The University’s key financial figures

In 2019 the University’s operating result, or the result without taking investment activities into account, was €35 million in deficit. This result is in line with the budget and forecasts. Last year investments, or the price changes of securities, were so profitable that the University’s overall result was €15 million in the black. 

At the end of 2019, the number of employees was a little over 8,100, of whom more than 4,600 were teachers and researchers. Staff costs constituted almost two-thirds of overall expenses. Another considerable expense are the facilities required for studying, research and other activities.

Forecast made before the coronavirus crisis.

University of Helsinki operating result 2010-2019 and forecast for 2020-2023

 

Revenues and expenses 2019

In 2019 the University of Helsinki’s total income amounted to €688 million, an increase of €11 million (1.6 %) compared to the previous year. The University’s total income is composed of core funding, external funding and the income from investment activities and fundraising.

The total expenditure of the University of Helsinki was €708 million, an increase of 2.6 % compared to the previous year. The largest expenditure items were personnel costs at €427 million (60 % of the total expenditure) and facility rents at €89 million (13 %). Personnel costs grew by €24 million, while other operating costs decreased by €3.2 million. 

Sources of total income 2019

The most important source of external research funding for the University is the Academy of Finland. The funding awarded by the Academy of Finland increased by approximately €5 million, totalling €109 million. The share of Academy of Finland funding of all research funding awarded to the University of Helsinki was 53 %. EU research funding increased by €3 million from the year before, totalling €31 million. The share of research funding awarded by Finnish foundations grew by €3 million to €28 million.