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| Income Statement For the Year Ended 31 December 2007 | | Consolidated | | University | | Notes | This Year | Last Year | | This Year | Budget | Last Year | | | $000 | $000 | | $000 | $000 | $000 | Revenue | Government Funding and Grants | 2 | 80,781 | 73,322 | | 80,781 | 78,167 | 73,322 | Fees Income | 3 | 57,116 | 61,522 | | 57,116 | 60,746 | 61,522 | Research Income | | 23,296 | 20,806 | | 23,296 | 20,000 | 20,806 | Interest Received | | 3,216 | 3,005 | | 2,934 | 1,950 | 2,728 | Other Income | | 18,544 | 23,647 | | 19,566 | 24,593 | 20,500 | Donations | � | 766 | 633 | | 707 | 194 | 602 | Total Revenue | � | 183,719 | 182,935 | | 184,400 | 185,650 | 179,480 | | Costs | Employee Benefit Expenses - Academic | | 66,960 | 63,899 | | 66,960 | 65,426 | 63,899 | Employee Benefit Expenses - General | | 42,164 | 38,905 | | 41,443 | 43,410 | 38,911 | Other Costs | 4 | 58,338 | 54,828 | | 56,989 | 59,134 | 53,441 | Finance Costs | | 201 | 230 | | 201 | 50 | 230 | Depreciation and Amortisation | � | 15,973 | 14,875 | | 15,935 | 15,000 | 14,848 | Total Costs | � | 183,636 | 172,737 | | 181,528 | 183,020 | 171,329 | | Surplus/(Deficit) | | 83 | 10,198 | | 2,872 | 2,630 | 8,151 | Transfer to University of Waikato Research Trust | 32 | - | - | | ( 14,539 ) | - | - | Share of Surplus/(Deficit) from Associates | 10 | ( 35 ) | ( 30 ) | | - | - | - | Share of Surplus/(Deficit) from Joint Ventures using Equity Method | 14 | - | ( 8 ) | | - | - | - | Operating Surplus/(Deficit) | � | 48 | 10,160 | | ( 11,667 ) | 2,630 | 8,151 | | Attributable to: | University of Waikato | | 48 | 10,160 | | ( 11,667 ) | 2,630 | 8,151 | Minority interest | | - | - | | - | - | - | | � | 48 | 10,160 | | ( 11,667 ) | 2,630 | 8,151 | The accompanying notes form an integral part of this statement | |
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