National University of Ireland, Galway
Ollscoil na hÉireann, Gaillimh
Cuntais
na bliana dar chríoch 30 Meán Fómhair, 2004
Financial statements
for year ended 30 September, 2004
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30, Meán Fómhair, 2004.
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, 2004.
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 Cuntais
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, 2004.
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 Bealtaine, 2005
2
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30, Meán Fómhair, 2004.
Tuarascáil an Sparánaí
Torthaí
Tuairiscíonn na Cuntais Iniúchta don bhliain dár chríoch 30 Meán Fómhair 2004, easnamh €6.9m
i gcomhair na bliana. Is de bharr gearradh siar 10% ar dheontas an Stáit don Earnáil ollscolaíochta
san iomlán, gearradh siar atá gan fasach, agus arbh ionann é agus ciorrú €4m ar mhaoiniú na
hOllscoile seo.
Chun an buiséad a chothromú rinne an Ollscoil gearradh suntasach ina buiséad pá, laghdaíodh
acmhainní go ginearálta, cuireadh eilimintí móra de na cláir fearastú agus cothabhála ar ceal agus
gearradh siar infheistíocht sna hinfrastruchtúir sin a raibh géarghá leo. Rud suntasach is ea gur
lean líon na scoláirí ag méadú i rith an ama seo. Ach na cúinsí seo a chur san áireamh, caithfear
glacadh leis go bhfuil an toradh a tuairiscíodh sásúil.
Is cúis mhórtais don Ollscoil, agus údar aici, an acmhainn atá aici leibhéil shuntasacha i Maoiniú
Taighde a bhaint amach ar bhonn iomaíoch (go náisiúnta agus go hidirnáisiúnta). B’ionann an tioncam a fuarthas ar thaighde ar conradh agus €30.8m, ardú 24% ar an mbliain roimhe sin.
Imní Leanúnach
Chomh maith leis na pointí ginearálta atá leagtha amach thuas, tá imní faoi leith ann fós faoi na
nithe seo leanas:
a) Réiteach le haghaidh maoiniú costais, a tharlaíonn faoin Acht Cosanta Fostaithe
(Páirtaimseartha) 2001 agus an tAcht Cosanta Fostaithe (Lánaimseartha) 2003. Tá an
reachtaíocht deiridh tugtha isteach le beagnach dhá bhliain anois agus níor cuireadh aon
mhaoiniú ar fáil fós i gcomhair na harduithe ar chostais a éiríonn as i ndáil le Act 2003. Tá
thart ar 2,000 d’fhoireann na hOllscoile, páirtaimseartha agus lánaimseartha, nach bhfuil
ina mbaill de Scéim Pinsin. D’fhéadfadh an costas a bheadh ar phinsin agus ar shochair
reachtúla eile faoin reachtaíocht chuí, a bheith chomh hard le €4.5m.sa bhliain.
b) Le blianta fada, bhí ar an Earnáil Ollscolaíochta soláthar a dhéanamh do thart ar 50% do
riachtanais a Caipiteal Forbartha ó fhoinsí príobháideacha. Tá maoiniú príobháideach
suntasach faighte ag an Ollscoil do roinnt tionscadal atá práinneach agus atá ag teastáil le
fada; orthu seo tá Innealtóireacht, Bitheolaíocht Dhaonna agus Síceolaíocht. Mar sin féin,
ní féidir leis na tionscadail seo tosú gan dearbhú ar dheontais Stáit ghaolmhara.
c) Bhain an leibhéal an-íseal maoinithe atá ar fáil do chostais indíreach le gníomhaireacht
taighde ar conradh. Tagann 22% d’Ioncam iomlán na hOllscoile ón Ioncam Taighde ar
Conradh, ach níl ach €1.4m ar fáil ón maoiniú seo chun seirbhísí tacaíochta a chur ar fáil,
san áireamh tá spás, áisiúlacht, Cuntasaíocht, Acmhainní Daonna agus seirbhísí eile.
