National University of Ireland, Galway
Ollscoil na hÉireann, Gaillimh
Cuntais
na bliana dar chríoch 30 Meán Fómhair, 2003
Financial statements
for year ended 30 September, 2003
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30, Meán Fómhair, 2003.
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, 2003.
CLÁR | Table of Contents
Ráiteas Dualgas
2
22
3-5
23-24
6
26
7-9
27- 28
Statement of Responsibility
Tuarascáil an Sparánaí
Bursar’s Report
Tuarascáil an Iniúchóra
Auditor’s Report
Ráiteas ar Pholasaithe Cuntais
Statement of Accounting Policies
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, 2003.
Ráiteas Dualgas
Ní foláir don Ollscoil cloí le hAcht na nOllscoileanna 1997, na cuntais chuí agus na gnáthchuntais
uile den airgead a fuair agus a chaith an Ollscoil a choinneáil ar bhealach a bheidh inghlactha ag
an Údarás um Ard Oideachais. In ullmhú na gcuntas seo, ní foláir don Ollscoil:
• Polasaithe cuntasaíochta oiriúnacha a roghnú agus a fheidhmiú go seasta.
• Breithiúnais agus meastacháin atá ciallmhar agus críonna a dhéanamh.
• Ráitis airgeadais a ullmhú ar bhunús gnóthais leantach má tá an bunús sin mar is cuí.
Tá sé de dhualgais ar an Ollscoil leabhair chuntais chuí a choinneáil a thaispeáinfidh chomh cruinn
agus is féidir stádas airgeadais na hOllscoile ag am ar bith le go mbeidh sí in ann a chinntiú go
bhfuil a cuid ráitis chuntais ag cloí le hAcht na nOllscoileanna 1997. Tá an Ollscoil freagrach
freisin as na sócmhainní uile atá faoina smacht agus atá in úsáid aici a choinneáil slán agus chuige
sin céimeanna ciallmhara a thógáil le calaois agus le haon mhírialtachtaí eile a thabhairt faoi deara
agus a chosc.
Ar son Údarás na hOllscoile
____________________________
Uachtarán
30 Aibreáin, 2004
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Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30, Meán Fómhair, 2003.
Tuarascáil an Sparánaí
Torthaí
Cuirfear síos ar an mbliain atá á hathbhreithniú mar bhliain rathúil mar gheall gur éirigh leis an
Ollscoil barrachas beag in ioncam ateagmhasach thar chaiteachas a thuairisciú, i mbliain a bhí lán
le héiginnteacht maidir le maoiniú ón rialtas. Faraor, agus an tuarascáil seo á scríobh, bhí easnamh
ateagmhasach bliantúil de €2m réamh-mheasta ar feadh na cúpla bliain seo romhainn, mar gheall
ar ghearradh siar ar mhaoiniú ón rialtas.
Ioncam agus Caiteachas
Tháinig méadú 12% go €98m ar ioncam lárnach agus tháinig méadú dá réir sin ar chaiteachas. Na
rudaí is mó ba chúis leis na méaduithe seo ná dámhachtainí náisiúnta pá a bhí thart ar 6% ar an
meán mar aon le méadú 9% ar líon na mac léinn.
Tháinig méadú suntasach ar an gcaiteachas ar Thaighde Conartha ó €17m in 2001-02 go €25m i
2002-03, sin méadú 48%, rud a léiríonn rathúlacht inmholta na hOllscoile, ó thaobh leibhéil
mhaoiniúcháin taighde a mhealladh go Gaillimh. D’fhéadfadh méid substaintiúil den mhaoiniú
taighde seo a bheith tugtha d’institiúidí Éireannacha eile agus léiríonn ár rathúlacht sa réimse seo
an dea-mheas atá ag gníomhaireachtaí maoiniúcháin taighde ar an Ollscoil seo.
Ábhar imní atá sna costais phárolla mhéadaitheacha nach bhfuil maoinithe go hiomlán mar aon le
costais mhéadaitheacha maidir le forlíonadh pinsean agus caithfear rialú agus monatóireacht géar
a dhéanamh orthu.
Clár Comhardaithe
Leanann an Ollscoil le clár comhardaithe láidir a bheith aici chomh maith le sócmhainní buana
luaite ag €260m, a bhfuil gné na bhfoirgneamh de athluacháilte ag €2,400 in aghaidh an mhéadair
chearnaigh, de réir na rialacha comhaontaithe comhchuibhithe.
Léiríonn ár suíomh láidir airgid maoiniú taighde réamhchonartha, mar aon le réamhtháillí agus
réamhdheontais.
