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, 2005.

Complete financial statements are available at http://www.finance.ubc.ca/reports.cfm?year=2004-05.

Financial Highlights
Revenues
Expenses
Assets
Liabilities & Net Assets
Revenues - 1995 To Date

Financial Highlights (in millions)	2005	2004

Total Revenue	1,254.9	1,133.6
Operating Surplus for the Year	0.7	2.6
Accumulated Operating Surplus at End of Year	4.9	4.2

Revenues (in thousands)	2005	2004

Government Grants & Contracts	619,957	547,197
Sales, Services and Other	279,357	260,651
Student Fees	232,086	200,502
Non-Government Grants, Contracts & Donations	112,806	98,277
Investment Income	10,740	26,926
Total Revenues	1,254,946	1,133,553

Expenses (in thousands)	2005	2004

Salaries and Benefits	750,989	715,466
Supplies and General Expenses	237,186	229,628
Depreciation	103,708	85,552
Cost of Goods Sold	41,795	43,708
Scholarships, Fellowships and Bursaries	52,907	41,947
Grants and Reimbursements to Other Agencies	54,559	15,288
Total Expenses	1,241,144	1,131,589

Assets (in thousands)	2005	2004

Current Assets	296,785	326,855
Investments	817,891	804,492
Property, Plant and Equipment	1,430,968	1,210,587
Total Assets	2,545,644	2,341,934

Liabilities & Net Assets (in thousands)	2005	2004

Current Liabilities	125,236	113,014
Employee Future Benefits	4,102	4,801
Deferred Contributions	209,183	236,157
Deferred Capital Contributions	882,955	757,476
Deferred Land Lease Revenue	76,880	43,631
Long-Term Debt	182,047	172,470
Net Assets	1,065,241	1,014,385
Total Liabilities & Net Assets	2,545,644	2,341,934

Revenues - 1995 To Date

UBC has become a more than $1 billion operation, reflecting the tremendous growth of student enrolment and government-supported research that has occurred in the past decade.

to top

< back | next >