Finances
Expenditure At $942.1 million, total expenditure for the year remained flat compared to the previous year. Reductions in Administrative and Departmental expenses were offset by increases in Impairment losses and the increase in research project activity as captured under Special Projects. The detailed breakdown of expenditure is as follows:
$’000
$’000
EXPENDITURE
2022
% 2021
%
76,381
8.11% 78,213
8.30%
Administrative Departmental
419,356 55,018 52,211 226,684 17,310 18,207
44.51% 425,406 5.84% 46,041 5.54% 45,477 24.06% 230,274 1.84% 19,609 1.93% 10,664 8.17% 86,484 100% 942,168
45.20%
Central
4.90% 4.80%
Special projects
Other teaching activities Commercial operations
24.40% 2.10% 1.10% 9.20% 100%
Impairment losses
Depreciation, Employee benefits obligations, Finance costs
76,946
TOTAL EXPENDITURE
942,113
80
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