Sásraí Maoiniúcháin
D’fhoilsigh an tÚdarás um Ard-Oideachas doiciméad comhairleach i mí Feabhra 2004 dar teideal
“Review of Recurrent Funding Mechanism”. Aithníonn an t-athbhreithniú seo an ról tábhachtach
agus bunúsach atá ag earnáil an tríú leibhéal i sochaí an eolais a fhorbairt agus i bhforbairt
shóisialta, chultúrtha, eacnamaíoch chothrom a éascú.
Is í an aidhm atá aige ná “mionsamhail mhaoiniúcháin athbhreithnithe a chur i bhfeidhm a
chuirfidh ar chumas institiúidí atá ag éirí níos uathrialaí agus níos margadh-thiomanta freagra a
thabhairt ar chláir ghnó leas an phobail ag leibhéil náisiúnta, idirnáisiúnta agus réigiúnacha, agus
ag an am céanna freagracht níos mó a ghlacadh as a n-inbhuanaitheacht airgeadais féin”.
Caithfear fáilte a chur roimh an bhforbairt seo mar go dtugann sí an deis dúinn oibriú níos dlúithe
leis an Údarás um Ard-Oideachas, béim a chur ar ár láidreachtaí, agus tagraítear do go leor acu seo
mar láidreachtaí inmhianaithe sa doiciméad comhairleach. Brúfaidh na láidreachtaí seo an
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Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30, Meán Fómhair, 2003.
Tuarascáil an Sparánaí ar lean
próiseas leithdháilte maoiniúcháin chun cinn, agus tá siad ábhartha go háirithe d’Ollscoil na
hÉireann, Gaillimh mar an t-aon Ollscoil sa cheantar BMW (an Teorainn, an Lár Tíre agus an
tIarthar).
An Todhchaí
Tá clár caipitil uaillmhianach €182m ag an Ollscoil thar thréimhse trí bliana ó 2005 go 2008, lena
n-áirítear áiseanna agus fearais atá ag teastáil go géar do na heolaíochtaí réamhchliniciúla, do scoil
nua innealtóireachta, agus d’fhoirgneamh nua don Roinn Oideachais. Meastar go gcosnóidh na trí
cinn seo astu féin €91m agus tá a gcríochnú ag brath ar mhaoiniú €47m ón státchiste, rud a
sheasann do 51.6% den iomlán.
Tá €125m tiomanta ag Clár Forbartha Bonneagair reatha na hOllscoile idir 2000 agus 2005 agus
bhí €54m de sin caite faoi 30.09.03. Thug an státchiste 53% de mhaoiniú an chláir seo.
Chomh maith le maoiniú caipitil ón státchiste, braitheann an dá chlár thuas go mór ar mhaoiniú
príobháideach agus ar ioncam ateagmhasach príobháideach a aistriú go cúlchistí caipitil. Faoi
rialacha cuntasaíochta Phrionsabail Chuntasaíochta a bhfuil Glactha leo go Ginearálta (GAAP), a
chaithfidh an Ollscoil a chur i bhfeidhm feasta, ní cheadaítear aistrithe den sórt sin. Caithfidh an
Rialtas, dá bhrí sin, Cúlchistí Ioncaim i gclár comhardaithe na hOllscoile a thuiscint agus glacadh
leo (faoi GAAP) a thabharfaidh tacaíocht do na forbairtí caipitil seo.
Conclúid
Tá go leor dúshlán ag an Ollscoil seo sa mheántéarma agus ceann acu sin ná an fhéidearthacht go
dtitfidh an t-éileamh ar ár gcúrsaí mar gheall ar athruithe déimeagrafacha. Tá éileamh freisin, atá
ag méadú de shíor, ar gheilleagar den chineál “luach ar airgead”, rud atá léirithe i ngearradh siar
an Rialtais mar aon le níos mó agus níos mó iniúchta, tuairiscithe, trédhearcachta, agus
cuntasachta. Táimid in acmhainn na dúshláin seo a shárú má thugann na gníomhaireachtaí
maoiniúcháin an tsaoirse airgeadais dúinn chun leanúint lenár bplean straitéiseach a chur i
bhfeidhm.
Ba mhaith liom buíochas a ghlacadh le gach duine a chuir leis an mbliain rathúil agus
comhghairdeas a dhéanamh leo, go háirithe m’fhoireann féin laistigh den fheidhm airgeadais.
Mary C. Dooley, FCA, MBA,
Sparánaí
30 Aibreán, 2004
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Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30, Meán Fómhair, 2003.
