National University of Ireland, Galway
Ollscoil na hÉireann, Gaillimh
Cuntais
na bliana dar chríoch 30 Meán Fómhair, 2009
Financial statements
for year ended 30 September, 2009
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30, Meán Fómhair, 2009
Tá gnéithe den chaiteachas Caipitiúil agus Reatha araon arna dtuairisciú sna Ráitis Airgeadais seo
maoinithe faoi cheann amháin nó níos mó de na cláir seo a leanas arna riaradh ag an UAO.
Elements of both Capital and Recurrent expenditure reported in these Financial Statements, have been funded under
one or more of the following programmes administered by the HEA
Funded under PRTLI
Administered by the HEA
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30 Meán Fómhair, 2009.
CLÁR | Table of Contents
Ráiteas Dualgas
Statement of Responsibility
Tuarascáil an Sparánaí
Bursar’s Report
Tuarascáil ó na hIniúchóirí Bainistíochta Neamhspléacha
Report of the Independent Management Auditors
Ráiteas ar Pholasaithe Cuntasaíochta
Statement of Accounting Policies
2
22
3-5
23 - 25
6
26
7-9
27- 29
CUNTAIS | Accounts
Ioncam agus Caiteachas Reatha Income and Expenditure
Clár Comhardaithe Balance Sheet
Ráiteas faoin Sreabhadh Airgid Cash Flow Statement
Nótaí faoi na Cuntais Notes to the Accounts
1
10
11
12
13 - 21
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30 Meán Fómhair, 2009.
Ráiteas Dualgas
Caithfidh an Ollscoil gach cuntas cuí agus gnásúil a fhaightear agus a chaitear, a choinneáil i gcibé
foirm a theastóidh ón gcomhaontú maidir le Comhchuibhriú Cuntas Airgeadais arna ghlacadh ag
gach Ollscoil in Éirinn. Agus na cuntais sin á n-ullmhú ag an Ollscoil, éilítear uirthi:



Beartais chuntasaíochta chuí a roghnú a bheidh de réir an chomhaontaithe maidir le
Comhchuibhriú Cuntas Airgeadais agus iad a chur i bhfeidhm go leanúnach;
Breithiúnais agus meastacháin a dhéanamh atá réasúnach agus ciallmhar;
Na ráitis airgeadais a ullmhú ar bhonn gnóthais leantaigh ach amháin mura cuí an
bonn sin.
Tá an Ollscoil freagrach as leabhair chuí chuntais a choimeád a insíonn tráth ar bith stádas
airgeadais na hOllscoile agus a chuireann ar a cumas a chinntiú go n-ullmhófar a ráitis airgeadais
de réir an chomhaontaithe maidir le Comhchuibhriú Cuntas Airgeadais. Tá an Ollscoil freagrach
freisin as sócmhainní ar fad na hOllscoile faoina rialú oibríochtúil a chosaint agus dá bhrí sin as
céimeanna réasúnacha a ghlacadh chun calaois agus neamhrialtachtaí eile a chosc agus a bhrath.
Ullmhófar sraith eile ráitis airgeadais le comhlíonadh agus beidh siad de réir prionsabail
chuntasaíochta a nglactar leo go coitianta in Éirinn agus sa Ríocht Aontaithe cé go n-ullmhaítear
na ráitis airgeadais seo don Údarás um Ard-Oideachas de réir an chomhaontaithe maidir le
Comhchuibhriú Cuntas Airgeadais.
Ullmhaíodh na ráitis airgeadais de réir théarmaí an ráitis airgeadais roimhe seo agus rinne
PricewaterhouseCoopers, iniúchóirí bainistíochta na hOllscoile, iniúchadh orthu.
Ba chóir a thabhairt faoi deara gurb é an tArd-Reachtaire Cuntas agus Ciste iniúchóir reachtúil na
hOllscoile.
Ar son Údarás na hOllscoile
____________________________
Uachtarán
30 Meitheamh, 2010
2
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30 Meán Fómhair, 2009.
Tuarascáil an Sparánaí
Réamhrá
Léiríonn na ráitis airgeadais seo príomhghníomhaíochtaí na hOllscoile don bhliain dar chríoch an 30
Meán Fómhair 2009 agus staid an chláir chomhardaithe an dáta sin de réir na mbeartas cuntasaíochta
agus na bhformáidí a comhaontaíodh idir an earnáil agus an tÚdarás um Ard-Oideachas i 1997/98.
Tá ráitis airgeadais chomhdhlúite ullmhaithe chomh maith i bhformáid GAAP (cleachtas
cuntasaíochta a nglactar i gcoitinne leis) lena n-áirítear gníomhaíochtaí fhochuideachtaí agus
chuideachtaí gaolmhara na hOllscoile de réir na gcaighdeán cuntasaíochta a bhunaigh Bord na
gCaighdeán Cuntasaíochta Airgeadais (ASB). Déantar na cuntais GAAP sin a thuairisciú agus a
iniúchadh astu féin.
Torthaí na bliana
Mar a fheictear ar leathanach 10, léiríonn cuntas ioncaim agus caiteachais na bliana easnamh €4.4m
rud a thugann easnamh carnach €42M amhail an 30 Meán Fómhair 2009. Den chuid is mó, is mar
gheall ar sholáthar do chostais phinsean neamh-mhaoinithe agus tionscadail mhóra chaipitil an teasnamh seo. Is é an soláthar carnach do phinsin agus do chostais eile faoin Reachtaíocht um
Chosaint Fostaithe €31M anois.
Laghdú ar dheontais athfhillteacha an Stáit
Tá éiginnteacht mar gheall ar an gcúlú idirnáisiúnta eacnamaíochta agus dúshláin ó thaobh maoinithe
de mar gheall ar na fadhbanna náisiúnta maicreacnamaíochta ag cur isteach ar an maoiniú athfhillteach
don Ollscoil seo i gcónaí. Mar gheall ar chiorruithe Rialtais tá laghdú mór tagtha ar líon na gcomhaltaí
foirne agus ar bhuiséid neamhphá. Chuir na nithe seo isteach go mór ar na torthaí seo agus leanfaidh
sé sin ar aghaidh ag cur isteach ar an treo straitéiseach agus ar chumas feidhmeach na hOllscoile
amach anseo.
Soláthar do chostais phinsean
Rinneadh forbairtí móra i rith na bliana ó thaobh na bpinsean de (maoiniú pinsean go sonrach) agus
an fhorbairt is suntasaí i Meitheamh 2009 nuair a achtaíodh an tAcht um Bearta Airgeadais (Forálacha
Ilghnéitheacha) 2009. Faoin Acht seo, aistríodh sócmhainní phríomhchiste pinsean na hOllscoile
(Comhchiste Pinsean - JPS) chuig an stát agus clúdóidh an stát aon easnamh gaolmhar i sreabhadh
airgid an chiste. Seachas an JPS, maoineofar an chuid eile de na socruithe pinsean ar bhunús ‘íoctar
mar a úsáidtear’. Tá ábhar eile imní agus easpa soiléireachta fós ann agus tá siad á bplé ag na ranna
rialtais cuí agus ag grúpa oibre an IUA/HEA, agus go dtí go réiteofar iad seo, caithfimid soláthar a
dhéanamh d’oibleagáidí pinsean nach bhfuil réitithe fós.
Taighde
Tá an t-ioncam ó thaighde conartha agus leibhéil ghníomhaíochta ghaolmhara mar a chéile agus
coinneofar súil orthu mar gheall ar an mbeartas rialtais agus ar an ngeilleagar eacnamaíochta dá
dtagraítear thuas.
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Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30 Meán Fómhair, 2009.
An clár infheistíochta caipitil
Tá an clár infheistíochta caipitil fós á chur i bhfeidhm agus tá dul chun cinn cuntasach déanta ar an
Scoil Innealtóireachta agus ar sholáthar áiseanna cuí láraithe don taighde. Léiríonn Nóta 17 leis na
cuntais seo gur caitheadh €35M ar chaipiteal i rith na bliana, caitheadh €12M de sin ar threalamh, sna
haonaid acadúla den chuid is mó.
Conclúid
D’ainneoin na ndúshlán atá léirithe thuas, leanfaidh an Ollscoil uirthi sna blianta atá le teacht ag rialú
costas agus ag uasmhéadú ioncaim, agus, ag an am céanna, leanfaidh sí ar aghaidh leis an bplean
straitéiseach uaillmhianach agus leis an gclár um fhorbairt chaipitil.
Táim buíoch, mar is gnách, den fhoireann airgeadais as a gcuid oibre agus a ndúthracht d’obair aonad
an Sparánaí, go háirithe an rialú atá á dhéanamh ar an earnail agus acmhainní don rialú céanna á
ngearradh siar.
Mary C. Dooley, FCA, MBA,
Sparánaí
30 Meitheamh, 2010
4
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30 Meán Fómhair, 2009.
Ioncam Reatha 2008-2009

