ~ 8deg (

-501 305 39Jn bull 10

11(

(5-222) 111

11A -il

(30163) i24024 I

6deg ( 56 i (1











ExpCl1diflirc











COTEXTS




B-LAlCE SHEET

CASH fLOW STATD1ElT













Professor Vrixon

President



































~otes 20032004 20022013


StJte Grants

S lUdent Fees

Othcr income j

~~320

54205 II ql

~L216

50Jgl

USA 16 12QIO~

1(Cl11

Expenditure








141481gt


j 7 0fnuTLtal 13




-(I~UnOI (21963


Deficit fur Year





BALAiCESHEET


otes

Fixed Assets 1shy

InHstmellts 1 S

Current Assets



SWcb

Current Liahilitils

Bank Overdraft




Rlpreslntld by

General Reserve

Restncted Reserve~

RCcnne Resere~ 24



20032004 pound000

30JJ62

((15124 )

42342

par

20022003

EOOO

5203

191518 r620

1421

1(COWI1~

CASH FLOW STATEMET


oles 20032004

fOliO




Capital Expenditun



Financing

HEA Caplta] Grants




10-S9

37008

202




20022003

fOOO

304

(13323 )

1CJS24 12314

23 JJ6S

~OTES TO ACCOCTS


L State Grants

200312004 EIIHO

20022003 EHOU

RC2urrent Grant

iursmg Grant


~J inor VI orks


6 16 7 (

1-39

- (1f6

10

UI1 ]

Total

Student Fees

ACJdemlC


54120

Total

3 Other Income






M iscdlancoU Income

(49)

407 484

4532 2915

-+35 en 790

TOlal


Research Grants

Total

OTE5 TO ACCOliTS



AademlC

Tedmical


Depanmental Grams

lbceEmeous Epenses

T(1lal


Library Costs


Language Centre


ludl- Ylsual Centre



SpokenOra Imh



Total

- Premises


General Senices


Rent and Rates

Insurance

Costs

Total


Capital Projects

Equipment

Total

Staff Costs fOOO

54746

~S~3

-522

4040

298

1666

106

406

47

391

316

0049

3037

136

on Pay OHIO

12 no

2385 1560

(229

lOO 20

220 (67)

4125

3557 ln-

131 ]CJ

144

144h

201L4

]048

200312004 fOOO

54746

J(~3

522

1200

6425

4151- 1 lt-+-)

206

426

r 611

249

14074

6385 4814

131 15

l544 14t() -

1646

2002 2003

fOliO

49819 ()8(14

6(148

91 ((

55~6

3921

120 45shy

430

18

_ _i

_ shy

263

C

1]76

~036

4489

125

128

1120

----

01ES TO iCCOeirS


Staff Costs f(lOU

on Pay

pound000

200320(14

euroOOO 200220()3

pound000


Admimstration

Expense~


Mi~cellaneous

S3119 i( j

l38(1

S369 833

1380

~l (jCi

cSO_ ~

040

T()tal S311() ~ )(1 ~ liJi22




NTL Capitation


1240 ISO

208 +74

138~

1420

2OiC

474

1315

1822 r

Total ] 240 411 S ~n31

11 Student Services


S lUdent SerTIces

Careers Office



170

515

471

811

366

76

134

lBf

811

M5

59]

fl05

764

600 530

61



PensIOns



Totai ) q 1 - )- ~~

--- 16shy ~




]01 1-5 40 11

~144

141416 129135


1OTES TO ACCOlSrS



I nco Ill(

f(lOO Expenditure

euroO(lO

Surplus

2003i2004

fOOO

Surplus

20022003

(000

Student Residences


D~elopment Account

90 1



~and and Buildmgs

EqUlpment 6048 )39






Resene Account

9(1)

~OTES1UACCOC~1~


Land and

Buildings

pound000

F Fixed Assets


aluallcHi

Ce1st

Total


Drsposals (63)


aluallon ] 77] Cost

Tow]

Depreciation






Et]uipmellt fOOO

11+M

( 137)

819

3933 137

66618

~~ ))1 -p _-shy

Orn7

20032004

pound000

135940

476~Ol

9043

10

110763

~11651

3n5=3g

20022003

euro(HlO

13594C

MOO~

135940

3116 1



res IiIIi rCC

18 Investments

Openin~ balancc ~69


-ddHlons


92043

293

~OTES TO ACCOlliTS



Staff House Lmns

Imernal Balances






Internal Balances


21 Long Term Luans

20032004 f()OO

4~52

12313 110Q4

6640

hl195]

20022003 EOOO

12~276

8528 9064

4302

f12777


General Reserve



State Capital Granb


CapllaJ Donations

Other

Disposab

Amortisatioll







135940 135940

2910 2910

53147 2(1401 7954 5962

3144 ~6S8 4644

31598 12K4 4-L42~ 459(1

54017 331693 1990Q

2(1S()

(15967) 1189 1

( 8) J8 CJ

iOTES TO ACCOFTS



At begmning of year



At end of year

Amortisation

-t begmnmg of year





10031004 20011003 pound(HIO (000

5235Cl -tSA2shy O~126 -)-~

1 ~n ~

I-U30) 153)

282 (1 S9)


14 Rlvtnue Reserves

Opemng Balance


Closmg Balance

Cashflnw














(J4)

(20)

(28 )

15~43

IPno (15CJ(7)

129(J3)

(3

( I (5117 I

34

4174

~

-

4(141

963 118Q) )

(2Y8~ )

24

26~8

(]49

J(456

(J lW e(lC) ~

4(

-OTES TO ACCOUTS






Capital Commitmenrs





20032004 20022003

pound000 EOOO

5203

76259

1fC) 610








OTES TO ACCOVlTS
















statements fOOO

SlalC grants 74R6

Sludent ree 6344lt




Intgtfgt5t income

Totl incomc

Deficit for vear

Sllbsidiar~

companies

fOOO

2 (081


(flOO

C(76)

GAAP adj ustmen ts


((lOO (000

( 1(6)

(~9RR)

671

6]7

-2320 jO

C1 74 18870

3590 c118

ilZl

J(


ons TO THE ACCOCTS





-cadcmic fee inccme





Other

-1 Other incollle






Other income

= Interest income

Inttres mcome


3 i 078 023

3S33

2()0-1 2003 pound000 ClWO

19 ~()~ 3U5

391()

l(1Ci

(I(i

2213 X6(1

2305 2(

laquo242 UOCi

1 Sl i~

200~ 200J COOO COOU

6



Staff costs



reahing and rsearch

TechmcJI


Other

Salaries and wages


Other pension costs


Consumables





Rent and rates

Other expenses



EXlcmal audit


during the

UH4 umber

201)4

(000

119538

666

14LA7C)

2(1)4

(000

15A7 4 2603

1(L933 376

138 j

L531

2004 [000

cq

IF

2003 umber

1246

63

2003 fO()()

]05379

200] C(lIiO

2003 COOO

jll

1U-

14312



S Taxation







Total

1




(( )NS()f J lgtAnl)

(0lt1 or valnation

At t ()cohcr200)

Additiotls

At

Is 311 21104

i)epncialioll

At 1 Oct(hcr 2(J03

(I Cd

tl) 2(11)1

Nrl hook aim

t I letobe WOJ

It Ill 211()4

fOlllillll((1

Land alld

hllildill~S

CHon

I 7ti6

57(iY

((l3)

379]

(() Ll

273I1U3

27350X

COIIIJlIII(middotr

(qlliplJI(lIt

(000

2(d~59

i23

1 JJ

2J 425

71 II

1434

4X39

EqllipllltlIl

COOO

iltU172 6+31

30514

9Y)()

20]X8

17331


COllstnldioll

ClUW

151)9

54512

109

Total

CIIOO

4IltX() 7Ui7

l) 1Yh2

IlI121

II

312(118

3(1)30








tll 1he lam] ami

~

--

- -

~

~

~

-

-=

shy

- = shy~

7

=-= -

Z

7 ~

~ - lt shy shy shy

shy

Z shy

Z

r X r

-

r

-= oJ c

= 0 ~

= -~-=

ti= ~

shy = =

~

~

t= Z

~

51

- Z ~ lt

0

r-~

(J n r--ltIoc r-

x

v ~ r l j r1 r- if

rr

T M rlt

r = j

= -j =

C

shy -

~ v ~ ~

shy shy

- - -

-0

lt - lt )

Z lt

1 0 x T x)C

F n ~

0middot1 r1~~

r -

r~

lt

0 lr ~ r1 n(1

l r~

ltj~






COOO COOO


( lthcr

3450




Incorporated




Brcnard Limited


At Ie Press Limited


11 Stocks

Consumables


Prindplil activity



11 gallery

Leasing or lands

PublIshing

Dornnnt

Interest 0 0

J00

100

100

100

1(lOo

Consolidated

2004 2003 COOO (0110

65


City Chamhers 4

Cork


Clliversity


36


13 Debtors

Trad- debtors



Slale gr~ml reciabk


Other deotiJrs


2(104 2003 2004 200 [000 COOO COOO f(I00

S34 -Li06 67U

601 753 6015 j J0(

1~S26 766 12S~6

11 -- 3 f~ 51 t

lJ

~ q()l --l12(j( ~ ~




20114 2003 2004 2003 COOO COOO [000 C(lOU









200-1 2003 2004 20U3 ((lOO COOO (000 COOO



2004 2003 2004 2003 (000 (000 fOOO (IOU






In fiC y~ar or more

TCHal 6360 1 3400( I ~~ ~





COOO

Other grants and

benefactors (000

Total

COOO

C olsolida ted

At 1 October 2003

BuJldmg~

EJuipment

Tota

414 45677 8-31


Equipment

Tolal

b53-l 153~5 -l U59


Buildmgs

Equipment

TClaj

1449 )

~

9~3

1-1 ---

) iii _) shy

1L~~~


B u ild 1111

Equipmem

T pta I

66639

7(91

600 i 9

-09A

I 6-] ~

14UltC)




(non

t niersity

At 1 October 21Hl3

B uil dlllb

Eqmpmem

Total

Cash received

Buddmggt EqUIpment

TOla


Equipmcl1l

Total )S3

At 30 September 200

Buildll1g~ 61324

EqUlpmcm Tora (~=5


2004 2003 (lOO ((lOU



t W Serlember



3515 -=37(J

81 2149

4465 7i ~

XXh(1

51627 112951

~65(1

6()

Lnjcrsity 200 20()3

f ono C 000

35040




COOO pound1000 ooo

Consolidattd



I ( Septemher 20(14




W Contingencies




2004 2003 2004 2003 (000 (000 COOO (000







Drcflse m creditors









2()l4

CIIOO

12(46) 1C) ~ 21

( 11253 ) (64 0 )

(]3006) f~(24)

15 (3011 11)62

11

( 14 361

2004 (000

301 ( 1(1621

7611

2004 C()(l()

S57 70(1

SC)4T

ISoRO



15 Financing 200-1 (000







539( (21)5021



125 163f()4iTCltal

27 Related parties




8 Pcnsions
















2004 2003










2004 2003 cooo coon

Equities ~ ~5deg iJ 11Q708 800 1~346

Bonds -f ~()(I( 22456 150[0 lfd29


)Clsh 21 O()~() 2]0



PenSlun Deficll




2004 2003 COOO (000


Past SeTyice Cost

Tow Operatmg Charge


follows

2004 2003 (000 COOIl













Contribul1ons

Past servICe costs

1ct J11terest cost

Actuanalloss


2004 2003 (000 (OHO

7101 2305

20018

(24024)

2004 2003 COOO fOOO

(62592 ) (222563 )

(174C)1 ) (1 14)

14068 1C 188

Nil Jl

( 12149) (104 7 9)

(]08T)71







2004 2003 eOHI fOOO

20058 (2632lJl

105 ~ ~ 8deg (

-501 305 39Jn bull 10

11(

(5-222) 111

11A -il

(30163) i24024 I

6deg ( 56 i (1











ExpCl1diflirc











COTEXTS




B-LAlCE SHEET

CASH fLOW STATD1ElT













Professor Vrixon

President



































~otes 20032004 20022013


StJte Grants

S lUdent Fees

Othcr income j

~~320

54205 II ql

~L216

50Jgl

USA 16 12QIO~

1(Cl11

Expenditure








141481gt


j 7 0fnuTLtal 13




-(I~UnOI (21963


Deficit fur Year





BALAiCESHEET


otes

Fixed Assets 1shy

InHstmellts 1 S

Current Assets



SWcb

Current Liahilitils

Bank Overdraft




Rlpreslntld by

General Reserve

Restncted Reserve~

RCcnne Resere~ 24



20032004 pound000

30JJ62

((15124 )

42342

par

20022003

EOOO

5203

191518 r620

1421

1(COWI1~

CASH FLOW STATEMET


oles 20032004

fOliO




Capital Expenditun



Financing

HEA Caplta] Grants




10-S9

37008

202




20022003

fOOO

304

(13323 )

1CJS24 12314

23 JJ6S

~OTES TO ACCOCTS


L State Grants

200312004 EIIHO

20022003 EHOU

RC2urrent Grant

iursmg Grant


~J inor VI orks


6 16 7 (

1-39

- (1f6

10

UI1 ]

Total

Student Fees

ACJdemlC


54120

Total

3 Other Income






M iscdlancoU Income

(49)

407 484

4532 2915

-+35 en 790

TOlal


Research Grants

Total

OTE5 TO ACCOliTS



AademlC

Tedmical


Depanmental Grams

lbceEmeous Epenses

T(1lal


Library Costs


Language Centre


ludl- Ylsual Centre



SpokenOra Imh



Total

- Premises


General Senices


Rent and Rates

Insurance

Costs

Total


Capital Projects

Equipment

Total

Staff Costs fOOO

54746

~S~3

-522

4040

298

1666

106

406

47

391

316

0049

3037

136

on Pay OHIO

12 no

2385 1560

(229

lOO 20

220 (67)

4125

3557 ln-

131 ]CJ

144

144h

201L4

]048

200312004 fOOO

54746

J(~3

522

1200

6425

4151- 1 lt-+-)

206

426

r 611

249

14074

6385 4814

131 15

l544 14t() -

1646

2002 2003

fOliO

49819 ()8(14

6(148

91 ((

55~6

3921

120 45shy

430

18

_ _i

_ shy

263

C

1]76

~036

4489

125

128

1120

----

01ES TO iCCOeirS


Staff Costs f(lOU

on Pay

pound000

200320(14

euroOOO 200220()3

pound000


Admimstration

Expense~


Mi~cellaneous

S3119 i( j

l38(1

S369 833

1380

~l (jCi

cSO_ ~

040

T()tal S311() ~ )(1 ~ liJi22




NTL Capitation


1240 ISO

208 +74

138~

1420

2OiC

474

1315

1822 r

Total ] 240 411 S ~n31

11 Student Services


S lUdent SerTIces

Careers Office



170

515

471

811

366

76

134

lBf

811

M5

59]

fl05

764

600 530

61



PensIOns



Totai ) q 1 - )- ~~

--- 16shy ~




]01 1-5 40 11

~144

141416 129135


1OTES TO ACCOlSrS



I nco Ill(

f(lOO Expenditure

euroO(lO

Surplus

2003i2004

fOOO

Surplus

20022003

(000

Student Residences


D~elopment Account

90 1



~and and Buildmgs

EqUlpment 6048 )39






Resene Account

9(1)

~OTES1UACCOC~1~


Land and

Buildings

pound000

F Fixed Assets


aluallcHi

Ce1st

Total


Drsposals (63)


aluallon ] 77] Cost

Tow]

Depreciation






Et]uipmellt fOOO

11+M

( 137)

819

3933 137

66618

~~ ))1 -p _-shy

Orn7

20032004

pound000

135940

476~Ol

9043

10

110763

~11651

3n5=3g

20022003

euro(HlO

13594C

MOO~

135940

3116 1



res IiIIi rCC

18 Investments

Openin~ balancc ~69


-ddHlons


92043

293

~OTES TO ACCOlliTS



Staff House Lmns

Imernal Balances






Internal Balances


21 Long Term Luans

20032004 f()OO

4~52

12313 110Q4

6640

hl195]

20022003 EOOO

12~276

8528 9064

4302

f12777


General Reserve



State Capital Granb


CapllaJ Donations

Other

Disposab

Amortisatioll







135940 135940

2910 2910

53147 2(1401 7954 5962

3144 ~6S8 4644

31598 12K4 4-L42~ 459(1

54017 331693 1990Q

2(1S()

(15967) 1189 1

( 8) J8 CJ

iOTES TO ACCOFTS



At begmning of year



At end of year

Amortisation

-t begmnmg of year





10031004 20011003 pound(HIO (000

5235Cl -tSA2shy O~126 -)-~

1 ~n ~

I-U30) 153)

282 (1 S9)


14 Rlvtnue Reserves

Opemng Balance


Closmg Balance

Cashflnw














(J4)

(20)

(28 )

15~43

IPno (15CJ(7)

129(J3)

(3

( I (5117 I

34

4174

~

-

4(141

963 118Q) )

(2Y8~ )

24

26~8

(]49

J(456

(J lW e(lC) ~

4(

-OTES TO ACCOUTS






Capital Commitmenrs





20032004 20022003

pound000 EOOO

5203

76259

1fC) 610








OTES TO ACCOVlTS
















statements fOOO

SlalC grants 74R6

Sludent ree 6344lt




Intgtfgt5t income

Totl incomc

Deficit for vear

Sllbsidiar~

companies

fOOO

2 (081


(flOO

C(76)

GAAP adj ustmen ts


((lOO (000

( 1(6)

(~9RR)

671

6]7

-2320 jO

C1 74 18870

3590 c118

ilZl

J(

6



Staff costs



reahing and rsearch

TechmcJI


Other

Salaries and wages


Other pension costs


Consumables





Rent and rates

Other expenses



EXlcmal audit


during the

UH4 umber

201)4

(000

119538

666

14LA7C)

2(1)4

(000

15A7 4 2603

1(L933 376

138 j

L531

2004 [000

cq

IF

2003 umber

1246

63

2003 fO()()

]05379

200] C(lIiO

2003 COOO

jll

1U-

14312



S Taxation







Total

1




(( )NS()f J lgtAnl)

(0lt1 or valnation

At t ()cohcr200)

Additiotls

At

Is 311 21104

i)epncialioll

At 1 Oct(hcr 2(J03

(I Cd

tl) 2(11)1

Nrl hook aim

t I letobe WOJ

It Ill 211()4

fOlllillll((1

Land alld

hllildill~S

CHon

I 7ti6

57(iY

((l3)

379]

(() Ll

273I1U3

27350X

COIIIJlIII(middotr

(qlliplJI(lIt

(000

2(d~59

i23

1 JJ

2J 425

71 II

1434

4X39

EqllipllltlIl

COOO

iltU172 6+31

30514

9Y)()

20]X8

17331


COllstnldioll

ClUW

151)9

54512

109

Total

CIIOO

4IltX() 7Ui7

l) 1Yh2

IlI121

II

312(118

3(1)30








tll 1he lam] ami

~

--

- -

~

~

~

-

-=

shy

- = shy~

7

=-= -

Z

7 ~

~ - lt shy shy shy

shy

Z shy

Z

r X r

-

r

-= oJ c

= 0 ~

= -~-=

ti= ~

shy = =

~

~

t= Z

~

51

- Z ~ lt

0

r-~

(J n r--ltIoc r-

x

v ~ r l j r1 r- if

rr

T M rlt

r = j

= -j =

C

shy -

~ v ~ ~

shy shy

- - -

-0

lt - lt )

Z lt

1 0 x T x)C

F n ~

0middot1 r1~~

r -

r~

lt

0 lr ~ r1 n(1

l r~

ltj~






COOO COOO


( lthcr

3450




Incorporated




Brcnard Limited


At Ie Press Limited


11 Stocks

Consumables


Prindplil activity



11 gallery

Leasing or lands

PublIshing

Dornnnt

Interest 0 0

J00

100

100

100

1(lOo

Consolidated

2004 2003 COOO (0110

65


City Chamhers 4

Cork


Clliversity


36


13 Debtors

Trad- debtors



Slale gr~ml reciabk


Other deotiJrs


2(104 2003 2004 200 [000 COOO COOO f(I00

S34 -Li06 67U

601 753 6015 j J0(

1~S26 766 12S~6

11 -- 3 f~ 51 t

lJ

~ q()l --l12(j( ~ ~




20114 2003 2004 2003 COOO COOO [000 C(lOU









200-1 2003 2004 20U3 ((lOO COOO (000 COOO



2004 2003 2004 2003 (000 (000 fOOO (IOU






In fiC y~ar or more

TCHal 6360 1 3400( I ~~ ~





COOO

Other grants and

benefactors (000

Total

COOO

C olsolida ted

At 1 October 2003

BuJldmg~

EJuipment

Tota

414 45677 8-31


Equipment

Tolal

b53-l 153~5 -l U59


Buildmgs

Equipment

TClaj

1449 )

~

9~3

1-1 ---

) iii _) shy

1L~~~


B u ild 1111

Equipmem

T pta I

66639

7(91

600 i 9

-09A

I 6-] ~

14UltC)




(non

t niersity

At 1 October 21Hl3

B uil dlllb

Eqmpmem

Total

Cash received

Buddmggt EqUIpment

TOla


Equipmcl1l

Total )S3

At 30 September 200

Buildll1g~ 61324

EqUlpmcm Tora (~=5


2004 2003 (lOO ((lOU



t W Serlember



3515 -=37(J

81 2149

4465 7i ~

XXh(1

51627 112951

~65(1

6()

Lnjcrsity 200 20()3

f ono C 000

35040




COOO pound1000 ooo

Consolidattd



I ( Septemher 20(14




W Contingencies




2004 2003 2004 2003 (000 (000 COOO (000







Drcflse m creditors









2()l4

CIIOO

12(46) 1C) ~ 21

( 11253 ) (64 0 )

(]3006) f~(24)

15 (3011 11)62

11

( 14 361

2004 (000

301 ( 1(1621

7611

2004 C()(l()

S57 70(1

SC)4T

ISoRO



15 Financing 200-1 (000







539( (21)5021



125 163f()4iTCltal

27 Related parties




8 Pcnsions
















2004 2003










2004 2003 cooo coon

Equities ~ ~5deg iJ 11Q708 800 1~346

Bonds -f ~()(I( 22456 150[0 lfd29


)Clsh 21 O()~() 2]0



PenSlun Deficll




2004 2003 COOO (000


Past SeTyice Cost

Tow Operatmg Charge


follows

2004 2003 (000 COOIl













Contribul1ons

Past servICe costs

1ct J11terest cost

Actuanalloss


2004 2003 (000 (OHO

7101 2305

20018

(24024)

2004 2003 COOO fOOO

(62592 ) (222563 )

(174C)1 ) (1 14)

14068 1C 188

Nil Jl

( 12149) (104 7 9)

(]08T)71







2004 2003 eOHI fOOO

20058 (2632lJl

105 ~ ~ 8deg (

-501 305 39Jn bull 10

11(

(5-222) 111

11A -il

(30163) i24024 I

6deg ( 56 i (1











ExpCl1diflirc











COTEXTS




B-LAlCE SHEET

CASH fLOW STATD1ElT













Professor Vrixon

President



































~otes 20032004 20022013


StJte Grants

S lUdent Fees

Othcr income j

~~320

54205 II ql

~L216

50Jgl

USA 16 12QIO~

1(Cl11

Expenditure








141481gt


j 7 0fnuTLtal 13




-(I~UnOI (21963


Deficit fur Year





BALAiCESHEET


otes

Fixed Assets 1shy

InHstmellts 1 S

Current Assets



SWcb

Current Liahilitils

Bank Overdraft




Rlpreslntld by

General Reserve

Restncted Reserve~

RCcnne Resere~ 24



20032004 pound000

30JJ62

((15124 )