Ioncam Reatha 2002-2003
Deontais Stáit
(€49.5m) 40%
Táillí na Macléinn (€43.1m) 36%
Deontais Taighde
(€24.9m) 20%
Ioncaim Eile
(€5.1m)
4%
Tá ioncam iomlán na bliana 18% 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 48% i rith na bliana.
Caiteachas Reatha 2002-2003
Acadúla
(€89.3m)
73%
Foirgnimh
(€19.4m)
15%
Riarachán
(€8.6m)
7%
Seirbhísí Macléinn (€3.4m)
3%
Eile
2%
(€1.9m)
Tháinig méadú de 19% ar an gcaiteachas.
Caiteachas Caipitil 2002-2003
Foirgnimh
(€7.9m)
49%
Trealamh
(€8.2m)
51%
Léiríonn na cuntais a ndearnadh iniúchadh orthu caiteachas caipitil de €16.1m i rith na bliana, a
mhiondealaítear ina €7.9m ar fhoirgnimh agus agus €8.2m ar threalamh.
Deontais Caipitil 2002-2003
ÚAO
(€4.8m)
48%
Neamhspléach
(€5.1m)
52%
€9.9m 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, 2003.
Tuarascáil an Iniúchóra
Chuig Lucht Údaráis na hOllscoile d'Ollscoil na hÉireann, Gaillimh
Tá iniúchadh déanta againn ar na ráitis airgeadais ar leathanach 10 – 21 a hullmhaíodh de réir an Ráiteas ar
Pholasaithe Cuntais ar leathanach 7-9.
Freagrachtaí na hOllscoile agus na nIniúchóirí faoi seach
Tá an Ollscoil freagrach as na ráitis airgeadais a ullmhú, mar atá luaite ar leathanach 2. Tá na dualgais atá
orainn, mar iniúchóirí neamhspleácha, leagtha amach ag an mBord um Chleachtais Iniúchóireachta agus ag
treoir eiticiúil ár ngairme.
Tuairiscímid anseo ár dtuairim i dtaobh an dtugann na ráitis airgeadais léargas fíor agus cothrom agus an
bhfuil siad ullmhaithe I gceart de réir an Chomhchuibhithe Cuntas Ollscoileanna is déanaí arna ghlacadh ag
gach Ollscoil Éireannach. Sonraímid cé acu a bhfuaireamar nó ná bhfuaireamar an t-eolas uile agus na
mínithe uile a mheasaimid a bheith riachtanach chun críocha ár n-iniúchta, agus cé acu a bhfuil nó ná bhfuil na
ráitís airgeadais ag teacht leis na leabhair chuntais. Tuairiscímid freisin ár dtuairim gur choinnigh nó nár
choinnigh an Ollscoil leabhair chearta chuntais.
Ullmhaíodh an tuarascáil seo, lena n-áirítear an tuairim, do chomhaltaí Údarás na hOllscoile mar chomhlacht
agus dóibh sin amháin, de réir ár gceapacháin. Ní ghlacaimid le freagracht, agus muid ag tabhairt na tuairime
seo, as aon chuspóir eile ná d’aon duine eile dá dtaispeántar an tuarascáil seo nó dá bhfaigheadh seilbh ar an
tuarascáil seo ach amháin sa chás go n-aontaímid leis sin go sainráite i scríbhinn roimh ré
Bunús na Tuairime
Rinneamar ár n-iniúchadh ar na ráitis airgeadais don bhliain dar chríoch 30 Meán Fomhair, 2003 de réir
Caighdeán Iniúchta arna n-éisiúint ag an mBord um Chleachtais Iniúchta. Áirítear le hiniúchadh scrúdú, ar
bhonn trialach, ar fhianaise maidir leis na suimeanna a thugtar agus leis an bhfaisnéisiú a dhéantar sna ráitis
airgeadais. Áirítear freisin measúnú ar na meastacháin shuntasacha agus ar na breithiúnais shuntasacha a rinne
an Ollscoil agus na ráitis airgeadais á n-ullmhú, mar aon le measúnú ar oiriúnacht na bpolasaithe cuntasaíochta
do chúinsí na hOllscoile, ar chomhsheasmhacht a gcur i bhfeidhm agus ar dhóthanacht a bhfaisnéisithe.
Phleanálamar agus rinneamar an t-iniúchadh sa chaoi go bhfaighimis an t-eolas agus na mínithe ar fad a
cheapamar a bheith riachtanach lenár ndóthain fianaise a bheith againn le bheith réasúnta cinnte go raibh na
ráitis airgeadais saor ó ráiteas neamhchruinn tábhachtach, bíodh sin trí chalaois nó trí mhírialtacht nó trí aon
earráid eile. Agus muid ag teacht ar ár dtuairim, rinneamar measúnú freisin ar dhóthanacht fhoriomlán an
eolais a cuireadh inár láthair agus ar an gcaoi ar cuireadh i láthair é sna ráitis airgeadais.
