Annual Report 2016 University of Tartu
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Annual Report2016
University of Tartu
UNIVERSITY OF TARTU ANNUAL REPORT 2016
Name: Tartu Ülikool (University of Tartu)
Registration number: 74001073
Address: Ülikooli 18, 50090 Tartu, Estonia
Phone: 372 737 5100
Fax: 372 737 5440
E-mail: [email protected]
Website: www.ut.ee
Form of ownership: legal person governed by public law
Main activities: 1) academic research
2) provision of higher education based on integrated teaching and research activities
3) provision of teaching- and research-based services to the society
Financial year: 01.01.2016–31.12.2016
Auditor: BDO Eesti AS and Baker Tilly Baltics OÜ
Council: 11 members
Chairman of the Council: Kersti Kaljulaid (until 10.10.2016), Vahur Kraft (from 31.10.2016)
Attached: report of independent sworn auditor
Abbreviations
ACTIVITY REPORT 2016RECTOR’S FOREWORDGENERAL DATA ON THE UNIVERSITY OF TARTU 2012–2016GOVERNANCE OF THE UNIVERSITY OF TARTU
StructureStrategic plan
OPERATING ENVIRONMENTStrategic management trendsChanges in operating environment
TEACHING AND STUDIESCurriculaStart of studiesStudyingGraduation and interruption of studiesUsing feedbackDoctoral studies
RESEARCHFinancingPatents and patent applicationsCooperation with companiesPublications
CONTRIBUTION TO SOCIETYContinuing educationSharing knowledgeFeedback from society
ORGANISATIONEmployeesInternational cooperationCultural activitiesAlumni activitiesFinancial activities
678
101112121415151617202022222324242627272729323236383839
4
CONSOLIDATED FINANCIAL STATEMENTS 2016CONSOLIDATED STATEMENT OF FINANCIAL POSITION CONSOLIDATED STATEMENT OF FINANCIAL PERFORMANCECONSOLIDATED STATEMENT OF CASH FLOWSCONSOLIDATED STATEMENT OF CHANGES IN NET ASSETSNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSINDEPENDENT AUDITOR’S REPORTSIGNATURES TO ANNUAL REPORT 2016
44454647488587
CONTENTS
Universities
EAA Estonian Acdemy of ArtsEAMT Estonian Acdemy of Music and TheatreEULS Estonian University of Life SciencesTU Tallinna UniversityTUT Tallinn University of TechnologyUT University of Tartu
Faculties of the University of Tartu
HV Faculty of Arts and Humanities
SV Faculty of Social Sciences
MV Faculty of Medicine
LT Faculty of Science and Technology
CountriesAT Austria IT IcelandAU Australia IT ItalyBE Belgium JP JapanBG Bulgaria KR KoreaCA Canada LV LatviaCH Switzerland LT LithuaniaCL Chile MT MaltaCN China MX MexicoCY Cyprus NE NetherlandsCZ Czech Republic NO NorwayDK Denmark NZ New ZealandDE Germany PL PolandEE Estonia PT PortugalES Spain RO RomaniaFI Finland RU RussiaFR France SE SwedenGR Greece SI SloveniaHR Croatia SK SlovakiaHU Hungary TR TurkeyIE Ireland UK United Kingdom
IL Israel US, USAUnited States of America
Other abbreviations
A2020 University of Tartu Strategic Plan for 2015–2020AS aktsiaselts (public limited company)ECTS European Credit Transfer and Accumulation
System credit pointEHIS Eesti Hariduse Infosüsteem
(Estonian Education Information System)ERR Estonian Public BroadcastingESI Essential Science IndicatorsETIS Eesti Teadusinfosüsteem
(Estonian Research Information System)FTE full time equivalenth-index highly cited indexHITSA Hariduse Infotehnoloogia Sihtasutus (Information
Technology Foundation for Education)ICT information and communication technologyIT information technologyMoER Estonian Ministry of Education and ResearchMOOC massive open online courseMTÜ mittetulundusühing (non-profit organisation)NGO non-governmental organisationOECD Organisation for Economic Co-operation and
Development
OSKAa system of labour market monitoring and future skills forecasting
OÜ osaühing (private limited company)PHEI professional higher education institutionPPP purchasing power parityQS QS World University RankingsR&D research and developmentRDI research, development and innovationSA sihtasutus (foundation)THE Times Higher Education World University RankingUSD US dollarUTTV University of Tartu Television
Abbreviations
Activity Report2016
University of Tartu
RECTOR’S FOREWORDDear readers,
Last year was a lively and innovative one for the University of Tartu. We started with a new management system and structure, launched new cooperation initiatives in studies and research, had an unprecedented opportunity to join the GUILD and LERU, the networks of top international universities. I am proud of and grateful to the university’s staff and our good partners, who contributed to the success of our alma mater over the vigorous past year.
