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Finance record 2019/20 - Table 8: Capital expenditure

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Version 1.1 Produced 2020-12-16

Contents:

Capital expenditure covers the analysis of expenditure incurred by the HEP on capital. This table should show expenditure capitalised and must match with the audited financial statements.

Capital expenditure is all expenditure which increases the value of a higher education provider's (HEP's) (or a subsidiary undertaking's) fixed assets, including the purchase of land, buildings, and those items of equipment which are included in the HEP's register of fixed assets and shown in the balance sheet. The capital expenditure should thus be consistent with the additions to fixed assets shown in a note to the balance sheet. 

Capital expenditure should include fees and irrecoverable VAT. 

The heads in this table shows an analysis of capital expenditure incurred in residences and catering areas (including conferences) and other areas of HEP’s operations.

The columns in this table shows how capital expenditure was financed. A description of each of the columns is below:

    Columns

    Column 1 (Funding body grants)

  1. Column 1 shows capital grants allocated by the funding bodies.
  2. Column 2 (Retained proceeds of sales)

  3. Column 2 should show the contribution from proceeds from sales for capitalised expenditure.
  4. Column 3 (Internal funds)

  5. Column 3 should show capital expenditure financed by internal funds like accumulated surpluses.
  6. Column 4 (Loans)

  7. Column 4 should show capital expenditure financed by loans.
  8. Column 5 (Leasing)

  9. Column 5 should include capital expenditure funded by finance leases and capitalised.
  10. Column 6 (PFI)

  11. Column 6 should include capital expenditure funded by Private Finance Initiatives/Non-profit distribution projects and capitalised.
  12. Column 7 (Other external sources)

  13. Column 7 should include capital expenditure financed by other external sources like bequests and donations.
  14. Column 8 (Total actual spend)

  15. Column 8 is automatically populated and is calculated as the sum of columns 1 to 7.
  16. Head 1 (Residences operations)

    Head 1 should show expenditure capitalised in Residences and conference operations.

    Sub-head 1a (Buildings)

  17. Sub head 1a should show capital expenditure incurred on residences and conference land and building projects.
  18. Sub-head 1b (Equipment)

  19. Should show capital expenditure incurred on the purchase of equipment within residences and conference operations.
  20. Head 2 (Catering operations)

    Sub-head 2a (Buildings)

  21. Should show capital expenditure incurred on catering and conference land and building projects.
  22. Sub-head 2b (Equipment)

  23. Should show capital expenditure incurred on the purchase of equipment within catering and conference operations.
  24. Head 3 (Other operations)

    Sub-head 3a (Buildings)

  25. Should show capital expenditure incurred on non-residential, non-catering and non-conference land and building projects.
  26. Sub-head 3b (Equipment)

  27. Should show capital expenditure incurred on the purchase of equipment within non-residential, non-catering and non-conference operations.
  28. Head 4 (Total capital expenditure)

  29. This is automatically calculated and is the sum of Heads 1, 2 and 3.

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