Tuairim
Is é ár dtuairim go dtugann na ráitis airgeadais, a ullmhaíodh i gceart de réir an chomhaontaithe is
déanaí maidir le Comhchuibhriú Cuntas in Ollscoileanna Éireannacha, arna leamh i dteannta na mbeartas
cuntasaíochta, léargas fíor agus cothrom ar staid ghnóthaí na hOllsoile amhail an 30 Meán Fómhair, 2003 agus
ar a cuid ioncaim agus caiteachais agus screabhadh airgid thirim don bhlian dar críoch sin.
Fuaireamar an t-eolas agus na míniúcháin ar fad a bhraitheamar a bheith riachtanach don iniúchadh. Is é ár
dtuairim go bhfuil leabhair chuí chuntais coinnithe ag an Ollscoil. Tá na ráitis airgeadais ag teacht leis na
leabhair chuntais.
Is a ár dtuairim go dtagann an fhaisnéis a sholáthraítear i dTuarascáil an Sparánaí ar leathanach 3-5 leis na
ráitis airgeadais.
PricewaterhouseCoopers,
Cuntasóirí Cairte agus Iniúchóirí Cláraithe,
Baile Átha Cliath.
30 Aibreáin, 2004
.
6
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30, Meán Fómhair, 2003.
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. 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, 2003.
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
10 mbliana
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, 2003.
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, 2003.
Ioncam agus Caiteachas | Income and Expenditure
Ioncam | Income
2003
€’000
2002
€’000
49,483
43,087
5,113
46,443
36,325
4,076
97,683
86,844
24,919
16,853
122,602
103,697
50,052
10,989
15,316
4,085
8,642
3,345
3,355
1,873
45,517
9,333
10,947
3,940
8,250
3,069
3,226
2,275
97,657
86,557
24,919
16,853
122,576
103,410
26
287
14
1,936
1,278
15
16
(17,034)
15,098
(16,271)
14,993
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
Breis/(Easnamh) ar ghníomhaíochtaí roimh dhíscríobh Cúlchistí
Deontais Caipitil, Seirbhísí agus Coimhdeacha agus Dímheas
Surplus/(Deficit) on activites before amortisation of Capital
Reserves and Grants, ancillary services and depreciation
Breis/(Easnamh) ar Sheirbhísí Coimhdeacha
Surplus/(Deficit) on Ancillary Services
Dímheas Depreciation
Gluaiseacht sa Chúlchiste Ginearálta General Reserve Movement
Breis/(Easnamh) don Bhliain
Surplus/(Deficit) for year
26
287
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
Sparánaí Bursar
10
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30, Meán Fómhair, 2003.
Clár Comhardaithe | Balance Sheet
2003
2002
€’000
€’000
17
24
259,750
11,737
260,707
11,154
18
22,087
39,313
148
20,970
22,595
138
61,548
43,703
54,694
36,200
6,854
7,503
278,341
279,364
277,841
500
278,890
474
278,341
279,364
Nóta
Note
Sócmhainní Dochta Fixed Assets
Infheistíochtaí Investments
Sócmhainní Reatha Current Assets
Fuílligh sna Bainc agus Airgead Bank Balances and Cash
Feichiúnaithe agus Réamhíocaíochtaí Debtors and Prepayments
Stoc Stock
Dliteanais Reatha Current Liabilities
Creidiúnaithe agus Caiteachas Fabhraithe Creditors and Accrued Expenditure
19
(Dliteanas)/Sócmhainní Reatha Glan Net Current Assets/(Liabilities)
Sócmhainní Iomlána Glan Total Net Assets
Arbh iad seo a bhfoinsí Represented by
Cúlchiste Ginearálta General Reserve
Culchístí Reatha Current 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
___________________
Sparánaí
Bursar
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30, Meán Fómhair, 2003.