Deontais Stáit
€79.7 m
34%

Táillí na Macléinn €79.8 m
35%

Deontais Taighde €52.8 m
23%

Ioncaim Eile
8%
€18.2 m
Tá ioncam iomlán na bliana 8% níos mó ná an t-ioncam a tuairiscíodh anuraidh. Léiríonn sé sin méaduithe
ar tháillí mac léinn agus ar Dheontais Stáit. Léiríonn ioncam ó Thionscadail agus deontais taighde méadú
de 13.5% i rith na bliana.
Caiteachas Reatha 2008-2009
 Acadúla
€180.2 m
77%
 Foirgnimh
€29.1 m
13%
 Riarachán
€15.1 m
6%
 Seirbhísí Macléinn €5.9 m
2%
 Eile
2%
€4 m
Tháinig méadú de 4 % ar an gcaiteachas.
Caiteachas Caipitil 2008-2009
 Foirgnimh
€22.4m
65%
 Trealamh
€ 12.3m
35%
Léiríonn na cuntais a ndearnadh iniúchadh orthu caiteachas caipitil de €34.7m i rith na bliana, a
mhiondealaítear ina €22.4 m ar fhoirgnimh agus agus €12.3m ar threalamh.
Deontais Caipitil 2008-2009
 ÚAO
€22.2 m
54%

