Financial Highlights

STATEMENT 2 Consolidated statement of operations (see note below) Year ended March 31, 2000, with comparative figures for 1999 (Thousands of dollars)     2000   1999 REVENUE:    Government grants $ 140,397 $ 133,064    Student fees   50,358   49,309    Sales and services   11,256   11,310    Amortization of deferred capital contributions   15,245   12,535    Investment income   4,649   5,627    Other income   15,438   14,134     237,343   225,979 EXPENDITURES:    Salaries and employee benefits   157,631   153,415    Travel and hosting   9,152   8,556    Materials and supplies   22,359   23,898    Renovations   5,217   5,794    Books   412   517    Scholarships and bursaries   12,939   10,564    Amortization   14,923   12,913    Utilities   12,466   11,543    Equipment rentals   2,473   2,225    Externally contracted services   8,932   8,437    Professional fees   5,111   4,622    Other   2,100   1,693    External cost recoveries   (16,393)   (15,941)     237,322   228,272 Excess (deficiency) of revenue over expenditures for the year $ 21 $ (2,293)

NOTE: The financial statements on this page include the financial operations of Memorial University, research funds, special purpose and trust funds, and the separately incorporated entities C-CORE, Canadian Centre for Marine Communications, Canadian Centre for Fisheries Innovation, Seabright Corporation, Art Gallery of Newfoundland and Labrador, Botanical Garden, and the Canada Games Park. Full audited financial statements are on the Statements page.

Schedule 3 Click for chart Non-consolidated schedule of operating revenue for the year ended March 31, 2000 (Thousands of dollars)     2000   1999 Government grants Province of Newfoundland    Department of Education $ 99,075 $ 92,309    Department of Health   16,153   15,472    Other   441   490     115,669   108,271 Student fees Semester tuition    Undergraduates   41,099   41,188    Graduates   3,082   3,270 Non-credit courses    Continuing Studies   671   689    Sir Wilfred Grenfell College   254   240 Marine Institute   1,056   893 Other fees   4,067   2,920     50,229   49,200 Investment income   2,092   2,106 Other income    Rental income   495   503    Miscellaneous income   4,067   4,446    Medical Practice Associates   922   826     5,484   5,775 Total revenue $ 173,474 $ 165,352

Schedule 4 Click for chart Non-consolidated schedule of operating expenditure by function for the year ended March 31, 2000 (Thousands of dollars)     2000   1999 Academic    Faculty of Arts $ 18,702 $ 18,668    Faculty of Business Administration   5,599   5,721    Faculty of Education   5,645   5,610    Faculty of Engineering and Applied Science   5,897   5,846    Faculty of Medicine   19,617   19,092    Faculty of Science   25,694   25,396    School of Continuing Education   4,317   4,267    School of Graduate Studies   2,880   2,961    School of Music   1,271   1,336    School of Nursing   2,198   2,180    School of Pharmacy   1,154   1,247    School of Physical Education and Athletics   1,902   1,699    School of Social Work   1,748   1,603    Sir Wilfred Grenfell College   10,310   9,980    Co-operative Education Services Centre   634   647    Labrador Institute of Northern Studies   235   268    Animal Care Unit   259   245    Marine Institute   16,647   15,603    Technical Services   1,888   2,030     126,597   124,399 Support services    Administrative departments   11,594   10,925    Computing and Communications   6,866   6,645    Library   5,513   5,579    Student services   4,098   4,157    Facilities Management   13,484   11,981     41,555   39,287 Total expenditure $ 168,152 $ 163,686