Commitment to new challenges and developments does not mean that we neglected our traditional activities. All the results of the university’s main activities improved considerably over the year, owing to the dedicated work of our people. The great contribution by the university’s employees has ensured remarkable results: 120 defended doctoral degrees, nearly 2000 high-level publications, new research and development contracts made for nearly 50 million euros, 2871 new graduates, continuing education training provided to nearly 45,000 learners. The university is in excellent health in terms of both finances and human resources.
The university’s development and success rely on its people and therefore it is especially important for us to guarantee a convenient working environment and security to all university members, to support our people in achieving their goals as well as solving their possible problems. The university wants to have its face turned towards people, we care for our colleagues and work hard for their welfare. The job satisfaction survey shows gratifying results: our employees have given positive feedback to our efforts.
During the past year we agreed about good practices in different areas of activity, we have common family events and culture days, we have training communities and a number of free training options to support our employees’ development. The university has shown initiative to enable our staff members to get discounts at restaurants, cultural institutions, travel agencies and other service providers. When our employees fall ill, the university pays them full sickness benefit from the second to the eighth day of illness. The university provides counselling service to its employees with work-related, psychological or interpersonal problems.
We also have well-considered support services for students, incl. student advisers, student exchange coordinators, psychologists, career and entrepreneurship counsellors, tutors and support students. We have more possibilities to support above-average students, granting them scholarships, enabling them to complete the curriculum earlier than the standard period of study, developing an individual curriculum, widening the choice of specialisations on the next level of study. The university’s sports club, students’ club and museums take care of our students’ leisure activities.
The university is growing and developing. This development and success is possible only thanks to our people. As a rector, I look back on the last year and the past four years with satisfaction and wish that the coming years would be full of innovation, yet smooth, as we shape the university of our dreams.
With best wishes for success,
Volli KalmRector of the University of Tartu
7
2012 2013 2014 2015 2016
EMPLOYEESNumber of employees 3,778 3,739 3,708 3,479 3,447Number of employees (FTE) 3,161 3,129 3,080 2,862 2,825
incl. academic staff 47.9% 48.7% 49.3% 50.4% 49.6%Number of teaching and research staff (FTE) 1,515 1,525 1,520 1,443 1,402
incl. PhD holders 71.5% 70.5% 70.2% 71.7% 73.0%
incl. international research and teaching staff 8.3% 9.4% 9.3% 8.5% 8.4%Number of professors (FTE) 177 180 178 173 172
incl. female professors 20.7% 20.8% 20.5% 22.7% 23.7%STUDENTSNumber of students 17,370 16,025 14,470 13,719 12,970
in first level of higher education 64.3% 62.9% 61.7% 61.3% 60.6%in master’s studies 27.0% 28.0% 28.6% 28.8% 29.7%in doctoral studies 8.7% 9.1% 9.7% 9.8% 9.7%
Number of international students 546 579 686 821 980percentage of all students 3.1% 3.6% 4.7% 6.0% 7.6%
Number of graduates 3,038 3,117 2,907 2,887 2,871incl. number of PhD graduates 95 114 117 107 120
STRUCTURENumber of curricula open for admissions 182 182 190 167 163Number of curricula in which students were enrolled 190 193 195 201 207
incl. number of joint curricula 7 8 8 8 8incl. English-taught curricula in the first and second level of higher education
12 14 16 21 23
RESEARCH PUBLICATIONSNumber of publications 2,744 2,879 2,870 2,644 2,676
incl. number of high-level publications 1.810 1.957 1.958 1.857 1.909incl. number of publications of the category 1.1 1.074 1.175 1.335 1.252 1.358
POSITION IN INTERNATIONAL UNIVERSITY RANKINGSTimes Higher Education World University Rankings 351–400 351–400 351–400 301–350
QS World University Rankings 501–550 461–470 379 400 347
General data on the University of Tartu 2012 –2016
The University of Tartu improved its position in two most important university rankings. In QS World University Rankings, the university rose to the 347th, its highest ever position. This result was achieved thanks to improvement in two indicators – the university’s reputation and reputation among employers. In the QS subject rankings, Communication and Media Studies have been ranked the highest for four years already (101–150), while English Language and Literature (251–300), Modern Languages (251–300) and Medicine (301–350) have maintained their position. Of new subjects, Linguistics (101–150) and Computer Science and Information Systems (401–450) achieved high rankings.
