Page 60 - Perimeter Institute 2012 Annual Report

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f i nanc i a l s
PERIMETER INSTITUTE
SUMMARIZED STATEMENT OF OPERATIONS AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JULY 31, 2012
2012
2011
Revenue:
Government grants
$
14,412,000
$
18,190,000
Other income
741,000
425,000
Donations
1,142,000
212,000
16,295,000
18,827,000
Expenses:
Research
11,025,000
9,748,000
Research training
1,838,000
1,688,000
Outreach and science communications
3,350,000
2,601,000
Indirect research and operations
5,641,000
4,535,000
TOTAL OPERATING EXPENDITURES
21,854,000
18,572,000
Excess of revenue over expenses
(expenses over
revenue)
before investment income and amortization
(5,559,000)
255,000
Amortization
(4,098,000)
(1,573,000)
Investment income
7,645,000
20,940,000
Excess of revenue over expenses (expenses over revenue) 2,012,000
19,622,000
Fund balances, beginning of year
271,779,000
252,157,000
FUND BALANCES, END OF YEAR
$
269,767,000
$
271,779,000