Finance record 2021/22 - Table 8: Capital expenditure

Version 1.0 Produced 2022-08-12

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 and intangible assets 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)

Column 1 shows capital grants allocated by the funding bodies.

Column 2 (Retained proceeds of sales)

Column 2 should show the contribution from proceeds from sales for capitalised expenditure.

Column 3 (Internal funds)

Column 3 should show capital expenditure financed by internal funds like accumulated surpluses.

Column 4 (Loans)

Column 4 should show capital expenditure financed by loans.

Column 5 (Leasing)

Column 5 should include capital expenditure funded by finance leases and capitalised.

Column 6 (PFI)

Column 6 should include capital expenditure funded by Private Finance Initiatives/Non-profit distribution projects and capitalised.

Column 7 (Other external sources)

Column 7 should include capital expenditure financed by other external sources like bequests and donations.

Column 8 (Total actual spend)

Column 8 is automatically populated and is calculated as the sum of Columns 1 to 7.

Head 1 (Residences operations)

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

Sub Head 1a (Buildings)

This Sub Head should show capital expenditure incurred on residences and conference land and building projects.

Sub Head 1b (Equipment)

This Sub Head should show capital expenditure incurred on the purchase of equipment within residences and conference operations.

Sub Head 1c (Intangibles)

This Sub Head should show any intangible expenses relating to the residences and conference operations. This may include items such as licences, IP and IT software.

Head 2 (Catering operations)

Sub Head 2a (Buildings)

This Sub Head should show capital expenditure incurred on catering and conference land and building projects.

Sub Head 2b (Equipment)

This Sub Head should show capital expenditure incurred on the purchase of equipment within catering and conference operations.

Sub Head 2c (Intangibles)

This Sub Head should show any intangible expenses relating to the catering and conference operations. This may include items such as licences, IP and IT software.

Head 3 (Other operations)

Sub Head 3a (Buildings)

This Sub Head should show capital expenditure incurred on non-residential, non-catering and non-conference land and building projects.

Sub Head 3b (Equipment)

This Sub Head should show capital expenditure incurred on the purchase of equipment within non-residential, non-catering and non-conference operations.

Sub Head 3c (Intangibles)

This Sub Head should show any intangible expenses within non-residential, non-catering and non-conference operations. This may include items such as licences, IP and IT software.

Head 4 (Total capital expenditure)

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

Need help?