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Other financial statements

HE Provider Data: Finance Other financial statements

On this page: Balance sheets | Cash flow | Capital expenditure | Separately disclosed material items | Reserves

Important - Changes to finance data for 2018/19
Changes to regulation mean that the latest finance data differs in several respects from previous years' data. Expand this box for more information.

HESA has collected and published financial statements data and associated analysis for the UK HE sector for over twenty years. During this time, HE financial data was relatively homogeneous in many respects, with financial years naturally following the pattern of the academic year. Changes to the regulation of HE in England have seen a broadening and diversification of HE provider types, and consequently a re-evaluation of appropriate collection and publication strategies.

From 2018/19 the Office for Students (OfS) has been collecting financial data from HE providers in England, including alternative providers (APs) for the first time. Note that the OfS do not collect data from further education colleges and sixth form colleges under the primary regulation of the Education and Skills Funding Agency (ESFA). The data collected by the OfS has been ingested by HESA and integrated with the data for HE providers in Wales, Scotland and Northern Ireland. The latest available data covers HE providers with a financial year end between 1 January and 31 July 2019. All tables contain a filter to allow for analysis by month of financial year end.

Note that some APs have financial reporting year ends between 1 August and 31 December 2019. Due to the start point of the new OfS data collection cycle, and HESA’s reporting year, data for these providers will be made available as part of a forthcoming release of data, covering all financial year ends falling within the 2019/20 HESA reporting year.

Further accounts information by higher education provider. For information on VC pay, highly paid staff, and severance payments see:

Other financial statements: Senior staff pay

Balance sheets

Balance sheets give a statement of the assets, liabilities, and capital of each HE provider. They provide a snapshot of each HE provider's financial position at the end of their financial year. For publicly funded HE providers, this is 31 July. For privately funded APs, this month can vary.

Table 2: Consolidated statement of changes in reserves, reported in previous years has been discontinued for 2018/19 as the figures were not required for publication.

Table 3 - Consolidated balance sheet

Academic years 2015/16 to 2018/19


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HE providers in Scotland are required to provide additional information in their balance sheets.

Table 3S - Consolidated balance sheet as at 31 July - Scottish HE providers

Academic years 2015/16 to 2018/19

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Cash flow

Cash flow statements show how changes in balance sheet accounts and income affect cash and cash equivalents. Cash flow statements are concerned with the flow of cash in and out of the HE provider.

Table 4 - Consolidated statement of cash flows

Academic years 2015/16 to 2018/19


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Capital expenditure

Capital expenditure is the money that HE providers spend to buy, maintain, or improve their fixed assets, such as buildings, and equipment. Spending is considered capital expenditure if the benefits extend beyond the current year.

Table 9 - Capital expenditure

Academic years 2015/16 to 2018/19

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View operating expenditure

Separately disclosed material items

This table provides additional information in cases where an HE provider chose to disclose items on separate lines of their published income and expenditure statements.

Table 10 - Separately disclosed material items from the audited financial statement of comprehensive income and expenditure year ended 31 July

Academic years 2015/16 to 2018/19


open-data   Open data licence: CC-BY-4.0

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