Uni reports continuing surplus in tough times

Photo by Randy Larcombe.

Photo by Randy Larcombe.
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Tuesday, 12 May 2009

The University of Adelaide has achieved an operating surplus for 2008 of $34.8 million, compared with $33.9 million in 2007.

This is an excellent result in light of the current global financial crisis and continues a seven-year trend of strong financial results supported by strong growth in student numbers and in research performance, says Acting Vice-Chancellor and President Paul Duldig.

Student enrolments in 2008 rose to 21,300 and research income increased to a record of over $141 million.

"This continued growth has allowed us to make significantly increased investments in infrastructure, facilities and resources for teaching and research for the benefit of our students and staff," says Mr Duldig.

"These include the new $100 million maths and engineering building at North Terrace, the $28 million Wine Innovation Cluster at Waite Campus, the new $5 million high-tech medical teaching facility Bio Skills SA, the $37 million School of Veterinary Science at Roseworthy and the $26 million Plant Accelerator, at Waite Campus."

Other highlights for 2008 included: the announcement of four new research institutes in reproductive health, the environment, minerals and energy, and photonics; continued recognition for teaching excellence with eight staff recognised with national awards for excellence in teaching and learning; and the establishment of the State's first veterinary school at Roseworthy Campus.

Pdf files of the 2008 Annual Report (in two parts) can be found here.


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