€18.8 m
46%
Neamhspléach
€ 41 m a cuireadh chun sochair le linn na bliana agus miondealaítear thuas foinsí na suime sin.
5
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30 Meán Fómhair, 2009.
Tuarascáil ó na hIniúchóirí Bainistíochta Neamhspléacha
Chuig baill Údarás na hOllscoile, Ollscoil na hÉireann, Gaillimh.
Tá iniúchadh déanta againn ar na ráitis airgeadais ar leathanaigh 7 go 21.
Freagrachtaí na hOllscoile agus Freagrachtaí na nIniúchóirí
Tá an Ollscoil, faoi mar a leagtar amach ar leathanach 2, freagrach as na ráitis airgeadais a chur le chéile
faoin gcomhaontú um Chomhchuibhriú Cuntas Ollscoileanna. Is fúinne atá sé na ráitis airgeadais sin a
iniúchadh de réir na gcaighdeán iniúchóireachta arna n-eisiúint ag Bord na gCleachtas Iniúchóireachta –
cleachtais a bhfuil feidhm leo in Éirinn.
Is do bhaill Údarás na hOllscoile agus dóibhsean amháin, mar chomhlacht faoi réir ár gceapacháin, a
cuireadh an tuarascáil, móide an tuairim, seo le chéile. Ní ghlacfaimid, ná ní ghéillimid, freagracht, agus
an tuairim seo á tabhairt againn, as aon cuspóir eile ná as aon duine eile dá dtaispeántar an tuarascáil seo nó
as aon duine eile a thiocfadh i seilbh na tuarascála seo, ach amháin sa chás gur le cead sainráite scríofa
uainne a tharlaíonn a leithéid.
Tuairiscimid duit an tuairim atá againn cibé ar ullmhaíodh na Ráitis Airgeadais go cuí agus de réir an
Chomhaontaithe um Chomhchuibhriú Cuntas Ollscoileanna – comhaontú a nglacann gach Ollscoil in
Éirinn leis. Luaimid cibé an bhfuil an fhaisnéis agus na míniúcháin uile is gá chun críche na
hiniúchóireachta faighte againn agus cibé an dtagann na Ráitis Airgeadais leis na leabhair chuntais.
Tuairiscimid freisin cibé ar choinnigh an Ollscoil leabhair chuntais chuí, dar linn.
Bunús na Tuairime
Rinneamar an t-iniúchadh ar na ráitis airgeadais don bhliain dar chríoch an 30 Meán Fomhair 2009 de réir
na gCaighdeán Iniúchóireachta a d’eisigh Bord na gCleachtas Iniúchóireachta. Mar chuid den iniúchadh
déantar scrúdú, ar bhonn tástála, ar fhianaise a bhaineann leis na suimeanna agus an faisnéisiú a bhíonn sna
ráitis airgeadais. Áirítear air, freisin, measúnú ar mheastacháin shuntasacha agus breithiúnais a rinne an
Ollscoil agus na ráitis airgeadais á n-ullmhú agus cibé an oireann na beartais chuntasaíochta do chúinsí na
hOllscoile, cibé an gcuirtear i bhfeidhm go leanúnach iad agus cibé an ndéantar faisnéisiú orthu mar is cuí.
Phleanálamar agus rinneamar ár n-iniúchadh chun gach faisnéis agus míniúcháin a bhailiú – faisnéis agus
míniúcháin a mheastar a bheith riachtanach chun fianaise leordhóthaineach a chur ar fáil dúinn d’fhonn
dearbhú réasúnach a thabhairt go bhfuil na ráitis airgeadais saor ó mhíráiteas ábhartha, bíodh sin de bharr
calaoise nó neamhrialtachta nó earráide. Agus sinn ag teacht ar thuairim, rinneamar measúnú ar
leordhóthanacht chur-i-láthair na faisnéise sna ráitis airgeadais tríd is tríd.
An Tuairim
Is é an tuairim atá againn i leith ráitis airgeadais na hOllscoile don bhliain dar chríoch an 30 Meán Fómhair
2009 ná gur ullmhaíodh mar is cuí iad de réir an Chomhaontaithe um Chomhchuibhriú Cuntas.
Fuaireamar gach faisnéis agus gach míniú a mheasamar a raibh gá leo chun an t-iniúchadh a dhéanamh. Is
é an tuairim atá againn ná gur choimeád an Ollscoil leabhair chuntais chuí. Tá na ráitis airgeadais ag teacht
leis na leabhair chuntais.
PricewaterhouseCoopers
Cuntasóirí Cairte agus Iniúchóirí Cláraithe
Luimneach
30 Meitheamh, 2010
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Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30 Meán Fómhair, 2009.
Ráiteas ar Pholasaithe Cuntasaíochta
A
Ráitis Airgeadais
Tugann na ráitis airgeadais léiriú ar theagasc, taighde agus gníomhaíochtaí seirbhíse atá bainteach
leis an Ollscoil. Déantar ráitis airgeadais maidir le Ciste Pinsean na hOllscoile agus gníomhaíochtaí
coimhdeacha neamhspléacha airgeadais a chur i láthair astu féin.
B
Coinbhinsiún Cuntasaíochta
Ullmhaítear na Ráitis Airgeadais faoin gcoinbhinsiún costais stairiúil, arna mhionathrú chun
athluacháil ar thalamh agus ar fhoirgnimh a chur san áireamh. Cuirtear i láthair iad de réir an
chomhaontaithe reatha um Chomhchuibhiú Ráiteas Airgeadais arna ghlacadh le haghaidh gach
Ollscoile Éireannaí.
C
Deontais Stáit i gcomhair Caiteachas Reatha
Áirítear deontais reatha ar bhunús fabhruithe. Tá an Deontas Reatha a úsáidtear i gcomhair
sócmhainní dochta a cheannach aistrithe go dtí an cúlchiste ginearálta.
D
Deontais Stáit i gcomhair Caiteachas Caipitiúil
Áirítear sna ráitis airgeadais na deontais stáit atá ceadaithe ag an ÚAO do chaiteachas caipitiúil den
tréimhse de réir an méid airgid a fritheadh.
E
Ioncam Táillí
Déantar ioncam táillí a mheas ar bhunús fabhruithe agus déantar é a thuairisciú ag leibhéil táillí an
Aontas Eorpaigh. Áirítear ioncam táillí Neamh-Aontas Eorpaigh suas go dtí leibhéal an Aontais
Eorpaigh agus déantar aon fhuílleach (suas go dtí an tAonad Costas déanaí is mó a mbaineann sé
leis) a thuairisciú faoi Ioncam Ilghnéitheach. Áirítear aon fhuílleach atá os cionn an Aonaid Costais
is déanaí a mbaineann sé leis faoi sheirbhísí coimhdheacha.
F
Leithdháiltí Ceadaithe
Tá an cuntas ioncam agus caiteachas ullmhaithe ar bhunús fabhruithe cé is móite de na heisceachtaí
seo a leanas:
(i)
(ii)
Caiteachas neamhphá na ranna acadúla agus ranna seirbhísí éagsúla agus ioncam na ranna
seo nuair is ann dó.
Trealamh roinne agus mionoibreacha.
Sna cásanna seo, tá na fuílligh inmheánacha tugtha chuig an Chlár Chomhardaithe faoi
"Sócmhainní Reatha nó Dliteanais", mar is cuí.
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Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30 Meán Fómhair, 2009.
Ráiteas ar Pholasaithe Cuntasaíochta, ar lean
G
Sócmhainní Dochta agus Dímheas
Tá na Sócmhainní Dochta ar fad luaite de réir a gcostas stairiúil ach amháin talún agus foirgnimh.
Tá foirgnimh a bhí tógtha ag 30.9.98 athluacháilte go hinmheánach, ar bhonn indibhidiúil, ag an
luach reatha athsholáthair, lúide an dímheas a bhaineann leo. Tá na foirgnimh a thógtar le linn na
bliana luaite ag a gcostas stairiúil ar an mbunús go mairfidh siad caoga bliain. Tá talamh
athluacháilte go hinmheánach ar bhunús úsáid reatha.
Is mar seo a leanas a meastar an t-achar a sheasann úsáid na sócmhainní dochta de réir mar a
áirítear dímheas ar bhunús dronlíneach.
Foirgnimh:
Trealamh Ríomhaireachta:
Trealamh Eile
Níl dímheas i gceist i gcás talún
H
50 bliain
3 bliana
5 bliana
Cúlchiste Ginearálta
Léiríonn an Cúlchiste Ginearálta luach an chistiúchán atá iarrtha i gcomhair réamhchúraim
caipiteal, tar éis amúchtha i gcomhréir le dímheas, maraon le fuílleach ar ghníomhaíochta seirbhíse
coimhdheacha.
I
Deontais Thaighde agus Thionscadail
Taispeáintear caiteachas taighde conartha glan ó ranníocaíocht go costais indíreacha. Áirítear
ioncam ó dheontais thaighde chonartha sa Chuntas Ioncam agus Caiteachas de réir costas an
chaiteachais a bhain leis. Áirítear ranníocaíocht taighde conartha go costais indíreacha na
hOllscoile faoi Ioncam Eile. Áirítear sócmhainní dochta maoinithe trí Dheontais Taighde faoi
‘Sócmhainní Dochta’ sa Chlár Chomhardaithe.
J
Airgead Coigríche
Aistrítear ioncam agus caiteachas ainmnithe in airgid coigríche de réir na rátaí malairte atá i réim ar
