Australia’s universities financial results

Media Release
  • Minister for Education
  • Leader of the House

Australia’s universities recorded a financially sound 2012, according to the latest aggregated report on their financial health released today.

Minister for Education, the Hon Christopher Pyne MP, today released the Finance 2012: Financial Reports of Higher Education Providers.

The report shows revenue for the sector including vocational education and training operations of dual sector providers increased from $23.7 billion in 2011 to $25.2 billion in 2012 — an increase of 6.6 per cent.

Australian Government funding, including loans to students, increased 10.2 per cent to $14.6 billion in 2012.

The operating surplus of Australia’s 39 universities — including vocational education and training operations of dual sector providers — totalled $1.93 billion in 2012, a slight decrease of 0.4 per cent compared to the 2011 result of $1.94 billion.

The adjusted operating surplus of Australia’s 39 universities — including  vocational education and training operations of dual sector providers — totalled $1.16 billion in 2012, an increase of 7.4 per cent compared to the 2011 result of $1.08 billion.

The report today also shows in 2012, the total net assets in higher education increased to $41.8 billion, up by nearly $3.0 billion, or 7.6 per cent, from 2011.

External borrowings including vocational education and training operations of dual sector providers increased to $2.8 billion, but the debt to equity ratio remains modest at 39 per cent.

The finance report released today is derived from universities’ annual financial statements. The report is available at: http://docs.education.gov.au/node/34601.

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