Finance Table 14 - Key Financial Indicators 2015/16 to 2018/19
Table 14 - Key Financial Indicators
Academic years 2015/16 to 2018/19
Data for table 14 are not based on restated figures.
For some providers, 2018-19 staff costs includes an exceptional, non-cash, accounting expense, to reflect the increase to the deficit contributions that employers have had to make to pension schemes, most substantially the Universities Superannuation Scheme (USS) following the finalisation of the 2017 USS valuation. This expense is not a typical annual operating expense, and should be considered when looking at the Surplus/(deficit) and Staff costs KFIs.
Type of data
HESA (Higher Education Statistics Agency) 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 Finances 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 .
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