Finance record 2020/21 - Table 1 - Consolidated statement of comprehensive income

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Version 1.1 Produced 2021-11-24

Table 1 - Consolidated statement of comprehensive income

1. Table 1 is a consolidated statement of comprehensive income and expenditure account in the financial statements.
2. Data presented in this table must match audited financial statements.

Head 1 (Income)

3. Head 1 shows the total operating income of the HEP.
4. Sub head 1a shows tuition fees and education contracts and is automatically populated from Table 6, Head 1.
5. Sub head 1b shows funding body grants and is automatically populated from Table 6, Head 2.
6. Sub head 1c shows research grants and contracts and is automatically populated from Table 6, sub head 3r.
7. Sub head 1d shows other income and is automatically populated from Table 6, sub head 4i.
8. Sub head 1e shows Investment income and is automatically populated from Table 6, Head 5.
9. Sub head 1f shows Endowment and donations and is automatically populated from Table 6, sub head 7d.
10. Sub head 1g is Total income and is automatically populated. Sub head 1g is calculated as the sum of sub heads 1a to 1f. Data in sub head 1g must match with Table 6, Head 8.

Head 2 (Expenditure)

11. Head 2 shows the total operating expenditure of the HEP.
12. Sub head 2a shows staff costs and is automatically populated from Table 7, Head 8, column 3.
13. Sub head 2b shows restructuring costs and is automatically populated from Table 7, Head 8, column 4.
14. Sub head 2c shows other operating expenses and is automatically populated from Table 7, Head 8, column 5.
15. Sub head 2d shows depreciation and amortisation and is automatically populated from Table 7, Head 8, column 6.
16. Sub head 2e shows interest and other finance costs and is automatically populated from Table 7, Head 8, column 7.
17. Sub head 2f is the total expenditure and is automatically populated. Sub head 2f is calculated as the sum of sub heads 2a to 2e. Data in sub head 2f must match with Table 7, Head 8, column 8.

Head 3 (Surplus/(Deficit) before other gains and losses and share of surplus/(deficit) in joint ventures and associates)

18. Head 3 is automatically populated. Head 3 is calculated as sub head 1g minus sub head 2f.

Head 4 (Gain/(loss) on disposal of tangible assets)

19. Head 4 should show gain or loss made on disposal of tangible asset. This must be tangible asset included in Table 2, sub head 1e.

Head 5 (Gain/(loss) on disposal of investment property)

20. Head 5 should show gain or loss made on disposal of investment property. This must be investment property included in Table 2, sub head 1g.

Head 6 (Gain/(loss) on investments)

21. Head 6 must show any gains or loss on investments.

Head 7 (share of operating surplus or deficit in joint ventures)

22. Head 7 must show share of operating surplus or deficit in a joint venture owned by HEP.

Head 8 (share of operating surplus or deficit in associates)

23. Head 8 must show share of operating surplus or deficit in a associate owned by HEP.

Head 9 (Surplus/(Deficit) before Tax)

24. Head 9 is automatically calculated and is the sum of Heads 3 to 8.

Head 10 (Taxation)

25. Head 10 should show corporation tax arising for the surplus of the HEP. This is taxation liability rather than tax actually paid by the HEP.
26. The disclosure requirements for the recognition and measurement of tax and deferred tax are set out in FRS 102 and must be applied in full where material to the financial statements.

Head 11 (Surplus/(Deficit) for the year)

27. Head 11 is automatically calculated and is the sum of Heads 9 and 10.

Head 12 (Unrealised surplus on revaluation of land and buildings)

28. Head 12 must show increase in the value of tangible assets from revaluation. Revaluation of assets are carried out on the basis of accounting policy of the HEP.

Head 13 (Actuarial gain/(loss) in respect of pension schemes)

29. Head 13 must show actuarial gain or loss on defined benefit schemes operated by the HEP.

Head 14 (Change in the fair value of hedging financial instruments and foreign currency translation) 

30. Head 14 must show the change in the fair value at balance sheet date where the HEP has hedged financial instruments. This head should also show differences arising from foreign currency translation.

Head 15 (Any other type of comprehensive income not included above) 

31. Head 15 must show any other type of comprehensive income not included under any other head or sub head.

Head 16 (Total comprehensive income/expenditure for the year)

32. Head 16 is automatically populated and is the sum of Heads 11 to 15.

Head 17 (Total comprehensive income for the year represented by)

33. Sub head 17a should show endowment comprehensive income for the year.
34. Sub head 17b should show restricted comprehensive income for the year.
35. Sub head 17c should show unrestricted comprehensive income for the year.
36. Sub head 17d should show revaluation reserve comprehensive income for the year.
37. Sub head 17e should show comprehensive income for the year attributable to the HEP.
38. Sub head 17f should show comprehensive income attributable to non-controlling interest of the HEP. This should be the same as sub head 18a.
39. Sub head 17g is automatically populated and is the sum of sub heads 17a and 17b.

Head 18 (Surplus attributable to)

40. Sub head 18a should show surplus or deficit that is attributable to a non-controlling interest.
41. Sub head 18b is automatically populated and is calculated as Head 11 minus sub head 18a. Head 18b therefore shows surplus or deficit attributable to the HEP.

Head 19 (Disclosure of material items)

42. If 'material' items have been separately disclosed as additional lines on the face of the published accounts, the HEP should respond with a YES/NO response.
43. Further detail of such disclosure must be incorporated within the appropriate Head in Table 9.

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