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Table 10 - Separately disclosed material items from the audited financial statement of comprehensive income and expenditure year ended 31 July 2015/16 to 2021/22

HE Provider Data: Finance

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 2021/22

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As part of their latest data submission, HE providers are able to restate the previous year's figures. In this Table, previous year's figures are based on restated figures (so the 2018/19 figures are taken from the 2019/20 return and the 2017/18 figures are from the 2018/19 return). 

Note that English providers were not required to return this information from 2018/19. As this Table uses restated figures, and due to the fact that restated figures for English providers were also not required in the return, no data is shown for English providers for restated years from 2017/18 either.

Type of data

Administrative data

Data source

HESA (Higher Education Statistics Agency) is part of Jisc. We are the experts in UK higher education data and analysis. We have been collecting higher education information since the 1994/95 academic year.

Finance data is taken from the HESA Finance record, which universities, colleges and other higher education providers return to HESA on an annual basis. The Finance record collects a range of information about the primary financial statements from HE providers' published accounts.

From 2018/19, data for English HE providers (excluding further education colleges and sixth form colleges under the primary regulation of the Education and Skills Funding Agency) was collected by the Office for Students.

We provide data and analysis on finances of HE providers to a wide variety of customers, including:

  • Governments
  • Universities (via the Heidi Plus analytics tool)
  • Academic and commercial researchers
  • Students and potential students
  • Trade unions and employers' associations
  • Policy makers.

Our data is used to regulate the sector, inform policy making, advance understanding of social and economic trends, support decision making, and enhance public understanding of - and confidence in - the higher education sector.

Related releases

Our HE Provider Data: Finance data pages collect together all of the tables we publish on finances in higher education.

Further information

The data in this table displays material transactions that are reported on the face of primary statements.

This is where a HE provider deviates from traditional streams of income and expenditure. This deviation is allowed where a transaction has a significant impact on the business and necessitates disclosure as a separate line.

View Table 10 - Separately disclosed material items from the audited financial statement of comprehensive income and expenditure

A material transaction is a transaction which has a significant impact on the business and necessitates separate disclosure on the face of primary statements. An example is the pension provision adjustments and revaluations. Some providers have reported this transaction in 2018/19 and 2019/20 as a material transaction. Some pension schemes, more significantly, the Universities Superannuation Scheme (USS), carry an accounting liability which changes as the projected values of future pension assets and liabilities change. These accounting adjustments are displayed as either a positive or negative value in staff costs although this is not operational and does not represent a cash transaction, in some instances these values have been shown as a material transaction and reported as a separate line. This table is completed by providers in Scotland, Wales and Northern Ireland. Data for English providers are not included within this table.

This table provides additional information in cases where a HE provider has chosen to disclose an item (or items) on a separate line (or lines) on the face of their published statement of comprehensive income and expenditure. Separate disclosure enables a fuller understanding of the accounts, while retaining the integrity between CSCI and the model financial statements.

Further guidance on separately disclosed material items in the statement of comprehensive income can be found in FEHE SORP 2019 and FRS 102.

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