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ÐÓ°ÉÖ±²¥ finances on track for 2002

Monday, 11 November 2002

The ÐÓ°ÉÖ±²¥ of Adelaide is on track to achieve an operating surplus in 2002 and repay its debt.

After incurring a $6.36 million loss for 2001, the ÐÓ°ÉÖ±²¥ has turned its finances around through restructuring and amalgamations.

"Although we have faced some difficulties on the expenditure side, the ÐÓ°ÉÖ±²¥'s balance sheet is strong with more than $500 million of net assets," says Paul Duldig, Executive Director Finance and Infrastructure.

"I would like to reassure the ÐÓ°ÉÖ±²¥ community, particularly students considering enrolling next year, that the ÐÓ°ÉÖ±²¥'s finances are under control. We have been here for 128 years and intend to be here for a lot longer," Duldig said.

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