2022 ANU financial results

The University's 2022 financial results have been finalised through the auditing process and approved by ANU Council on 31 March 2023. 

Our full audited financial statements will be included in our annual report, which will be tabled in Parliament later this year and available on public record. These high-level figures are to give members of the ANU community more context about our situation. 

In 2022, we expected an operating deficit of $182.8 million.  

Our actual operating result for 2022 was a deficit of $117.4 million.  We performed better than expected predominantlywith: 

We are spending $2.25 million more per weekthan we are earning.

Our better-than-expected operating result does not mean the University has more money, it means we have less debt. 

In our complete financial statements included in our annual report, and submitted to Parliament, we include income sources that cannot all be used for our University operations.  

You will also see a reported net result of a deficit of $139.6 million, which is a larger deficit than our operating deficit. This includes income from investments and insurance proceeds, both of which we are unable to use for operating expenses. There is $43.9million loss in investments revenue of which $52.6 million is anunrealised loss and a realised gain of $7.9 million (including investment returns, dividend and interest). There is also $37.3million of insurance payments that will be used for remediation of buildings damaged by the hailstorm in 2020.

The insurance for the hailstorm repairs will continue to be paid out for several years as repairs progress. These will continue to be reported as proceeds in our income statement but can only be spent on the impacted buildingrepairs.  

We will continue to review our financial position with quarterly forecasting and continue updating our five-year financial plan to ensure University decisions are not based on short term focus.