42342

par

20022003

EOOO

5203

191518 r620

1421

1(COWI1~

CASH FLOW STATEMET


oles 20032004

fOliO




Capital Expenditun



Financing

HEA Caplta] Grants




10-S9

37008

202




20022003

fOOO

304

(13323 )

1CJS24 12314

23 JJ6S

~OTES TO ACCOCTS


L State Grants

200312004 EIIHO

20022003 EHOU

RC2urrent Grant

iursmg Grant


~J inor VI orks


6 16 7 (

1-39

- (1f6

10

UI1 ]

Total

Student Fees

ACJdemlC


54120

Total

3 Other Income






M iscdlancoU Income

(49)

407 484

4532 2915

-+35 en 790

TOlal


Research Grants

Total

OTE5 TO ACCOliTS



AademlC

Tedmical


Depanmental Grams

lbceEmeous Epenses

T(1lal


Library Costs


Language Centre


ludl- Ylsual Centre



SpokenOra Imh



Total

- Premises


General Senices


Rent and Rates

Insurance

Costs

Total


Capital Projects

Equipment

Total

Staff Costs fOOO

54746

~S~3

-522

4040

298

1666

106

406

47

391

316

0049

3037

136

on Pay OHIO

12 no

2385 1560

(229

lOO 20

220 (67)

4125

3557 ln-

131 ]CJ

144

144h

201L4

]048

200312004 fOOO

54746

J(~3

522

1200

6425

4151- 1 lt-+-)

206

426

r 611

249

14074

6385 4814

131 15

l544 14t() -

1646

2002 2003

fOliO

49819 ()8(14

6(148

91 ((

55~6

3921

120 45shy

430

18

_ _i

_ shy

263

C

1]76

~036

4489

125

128

1120

----

01ES TO iCCOeirS


Staff Costs f(lOU

on Pay

pound000

200320(14

euroOOO 200220()3

pound000


Admimstration

Expense~


Mi~cellaneous

S3119 i( j

l38(1

S369 833

1380

~l (jCi

cSO_ ~

040

T()tal S311() ~ )(1 ~ liJi22




NTL Capitation


1240 ISO

208 +74

138~

1420

2OiC

474

1315

1822 r

Total ] 240 411 S ~n31

11 Student Services


S lUdent SerTIces

Careers Office



170

515

471

811

366

76

134

lBf

811

M5

59]

fl05

764

600 530

61



PensIOns



Totai ) q 1 - )- ~~

--- 16shy ~




]01 1-5 40 11

~144

141416 129135


1OTES TO ACCOlSrS



I nco Ill(

f(lOO Expenditure

euroO(lO

Surplus

2003i2004

fOOO

Surplus

20022003

(000

Student Residences


D~elopment Account

90 1



~and and Buildmgs

EqUlpment 6048 )39






Resene Account

9(1)

~OTES1UACCOC~1~


Land and

Buildings

pound000

F Fixed Assets


aluallcHi

Ce1st

Total


Drsposals (63)


aluallon ] 77] Cost

Tow]

Depreciation






Et]uipmellt fOOO

11+M

( 137)

819

3933 137

66618

~~ ))1 -p _-shy

Orn7

20032004

pound000

135940

476~Ol

9043

10

110763

~11651

3n5=3g

20022003

euro(HlO

13594C

MOO~

135940

3116 1



res IiIIi rCC

18 Investments

Openin~ balancc ~69


-ddHlons


92043

293

~OTES TO ACCOlliTS



Staff House Lmns

Imernal Balances






Internal Balances


21 Long Term Luans

20032004 f()OO

4~52

12313 110Q4

6640

hl195]

20022003 EOOO

12~276

8528 9064

4302

f12777


General Reserve



State Capital Granb


CapllaJ Donations

Other

Disposab

Amortisatioll







135940 135940

2910 2910

53147 2(1401 7954 5962

3144 ~6S8 4644

31598 12K4 4-L42~ 459(1

54017 331693 1990Q

2(1S()

(15967) 1189 1

( 8) J8 CJ

iOTES TO ACCOFTS



At begmning of year



At end of year

Amortisation

-t begmnmg of year





10031004 20011003 pound(HIO (000

5235Cl -tSA2shy O~126 -)-~

1 ~n ~

I-U30) 153)

282 (1 S9)


14 Rlvtnue Reserves

Opemng Balance


Closmg Balance

Cashflnw














(J4)

(20)

(28 )

15~43

IPno (15CJ(7)

129(J3)

(3

( I (5117 I

34

4174

~

-

4(141

963 118Q) )

(2Y8~ )

24

26~8

(]49

J(456

(J lW e(lC) ~

4(

-OTES TO ACCOUTS






Capital Commitmenrs





20032004 20022003

pound000 EOOO

5203

76259

1fC) 610








OTES TO ACCOVlTS
















statements fOOO

SlalC grants 74R6

Sludent ree 6344lt




Intgtfgt5t income

Totl incomc

Deficit for vear

Sllbsidiar~

companies

fOOO

2 (081


(flOO

C(76)

GAAP adj ustmen ts


((lOO (000

( 1(6)

(~9RR)

671

6]7

-2320 jO

C1 74 18870

3590 c118

ilZl

J(



S Taxation







Total

1




(( )NS()f J lgtAnl)

(0lt1 or valnation

At t ()cohcr200)

Additiotls

At

Is 311 21104

i)epncialioll

At 1 Oct(hcr 2(J03

(I Cd

tl) 2(11)1

Nrl hook aim

t I letobe WOJ

It Ill 211()4

fOlllillll((1

Land alld

hllildill~S

CHon

I 7ti6

57(iY

((l3)

379]

(() Ll

273I1U3

27350X

COIIIJlIII(middotr

(qlliplJI(lIt

(000

2(d~59

i23

1 JJ

2J 425

71 II

1434

4X39

EqllipllltlIl

COOO

iltU172 6+31

30514

9Y)()

20]X8

17331


COllstnldioll

ClUW

151)9

54512

109

Total

CIIOO

4IltX() 7Ui7

l) 1Yh2

IlI121

II

312(118

3(1)30








tll 1he lam] ami

~

--

- -

~

~

~

-

-=

shy

- = shy~

7

=-= -

Z

7 ~

~ - lt shy shy shy

shy

Z shy

Z

r X r

-

r

-= oJ c

= 0 ~

= -~-=

ti= ~

shy = =

~

~

t= Z

~

51

- Z ~ lt

0

r-~

(J n r--ltIoc r-

x

v ~ r l j r1 r- if

rr

T M rlt

r = j

= -j =

C

shy -

~ v ~ ~

shy shy

- - -

-0

lt - lt )

Z lt

1 0 x T x)C

F n ~

0middot1 r1~~

r -

r~

lt

0 lr ~ r1 n(1

l r~

ltj~






COOO COOO


( lthcr

3450




Incorporated




Brcnard Limited


At Ie Press Limited


11 Stocks

Consumables


Prindplil activity



11 gallery

Leasing or lands

PublIshing

Dornnnt

Interest 0 0

J00

100

100

100

1(lOo

Consolidated

2004 2003 COOO (0110

65


City Chamhers 4

Cork


Clliversity


36


13 Debtors

Trad- debtors



Slale gr~ml reciabk


Other deotiJrs


2(104 2003 2004 200 [000 COOO COOO f(I00

S34 -Li06 67U

601 753 6015 j J0(

1~S26 766 12S~6

11 -- 3 f~ 51 t

lJ

~ q()l --l12(j( ~ ~




20114 2003 2004 2003 COOO COOO [000 C(lOU









200-1 2003 2004 20U3 ((lOO COOO (000 COOO



2004 2003 2004 2003 (000 (000 fOOO (IOU






In fiC y~ar or more

TCHal 6360 1 3400( I ~~ ~





COOO

Other grants and

benefactors (000

Total

COOO

C olsolida ted

At 1 October 2003

BuJldmg~

EJuipment

Tota

414 45677 8-31


Equipment

Tolal

b53-l 153~5 -l U59


Buildmgs

Equipment

TClaj

1449 )

~

9~3

1-1 ---

) iii _) shy

1L~~~


B u ild 1111

Equipmem

T pta I

66639

7(91

600 i 9

-09A

I 6-] ~

14UltC)




(non

t niersity

At 1 October 21Hl3

B uil dlllb

Eqmpmem

Total

Cash received

Buddmggt EqUIpment

TOla


Equipmcl1l

Total )S3

At 30 September 200

Buildll1g~ 61324

EqUlpmcm Tora (~=5


2004 2003 (lOO ((lOU



t W Serlember



3515 -=37(J

81 2149

4465 7i ~

XXh(1

51627 112951

~65(1

6()

Lnjcrsity 200 20()3

f ono C 000

35040




COOO pound1000 ooo

Consolidattd



I ( Septemher 20(14




W Contingencies




2004 2003 2004 2003 (000 (000 COOO (000







Drcflse m creditors









2()l4

CIIOO

12(46) 1C) ~ 21

( 11253 ) (64 0 )

(]3006) f~(24)

15 (3011 11)62

11

( 14 361

2004 (000

301 ( 1(1621

7611

2004 C()(l()

S57 70(1

SC)4T

ISoRO



15 Financing 200-1 (000







539( (21)5021



125 163f()4iTCltal

27 Related parties




8 Pcnsions
















2004 2003










2004 2003 cooo coon

Equities ~ ~5deg iJ 11Q708 800 1~346

Bonds -f ~()(I( 22456 150[0 lfd29


)Clsh 21 O()~() 2]0



PenSlun Deficll




2004 2003 COOO (000


Past SeTyice Cost

Tow Operatmg Charge


follows

2004 2003 (000 COOIl













Contribul1ons

Past servICe costs

1ct J11terest cost

Actuanalloss


2004 2003 (000 (OHO

7101 2305

20018

(24024)

2004 2003 COOO fOOO

(62592 ) (222563 )

(174C)1 ) (1 14)

14068 1C 188

Nil Jl

( 12149) (104 7 9)

(]08T)71







2004 2003 eOHI fOOO

20058 (2632lJl

105 ~ ~ 8deg (

-501 305 39Jn bull 10

11(

(5-222) 111

11A -il

(30163) i24024 I

6deg ( 56 i (1











ExpCl1diflirc











COTEXTS




B-LAlCE SHEET

CASH fLOW STATD1ElT













Professor Vrixon

President



































~otes 20032004 20022013


StJte Grants

S lUdent Fees

Othcr income j

~~320

54205 II ql

~L216

50Jgl

USA 16 12QIO~

1(Cl11

Expenditure








141481gt


j 7 0fnuTLtal 13




-(I~UnOI (21963


Deficit fur Year





BALAiCESHEET


otes

Fixed Assets 1shy

InHstmellts 1 S

Current Assets



SWcb

Current Liahilitils

Bank Overdraft




Rlpreslntld by

General Reserve

Restncted Reserve~

RCcnne Resere~ 24



20032004 pound000

30JJ62

((15124 )

42342

par

20022003

EOOO

5203

191518 r620

1421

1(COWI1~

CASH FLOW STATEMET


oles 20032004

fOliO




Capital Expenditun



Financing

HEA Caplta] Grants




10-S9

37008

202




20022003

fOOO

304

(13323 )

1CJS24 12314

23 JJ6S

~OTES TO ACCOCTS


L State Grants

200312004 EIIHO

20022003 EHOU

RC2urrent Grant

iursmg Grant


~J inor VI orks


6 16 7 (

1-39

- (1f6

10

UI1 ]

Total

Student Fees

ACJdemlC


54120

Total

3 Other Income






M iscdlancoU Income

(49)

407 484

4532 2915

-+35 en 790

TOlal


Research Grants

Total

OTE5 TO ACCOliTS



AademlC

Tedmical


Depanmental Grams

lbceEmeous Epenses

T(1lal


Library Costs


Language Centre


ludl- Ylsual Centre



SpokenOra Imh



Total

- Premises


General Senices


Rent and Rates

Insurance

Costs

Total


Capital Projects

Equipment

Total

Staff Costs fOOO

54746

~S~3

-522

4040

298

1666

106

406

47

391

316

0049

3037

136

on Pay OHIO

12 no

2385 1560

(229

lOO 20

220 (67)

4125

3557 ln-

131 ]CJ

144

144h

201L4

]048

200312004 fOOO

54746

J(~3

522

1200

6425

4151- 1 lt-+-)

206

426

r 611

249

14074

6385 4814

131 15

l544 14t() -

1646

2002 2003

fOliO

49819 ()8(14

6(148

91 ((

55~6

3921

120 45shy

430

18

_ _i

_ shy

263

C

1]76

~036

4489

125

128

1120

----

01ES TO iCCOeirS


Staff Costs f(lOU

on Pay

pound000

200320(14

euroOOO 200220()3

pound000


Admimstration

Expense~


Mi~cellaneous

S3119 i( j

l38(1

S369 833

1380

~l (jCi

cSO_ ~

040

T()tal S311() ~ )(1 ~ liJi22




NTL Capitation


1240 ISO

208 +74

138~

1420

2OiC

474

1315

1822 r

Total ] 240 411 S ~n31

11 Student Services


S lUdent SerTIces

Careers Office



170

515

471

811

366

76

134

lBf

811

M5

59]

fl05

764

600 530

61



PensIOns



Totai ) q 1 - )- ~~

--- 16shy ~




]01 1-5 40 11

~144

141416 129135


1OTES TO ACCOlSrS



I nco Ill(

f(lOO Expenditure

euroO(lO

Surplus

2003i2004

fOOO

Surplus

20022003

(000

Student Residences


D~elopment Account

90 1



~and and Buildmgs

EqUlpment 6048 )39






Resene Account

9(1)

~OTES1UACCOC~1~


Land and

Buildings

pound000

F Fixed Assets


aluallcHi

Ce1st

Total


Drsposals (63)


aluallon ] 77] Cost

Tow]

Depreciation






Et]uipmellt fOOO

11+M

( 137)

819

3933 137

66618

~~ ))1 -p _-shy

Orn7

20032004

pound000

135940

476~Ol

9043

10

110763

~11651

3n5=3g

20022003

euro(HlO

13594C

MOO~

135940

3116 1



res IiIIi rCC

18 Investments

Openin~ balancc ~69


-ddHlons


92043

293

~OTES TO ACCOlliTS



Staff House Lmns

Imernal Balances






Internal Balances


21 Long Term Luans

20032004 f()OO

4~52

12313 110Q4

6640

hl195]

20022003 EOOO

12~276

8528 9064

4302

f12777


General Reserve



State Capital Granb


CapllaJ Donations

Other

Disposab

Amortisatioll







135940 135940

2910 2910

53147 2(1401 7954 5962

3144 ~6S8 4644

31598 12K4 4-L42~ 459(1

54017 331693 1990Q

2(1S()

(15967) 1189 1

( 8) J8 CJ

iOTES TO ACCOFTS



At begmning of year



At end of year

Amortisation

-t begmnmg of year





10031004 20011003 pound(HIO (000

5235Cl -tSA2shy O~126 -)-~

1 ~n ~

I-U30) 153)

282 (1 S9)


14 Rlvtnue Reserves

Opemng Balance


Closmg Balance

Cashflnw














(J4)

(20)

(28 )

15~43

IPno (15CJ(7)

129(J3)

(3

( I (5117 I

34

4174

~

-

4(141

963 118Q) )

(2Y8~ )

24

26~8

(]49

J(456

(J lW e(lC) ~

4(

-OTES TO ACCOUTS






Capital Commitmenrs





20032004 20022003

pound000 EOOO

5203

76259

1fC) 610








OTES TO ACCOVlTS
















statements fOOO

SlalC grants 74R6

Sludent ree 6344lt




Intgtfgt5t income

Totl incomc

Deficit for vear

Sllbsidiar~

companies

fOOO

2 (081


(flOO

C(76)

GAAP adj ustmen ts


((lOO (000

( 1(6)

(~9RR)

671

6]7

-2320 jO

C1 74 18870

3590 c118

ilZl

J(




(( )NS()f J lgtAnl)

(0lt1 or valnation

At t ()cohcr200)

Additiotls

At

Is 311 21104

i)epncialioll

At 1 Oct(hcr 2(J03

(I Cd

tl) 2(11)1

Nrl hook aim

t I letobe WOJ

It Ill 211()4

fOlllillll((1

Land alld

hllildill~S

CHon

I 7ti6

57(iY

((l3)

379]

(() Ll

273I1U3

27350X

COIIIJlIII(middotr

(qlliplJI(lIt

(000

2(d~59

i23

1 JJ

2J 425

71 II

1434

4X39

EqllipllltlIl

COOO

iltU172 6+31

30514

9Y)()

20]X8

17331


COllstnldioll

ClUW

151)9

54512

109

Total

CIIOO

4IltX() 7Ui7

l) 1Yh2

IlI121

II

312(118

3(1)30








tll 1he lam] ami

~

--

- -

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~

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7

=-= -

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shy

Z shy

Z

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= -~-=

ti= ~

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rr

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r = j

= -j =

C

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shy shy

- - -

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Z lt

1 0 x T x)C

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0middot1 r1~~

r -

r~

lt

0 lr ~ r1 n(1

l r~

ltj~






COOO COOO


( lthcr

3450




Incorporated




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At Ie Press Limited


11 Stocks

Consumables


Prindplil activity



11 gallery

Leasing or lands

PublIshing

Dornnnt

Interest 0 0

J00

100

100

100

1(lOo

Consolidated

2004 2003 COOO (0110

65


City Chamhers 4

Cork


Clliversity


36


13 Debtors

Trad- debtors



Slale gr~ml reciabk


Other deotiJrs


2(104 2003 2004 200 [000 COOO COOO f(I00

S34 -Li06 67U

601 753 6015 j J0(

1~S26 766 12S~6

11 -- 3 f~ 51 t

lJ

~ q()l --l12(j( ~ ~




20114 2003 2004 2003 COOO COOO [000 C(lOU









200-1 2003 2004 20U3 ((lOO COOO (000 COOO



2004 2003 2004 2003 (000 (000 fOOO (IOU






In fiC y~ar or more

TCHal 6360 1 3400( I ~~ ~





COOO

Other grants and

benefactors (000

Total

COOO

C olsolida ted

At 1 October 2003

BuJldmg~

EJuipment

Tota

414 45677 8-31


Equipment

Tolal

b53-l 153~5 -l U59


Buildmgs

Equipment

TClaj

1449 )

~

9~3

1-1 ---

) iii _) shy

1L~~~


B u ild 1111

Equipmem

T pta I

66639

7(91

600 i 9

-09A

I 6-] ~

14UltC)




(non

t niersity

At 1 October 21Hl3

B uil dlllb

Eqmpmem

Total

Cash received

Buddmggt EqUIpment

TOla


Equipmcl1l

Total )S3

At 30 September 200

Buildll1g~ 61324

EqUlpmcm Tora (~=5


2004 2003 (lOO ((lOU



t W Serlember



3515 -=37(J

81 2149

4465 7i ~

XXh(1

51627 112951

~65(1

6()

Lnjcrsity 200 20()3

f ono C 000

35040




COOO pound1000 ooo

Consolidattd



I ( Septemher 20(14




W Contingencies




2004 2003 2004 2003 (000 (000 COOO (000







Drcflse m creditors









2()l4

CIIOO

12(46) 1C) ~ 21

( 11253 ) (64 0 )

(]3006) f~(24)

15 (3011 11)62

11

( 14 361

2004 (000

301 ( 1(1621

7611

2004 C()(l()

S57 70(1

SC)4T

ISoRO



15 Financing 200-1 (000







539( (21)5021



125 163f()4iTCltal

27 Related parties




8 Pcnsions
















2004 2003










2004 2003 cooo coon

Equities ~ ~5deg iJ 11Q708 800 1~346

Bonds -f ~()(I( 22456 150[0 lfd29


)Clsh 21 O()~() 2]0



PenSlun Deficll




2004 2003 COOO (000


Past SeTyice Cost

Tow Operatmg Charge


follows

2004 2003 (000 COOIl













Contribul1ons

Past servICe costs

1ct J11terest cost

Actuanalloss


2004 2003 (000 (OHO

7101 2305

20018

(24024)

2004 2003 COOO fOOO

(62592 ) (222563 )

(174C)1 ) (1 14)

14068 1C 188

Nil Jl

( 12149) (104 7 9)

(]08T)71







2004 2003 eOHI fOOO

20058 (2632lJl

105 ~ ~ 8deg (

-501 305 39Jn bull 10

11(

(5-222) 111

11A -il

(30163) i24024 I

6deg ( 56 i (1











ExpCl1diflirc











COTEXTS




B-LAlCE SHEET

CASH fLOW STATD1ElT













Professor Vrixon

President



































~otes 20032004 20022013


StJte Grants

S lUdent Fees

Othcr income j

~~320

54205 II ql

~L216

50Jgl

USA 16 12QIO~

1(Cl11

Expenditure








141481gt


j 7 0fnuTLtal 13




-(I~UnOI (21963


Deficit fur Year





BALAiCESHEET


otes

Fixed Assets 1shy

InHstmellts 1 S

Current Assets



SWcb

Current Liahilitils

Bank Overdraft




Rlpreslntld by

General Reserve

Restncted Reserve~

RCcnne Resere~ 24



20032004 pound000

30JJ62

((15124 )

42342

par

20022003

EOOO

5203

191518 r620

1421

1(COWI1~

CASH FLOW STATEMET


oles 20032004

fOliO




Capital Expenditun



Financing

HEA Caplta] Grants




10-S9

37008

202




20022003

fOOO

304

(13323 )

1CJS24 12314

23 JJ6S

~OTES TO ACCOCTS


L State Grants

200312004 EIIHO

20022003 EHOU

RC2urrent Grant

iursmg Grant


~J inor VI orks


6 16 7 (

1-39

- (1f6

10

UI1 ]

Total

Student Fees

ACJdemlC


54120

Total

3 Other Income






M iscdlancoU Income

(49)

407 484

4532 2915

-+35 en 790

TOlal


Research Grants

Total

OTE5 TO ACCOliTS



AademlC

Tedmical


Depanmental Grams

lbceEmeous Epenses

T(1lal


Library Costs


Language Centre


ludl- Ylsual Centre



SpokenOra Imh



Total

- Premises


General Senices


Rent and Rates

Insurance

Costs

Total


Capital Projects

Equipment

Total

Staff Costs fOOO

54746

~S~3

-522

4040

298

1666

106

406

47

391

316

0049

3037

136

on Pay OHIO

12 no

2385 1560

(229

lOO 20

220 (67)

4125

3557 ln-

131 ]CJ

144

144h

201L4

]048

200312004 fOOO

54746

J(~3

522

1200

6425

4151- 1 lt-+-)

206

426

r 611

249

14074

6385 4814

131 15

l544 14t() -

1646

2002 2003

fOliO

49819 ()8(14

6(148

91 ((

55~6

3921

120 45shy

430

18

_ _i

_ shy

263

C

1]76

~036

4489

125

128

1120

----

01ES TO iCCOeirS


Staff Costs f(lOU

on Pay

pound000

200320(14

euroOOO 200220()3

pound000


Admimstration

Expense~


Mi~cellaneous

S3119 i( j

l38(1

S369 833

1380

~l (jCi

cSO_ ~

040

T()tal S311() ~ )(1 ~ liJi22




NTL Capitation


1240 ISO

208 +74

138~

1420

2OiC

474

1315

1822 r

Total ] 240 411 S ~n31

11 Student Services


S lUdent SerTIces

Careers Office



170

515

471

811

366

76

134

lBf

811

M5

59]

fl05

764

600 530

61



PensIOns



Totai ) q 1 - )- ~~

--- 16shy ~




]01 1-5 40 11

~144

141416 129135


1OTES TO ACCOlSrS



I nco Ill(

f(lOO Expenditure

euroO(lO

Surplus

2003i2004

fOOO

Surplus

20022003

(000

Student Residences


D~elopment Account

90 1



~and and Buildmgs

EqUlpment 6048 )39






Resene Account

9(1)

