The aim of the financial statement analysis is to summarise and analyse the main items of UniTo’s balance sheet and income statement for 2023, also comparing the situation in 2022.
The Balance Sheet as of December 31, 2023, shows that the financial situation of the Institution has seen a 23% increase in both assets and liabilities. The increase in assets (and liabilities) can be seen as a positive sign of growth and investment, thanks to sustainable management and a clear strategy to maintain long-term financial balance.
The income statement measures annual performance and includes the value of income, contributions, as well as costs.
Compared to 2022, income from commissioned research and technology transfer on behalf of third parties increased by 9.23%, and is continuing to recover after the drop in business activity recorded in previous years and mainly attributable to the negative impact of the pandemic. Income from research on competitive tenders also recorded an important continuous increase (+28.32%), remaining in absolute value one of the items with the largest amount of own income.
On the cost side, the growth is attributable to the increase in personnel costs, which is in itself positive if read in terms of greater sustainability of the growing volumes of activity, and to the increase in costs of current operations. On this last item, lease and rental costs have a significant weight, which increased between 2022 and 2023 by about EUR 5 million due to an increase in project financing fees and an increase in costs for software applications.
| Total Costs 2023 | |
| Employee expenses | 307.392,00 |
| Current management costs | 251.854,00 |
| Amortisation and depreciation | 23.969,00 |
| Provisions for risks and charges | 16.170,00 |
| Other operating expenses | 2.061,00 |
| TOTALE COSTI | 601.446,00 |
| Source: UniTo Annual Report 2023 | |