d) Beartais Mhaoinithe Rialtais do 2005 agus sa todhchaí. Cé go bhfuil an t-ardú ar chostais
do 2005 (gan costais an Achta Cosanta Fostaithe a chur san áireamh) ag beagnach 10%,
níor ardaíodh an Deontas Stáit ach 3%. Tugann an gearradh siar suntasach seo i maoiniú
Stáit (chomh maith le gearradh siar in 2004 agus blianta roimhe sin) gearradh siar 20% i
ndeontas Stáit go dtí seo (gan costais an Achta Cosanta Fostaithe san áireamh). Tá an cás
seo neamhchothúil, go mór mór nuair nach raibh aon titim sa líon scoláirí.
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Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30, Meán Fómhair, 2004.
Tuarascáil an Sparáraí, ar lean
Achoimre
Tá sé deacair an gearradh siar carnach seo de 20% i maoiniú Stáit thar na blianta 2003, 2004 agus
2005 a réiteach leis na moltaí a dhéanann na tuarascálacha seo a leanas, a bhí urraithe ag an
Rialtas agus a foilsíodh anuraidh. Thug gach ceann acu tacaíocht do mhaoiniú breise athfhillteach
bliantúil agus maoiniú caipitil don Earnáil Ardoideachais.
a)
b)
c)
Athbhreithniú an OECD ar Bheartais Náisiúnta Oideachais
Athbhreithniú an Údaráis um Ard-Oideachas (Tuairisc Uí Cheallaigh) agus tosaíocht
Tionscadail Chaipitil san Earnáil Ardoideachais.
Athbhreithniú an Údaráis um Ard-Oideachas ar Sheasamh Airgeadais Ollscoileanna na
hÉireann.
Caithfimid a bheith ag súil go gcuirfear deireadh leis an neamhsheasmhacht seo ar fad go luath.
Mary C. Dooley, FCA, MBA,
Sparánaí
30 Bealtaine, 2005
4
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30, Meán Fómhair, 2004.
Ioncam Reatha 2003-2004
Deontais Stáit
(€52.0m) 38%
Táillí na Macléinn (€49.0m) 35%
Deontais Taighde
(€30.8m) 22%
Ioncaim Eile
(€7.3m)
5%
Tá ioncam iomlán na bliana 13% níos mó ná an t-ioncam a tuairiscíodh anuraidh. Léiríonn sé sin líon
méadaithe mac léinn, méaduithe ar tháillí mac léinn agus ar Dheontais Stáit. Léiríonn ioncam ó
Thionscadail agus deontais taighde méadú de 24% i rith na bliana.
Caiteachas Reatha 2003-2004
Acadúla
(€109.1m)
75%
Foirgnimh
(€20.2m)
14%
Riarachán
(€10.4m)
7%
Seirbhísí Macléinn (€4.3m)
3%
Eile
1%
(€2.0m)
Tháinig méadú de 19% ar an gcaiteachas.
Caiteachas Caipitil 2003-2004
Foirgnimh
(€23.1m)
57%
Trealamh
(€17.2m)
43%
Léiríonn na cuntais a ndearnadh iniúchadh orthu caiteachas caipitil de €40.3m i rith na bliana, a
mhiondealaítear ina €23.1m ar fhoirgnimh agus agus €17.2m ar threalamh.
Deontais Caipitil 2003-2004
ÚAO
(€0.1m)
1%
Neamhspléach
(€7.0m)
99%
€7.1m 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, 2004.
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 2004 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
2004 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 Bealtaine, 2005
6
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30, Meán Fómhair, 2004.
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. Táthar ar tí athbhreithniú na n-ollscoileanna, i gcomhar leis an Údarás um
Ard-Oideachas agus leis an Ard-Reachtaire Cuntas agus Ciste, ar an gcomhaontú Comhchuibhithe
a thabhairt chun críche agus is é an toradh a bheidh ar an athbhreithniú sin ná formáid nua
chomhaontaithe chomhchuibhithe. Ullmhófar na Ráitis Airgeadais don bhliain dar chríoch 30
Meán Fómhair, 2003 agus do na blianta ina dhiaidh sin san fhormáid nua ar bhonn comhdhlúite
faoi réir prionsabal cuntasaíochta a nglactar leo go ginearálta in Éirinn agus sa Ríocht Aontaithe.
