triple bottom line

FINANCIAL HIGHLIGHTS
(in millions $)

2002

2003

Total Revenue

$ 960.0

$ 1,072.4

Research Awarded to UBC

$ 254.0

$ 376.8

Operating Surplus for the Year

$ 0.1

$ 3.7

Accumulated (Deficiency) / Surplus
at End of Year

$ (2.1)

$ 1.6

Revenues 2003
(in thousands $)

Government Grants & Contracts

517,922

48%

Sales, Services and Other

261,204

24%

Student Fees

148,671

14%

Non-Government Grants,
Contracts & Donations

106,274

10%

Investment Income

38,337

4%

Total

$ 1,072,408

100%

Expenses 2003
(in thousands $)

Salaries and Benefits

$ 651,501

61%

Supplies and General Expenses

198,465

19%

Depreciation

74,425

7%

Cost of Goods Sold

40,250

4%

Scholarships, Fellowships and Bursaries

32,731

3%

Other Transfers

56,588

5%

Grants to Other Agencies

14,737

1%

Total

$ 1,068,696

100%

ASSETS
(in thousands $)

2002

2003

Current Assets

$ 328,370

$ 348,956

Investments

$ 653,284

$ 728,563

Capital Assets

$ 875,498

$ 999,678

Total Assets

$ 1,857,152

$ 2,077,197

LIABILITIES & NET ASSETS
(in thousands $)

2002

2003

Current Liabilities

$ 115,989

$ 108,592

Employee Future Benefits

$ 34,879

$ 6,699

Deferred Contributions

$ 122,393

$ 199,496

Deferred Capital Contributions

$ 515,584

$ 588,759

Long-Term Debt

$ 168,567

$ 176,848

Net Assets

$ 899,740

$ 996,803

Total Liabilities & Net Assets

$ 1,857,152

$ 2,077,197