~OTES1UACCOC~1~


Land and

Buildings

pound000

F Fixed Assets


aluallcHi

Ce1st

Total


Drsposals (63)


aluallon ] 77] Cost

Tow]

Depreciation






Et]uipmellt fOOO

11+M

( 137)

819

3933 137

66618

~~ ))1 -p _-shy

Orn7

20032004

pound000

135940

476~Ol

9043

10

110763

~11651

3n5=3g

20022003

euro(HlO

13594C

MOO~

135940

3116 1



res IiIIi rCC

18 Investments

Openin~ balancc ~69


-ddHlons


92043

293

~OTES TO ACCOlliTS



Staff House Lmns

Imernal Balances






Internal Balances


21 Long Term Luans

20032004 f()OO

4~52

12313 110Q4

6640

hl195]

20022003 EOOO

12~276

8528 9064

4302

f12777


General Reserve



State Capital Granb


CapllaJ Donations

Other

Disposab

Amortisatioll







135940 135940

2910 2910

53147 2(1401 7954 5962

3144 ~6S8 4644

31598 12K4 4-L42~ 459(1

54017 331693 1990Q

2(1S()

(15967) 1189 1

( 8) J8 CJ

iOTES TO ACCOFTS



At begmning of year



At end of year

Amortisation

-t begmnmg of year





10031004 20011003 pound(HIO (000

5235Cl -tSA2shy O~126 -)-~

1 ~n ~

I-U30) 153)

282 (1 S9)


14 Rlvtnue Reserves

Opemng Balance


Closmg Balance

Cashflnw














(J4)

(20)

(28 )

15~43

IPno (15CJ(7)

129(J3)

(3

( I (5117 I

34

4174

~

-

4(141

963 118Q) )

(2Y8~ )

24

26~8

(]49

J(456

(J lW e(lC) ~

4(

-OTES TO ACCOUTS






Capital Commitmenrs





20032004 20022003

pound000 EOOO

5203

76259

1fC) 610








OTES TO ACCOVlTS
















statements fOOO

SlalC grants 74R6

Sludent ree 6344lt




Intgtfgt5t income

Totl incomc

Deficit for vear

Sllbsidiar~

companies

fOOO

2 (081


(flOO

C(76)

GAAP adj ustmen ts


((lOO (000

( 1(6)

(~9RR)

671

6]7

-2320 jO

C1 74 18870

3590 c118

ilZl

J(

--

- -

~

~

~

-

-=

shy

- = shy~

7

=-= -

Z

7 ~

~ - lt shy shy shy

shy

Z shy

Z

r X r

-

r

-= oJ c

= 0 ~

= -~-=

ti= ~

shy = =

~

~

t= Z

~

51

- Z ~ lt

0

r-~

(J n r--ltIoc r-

x

v ~ r l j r1 r- if

rr

T M rlt

r = j

= -j =

C

shy -

~ v ~ ~

shy shy

- - -

-0

lt - lt )

Z lt

1 0 x T x)C

F n ~

0middot1 r1~~

r -

r~

lt

0 lr ~ r1 n(1

l r~

ltj~






COOO COOO


( lthcr

3450




Incorporated




Brcnard Limited


At Ie Press Limited


11 Stocks

Consumables


Prindplil activity



11 gallery

Leasing or lands

PublIshing

Dornnnt

Interest 0 0

J00

100

100

100

1(lOo

Consolidated

2004 2003 COOO (0110

65


City Chamhers 4

Cork


Clliversity


36


13 Debtors

Trad- debtors



Slale gr~ml reciabk


Other deotiJrs


2(104 2003 2004 200 [000 COOO COOO f(I00

S34 -Li06 67U

601 753 6015 j J0(

1~S26 766 12S~6

11 -- 3 f~ 51 t

lJ

~ q()l --l12(j( ~ ~




20114 2003 2004 2003 COOO COOO [000 C(lOU









200-1 2003 2004 20U3 ((lOO COOO (000 COOO



2004 2003 2004 2003 (000 (000 fOOO (IOU






In fiC y~ar or more

TCHal 6360 1 3400( I ~~ ~





COOO

Other grants and

benefactors (000

Total

COOO

C olsolida ted

At 1 October 2003

BuJldmg~

EJuipment

Tota

414 45677 8-31


Equipment

Tolal

b53-l 153~5 -l U59


Buildmgs

Equipment

TClaj

1449 )

~

9~3

1-1 ---

) iii _) shy

1L~~~


B u ild 1111

Equipmem

T pta I

66639

7(91

600 i 9

-09A

I 6-] ~

14UltC)




(non

t niersity

At 1 October 21Hl3

B uil dlllb

Eqmpmem

Total

Cash received

Buddmggt EqUIpment

TOla


Equipmcl1l

Total )S3

At 30 September 200

Buildll1g~ 61324

EqUlpmcm Tora (~=5


2004 2003 (lOO ((lOU



t W Serlember



3515 -=37(J

81 2149

4465 7i ~

XXh(1

51627 112951

~65(1

6()

Lnjcrsity 200 20()3

f ono C 000

35040




COOO pound1000 ooo

Consolidattd



I ( Septemher 20(14




W Contingencies




2004 2003 2004 2003 (000 (000 COOO (000







Drcflse m creditors









2()l4

CIIOO

12(46) 1C) ~ 21

( 11253 ) (64 0 )

(]3006) f~(24)

15 (3011 11)62

11

( 14 361

2004 (000

301 ( 1(1621

7611

2004 C()(l()

S57 70(1

SC)4T

ISoRO



15 Financing 200-1 (000







539( (21)5021



125 163f()4iTCltal

27 Related parties




8 Pcnsions
















2004 2003










2004 2003 cooo coon

Equities ~ ~5deg iJ 11Q708 800 1~346

Bonds -f ~()(I( 22456 150[0 lfd29


)Clsh 21 O()~() 2]0



PenSlun Deficll




2004 2003 COOO (000


Past SeTyice Cost

Tow Operatmg Charge


follows

2004 2003 (000 COOIl













Contribul1ons

Past servICe costs

1ct J11terest cost

Actuanalloss


2004 2003 (000 (OHO

7101 2305

20018

(24024)

2004 2003 COOO fOOO

(62592 ) (222563 )

(174C)1 ) (1 14)

14068 1C 188

Nil Jl

( 12149) (104 7 9)

(]08T)71







2004 2003 eOHI fOOO

20058 (2632lJl

105 ~ ~ 8deg (

-501 305 39Jn bull 10

11(

(5-222) 111

11A -il

(30163) i24024 I

6deg ( 56 i (1











ExpCl1diflirc











COTEXTS




B-LAlCE SHEET

CASH fLOW STATD1ElT













Professor Vrixon

President



































~otes 20032004 20022013


StJte Grants

S lUdent Fees

Othcr income j

~~320

54205 II ql

~L216

50Jgl

USA 16 12QIO~

1(Cl11

Expenditure








141481gt


j 7 0fnuTLtal 13




-(I~UnOI (21963


Deficit fur Year





BALAiCESHEET


otes

Fixed Assets 1shy

InHstmellts 1 S

Current Assets



SWcb

Current Liahilitils

Bank Overdraft




Rlpreslntld by

General Reserve

Restncted Reserve~

RCcnne Resere~ 24



20032004 pound000

30JJ62

((15124 )

42342

par

20022003

EOOO

5203

191518 r620

1421

1(COWI1~

CASH FLOW STATEMET


oles 20032004

fOliO




Capital Expenditun



Financing

HEA Caplta] Grants




10-S9

37008

202




20022003

fOOO

304

(13323 )

1CJS24 12314

23 JJ6S

~OTES TO ACCOCTS


L State Grants

200312004 EIIHO

20022003 EHOU

RC2urrent Grant

iursmg Grant


~J inor VI orks


6 16 7 (

1-39

- (1f6

10

UI1 ]

Total

Student Fees

ACJdemlC


54120

Total

3 Other Income






M iscdlancoU Income

(49)

407 484

4532 2915

-+35 en 790

TOlal


Research Grants

Total

OTE5 TO ACCOliTS



AademlC

Tedmical


Depanmental Grams

lbceEmeous Epenses

T(1lal


Library Costs


Language Centre


ludl- Ylsual Centre



SpokenOra Imh



Total

- Premises


General Senices


Rent and Rates

Insurance

Costs

Total


Capital Projects

Equipment

Total

Staff Costs fOOO

54746

~S~3

-522

4040

298

1666

106

406

47

391

316

0049

3037

136

on Pay OHIO

12 no

2385 1560

(229

lOO 20

220 (67)

4125

3557 ln-

131 ]CJ

144

144h

201L4

]048

200312004 fOOO

54746

J(~3

522

1200

6425

4151- 1 lt-+-)

206

426

r 611

249

14074

6385 4814

131 15

l544 14t() -

1646

2002 2003

fOliO

49819 ()8(14

6(148

91 ((

55~6

3921

120 45shy

430

18

_ _i

_ shy

263

C

1]76

~036

4489

125

128

1120

----

01ES TO iCCOeirS


Staff Costs f(lOU

on Pay

pound000

200320(14

euroOOO 200220()3

pound000


Admimstration

Expense~


Mi~cellaneous

S3119 i( j

l38(1

S369 833

1380

~l (jCi

cSO_ ~

040

T()tal S311() ~ )(1 ~ liJi22




NTL Capitation


1240 ISO

208 +74

138~

1420

2OiC

474

1315

1822 r

Total ] 240 411 S ~n31

11 Student Services


S lUdent SerTIces

Careers Office



170

515

471

811

366

76

134

lBf

811

M5

59]

fl05

764

600 530

61



PensIOns



Totai ) q 1 - )- ~~

--- 16shy ~




]01 1-5 40 11

~144

141416 129135


1OTES TO ACCOlSrS



I nco Ill(

f(lOO Expenditure

euroO(lO

Surplus

2003i2004

fOOO

Surplus

20022003

(000

Student Residences


D~elopment Account

90 1



~and and Buildmgs

EqUlpment 6048 )39






Resene Account

9(1)

~OTES1UACCOC~1~


Land and

Buildings

pound000

F Fixed Assets


aluallcHi

Ce1st

Total


Drsposals (63)


aluallon ] 77] Cost

Tow]

Depreciation






Et]uipmellt fOOO

11+M

( 137)

819

3933 137

66618

~~ ))1 -p _-shy

Orn7

20032004

pound000

135940

476~Ol

9043

10

110763

~11651

3n5=3g

20022003

euro(HlO

13594C

MOO~

135940

3116 1



res IiIIi rCC

18 Investments

Openin~ balancc ~69


-ddHlons


92043

293

~OTES TO ACCOlliTS



Staff House Lmns

Imernal Balances






Internal Balances


21 Long Term Luans

20032004 f()OO

4~52

12313 110Q4

6640

hl195]

20022003 EOOO

12~276

8528 9064

4302

f12777


General Reserve



State Capital Granb


CapllaJ Donations

Other

Disposab

Amortisatioll







135940 135940

2910 2910

53147 2(1401 7954 5962

3144 ~6S8 4644

31598 12K4 4-L42~ 459(1

54017 331693 1990Q

2(1S()

(15967) 1189 1

( 8) J8 CJ

iOTES TO ACCOFTS



At begmning of year



At end of year

Amortisation

-t begmnmg of year





10031004 20011003 pound(HIO (000

5235Cl -tSA2shy O~126 -)-~

1 ~n ~

I-U30) 153)

282 (1 S9)


14 Rlvtnue Reserves

Opemng Balance


Closmg Balance

Cashflnw














(J4)

(20)

(28 )

15~43

IPno (15CJ(7)

129(J3)

(3

( I (5117 I

34

4174

~

-

4(141

963 118Q) )

(2Y8~ )

24

26~8

(]49

J(456

(J lW e(lC) ~

4(

-OTES TO ACCOUTS






Capital Commitmenrs





20032004 20022003

pound000 EOOO

5203

76259

1fC) 610








OTES TO ACCOVlTS
















statements fOOO

SlalC grants 74R6

Sludent ree 6344lt




Intgtfgt5t income

Totl incomc

Deficit for vear

Sllbsidiar~

companies

fOOO

2 (081


(flOO

C(76)

GAAP adj ustmen ts


((lOO (000

( 1(6)

(~9RR)

671

6]7

-2320 jO

C1 74 18870

3590 c118

ilZl

J(






COOO COOO


( lthcr

3450




Incorporated




Brcnard Limited


At Ie Press Limited


11 Stocks

Consumables


Prindplil activity



11 gallery

Leasing or lands

PublIshing

Dornnnt

Interest 0 0

J00

100

100

100

1(lOo

Consolidated

2004 2003 COOO (0110

65


City Chamhers 4

Cork


Clliversity


36


13 Debtors

Trad- debtors



Slale gr~ml reciabk


Other deotiJrs


2(104 2003 2004 200 [000 COOO COOO f(I00

S34 -Li06 67U

601 753 6015 j J0(

1~S26 766 12S~6

11 -- 3 f~ 51 t

lJ

~ q()l --l12(j( ~ ~




20114 2003 2004 2003 COOO COOO [000 C(lOU









200-1 2003 2004 20U3 ((lOO COOO (000 COOO



2004 2003 2004 2003 (000 (000 fOOO (IOU






In fiC y~ar or more

TCHal 6360 1 3400( I ~~ ~





COOO

Other grants and

benefactors (000

Total

COOO

C olsolida ted

At 1 October 2003

BuJldmg~

EJuipment

Tota

414 45677 8-31


Equipment

Tolal

b53-l 153~5 -l U59


Buildmgs

Equipment

TClaj

1449 )

~

9~3

1-1 ---

) iii _) shy

1L~~~


B u ild 1111

Equipmem

T pta I

66639

7(91

600 i 9

-09A

I 6-] ~

14UltC)




(non

t niersity

At 1 October 21Hl3

B uil dlllb

Eqmpmem

Total

Cash received

Buddmggt EqUIpment

TOla


Equipmcl1l

Total )S3

At 30 September 200

Buildll1g~ 61324

EqUlpmcm Tora (~=5


2004 2003 (lOO ((lOU



t W Serlember



3515 -=37(J

81 2149

4465 7i ~

XXh(1

51627 112951

~65(1

6()

Lnjcrsity 200 20()3

f ono C 000

35040




COOO pound1000 ooo

Consolidattd



I ( Septemher 20(14




W Contingencies




2004 2003 2004 2003 (000 (000 COOO (000







Drcflse m creditors









2()l4

CIIOO

12(46) 1C) ~ 21

( 11253 ) (64 0 )

(]3006) f~(24)

15 (3011 11)62

11

( 14 361

2004 (000

301 ( 1(1621

7611

2004 C()(l()

S57 70(1

SC)4T

ISoRO



15 Financing 200-1 (000







539( (21)5021



125 163f()4iTCltal

27 Related parties




8 Pcnsions
















2004 2003










2004 2003 cooo coon

Equities ~ ~5deg iJ 11Q708 800 1~346

Bonds -f ~()(I( 22456 150[0 lfd29


)Clsh 21 O()~() 2]0



PenSlun Deficll




2004 2003 COOO (000


Past SeTyice Cost

Tow Operatmg Charge


follows

2004 2003 (000 COOIl













Contribul1ons

Past servICe costs

1ct J11terest cost

Actuanalloss


2004 2003 (000 (OHO

7101 2305

20018

(24024)

2004 2003 COOO fOOO

(62592 ) (222563 )

(174C)1 ) (1 14)

14068 1C 188

Nil Jl

( 12149) (104 7 9)

(]08T)71







2004 2003 eOHI fOOO

20058 (2632lJl

105 ~ ~ 8deg (

-501 305 39Jn bull 10

11(

(5-222) 111

11A -il

(30163) i24024 I

6deg ( 56 i (1











ExpCl1diflirc











COTEXTS




B-LAlCE SHEET

CASH fLOW STATD1ElT













Professor Vrixon

President



































~otes 20032004 20022013


StJte Grants

S lUdent Fees

Othcr income j

~~320

54205 II ql

~L216

50Jgl

USA 16 12QIO~

1(Cl11

Expenditure








141481gt


j 7 0fnuTLtal 13




-(I~UnOI (21963


Deficit fur Year





BALAiCESHEET


otes

Fixed Assets 1shy

InHstmellts 1 S

Current Assets



SWcb

Current Liahilitils

Bank Overdraft




Rlpreslntld by

General Reserve

Restncted Reserve~

RCcnne Resere~ 24



20032004 pound000

30JJ62

((15124 )

42342

par

20022003

EOOO

5203

191518 r620

1421

1(COWI1~

CASH FLOW STATEMET


oles 20032004

fOliO




Capital Expenditun



Financing

HEA Caplta] Grants




10-S9

37008

202




20022003

fOOO

304

(13323 )

1CJS24 12314

23 JJ6S

~OTES TO ACCOCTS


L State Grants

200312004 EIIHO

20022003 EHOU

RC2urrent Grant

iursmg Grant


~J inor VI orks


6 16 7 (

1-39

- (1f6

10

UI1 ]

Total

Student Fees

ACJdemlC


54120

Total

3 Other Income






M iscdlancoU Income

(49)

407 484

4532 2915

-+35 en 790

TOlal


Research Grants

Total

OTE5 TO ACCOliTS



AademlC

Tedmical


Depanmental Grams

lbceEmeous Epenses

T(1lal


Library Costs


Language Centre


ludl- Ylsual Centre



SpokenOra Imh



Total

- Premises


General Senices


Rent and Rates

Insurance

Costs

Total


Capital Projects

Equipment

Total

Staff Costs fOOO

54746

~S~3

-522

4040

298

1666

106

406

47

391

316

0049

3037

136

on Pay OHIO

12 no

2385 1560

(229

lOO 20

220 (67)

4125

3557 ln-

131 ]CJ

144

144h

201L4

]048

200312004 fOOO

54746

J(~3

522

1200

6425

4151- 1 lt-+-)

206

426

r 611

249

14074

6385 4814

131 15

l544 14t() -

1646

2002 2003

fOliO

49819 ()8(14

6(148

91 ((

55~6

3921

120 45shy

430

18

_ _i

_ shy

263

C

1]76

~036

4489

125

128

1120

----

01ES TO iCCOeirS


Staff Costs f(lOU

on Pay

pound000

200320(14

euroOOO 200220()3

pound000


Admimstration

Expense~


Mi~cellaneous

S3119 i( j

l38(1

S369 833

1380

~l (jCi

cSO_ ~

040

T()tal S311() ~ )(1 ~ liJi22




NTL Capitation


1240 ISO

208 +74

138~

1420

2OiC

474

1315

1822 r

Total ] 240 411 S ~n31

11 Student Services


S lUdent SerTIces

Careers Office



170

515

471

811

366

76

134

lBf

811

M5

59]

fl05

764

600 530

61



PensIOns



Totai ) q 1 - )- ~~

--- 16shy ~




]01 1-5 40 11

~144

141416 129135


1OTES TO ACCOlSrS



I nco Ill(

f(lOO Expenditure

euroO(lO

Surplus

2003i2004

fOOO

Surplus

20022003

(000

Student Residences


D~elopment Account

90 1



~and and Buildmgs

EqUlpment 6048 )39






Resene Account

9(1)

~OTES1UACCOC~1~


Land and

Buildings

pound000

F Fixed Assets


aluallcHi

Ce1st

Total


Drsposals (63)


aluallon ] 77] Cost

Tow]

Depreciation






Et]uipmellt fOOO

11+M

( 137)

819

3933 137

66618

~~ ))1 -p _-shy

Orn7

20032004

pound000

135940

476~Ol

9043

10

110763

~11651

3n5=3g

20022003

euro(HlO

13594C

MOO~

135940

3116 1



res IiIIi rCC

18 Investments

Openin~ balancc ~69


-ddHlons


92043

293

~OTES TO ACCOlliTS



Staff House Lmns

Imernal Balances






Internal Balances


21 Long Term Luans

20032004 f()OO

4~52

12313 110Q4

6640

hl195]

20022003 EOOO

12~276

8528 9064

4302

f12777


General Reserve



State Capital Granb


CapllaJ Donations

Other

Disposab

Amortisatioll







135940 135940

2910 2910

53147 2(1401 7954 5962

3144 ~6S8 4644

31598 12K4 4-L42~ 459(1

54017 331693 1990Q

2(1S()

(15967) 1189 1

( 8) J8 CJ

iOTES TO ACCOFTS



At begmning of year



At end of year

Amortisation

-t begmnmg of year





10031004 20011003 pound(HIO (000

5235Cl -tSA2shy O~126 -)-~

1 ~n ~

I-U30) 153)

282 (1 S9)


14 Rlvtnue Reserves

Opemng Balance


Closmg Balance

Cashflnw














(J4)

(20)

(28 )

15~43

IPno (15CJ(7)

129(J3)

(3

( I (5117 I

34

4174

~

-

4(141

963 118Q) )

(2Y8~ )

24

26~8

(]49

J(456

(J lW e(lC) ~

4(

-OTES TO ACCOUTS






Capital Commitmenrs





20032004 20022003

pound000 EOOO

5203

76259

1fC) 610








OTES TO ACCOVlTS
















statements fOOO

SlalC grants 74R6

Sludent ree 6344lt




Intgtfgt5t income

Totl incomc

Deficit for vear

Sllbsidiar~

companies

fOOO

2 (081


(flOO

C(76)

GAAP adj ustmen ts


((lOO (000

( 1(6)

(~9RR)

671

6]7

-2320 jO

C1 74 18870

3590 c118

ilZl

J(




20114 2003 2004 2003 COOO COOO [000 C(lOU









200-1 2003 2004 20U3 ((lOO COOO (000 COOO



2004 2003 2004 2003 (000 (000 fOOO (IOU






In fiC y~ar or more

TCHal 6360 1 3400( I ~~ ~





COOO

Other grants and

benefactors (000

Total

COOO

C olsolida ted

At 1 October 2003

BuJldmg~

EJuipment

Tota

414 45677 8-31


Equipment

Tolal

b53-l 153~5 -l U59


Buildmgs

Equipment

TClaj

1449 )

~

9~3

1-1 ---

) iii _) shy

1L~~~


B u ild 1111

Equipmem

T pta I

66639

7(91

600 i 9

-09A

I 6-] ~

14UltC)




(non

t niersity

At 1 October 21Hl3

B uil dlllb

Eqmpmem

Total

Cash received

Buddmggt EqUIpment

TOla


Equipmcl1l

Total )S3

At 30 September 200

Buildll1g~ 61324

EqUlpmcm Tora (~=5


2004 2003 (lOO ((lOU



t W Serlember



3515 -=37(J

81 2149

4465 7i ~

XXh(1

51627 112951

~65(1

6()

Lnjcrsity 200 20()3

f ono C 000

35040




COOO pound1000 ooo

Consolidattd



I ( Septemher 20(14




W Contingencies




2004 2003 2004 2003 (000 (000 COOO (000







Drcflse m creditors









2()l4

CIIOO

12(46) 1C) ~ 21

( 11253 ) (64 0 )