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, 2004.
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.
8
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30, Meán Fómhair, 2004.
Ráiteas ar Pholasaithe Cuntasaíochta, ar lean
M
Pinsin
Scéim a bhfuil sochair chinnte ag gabháil léi atá i bhfeidhm. Maoinítear an chuid is mó de na
sochair tré ranníocaíochtaí ón Ollscoil de réir 15% de thuarastail inphinsin. Tá costas na
ranníocaíochtaí sin san áireamh faoi na teidil phá agus tuarastail ar leith sa chuntas Ioncam agus
Caiteachas. Cuirtear na méaduithe ar thúsphinsean na bhfostaithe scortha, de réir mar a éiríonn
siad, ar an gcuntas Ioncaim agus Caiteachais faoin teideal 'Pinsin Bhreise' faoi 'Costais
Ilghnéitheacha'. Ullmhaítear cuntais iniúchta ar leith don Chiste Pinsin, agus is i leith na tréimhse
céanna iad sin agus Cuntais na hOllscoile.
Níor glacadh leis na ceanglais maidir le nochtú atá i gcaighdeáin chuntasaíochta FRS 17 ‘Sochar
Scoir’, sna ráitis airgeadais seo a chuirtear i láthair de réir na formáide ‘Comhchuibhiú Cuntas’
arna glacadh ag gach Ollscoil Éireannach. Baineann ciallachais ag FRS 17 don Earnáil Phoiblí go
ginearálta, ciallachais a bhfuiltear ag déanamh machnamh orthu faoi láthair. Tabharfar aghaidh ar
chiallachais FRS 17 maidir le gach Ollscoil Éireannach san athbhreithniú atá ar súil ar an
bhformáid ‘Comhchuibhiú Cuntas’.
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, 2004.
Ioncam agus Caiteachas | Income and Expenditure
Ioncam | Income
2004
€’000
2003
€’000
52,015
49,032
7,226
49,483
43,087
5,113
108,273
97,683
30,827
24,919
139,100
122,602
58,575
12,640
17,457
2,689
10,402
3,627
4,305
2,037
50,052
10,989
15,316
4,085
8,642
3,345
3,355
1,873
111,732
97,657
34,228
24,919
145,960
122,576
(6,860)
26
14
2,947
1,936
15
16
(21,064)
18,117
(17,034)
15,098
Nóta
Note
Deontais Stáit State Grants
Táillí na Mac Léinn Student Fees
Ioncaim Eile Other Income
1
2
3
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
Iomlán Total
13
(Easnamh)/Breis ar ghníomhaíochtaí roimh dhíscríobh Cúlchistí
Deontais Caipitil, Seirbhísí agus Coimhdeacha agus Dímheas
(Deficit)/Surplus 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
(Easnamh)/Breis don Bhliain
(Deficit)/Surplus for year
(6,860)
26
Is cuid de na cuntais seo an Ráiteas ar Pholasaithe Cuntais, an Ráiteas faoin Sreabhadh Airgid agus Nótaí 1 to 27.
The statement of Accounting Policies, Cash Flow Statement and Notes 1 to 27 form part of these Accounts
Síniú _____________________________________
______________________
Oifigeach Cuntasaíochta/Uachtarán Accounting Officer/President
Meabhránaí Registrar
10
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30, Meán Fómhair, 2004.
