Notes to the Financial Statements

18. Higher Education Contribution Scheme

Higher Education Contribution Scheme (HECS) revenue collected by the University during the reporting period as follows:

HECS Trust Fund

Amount received in previous period:

Consolidated University
1997
$'000
1996
$'000
1997
$'000
1996
$'000
advance payment received in previous period 1,929 1,378 1,929 1,378
carry-over from previous period - - - -
sub-total amount received in previous period 1,929 1,378 1,929 1,378
Amount received in the reporting period 24,060 17,462 24,060 17,462
Less amount attributable to future period:
advance payment received in respect of next period (2,076) (1,929) (2,076) (1,929)
under-expenditure in the reporting period - - - -
sub-total amount attributable to future period (2,076) (1,929) (2,076) (1,929)
Amount expended in the reporting period 23,913 16,911 23,913 16,911
HECS contributions actually received from students 5,628 3,972 5,628 3,972
Total HECS revenue for the reporting period 29,541 20,883 29,541 20,883