dhátaí na hidirbheartaíochta. Aistrítear sócmhainní agus dliteanais ainmnithe in airgid coigríche go
Euro de réir na rátaí malairte atá i réim ar dháta an Chláir Chomhardaithe. Déileáiltear le haon
bhrabúis nó caillteanais a bhíonn ann dá thoradh seo taobh istigh den chuntas ioncam.
K
Cánachas
Níl aon soláthairtí déanta do chánachas mar go bhfuil stádas saor ó cháin ag an Ollscoil.
L
Seirbhísí Coimhdheacha
Is seirbhísí coimhdheacha na seirbhísí (nach bhfuil áirithe faoi ghnó comhlachta) a chuirtear ar fáil
ar an gcampas ar bhunús costas téarnamh agus atá pleanáilte le briseadh cothrom sa meántéarmach.
Airítear ioncam infheistíochta ar an chúlchiste forbartha bonneagar faoin teideal seo freisin.
Aistrítear an glanthoradh ar na gníomhaíochtaí seo go dtí an Cuntas Cúlchiste Ginearálta.
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Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30 Meán Fómhair, 2009.
Ráiteas ar Pholasaithe Cuntasaíochta, ar lean
M.
Pinsin
Feidhmíonn an Ollscoil scéimeanna sochair shainithe, ranníocaíochta sonraithe agus PRSA pinsin,
mar is cuí, agus sócmhainní coimeádta i gcistí riartha ar leith.
I gcás na scéimeanna sochair shainithe, bíonn pinsin bhunúsacha scoir fhoireann na hOllscoile
maoinithe ag ranníocaíochtaí chuig Ciste Pinsin na hOllscoile ("an ciste pinsin") ag ráta
réamhbheartaithe de phá inphinsin. Cuirtear arduithe i bpinsin bhunúsacha scoir de mhuirear ar
chuntas Ioncaim agus Caiteachais na hOllscoile. Cuirtear ranníocaíochtaí fostóirí chuig an scéim
sochair shainithe de mhuirear ar chuntas ioncaim agus caiteachais na hOllscoile chomh maith, mar
aon le costais tuarastail agus phá na bhfostaithe. Ullmhaítear ráitis airgeadais ar leith don Chiste
Pinsin sochair shainithe.
N
Stoc
Úsáidtear costas nó an luach readtha glan, pé díobh is lú, agus is earraí inchaite saotharlainne,
stáiseanóireacht agus ábhair fhoirgnimh an chuid is mó daoibh.
O
Infheistíochtaí
Tá infheistíochtaí luaite ag a gcostas stairiúil.
9
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30 Meán Fómhair, 2009.
Ioncam agus Caiteachas | Income and Expenditure
Ioncam | Income
2009
€’000
2008
€’000
79,727
79,819
18,209
76,140
70,679
17,151
177,755
163,970
52,843
52,399
230,598
216,369
92,976
22,868
21,397
7,775
15,117
5,915
6,218
4,016
87,438
17,071
21,688
11,843
15,228
5,848
5,659
3,496
176,282
168,271
58,685
57,441
234,967
225,712
(4,369)
(9,343)
2,167
(19,228)
17,061
1,441
2,148
(19,109)
16,961
-
(2,928)
(9,343)
Nóta
Note
1
2
3
Deontais Stáit State Grants
Táillí na Mac Léinn Student Fees
Ioncaim Eile Other Income
Deontais Taighde agus Tionscnaimh Research Grants and Projects
4
Iomlán Total
Caiteachas | Expenditure
Rannóga Acadúla Academic Departments
Seirbhísí Acadúla Academic Services
Foirgnimh Premises
Tograí Foirgníochta agus Trealaimh Building and Equipping Projects
Riarachán Administration
Costais Eile Oideachais General Educational Expenditure
Áiseanna agus Conláistí Facilities and Amenities
Costais Ilghnéitheacha Miscellaneous Expenditure
5
6
7
8
9
10
11
12
Deontais Taighde agus Tionscnaimh Research Grants and Projects
13
Iomlán Total
Easnamh ar ghníomhaíochtaí roimh dhíscríobh Cúlchistí
Deontais Caipitil, Seirbhísí agus Coimhdeacha agus Dímheas
Deficit on activities before amortisation of Capital Reserves and Grants, ancillary
services and depreciation
Breis ar Sheirbhísí Coimhdeacha Surplus on Ancillary Services
Dímheas Depreciation
Gluaiseacht sa Chúlchiste Ginearálta General Reserve Movement
Coigeartú ar chúlchistí oscailte maidir le ciste pinsean
Adjustment to op. reserves re pension fund
Easnamh don Bhliain
Deficit for year
14
15
16
Is cuid de na cuntais seo an Ráiteas ar Pholasaithe Cuntais, an Ráiteas faoin Sreabhadh Airgid agus Nótaí 1 go 26.
The statement of Accounting Policies, Cash Flow Statement and Notes 1 to 26, form part of these Accounts
Síniú _____________________________________
______________________
Oifigeach Cuntasaíochta/Uachtarán
Meabhránaí Registrar
Accounting Officer/President
10
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30 Meán Fómhair, 2009.
Clár Comhardaithe | Balance Sheet
Nóta
2009
€’000
2008
€’000
Note
17
24
Sócmhainní Dochta Fixed Assets
Infheistíochtaí Investments
336,191
45,444
320,630
43,413
381,635
364,043
37,033
44,734
100
28,495
41,450
18
81,867
69,963
154,646
143,447
(72,779)
(73,484)
(24,823)
(24,888)
284,033
265,671
Sócmhainní Reatha Current Assets
Fuílligh sna Bainc agus Airgead Bank Balances and Cash
Feichiúnaithe agus Réamhíocaíochtaí Debtors and Prepayments
Stoc Stock
18
Dliteanais Reatha Current Liabilities
Creidiúnaithe agus Caiteachas Fabhraithe níos lú ná bliain amháin
Creditors and Accrued Expenditure less than one year
19a
Dliteanas Reatha Glan Net Current Liabilities
Creidiúnaithe agus Caiteachas Fabhraithe níos mó ná bliain amháin
Creditors and Accrued Expenditure more than one year
19b
Sócmhainní Iomlána Glan Total Net Assets
Arbh iad seo a bhfoinsí Represented by
Cúlchiste Ginearálta General Reserve
20
325,717
304,427
Cúlchíste Easnamh Current Deficit
21
(41,684)
(38,756)
284,033
265,671
Is cuid de na cuntais seo an Ráiteas ar Pholasaithe Cuntais, an Ráiteas faoin Sreabhadh Airgid agus Nótaí 1 go 26.
The Statement of Accounting Policies, Cash Flow Statement and Notes from 1 to 26 form part of these Accounts.
Síniú _________________________________________
Oifigeach Cuntasaíochta/Uachtarán
Accounting Officer/President
11
___________________
Meabhránaí Registrar
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30 Meán Fómhair, 2009.
Ráiteas faoin Sreabhadh Airgid | Cash Flow Statement
€’000
Glan insreabhadh/(eis-sreabhadh) airgid ó ghníomhaíochtaí
oibrithe (Nóta 22)
Net Cash inflow/(outflow) from Operating Activities (Note 22)
2009
€’000
€’000
2008
€’000
(6,551)
124
3,101
3,483
Toradh ar Infheistíocht agus Fónamh Airgeadais
Return on Investment and Servicing of Finance
Ús faighte glan Net Interest Received
Glan eis-sreabhadh airgid ó ghníomhaíochtaí infheistithe
Net Cash Outflow from Investment Activities
34,789
Caiteachas ar thionscnaimh chaipitil
Expenditure on Capital Projects
2,031
Gluaiseacht Infheistíochtaí Investment movement
42,498
(36,820)
6,207
(45,098)
(40,270)
Glan eis-sreabhadh airgid roimh mhaoiniú
Net Cash outflow before Financing
(48,705)
Maoiniú Financing
Aistriú ó Ioncam agus Caiteachas
Transfer from Income and Expenditure
7,775
11,843
Deontais Caipitil ÚAO HEA Capital Grant
22,271
8,639
Deontais Caipitil Neamh ÚAO Non HEA Capital Grant
18,762
12,157
48,808
32,639
Glan insreabhadh/ (eis-sreabhadh) tar éis maoiniú
8,538
(12,459)
Méadú/(Laghdú) ar airgead agus a chomhionann (Nóta 23)
Increase /(Decrease) in cash and cash equivalents (Note 23)
8,538
(12,459)
Glan insreabhadh airgid ó mhaoiniú Net Cash inflow from financing
Net inflow/(outflow) after financing
12
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30 Meán Fómhair, 2009.
Nótaí faoi na cuntais | Notes to the Accounts
1.
2.
2009
2008
Deontais Stáit State Grants
€’000
€’000
Deontais Reatha Recurrent Grants
Cistiú Sprioctha do Thionscnaimh Speisialta
Targeted Funding for Special Initiatives
Mion Oibreacha Minor Works
78,724
903
74,078
1,962
100
100
79,727
76,140
79,445
374
70,542
137
79,819
70,679