Clár Comhardaithe | Balance Sheet
2004
2003
€’000
€’000
278,963
34,627
259,750
11,737
313,590
271,487
20,892
25,026
248
22,087
39,313
148
46,166
61,548
71,402
54,694
(25,236)
6,854
(25,182)
-
Nóta
Note
Sócmhainní Dochta Fixed Assets
Infheistíochtaí Investments
17
24
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/Sócmhainní Reatha Glan Net Current Liabilities/Assets
Creidiúnaithe agus Caiteachas Fabhraithe níos mó ná bliain amháin
Creditors and Accrued Expenditure more than one year
19b
Sócmhainní Iomlána Glan Total Net Assets
263,172
278,341
269,532
(6,360)
277,841
500
263,172
278,341
Arbh iad seo a bhfoinsí Represented by
Cúlchiste Ginearálta General Reserve
Culchístí (Easnamh) Reatha Current (Deficit) Reserves
20
21
Is cuid de na cuntais seo an Ráiteas ar Pholasaithe Cuntais, an Ráiteas faoin Sreabhadh Airgid agus Nótaí 1 go 27
The Statement of Accounting Policies, Cash Flow Statement and Notes from 1 to 27 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, 2004.
Ráiteas faoin Sreabhadh Airgid | Cash Flow Statement
€’000
Glan insreabhadh airgid ó ghníomhaíochtaí
oibrithe (Nóta 22)
2004
€’000
€’000
2003
€’000
51,216
2,767
994
989
Net Cash Inflow from Operating Activities (Note 22)
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
Caiteachas ar thionscnaimh chaipitil
Expentiture on Capital Projects
Fáltais ó Dhíol Sócmhainní Dochta
Receipts from sale of Fixed Assets
Gluaiseacht Infheistíochtaí Investment movement
40,280
16,077
(2)
-
22,890
583
(63,168)
(16,660)
(10,958)
(12,904)
Glan eis-sreabhadh airgid roimh mhaoiniú
Net Cash outflow before Financing
Maoiniú Financing
Aistriú ó Ioncam agus Caiteachas
Transfer from Income and Expenditure
Deontais Caipitil ÚAO HEA Capital Grant
Deontais Caipitil Neamh ÚAO Non HEA Capital Grant
Glan insreabhadh airgid ó mhaoiniú
Net Cash inflow from financing
Glan (eis-sreabhadh)/insreabhadh tar éis maoiniú
Net (outflow)/inflow after financing
2,689
4,085
108
4,795
6,966
5,141
9,763
14,021
(1,195)
1,117
(1,195)
1,117
(Laghdú)/Méadú ar airgead agus a chomhionann (Nóta 23)
(Decrease)/Increase in cash and cash equivalents (Note 23)
12
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30, Meán Fómhair, 2004.
Nótaí faoi na cuntais | Notes to the Accounts
1.
2.
2004
2003
Deontais Stáit State Grants
€’000
€’000
Deontais Reatha Recurrent Grants
Cistiú Sprioctha do Thionscnaimh Speisialta
Targeted Funding for Special Initiatives
Mion Oibreacha Minor Works
46,747
5,158
44,933
4,410
110
140
52,015
49,483
48,810
222
42,937
150
49,032
43,087
994
1,047
154
1,415
1,972
185
1,459
989
286
398
617
1,698
376
749
7,226
5,113
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, 2004.
Nótaí faoi na cuntais, ar lean | Notes to the Accounts cont’d
Pá
Pay
€’000
4.
€’000
11,801
904
16,938
1,184
28,739
2,088
22,062
2,857
12,705
18,122
30,827
24,919
42,441
6,250
2,884
35,792
5,536
2,250
7,000
6,143
42,441
6,250
2,884
7,000
331
51,575
7,000
58,575
50,052
3,159
1,659
162
294
1,296
411
8
185
2,749
1,211
51
101
19
600
123
9
385
5,908
2,870
213
395
19
1,896
534
17
570
5,206
2,740
251
270
29
1,281
367
240
276
60
158
218
329
7,234
5,406
12,640
10,989
3,207
2,235
7,238
1,215
110
471
872
2,109
10,445
3,450
110
471
872
2,109
9,667
2,632
140
214
856
1,807
5,442
12,015
17,457
15,316
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 Labhhartha Spoken Irish
Liaison Tionscail Industrial Liaison
Eolaíocht Mhara Marine Science
An tIonad un Fheabhas Foghlama agus Teagaisc
Centre for Excellence in Learning &Teaching
Oifig Feabhais Quality Office
7.