Ráiteas faoin Sreabhadh Airgid | Cash Flow Statement
€’000
Glan (eis-sreabhadh)/insreabhadh airgid ó ghníomhaíochtaí
oibrithe (Nóta 22)
2003
€’000
€’000
2,767
2002
€’000
(4,387)
Net Cash (Outflow)/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
989
887
Glan eis-sreabhadh airgid ó ghníomhaíochtaí infheistithe
Net Cash Outflow from Investment Activities
Caiteachas ar thionscnaimh chaipitil
Expentiture on Capital Projects
Gluaiseacht Infheistíochtaí Investment movement
16,077
3,888
583
488
(16,660)
(4,376)
(12,904)
(7,876)
Glan eis-sreabhadh airgid roimh mhaoiniú
Net Cash outflow before Financing
Maoiniú Financing
Aistriú ó Ioncam agus Caiteachas
Transfer from Income and Expenditure
4,085
3,940
Maoiniú Trealaimh Equip Financing
512
Deontais Caipitil ÚAO HEA Capital Grant
4,795
5,622
Deontais Caipitil Neamh ÚAO Non HEA Capital Grant
5,141
4,046
Glan insreabhadh airgid ó mhaoiniú
Net Cash inflow from financing
14,021
14,120
Glan insreabhadh tar éis maoiniú
1,117
6,244
1,117
6,244
Net inflow after financing
Méadú ar airgead agus a chomhionann (Nóta 23)
Increase in cash and cash equivalents (Note 23)
12
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30, Meán Fómhair, 2003.
Nótaí faoi na cuntais | Notes to the Accounts
1.
2.
2003
2002
Deontais Stáit State Grants
€’000
€’000
Deontais Reatha Recurrent Grants
Cistiú Sprioctha do Thionscnaimh Speisialta
Targeted Funding for Special Initiatives
Mion Oibreacha Minor Works
44,933
4,410
41,836
4,467
140
140
49,483
46,443
42,937
150
36,271
54
43,087
36,325
989
286
398
617
1,698
376
749
887
221
123
537
1,735
271
302
5,113
4,076
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, 2003.
Nótaí faoi na cuntais, ar lean | Notes to the Accounts cont’d
Pá
Pay
€’000
4.
2003
Iomlán
Total
€’000
2002
€’000
Deontas Taighde agus Tionscnaimh Research Grants and Projects
Deontais Taighde Research Grants
Tionscnaimh Eile Other Projects
5.
N/Phá
Non Pay
€’000
8,694
1,481
13,368
1,376
22,062
2,857
14,915
1,938
10,175
14,744
24,919
16,853
35,792
5,536
2,250
33,275
4,650
1,858
6,143
6,143
5,415
331
331
319
43,578
6,474
50,052
45,517
2,698
1,443
147
207
992
304
209
140
2,508
1,297
104
63
29
289
63
31
136
5,206
2,740
251
270
29
1,281
367
240
276
4,311
2,395
156
245
20
1,171
307
213
322
174
155
329
193
6,314
4,675
10,989
9,333
2,559
1,722
7,108
910
140
214
856
1,807
9,667
2,632
140
214
856
1,807
6,108
2,681
140
101
575
1,342
4,281
11,035
15,316
10,947
Rannóga Acadúla Academic Departments
Acadúil Academic
Teicniúil Technical
Riarachán agus Rúnaíocht
35,792
5,536
2,250
Administration and Secretarial
Deontais Rannóga Acadúla
Academic Department Grants
Ilchostais Miscellaneous
6.
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
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.
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, 2003.
Nótaí faoi na cuntais, ar lean | Notes to the Accounts cont’d
8.
Pá
Pay
N/Phá
Non Pay
Iomlán
Total
2002
€’000
€’000
€’000
€’000
Tograí Foirgníochta agus Trealaimh Building and Equipping Projects
Foirgníocht Building
Trealamh Equipment
9.
1,120
2,965
1,618
2,322
4,085
4,085
3,940
5,470
1,403
278
1,491
6,873
278
1,491
6,313
432
1,505
5,470
3,172
8,642
8,250
252
1,203
1,489
1,203
1,389
984
483
170
483
170
442
254
2,108
3,345
3,069
751
751
682
393
273
606
416
22
57
478
69
415
330
1,084
485
434
268
1,093
488
282
8
290
261
1,970
1,385
3,355
3,226
(33)
1,906
(33)
2,278
(3)
(33)
1,873
2,275
Riarachán Administration
Seirbhísí Riarachán Administrative Services
Táillí Gairmiúla Professional Fees
Ilchostais Miscellaneous
10.
1,120
2,965
Costais Eile Oideachais General Educational Expenditure
Scrúduithe Examinations
Scoláireachtaí/Comhaltaí Iarchéime
Scholarships/Postgraduate Fellowships
Tobhach Ollscoil na hÉireann NUI Levy
Ilghnéitheach Miscellaneous
1,237
1,237
11.
Áiseanna agus Conláistí Facilities and Amenities
Deontas do Chumann na Mac Léinn
Students Union Grant
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
1,906
1,906
15
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30, Meán Fómhair, 2003.