(]3006) f~(24)

15 (3011 11)62

11

( 14 361

2004 (000

301 ( 1(1621

7611

2004 C()(l()

S57 70(1

SC)4T

ISoRO



15 Financing 200-1 (000







539( (21)5021



125 163f()4iTCltal

27 Related parties




8 Pcnsions
















2004 2003










2004 2003 cooo coon

Equities ~ ~5deg iJ 11Q708 800 1~346

Bonds -f ~()(I( 22456 150[0 lfd29


)Clsh 21 O()~() 2]0



PenSlun Deficll




2004 2003 COOO (000


Past SeTyice Cost

Tow Operatmg Charge


follows

2004 2003 (000 COOIl













Contribul1ons

Past servICe costs

1ct J11terest cost

Actuanalloss


2004 2003 (000 (OHO

7101 2305

20018

(24024)

2004 2003 COOO fOOO

(62592 ) (222563 )

(174C)1 ) (1 14)

14068 1C 188

Nil Jl

( 12149) (104 7 9)

(]08T)71







2004 2003 eOHI fOOO

20058 (2632lJl

105 ~ ~ 8deg (

-501 305 39Jn bull 10

11(

(5-222) 111

11A -il

(30163) i24024 I

6deg ( 56 i (1











ExpCl1diflirc











COTEXTS




B-LAlCE SHEET

CASH fLOW STATD1ElT













Professor Vrixon

President



































~otes 20032004 20022013


StJte Grants

S lUdent Fees

Othcr income j

~~320

54205 II ql

~L216

50Jgl

USA 16 12QIO~

1(Cl11

Expenditure








141481gt


j 7 0fnuTLtal 13




-(I~UnOI (21963


Deficit fur Year





BALAiCESHEET


otes

Fixed Assets 1shy

InHstmellts 1 S

Current Assets



SWcb

Current Liahilitils

Bank Overdraft




Rlpreslntld by

General Reserve

Restncted Reserve~

RCcnne Resere~ 24



20032004 pound000

30JJ62

((15124 )

42342

par

20022003

EOOO

5203

191518 r620

1421

1(COWI1~

CASH FLOW STATEMET


oles 20032004

fOliO




Capital Expenditun



Financing

HEA Caplta] Grants




10-S9

37008

202




20022003

fOOO

304

(13323 )

1CJS24 12314

23 JJ6S

~OTES TO ACCOCTS


L State Grants

200312004 EIIHO

20022003 EHOU

RC2urrent Grant

iursmg Grant


~J inor VI orks


6 16 7 (

1-39

- (1f6

10

UI1 ]

Total

Student Fees

ACJdemlC


54120

Total

3 Other Income






M iscdlancoU Income

(49)

407 484

4532 2915

-+35 en 790

TOlal


Research Grants

Total

OTE5 TO ACCOliTS



AademlC

Tedmical


Depanmental Grams

lbceEmeous Epenses

T(1lal


Library Costs


Language Centre


ludl- Ylsual Centre



SpokenOra Imh



Total

- Premises


General Senices


Rent and Rates

Insurance

Costs

Total


Capital Projects

Equipment

Total

Staff Costs fOOO

54746

~S~3

-522

4040

298

1666

106

406

47

391

316

0049

3037

136

on Pay OHIO

12 no

2385 1560

(229

lOO 20

220 (67)

4125

3557 ln-

131 ]CJ

144

144h

201L4

]048

200312004 fOOO

54746

J(~3

522

1200

6425

4151- 1 lt-+-)

206

426

r 611

249

14074

6385 4814

131 15

l544 14t() -

1646

2002 2003

fOliO

49819 ()8(14

6(148

91 ((

55~6

3921

120 45shy

430

18

_ _i

_ shy

263

C

1]76

~036

4489

125

128

1120

----

01ES TO iCCOeirS


Staff Costs f(lOU

on Pay

pound000

200320(14

euroOOO 200220()3

pound000


Admimstration

Expense~


Mi~cellaneous

S3119 i( j

l38(1

S369 833

1380

~l (jCi

cSO_ ~

040

T()tal S311() ~ )(1 ~ liJi22




NTL Capitation


1240 ISO

208 +74

138~

1420

2OiC

474

1315

1822 r

Total ] 240 411 S ~n31

11 Student Services


S lUdent SerTIces

Careers Office



170

515

471

811

366

76

134

lBf

811

M5

59]

fl05

764

600 530

61



PensIOns



Totai ) q 1 - )- ~~

--- 16shy ~




]01 1-5 40 11

~144

141416 129135


1OTES TO ACCOlSrS



I nco Ill(

f(lOO Expenditure

euroO(lO

Surplus

2003i2004

fOOO

Surplus

20022003

(000

Student Residences


D~elopment Account

90 1



~and and Buildmgs

EqUlpment 6048 )39






Resene Account

9(1)

~OTES1UACCOC~1~


Land and

Buildings

pound000

F Fixed Assets


aluallcHi

Ce1st

Total


Drsposals (63)


aluallon ] 77] Cost

Tow]

Depreciation






Et]uipmellt fOOO

11+M

( 137)

819

3933 137

66618

~~ ))1 -p _-shy

Orn7

20032004

pound000

135940

476~Ol

9043

10

110763

~11651

3n5=3g

20022003

euro(HlO

13594C

MOO~

135940

3116 1



res IiIIi rCC

18 Investments

Openin~ balancc ~69


-ddHlons


92043

293

~OTES TO ACCOlliTS



Staff House Lmns

Imernal Balances






Internal Balances


21 Long Term Luans

20032004 f()OO

4~52

12313 110Q4

6640

hl195]

20022003 EOOO

12~276

8528 9064

4302

f12777


General Reserve



State Capital Granb


CapllaJ Donations

Other

Disposab

Amortisatioll







135940 135940

2910 2910

53147 2(1401 7954 5962

3144 ~6S8 4644

31598 12K4 4-L42~ 459(1

54017 331693 1990Q

2(1S()

(15967) 1189 1

( 8) J8 CJ

iOTES TO ACCOFTS



At begmning of year



At end of year

Amortisation

-t begmnmg of year





10031004 20011003 pound(HIO (000

5235Cl -tSA2shy O~126 -)-~

1 ~n ~

I-U30) 153)

282 (1 S9)


14 Rlvtnue Reserves

Opemng Balance


Closmg Balance

Cashflnw














(J4)

(20)

(28 )

15~43

IPno (15CJ(7)

129(J3)

(3

( I (5117 I

34

4174

~

-

4(141

963 118Q) )

(2Y8~ )

24

26~8

(]49

J(456

(J lW e(lC) ~

4(

-OTES TO ACCOUTS






Capital Commitmenrs





20032004 20022003

pound000 EOOO

5203

76259

1fC) 610








OTES TO ACCOVlTS
















statements fOOO

SlalC grants 74R6

Sludent ree 6344lt




Intgtfgt5t income

Totl incomc

Deficit for vear

Sllbsidiar~

companies

fOOO

2 (081


(flOO

C(76)

GAAP adj ustmen ts


((lOO (000

( 1(6)

(~9RR)

671

6]7

-2320 jO

C1 74 18870

3590 c118

ilZl

J(




COOO

Other grants and

benefactors (000

Total

COOO

C olsolida ted

At 1 October 2003

BuJldmg~

EJuipment

Tota

414 45677 8-31


Equipment

Tolal

b53-l 153~5 -l U59


Buildmgs

Equipment

TClaj

1449 )

~

9~3

1-1 ---

) iii _) shy

1L~~~


B u ild 1111

Equipmem

T pta I

66639

7(91

600 i 9

-09A

I 6-] ~

14UltC)




(non

t niersity

At 1 October 21Hl3

B uil dlllb

Eqmpmem

Total

Cash received

Buddmggt EqUIpment

TOla


Equipmcl1l

Total )S3

At 30 September 200

Buildll1g~ 61324

EqUlpmcm Tora (~=5


2004 2003 (lOO ((lOU



t W Serlember



3515 -=37(J

81 2149

4465 7i ~

XXh(1

51627 112951

~65(1

6()

Lnjcrsity 200 20()3

f ono C 000

35040




COOO pound1000 ooo

Consolidattd



I ( Septemher 20(14




W Contingencies




2004 2003 2004 2003 (000 (000 COOO (000







Drcflse m creditors









2()l4

CIIOO

12(46) 1C) ~ 21

( 11253 ) (64 0 )

(]3006) f~(24)

15 (3011 11)62

11

( 14 361

2004 (000

301 ( 1(1621

7611

2004 C()(l()

S57 70(1

SC)4T

ISoRO



15 Financing 200-1 (000







539( (21)5021



125 163f()4iTCltal

27 Related parties




8 Pcnsions
















2004 2003










2004 2003 cooo coon

Equities ~ ~5deg iJ 11Q708 800 1~346

Bonds -f ~()(I( 22456 150[0 lfd29


)Clsh 21 O()~() 2]0



PenSlun Deficll




2004 2003 COOO (000


Past SeTyice Cost

Tow Operatmg Charge


follows

2004 2003 (000 COOIl













Contribul1ons

Past servICe costs

1ct J11terest cost

Actuanalloss


2004 2003 (000 (OHO

7101 2305

20018

(24024)

2004 2003 COOO fOOO

(62592 ) (222563 )

(174C)1 ) (1 14)

14068 1C 188

Nil Jl

( 12149) (104 7 9)

(]08T)71







2004 2003 eOHI fOOO

20058 (2632lJl

105 ~ ~ 8deg (

-501 305 39Jn bull 10

11(

(5-222) 111

11A -il

(30163) i24024 I

6deg ( 56 i (1











ExpCl1diflirc











COTEXTS




B-LAlCE SHEET

CASH fLOW STATD1ElT













Professor Vrixon

President



































~otes 20032004 20022013


StJte Grants

S lUdent Fees

Othcr income j

~~320

54205 II ql

~L216

50Jgl

USA 16 12QIO~

1(Cl11

Expenditure








141481gt


j 7 0fnuTLtal 13




-(I~UnOI (21963


Deficit fur Year





BALAiCESHEET


otes

Fixed Assets 1shy

InHstmellts 1 S

Current Assets



SWcb

Current Liahilitils

Bank Overdraft




Rlpreslntld by

General Reserve

Restncted Reserve~

RCcnne Resere~ 24



20032004 pound000

30JJ62

((15124 )

42342

par

20022003

EOOO

5203

191518 r620

1421

1(COWI1~

CASH FLOW STATEMET


oles 20032004

fOliO




Capital Expenditun



Financing

HEA Caplta] Grants




10-S9

37008

202




20022003

fOOO

304

(13323 )

1CJS24 12314

23 JJ6S

~OTES TO ACCOCTS


L State Grants

200312004 EIIHO

20022003 EHOU

RC2urrent Grant

iursmg Grant


~J inor VI orks


6 16 7 (

1-39

- (1f6

10

UI1 ]

Total

Student Fees

ACJdemlC


54120

Total

3 Other Income






M iscdlancoU Income

(49)

407 484

4532 2915

-+35 en 790

TOlal


Research Grants

Total

OTE5 TO ACCOliTS



AademlC

Tedmical


Depanmental Grams

lbceEmeous Epenses

T(1lal


Library Costs


Language Centre


ludl- Ylsual Centre



SpokenOra Imh



Total

- Premises


General Senices


Rent and Rates

Insurance

Costs

Total


Capital Projects

Equipment

Total

Staff Costs fOOO

54746

~S~3

-522

4040

298

1666

106

406

47

391

316

0049

3037

136

on Pay OHIO

12 no

2385 1560

(229

lOO 20

220 (67)

4125

3557 ln-

131 ]CJ

144

144h

201L4

]048

200312004 fOOO

54746

J(~3

522

1200

6425

4151- 1 lt-+-)

206

426

r 611

249

14074

6385 4814

131 15

l544 14t() -

1646

2002 2003

fOliO

49819 ()8(14

6(148

91 ((

55~6

3921

120 45shy

430

18

_ _i

_ shy

263

C

1]76

~036

4489

125

128

1120

----

01ES TO iCCOeirS


Staff Costs f(lOU

on Pay

pound000

200320(14

euroOOO 200220()3

pound000


Admimstration

Expense~


Mi~cellaneous

S3119 i( j

l38(1

S369 833

1380

~l (jCi

cSO_ ~

040

T()tal S311() ~ )(1 ~ liJi22




NTL Capitation


1240 ISO

208 +74

138~

1420

2OiC

474

1315

1822 r

Total ] 240 411 S ~n31

11 Student Services


S lUdent SerTIces

Careers Office



170

515

471

811

366

76

134

lBf

811

M5

59]

fl05

764

600 530

61



PensIOns



Totai ) q 1 - )- ~~

--- 16shy ~




]01 1-5 40 11

~144

141416 129135


1OTES TO ACCOlSrS



I nco Ill(

f(lOO Expenditure

euroO(lO

Surplus

2003i2004

fOOO

Surplus

20022003

(000

Student Residences


D~elopment Account

90 1



~and and Buildmgs

EqUlpment 6048 )39






Resene Account

9(1)

~OTES1UACCOC~1~


Land and

Buildings

pound000

F Fixed Assets


aluallcHi

Ce1st

Total


Drsposals (63)


aluallon ] 77] Cost

Tow]

Depreciation






Et]uipmellt fOOO

11+M

( 137)

819

3933 137

66618

~~ ))1 -p _-shy

Orn7

20032004

pound000

135940

476~Ol

9043

10

110763

~11651

3n5=3g

20022003

euro(HlO

13594C

MOO~

135940

3116 1



res IiIIi rCC

18 Investments

Openin~ balancc ~69


-ddHlons


92043

293

~OTES TO ACCOlliTS



Staff House Lmns

Imernal Balances






Internal Balances


21 Long Term Luans

20032004 f()OO

4~52

12313 110Q4

6640

hl195]

20022003 EOOO

12~276

8528 9064

4302

f12777


General Reserve



State Capital Granb


CapllaJ Donations

Other

Disposab

Amortisatioll







135940 135940

2910 2910

53147 2(1401 7954 5962

3144 ~6S8 4644

31598 12K4 4-L42~ 459(1

54017 331693 1990Q

2(1S()

(15967) 1189 1

( 8) J8 CJ

iOTES TO ACCOFTS



At begmning of year



At end of year

Amortisation

-t begmnmg of year





10031004 20011003 pound(HIO (000

5235Cl -tSA2shy O~126 -)-~

1 ~n ~

I-U30) 153)

282 (1 S9)


14 Rlvtnue Reserves

Opemng Balance


Closmg Balance

Cashflnw














(J4)

(20)

(28 )

15~43

IPno (15CJ(7)

129(J3)

(3

( I (5117 I

34

4174

~

-

4(141

963 118Q) )

(2Y8~ )

24

26~8

(]49

J(456

(J lW e(lC) ~

4(

-OTES TO ACCOUTS






Capital Commitmenrs





20032004 20022003

pound000 EOOO

5203

76259

1fC) 610








OTES TO ACCOVlTS
















statements fOOO

SlalC grants 74R6

Sludent ree 6344lt




Intgtfgt5t income

Totl incomc

Deficit for vear

Sllbsidiar~

companies

fOOO

2 (081


(flOO

C(76)

GAAP adj ustmen ts


((lOO (000

( 1(6)

(~9RR)

671

6]7

-2320 jO

C1 74 18870

3590 c118

ilZl

J(




(non

t niersity

At 1 October 21Hl3

B uil dlllb

Eqmpmem

Total

Cash received

Buddmggt EqUIpment

TOla


Equipmcl1l

Total )S3

At 30 September 200

Buildll1g~ 61324

EqUlpmcm Tora (~=5


2004 2003 (lOO ((lOU



t W Serlember



3515 -=37(J

81 2149

4465 7i ~

XXh(1

51627 112951

~65(1

6()

Lnjcrsity 200 20()3

f ono C 000

35040




COOO pound1000 ooo

Consolidattd



I ( Septemher 20(14




W Contingencies




2004 2003 2004 2003 (000 (000 COOO (000







Drcflse m creditors









2()l4

CIIOO

12(46) 1C) ~ 21

( 11253 ) (64 0 )

(]3006) f~(24)

15 (3011 11)62

11

( 14 361

2004 (000

301 ( 1(1621

7611

2004 C()(l()

S57 70(1

SC)4T

ISoRO



15 Financing 200-1 (000







539( (21)5021



125 163f()4iTCltal

27 Related parties




8 Pcnsions
















2004 2003










2004 2003 cooo coon

Equities ~ ~5deg iJ 11Q708 800 1~346

Bonds -f ~()(I( 22456 150[0 lfd29


)Clsh 21 O()~() 2]0



PenSlun Deficll




2004 2003 COOO (000


Past SeTyice Cost

Tow Operatmg Charge


follows

2004 2003 (000 COOIl













Contribul1ons

Past servICe costs

1ct J11terest cost

Actuanalloss


2004 2003 (000 (OHO

7101 2305

20018

(24024)

2004 2003 COOO fOOO

(62592 ) (222563 )

(174C)1 ) (1 14)

14068 1C 188

Nil Jl

( 12149) (104 7 9)

(]08T)71







2004 2003 eOHI fOOO

20058 (2632lJl

105 ~ ~ 8deg (

-501 305 39Jn bull 10

11(

(5-222) 111

11A -il

(30163) i24024 I

6deg ( 56 i (1











ExpCl1diflirc











COTEXTS




B-LAlCE SHEET

CASH fLOW STATD1ElT













Professor Vrixon

President



































~otes 20032004 20022013


StJte Grants

S lUdent Fees

Othcr income j

~~320

54205 II ql

~L216

50Jgl

USA 16 12QIO~

1(Cl11

Expenditure








141481gt


j 7 0fnuTLtal 13




-(I~UnOI (21963


Deficit fur Year





BALAiCESHEET


otes

Fixed Assets 1shy

InHstmellts 1 S

Current Assets



SWcb

Current Liahilitils

Bank Overdraft




Rlpreslntld by

General Reserve

Restncted Reserve~

RCcnne Resere~ 24



20032004 pound000

30JJ62

((15124 )

42342

par

20022003

EOOO

5203

191518 r620

1421

1(COWI1~

CASH FLOW STATEMET


oles 20032004

fOliO




Capital Expenditun



Financing

HEA Caplta] Grants




10-S9

37008

202




20022003

fOOO

304

(13323 )

1CJS24 12314

23 JJ6S

~OTES TO ACCOCTS


L State Grants

200312004 EIIHO

20022003 EHOU

RC2urrent Grant

iursmg Grant


~J inor VI orks


6 16 7 (

1-39

- (1f6

10

UI1 ]

Total

Student Fees

ACJdemlC


54120

Total

3 Other Income






M iscdlancoU Income

(49)

407 484

4532 2915

-+35 en 790

TOlal


Research Grants

Total

OTE5 TO ACCOliTS



AademlC

Tedmical


Depanmental Grams

lbceEmeous Epenses

T(1lal


Library Costs


Language Centre


ludl- Ylsual Centre



SpokenOra Imh



Total

- Premises


General Senices


Rent and Rates

Insurance

Costs

Total


Capital Projects

Equipment

Total

Staff Costs fOOO

54746

~S~3

-522

4040

298

1666

106

406

47

391

316

0049

3037

136

on Pay OHIO

12 no

2385 1560

(229

lOO 20

220 (67)

4125

3557 ln-

131 ]CJ

144

144h

201L4

]048

200312004 fOOO

54746

J(~3

522

1200

6425

4151- 1 lt-+-)

206

426

r 611

249

14074

6385 4814

131 15

l544 14t() -

1646

2002 2003

fOliO

49819 ()8(14

6(148

91 ((

55~6

3921

120 45shy

430

18

_ _i

_ shy

263

C

1]76

~036

4489

125

128

1120

----

01ES TO iCCOeirS


Staff Costs f(lOU

on Pay

pound000

200320(14

euroOOO 200220()3

pound000


Admimstration

Expense~


Mi~cellaneous

S3119 i( j

l38(1

S369 833

1380

~l (jCi

cSO_ ~

040

T()tal S311() ~ )(1 ~ liJi22




NTL Capitation


1240 ISO

208 +74

138~

1420

2OiC

474

1315

1822 r

Total ] 240 411 S ~n31

11 Student Services


S lUdent SerTIces

Careers Office



170

515

471

811

366

76

134

lBf

811

M5

59]

fl05

764

600 530

61



PensIOns



Totai ) q 1 - )- ~~

--- 16shy ~




]01 1-5 40 11

~144

141416 129135


1OTES TO ACCOlSrS



I nco Ill(

f(lOO Expenditure

euroO(lO

Surplus

2003i2004

fOOO

Surplus

20022003

(000

Student Residences


D~elopment Account

90 1



~and and Buildmgs

EqUlpment 6048 )39






Resene Account

9(1)

~OTES1UACCOC~1~


Land and

Buildings

pound000

F Fixed Assets


aluallcHi

Ce1st

Total


Drsposals (63)


aluallon ] 77] Cost

Tow]

Depreciation






Et]uipmellt fOOO

11+M

( 137)

819

3933 137

66618

~~ ))1 -p _-shy

Orn7

20032004

pound000

135940

476~Ol

9043

10

110763

~11651

3n5=3g

20022003

euro(HlO

13594C

MOO~

135940

3116 1



res IiIIi rCC

18 Investments

Openin~ balancc ~69


-ddHlons


92043

293

~OTES TO ACCOlliTS



Staff House Lmns

Imernal Balances






Internal Balances


21 Long Term Luans

20032004 f()OO

4~52

12313 110Q4

6640

hl195]

20022003 EOOO

12~276

8528 9064

4302

f12777


General Reserve



State Capital Granb


CapllaJ Donations

Other

Disposab

Amortisatioll







135940 135940

2910 2910

53147 2(1401 7954 5962

3144 ~6S8 4644

31598 12K4 4-L42~ 459(1

54017 331693 1990Q

2(1S()

(15967) 1189 1

( 8) J8 CJ

iOTES TO ACCOFTS



At begmning of year



At end of year

Amortisation

-t begmnmg of year





10031004 20011003 pound(HIO (000

5235Cl -tSA2shy O~126 -)-~

1 ~n ~

I-U30) 153)

282 (1 S9)


14 Rlvtnue Reserves

Opemng Balance


Closmg Balance

Cashflnw














(J4)

(20)

(28 )

15~43

IPno (15CJ(7)

129(J3)

(3

( I (5117 I

34

4174

~

-

4(141

963 118Q) )

(2Y8~ )

24

26~8

(]49

J(456

(J lW e(lC) ~

4(

-OTES TO ACCOUTS






Capital Commitmenrs





20032004 20022003

pound000 EOOO

5203

76259

1fC) 610








OTES TO ACCOVlTS
















statements fOOO

SlalC grants 74R6

Sludent ree 6344lt




Intgtfgt5t income

Totl incomc

Deficit for vear

Sllbsidiar~

companies

fOOO

2 (081


(flOO

C(76)

GAAP adj ustmen ts


((lOO (000

( 1(6)

(~9RR)

671

6]7

-2320 jO

C1 74 18870

3590 c118

ilZl

J(




COOO pound1000 ooo

Consolidattd



I ( Septemher 20(14




W Contingencies




2004 2003 2004 2003 (000 (000 COOO (000







Drcflse m creditors









2()l4

CIIOO

12(46) 1C) ~ 21

( 11253 ) (64 0 )

(]3006) f~(24)