2003
Rannóga Acadúla Academic Departments
Acadúil Academic
Teicniúil Technical
Riarachán agus Rúnaíocht
Administration and Secretarial
Deontais Rannóga Acadúla
Academic Department Grants
Ilchostais Miscellaneous
6.
2004
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
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, 2004.
Nótaí faoi na cuntais, ar lean | Notes to the Accounts cont’d
8.
Pá
Pay
N/Phá
Non Pay
Iomlán
Total
2003
€’000
€’000
€’000
€’000
2,689
2,689
1,120
2,965
2,689
2,689
4,085
6,549
1,718
203
1,932
8,267
203
1,932
6,873
278
1,491
6,549
3,853
10,402
8,642
329
1,170
1,694
1,170
1,489
1,203
1
480
282
480
283
483
170
1,366
2,261
3,627
3,345
589
589
571
527
318
763
585
438
80
606
45
965
398
1,369
630
595
330
1,084
485
336
18
354
290
2,529
1,776
4,305
3,355
1
2,036
1
1,906
(33)
1
2,037
1,873
Tograí Foirgníochta agus Trealaimh Building and Equipping Projects
Foirgníocht Building
Trealamh Equipment
9.
Riarachán Administration
Seirbhísí Riarachán Administrative Services
Táillí Gairmiúla Professional Fees
Ilchostais Miscellaneous
10.
Costais Eile Oideachais General Educational Expenditure
Scrúduithe Examinations
Scoláireachtaí/Comhaltaí Iarchéime
Scholarships/Postgraduate Fellowships
Tobhach Ollscoil na hÉireann NUI Levy
Ilghnéitheach Miscellaneous
11.
1,365
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
Pinsin Bhreise Additional Pensions
Difríocht Malairte Exchange Differences
2,036
2,036
15
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30, Meán Fómhair, 2004.
Nótaí faoi na cuntais, ar lean | Notes to the Accounts cont’d
13.
Pá
Pay
N/Phá
Non Pay
Iomlán
Total
2003
€’000
€’000
€’000
€’000
76,731
35,001
111,732
97,657
16,106
18,122
34,228
24,919
92,837
53,123
145,960
122,576
Caiteachas/
Expenditure
Leithdháileadh
Allocation
€’000
Breis
Surplus
2003
€’000
€’000
3,701
233
2,839
108
3,701
233
2,839
108
1,847
89
6,881
3,934
2,947
1,936
Dímheas ar Sócmhainní Dochta Depreciation of Fixed Assets
2004
€’000
2003
€’000
Foirgneamh Buildings
Trealamh Equipment
12,917
8,147
12,689
4,345
21,064
17,034
Caiteachas Iomlán Total Expenditure
Seirbhísí Acadúla agus Seirbhísí Gaolmhara
Academic and Related Services
Deontais Taighde agus Tionscaimh
Research Grants and Projects
14.
Seirbhísí Coimhdheacha - Athchoimre Ancillary Services - Summary
Ioncam
Income
€’000
Lonadóireacht Catering
Seirbhísí Cóipeála Copying Services
Cuntas Forbartha Development Fund
Ioncam infheistíochta ar Chiste Forbartha
Investment Income on Development Fund
15.
16.
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
16
(21,064)
(17,034)
2,947
1,936
(18,117)
(15,098)
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30, Meán Fómhair, 2004.
Nótaí faoi na cuntais, ar lean | Notes to the Accounts cont’d
17.
