Yesterday CMM covered Victorian uni annual reports, tabled Tuesday in state parliament. Here are three more (including one you might not have expected)

Dual sector Federation U reports a net operating surplus for 2021 of $33m. However this is based on a $56m positive re-evaluation of investments. Overall income was $325m last year, down from $343m in 2020 and $376m in  2019, the last pre-pandemic year. Outlays were $339m in 2019 and $292m last year.

The university took a hit on international student numbers, with HE division EFTS dropping from 6133 in 2020 to 3044 last year. International student income was down 49 per cent. And it is not looking for domestic student numbers to soon replace any of the loss, “a significant transformation of the university to better align with future jobs growth in the regional communities we serve … will take a number of years to generate significant new revenue streams,” VC Duncan Bentley states.

The University of Divinity also reported, (it was established by Victorian legislation in 1910).  It recorded a $255 000 loss on revenue of $15.9m  While the university was “relatively insulated” from the impact of the pandemic, it points to an 8 per cent drop in enrolments.

Also dual sector Victoria U did not take much of a hit on overall HE student numbers, 19 950 in EFTS in 2021 was a couple of hundred down on 2020, which was much the same as 2019. However in-country international student EFTS were down a third, to 2000.  The university also took an income hit, with $466m in revenue last year, down from $474m in 2020 and $480m in 2019. With expenses higher in both 2021 and 2020 than in ’19, the operating margin was tight – 1.6 per cent last year.