15 (3011 11)62

11

( 14 361

2004 (000

301 ( 1(1621

7611

2004 C()(l()

S57 70(1

SC)4T

ISoRO



15 Financing 200-1 (000







539( (21)5021



125 163f()4iTCltal

27 Related parties




8 Pcnsions
















2004 2003










2004 2003 cooo coon

Equities ~ ~5deg iJ 11Q708 800 1~346

Bonds -f ~()(I( 22456 150[0 lfd29


)Clsh 21 O()~() 2]0



PenSlun Deficll




2004 2003 COOO (000


Past SeTyice Cost

Tow Operatmg Charge


follows

2004 2003 (000 COOIl













Contribul1ons

Past servICe costs

1ct J11terest cost

Actuanalloss


2004 2003 (000 (OHO

7101 2305

20018

(24024)

2004 2003 COOO fOOO

(62592 ) (222563 )

(174C)1 ) (1 14)

14068 1C 188

Nil Jl

( 12149) (104 7 9)

(]08T)71







2004 2003 eOHI fOOO

20058 (2632lJl

105 ~ ~ 8deg (

-501 305 39Jn bull 10

11(

(5-222) 111

11A -il

(30163) i24024 I

6deg ( 56 i (1











ExpCl1diflirc











COTEXTS




B-LAlCE SHEET

CASH fLOW STATD1ElT













Professor Vrixon

President



































~otes 20032004 20022013


StJte Grants

S lUdent Fees

Othcr income j

~~320

54205 II ql

~L216

50Jgl

USA 16 12QIO~

1(Cl11

Expenditure








141481gt


j 7 0fnuTLtal 13




-(I~UnOI (21963


Deficit fur Year





BALAiCESHEET


otes

Fixed Assets 1shy

InHstmellts 1 S

Current Assets



SWcb

Current Liahilitils

Bank Overdraft




Rlpreslntld by

General Reserve

Restncted Reserve~

RCcnne Resere~ 24



20032004 pound000

30JJ62

((15124 )

42342

par

20022003

EOOO

5203

191518 r620

1421

1(COWI1~

CASH FLOW STATEMET


oles 20032004

fOliO




Capital Expenditun



Financing

HEA Caplta] Grants




10-S9

37008

202




20022003

fOOO

304

(13323 )

1CJS24 12314

23 JJ6S

~OTES TO ACCOCTS


L State Grants

200312004 EIIHO

20022003 EHOU

RC2urrent Grant

iursmg Grant


~J inor VI orks


6 16 7 (

1-39

- (1f6

10

UI1 ]

Total

Student Fees

ACJdemlC


54120

Total

3 Other Income






M iscdlancoU Income

(49)

407 484

4532 2915

-+35 en 790

TOlal


Research Grants

Total

OTE5 TO ACCOliTS



AademlC

Tedmical


Depanmental Grams

lbceEmeous Epenses

T(1lal


Library Costs


Language Centre


ludl- Ylsual Centre



SpokenOra Imh



Total

- Premises


General Senices


Rent and Rates

Insurance

Costs

Total


Capital Projects

Equipment

Total

Staff Costs fOOO

54746

~S~3

-522

4040

298

1666

106

406

47

391

316

0049

3037

136

on Pay OHIO

12 no

2385 1560

(229

lOO 20

220 (67)

4125

3557 ln-

131 ]CJ

144

144h

201L4

]048

200312004 fOOO

54746

J(~3

522

1200

6425

4151- 1 lt-+-)

206

426

r 611

249

14074

6385 4814

131 15

l544 14t() -

1646

2002 2003

fOliO

49819 ()8(14

6(148

91 ((

55~6

3921

120 45shy

430

18

_ _i

_ shy

263

C

1]76

~036

4489

125

128

1120

----

01ES TO iCCOeirS


Staff Costs f(lOU

on Pay

pound000

200320(14

euroOOO 200220()3

pound000


Admimstration

Expense~


Mi~cellaneous

S3119 i( j

l38(1

S369 833

1380

~l (jCi

cSO_ ~

040

T()tal S311() ~ )(1 ~ liJi22




NTL Capitation


1240 ISO

208 +74

138~

1420

2OiC

474

1315

1822 r

Total ] 240 411 S ~n31

11 Student Services


S lUdent SerTIces

Careers Office



170

515

471

811

366

76

134

lBf

811

M5

59]

fl05

764

600 530

61



PensIOns



Totai ) q 1 - )- ~~

--- 16shy ~




]01 1-5 40 11

~144

141416 129135


1OTES TO ACCOlSrS



I nco Ill(

f(lOO Expenditure

euroO(lO

Surplus

2003i2004

fOOO

Surplus

20022003

(000

Student Residences


D~elopment Account

90 1



~and and Buildmgs

EqUlpment 6048 )39






Resene Account

9(1)

~OTES1UACCOC~1~


Land and

Buildings

pound000

F Fixed Assets


aluallcHi

Ce1st

Total


Drsposals (63)


aluallon ] 77] Cost

Tow]

Depreciation






Et]uipmellt fOOO

11+M

( 137)

819

3933 137

66618

~~ ))1 -p _-shy

Orn7

20032004

pound000

135940

476~Ol

9043

10

110763

~11651

3n5=3g

20022003

euro(HlO

13594C

MOO~

135940

3116 1



res IiIIi rCC

18 Investments

Openin~ balancc ~69


-ddHlons


92043

293

~OTES TO ACCOlliTS



Staff House Lmns

Imernal Balances






Internal Balances


21 Long Term Luans

20032004 f()OO

4~52

12313 110Q4

6640

hl195]

20022003 EOOO

12~276

8528 9064

4302

f12777


General Reserve



State Capital Granb


CapllaJ Donations

Other

Disposab

Amortisatioll







135940 135940

2910 2910

53147 2(1401 7954 5962

3144 ~6S8 4644

31598 12K4 4-L42~ 459(1

54017 331693 1990Q

2(1S()

(15967) 1189 1

( 8) J8 CJ

iOTES TO ACCOFTS



At begmning of year



At end of year

Amortisation

-t begmnmg of year





10031004 20011003 pound(HIO (000

5235Cl -tSA2shy O~126 -)-~

1 ~n ~

I-U30) 153)

282 (1 S9)


14 Rlvtnue Reserves

Opemng Balance


Closmg Balance

Cashflnw














(J4)

(20)

(28 )

15~43

IPno (15CJ(7)

129(J3)

(3

( I (5117 I

34

4174

~

-

4(141

963 118Q) )

(2Y8~ )

24

26~8

(]49

J(456

(J lW e(lC) ~

4(

-OTES TO ACCOUTS






Capital Commitmenrs





20032004 20022003

pound000 EOOO

5203

76259

1fC) 610








OTES TO ACCOVlTS
















statements fOOO

SlalC grants 74R6

Sludent ree 6344lt




Intgtfgt5t income

Totl incomc

Deficit for vear

Sllbsidiar~

companies

fOOO

2 (081


(flOO

C(76)

GAAP adj ustmen ts


((lOO (000

( 1(6)

(~9RR)

671

6]7

-2320 jO

C1 74 18870

3590 c118

ilZl

J(





Drcflse m creditors









2()l4

CIIOO

12(46) 1C) ~ 21

( 11253 ) (64 0 )

(]3006) f~(24)

15 (3011 11)62

11

( 14 361

2004 (000

301 ( 1(1621

7611

2004 C()(l()

S57 70(1

SC)4T

ISoRO



15 Financing 200-1 (000







539( (21)5021



125 163f()4iTCltal

27 Related parties




8 Pcnsions
















2004 2003










2004 2003 cooo coon

Equities ~ ~5deg iJ 11Q708 800 1~346

Bonds -f ~()(I( 22456 150[0 lfd29


)Clsh 21 O()~() 2]0



PenSlun Deficll




2004 2003 COOO (000


Past SeTyice Cost

Tow Operatmg Charge


follows

2004 2003 (000 COOIl













Contribul1ons

Past servICe costs

1ct J11terest cost

Actuanalloss


2004 2003 (000 (OHO

7101 2305

20018

(24024)

2004 2003 COOO fOOO

(62592 ) (222563 )

(174C)1 ) (1 14)

14068 1C 188

Nil Jl

( 12149) (104 7 9)

(]08T)71







2004 2003 eOHI fOOO

20058 (2632lJl

105 ~ ~ 8deg (

-501 305 39Jn bull 10

11(

(5-222) 111

11A -il

(30163) i24024 I

6deg ( 56 i (1











ExpCl1diflirc











COTEXTS




B-LAlCE SHEET

CASH fLOW STATD1ElT













Professor Vrixon

President



































~otes 20032004 20022013


StJte Grants

S lUdent Fees

Othcr income j

~~320

54205 II ql

~L216

50Jgl

USA 16 12QIO~

1(Cl11

Expenditure








141481gt


j 7 0fnuTLtal 13




-(I~UnOI (21963


Deficit fur Year





BALAiCESHEET


otes

Fixed Assets 1shy

InHstmellts 1 S

Current Assets



SWcb

Current Liahilitils

Bank Overdraft




Rlpreslntld by

General Reserve

Restncted Reserve~

RCcnne Resere~ 24



20032004 pound000

30JJ62

((15124 )

42342

par

20022003

EOOO

5203

191518 r620

1421

1(COWI1~

CASH FLOW STATEMET


oles 20032004

fOliO




Capital Expenditun



Financing

HEA Caplta] Grants




10-S9

37008

202




20022003

fOOO

304

(13323 )

1CJS24 12314

23 JJ6S

~OTES TO ACCOCTS


L State Grants

200312004 EIIHO

20022003 EHOU

RC2urrent Grant

iursmg Grant


~J inor VI orks


6 16 7 (

1-39

- (1f6

10

UI1 ]

Total

Student Fees

ACJdemlC


54120

Total

3 Other Income






M iscdlancoU Income

(49)

407 484

4532 2915

-+35 en 790

TOlal


Research Grants

Total

OTE5 TO ACCOliTS



AademlC

Tedmical


Depanmental Grams

lbceEmeous Epenses

T(1lal


Library Costs


Language Centre


ludl- Ylsual Centre



SpokenOra Imh



Total

- Premises


General Senices


Rent and Rates

Insurance

Costs

Total


Capital Projects

Equipment

Total

Staff Costs fOOO

54746

~S~3

-522

4040

298

1666

106

406

47

391

316

0049

3037

136

on Pay OHIO

12 no

2385 1560

(229

lOO 20

220 (67)

4125

3557 ln-

131 ]CJ

144

144h

201L4

]048

200312004 fOOO

54746

J(~3

522

1200

6425

4151- 1 lt-+-)

206

426

r 611

249

14074

6385 4814

131 15

l544 14t() -

1646

2002 2003

fOliO

49819 ()8(14

6(148

91 ((

55~6

3921

120 45shy

430

18

_ _i

_ shy

263

C

1]76

~036

4489

125

128

1120

----

01ES TO iCCOeirS


Staff Costs f(lOU

on Pay

pound000

200320(14

euroOOO 200220()3

pound000


Admimstration

Expense~


Mi~cellaneous

S3119 i( j

l38(1

S369 833

1380

~l (jCi

cSO_ ~

040

T()tal S311() ~ )(1 ~ liJi22




NTL Capitation


1240 ISO

208 +74

138~

1420

2OiC

474

1315

1822 r

Total ] 240 411 S ~n31

11 Student Services


S lUdent SerTIces

Careers Office



170

515

471

811

366

76

134

lBf

811

M5

59]

fl05

764

600 530

61



PensIOns



Totai ) q 1 - )- ~~

--- 16shy ~




]01 1-5 40 11

~144

141416 129135


1OTES TO ACCOlSrS



I nco Ill(

f(lOO Expenditure

euroO(lO

Surplus

2003i2004

fOOO

Surplus

20022003

(000

Student Residences


D~elopment Account

90 1



~and and Buildmgs

EqUlpment 6048 )39






Resene Account

9(1)

~OTES1UACCOC~1~


Land and

Buildings

pound000

F Fixed Assets


aluallcHi

Ce1st

Total


Drsposals (63)


aluallon ] 77] Cost

Tow]

Depreciation






Et]uipmellt fOOO

11+M

( 137)

819

3933 137

66618

~~ ))1 -p _-shy

Orn7

20032004

pound000

135940

476~Ol

9043

10

110763

~11651

3n5=3g

20022003

euro(HlO

13594C

MOO~

135940

3116 1



res IiIIi rCC

18 Investments

Openin~ balancc ~69


-ddHlons


92043

293

~OTES TO ACCOlliTS



Staff House Lmns

Imernal Balances






Internal Balances


21 Long Term Luans

20032004 f()OO

4~52

12313 110Q4

6640

hl195]

20022003 EOOO

12~276

8528 9064

4302

f12777


General Reserve



State Capital Granb


CapllaJ Donations

Other

Disposab

Amortisatioll







135940 135940

2910 2910

53147 2(1401 7954 5962

3144 ~6S8 4644

31598 12K4 4-L42~ 459(1

54017 331693 1990Q

2(1S()

(15967) 1189 1

( 8) J8 CJ

iOTES TO ACCOFTS



At begmning of year



At end of year

Amortisation

-t begmnmg of year





10031004 20011003 pound(HIO (000

5235Cl -tSA2shy O~126 -)-~

1 ~n ~

I-U30) 153)

282 (1 S9)


14 Rlvtnue Reserves

Opemng Balance


Closmg Balance

Cashflnw














(J4)

(20)

(28 )

15~43

IPno (15CJ(7)

129(J3)

(3

( I (5117 I

34

4174

~

-

4(141

963 118Q) )

(2Y8~ )

24

26~8

(]49

J(456

(J lW e(lC) ~

4(

-OTES TO ACCOUTS






Capital Commitmenrs





20032004 20022003

pound000 EOOO

5203

76259

1fC) 610








OTES TO ACCOVlTS
















statements fOOO

SlalC grants 74R6

Sludent ree 6344lt




Intgtfgt5t income

Totl incomc

Deficit for vear

Sllbsidiar~

companies

fOOO

2 (081


(flOO

C(76)

GAAP adj ustmen ts


((lOO (000

( 1(6)

(~9RR)

671

6]7

-2320 jO

C1 74 18870

3590 c118

ilZl

J(



15 Financing 200-1 (000







539( (21)5021



125 163f()4iTCltal

27 Related parties




8 Pcnsions
















2004 2003










2004 2003 cooo coon

Equities ~ ~5deg iJ 11Q708 800 1~346

Bonds -f ~()(I( 22456 150[0 lfd29


)Clsh 21 O()~() 2]0



PenSlun Deficll




2004 2003 COOO (000


Past SeTyice Cost

Tow Operatmg Charge


follows

2004 2003 (000 COOIl













Contribul1ons

Past servICe costs

1ct J11terest cost

Actuanalloss


2004 2003 (000 (OHO

7101 2305

20018

(24024)

2004 2003 COOO fOOO

(62592 ) (222563 )

(174C)1 ) (1 14)

14068 1C 188

Nil Jl

( 12149) (104 7 9)

(]08T)71







2004 2003 eOHI fOOO

20058 (2632lJl

105 ~ ~ 8deg (

-501 305 39Jn bull 10

11(

(5-222) 111

11A -il

(30163) i24024 I

6deg ( 56 i (1











ExpCl1diflirc











COTEXTS




B-LAlCE SHEET

CASH fLOW STATD1ElT













Professor Vrixon

President



































~otes 20032004 20022013


StJte Grants

S lUdent Fees

Othcr income j

~~320

54205 II ql

~L216

50Jgl

USA 16 12QIO~

1(Cl11

Expenditure








141481gt


j 7 0fnuTLtal 13




-(I~UnOI (21963


Deficit fur Year





BALAiCESHEET


otes

Fixed Assets 1shy

InHstmellts 1 S

Current Assets



SWcb

Current Liahilitils

Bank Overdraft




Rlpreslntld by

General Reserve

Restncted Reserve~

RCcnne Resere~ 24



20032004 pound000

30JJ62

((15124 )

42342

par

20022003

EOOO

5203

191518 r620

1421

1(COWI1~

CASH FLOW STATEMET


oles 20032004

fOliO




Capital Expenditun



Financing

HEA Caplta] Grants




10-S9

37008

202




20022003

fOOO

304

(13323 )

1CJS24 12314

23 JJ6S

~OTES TO ACCOCTS


L State Grants

200312004 EIIHO

20022003 EHOU

RC2urrent Grant

iursmg Grant


~J inor VI orks


6 16 7 (

1-39

- (1f6

10

UI1 ]

Total

Student Fees

ACJdemlC


54120

Total

3 Other Income






M iscdlancoU Income

(49)

407 484

4532 2915

-+35 en 790

TOlal


Research Grants

Total

OTE5 TO ACCOliTS



AademlC

Tedmical


Depanmental Grams

lbceEmeous Epenses

T(1lal


Library Costs


Language Centre


ludl- Ylsual Centre



SpokenOra Imh



Total

- Premises


General Senices


Rent and Rates

Insurance

Costs

Total


Capital Projects

Equipment

Total

Staff Costs fOOO

54746

~S~3

-522

4040

298

1666

106

406

47

391

316

0049

3037

136

on Pay OHIO

12 no

2385 1560

(229

lOO 20

220 (67)

4125

3557 ln-

131 ]CJ

144

144h

201L4

]048

200312004 fOOO

54746

J(~3

522

1200

6425

4151- 1 lt-+-)

206

426

r 611

249

14074

6385 4814

131 15

l544 14t() -

1646

2002 2003

fOliO

49819 ()8(14

6(148

91 ((

55~6

3921

120 45shy

430

18

_ _i

_ shy

263

C

1]76

~036

4489

125

128

1120

----

01ES TO iCCOeirS


Staff Costs f(lOU

on Pay

pound000

200320(14

euroOOO 200220()3

pound000


Admimstration

Expense~


Mi~cellaneous

S3119 i( j

l38(1

S369 833

1380

~l (jCi

cSO_ ~

040

T()tal S311() ~ )(1 ~ liJi22




NTL Capitation


1240 ISO

208 +74

138~

1420

2OiC

474

1315

1822 r

Total ] 240 411 S ~n31

11 Student Services


S lUdent SerTIces

Careers Office



170

515

471

811

366

76

134

lBf

811

M5

59]

fl05

764

600 530

61



PensIOns



Totai ) q 1 - )- ~~

--- 16shy ~




]01 1-5 40 11

~144

141416 129135


1OTES TO ACCOlSrS



I nco Ill(

f(lOO Expenditure

euroO(lO

Surplus

2003i2004

fOOO

Surplus

20022003

(000

Student Residences


D~elopment Account

90 1



~and and Buildmgs

EqUlpment 6048 )39






Resene Account

9(1)

~OTES1UACCOC~1~


Land and

Buildings

pound000

F Fixed Assets


aluallcHi

Ce1st

Total


Drsposals (63)


aluallon ] 77] Cost

Tow]

Depreciation






Et]uipmellt fOOO

11+M

( 137)

819

3933 137

66618

~~ ))1 -p _-shy

Orn7

20032004

pound000

135940

476~Ol

9043

10

110763

~11651

3n5=3g

20022003

euro(HlO

13594C

MOO~

135940

3116 1



res IiIIi rCC

18 Investments

Openin~ balancc ~69


-ddHlons


92043

293

~OTES TO ACCOlliTS



Staff House Lmns

Imernal Balances






Internal Balances


21 Long Term Luans

20032004 f()OO

4~52

12313 110Q4

6640

hl195]

20022003 EOOO

12~276

8528 9064

4302

f12777


General Reserve



State Capital Granb


CapllaJ Donations

Other

Disposab

Amortisatioll







135940 135940

2910 2910

53147 2(1401 7954 5962

3144 ~6S8 4644

31598 12K4 4-L42~ 459(1

54017 331693 1990Q

2(1S()

(15967) 1189 1

( 8) J8 CJ

iOTES TO ACCOFTS



At begmning of year



At end of year

Amortisation

-t begmnmg of year





10031004 20011003 pound(HIO (000

5235Cl -tSA2shy O~126 -)-~

1 ~n ~

I-U30) 153)

282 (1 S9)


14 Rlvtnue Reserves

Opemng Balance


Closmg Balance

Cashflnw














(J4)

(20)

(28 )

15~43

IPno (15CJ(7)

129(J3)

(3

( I (5117 I

34

4174

~

-

4(141

963 118Q) )

(2Y8~ )

24

26~8

(]49

J(456

(J lW e(lC) ~

4(

-OTES TO ACCOUTS






Capital Commitmenrs





20032004 20022003

pound000 EOOO

5203

76259

1fC) 610








OTES TO ACCOVlTS
















statements fOOO

SlalC grants 74R6

Sludent ree 6344lt




Intgtfgt5t income

Totl incomc

Deficit for vear

Sllbsidiar~

companies

fOOO

2 (081


(flOO

C(76)

GAAP adj ustmen ts


((lOO (000

( 1(6)

(~9RR)

671

6]7

-2320 jO

C1 74 18870

3590 c118

ilZl

J(



8 Pcnsions
















2004 2003










2004 2003 cooo coon

Equities ~ ~5deg iJ 11Q708 800 1~346

Bonds -f ~()(I( 22456 150[0 lfd29


)Clsh 21 O()~() 2]0



PenSlun Deficll




2004 2003 COOO (000


Past SeTyice Cost

Tow Operatmg Charge


follows

2004 2003 (000 COOIl













Contribul1ons

Past servICe costs

1ct J11terest cost

Actuanalloss


2004 2003 (000 (OHO

7101 2305

20018

(24024)

2004 2003 COOO fOOO

(62592 ) (222563 )

(174C)1 ) (1 14)

14068 1C 188

Nil Jl

( 12149) (104 7 9)

(]08T)71







2004 2003 eOHI fOOO

20058 (2632lJl

105 ~ ~ 8deg (

-501 305 39Jn bull 10

11(

(5-222) 111

11A -il

(30163) i24024 I

6deg ( 56 i (1











ExpCl1diflirc











COTEXTS




B-LAlCE SHEET

CASH fLOW STATD1ElT













Professor Vrixon

President



































~otes 20032004 20022013


StJte Grants

S lUdent Fees

Othcr income j

~~320

54205 II ql

~L216

50Jgl

USA 16 12QIO~

1(Cl11

Expenditure








141481gt


j 7 0fnuTLtal 13




-(I~UnOI (21963


Deficit fur Year





BALAiCESHEET


otes

Fixed Assets 1shy

InHstmellts 1 S

Current Assets



SWcb

Current Liahilitils

Bank Overdraft




Rlpreslntld by

General Reserve

Restncted Reserve~

RCcnne Resere~ 24



20032004 pound000

30JJ62

((15124 )

42342

par

20022003

EOOO

5203

191518 r620

1421

1(COWI1~

CASH FLOW STATEMET


oles 20032004

fOliO




Capital Expenditun



Financing

HEA Caplta] Grants




10-S9

37008

202




20022003

fOOO

304

(13323 )

1CJS24 12314

23 JJ6S

~OTES TO ACCOCTS


L State Grants

200312004 EIIHO

20022003 EHOU

RC2urrent Grant

iursmg Grant


~J inor VI orks


6 16 7 (

1-39

- (1f6

10

UI1 ]

Total

Student Fees

ACJdemlC


54120

Total

3 Other Income






M iscdlancoU Income

(49)

407 484

4532 2915

-+35 en 790

TOlal


Research Grants

Total

OTE5 TO ACCOliTS



AademlC

Tedmical


Depanmental Grams

lbceEmeous Epenses

T(1lal


Library Costs


Language Centre


ludl- Ylsual Centre



SpokenOra Imh



Total

- Premises


General Senices


Rent and Rates

Insurance

Costs

Total


Capital Projects

Equipment

Total

Staff Costs fOOO

54746

~S~3

-522

4040

298

1666

106

406

47

391

316

0049

3037

136

on Pay OHIO

12 no

2385 1560

(229

lOO 20

220 (67)