Nótaí faoi na cuntais, ar lean | Notes to the Accounts cont’d
13.
N/Phá
Non Pay
Iomlán
Total
2002
€’000
€’000
€’000
€’000
64,757
32,900
97,657
86,557
10,175
14,744
24,919
16,853
74,932
47,644
122,576
103,410
Caiteachas Iomlán Total Expenditure
Seirbhísí Acadúla agus Seirbhísí Gaolmhara
Academic and Related Services
Deontais Taighde agus Tionscaimh
Research Grants and Projects
14.
Pá
Pay
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.
Caiteachas/
Expenditure
Leithdháileadh
Allocation
€’000
3,608
214
1,847
89
3,608
214
5,758
3,822
Breis
Surplus
2002
£’000
€’000
1,847
89
1,166
112
1,936
1,278
2003
€’000
2002
€’000
Foirgneamh Buildings
Trealamh Equipment
12,689
4,345
12,484
3,787
Iomlán Total
17,034
16,271
Dímheas ar Sócmhainní Dochta Depreciation of Fixed Assets
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
(17,034)
(16,271)
1,936
1,278
(15,098)
(14,993)
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30, Meán Fómhair, 2003.
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
2003
Iomlán
Total
€’000
2002
€’000
Costas/Luacháil ag tús na bliana Cost/Valuation at start of year
Costas Cost
Luacháil Valuation
85,368
189,709
43,545
-
128,913
189,709
125,025
189,552
Iomlán Total
275,077
43,545
318,622
314,577
7,905
-
8,172
-
16,077
-
3,888
157
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
Dímheas Depreciation
Ag tús na bliana At start of year
40,283
17,632
57,915
41,644
Dímheas don bhliain Depreciation for year
Ag deireadh na bliana At end of year
12,689
52,972
4,345
21,977
17,034
74,949
16,271
57,915
Luacháil glan leabhair ag tús
Net book value at start
Luacháil glan leabhair ag deireadh
Net book value at end
234,794
25,913
260,707
272,933
230,010
29,740
259,750
260,707
Breiseanna ag Costas Additions at Cost
Athluacháil sa Bhliain Revaluation in Year
Costas/Luacháil ag Deireadh Cost/Valuation at End
* 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, 2003.
Nótaí faoi na cuntais, ar lean | Notes to the Accounts cont’d
2003
€’000
18.
Féichiúnaithe agus Réamhíocaíochtaí Debtors and Prepayments
Caiteachas Taighde Research Expenditure
Iasachtaí Tithíochta na Foirne Staff Housing Loans
llfhéichiúnaithe agus Réamhíocaíochtaí Debtors and Prepayments
Fuílligh idir Chuideachtaí Inter Company Balances
19.
8,395
448
930
29,540
5,920
368
2,619
13,688
39,313
22,595
20,608
7,830
8,227
253
17,776
15,839
4,843
6,898
2,058
6,562
54,694
36,200
Creidiúnaithe Creditors
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
20.
2002
€’000
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
18
Athrú sa
Bhliain
Current Year
Movement
€’000
Fuílleach
ag Deireadh
Closing
Balance
€’000
189,709
-
189,709
62,078
4,795
66,873
19,181
4,085
23,266
55,615
5,141
60,756
10,222
1,964
12,186
(57,915)
(17,034)
(74,949)
278,890
(1,049)
277,841
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30, Meán Fómhair, 2003.
Nótaí faoi na cuntais, ar lean | Notes to the Accounts cont’d
21.
22.
2003
€’000
2002
€’000
Fuílleach ag tús de réir na gcuntas deiridh Opening Balance
Breis glan na bliana Net surplus for year
474
26
187
287
Fuílleach Deiridh Closing Balance
500
474
Cúlchiste Ioncam Revenue Reserve
Réiteach ar Bhreis ar an Chuntas Ioncam agus Caiteachas
leis an Breis glan (eis-shreabhadh)/insreabhadh airgid ó ghníomhaíochtaí oibrithe
Reconciliation of Income and Expenditure Account Surplus to
net cash (Outflow)/Inflow from operating activities
Breis na Bliana Surplus for the Year
Lúide Ús Faighte Glan Less Net Interest Received
Dímheas Depreciation
Amúchadh ar Chúlchistí Ginearálta Amortisation of General Reserves
Méadú ar Fheichiúnaithe agus Réamhíocaíochtaí
Increase in Debtors and Prepayments
(Meadú)/Laghdú ar Stoic (Increase)/Decrease in Stock
Meadú ar Chreidiúnaithe Increase in Creditors
Méadú ar Chúlchiste Ginearálta (Eile)
Increase in General Reserve (Other)
26
(989)
(17,034)
17,034
(16,718)
287
(887)
(16,271)
16,271
(12,160)
(10)
18,494
1,964
51
6,087
2,235
2,767
(4,387)
Fuílleach ag 1 Deireadh Fómhair Balance at 1st October
Glan insreabhadh airgid Net Cash inflow
20,970
1,117
14,726
6,244
Fuílleach ag 30 Meán Fómhair Balance at 30 September
22,087
20,970
11,737
11,154
Glan insreabhadh/(eis-sreabhadh) Airgid ó Ghníomhaíochtaí Oibrithe
Net Cash Inflow/(Outflow) from Operating Activities
23.
