Triple Bottom Line
Financial Highlights
The University of British Columbia's financial statements have
been reported on by the Auditor General of British Columbia, the
auditor appointed by the University Act. The following are highlights
of the financial statements for the year ended March 31, 2004.
Complete financial statements are available at http://www.finance.ubc.ca/reports.cfm?year=2003-04.
| Financial Highlights
(in millions) |
2004 |
2003 |
|
| Total Revenue |
1,133.6 |
1,072.4 |
| Research Awarded to UBC |
343.0 |
377.0 |
| Net Unrestricted Operating
Surplus* |
2.6 |
3.7 |
| Accumulated Operating Surplus at End of Year |
4.2 |
1.6 |
*Excess of revenues over expenses net of capital expenditures
and transfers to and from internally and externally restricted funds.
| Revenues
(in thousands) |
2004 |
2003 |
|
| Government Grants &
Contracts |
547,197 |
517,922 |
| Sales, Services and Other |
260,651 |
261,204 |
| Student Fees |
200,502 |
148,671 |
| Non-Government Grants,
Contracts & Donations |
98,277 |
106,274 |
| Investment Income |
26,926 |
38,337 |
| Total |
1,133,553 |
1,072,408 |
| Expenses
(in thousands) |
2004 |
2003 |
|
| Salaries and Benefits |
715,466 |
651,501 |
| Supplies and General Expenses |
229,628 |
198,465 |
| Depreciation |
85,552 |
74,425 |
| Cost of Goods Sold |
43,708 |
40,250 |
| Scholarships, Fellowships
and Bursaries |
41,947 |
32,731 |
| Grants to Other Agencies |
15,288 |
14,737 |
| Total |
1,131,589 |
1,012,109 |
Statement of Financial Position in 2004
| Assets
(in thousands) |
2004 |
2003 |
|
| Current Assets |
326,855 |
348,956 |
| Investments |
804,492 |
728,563 |
| Property, Plant and Equipment |
1,210,587 |
999,678 |
| Total Assets |
2,341,934 |
2,077,197 |
| Liabilities & Net Assets
(in thousands) |
2004 |
2003 |
|
| Current Liabilities |
156,645 |
108,592 |
| Employee Future Benefits |
4,801 |
6,699 |
| Deferred Contributions |
236,157 |
199,496 |
| Deferred Capital Contributions |
757,476 |
588,759 |
| Long-Term Debt |
172,470 |
176,848 |
| Net Assets |
1,014,385 |
996,803 |
| Total Liabilities & Net Assets |
2,341,934 |
2,077,197 |
|