4125

3557 ln-

131 ]CJ

144

144h

201L4

]048

200312004 fOOO

54746

J(~3

522

1200

6425

4151- 1 lt-+-)

206

426

r 611

249

14074

6385 4814

131 15

l544 14t() -

1646

2002 2003

fOliO

49819 ()8(14

6(148

91 ((

55~6

3921

120 45shy

430

18

_ _i

_ shy

263

C

1]76

~036

4489

125

128

1120

----

01ES TO iCCOeirS


Staff Costs f(lOU

on Pay

pound000

200320(14

euroOOO 200220()3

pound000


Admimstration

Expense~


Mi~cellaneous

S3119 i( j

l38(1

S369 833

1380

~l (jCi

cSO_ ~

040

T()tal S311() ~ )(1 ~ liJi22




NTL Capitation


1240 ISO

208 +74

138~

1420

2OiC

474

1315

1822 r

Total ] 240 411 S ~n31

11 Student Services


S lUdent SerTIces

Careers Office



170

515

471

811

366

76

134

lBf

811

M5

59]

fl05

764

600 530

61



PensIOns



Totai ) q 1 - )- ~~

--- 16shy ~




]01 1-5 40 11

~144

141416 129135


1OTES TO ACCOlSrS



I nco Ill(

f(lOO Expenditure

euroO(lO

Surplus

2003i2004

fOOO

Surplus

20022003

(000

Student Residences


D~elopment Account

90 1



~and and Buildmgs

EqUlpment 6048 )39






Resene Account

9(1)

~OTES1UACCOC~1~


Land and

Buildings

pound000

F Fixed Assets


aluallcHi

Ce1st

Total


Drsposals (63)


aluallon ] 77] Cost

Tow]

Depreciation






Et]uipmellt fOOO

11+M

( 137)

819

3933 137

66618

~~ ))1 -p _-shy

Orn7

20032004

pound000

135940

476~Ol

9043

10

110763

~11651

3n5=3g

20022003

euro(HlO

13594C

MOO~

135940

3116 1



res IiIIi rCC

18 Investments

Openin~ balancc ~69


-ddHlons


92043

293

~OTES TO ACCOlliTS



Staff House Lmns

Imernal Balances






Internal Balances


21 Long Term Luans

20032004 f()OO

4~52

12313 110Q4

6640

hl195]

20022003 EOOO

12~276

8528 9064

4302

f12777


General Reserve



State Capital Granb


CapllaJ Donations

Other

Disposab

Amortisatioll







135940 135940

2910 2910

53147 2(1401 7954 5962

3144 ~6S8 4644

31598 12K4 4-L42~ 459(1

54017 331693 1990Q

2(1S()

(15967) 1189 1

( 8) J8 CJ

iOTES TO ACCOFTS



At begmning of year



At end of year

Amortisation

-t begmnmg of year





10031004 20011003 pound(HIO (000

5235Cl -tSA2shy O~126 -)-~

1 ~n ~

I-U30) 153)

282 (1 S9)


14 Rlvtnue Reserves

Opemng Balance


Closmg Balance

Cashflnw














(J4)

(20)

(28 )

15~43

IPno (15CJ(7)

129(J3)

(3

( I (5117 I

34

4174

~

-

4(141

963 118Q) )

(2Y8~ )

24

26~8

(]49

J(456

(J lW e(lC) ~

4(

-OTES TO ACCOUTS






Capital Commitmenrs





20032004 20022003

pound000 EOOO

5203

76259

1fC) 610








OTES TO ACCOVlTS
















statements fOOO

SlalC grants 74R6

Sludent ree 6344lt




Intgtfgt5t income

Totl incomc

Deficit for vear

Sllbsidiar~

companies

fOOO

2 (081


(flOO

C(76)

GAAP adj ustmen ts


((lOO (000

( 1(6)

(~9RR)

671

6]7

-2320 jO

C1 74 18870

3590 c118

ilZl

J(





2004 2003 cooo coon

Equities ~ ~5deg iJ 11Q708 800 1~346

Bonds -f ~()(I( 22456 150[0 lfd29


)Clsh 21 O()~() 2]0



PenSlun Deficll




2004 2003 COOO (000


Past SeTyice Cost

Tow Operatmg Charge


follows

2004 2003 (000 COOIl













Contribul1ons

Past servICe costs

1ct J11terest cost

Actuanalloss


2004 2003 (000 (OHO

7101 2305

20018

(24024)

2004 2003 COOO fOOO

(62592 ) (222563 )

(174C)1 ) (1 14)

14068 1C 188

Nil Jl

( 12149) (104 7 9)

(]08T)71







2004 2003 eOHI fOOO

20058 (2632lJl

105 ~ ~ 8deg (

-501 305 39Jn bull 10

11(

(5-222) 111

11A -il

(30163) i24024 I

6deg ( 56 i (1











ExpCl1diflirc











COTEXTS




B-LAlCE SHEET

CASH fLOW STATD1ElT













Professor Vrixon

President



































~otes 20032004 20022013


StJte Grants

S lUdent Fees

Othcr income j

~~320

54205 II ql

~L216

50Jgl

USA 16 12QIO~

1(Cl11

Expenditure








141481gt


j 7 0fnuTLtal 13




-(I~UnOI (21963


Deficit fur Year





BALAiCESHEET


otes

Fixed Assets 1shy

InHstmellts 1 S

Current Assets



SWcb

Current Liahilitils

Bank Overdraft




Rlpreslntld by

General Reserve

Restncted Reserve~

RCcnne Resere~ 24



20032004 pound000

30JJ62

((15124 )

42342

par

20022003

EOOO

5203

191518 r620

1421

1(COWI1~

CASH FLOW STATEMET


oles 20032004

fOliO




Capital Expenditun



Financing

HEA Caplta] Grants




10-S9

37008

202




20022003

fOOO

304

(13323 )

1CJS24 12314

23 JJ6S

~OTES TO ACCOCTS


L State Grants

200312004 EIIHO

20022003 EHOU

RC2urrent Grant

iursmg Grant


~J inor VI orks


6 16 7 (

1-39

- (1f6

10

UI1 ]

Total

Student Fees

ACJdemlC


54120

Total

3 Other Income






M iscdlancoU Income

(49)

407 484

4532 2915

-+35 en 790

TOlal


Research Grants

Total

OTE5 TO ACCOliTS



AademlC

Tedmical


Depanmental Grams

lbceEmeous Epenses

T(1lal


Library Costs


Language Centre


ludl- Ylsual Centre



SpokenOra Imh



Total

- Premises


General Senices


Rent and Rates

Insurance

Costs

Total


Capital Projects

Equipment

Total

Staff Costs fOOO

54746

~S~3

-522

4040

298

1666

106

406

47

391

316

0049

3037

136

on Pay OHIO

12 no

2385 1560

(229

lOO 20

220 (67)

4125

3557 ln-

131 ]CJ

144

144h

201L4

]048

200312004 fOOO

54746

J(~3

522

1200

6425

4151- 1 lt-+-)

206

426

r 611

249

14074

6385 4814

131 15

l544 14t() -

1646

2002 2003

fOliO

49819 ()8(14

6(148

91 ((

55~6

3921

120 45shy

430

18

_ _i

_ shy

263

C

1]76

~036

4489

125

128

1120

----

01ES TO iCCOeirS


Staff Costs f(lOU

on Pay

pound000

200320(14

euroOOO 200220()3

pound000


Admimstration

Expense~


Mi~cellaneous

S3119 i( j

l38(1

S369 833

1380

~l (jCi

cSO_ ~

040

T()tal S311() ~ )(1 ~ liJi22




NTL Capitation


1240 ISO

208 +74

138~

1420

2OiC

474

1315

1822 r

Total ] 240 411 S ~n31

11 Student Services


S lUdent SerTIces

Careers Office



170

515

471

811

366

76

134

lBf

811

M5

59]

fl05

764

600 530

61



PensIOns



Totai ) q 1 - )- ~~

--- 16shy ~




]01 1-5 40 11

~144

141416 129135


1OTES TO ACCOlSrS



I nco Ill(

f(lOO Expenditure

euroO(lO

Surplus

2003i2004

fOOO

Surplus

20022003

(000

Student Residences


D~elopment Account

90 1



~and and Buildmgs

EqUlpment 6048 )39






Resene Account

9(1)

~OTES1UACCOC~1~


Land and

Buildings

pound000

F Fixed Assets


aluallcHi

Ce1st

Total


Drsposals (63)


aluallon ] 77] Cost

Tow]

Depreciation






Et]uipmellt fOOO

11+M

( 137)

819

3933 137

66618

~~ ))1 -p _-shy

Orn7

20032004

pound000

135940

476~Ol

9043

10

110763

~11651

3n5=3g

20022003

euro(HlO

13594C

MOO~

135940

3116 1



res IiIIi rCC

18 Investments

Openin~ balancc ~69


-ddHlons


92043

293

~OTES TO ACCOlliTS



Staff House Lmns

Imernal Balances






Internal Balances


21 Long Term Luans

20032004 f()OO

4~52

12313 110Q4

6640

hl195]

20022003 EOOO

12~276

8528 9064

4302

f12777


General Reserve



State Capital Granb


CapllaJ Donations

Other

Disposab

Amortisatioll







135940 135940

2910 2910

53147 2(1401 7954 5962

3144 ~6S8 4644

31598 12K4 4-L42~ 459(1

54017 331693 1990Q

2(1S()

(15967) 1189 1

( 8) J8 CJ

iOTES TO ACCOFTS



At begmning of year



At end of year

Amortisation

-t begmnmg of year





10031004 20011003 pound(HIO (000

5235Cl -tSA2shy O~126 -)-~

1 ~n ~

I-U30) 153)

282 (1 S9)


14 Rlvtnue Reserves

Opemng Balance


Closmg Balance

Cashflnw














(J4)

(20)

(28 )

15~43

IPno (15CJ(7)

129(J3)

(3

( I (5117 I

34

4174

~

-

4(141

963 118Q) )

(2Y8~ )

24

26~8

(]49

J(456

(J lW e(lC) ~

4(

-OTES TO ACCOUTS






Capital Commitmenrs





20032004 20022003

pound000 EOOO

5203

76259

1fC) 610








OTES TO ACCOVlTS
















statements fOOO

SlalC grants 74R6

Sludent ree 6344lt




Intgtfgt5t income

Totl incomc

Deficit for vear

Sllbsidiar~

companies

fOOO

2 (081


(flOO

C(76)

GAAP adj ustmen ts


((lOO (000

( 1(6)

(~9RR)

671

6]7

-2320 jO

C1 74 18870

3590 c118

ilZl

J(












Contribul1ons

Past servICe costs

1ct J11terest cost

Actuanalloss


2004 2003 (000 (OHO

7101 2305

20018

(24024)

2004 2003 COOO fOOO

(62592 ) (222563 )

(174C)1 ) (1 14)

14068 1C 188

Nil Jl

( 12149) (104 7 9)

(]08T)71







2004 2003 eOHI fOOO

20058 (2632lJl

105 ~ ~ 8deg (

-501 305 39Jn bull 10

11(

(5-222) 111

11A -il

(30163) i24024 I

6deg ( 56 i (1











ExpCl1diflirc











COTEXTS




B-LAlCE SHEET

CASH fLOW STATD1ElT













Professor Vrixon

President



































~otes 20032004 20022013


StJte Grants

S lUdent Fees

Othcr income j

~~320

54205 II ql

~L216

50Jgl

USA 16 12QIO~

1(Cl11

Expenditure








141481gt


j 7 0fnuTLtal 13




-(I~UnOI (21963


Deficit fur Year





BALAiCESHEET


otes

Fixed Assets 1shy

InHstmellts 1 S

Current Assets



SWcb

Current Liahilitils

Bank Overdraft




Rlpreslntld by

General Reserve

Restncted Reserve~

RCcnne Resere~ 24



20032004 pound000

30JJ62

((15124 )

42342

par

20022003

EOOO

5203

191518 r620

1421

1(COWI1~

CASH FLOW STATEMET


oles 20032004

fOliO




Capital Expenditun



Financing

HEA Caplta] Grants




10-S9

37008

202




20022003

fOOO

304

(13323 )

1CJS24 12314

23 JJ6S

~OTES TO ACCOCTS


L State Grants

200312004 EIIHO

20022003 EHOU

RC2urrent Grant

iursmg Grant


~J inor VI orks


6 16 7 (

1-39

- (1f6

10

UI1 ]

Total

Student Fees

ACJdemlC


54120

Total

3 Other Income






M iscdlancoU Income

(49)

407 484

4532 2915

-+35 en 790

TOlal


Research Grants

Total

OTE5 TO ACCOliTS



AademlC

Tedmical


Depanmental Grams

lbceEmeous Epenses

T(1lal


Library Costs


Language Centre


ludl- Ylsual Centre



SpokenOra Imh



Total

- Premises


General Senices


Rent and Rates

Insurance

Costs

Total


Capital Projects

Equipment

Total

Staff Costs fOOO

54746

~S~3

-522

4040

298

1666

106

406

47

391

316

0049

3037

136

on Pay OHIO

12 no

2385 1560

(229

lOO 20

220 (67)

4125

3557 ln-

131 ]CJ

144

144h

201L4

]048

200312004 fOOO

54746

J(~3

522

1200

6425

4151- 1 lt-+-)

206

426

r 611

249

14074

6385 4814

131 15

l544 14t() -

1646

2002 2003

fOliO

49819 ()8(14

6(148

91 ((

55~6

3921

120 45shy

430

18

_ _i

_ shy

263

C

1]76

~036

4489

125

128

1120

----

01ES TO iCCOeirS


Staff Costs f(lOU

on Pay

pound000

200320(14

euroOOO 200220()3

pound000


Admimstration

Expense~


Mi~cellaneous

S3119 i( j

l38(1

S369 833

1380

~l (jCi

cSO_ ~

040

T()tal S311() ~ )(1 ~ liJi22




NTL Capitation


1240 ISO

208 +74

138~

1420

2OiC

474

1315

1822 r

Total ] 240 411 S ~n31

11 Student Services


S lUdent SerTIces

Careers Office



170

515

471

811

366

76

134

lBf

811

M5

59]

fl05

764

600 530

61



PensIOns



Totai ) q 1 - )- ~~

--- 16shy ~




]01 1-5 40 11

~144

141416 129135


1OTES TO ACCOlSrS



I nco Ill(

f(lOO Expenditure

euroO(lO

Surplus

2003i2004

fOOO

Surplus

20022003

(000

Student Residences


D~elopment Account

90 1



~and and Buildmgs

EqUlpment 6048 )39






Resene Account

9(1)

~OTES1UACCOC~1~


Land and

Buildings

pound000

F Fixed Assets


aluallcHi

Ce1st

Total


Drsposals (63)


aluallon ] 77] Cost

Tow]

Depreciation






Et]uipmellt fOOO

11+M

( 137)

819

3933 137

66618

~~ ))1 -p _-shy

Orn7

20032004

pound000

135940

476~Ol

9043

10

110763

~11651

3n5=3g

20022003

euro(HlO

13594C

MOO~

135940

3116 1



res IiIIi rCC

18 Investments

Openin~ balancc ~69


-ddHlons


92043

293

~OTES TO ACCOlliTS



Staff House Lmns

Imernal Balances






Internal Balances


21 Long Term Luans

20032004 f()OO

4~52

12313 110Q4

6640

hl195]

20022003 EOOO

12~276

8528 9064

4302

f12777


General Reserve



State Capital Granb


CapllaJ Donations

Other

Disposab

Amortisatioll







135940 135940

2910 2910

53147 2(1401 7954 5962

3144 ~6S8 4644

31598 12K4 4-L42~ 459(1

54017 331693 1990Q

2(1S()

(15967) 1189 1

( 8) J8 CJ

iOTES TO ACCOFTS



At begmning of year



At end of year

Amortisation

-t begmnmg of year





10031004 20011003 pound(HIO (000

5235Cl -tSA2shy O~126 -)-~

1 ~n ~

I-U30) 153)

282 (1 S9)


14 Rlvtnue Reserves

Opemng Balance


Closmg Balance

Cashflnw














(J4)

(20)

(28 )

15~43

IPno (15CJ(7)

129(J3)

(3

( I (5117 I

34

4174

~

-

4(141

963 118Q) )

(2Y8~ )

24

26~8

(]49

J(456

(J lW e(lC) ~

4(

-OTES TO ACCOUTS






Capital Commitmenrs





20032004 20022003

pound000 EOOO

5203

76259

1fC) 610








OTES TO ACCOVlTS
















statements fOOO

SlalC grants 74R6

Sludent ree 6344lt




Intgtfgt5t income

Totl incomc

Deficit for vear

Sllbsidiar~

companies

fOOO

2 (081


(flOO

C(76)

GAAP adj ustmen ts


((lOO (000

( 1(6)

(~9RR)

671

6]7

-2320 jO

C1 74 18870

3590 c118

ilZl

J(











ExpCl1diflirc











COTEXTS




B-LAlCE SHEET

CASH fLOW STATD1ElT













Professor Vrixon

President



































~otes 20032004 20022013


StJte Grants

S lUdent Fees

Othcr income j

~~320

54205 II ql

~L216

50Jgl

USA 16 12QIO~

1(Cl11

Expenditure








141481gt


j 7 0fnuTLtal 13




-(I~UnOI (21963


Deficit fur Year





BALAiCESHEET


otes

Fixed Assets 1shy

InHstmellts 1 S

Current Assets



SWcb

Current Liahilitils

Bank Overdraft




Rlpreslntld by

General Reserve

Restncted Reserve~

RCcnne Resere~ 24



20032004 pound000

30JJ62

((15124 )

42342

par

20022003

EOOO

5203

191518 r620

1421

1(COWI1~

CASH FLOW STATEMET


oles 20032004

fOliO




Capital Expenditun



Financing

HEA Caplta] Grants




10-S9

37008

202




20022003

fOOO

304

(13323 )

1CJS24 12314

23 JJ6S

~OTES TO ACCOCTS


L State Grants

200312004 EIIHO

20022003 EHOU

RC2urrent Grant

iursmg Grant


~J inor VI orks


6 16 7 (

1-39

- (1f6

10

UI1 ]

Total

Student Fees

ACJdemlC


54120

Total

3 Other Income






M iscdlancoU Income

(49)

407 484

4532 2915

-+35 en 790

TOlal


Research Grants

Total

OTE5 TO ACCOliTS



AademlC

Tedmical


Depanmental Grams

lbceEmeous Epenses

T(1lal


Library Costs


Language Centre


ludl- Ylsual Centre



SpokenOra Imh



Total

- Premises


General Senices


Rent and Rates

Insurance

Costs

Total


Capital Projects

Equipment

Total

Staff Costs fOOO

54746

~S~3

-522

4040

298

1666

106

406

47

391

316

0049

3037

136

on Pay OHIO

12 no

2385 1560

(229

lOO 20

220 (67)

4125

3557 ln-

131 ]CJ

144

144h

201L4

]048

200312004 fOOO

54746

J(~3

522

1200

6425

4151- 1 lt-+-)

206

426

r 611

249

14074

6385 4814

131 15

l544 14t() -

1646

2002 2003

fOliO

49819 ()8(14

6(148

91 ((

55~6

3921

120 45shy

430

18

_ _i

_ shy

263

C

1]76

~036

4489

125

128

1120

----

01ES TO iCCOeirS


Staff Costs f(lOU

on Pay

pound000

200320(14

euroOOO 200220()3

pound000


Admimstration

Expense~


Mi~cellaneous

S3119 i( j

l38(1

S369 833

1380

~l (jCi

cSO_ ~

040

T()tal S311() ~ )(1 ~ liJi22




NTL Capitation


1240 ISO

208 +74

138~

1420

2OiC

474

1315

1822 r

Total ] 240 411 S ~n31

11 Student Services


S lUdent SerTIces

Careers Office



170

515

471

811

366

76

134

lBf

811

M5

59]

fl05

764

600 530

61



PensIOns



Totai ) q 1 - )- ~~

--- 16shy ~




]01 1-5 40 11

~144

141416 129135


1OTES TO ACCOlSrS



I nco Ill(

f(lOO Expenditure

euroO(lO

Surplus

2003i2004

fOOO

Surplus

20022003

(000

Student Residences


D~elopment Account

90 1



~and and Buildmgs

EqUlpment 6048 )39






Resene Account

9(1)

~OTES1UACCOC~1~


Land and

Buildings

pound000

F Fixed Assets


aluallcHi

Ce1st

Total


Drsposals (63)


aluallon ] 77] Cost

Tow]

Depreciation






Et]uipmellt fOOO

11+M

( 137)

819

3933 137

66618

~~ ))1 -p _-shy

Orn7

20032004

pound000

135940

476~Ol

9043

10

110763

~11651

3n5=3g

20022003

euro(HlO

13594C

MOO~

135940

3116 1



res IiIIi rCC

18 Investments

Openin~ balancc ~69


-ddHlons


92043

293

~OTES TO ACCOlliTS



Staff House Lmns

Imernal Balances






Internal Balances


21 Long Term Luans

20032004 f()OO

4~52

12313 110Q4

6640

hl195]

20022003 EOOO

12~276

8528 9064

4302

f12777


General Reserve



State Capital Granb


CapllaJ Donations

Other

Disposab

Amortisatioll







135940 135940

2910 2910

53147 2(1401 7954 5962

3144 ~6S8 4644

31598 12K4 4-L42~ 459(1

54017 331693 1990Q

2(1S()

(15967) 1189 1

( 8) J8 CJ

iOTES TO ACCOFTS



At begmning of year



At end of year

Amortisation

-t begmnmg of year





10031004 20011003 pound(HIO (000

5235Cl -tSA2shy O~126 -)-~

1 ~n ~

I-U30) 153)

282 (1 S9)


14 Rlvtnue Reserves

Opemng Balance


Closmg Balance

Cashflnw














(J4)

(20)

(28 )

15~43

IPno (15CJ(7)

129(J3)

(3

( I (5117 I

34

4174

~

-

4(141

963 118Q) )

(2Y8~ )

24

26~8

(]49

J(456

(J lW e(lC) ~

4(

-OTES TO ACCOUTS






Capital Commitmenrs





20032004 20022003

pound000 EOOO

5203

76259

1fC) 610








OTES TO ACCOVlTS
















statements fOOO

SlalC grants 74R6

Sludent ree 6344lt




Intgtfgt5t income

Totl incomc

Deficit for vear

Sllbsidiar~

companies

fOOO

2 (081


(flOO

C(76)

GAAP adj ustmen ts


((lOO (000

( 1(6)

(~9RR)

671

6]7

-2320 jO

C1 74 18870

3590 c118

ilZl

J(






COTEXTS




B-LAlCE SHEET

CASH fLOW STATD1ElT













Professor Vrixon

President



































~otes 20032004 20022013


StJte Grants

S lUdent Fees

Othcr income j

~~320

54205 II ql

~L216

50Jgl

USA 16 12QIO~

1(Cl11

Expenditure








141481gt


j 7 0fnuTLtal 13




-(I~UnOI (21963


Deficit fur Year





BALAiCESHEET


otes

Fixed Assets 1shy

InHstmellts 1 S

Current Assets



SWcb

Current Liahilitils

Bank Overdraft




Rlpreslntld by

General Reserve

Restncted Reserve~

RCcnne Resere~ 24



20032004 pound000

30JJ62

((15124 )