Sócmhainní Dochta Fixed Assets
Talamh agus
Foirgnimh *
Trealamh
Land & Buildings*
Equipment
€’000
€’000
2004
Iomlán
Total
€’000
2003
€’000
Costas/Luacháil ag tús na bliana Cost/Valuation at start of year
Costas Cost
Luacháil Valuation
93,273
189,709
51,717
-
144,990
189,709
128,913
189,709
Iomlán Total
282,982
51,717
334,699
318,622
Breiseanna ag Costas Additions at Cost
Diúscairtí sa Bhliain Disposals in year
Athluacháil sa Bhliain Revaluation in Year
23,120
-
17,160
(7)
-
40,280
(7)
-
16,077
-
-
Costas/Luacháil ag Deireadh Cost/Valuation at End
Costas Cost
Luacháil Valuation
116,393
189,709
68,870
-
185,263
189,709
144,990
189,709
Iomlán Total
306,102
68,870
374,972
334,699
Dímheas Depreciation
Ag tús na bliana At start of year
52,972
21,977
74,949
57,915
Dímheas don bhliain Depreciation for year
Dímheas ar Dhiúscairtí Depreciation on Disposals
12,917
-
21,064
(4)
17,034
-
Ag deireadh na bliana At end of year
65,889
30,120
96,009
74,949
230,010
29,740
259,750
260,707
240,213
38,750
278,963
259,750
Luacháil glan leabhair ag tús
Net book value at start
Luacháil glan leabhair ag deireadh
Net book value at end
8,147
(4)
* Tá roinnt socruithe léasaithe déanta ag an Ollscoil maidir le foirgnimh áirithe a críochnaíodh le deireanas.
* The University made several leasing arrangements in relation to certain premises which were completed recently.
17
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30, Meán Fómhair, 2004.
Nótaí faoi na cuntais, ar lean | Notes to the Accounts cont’d
2004
€’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.
2003
€’000
11,544
431
3,584
9,467
8,395
448
930
29,540
25,026
39,313
25,367
10,870
10,312
421
24,432
20,608
7,830
8,227
253
17,776
71,402
54,694
25,182
-
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
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
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
Fuílleach
ag Deireadh
Closing
Balance
€’000
189,709
-
189,709
66,873
108
66,981
23,266
2,689
25,955
60,756
6,966
67,722
12,186
2,988
15,174
(74,949)
(21,064)
(96,013)
277,841
18
Athrú sa
Bhliain
Current Year
Movement
€’000
4
(8,309)
4
269,532
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30, Meán Fómhair, 2004.
Nótaí faoi na cuntais, ar lean | Notes to the Accounts cont’d
2004
€’000
21.
22.
2003
€’000
Cúlchiste (Easnamh)/Ioncam Revenue (Deficit)/Reserve
Fuílleach ag tús de réir na gcuntas deiridh Opening Balance
(Easnamh)/Breis don Bhliain (Deficit)/Surplus for year
500
(6,860)
474
26
Fuílleach Deiridh Closing Balance
(6,360)
500
Réiteach ar (Easnamh)/Breis ar an Chuntas Ioncam agus Caiteachas
leis an Breis glan insreabhadh airgid ó ghníomhaíochtaí oibrithe
Reconciliation of Income and Expenditure Account (Deficit)/Surplus to
net cash Inflow from operating activities
(Easnamh)/Breis don Bhliain (Deficit)/Surplus for year
Lúide Ús Faighte Glan Less Net Interest Received
Caillteanas ar Dhiúscairt Sócmhainní Dochta Loss on sale of fixed assets
Dímheas Depreciation
Amúchadh ar Chúlchistí Ginearálta Amortisation of General Reserves
Laghdú/(Méadú) ar Fheichiúnaithe agus Réamhíocaíochtaí
Decrease/(Increase) in Debtors and Prepayments
Meadú ar Stoic Increase in Stock
Meadú ar Chreidiúnaithe Increase in Creditors
Méadú ar Chúlchiste Ginearálta (Eile)
Increase in General Reserve (Other)
(6,860)
(994)
5
(21,064)
21,064
14,287
26
(989)
(17,034)
17,034
(16,718)
(100)
41,890
2,988
(10)
18,494
1,964
51,216
2,767
22,087
(1,195)
20,892
20,970
1,117
22,087
11,925
22,702
11,737
-
34,627
11,737
Glan insreabhadh Airgid ó Ghníomhaíochtaí Oibrithe
Net Cash Inflow from Operating Activities
23.
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.
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, 2004.