3,101
2,202
2,656
6,537
2,173
(515)
2,055
3,483
1,822
1,267
7,401
2,028
(2,030)
3,180
18,209
17,151
Táillí na Mac Léinn Student Fees
Táillí Acadúla Academic Fees
Táillí Ilghnéitheach Miscellaneous Fees
3.
Ioncam Ilghnéitheach Miscellaneous Income
Ús Saothraithe Interest Receivable
Poist Mhaoinithe Funded Posts
Cíos srl. Rent etc.
Deontais Taighde Research Grants
Táillí Neamh AE Non EU Fees
Ioncam ó Infheistíochtaí Income from Investments
Ioncam Eile Other Income
13
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30 Meán Fómhair, 2009.
Nótaí faoi na cuntais, ar lean | Notes to the Accounts cont’d
Pá
Pay
€’000
4.
€’000
25,788
266
26,489
300
52,277
566
47,705
4,694
26,054
26,789
52,843
52,399
65,748
6,844
6,302
59,989
6,517
6,842
13,715
13,715
13,745
367
367
345
14,082
92,976
87,438
6,174
191
523
1
1,116
2,628
1,801
128
86
28
1,441
41
982
61
277
6,656
4,695
170
86
28
7,615
232
1,505
62
1,393
6,637
4,774
79
101
36
2,678
263
163
426
524
15,232
7,636
22,868
17,071
4,929
2,551
6,905
1,854
100
1,029
961
3,068
11,834
4,405
100
1,029
961
3,068
12,176
4,437
100
812
694
3,469
7,480
13,917
21,397
21,688
65,748
6,844
6,302
78,894
Seirbhísí Acadúla Academic Services
An Leabharlann Library
Seirbhísí Ríomhaireachta Computer Services
An Teanglann Language Centre
Acraí Teagaisc Audio Visual Centre
Míocrascóp Leictreon Electron Microscopy Unit
Gaeilge Labhartha Spoken Irish
Staidéar Iarchéime Graduate Studies
Ceangail na Tionscolaíocht Technology Transfer
Eolaíocht Mhara Marine Science
An tIonad un Fheabhas Foghlama agus Teagaisc
Centre for Excellence in Learning &Teaching
Oifig Feabhais Quality Office
7.
2008
Rannóga Acadúla Academic Departments
Acadúil Academic
Teicniúil Technical
Riarachán agus Rúnaíocht
Administration and Secretarial
Deontais Rannóga Acadúla
Academic Department Grants
Ilchostais Miscellaneous
6.
2009
Iomlán
Total
€’000
Deontas Taighde agus Tionscnaimh Research Grants and Projects
Deontais Taighde Research Grants
Tionscnaimh Eile Other Projects
5.
N/Phá
Non Pay
€’000
Foirgnimh
4,028
2,894
42
1,025
73
1,144
Premises
Cúram Foirgneamh Premises Maintenance
Seirbhísí Ginearálta General Services
Mion Oibreacha Minor Works
Cíos agus Rátaí Rent and Rates
Árachas Insurance
Costas Fuinnimh Energy Costs
14
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30 Meán Fómhair, 2009.
Nótaí faoi na cuntais, ar lean | Notes to the Accounts cont’d
8.
N/Phá
Non Pay
2009
Iomlán
Total
2008
Pá
Pay
€’000
€’000
€’000
€’000
Tograí Foirgníochta agus Trealaimh Building and Equipping Projects
4,065
3,710
4,065
3,710
9,149
2,694
7,775
7,775
11,843
10,540
2,365
224
1,988
12,905
224
1,988
12,537
437
2,254
10,540
4,577
15,117
15,228
330
3,049
1,980
3,049
2,172
2,813
523
363
523
363
490
373
4,265
5,915
5,848
645
645
703
1,095
681
1,109
319
504
1,150
128
381
43
163
2,245
809
1,490
362
667
1,287
816
1,641
516
696
3,708
2,510
6,218
5,659
(102)
4,118
(102)
3,499
(3)
(102)
4,016
3,496
Foirgníocht Building
Trealamh Equipment
9.
Riarachán Administration
Seirbhísí Riarachán Administrative Services
Táillí Gairmiúla Professional Fees
Ilchostais Miscellaneous
10.
Costais Eile Oideachais General Educational Expenditure
1,650
Scrúduithe Examinations
Scoláireachtaí/Comhaltaí Iarchéime
Scholarships/Postgraduate Fellowships
Tobhach Ollscoil na hÉireann NUI Levy
Ilghnéitheach Miscellaneous
1,650
11.
Áiseanna agus Conláistí Facilities and Amenities
Deontas Ceannsraithe agus Eile
Capitation and Other Grants
Seirbhísí na Mac Léinn Student Services
Oifig na gCeapachán Careers Office
Cláracha Insroichteach Access Programmes
Spórt agus Caitheamh Aimsire Sport and Recreation
Sláinte agus Comhairleoireacht
Health and Counselling
12.
Costais Ilghnéitheacha Miscellaneous Expenditure
4,118
Pinsin Bhreise Additional Pensions
Difríocht Malairte Exchange Differences
4,118
15
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30 Meán Fómhair, 2009.
Nótaí faoi na cuntais, ar lean | Notes to the Accounts cont’d
N/Phá
Non Pay
€’000
2009
Iomlán
Total
€’000
121,622
54,660
176,282
168,271
31,897
26,788
58,685
57, 441
Pá
Pay
€’000
13.
153,519
81,448
234,967
Seirbhísí Cóipeála Copying Services
Cuntas Forbartha Development Fund
Ioncam infheistíochta ar Chiste Forbartha
Investment Income on Development Fund
366
366
Dímheas ar Sócmhainní Dochta Depreciation of Fixed Assets
Foirgneamh Buildings
Trealamh Equipment
16.
225,712
Seirbhísí Coimhdheacha - Athchoimre Ancillary Services - Summary
2009
Ioncam
Caiteachas/
Breis
Income Leithdháileadh Surplus
Expenditure/
Allocation
€’000
€’000
€’000
15.
€’000
Caiteachas Iomlán Total Expenditure
Seirbhísí Acadúla agus Seirbhísí Gaolmhara
Academic and Related Services
Deontais Taighde agus Tionscaimh
Research Grants and Projects
14.
2008
2008
€’000
366
366
1,891
276
1,971
177
2,167
2,148
2009
€’000
2008
€’000
11,039
8,189
10,409
8,700
19,228
19,109
Gluaiseacht sa Chúlchiste Ginearálta (Nóta 20) General Reserve Movement
Amhúchadh i gcomhréir le dímheas Amortisation in line with depreciation
Breis ar Sheirbhísí Coimdheacha ó loncam agus Caiteachas
go Cúlchiste Ginearálta
Surplus of Ancillary Services from Income and Expenditure to General Reserve Account
(19,228)
2,167
(19,109)
2,148
(17,061) (16,961)
16
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30 Meán Fómhair, 2009.
Nótaí faoi na cuntais, ar lean | Notes to the Accounts cont’d
17.
Sócmhainní Dochta Fixed Assets
Talamh agus Obair chaipitil
Foirgnimh
atá ar súil
Land & Buildings Capital WIP
€’000
€’000
Trealamh
Equipment
€’000
2009
Iomlán
Total
€’000
2008
€’000
Costas/Luacháil ag tús na bliana
Cost/Valuation at start of year
Costas Cost
Luacháil Valuation
212,635
189,709
8,288
94,496
315,419
189,709
272,932
189,709
Iomlán Total
402,344
8,288
94,496
505,128
462,641
15,710
6,721
12,358
34,789
Breiseanna ag Costas Additions at Cost
Diúscairtí sa Bhliain Disposals in year
Athchatagóiriú Recategorisation
42,498
(11)
-
3,740
(3,740)
Costas Cost
Luacháil Valuation
232,085
189,709
11,269
106,854
350,208
189,709
315,419
189,709
Iomlán Total
421,794
11,269
106,854
539,917
505,128
Costas/Luacháil ag Deireadh
Cost/Valuation at End
Dímheas Depreciation
Ag tús na bliana At start of year
Dímheas Charntha Díscríofa
Dímheas don bhliain Depreciation for year
Dímheas ar Dhiúscairtí
Depreciation on Disposals
Ag deireadh na bliana At end of year
105,328
79,170
184,498
11,039
8,189
19,228
165,400
(11)
19,109
116,367
87,359
203,726
184,498
Luacháil glan leabhair ag tús
297,016
8,288
15,326
320,630
297,241
Luacháil glan leabhair ag deireadh
305,427
11,269
19,495
336,191
320,630
Net book value at start
Net book value at end
17
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30 Meán Fómhair, 2009.
Nótaí faoi na cuntais, ar lean | Notes to the Accounts cont’d
2009
€’000
18.
Féichiúnaithe agus Réamhíocaíochtaí Debtors and Prepayments
Caiteachas Taighde Research Expenditure
Iasachtaí Tithíochta na Foirne Staff Housing Loans
Ilfhéichiúnaithe agus Réamhíocaíochtaí Debtors and Prepayments
Fuílligh idir Chuideachtaí Inter Company Balances
19.
2008
€’000
26,087
194
18,247
206
35,833
219
4,480
918
44,734
41,450
Creidiúnaithe Creditors
19a. Níos lú ná bliain amháin/Less than one year
Deontais Taighde Neamhchaite Research Grants Unexpended