In the Times Higher Education (THE) ranking, the 2016 position of the university was particularly improved by an increase in research reputation. In the overall THE ranking, the university is placed between 301–350, in the regional emerging economies university rankings, it has risen to the highest so far, 24th place.
Employee figures are given as full-time equivalent (FTE) as on 31 December.
Student figures are presented as on 10 November. The number of students does not include external students, visiting students and medical residents. The first level of higher education includes professional higher education, bachelor’s studies and integrated bachelor’s and master’s studies.
The number of graduates of a given year refers to students who completed their studies during the period from 1 October of the previous calendar year to 30 September of the given calendar year.
The number of curricula open for admissions includes curricula for which the status in the Estonian Education Information System (EHIS) was “open” as on 10 November. This does not include joint curricula which are not coordinated by the University of Tartu. The number of curricula in which students were enrolled includes curricula in which students were enrolled as on 10 November (including all joint curricula).
The number of publications includes Estonian Research Information System (ETIS) categories 1.1, 1.2, 1.3, 2.1, 2.5, 3.1, 3.2, 3.3, 4.1, 5.1, 6.3, 6.4. High-level publications include ETIS categories 1.1, 1.2, 2.1 ja 3.1. The number of publications includes those authored by persons who had a valid employment contract with the University of Tartu or who were enrolled as regular or external doctoral students in the corresponding calendar year. The data is retrieved from ETIS as of 15 February.
→ ut.ee/et/ulikoolist/tartu-ulikool-rahvusvahelistes-edetabelites
→ ut.ee/et/ulikool-arvudes
8
GOVERNANCE OF THE UNIVERSITY OF TARTU
Members of the council• Kersti Kaljulaid
(Council Member and Chair until 10.10.2016)
• Vahur Kraft (Council Chair from 31.10.2016)
• Professor Toomas Asser• Toomas Kiho • Professor Toivo Maimets• Professor Kari Olavi Raivio • Professor Peeter Saari• Professor Jüri Sepp• Aku Sorainen • Kaja Tael • Professor Paul Varul
Members of the senate as on 31.12.2016Faculty of Arts and Humanities
• Lecturer Tuulike Kivestu• Professor Birute Klaas-Lang• Lecturer Ain Riistan• Professor Anti Selart
Faculty of Social Sciences
• Professor Eiki Berg• Professor Halliki Harro-Loit• Professor Marju Luts-Sootak• Professor Urmas Varblane
Faculty of Medicine
• Senior Research Fellow Leho Ainsaar
• Professor Irja Lutsar• Professor Mihkel Zilmer• Professor Vahur Ööpik
Faculty of Science and Technology
• Professor Jaak Kikas• Professor Maia Kivisaar• Professor Enn Lust• Professor Jaak Vilo
students
• Indrek Peedu• Reelika Alunurm• Martin Noorkõiv• Liis Puis• Nils Joonas Kristian Saar
The highest decision-making body of the UT is the council, who is responsible for the university’s economic activities and long-term development, approves the university’s statutes and adopts the strategic plan and budget. The first university council was appointed in 2011 for a five-year period. The council has eleven members: five nominated by the UT, five by the Minister for Education and Research, and one by the Estonian Academy of Sciences. The powers of the former council ended on 31 December 2016. The authority of Kersti Kaljulaid as a council member and chair ended on 10 October as she assumed the office of the President of the Republic of Estonia. The council continued work with 10 members until the end of 2016.
The new statutes of the university took effect on 1 January 2016 and brought about a new academic structure and changes in the governance. Instead of the former departments, teaching and research is now conducted in four faculties of the University of Tartu:
• Faculty of Arts and Humanities (HV),• Faculty of Social Sciences (SV),• Faculty of Medicine (MV),• Faculty of Science and Technology (LT).
There are also five non-faculty institutions in the academic structure: Estonian Genome Centre, University of Tartu Museum, Natural History Museum and Botanical Garden, Library, Youth Academy.
The senate is the university’s highest academic decision-making body, who is responsible for the university’s teaching, research and development activities and for ensuring excellent quality of these activities. The senate comprises 22 members: rector as the chair of the senate, four representatives of each faculty of the university, and five student representatives. The senate is elected for a term of three years. The second senate took office on 1 July 2014.
