Financial Reports of Higher Education Providers

30 October 2012

 
 
The publication Finance 2011: Financial Reports of Higher Education Providers was released today. The publication contains the adjusted financial statements of 39 Australian universities.
 
Overall, the results demonstrate that Australia’s major public universities were in a good financial position at the end of 2011.
 
During 2011, the sector as a whole reported a surplus of $1.9 billion. All but one of the 39 universities reported a surplus.
 
Total revenue for these universities increased from $22.2 billion in 2010 to $23.7 billion in 2011 – up 6.8 per cent.
 
Australian Government funding, including loans to students, increased by 6.7 per cent to $13.3 billion in 2011. Its share of total university revenue remains steady at just over 56 per cent.
 
Revenue from international students increased to $4.1 billion in 2011, an increase of 6.2 per cent. Its share of revenue is just under 18 per cent.
 
Total net assets increased to $40.0 billion, up by nearly $1.3 billion, or 3.3 per cent, from 2010.
 
The debt to equity ratio remains modest. It increased from 0.32 in 2010 to 0.36 in 2011. External borrowings were $2.1 billion in 2011.
 
The report is available from the Higher Education Finance 2011 page.
 
Media Enquiries: DIISRTE Media Team 6213 6308