Financial Report

ISB is a non-profit organisation and all income is either re-invested towards improving the school’s infrastructure, enhancing student experiences, supporting programmes that enrich the learning experience or saved to guarantee financial stability for years to come.

The School’s revenue is split between grants from Bergen kommune and tuition, grants providing 50% revenue and tuition providing 50%. In 2022 the increase in number of students turned out to be higher than budgeted for.

Revenue school NOK 34.870.500 revenue and tuition 21%. Numbers used are based on the 2022 accounting.

Revenue ECC NOK 7.714.000 development and more. The costs have increased from 2021 to 2022 mainly due higher salary costs, but electricity costs also increased significantly. Total costs in 2022: 36.000.000

The main investments of the school year 2022-2023 has been thirteen new promethean boards making sure that there is a interactive board in each of the school’s classrooms.

How does the school spend its money?

The core of our expenses are related to salaries and constitute 86% of all costs. The remaining 14% are costs related to IT, student equipment, cleaning, heating, marketing, maintenance, professional

In addition, both the school and the Early Childhood Centre have classrooms which have recieved new and additional furniture.

To sum it up, the financial result in 2022 showed a surplus of NOK 4.000.000.

For ECC (Early Childhood Center) the revenue is also split between grants from Bergen kommune and tuition. Grants provide 79% percent of the