Deontais Rialtais Faighte Roimhré State Grants received in advance
Taillí Acadúla Faighte Roimhré Academic Fees received in advance
Fuílligh Inmheánacha Internal Balances
Creidiúnaithe Eile agus Costais Dlite Other Creditors and Accruals
Fuílligh idir Chuideachtaí Inter Company Balances
55,698
9,944
16,728
2,699
69,457
120
52,542
13,089
17,063
1,889
56,733
2,131
154,646
143,447
24,823
24,888
19b. Níos mó ná bliain amháin/More than one year
Ceannach Maoine ar ais (Alt 843) Buy-back of property (Section 843)
20.
Cúlchistí Ginearálta General Reserve
Fuílleach
ag tús
Opening
Balance
€’000
Athrú sa
Bhliain
Current Year
Movement
€’000
189,709
Luacháil - Talamh agus Foirgnimh
Valuation – Land and Buildings
Deontas Caipitil on ÚAO
Capital Grant from HEA
Cuntas Ioncam agus Caiteachas
Income and Expenditure Account
Deontais Caipitil Neamhspléach
Independent Capital Grants
Eile (Aistriú faoi Seirbhísí Coimhdheacha san
áireamh)
Other (Transfer from Ancillary Services included)
Amúchadh go Cuntas Ioncam agus Caiteachas
Amortisation to Income and Expenditure Account
Amúchadh Carntha ar Dhiúscairtí
Accumulated amortisation on disposals
Closing
Balance
€’000
189,709
96,118
22,271
118,389
53,286
7,775
61,061
129,411
18,762
148,173
20,401
(8,290)
12,111
(184,544)
(19,228)
(203,772)
46
304,427
18
Fuílleach
ag Deireadh
46
21,290
325,717
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30 Meán Fómhair, 2009.
Nótaí faoi na cuntais, ar lean | Notes to the Accounts cont’d
21.
22.
2009
€’000
2008
€’000
Fuílleach ag tús de réir na gcuntas deiridh Opening Balance
Easnamh don Bhliain Deficit for year
(38,756)
(2,928)
(29,413)
(9,343)
Fuílleach Deiridh Closing Balance
(41,684)
(38,756)
Cúlchiste Easnamh Revenue Deficit
Réiteach ar Easnamh ar an Chuntas Ioncam agus Caiteachas
leis an breis glan insreabhadh/(eis-sreabhadh) airgid ó ghníomhaíochtaí oibrithe
Reconciliation of Income and Expenditure Account deficit to
net cash inflow/(outflow) from operating activities
Easnamh don Bhliain Deficit for year
Lúide Ús Faighte Glan Less Net Interest Received
Dímheas Depreciation
Amúchadh ar Chúlchistí Ginearálta Amortisation of General Reserves
(Méadú)/ Laghdúar Fheichiúnaithe agus Réamhíocaíochtaí
(Increase)/ Decrease in Debtors and Prepayments
(Méadú)/Laghdú ar Stoic (Increase)/Decrease in Stock
Méadú/(Laghdú) Chreidiúnaithe Increase/(Decrease) in Creditors
Méadú//(Laghdú) ar Chúlchiste Ginearálta (Eile)
Increase/(decrease) in General Reserve (Other)
Glan insreabhadh/(eis-sreabhadh) Airgid ó Ghníomhaíochtaí Oibrithe
Net Cash Inflow/(outflow) from Operating Activities
23.
(9,343)
(3,483)
19,109
(19,098)
4,393
(82)
11,134
(8,290)
179
7,403
964
(6,551)
124
Anailís ar athrú in Airgead agus a Chomhionann
Analysis of Change in Cash and Cash Equivalent
Fuílleach ag 1 Deireadh Fómhair Balance at 1st October
Glan (eis-sreabhadh)/ insreabhadh airgid Net Cash (outflow)/ inflow
Fuílleach ag 30 Meán Fómhair Balance at 30 September
24.
(2,928)
(3,101)
19,228
(19,228)
(3,284)
28,495
8,538
37,033
40,954
(12,459)
28,495
21,194
24,250
19,525
23,888
45,444
43,413
Infheistíochtaí Investments
Stoc rialtais srl. Government stocks etc.
Ciste Fiachmhúchta IIB IIB Sinking fund
19
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30 Meán Fómhair, 2009.
Nótaí faoi na cuntais, ar lean | Notes to the Accounts cont’d
2009
€’000
25.
Ceangaltais Chaipitil Capital Commitments
Ceangaltais conraithe ag 30 Meán Fómhair
Commitments contracted at 30 September
Údaraithe ach gan a bheith conartha ag 30 Meán Fómhair
Authorised but not contracted at 30 September
26.
2008
€’000
45,677
15,793
101,467
125,465
Faisnéisiú Páirtithe Gaolmhara Related Party Disclosures
Mioneolas ar ábhair ghaolmhara páirtithe agus idirbheartaíochta na hOllscoile leo mar
seo a leanas:
Details of material related parties and the University’s transactions therewith are as follows:
Áras na Mac Léinn Teo Fochuideachta ar leis an Ollscoil é ina iomláine, le hionad
spóirt na hOllscoile a oibriú. Tá an Ollscoil ag leanacht lena tacaíocht ó thaobh
riachtanas caipiteal oibre an chomhlachta ar agus ó 30 Meán Fómhair, 2009 bhí
€245,424 (2008: €57,081) dlite.
Áras na Mac Léinn Teo is a wholly owned subsidiary company incorporated to operate the University’s Sports
Centre. The University continues to support the working capital requirements of the Company and as of 30th
September 2009, was owed €245,424 (2008: €57,081).
Gaelstór Teo (Líonta Teo) Fochuideachta ar leis an Ollscoil é ina hiomláine, a bhfuil sé
i gceist aige cúrsaí Gaeilge a sholáthar ar an Idirlíon. Tá an Ollscoil ag leanacht lena
tacaíocht ó thaobh riachtanas caipiteal oibre an chomhlachta ar agus ó 30 Meán Fómhair,
2009, bhí €10,000 dlite (2008: €10,000).
Gaelstór Teo (Líonta Teo) is a wholly owned subsidiary company that intends to provide Irish courses on the Internet. The
University continues to support the working capital requirements of the Company and as of 30th September 2009 was owed
€10,000 (2008: €10,000).
Maoin Champais Teo Fochuideachta ar leis an Ollscoil é ina hiomláine, a chuireann
foirgnimh ar fáil faoi thearmaí léasa, le haghaidh oideachais na mac léinn. Tá an Ollscoil
ag leanacht lena tacaíocht ó thaobh riachtanas caipiteal oibre an chomhlachta ar agus ó 30
Meán Fómhair, 2009 bhí €74,331 dlite (2008: €33,239).
Maoin Champais Teo is a wholly owned subsidiary company that provides property under lease terms for the
provision of education to students. The University continues to support the working capital requirements of the
Company and as of 30th September, 2009 was owed €74,331 (2008: € 33,239).
Endenline Limited Fochuideachta ar leis an Ollscoil é ina hiomláine agus is í an
phríomhghníomhaíocht atá aige ná maoine Ollscoile a thógáil. I rith na bliana, rinne an
Ollscoil íocaíochtaí i leith oibre forbartha a rinneadh agus ó 30 Meán Fómhair, 2009 bhí
€474,123 dlite (2008: €2,039,661)
Endenline Limited is a wholly owned subsidiary company and its principal activity is the construction of
University properties. During the year, the University made payments in respect of development work done and, as of
30 September 2009 was owed €474,123 (2008: € 2,039,661).
20
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30 Meán Fómhair, 2009.
Tionól Teo Fochuideachta ar leis an Ollscoil é ina hiomláine, agus is í an
phríomhghníomhaíocht atá aici ná gníomhaíochtaí comhdhálacha na hOllscoile a
láimhseáil. Tá iasacht de €62,775 tugtha ag an Ollscoil don chomhlacht, ar a bhfuil
soláthar iomlán déanta dó. Ní raibh aon athrú ar an iasacht seo ag 30 Meán Fómhair 2009
agus 2008.
Tionól Teo is a wholly owned subsidiary company and its principal function is to operate the University conferencing
activities. The University has loaned €62,775 to it, which is fully provided for. There has been no change to this loan
balance as of 30th September 2009 and 2008.
21
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30 Meán Fómhair, 2009.
Statement of Responsibility
The University is required to keep in such form as may be required by the Harmonisation of Financial
Accounts agreement as adopted by all Irish Universities all proper and usual accounts of money
received and expended by it. In preparing those accounts, the University is required to:



