Financial Affairs
The Funding Statements for the year ended 30 September 2011, as prepared on the agreed harmonised basis for the Irish University sector, were approved by the Board on 25 January 2012. The Funding Statements represent Part I of the financial reporting requirements of the Universities Act and reflect the core teaching/unfunded research and research grants and contracts activity in the Income & Expenditure Account.
The Consolidated Financial Statements, which represent Part II of the financial reporting requirements and prepared in accordance with generally accepted accounting standards, are expected to be finalised in 2012.
The actual outturn for the year was a surplus of €0.1m which reflects a robust financial performance in difficult circumstances and has been achieved against the backdrop of a continued significant reduction in state funding in 2011
Financial statements are available at the Treasurer's Office site
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