Continued growth for investment in Uni's future

Tuesday, 20 May 2008

Continued growth in research and students is allowing the University of Adelaide to make significant investments in facilities and resources for students and staff.

The University of Adelaide has reported another strong financial performance with an operating surplus for 2007 of $33.9 million and a 10% increase in net assets.

"Over the past six years the University has consistently achieved excellent financial results supported by strong growth in students and in research performance and we have continued this trend in 2007," said University Vice-Chancellor and President Professor James McWha.

"This building up of our reserves means we are achieving our goal of sustainable financial growth and have been able to make significant reinvestment in our students, staff and facilities.

"In 2007 we commenced our most ambitious capital works program in many years, led by the flagship state-of-the-art Engineering Building to help cater for the huge increase in demand for graduate skills in this high priority area.

"In total, we will be investing $400 million in four years on facilities and infrastructure on our North Terrace, Waite and Roseworthy campuses to significantly enhance the University's learning and teaching environment, strengthen its research capacity and contribute to its environmental sustainability."

Other highlights for 2007 included:

• Being awarded 235 new Commonwealth-supported places - more places than any other University in Australia - including places in priority areas of health and engineering and for the new School of Veterinary Science
  
• Launch of the University of Adelaide's Confucius Institute in partnership with Shandong University
  
• A high number of prestigious state, national and international awards and scholarships to staff and students in recognition of academic, teaching and research excellence.
  

2007 saw student numbers continue to increase to 20,500 and net assets increase to $866 million.

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