Professor Volli Kalm has served as the rector of the UT since 1 July 2012. The rector is responsible for the day-to-day management of the UT and for the lawful and expedient use of financial resources and exercises the UT’s highest administrative and disciplinary authority within his competence pursuant to the resolutions of the council and the senate. As of 1 January 2016, Rector’s Office includes the rector, vice rectors, heads of specific areas of responsibility and deans.
Members of the Council of the University of Tartu after colloquium in November 2016
Size and number of academic units of the University of Tartu before and after structural reform
29319 91 2360 50 4919583 398 44 773 152
number of employees (FTE) in departments and colleges
institutes
humaniora medicinarealia et naturaliasocialia
403 460 442 925
number of employees (FTE) in faculties
institutesand colleges
HV MV LTSV
structure before 2016 structure as of 2016
9
Rector’s Office as on 31.12.2016
Before the structural reform the University of Tartu had nine departments and four colleges with 50 subunits, but from 2016, there are four faculties in the UT, comprising 25 institutes and four colleges. The new structure facilitates integration between specialties, involvement of the university’s staff and responsibility in making strategic decisions.
Objective of A2020: the university follows the interdisciplinary balance and peculiarities of areas when making strategic decisions
Professor Volli Kalm Rector
Marco Kirm Vice Rector for Science
Erik Puura Vice Rector for Development
Mart Noorma Vice Rector for Academic Affairs
Professor Margus Lember Dean of the Faculty of
Medicine
Professor Peeter Burk Dean of the Faculty of Science
and Technology
Professor Raul Eamets Dean of the Faculty of Social
Sciences
Andres Liinat Director of Administration
Andres Soosaar Academic Secretary
Taimo Saan Head of Finance
Professor Margit Sutrop Dean of the Faculty of Arts and Humanities
Structure of the University of Tartu (as on 31.12.2016)
Faculty of Social SciencesFaculty of Arts and Humanities
Faculty of Medicine Faculty of Science and Technology
DeanProfessor
Peeter Burk
Dean Professor
Raul Eamets
Dean Professor
Margit Sutrop
Dean Professor
Margus Lember
Vice Rector for ResearchMarco Kirm Vice Rector for
Academic AffairsMart Noorma
Vice Rector for Development
Erik Puura
Head of FinanceTaimo Saan
Director of Administration
Andres LiinatAcademic Secretary
Andres Soosaar
RectorProfessorVolli Kalm
University Council Senate
Institute of Biomedicine and Translational Medicine
Institute of Sport Sciences and Physiotherapy
Institute of Dentistry
Institute of Clinical Medicine
Institute of Pharmacy
Institute of Family Medicine and Public Health
Estonian Marine Institute
Institute of Ecology and Earth Sciences
Institute of Technology
Institute of Molecular and Cell Biology
Institute of Chemistry
Institute of Physics
Institute of Computer Science
Institute of Mathematics and Statistics
University of Tartu Youth Academy
Technology Transfer Unit (Office of Research and Development)
Marketing and Communication Office
Human Resources Office
Estates Office
Administrative Office
Information Technology Office
Rector’s Strategy Office
Internal Audit OfficeFinance Office
School of Theology and Religious Studies
Institute of History and Archaeology
Institute of Estonian and General Linguistics
Institute of Cultural Research and Arts
College of Foreign Languages and Cultures
Viljandi Culture Academy
Institute of Philosophy and Semiotics
Office of Academic Affairs
Student Council
School of Law
School of Economics and Business Administration
Narva College
Pärnu College
Institute of Social Studies
Institute of Education
Institute of Psychology
Johan Skytte institute of Political Studies
Estonian Genome Centre
University of Tartu Natural History Museum and Botanical Garden
University of Tartu Museum
University of Tartu Library
Office of Research and Development
Lifelong Learning Centre
10
Structure of the University of Tartuas on 31.12.2016
doctoral schools 134.000
internationalisation of studies 290.000
entrepreneurship 210.000
activities with schools 160.000
lifelong learning 120.000
earth resources centre 100.000
Asian research centre 150.000
teaching and supervising skills 65.000
self-expression skills in Estonian 82.000
centre for clinical studies 290.000
high-performance computing centre 150.000
enterprising university 150.000
health technologies 60.000
centre of learning analytics 50.000 centre for information society 50.000guidelines for research ethics 50.000
support system for successful application for external funding 50.000
alumni network 32.000
partnership with enterprises and organisations 80.810
good practice of management 16.750
shared-resource labs 250.000
survey among Latvian students 16.750
PhD student places not funded by activity support 36.000
centre for disease models 34.000
centre for IT impact studies 93.500 translational genomics centre 125.146
teaching quality award 30.000
best teaching staff awards 35.000
11
Strategic PlanThe activities of the University of Tartu are guided by the Strategic Plan for 2015–2020 and its goals are elaborated by the faculties’ strategic plans and key indicators.