24.
Anailís ar athrú in Airgead agus a Chomhionann
Analysis of Change in Cash and Cash Equivalent
Infheistíochtaí Investments
Is stoc rialtais atá sa chuid is mó de na infheistíochtaí
The Investments comprise mainly of Government stocks
19
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30, Meán Fómhair, 2003.
Nótaí faoi na cuntais, ar lean | Notes to the Accounts cont’d
25.
2003
€’000
2002
€’000
19,325
26,265
35,096
48,153
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, 2003 bhí €86,969
(2002: €185,049) 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 2003, was owed €86,969 (2002: €185,049).
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,
2003, bhí €30,000 dlite (2002: €45,107).
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 2003 was owed
€30,000 (2002: €45,107).
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, 2003 bhí €83,637 dlite (2002: €73,220).
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, 2003 was owed €83,637 (2002: €73,220).
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 ar luach €15,890,246 agus ó 30
Meán Fómhair, 2003 bhí €29,617,691 dlite (2002: €13,677,445).
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 to the value
of €15,890,246 and, as of 30 September 2003 was owed €29,617,691 (2002: €13,677,445).
20
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30, Meán Fómhair, 2003.
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 2003
agus 2002.
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 2003 and 2002.
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, 2003.
Statement of Responsibility
The University is required to comply with the Universities Act 1997, and to keep in such form as may be
approved of by the Higher Education Authority, 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 and apply them consistently;
• Make judgements and estimates that are reasonable and prudent;
• Prepare the financial statements on the going concern basis unless that basis is inappropriate.
The University is responsible for keeping proper books of account which disclose with reasonable accuracy at
any time the financial position of the University and which enables it to ensure that its financial statements
comply with the Universities Act 1997. 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.
On behalf of the University Authority
________________________
President
30 Aibreáin, 2004.
22
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30, Meán Fómhair, 2003.
Bursar’s Report
Results
The year under review will be chalked up as a successful one in that the University managed to report a small surplus of
recurrent income over expenditure, in a year of great uncertainty over government funding. It is regrettable that, at the
time of writing, we are projecting annual recurrent deficits of the order of €2m for the next few years, due to cut backs in
government funding.
Income and Expenditure
Core income increased by 12% to €98m with a corresponding increase in expenditure. The principal drivers of these
increases were national pay awards, which averaged 6% plus increased student numbers of 9%.
Expenditure on Contract Research increased significantly from €17m in 2001/02 to €25m in 2002/03 an increase
of some 48% reflecting the University’s commendable success in attracting levels of research funding to Galway. A
substantial amount of this research funding could potentially have gone to other Irish institutions and our success in this
area reflects the high esteem in which this University is held by the research funding agencies.
Increasing payroll costs that are not fully funded, together with increasing pension supplementation costs, give rise to
concern and require close monitoring and control.
Balance Sheet
The University continues to have a strong balance sheet with fixed assets stated at €260m, the buildings element of
which are revalued at €2,400 per square metre, in accordance with the agreed harmonisation rules.
Our strong cash position reflects advance contract research funding, together with advance fees and grants.
Funding Mechanisms
The Higher Education Authority published a consultative document in February 2004 titled “Review of Recurrent
Funding Mechanism”. This review acknowledges the important and fundamental role played by the third level sector in
the development of a knowledge society and in facilitating balanced economic, cultural and social development.
Its aim is “to put a revised funding model in place which will enable increasingly autonomous and market driven
institutions, to respond to public interest agendas at national, international, and regional levels, while also taking a
greater responsibility for their own financial sustainability”.
This development is to be welcomed as it affords us the opportunity to work more closely with the H.E.A. in
highlighting our strengths, many of which are referred to as desirable in the consultative document. These strengths will
drive the funds allocation process, and are particularly relevant to NUI Galway as the only University in the BMW
(Borders, Midlands and Western) region.
