UTech Annual Report 2019-20

Page 1 University of Technology, Jamaica Statement of Comprehensive Income Year ended 31 March 2020 (expressed in Jamaican dollars unless otherwise indicated) 2020 2019 Note $’000 $’000 Income: Tuition 4,052,071 4,151,378 Hostel 54,224 66,333 4,106,295 4,217,711 Government of Jamaica subvention 3,817,031 2,105,922 Other fees 136,533 110,835 Restaurant 4,838 4,121 Projects and special accounts 277,065 397,829 Amortisation of capital grants 5 80,607 81,011 Other income 6 232,871 341,291 Net fair value gains on financial assets at fair value through profit and loss 449 6,902 8,655,689 7,265,622 Expenses Administration expenses 9,416,700 7,092,948 Net impairment losses on financial assets 149,157 36,862 7 9,565,857 7,129,810 (Deficit)/surplus before net finance income (910,168) 135,812 Finance income 9 184,012 72,430 Finance costs 10 (45,842) (60,628) Net finance income 138,170 11,802 Net (deficit)/surplus (771,998) 147,614 Other Comprehensive Income: Items that will not be reclassified to net surplus Re-measurement of post-employment benefit obligations (517,214) 310,388 Total Comprehensive income for Year (1,289,212) 458,002 University of Technology, Jamaica 117

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