Finances

Reserve and Fund Balances (General Fund) as at 31 December 2019 to 2021 (in thousand USD)

2019 2020 2021

General Fund Reserve as at 1 January Surplus

Appropriation from the General Reserve Fund

General Fund Reserve as at 31 December Working Capital Fund Special Reserve Fund

Total Reserves and Fund Balances as at 31 December 7,051 8,709 7,897 1,658 -812 3,658

8,708 7,897 11,555 940 1,042 939 1,873 2,075 1,869 11,521 11,014 14,364

The University is steadily building up its Reserve Fund, attributed to the surplus it generated in recent years, which is transferred to form part of the Reserve and Fund Balances.

The Reserve and Fund Balances of USD 14.4 million will contribute to the long term financial sustainability of the University.

Donors

Government of Sweden The Nippon Foundation IMO Global Capacity-building and Training Technical Cooperation Programme Republic of Korea Government of Norway International Transport Workers’ Federation Nigerian Maritime Administration and Safety Agency Dalian Maritime University Transport Education Training Authority, South Africa European Maritime Safety Agency Government of Canada Government of Germany Government of Australia UK Department of Transport TK Foundation, UK Shanghai Maritime University PhD Fees Self Financed Other Revenue Malmö City (in-kind, equivalent to) United States (in-kind, equivalent to)

USD 16.8 million 2021 18% 23% 5% 4% 3% 2% 2% 2% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 14% 15% 2%