The University of Newcastle’s 2011 Annual Report, including its financial statements, has been tabled in NSW Parliament by the NSW Minister for Education, Adrian Piccoli.
In 2011, the University’s income was $580 million, which includes $29.5 million in Commonwealth funding for capital works to be spent in future years. The University reported a surplus of $28.7 million.
The University's revenue increased 5.7 per cent over the 2010 year, primarily due to additional Commonwealth Supported Places, increased numbers of fee paying international students, and strong returns on investments.
The University’s assets increased by $104 million over the previous year, reaching $1.37 billion. Operating activities generated cash of $70 million. Of this, $44 million was invested in property, plant and equipment.
This year, the Annual Report included details of the salaries of its senior team.
Vice-Chancellor, Professor Caroline McMillen, said the Annual Report also included benchmarking information to enable a comparison with senior salaries at other Australian universities.
“As a vice-chancellor, my job is to ensure the University attracts and retains the best leadership team while keeping a firm eye on the ‘bottom line’.
“Based on the benchmarking information, our senior salaries were generally ranked in the second or third quarter for universities across Australia.
“In 2011 we delivered innovations in teaching and learning, provided greater opportunities for people to enter higher education, delivered world class research and innovation, and built strong connections with our communities,” Professor McMillen said.
The University’s achievements in 2011 included:
• Maintaining its ranking of ninth in Australia for research funding outcomes, by securing a total of $26.3 million in National Health and Medical Research Council (NHMRC) and Australian Research Council (ARC) funding
• An assessment in the Australian Government’s Excellence in Research Australia exercise that almost 70 per cent of the University’s research was equal or better than world standard
• Strengthening its position in providing higher education to students from disadvantaged backgrounds. Indigenous participation and access was higher than the national average with 676 Indigenous students enrolled at the University in 2011
• Embedding Work Integrated Learning into 90 per cent of undergraduate degrees and implementing major upgrades to enhance online learning environments.
For interviews contact Carmen Swadling, Media and Public Relations, 02 4985 4276 or 0428 038 477.