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Notes to the Financial StatementsGROUPPARENT2012 Actual$0002012 Budget$0002011 Actual$0002012 Actual$0002012 Budget$0002011 Actual$0002 GOVERNMENT GRANTSStudent Achievement Component 26,531 27,254 26,306 26,531 27,254 26,306Adult & Community Education 222 222 222 222 222 222Youth Guarantee 1,374 1,467 1,017 1,374 1,467 1,017Trades Academy 987 1,049 789 987 1,049 789Equity funding 325 141 141 325 141 141Other funding 790 565 513 541 316 16730,229 30,698 28,988 29,980 30,449 28,6423 TERTIARY FEESDomestic students 12,043 13,225 10,704 12,043 13,225 10,704International students 5,095 4,593 3,775 5,095 4,593 3,775Other fees 601 722 1,913 601 722 1,91317,739 18,540 16,392 17,739 18,540 16,3924 OTHER TEACHINGContract students 2,763 2,502 3,290 2,763 2,502 3,290Contract income 370 361 836 370 361 4543,133 2,863 4,126 3,133 2,863 3,7445 OTHER INCOMETrading income 2,009 2,226 974 1,657 1,275 999Other income 1,140 464 1,261 957 464 1,091Finance income 698 450 845 698 450 8453,847 3,140 3,080 3,312 2,189 2,9356 PERSONNELKey Management Compensation:Short term employee benefits 1,566 1,634 1,529 1,556 1,586 1,483Council fees 86 106 141 86 106 141Staff Compensation:Short term employee benefits 28,409 28,439 27,243 27,855 28,017 26,850Defined contribution plan employer contributions 435 - 281 435 - 281Associated Personnel Expenses 624 738 688 623 738 68631,120 30,917 29,882 30,555 30,447 29,4417 ADMINISTRATIONAdministrative expenditure 6,925 6,198 6,327 6,462 5,738 5,904Non personnel research expense 74 106 74 74 106 74Bad debts expense 5 120 98 5 120 98Doubtful debts expense (241) - 454 (243) - 454Remuneration of external auditors 87 95 87 82 95 876,850 6,519 7,040 6,380 6,059 6,6172012 ANNUAL REPORT | 67