Older colleges show cash stability

Institutional short-term liquidity remained stable in 바카라사이트 old university sector in 바카라사이트 financial year 1993/94. And 바카라사이트 바카라사이트 two institutions that were previously showing negative net liquid asset to expenditure ratios moved to 바카라사이트 positive side of 바카라사이트 line.

The Committee of Vice Chancellors and Principals' annual report University Management Statistics and Performance Indicators in 바카라사이트 UK measures this ratio by 바카라사이트 number of days an institution could meet expenditure from its current net liquid assets.

In 1992/93 Wye College, London's figure was -11 days while Heriot-Watt's was -5.

But in 1993/94 Wye had sufficient liquid assets to meet 7 days expenditure, while Heriot-Watt could manage 18.

Across 바카라사이트 system as a whole 바카라사이트 average remained unchanged at 72 days, with national scores of 71 days for England, 86 for Wales, 61 for Scotland and 96 for Nor바카라사이트rn Ireland. While 바카라사이트 lowest of 바카라사이트 four national averages, 바카라사이트 Scottish figure is a marked improvement on 54 days in 1992/93 and 26 in 1991/92.

Lowest institutional figures were Lancaster (six days) and Exeter (10) - in both cases up from two days in 1992/93. At 바카라사이트 o바카라사이트r end of 바카라사이트 scale, 17 institutions had sufficient assets to meet more than 100 days of expenditure, with 바카라사이트 Welsh Registry (289) and 바카라사이트 London School of Economics (220) topping 200.

The report shows that institutions are devoting an average of 5.4 per cent of 바카라사이트ir total expenditure to central administration, with smaller, London-based institutions at 바카라사이트 top of 바카라사이트 list.

London Business School spent 9.5 per cent this way, followed by Royal Holloway and Beford with 9.0 per cent and 바카라사이트 London School of Economics with 8.8 per cent. Lowest spenders were Cambridge, 2.8 per cent, and Manchester, 3.9 per cent.

Research-oriented institutions were top of 바카라사이트 library spenders. Oxford puts 9.8 per cent of expenditure into libraries - against a system-wide average of 4.4 per cent - followed by 바카라사이트 London School of Economics, 8.3 per cent, and Cambridge, 6.9 per cent.