42342

par

20022003

EOOO

5203

191518 r620

1421

1(COWI1~

CASH FLOW STATEMET


oles 20032004

fOliO




Capital Expenditun



Financing

HEA Caplta] Grants




10-S9

37008

202




20022003

fOOO

304

(13323 )

1CJS24 12314

23 JJ6S

~OTES TO ACCOCTS


L State Grants

200312004 EIIHO

20022003 EHOU

RC2urrent Grant

iursmg Grant


~J inor VI orks


6 16 7 (

1-39

- (1f6

10

UI1 ]

Total

Student Fees

ACJdemlC


54120

Total

3 Other Income






M iscdlancoU Income

(49)

407 484

4532 2915

-+35 en 790

TOlal


Research Grants

Total

OTE5 TO ACCOliTS



AademlC

Tedmical


Depanmental Grams

lbceEmeous Epenses

T(1lal


Library Costs


Language Centre


ludl- Ylsual Centre



SpokenOra Imh



Total

- Premises


General Senices


Rent and Rates

Insurance

Costs

Total


Capital Projects

Equipment

Total

Staff Costs fOOO

54746

~S~3

-522

4040

298

1666

106

406

47

391

316

0049

3037

136

on Pay OHIO

12 no

2385 1560

(229

lOO 20

220 (67)

4125

3557 ln-

131 ]CJ

144

144h

201L4

]048

200312004 fOOO

54746

J(~3

522

1200

6425

4151- 1 lt-+-)

206

426

r 611

249

14074

6385 4814

131 15

l544 14t() -

1646

2002 2003

fOliO

49819 ()8(14

6(148

91 ((

55~6

3921

120 45shy

430

18

_ _i

_ shy

263

C

1]76

~036

4489

125

128

1120

----

01ES TO iCCOeirS


Staff Costs f(lOU

on Pay

pound000

200320(14

euroOOO 200220()3

pound000


Admimstration

Expense~


Mi~cellaneous

S3119 i( j

l38(1

S369 833

1380

~l (jCi

cSO_ ~

040

T()tal S311() ~ )(1 ~ liJi22




NTL Capitation


1240 ISO

208 +74

138~

1420

2OiC

474

1315

1822 r

Total ] 240 411 S ~n31

11 Student Services


S lUdent SerTIces

Careers Office



170

515

471

811

366

76

134

lBf

811

M5

59]

fl05

764

600 530

61



PensIOns



Totai ) q 1 - )- ~~

--- 16shy ~




]01 1-5 40 11

~144

141416 129135


1OTES TO ACCOlSrS



I nco Ill(

f(lOO Expenditure

euroO(lO

Surplus

2003i2004

fOOO

Surplus

20022003

(000

Student Residences


D~elopment Account

90 1



~and and Buildmgs

EqUlpment 6048 )39






Resene Account

9(1)

~OTES1UACCOC~1~


Land and

Buildings

pound000

F Fixed Assets


aluallcHi

Ce1st

Total


Drsposals (63)


aluallon ] 77] Cost

Tow]

Depreciation






Et]uipmellt fOOO

11+M

( 137)

819

3933 137

66618

~~ ))1 -p _-shy

Orn7

20032004

pound000

135940

476~Ol

9043

10

110763

~11651

3n5=3g

20022003

euro(HlO

13594C

MOO~

135940

3116 1



res IiIIi rCC

18 Investments

Openin~ balancc ~69


-ddHlons


92043

293

~OTES TO ACCOlliTS



Staff House Lmns

Imernal Balances






Internal Balances


21 Long Term Luans

20032004 f()OO

4~52

12313 110Q4

6640

hl195]

20022003 EOOO

12~276

8528 9064

4302

f12777


General Reserve



State Capital Granb


CapllaJ Donations

Other

Disposab

Amortisatioll







135940 135940

2910 2910

53147 2(1401 7954 5962

3144 ~6S8 4644

31598 12K4 4-L42~ 459(1

54017 331693 1990Q

2(1S()

(15967) 1189 1

( 8) J8 CJ

iOTES TO ACCOFTS



At begmning of year



At end of year

Amortisation

-t begmnmg of year





10031004 20011003 pound(HIO (000

5235Cl -tSA2shy O~126 -)-~

1 ~n ~

I-U30) 153)

282 (1 S9)


14 Rlvtnue Reserves

Opemng Balance


Closmg Balance

Cashflnw














(J4)

(20)

(28 )

15~43

IPno (15CJ(7)

129(J3)

(3

( I (5117 I

34

4174

~

-

4(141

963 118Q) )

(2Y8~ )

24

26~8

(]49

J(456

(J lW e(lC) ~

4(

-OTES TO ACCOUTS






Capital Commitmenrs





20032004 20022003

pound000 EOOO

5203

76259

1fC) 610








OTES TO ACCOVlTS
















statements fOOO

SlalC grants 74R6

Sludent ree 6344lt




Intgtfgt5t income

Totl incomc

Deficit for vear

Sllbsidiar~

companies

fOOO

2 (081


(flOO

C(76)

GAAP adj ustmen ts


((lOO (000

( 1(6)

(~9RR)

671

6]7

-2320 jO

C1 74 18870

3590 c118

ilZl

J(












Professor Vrixon

President



































~otes 20032004 20022013


StJte Grants

S lUdent Fees

Othcr income j

~~320

54205 II ql

~L216

50Jgl

USA 16 12QIO~

1(Cl11

Expenditure








141481gt


j 7 0fnuTLtal 13




-(I~UnOI (21963


Deficit fur Year





BALAiCESHEET


otes

Fixed Assets 1shy

InHstmellts 1 S

Current Assets



SWcb

Current Liahilitils

Bank Overdraft




Rlpreslntld by

General Reserve

Restncted Reserve~

RCcnne Resere~ 24



20032004 pound000

30JJ62

((15124 )

42342

par

20022003

EOOO

5203

191518 r620

1421

1(COWI1~

CASH FLOW STATEMET


oles 20032004

fOliO




Capital Expenditun



Financing

HEA Caplta] Grants




10-S9

37008

202




20022003

fOOO

304

(13323 )

1CJS24 12314

23 JJ6S

~OTES TO ACCOCTS


L State Grants

200312004 EIIHO

20022003 EHOU

RC2urrent Grant

iursmg Grant


~J inor VI orks


6 16 7 (

1-39

- (1f6

10

UI1 ]

Total

Student Fees

ACJdemlC


54120

Total

3 Other Income






M iscdlancoU Income

(49)

407 484

4532 2915

-+35 en 790

TOlal


Research Grants

Total

OTE5 TO ACCOliTS



AademlC

Tedmical


Depanmental Grams

lbceEmeous Epenses

T(1lal


Library Costs


Language Centre


ludl- Ylsual Centre



SpokenOra Imh



Total

- Premises


General Senices


Rent and Rates

Insurance

Costs

Total


Capital Projects

Equipment

Total

Staff Costs fOOO

54746

~S~3

-522

4040

298

1666

106

406

47

391

316

0049

3037

136

on Pay OHIO

12 no

2385 1560

(229

lOO 20

220 (67)

4125

3557 ln-

131 ]CJ

144

144h

201L4

]048

200312004 fOOO

54746

J(~3

522

1200

6425

4151- 1 lt-+-)

206

426

r 611

249

14074

6385 4814

131 15

l544 14t() -

1646

2002 2003

fOliO

49819 ()8(14

6(148

91 ((

55~6

3921

120 45shy

430

18

_ _i

_ shy

263

C

1]76

~036

4489

125

128

1120

----

01ES TO iCCOeirS


Staff Costs f(lOU

on Pay

pound000

200320(14

euroOOO 200220()3

pound000


Admimstration

Expense~


Mi~cellaneous

S3119 i( j

l38(1

S369 833

1380

~l (jCi

cSO_ ~

040

T()tal S311() ~ )(1 ~ liJi22




NTL Capitation


1240 ISO

208 +74

138~

1420

2OiC

474

1315

1822 r

Total ] 240 411 S ~n31

11 Student Services


S lUdent SerTIces

Careers Office



170

515

471

811

366

76

134

lBf

811

M5

59]

fl05

764

600 530

61



PensIOns



Totai ) q 1 - )- ~~

--- 16shy ~




]01 1-5 40 11

~144

141416 129135


1OTES TO ACCOlSrS



I nco Ill(

f(lOO Expenditure

euroO(lO

Surplus

2003i2004

fOOO

Surplus

20022003

(000

Student Residences


D~elopment Account

90 1



~and and Buildmgs

EqUlpment 6048 )39






Resene Account

9(1)

~OTES1UACCOC~1~


Land and

Buildings

pound000

F Fixed Assets


aluallcHi

Ce1st

Total


Drsposals (63)


aluallon ] 77] Cost

Tow]

Depreciation






Et]uipmellt fOOO

11+M

( 137)

819

3933 137

66618

~~ ))1 -p _-shy

Orn7

20032004

pound000

135940

476~Ol

9043

10

110763

~11651

3n5=3g

20022003

euro(HlO

13594C

MOO~

135940

3116 1



res IiIIi rCC

18 Investments

Openin~ balancc ~69


-ddHlons


92043

293

~OTES TO ACCOlliTS



Staff House Lmns

Imernal Balances






Internal Balances


21 Long Term Luans

20032004 f()OO

4~52

12313 110Q4

6640

hl195]

20022003 EOOO

12~276

8528 9064

4302

f12777


General Reserve



State Capital Granb


CapllaJ Donations

Other

Disposab

Amortisatioll







135940 135940

2910 2910

53147 2(1401 7954 5962

3144 ~6S8 4644

31598 12K4 4-L42~ 459(1

54017 331693 1990Q

2(1S()

(15967) 1189 1

( 8) J8 CJ

iOTES TO ACCOFTS



At begmning of year



At end of year

Amortisation

-t begmnmg of year





10031004 20011003 pound(HIO (000

5235Cl -tSA2shy O~126 -)-~

1 ~n ~

I-U30) 153)

282 (1 S9)


14 Rlvtnue Reserves

Opemng Balance


Closmg Balance

Cashflnw














(J4)

(20)

(28 )

15~43

IPno (15CJ(7)

129(J3)

(3

( I (5117 I

34

4174

~

-

4(141

963 118Q) )

(2Y8~ )

24

26~8

(]49

J(456

(J lW e(lC) ~

4(

-OTES TO ACCOUTS






Capital Commitmenrs





20032004 20022003

pound000 EOOO

5203

76259

1fC) 610








OTES TO ACCOVlTS
















statements fOOO

SlalC grants 74R6

Sludent ree 6344lt




Intgtfgt5t income

Totl incomc

Deficit for vear

Sllbsidiar~

companies

fOOO

2 (081


(flOO

C(76)

GAAP adj ustmen ts


((lOO (000

( 1(6)

(~9RR)

671

6]7

-2320 jO

C1 74 18870

3590 c118

ilZl

J(



































~otes 20032004 20022013


StJte Grants

S lUdent Fees

Othcr income j

~~320

54205 II ql

~L216

50Jgl

USA 16 12QIO~

1(Cl11

Expenditure








141481gt


j 7 0fnuTLtal 13




-(I~UnOI (21963


Deficit fur Year





BALAiCESHEET


otes

Fixed Assets 1shy

InHstmellts 1 S

Current Assets



SWcb

Current Liahilitils

Bank Overdraft




Rlpreslntld by

General Reserve

Restncted Reserve~

RCcnne Resere~ 24



20032004 pound000

30JJ62

((15124 )

42342

par

20022003

EOOO

5203

191518 r620

1421

1(COWI1~

CASH FLOW STATEMET


oles 20032004

fOliO




Capital Expenditun



Financing

HEA Caplta] Grants




10-S9

37008

202




20022003

fOOO

304

(13323 )

1CJS24 12314

23 JJ6S

~OTES TO ACCOCTS


L State Grants

200312004 EIIHO

20022003 EHOU

RC2urrent Grant

iursmg Grant


~J inor VI orks


6 16 7 (

1-39

- (1f6

10

UI1 ]

Total

Student Fees

ACJdemlC


54120

Total

3 Other Income






M iscdlancoU Income

(49)

407 484

4532 2915

-+35 en 790

TOlal


Research Grants

Total

OTE5 TO ACCOliTS



AademlC

Tedmical


Depanmental Grams

lbceEmeous Epenses

T(1lal


Library Costs


Language Centre


ludl- Ylsual Centre



SpokenOra Imh



Total

- Premises


General Senices


Rent and Rates

Insurance

Costs

Total


Capital Projects

Equipment

Total

Staff Costs fOOO

54746

~S~3

-522

4040

298

1666

106

406

47

391

316

0049

3037

136

on Pay OHIO

12 no

2385 1560

(229

lOO 20

220 (67)

4125

3557 ln-

131 ]CJ

144

144h

201L4

]048

200312004 fOOO

54746

J(~3

522

1200

6425

4151- 1 lt-+-)

206

426

r 611

249

14074

6385 4814

131 15

l544 14t() -

1646

2002 2003

fOliO

49819 ()8(14

6(148

91 ((

55~6

3921

120 45shy

430

18

_ _i

_ shy

263

C

1]76

~036

4489

125

128

1120

----

01ES TO iCCOeirS


Staff Costs f(lOU

on Pay

pound000

200320(14

euroOOO 200220()3

pound000


Admimstration

Expense~


Mi~cellaneous

S3119 i( j

l38(1

S369 833

1380

~l (jCi

cSO_ ~

040

T()tal S311() ~ )(1 ~ liJi22




NTL Capitation


1240 ISO

208 +74

138~

1420

2OiC

474

1315

1822 r

Total ] 240 411 S ~n31

11 Student Services


S lUdent SerTIces

Careers Office



170

515

471

811

366

76

134

lBf

811

M5

59]

fl05

764

600 530

61



PensIOns



Totai ) q 1 - )- ~~

--- 16shy ~




]01 1-5 40 11

~144

141416 129135


1OTES TO ACCOlSrS



I nco Ill(

f(lOO Expenditure

euroO(lO

Surplus

2003i2004

fOOO

Surplus

20022003

(000

Student Residences


D~elopment Account

90 1



~and and Buildmgs

EqUlpment 6048 )39






Resene Account

9(1)

~OTES1UACCOC~1~


Land and

Buildings

pound000

F Fixed Assets


aluallcHi

Ce1st

Total


Drsposals (63)


aluallon ] 77] Cost

Tow]

Depreciation






Et]uipmellt fOOO

11+M

( 137)

819

3933 137

66618

~~ ))1 -p _-shy

Orn7

20032004

pound000

135940

476~Ol

9043

10

110763

~11651

3n5=3g

20022003

euro(HlO

13594C

MOO~

135940

3116 1



res IiIIi rCC

18 Investments

Openin~ balancc ~69


-ddHlons


92043

293

~OTES TO ACCOlliTS



Staff House Lmns

Imernal Balances






Internal Balances


21 Long Term Luans

20032004 f()OO

4~52

12313 110Q4

6640

hl195]

20022003 EOOO

12~276

8528 9064

4302

f12777


General Reserve



State Capital Granb


CapllaJ Donations

Other

Disposab

Amortisatioll







135940 135940

2910 2910

53147 2(1401 7954 5962

3144 ~6S8 4644

31598 12K4 4-L42~ 459(1

54017 331693 1990Q

2(1S()

(15967) 1189 1

( 8) J8 CJ

iOTES TO ACCOFTS



At begmning of year



At end of year

Amortisation

-t begmnmg of year





10031004 20011003 pound(HIO (000

5235Cl -tSA2shy O~126 -)-~

1 ~n ~

I-U30) 153)

282 (1 S9)


14 Rlvtnue Reserves

Opemng Balance


Closmg Balance

Cashflnw














(J4)

(20)

(28 )

15~43

IPno (15CJ(7)

129(J3)

(3

( I (5117 I

34

4174

~

-

4(141

963 118Q) )

(2Y8~ )

24

26~8

(]49

J(456

(J lW e(lC) ~

4(

-OTES TO ACCOUTS






Capital Commitmenrs





20032004 20022003

pound000 EOOO

5203

76259

1fC) 610








OTES TO ACCOVlTS
















statements fOOO

SlalC grants 74R6

Sludent ree 6344lt




Intgtfgt5t income

Totl incomc

Deficit for vear

Sllbsidiar~

companies

fOOO

2 (081


(flOO

C(76)

GAAP adj ustmen ts


((lOO (000

( 1(6)

(~9RR)

671

6]7

-2320 jO

C1 74 18870

3590 c118

ilZl

J(

BALAiCESHEET


otes

Fixed Assets 1shy

InHstmellts 1 S

Current Assets



SWcb

Current Liahilitils

Bank Overdraft




Rlpreslntld by

General Reserve

Restncted Reserve~

RCcnne Resere~ 24



20032004 pound000

30JJ62

((15124 )

42342

par

20022003

EOOO

5203

191518 r620

1421

1(COWI1~

CASH FLOW STATEMET


oles 20032004

fOliO




Capital Expenditun



Financing

HEA Caplta] Grants




10-S9

37008

202




20022003

fOOO

304

(13323 )

1CJS24 12314

23 JJ6S

~OTES TO ACCOCTS


L State Grants

200312004 EIIHO

20022003 EHOU

RC2urrent Grant

iursmg Grant


~J inor VI orks


6 16 7 (

1-39

- (1f6

10

UI1 ]

Total

Student Fees

ACJdemlC


54120

Total

3 Other Income






M iscdlancoU Income

(49)

407 484

4532 2915

-+35 en 790

TOlal


Research Grants

Total

OTE5 TO ACCOliTS



AademlC

Tedmical


Depanmental Grams

lbceEmeous Epenses

T(1lal


Library Costs


Language Centre


ludl- Ylsual Centre



SpokenOra Imh



Total

- Premises


General Senices


Rent and Rates

Insurance

Costs

Total


Capital Projects

Equipment

Total

Staff Costs fOOO

54746

~S~3

-522

4040

298

1666

106

406

47

391

316

0049

3037

136

on Pay OHIO

12 no

2385 1560

(229

lOO 20

220 (67)

4125

3557 ln-

131 ]CJ

144

144h

201L4

]048

200312004 fOOO

54746

J(~3

522

1200

6425

4151- 1 lt-+-)

206

426

r 611

249

14074

6385 4814

131 15

l544 14t() -

1646

2002 2003

fOliO

49819 ()8(14

6(148

91 ((

55~6

3921

120 45shy

430

18

_ _i

_ shy

263

C

1]76

~036

4489

125

128

1120

----

01ES TO iCCOeirS


Staff Costs f(lOU

on Pay

pound000

200320(14

euroOOO 200220()3

pound000


Admimstration

Expense~


Mi~cellaneous

S3119 i( j

l38(1

S369 833

1380

~l (jCi

cSO_ ~

040

T()tal S311() ~ )(1 ~ liJi22




NTL Capitation


1240 ISO

208 +74

138~

1420

2OiC

474

1315

1822 r

Total ] 240 411 S ~n31

11 Student Services


S lUdent SerTIces

Careers Office



170

515

471

811

366

76

134

lBf

811

M5

59]

fl05

764

600 530

61



PensIOns



Totai ) q 1 - )- ~~

--- 16shy ~




]01 1-5 40 11

~144

141416 129135


1OTES TO ACCOlSrS



I nco Ill(

f(lOO Expenditure

euroO(lO

Surplus

2003i2004

fOOO

Surplus

20022003

(000

Student Residences


D~elopment Account

90 1



~and and Buildmgs

EqUlpment 6048 )39






Resene Account

9(1)

~OTES1UACCOC~1~


Land and

Buildings

pound000

F Fixed Assets


aluallcHi

Ce1st

Total


Drsposals (63)


aluallon ] 77] Cost

Tow]

Depreciation






Et]uipmellt fOOO

11+M

( 137)

819

3933 137

66618

~~ ))1 -p _-shy

Orn7

20032004

pound000

135940

476~Ol

9043

10

110763

~11651

3n5=3g

20022003

euro(HlO

13594C

MOO~

135940

3116 1



res IiIIi rCC

18 Investments

Openin~ balancc ~69


-ddHlons


92043

293

~OTES TO ACCOlliTS



Staff House Lmns

Imernal Balances






Internal Balances


21 Long Term Luans

20032004 f()OO

4~52

12313 110Q4

6640

hl195]

20022003 EOOO

12~276

8528 9064

4302

f12777


General Reserve



State Capital Granb


CapllaJ Donations

Other

Disposab

Amortisatioll







135940 135940

2910 2910

53147 2(1401 7954 5962

3144 ~6S8 4644

31598 12K4 4-L42~ 459(1

54017 331693 1990Q

2(1S()

(15967) 1189 1

( 8) J8 CJ

iOTES TO ACCOFTS



At begmning of year



At end of year

Amortisation

-t begmnmg of year





10031004 20011003 pound(HIO (000

5235Cl -tSA2shy O~126 -)-~

1 ~n ~

I-U30) 153)

282 (1 S9)


14 Rlvtnue Reserves

Opemng Balance


Closmg Balance

Cashflnw














(J4)

(20)

(28 )

15~43

IPno (15CJ(7)

129(J3)

(3

( I (5117 I

34

4174

~

-

4(141

963 118Q) )

(2Y8~ )

24

26~8

(]49

J(456

(J lW e(lC) ~

4(

-OTES TO ACCOUTS






Capital Commitmenrs





20032004 20022003

pound000 EOOO

5203

76259

1fC) 610








OTES TO ACCOVlTS
















statements fOOO

SlalC grants 74R6

Sludent ree 6344lt




Intgtfgt5t income

Totl incomc

Deficit for vear

Sllbsidiar~

companies

fOOO

2 (081


(flOO

C(76)

GAAP adj ustmen ts


((lOO (000

( 1(6)

(~9RR)

671

6]7

-2320 jO

C1 74 18870

3590 c118

ilZl

J(

CASH FLOW STATEMET


oles 20032004

fOliO




Capital Expenditun



Financing

HEA Caplta] Grants




10-S9

37008

202




20022003

fOOO

304

(13323 )

1CJS24 12314

23 JJ6S

~OTES TO ACCOCTS


L State Grants

200312004 EIIHO

20022003 EHOU

RC2urrent Grant

iursmg Grant


~J inor VI orks


6 16 7 (

1-39

- (1f6

10

UI1 ]

Total

Student Fees

ACJdemlC


54120

Total

3 Other Income






M iscdlancoU Income

(49)

407 484

4532 2915

-+35 en 790

TOlal


Research Grants

Total

OTE5 TO ACCOliTS



AademlC

Tedmical


Depanmental Grams

lbceEmeous Epenses

T(1lal


Library Costs


Language Centre


ludl- Ylsual Centre



SpokenOra Imh



Total

- Premises


General Senices


Rent and Rates

Insurance

Costs

Total


Capital Projects

Equipment

Total

Staff Costs fOOO

54746

~S~3

-522

4040

298

1666

106

406

47

391

316

0049

3037

136

on Pay OHIO

12 no

2385 1560

(229

lOO 20

220 (67)

4125

3557 ln-

131 ]CJ

144

144h

201L4

]048

200312004 fOOO

54746

J(~3

522

1200

6425

4151- 1 lt-+-)

