Finance – a chapter of the 2013 Annual Report of the University of Newcastle, Australia. Includes information about financial performance and outcomes.


The University's financial result for 2013 reflects modest growth in operating revenue and expenditures, with support from non-recurring capital grants. The University's strong financial position provides a solid platform for the achievement of future strategic directions.

Financial outcomes

In 2013 revenue grew by 3.3 per cent (2012: 13.9 percent) after removing the one-off impact of the Commonwealth Government's capital expenditure grants. 

Student-related revenue growth was offset by a decline in research revenue and investment earnings. The decline in investment earnings is largely attributable to a 2012 $15.8m dividend received on the disestablishment of a controlled entity. 

Total expenditure increased in 2013 by 4.7 per cent (2012: 6.5 per cent). The increase is driven primarily by additional costs associated with growth in student numbers and additional property-related costs. The University achieved and operating surplus in 2013 of $63.3m (2012: $59.8m). After removing the distortion arising from the $28.1m (2012: $18.4m) in non-recurring Commonwealth Government grants for capital expenditure, the result was a surplus of $35.2m (2012: $41.4m).

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