Select suitable accounting policies that are in accordance with the Harmonisation of
Financial
Accounts agreement and apply them consistently;
Make judgements and estimates that are reasonable and prudent;
Prepare the financial statements on a going concern basis unless that basis is
inappropriate.
The University is responsible for keeping proper books of account which disclose at any time the
financial position of the University and which enables it to ensure that its financial statements are
prepared in accordance with the Harmonisation of Financial Accounts agreement. The University is
also responsible for safeguarding all assets under its operational control and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
A separate set of financial statements will be prepared to comply and in accordance with generally
accepted accounting principles in Ireland and the UK whereas these financial statements prepared for
the Higher Education Authority are prepared in accordance with the Harmonisation of Financial
Accounts Agreement.
The financial statements have been prepared in accordance with the terms of the foregoing statement
of responsibilities and have been audited by PricewaterhouseCoopers, the management auditors of
the University.
It should be noted that the Comptroller and Auditor General is the statutory auditor of the
University.
On behalf of the University Authority
________________________
President
30th June, 2010
22
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30 Meán Fómhair, 2009.
Bursar’s Report
Introduction
These financial statements reflect the core University activity for the year ended 30 September 2009
and the balance sheet position as at that date in line with accounting policies and formats agreed
between the sector and the Higher Education Authority in 1997/98.
Consolidated financial statements are also separately prepared in a GAAP (generally accepted
accounting practice) format incorporating the activities of the University’s subsidiaries and associate
companies in line with accounting standards established by the Accounting Standards Board (ASB).
Such GAAP accounts are separately reported and audited.
Results for the year
As can be seen on page 10, the income and expenditure account for the year shows a deficit of €4.4m
which brings the cumulative deficit to €42M as at 30th September 2009. This deficit is due in the main
to a combination of making provision for unfunded pension costs and for important capital projects.
The cumulative provision for pension and other costs under the Protection of Employees Legislation
now stands at €31M.
Erosion in level of State recurrent grants
Uncertainties associated with the international economic downturn and funding challenges generated
by the broader national macro-economic issues continue to impact on the level of recurrent funding
for this University. Government cut backs are leading to severe cuts in staffing levels and non-pay
budgets. These matters have certainly impacted on these results and will continue to have an effect on
the strategic direction and operational capacity of the University in the foreseeable future.
Provisions for pension costs
There have been significant developments during the year in the area of pensions (specifically pension
funding) and the most important development was the enactment in June 2009 of the Financial
Measures Miscellaneous Provisions Act 2009. This provided for the transfer of the assets of the
University’s main pension fund (Joint Pension Fund - JPS) to the state, and for the state to cover any
related deficits on the fund’s cash flows. Aside from the JPS, the remainder of the pension
arrangements will continue to be funded on a ‘pay as you go’ basis. There are still outstanding issues
of concern and lack-of-clarity that continue to be addressed between the relevant government
departments and IUA/HEA working group, and pending the full resolution of these, we continue to
make provision for potentially uncovered pension obligations.
Research
Income from contract research and related activity levels have been maintained and will be monitored
constantly in light of government policy and the broader economic environment referred to above.
Capital investment programme
The capital investment programme continues to be implemented with significant inroads being made
in the construction of the Engineering School and the provision of appropriate centralised facilities
23
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30 Meán Fómhair, 2009.
for the research functions. Note 17 to these accounts shows that we spent some €35M on capital
during the year including €12M on equipment, principally in academic units.
Conclusion
Notwithstanding the challenges outlined above, the University will continue in the years ahead to
control costs and maximise income, while continuing to press ahead with its ambitious strategic plan
and capital development programme.
My thanks as always to the finance team for their hard work and dedication to the work of the
Bursar’s unit, particularly in the face of ever increasing regulation and cut backs in resources for
administering same.
Mary C. Dooley, FCA MBA
Sparánaí / Bursar
30th June 2010
24
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30 Meán Fómhair, 2009.
RECURRENT INCOME 2008-2009

