The Western Mail reports that data published by the Higher Education Council for Wales has painted a largely positive picture, despite a challenging financial climate:
Together, Welsh universities attracted income worth £1.273bn in 2012-13, which was almost identical to the £1.274 billion brought in a year earlier before the introduction of a controversial new fees regime. Total income in 2010-11 stood at a mere £1.244bn.
A change in the way higher education is funded sees students themselves offset reductions to core university budgets by paying up to £9,000 for their courses.
Analysis of Hefcw’s figures for 2012-13 shows the new University of South Wales had generated £192m income, Bangor University £135m, Cardiff University £436m and Swansea University £181m – all up on that generated in 2011-12.
Other institutions were down marginally, although only two campus-based universities – Bangor (1.8% of total income) and Glyndwr (9%) – ran up deficits on continuing operations.
According to Hefcw, Cardiff Metropolitan University was most reliant on home and EU fees – with 50% of its total income coming from non-international student enrolments.
The University of Wales, Trinity Saint David was next in line, with 47% of its total income coming from home and EU students, while Cardiff University recorded the lowest share of just 21%.
The University of South Wales (60%) and Glyndwr (61%) reported the highest staffing costs – academic and aministrative – as a percentage of their total income, although both institutions have since taken steps to reduce their number of employees.
Figures show total university staffing costs are on the rise in Wales, with £731m spent in 2012-13, £720m dished out in 2011-12 and just £703m spent a year earlier in 2010-11.
Cardiff University had the highest net assets excluding pension liability (£463m) from the University of South Wales, whose figures ballooned from £126m in 2011-12 to £209m in 2012-13 as a result of merger.
The University of Glamorgan and University of Wales, Newport came together officially in April last year, albeit they submitted a single set of financial statements to Hefcw for the year ending July 31, 2013.