206

426

r 611

249

14074

6385 4814

131 15

l544 14t() -

1646

2002 2003

fOliO

49819 ()8(14

6(148

91 ((

55~6

3921

120 45shy

430

18

_ _i

_ shy

263

C

1]76

~036

4489

125

128

1120

----

01ES TO iCCOeirS


Staff Costs f(lOU

on Pay

pound000

200320(14

euroOOO 200220()3

pound000


Admimstration

Expense~


Mi~cellaneous

S3119 i( j

l38(1

S369 833

1380

~l (jCi

cSO_ ~

040

T()tal S311() ~ )(1 ~ liJi22




NTL Capitation


1240 ISO

208 +74

138~

1420

2OiC

474

1315

1822 r

Total ] 240 411 S ~n31

11 Student Services


S lUdent SerTIces

Careers Office



170

515

471

811

366

76

134

lBf

811

M5

59]

fl05

764

600 530

61



PensIOns



Totai ) q 1 - )- ~~

--- 16shy ~




]01 1-5 40 11

~144

141416 129135


1OTES TO ACCOlSrS



I nco Ill(

f(lOO Expenditure

euroO(lO

Surplus

2003i2004

fOOO

Surplus

20022003

(000

Student Residences


D~elopment Account

90 1



~and and Buildmgs

EqUlpment 6048 )39






Resene Account

9(1)

~OTES1UACCOC~1~


Land and

Buildings

pound000

F Fixed Assets


aluallcHi

Ce1st

Total


Drsposals (63)


aluallon ] 77] Cost

Tow]

Depreciation






Et]uipmellt fOOO

11+M

( 137)

819

3933 137

66618

~~ ))1 -p _-shy

Orn7

20032004

pound000

135940

476~Ol

9043

10

110763

~11651

3n5=3g

20022003

euro(HlO

13594C

MOO~

135940

3116 1



res IiIIi rCC

18 Investments

Openin~ balancc ~69


-ddHlons


92043

293

~OTES TO ACCOlliTS



Staff House Lmns

Imernal Balances






Internal Balances


21 Long Term Luans

20032004 f()OO

4~52

12313 110Q4

6640

hl195]

20022003 EOOO

12~276

8528 9064

4302

f12777


General Reserve



State Capital Granb


CapllaJ Donations

Other

Disposab

Amortisatioll







135940 135940

2910 2910

53147 2(1401 7954 5962

3144 ~6S8 4644

31598 12K4 4-L42~ 459(1

54017 331693 1990Q

2(1S()

(15967) 1189 1

( 8) J8 CJ

iOTES TO ACCOFTS



At begmning of year



At end of year

Amortisation

-t begmnmg of year





10031004 20011003 pound(HIO (000

5235Cl -tSA2shy O~126 -)-~

1 ~n ~

I-U30) 153)

282 (1 S9)


14 Rlvtnue Reserves

Opemng Balance


Closmg Balance

Cashflnw














(J4)

(20)

(28 )

15~43

IPno (15CJ(7)

129(J3)

(3

( I (5117 I

34

4174

~

-

4(141

963 118Q) )

(2Y8~ )

24

26~8

(]49

J(456

(J lW e(lC) ~

4(

-OTES TO ACCOUTS






Capital Commitmenrs





20032004 20022003

pound000 EOOO

5203

76259

1fC) 610








OTES TO ACCOVlTS
















statements fOOO

SlalC grants 74R6

Sludent ree 6344lt




Intgtfgt5t income

Totl incomc

Deficit for vear

Sllbsidiar~

companies

fOOO

2 (081


(flOO

C(76)

GAAP adj ustmen ts


((lOO (000

( 1(6)

(~9RR)

671

6]7

-2320 jO

C1 74 18870

3590 c118

ilZl

J(

~OTES TO ACCOCTS


L State Grants

200312004 EIIHO

20022003 EHOU

RC2urrent Grant

iursmg Grant


~J inor VI orks


6 16 7 (

1-39

- (1f6

10

UI1 ]

Total

Student Fees

ACJdemlC


54120

Total

3 Other Income






M iscdlancoU Income

(49)

407 484

4532 2915

-+35 en 790

TOlal


Research Grants

Total

OTE5 TO ACCOliTS



AademlC

Tedmical


Depanmental Grams

lbceEmeous Epenses

T(1lal


Library Costs


Language Centre


ludl- Ylsual Centre



SpokenOra Imh



Total

- Premises


General Senices


Rent and Rates

Insurance

Costs

Total


Capital Projects

Equipment

Total

Staff Costs fOOO

54746

~S~3

-522

4040

298

1666

106

406

47

391

316

0049

3037

136

on Pay OHIO

12 no

2385 1560

(229

lOO 20

220 (67)

4125

3557 ln-

131 ]CJ

144

144h

201L4

]048

200312004 fOOO

54746

J(~3

522

1200

6425

4151- 1 lt-+-)

206

426

r 611

249

14074

6385 4814

131 15

l544 14t() -

1646

2002 2003

fOliO

49819 ()8(14

6(148

91 ((

55~6

3921

120 45shy

430

18

_ _i

_ shy

263

C

1]76

~036

4489

125

128

1120

----

01ES TO iCCOeirS


Staff Costs f(lOU

on Pay

pound000

200320(14

euroOOO 200220()3

pound000


Admimstration

Expense~


Mi~cellaneous

S3119 i( j

l38(1

S369 833

1380

~l (jCi

cSO_ ~

040

T()tal S311() ~ )(1 ~ liJi22




NTL Capitation


1240 ISO

208 +74

138~

1420

2OiC

474

1315

1822 r

Total ] 240 411 S ~n31

11 Student Services


S lUdent SerTIces

Careers Office



170

515

471

811

366

76

134

lBf

811

M5

59]

fl05

764

600 530

61



PensIOns



Totai ) q 1 - )- ~~

--- 16shy ~




]01 1-5 40 11

~144

141416 129135


1OTES TO ACCOlSrS



I nco Ill(

f(lOO Expenditure

euroO(lO

Surplus

2003i2004

fOOO

Surplus

20022003

(000

Student Residences


D~elopment Account

90 1



~and and Buildmgs

EqUlpment 6048 )39






Resene Account

9(1)

~OTES1UACCOC~1~


Land and

Buildings

pound000

F Fixed Assets


aluallcHi

Ce1st

Total


Drsposals (63)


aluallon ] 77] Cost

Tow]

Depreciation






Et]uipmellt fOOO

11+M

( 137)

819

3933 137

66618

~~ ))1 -p _-shy

Orn7

20032004

pound000

135940

476~Ol

9043

10

110763

~11651

3n5=3g

20022003

euro(HlO

13594C

MOO~

135940

3116 1



res IiIIi rCC

18 Investments

Openin~ balancc ~69


-ddHlons


92043

293

~OTES TO ACCOlliTS



Staff House Lmns

Imernal Balances






Internal Balances


21 Long Term Luans

20032004 f()OO

4~52

12313 110Q4

6640

hl195]

20022003 EOOO

12~276

8528 9064

4302

f12777


General Reserve



State Capital Granb


CapllaJ Donations

Other

Disposab

Amortisatioll







135940 135940

2910 2910

53147 2(1401 7954 5962

3144 ~6S8 4644

31598 12K4 4-L42~ 459(1

54017 331693 1990Q

2(1S()

(15967) 1189 1

( 8) J8 CJ

iOTES TO ACCOFTS



At begmning of year



At end of year

Amortisation

-t begmnmg of year





10031004 20011003 pound(HIO (000

5235Cl -tSA2shy O~126 -)-~

1 ~n ~

I-U30) 153)

282 (1 S9)


14 Rlvtnue Reserves

Opemng Balance


Closmg Balance

Cashflnw














(J4)

(20)

(28 )

15~43

IPno (15CJ(7)

129(J3)

(3

( I (5117 I

34

4174

~

-

4(141

963 118Q) )

(2Y8~ )

24

26~8

(]49

J(456

(J lW e(lC) ~

4(

-OTES TO ACCOUTS






Capital Commitmenrs





20032004 20022003

pound000 EOOO

5203

76259

1fC) 610








OTES TO ACCOVlTS
















statements fOOO

SlalC grants 74R6

Sludent ree 6344lt




Intgtfgt5t income

Totl incomc

Deficit for vear

Sllbsidiar~

companies

fOOO

2 (081


(flOO

C(76)

GAAP adj ustmen ts


((lOO (000

( 1(6)

(~9RR)

671

6]7

-2320 jO

C1 74 18870

3590 c118

ilZl

J(

OTE5 TO ACCOliTS



AademlC

Tedmical


Depanmental Grams

lbceEmeous Epenses

T(1lal


Library Costs


Language Centre


ludl- Ylsual Centre



SpokenOra Imh



Total

- Premises


General Senices


Rent and Rates

Insurance

Costs

Total


Capital Projects

Equipment

Total

Staff Costs fOOO

54746

~S~3

-522

4040

298

1666

106

406

47

391

316

0049

3037

136

on Pay OHIO

12 no

2385 1560

(229

lOO 20

220 (67)

4125

3557 ln-

131 ]CJ

144

144h

201L4

]048

200312004 fOOO

54746

J(~3

522

1200

6425

4151- 1 lt-+-)

206

426

r 611

249

14074

6385 4814

131 15

l544 14t() -

1646

2002 2003

fOliO

49819 ()8(14

6(148

91 ((

55~6

3921

120 45shy

430

18

_ _i

_ shy

263

C

1]76

~036

4489

125

128

1120

----

01ES TO iCCOeirS


Staff Costs f(lOU

on Pay

pound000

200320(14

euroOOO 200220()3

pound000


Admimstration

Expense~


Mi~cellaneous

S3119 i( j

l38(1

S369 833

1380

~l (jCi

cSO_ ~

040

T()tal S311() ~ )(1 ~ liJi22




NTL Capitation


1240 ISO

208 +74

138~

1420

2OiC

474

1315

1822 r

Total ] 240 411 S ~n31

11 Student Services


S lUdent SerTIces

Careers Office



170

515

471

811

366

76

134

lBf

811

M5

59]

fl05

764

600 530

61



PensIOns



Totai ) q 1 - )- ~~

--- 16shy ~




]01 1-5 40 11

~144

141416 129135


1OTES TO ACCOlSrS



I nco Ill(

f(lOO Expenditure

euroO(lO

Surplus

2003i2004

fOOO

Surplus

20022003

(000

Student Residences


D~elopment Account

90 1



~and and Buildmgs

EqUlpment 6048 )39






Resene Account

9(1)

~OTES1UACCOC~1~


Land and

Buildings

pound000

F Fixed Assets


aluallcHi

Ce1st

Total


Drsposals (63)


aluallon ] 77] Cost

Tow]

Depreciation






Et]uipmellt fOOO

11+M

( 137)

819

3933 137

66618

~~ ))1 -p _-shy

Orn7

20032004

pound000

135940

476~Ol

9043

10

110763

~11651

3n5=3g

20022003

euro(HlO

13594C

MOO~

135940

3116 1



res IiIIi rCC

18 Investments

Openin~ balancc ~69


-ddHlons


92043

293

~OTES TO ACCOlliTS



Staff House Lmns

Imernal Balances






Internal Balances


21 Long Term Luans

20032004 f()OO

4~52

12313 110Q4

6640

hl195]

20022003 EOOO

12~276

8528 9064

4302

f12777


General Reserve



State Capital Granb


CapllaJ Donations

Other

Disposab

Amortisatioll







135940 135940

2910 2910

53147 2(1401 7954 5962

3144 ~6S8 4644

31598 12K4 4-L42~ 459(1

54017 331693 1990Q

2(1S()

(15967) 1189 1

( 8) J8 CJ

iOTES TO ACCOFTS



At begmning of year



At end of year

Amortisation

-t begmnmg of year





10031004 20011003 pound(HIO (000

5235Cl -tSA2shy O~126 -)-~

1 ~n ~

I-U30) 153)

282 (1 S9)


14 Rlvtnue Reserves

Opemng Balance


Closmg Balance

Cashflnw














(J4)

(20)

(28 )

15~43

IPno (15CJ(7)

129(J3)

(3

( I (5117 I

34

4174

~

-

4(141

963 118Q) )

(2Y8~ )

24

26~8

(]49

J(456

(J lW e(lC) ~

4(

-OTES TO ACCOUTS






Capital Commitmenrs





20032004 20022003

pound000 EOOO

5203

76259

1fC) 610








OTES TO ACCOVlTS
















statements fOOO

SlalC grants 74R6

Sludent ree 6344lt




Intgtfgt5t income

Totl incomc

Deficit for vear

Sllbsidiar~

companies

fOOO

2 (081


(flOO

C(76)

GAAP adj ustmen ts


((lOO (000

( 1(6)

(~9RR)

671

6]7

-2320 jO

C1 74 18870

3590 c118

ilZl

J(

----

01ES TO iCCOeirS


Staff Costs f(lOU

on Pay

pound000

200320(14

euroOOO 200220()3

pound000


Admimstration

Expense~


Mi~cellaneous

S3119 i( j

l38(1

S369 833

1380

~l (jCi

cSO_ ~

040

T()tal S311() ~ )(1 ~ liJi22




NTL Capitation


1240 ISO

208 +74

138~

1420

2OiC

474

1315

1822 r

Total ] 240 411 S ~n31

11 Student Services


S lUdent SerTIces

Careers Office



170

515

471

811

366

76

134

lBf

811

M5

59]

fl05

764

600 530

61



PensIOns



Totai ) q 1 - )- ~~

--- 16shy ~




]01 1-5 40 11

~144

141416 129135


1OTES TO ACCOlSrS



I nco Ill(

f(lOO Expenditure

euroO(lO

Surplus

2003i2004

fOOO

Surplus

20022003

(000

Student Residences


D~elopment Account

90 1



~and and Buildmgs

EqUlpment 6048 )39






Resene Account

9(1)

~OTES1UACCOC~1~


Land and

Buildings

pound000

F Fixed Assets


aluallcHi

Ce1st

Total


Drsposals (63)


aluallon ] 77] Cost

Tow]

Depreciation






Et]uipmellt fOOO

11+M

( 137)

819

3933 137

66618

~~ ))1 -p _-shy

Orn7

20032004

pound000

135940

476~Ol

9043

10

110763

~11651

3n5=3g

20022003

euro(HlO

13594C

MOO~

135940

3116 1



res IiIIi rCC

18 Investments

Openin~ balancc ~69


-ddHlons


92043

293

~OTES TO ACCOlliTS



Staff House Lmns

Imernal Balances






Internal Balances


21 Long Term Luans

20032004 f()OO

4~52

12313 110Q4

6640

hl195]

20022003 EOOO

12~276

8528 9064

4302

f12777


General Reserve



State Capital Granb


CapllaJ Donations

Other

Disposab

Amortisatioll







135940 135940

2910 2910

53147 2(1401 7954 5962

3144 ~6S8 4644

31598 12K4 4-L42~ 459(1

54017 331693 1990Q

2(1S()

(15967) 1189 1

( 8) J8 CJ

iOTES TO ACCOFTS



At begmning of year



At end of year

Amortisation

-t begmnmg of year





10031004 20011003 pound(HIO (000

5235Cl -tSA2shy O~126 -)-~

1 ~n ~

I-U30) 153)

282 (1 S9)


14 Rlvtnue Reserves

Opemng Balance


Closmg Balance

Cashflnw














(J4)

(20)

(28 )

15~43

IPno (15CJ(7)

129(J3)

(3

( I (5117 I

34

4174

~

-

4(141

963 118Q) )

(2Y8~ )

24

26~8

(]49

J(456

(J lW e(lC) ~

4(

-OTES TO ACCOUTS






Capital Commitmenrs





20032004 20022003

pound000 EOOO

5203

76259

1fC) 610








OTES TO ACCOVlTS
















statements fOOO

SlalC grants 74R6

Sludent ree 6344lt




Intgtfgt5t income

Totl incomc

Deficit for vear

Sllbsidiar~

companies

fOOO

2 (081


(flOO

C(76)

GAAP adj ustmen ts


((lOO (000

( 1(6)

(~9RR)

671

6]7

-2320 jO

C1 74 18870

3590 c118

ilZl

J(

1OTES TO ACCOlSrS



I nco Ill(

f(lOO Expenditure

euroO(lO

Surplus

2003i2004

fOOO

Surplus

20022003

(000

Student Residences


D~elopment Account

90 1



~and and Buildmgs

EqUlpment 6048 )39






Resene Account

9(1)

~OTES1UACCOC~1~


Land and

Buildings

pound000

F Fixed Assets


aluallcHi

Ce1st

Total


Drsposals (63)


aluallon ] 77] Cost

Tow]

Depreciation






Et]uipmellt fOOO

11+M

( 137)

819

3933 137

66618

~~ ))1 -p _-shy

Orn7

20032004

pound000

135940

476~Ol

9043

10

110763

~11651

3n5=3g

20022003

euro(HlO

13594C

MOO~

135940

3116 1



res IiIIi rCC

18 Investments

Openin~ balancc ~69


-ddHlons


92043

293

~OTES TO ACCOlliTS



Staff House Lmns

Imernal Balances






Internal Balances


21 Long Term Luans

20032004 f()OO

4~52

12313 110Q4

6640

hl195]

20022003 EOOO

12~276

8528 9064

4302

f12777


General Reserve



State Capital Granb


CapllaJ Donations

Other

Disposab

Amortisatioll







135940 135940

2910 2910

53147 2(1401 7954 5962

3144 ~6S8 4644

31598 12K4 4-L42~ 459(1

54017 331693 1990Q

2(1S()

(15967) 1189 1

( 8) J8 CJ

iOTES TO ACCOFTS



At begmning of year



At end of year

Amortisation

-t begmnmg of year





10031004 20011003 pound(HIO (000

5235Cl -tSA2shy O~126 -)-~

1 ~n ~

I-U30) 153)

282 (1 S9)


14 Rlvtnue Reserves

Opemng Balance


Closmg Balance

Cashflnw














(J4)

(20)

(28 )

15~43

IPno (15CJ(7)

129(J3)

(3

( I (5117 I

34

4174

~

-

4(141

963 118Q) )

(2Y8~ )

24

26~8

(]49

J(456

(J lW e(lC) ~

4(

-OTES TO ACCOUTS






Capital Commitmenrs





20032004 20022003

pound000 EOOO

5203

76259

1fC) 610








OTES TO ACCOVlTS
















statements fOOO

SlalC grants 74R6

Sludent ree 6344lt




Intgtfgt5t income

Totl incomc

Deficit for vear

Sllbsidiar~

companies

fOOO

2 (081


(flOO

C(76)

GAAP adj ustmen ts


((lOO (000

( 1(6)

(~9RR)

671

6]7

-2320 jO

C1 74 18870

3590 c118

ilZl

J(

~OTES1UACCOC~1~


Land and

Buildings

pound000

F Fixed Assets


aluallcHi

Ce1st

Total


Drsposals (63)


aluallon ] 77] Cost

Tow]

Depreciation






Et]uipmellt fOOO

11+M

( 137)

819

3933 137

66618

~~ ))1 -p _-shy

Orn7

20032004

pound000

135940

476~Ol

9043

10

110763

~11651

3n5=3g

20022003

euro(HlO

13594C

MOO~

135940

3116 1



res IiIIi rCC

18 Investments

Openin~ balancc ~69


-ddHlons


92043

293

~OTES TO ACCOlliTS



Staff House Lmns

Imernal Balances






Internal Balances


21 Long Term Luans

20032004 f()OO

4~52

12313 110Q4

6640

hl195]

20022003 EOOO

12~276

8528 9064

4302

f12777


General Reserve



State Capital Granb


CapllaJ Donations

Other

Disposab

Amortisatioll







135940 135940

2910 2910

53147 2(1401 7954 5962

3144 ~6S8 4644

31598 12K4 4-L42~ 459(1

54017 331693 1990Q

2(1S()

(15967) 1189 1

( 8) J8 CJ

iOTES TO ACCOFTS



At begmning of year



At end of year

Amortisation

-t begmnmg of year





10031004 20011003 pound(HIO (000

5235Cl -tSA2shy O~126 -)-~

1 ~n ~

I-U30) 153)

282 (1 S9)


14 Rlvtnue Reserves

Opemng Balance


Closmg Balance

Cashflnw














(J4)

(20)

(28 )

15~43

IPno (15CJ(7)

129(J3)

(3

( I (5117 I

34

4174

~

-

4(141

963 118Q) )

(2Y8~ )

24

26~8

(]49

J(456

(J lW e(lC) ~

4(

-OTES TO ACCOUTS






Capital Commitmenrs





20032004 20022003

pound000 EOOO

5203

76259

1fC) 610








OTES TO ACCOVlTS
















statements fOOO

SlalC grants 74R6

Sludent ree 6344lt




Intgtfgt5t income

Totl incomc

Deficit for vear

Sllbsidiar~

companies

fOOO

2 (081


(flOO

C(76)

GAAP adj ustmen ts


((lOO (000

( 1(6)

(~9RR)

671

6]7

-2320 jO

C1 74 18870

3590 c118

ilZl

J(

~OTES TO ACCOlliTS



Staff House Lmns

Imernal Balances






Internal Balances


21 Long Term Luans

20032004 f()OO

4~52

12313 110Q4

6640

hl195]

20022003 EOOO

12~276

8528 9064

4302

f12777


General Reserve



State Capital Granb


CapllaJ Donations

Other

Disposab

Amortisatioll







135940 135940

2910 2910

53147 2(1401 7954 5962

3144 ~6S8 4644

31598 12K4 4-L42~ 459(1

54017 331693 1990Q

2(1S()

(15967) 1189 1

( 8) J8 CJ

iOTES TO ACCOFTS



At begmning of year



At end of year

Amortisation

-t begmnmg of year





10031004 20011003 pound(HIO (000

5235Cl -tSA2shy O~126 -)-~

1 ~n ~

I-U30) 153)

282 (1 S9)


14 Rlvtnue Reserves

Opemng Balance


Closmg Balance

Cashflnw














(J4)

(20)

(28 )

15~43

IPno (15CJ(7)

129(J3)

(3

( I (5117 I

34

4174

~

-

4(141

963 118Q) )

(2Y8~ )

24

26~8

(]49

J(456

(J lW e(lC) ~

4(

-OTES TO ACCOUTS






Capital Commitmenrs





20032004 20022003

pound000 EOOO

5203

76259

1fC) 610








OTES TO ACCOVlTS
















statements fOOO

SlalC grants 74R6

Sludent ree 6344lt




Intgtfgt5t income

Totl incomc

Deficit for vear

Sllbsidiar~

companies

fOOO

2 (081


(flOO

C(76)

GAAP adj ustmen ts


((lOO (000

( 1(6)

(~9RR)

671

6]7

-2320 jO

C1 74 18870

3590 c118

ilZl

J(

iOTES TO ACCOFTS



At begmning of year



At end of year

Amortisation

-t begmnmg of year





10031004 20011003 pound(HIO (000

5235Cl -tSA2shy O~126 -)-~

1 ~n ~

I-U30) 153)

282 (1 S9)


14 Rlvtnue Reserves

Opemng Balance


Closmg Balance

Cashflnw














(J4)

(20)

(28 )

15~43

IPno (15CJ(7)

129(J3)

(3

( I (5117 I

34

4174

~

-

4(141

963 118Q) )

(2Y8~ )

24

26~8

(]49

J(456

(J lW e(lC) ~

4(

-OTES TO ACCOUTS






Capital Commitmenrs





20032004 20022003

pound000 EOOO

5203

76259

1fC) 610








OTES TO ACCOVlTS
















statements fOOO

SlalC grants 74R6

Sludent ree 6344lt




Intgtfgt5t income

Totl incomc

Deficit for vear

Sllbsidiar~

companies

fOOO

2 (081


(flOO

C(76)

GAAP adj ustmen ts


((lOO (000

( 1(6)

(~9RR)

671

6]7

-2320 jO

C1 74 18870

3590 c118

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statements fOOO

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cniversity college cork national university of ireland, cork … · 2019-01-23 · luinrsity...

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