According to the University of Sydney’s Annual Financial Report, the educational institution recorded a surplus of $351.8 million in 2023. In 2022, the recorded surplus was $298.5 million. Both numbers pale compared to the COVID-19 2021 surplus of $1.3 billion. USyd reports that this is the sixth year in a row reaping a profit.
Browsing: annual report
As staff go on strike on Friday, Honi decided to break down the University’s financial documents and counter University management’s spin. Our findings? The University is swimming in it.
The University’s sizeable surplus contrasts starkly with their treatment of staff.
The ACNC statistics are alarming: in 2020, the workforce in NSW public universities shrunk by over 13,000.
