Financial Statements
- Commentary on the 2010/11 Financial Statements
by the Director of Finance Giles Kerr
Highlights
- Total income increased by 4.5% to £919.6m (2009/10: £880.0m)
- The largest source of income continued to be research grants and contracts at 41.0% (2009/10: 41.7%)
- Total expenditure increased by 2.7% to £908.2m (2009/10: £884.4m)
- Staff costs increased by 2.2% to £479.3m (2009/10: £469.1m) and were equivalent to 52.8% of total expenditure (2009/10: 53.0%)
- The surplus for the year retained within general reserves was £15.4m (2009/10: £6.2m) after taking into account a £5.6m donation of assets relating to Green College and an £8.1m write back of impairment provisions in relation to Icelandic bank deposits.
Contact details
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Finance Communications Team (University access only)
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Email: finance.communications@admin.ox.ac.uk
The
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