Nótaí faoi na cuntais, ar lean | Notes to the Accounts cont’d
25.
2004
€’000
2003
€’000
52,821
19,325
106,950
35,096
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.
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, 2004 bhí €98,179
(2003: €86,969) 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 2004, was owed € 98,179 (2003: €86,969).
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,
2004, bhí €30,000 dlite (2003: €30,000).
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 2004 was owed
€30,000 (2003: €30,000).
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, 2004 bhí €86,706 dlite (2003: €83,637).
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, 2004 was owed €86,706 (2003: €83,637).
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, 2004 bhí
€ 9,438,016 dlite (2003: €29,617,691).
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 2004 was owed € 9,438,016 (2003: €29,617,691).
20
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30, Meán Fómhair, 2004.
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 2004
agus 2003.
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 2004 and 2003.
27.
Dliteanas Teagmhasach Contingent Liability
Tá talamh ligthe ar léas ag an Ollscoil le dhá chuideachta a bhunaigh bainc thráchtála
chun áitribh chónaithe na mac léinn a thógáil i 1991/2 arbh chostas €13.2m é. Tá
ráthaíochtaí caipitil agus úis tugtha ag an Ollscoil do na cuideachtaí sin. Chuaigh an
Ollscoil chomh maith i mbun comhshocruithe leis na forbróiri lena n-áiritear
frithráthaíochtaí ó na forbróirí maidir le hoibleagáidí na hOllscoile i leith na gcuideachtaí
sin. Ta dliteanas teagmhasach ann maidir leis na ráthaíochtai agus na comhshocruithe
sin.
Tá cearta ag an Ollscoil seilbh a ghlacadh ar an maoin seo tar éis deich mbliana ón dáta
forbartha, ag luach atá cothrom leis an gcostas forbartha, agus cuirtear an cíos faighte
faoin léas, i dtaisce don ghníomh seo.
The University has leased land to two companies that were formed by commercial banks to build student accommodation in
1991/2 at a cost of €13.2 m. The University has given capital and interest guarantees to these companies. It has also entered
into arrangements with the developers that include counter-guarantees from the developers in respect of the Universities obligations to
these companies. There exists a contingent liability in respect of these guarantees and arrangements.
The University has the right to take control of this property after 10 years from the date of development, at a price equivalent to the
development cost. The rent received under the conditions of the lease is being banked for this purpose.
21
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30, Meán Fómhair, 2004.
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;
Made 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
30 Bealtaine, 2005.
22
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30, Meán Fómhair, 2004.
Bursar’s Report
Results
The Audited Accounts for the year ended 30th September 2004 record a deficit for the year of €6.9m.
This is due to an unprecedented 10% cutback in State Grant to the University Sector as a whole and
amounted to a cutback of €4m in funding to this University.
In attempting to balance the budget, the University implemented significant cuts in its pay budget,
reduced resourcing generally, cancelled major elements of its equipping and maintenance programmes
and reduced its investments in urgently required infrastructure. It is of note that student numbers
continued to increase in this period. In these circumstances the reported outcome must be
considered a success.
The University continues to be justifiably proud of its ability to win significant levels of Research
Funding on a competitive basis (nationally and internationally). Contract Research Income amounted
to €30.8m, an increase of 24% on the previous year.
Ongoing Concerns
In addition to the general position outlined above considerable concern exists regarding the following
matters:
a) Funding arrangements for costs arising under the Protection of Employees (Part-Time
Workers) Act 2001 and Protection of Employees (Fixed-term Workers) Act 2003. The latter
legislation has been in place for almost 2 years and yet no funding has yet been provided for
resulting cost increases in relation to the 2003 Act. Approximately 2,000 part-time and fulltime staff of the University are not members of a Pension Scheme. The cost of providing
pensions and other statutory benefits under the relevant legislation could amount to €4.5m
per annum.
b) For many years now the University Sector has had to provide approximately 50% of its
Capital Development requirements from private sources. The University has secured
significant private funds for a number of urgently required and long outstanding Projects
including Engineering, Human Biology and Psychology. However, these Projects cannot
commence without confirmation of related State Grants.
