FINANCES The Government of Sweden and the City of Malmö continue to provide considerable support to the University. All donors that provide contributions to the operational budget, student fellowships, Visiting Lecturers and field study opportunities are greatly appreciated including in-kind contributions that support the financing and core activities of the University. Financial Outcome (General Fund) for the years 2018 to 2020 (in thousand USD) Revenue
2018
2019
2020
Donor Contributions
5,286
6,340
6,816
Fellowship and Fees
6,544
6,900
7,607
Commercial and Reserve Generating Activities
1,395
1,959
2,078
Other Revenue
575
745
298
Total Revenue
13,790
15,944
16,799
7,410
8,562
10,081
Expenditure Staff and other Personnel Costs Travel Supplies, Consumables and Other Running Costs Cost of Sales of Inventory Outsourced Services Student Direct and Training Costs
715
918
291
1,201
1,208
957
11
13
7
462
445
599
2,860
2,885
2,627
Depreciation
159
170
224
Other Expenses
221
538
366
Total Expenses
13,039
14,739
15,152
751
1,204
1,648
Surplus
The 2020 Financial outcome reported total revenue of USD 16.8 million and total expenditure of USD 15.1 million.
24 2020 Annual Report / World Maritime University