The Future
The University has an ambitious capital programme totalling €182m over the three years 2005 to 2008, including
urgently needed facilities and equipment for the pre clinical sciences, a new engineering school and a new education
department building. These three alone are budgeted at €91m and their completion is dependant on exchequer funding of
€47m representing 51.6%.
23
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30, Meán Fómhair, 2003.
Bursar’s Report cont’d
The University’s current Infrastructural Development Programme covering 2000 to 2005 has commitments totalling
€125m of which €54m had been spent by 30.9.03. The exchequer funding element of this programme is 53%.
In addition to exchequer capital funding, both of the above programmes rely heavily on private funding and on transfers
of privately generated recurrent income, to capital reserves. Under GAAP accounting rules, which the University must
apply going forward, such transfers are not permitted. Hence it will be necessary for Government to understand and
accept a build up of Revenue Reserves in the University’s balance sheet (under GAAP) that will underpin these capital
developments.
Conclusion
There are many challenges facing this University in the medium term not least of which is the potential for a fall in
demand for our courses arising from demographic changes. There is also an ever-increasing demand for “value for
money”- type economies, reflected in Government cut backs, coupled with greater levels of audit, reporting, transparency,
and accountability. We are well placed to meet these challenges provided the funding agencies allow us the financial
headroom to continue with the implementation of our strategic plan.
I wish to thank and congratulate everyone who contributed to a successful year, particularly my own staff within the
finance function.
Mary C. Dooley, FCA MBA,
Sparánaí / Bursar.
30 Aibreáin, 2004
24
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30, Meán Fómhair, 2003.
RECURRENT INCOME 2002-2003
State Grants
(€49.5m)
40%
Student Fees
(€43.1m)
36%
Research Grant
(€24.9m)
20%
Other Income
(€5.1m)
4%
Total income for the year increased by 18 %. This reflects increased student numbers, increases in student fees and state
grants as well as an increase of 48 % in income from funded research grants and projects.
RECURRENT EXPENDITURE 2002-2003
Academic
(€89.3m)
73%
Building
(€19.4m)
15%
Administration
(€8.6m)
7%
Student Services
(€3.4m)
3%
Other
(€1.9m)
2%
Total expenditure increased by 19%.
CAPITAL EXPENDITURE 2002-2003
Buildings
(€7.9m)
49%
Equipment
(€8.2m)
51%
The Audited Accounts show capital expenditure during the year at €16.1m, which is further analysed as €7.9m
building and €8.2m equipment. .
CAPITAL FUNDING 2002-2003
HEA
(€4.8m)
48%
Non-State
(€5.1m)
52%
Capital Funding credited during the year was €9.9 m and is analysed above as to its sources.
25
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30, Meán Fómhair, 2003.
Report of the Auditors
To the members of the Governing Authority of the National University of Ireland, Galway
We have audited the financial statements on pages 10 to 21 which have been prepared in accordance with the Statements
of Accounting Policies set out on pages 27 to 28.
Respective responsibilities of the University and Auditors
The University is responsible for preparing the financial statements, as described on page 22. Our responsibilities, as
independent auditors, are established in Ireland by statute, the Auditing Practices Board and our profession’s ethical
guidance.
We report to you our opinion as to whether the financial statements give a true and fair view and are properly prepared
in accordance with the final agreement on Harmonisation of Universities’ Accounts 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.
This report, including the opinion, has been prepared for and only for the members of the Governing 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.
Basis of Opinion
We conducted our audit on the financial statements for the year ended 30 September 2003 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 disclusures 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 of information in the financial statements.
Opinion
In our opinion the financial statements, which have been properly prepared in accordance with the most recent Irish
Universities Harmonisation of Accounts agreement, read in conjunction with the accounting policies, give a true and fair
view of the state of the University’s affairs as at 30 September 2003 and of its income and expenditure and cash flows
for the year then ended. 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.
In our opinion, the information given in the Bursar’s Report on page 23-25 is consistent with the financial statements.
PricewaterhouseCoopers
Chartered Accountants and Registered Auditors
Dublin.
30 Aibreáin, 2004
26
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30, Meán Fómhair, 2003.
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. 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.
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: -
27
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30, Meán Fómhair, 2003.
Statement of Accounting Policies cont’d
Buildings
Computer Equipment
Furniture and Equipment
Land is not depreciated
H
50 years
3 years
10 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.
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.
28
Ollscoil na hÉireann, Gaillimh Cuntais na bliana dar chríoch 30, Meán Fómhair, 2003.
Statement of Accounting Policies cont’d
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