State Grants
€79.7 m
34%

Student Fees
€79.8 m
35%



Research Grant
€52.8 m
23%
Other Income
€18.2 m
8%
Total income for the year increased by 8%. This reflects increases in student fees and state grants as well as an increase
of 13.5% in income from funded research grants and projects.
RECURRENT EXPENDITURE 2008-2009

Academic
€180.2 m 74%

Building
€29.1 m
15%

Administration
€15.1 m
7%

Student Services
€5.9 m
2%

Other
€4m
2%
Total expenditure increased by 4%.
Other
(€2.3m)
2%
CAPITAL EXPENDITURE 2008-2009

Buildings

Equipment
€22.4 m
€12.3 m
65%
35%
The Audited Accounts show capital expenditure during the year at €34.7, which is further analysed as €22.4m
building and €12.3m equipment.
CAPITAL FUNDING 2008-2009
 HEA

Non-State
€22.2 m 54%
€18.8 m 46%
Capital Funding credited during the year was €41m and is analysed above as to its sources.
25
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30 Meán Fómhair, 2009.
Report of the Independent Management Auditors
To the members of the Governing Authority of the National University of Ireland, Galway.
We have audited the financial statements on pages 7 to 21.
Respective responsibilities of the University and the Auditors
The University, as described on page 22 is responsible for preparing the financial statements prepared
in accordance with the Harmonisation of Universities Accounts agreement. Our responsibility is to
audit those financial statements in accordance with the auditing standards issued by the Auditing
Practices Board applicable in Ireland.
This report, including the opinion, has been prepared for and only for the members of the
Government Authority of the University as a body in accordance with our appointment. We do not,
in giving this opinion, accept or assume responsibility for any other purposes or to any other person
to whom this report is shown or into whose hands it may come save where expressly agreed by our
prior consent in writing.
We report to you our opinion as to whether the Financial Statements are properly prepared in
accordance with the Harmonisation of Universities' Accounts agreement as adopted by all Irish
Universities. We state whether we have obtained all the information and explanations we consider
necessary for the purposes of our audit and whether the Financial Statements are in agreement with
the books of account. We also report to you our opinion as to whether the University has kept
proper books of account.
Basis of opinion
We conducted our audit of the financial statements for the year ended 30 September 2009 in
accordance with Auditing Standards issued by the Auditing Practices Board. An audit includes
examination, on a test basis, of evidence relevant to the amounts and disclosures in the financial
statements. It also includes an assessment of the significant estimates and judgements made by the
University in the preparation of the financial statements, and of whether the accounting policies are
appropriate to the University's circumstances, are consistently applied and adequately disclosed.
We planned and performed our audit so as to obtain all the information and explanations which we
considered necessary in order to provide us with sufficient evidence to give reasonable assurance that
the financial statements are free from material misstatement, whether caused by fraud or other
irregularity or error. In forming our opinion, we also evaluated the overall adequacy of presentation
on information in the financial statements.
Opinion
In our opinion the financial statements of the University in respect of the year ended 30 September
2009 have been properly prepared in accordance with the Harmonisation of Accounts Agreement.
We have obtained all the information and explanations we consider necessary for the purposes of our
audit. In our opinion proper books of account have been kept by the University. The financial
statements are in agreement with the books of account.
PricewaterhouseCoopers
Chartered Accountants and Registered Auditors
Limerick
26
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30 Meán Fómhair, 2009.
Statement of Accounting Policies
A
Financial Statements
The Financial Statements reflect the teaching, research and related service activities of the
University. The Financial Statements of the University’s pension schemes and of the
University’s financially independent ancillary activities are prepared annually and audited
separately.
B
Accounting Convention
The Financial Statements are prepared under the historical cost convention modified to
include the revaluation of land and buildings. They are presented in accordance with the
existing Harmonisation of Financial Statements agreement as adopted for all Irish
Universities.
C
State Grants for Recurrent Expenditure
Recurrent Grants have been recognised on an accruals basis. Recurrent Grant which has been
used for the purchase of fixed assets is transferred to the General Reserve.
D
State Grants for Capital Expenditure
State Grants approved by the Higher Education Authority for capital expenditure are included
in the Financial Statements of the period to the extent of cash received.
E
Fee Income
Fee Income is accounted for on an accruals basis and reported at an EU fee level. Non EU
fee income is included up to the EU level with any excess being reported under other income.
Any further excess over the related unit cost is included in Ancillary Services.
F
Approved Allocations
The Income and Expenditure Account is prepared on an accruals basis with the following
exceptions:
(i) non-pay expenditure of academic departments and certain service departments;
(ii) departmental equipment and minor works.
In these cases internal balances are carried forward in the Balance Sheet under Current Assets
or Liabilities, as appropriate.
27
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30 Meán Fómhair, 2009.
Statement of Accounting Policies cont’d
G
Fixed Assets and Depreciation
All fixed assets are stated at historical cost with the exception of Land and Buildings.
Buildings that were completed at 30/9/98 are revalued internally, on an individual basis, at the
current replacement value less the related depreciation charge. Buildings constructed during
the year are stated at their historical cost and are assumed to have a useful life of 50 years.
Land is revalued internally at its current use value. The estimate useful lives of fixed assets by
reference to which depreciation has been calculated on a straight-line basis
is as follows: Buildings
Computer Equipment
Furniture and Equipment
Land is not depreciated
H
50 years
3 years
5 years
General Reserve
The general reserve represents the value of funding, after amortisation, applied for capital
purposes, together with the results from Ancillary Services.
I
Research Grants and Projects
Contract research expenditure is shown net of contributions to indirect costs. Income from
contract research grants is included in the Income and Expenditure account to the extent that
the related expenditure has been incurred. Contract research contribution to the University’s
indirect costs is included in ‘other income’. Fixed Assets financed from contract research
grants are capitalised in the balance sheet.
J
Foreign Currencies
Costs denominated in foreign currencies are translated at the exchange rates ruling at the dates
of the transactions. Assets and liabilities denominated in foreign currencies are translated into
Euro at the rates of exchange ruling at the Balance Sheet date. The resulting profits or losses
are dealt with in the Income and Expenditure account.
K
Taxation
No provision has been made for taxation, as the University holds tax exempt status.
L
Ancillary Services
Ancillary Services are services provided on campus on a cost recovery basis, and are planned
to breakeven in the medium term. Investment income on the infrastructural Development
fund is included under this heading. The net outturn on such activities is transferred to the
General Reserve account.
28
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30 Meán Fómhair, 2009.
Statement of Accounting Policies cont’d
M
Pensions
The University operates defined-benefit, defined contribution and PRSA pension schemes, as
appropriate, with assets held in separately administered funds.
In the case of the defined benefit schemes, the basic retirement pensions of University staff
are funded by contributions to the University Pension Funds ("the pension funds") at a predetermined rate of pensionable pay. Increases in basic retirement pensions are charged to the
Income and Expenditure account of the University. Employer contributions to the defined
benefit scheme are also charged to the income and expenditure account of the University in
tandem with the employees’ salary and wage costs. Separate financial statements are prepared
for the defined benefit Pension Fund.
N
Stock
Stocks are stated at the lower of cost and net realisable value, the majority of which are
Laboratory Consumables, stationery and building materials.
O
Investments
Investments are stated at their historical cost.
29