Financial Report

Enrolment school year 2021/22

ISB has students from 38 different nationalities. Enrolment has been steadily increasing, in August 2021 there were 211 students enrolled and in May 2022 there were 223 students.

Enrolment profile

ISB has students from India, USA, Great Britain, Sweden, France, Egypt, Norway, Serbia, Germany, Vietnam, Uganda, Russia, Romania, Poland, Japan, Italy, Ireland, China, Australia, Nigeria, Taiwan, Philippines, Pakistan, Netherlands, Jordan, Eritrea, Denmark, Czech Republic, Venezuela, Turkey, Spain, Lithuania, Croatia, Korea, Singapore, Nepal, Yemen and Brazil. The majority of the students come from the following countries:

The International School of Bergen is a non-profit organisation. All income at ISB is either re-invested towards improving the school’s infrastructure, enhancing student experiences, supporting programs that enrich the learning experience or is saved to guarantee financial stability for years to come.

ISB income

The School’s revenue is split between grants from Bergen kommune and tuition. Grants provide 50% of the revenue and tuition provides 50%. For ECC (Early Childhood Centre) the revenue is also split between grants from Bergen kommune and tuition. Grants provide 79% percent of the revenue and tuition 21% in this area of the school. Numbers used are based on the 2021 auditors report. Revenue school NOK 29.800.000 Revenue ECC NOK 7.000.000

How does ISB spend its money?

The core of iSB’s expenses is related to salaries which constitute 85% of all costs. The remaining 15% are costs related to IT, student equipment, cleaning, heating, marketing, maintenance, professional development and more. The costs have increased from 2020 to 2021 mainly due to higher salary costs. Pre-school 1&2 was opened in February and three new staff members were hired for this classroom in line with Bergen Kommune’s prescribed ratios. The Leadership structure was changed in 2020 with this having its financial impact in 2021. Summary of expenditure 2021: NOK 35.547.000. School costs NOK 28.590.000

New fitted cabinets and shelves in Grade 1 classroom. Additional foldable chairs so that there are enough chairs when there are events at school. Eight 3D printers that are placed in the Science room and can be used across all grades. Sets of Blue Bots and Spheros. The financial result in 2021 showed a surplus of NOK 1.000.000.

Result

The financial result in 2021 showed a surplus of NOK 1.000.000.

Auditor’s report revenue