Financial Highlights

Jessica Pilford has enrolled in UBC Okanagan second-year science with the help of a $40,000 Major Entrance Scholarship and $4,000 President’s Entrance Scholarship.

UBC has a strong commitment to the interdependent Triple Bottom Line approach of financial, environmental and social accountability in support of the University’s Trek 2010 strategic plan.

Complete financial statements are available on the Financial Services web site (PDF).

Financial Highlights (in thousands)	2006	2005

Total Revenue	1,569,762	1,254,946
Operating Surplus for the Year	313	721

Revenues (in thousands)

Government Grants & Contracts	780,327	636,557
Sales, Services and Other	317,669	279,357
Student Fees	265,651	232,086
Non-Government Grants, Contracts & Donations	92,662	96,206
Investment Income	113,453	10,740
Total Revenues	1,569,762	1,254,946

Expenses (in thousands)

Salaries and Benefits	863,876	750,989
Supplies and General Expenses	302,617	237,186
Depreciation	119,104	103,708
Cost of Goods Sold	49,106	41,795
Scholarships, Fellowships and Bursaries	51,738	52,907
Grants and Reimbursements to Other Agencies	61,314	54,559
Total Expenses	1,447,755	1,241,144

Assets (in thousands)

Current Assets	428,941	296,785
Investments	932,251	817,891
Property, Plant and Equipment	1,704,673	1,430,968
Total Assets	3,065,865	2,545,644

Liabilities & Net Assets (in thousands)

Current Liabilities	175,589	125,236
Employee Future Benefits	3,931	4,102
Deferred Contributions	283,539	209,183
Deferred Capital Contributions	978,533	882,955
Deferred Land Lease Revenue	98,695	76,880
Long-Term Debt	301,597	182,047
Net Assets	1,223,981	1,065,241
Total Liabilities & Net Assets	3,065,865	2,545,644

Research Awards & Revenue

A record high $485.6 million in research awards continues to support UBC’s mandate of "outstanding research to serve the people of B.C., Canada and the world".

With increases in research funding, student enrolment and government funding, UBC’s total revenue reached $1.6 billion at March 31, 2006.

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