c) The very low level of funding available for indirect costs related to contract research
activity. Contract Research Income represents 22% of total University Income, yet only
€1.4m is available from this funding to provide support services including space and utilities,
Accounting, HR and Other services.
d) Government funding policies for 2005 and future years. While underlying cost increases for
2005 (excluding Protection of Employees Act costs) amount to almost 10%, the State Grant
has been increased by only 3%. Such a significant cutback in State funding (in addition to
cutbacks in 2004 and previous years) has resulted in a cutback to date of 20% in State Grant
funding (excluding Protection of Employees Act costs). This is unsustainable situation
particularly when there has been no fall off in student numbers.
23
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30, Meán Fómhair, 2004.
Bursar’s Report cont’d
Summary
It is hard to reconcile cumulative cutbacks in State funding of 20% over the years 2003, 2004 and
2005 with the recommendations of the following Government sponsored Reports, which were
published last year and each of which supported additional recurrent annual and capital funding for
the Higher Education Sector.
a)
b)
c)
OECD Review of National Policies for Education
HEA (Kelly Report) Review and Prioritisation of Capital Projects in the Higher Education
Sector
HEA Review of the Financial Position of Irish Universities.
One can only hope that these various inconsistencies will be corrected in the near future.
Mary C. Dooley, FCA MBA,
Sparánaí / Bursar.
30 May, 2005
24
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30, Meán Fómhair, 2004.
RECURRENT INCOME 2003-2004
State Grants
(€52.0m)
38%
Student Fees
(€49.0m)
35%
Research Grant
(€30.8m)
22%
Other Income
(€7.3m)
5%
Total income for the year increased by 13 %. This reflects increased student numbers, increases in student fees and state
grants as well as an increase of 24 % in income from funded research grants and projects.
RECURRENT EXPENDITURE 2003-2004
Academic
(€109.1m) 75%
Building
(€20.2m)
14%
Administration
(€10.4m)
7%
Student Services
(€4.3m)
3%
Other
(€2.0m)
1%
Total expenditure increased by 19%.
CAPITAL EXPENDITURE 2003-2004
Buildings
Equipment
(€23.1m)
57%
(€17.2m) 43%
The Audited Accounts show capital expenditure during the year at €40.3m, which is further analysed as €23.1m
building and €17.2m equipment. .
CAPITAL FUNDING 2003-2004
HEA
(€0.1m)
1%
Non-State
(€7.0m)
99%
Capital Funding credited during the year was €7.1 m and is analysed above as to its sources.
25
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30, Meán Fómhair, 2004.
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 2004 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
2004 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
30 May 2005
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30, Meán Fómhair, 2004.
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. A review of the Harmonisation agreement by the universities in consultation
with the Higher Education Authority and the Comptroller and Auditor General, is nearing
completion and will result in a new agreed harmonised format. The Financial Statements for
the year ended 30th September 2003 and subsequent years will be prepared in the new format
on a consolidated basis and in accordance with generally accepted accounting principles in
Ireland and the U.K.
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, 2004.
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, 2004.
Statement of Accounting Policies cont’d
M
Pensions
A Defined Benefit pension scheme is in operation. The majority of the benefits are funded
through contributions from the University at the rate of 15% of pensionable pay. The cost of
these contributions is shown under the various salary and wage headings of the revenue
account. Pension supplementation relates to the cost of pension increases granted after
retirement and is chargeable to the income and expenditure account under miscellaneous
expenditure - Additional pensions. Separate financial statements are prepared annually for the
Pension Fund.
The disclosure requirements of the accounting standard FRS 17 ‘Retirement Benefits’ have
not been adopted in these financial statements which are presented in accordance with the
Harmonisation of Accounts’ format as adopted by all Irish Universities. FRS 17 has
implications for the Public Sector generally which are currently being considered. The
implications of FRS 17 in relation to Irish Universities will be addressed in the ongoing review
of the ‘Harmonisation of Accounts’ format.
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