Every year the rector approves the university’s goals in five fields of activities: teaching and studies, research and development, entrepreneurship, organisation, Estonian language and culture and national cultural assets.
18 key performance indicators were agreed in 2016 to monitor and evaluate the university’s development:
• number of high-level publications per academic staff member;
• percentage of publications among the world’s 10% most cited research publications;
• percentage of revenue from R&D not funded from national funding programmes in the total R&D revenue;
• share of students admitted to the first level of higher education at the University of Tartu among all students admitted to the first level of higher education in Estonian higher education institutions;
• number of continuing education learners;
• percentage of completed entrepreneurship courses in the total volume of studies;
• students’ overall satisfaction with teaching and courses; • interruption rate in the first and second level of higher
education;• percentage of doctoral graduates in the number of
students admitted four years (standard period of study) ago;
• percentage of English-taught curricula in the first and second level of higher education;
• percentage of international students;• percentage of international academic staff;• percentage of academic staff who participated actively
in teaching-related development activities; • income per academic staff member;• percentage of structural units in a good or satisfactory
financial standing;• employees’ overall satisfaction;• University of Tartu master’s graduates’ satisfaction with
their competitiveness in the labour market; • evaluation of the University of Tartu’s entrepreneurial
spirit.
The institutional development programme ASTRA for research and development and higher education institutions supports the achievement the UT strategic plan goals. In the course of the University of Tartu’s ASTRA project PER ASPERA, the objective of the university in the years 2016–2022 is to:
• increase the volume of academic, research and entrepreneurial cooperation and interdisciplinarity by improving study and work conditions, with the main emphasis in the area of ICT;
• increase the efficiency of studies through improved teaching and learning skills and conditions;
• improve access to the university’s modern research infrastructure and high-quality knowledge. The total support allocated to the University of Tartu is more than 42.3 million euros.
The objective of the University of Tartu development fund is to support the implementation of the strategic plan, incl. primarily, cross-faculty developments. When making allocations from the development fund, relations with implementation of the university’s RDI focuses and orientation on cross-unit cooperation is taken into account.
The size of development fund was 2.82 million euros in 2016
→ ut.ee/en/indicators
In 2016, the compiling of important good practices continued. Good practices support the values voiced in the university’s strategic plan and the regulations provided in the bylaws. The compilation of the good practice of research work and the good practice of management started in 2016. The management seminar in autumn discussed the implementation of the Anti-corruption Act and the avoidance of conflict of interest. In 2016, also the guidelines for equal treatment and the schemes explaining how to resolve unequal treatment complaints for staff and students were completed.
→ ut.ee/et/ulikoolist/head-tavad-ulikoolis
0.8% 0.9% 0.8%
2011 2012 2013 2014 2015
Public expenditure in Estonia on research and development as percentage of GDP in 2011–2015.
Source: Ministry of Education and Research (MoER)
EL‐28
BE
BG
CZ
DK
DE
EE
GR
ES
HR
IT
CY
LV
LT HU
MT
NE
AT
PLPTRO
SI
SK
FI
SE
UK
0
50,000
100,000
150,000
200,000
250,000
300,000
0% 1% 2% 3% 4%
R&D expe
nditu
re per re
searcher (1
000 €)
total R&D expenditure (% of GDP)
EL‐28average164,000 €
EL‐28 average2.0%
Total research and development expenditure as a percentage of GDP and per researcher in EU countries in 2015.
Source: Eurostat, Science and technology statistics (rd_p_persocc, rd_e_gerdtot, data accessed in February 2017)
12
OPERATING ENVIRONMENTStrategic management trends
Expenditure per one researcher in Estonia is only 44% of the EU average. The ratio of total R&D expenditure in Estonia in relation to the gross domestic product was 1.5% in 2015 (in the EU on average 2,0%). R&D expenditure per one researcher in Estonia was 72,000 euros in 2015, in the EU on average 164,000 euros.
In 2017, Estonia will transition to accrual budgeting and in 2020, to activity-based budgeting. One of the premises of activity-based budgeting, the mapping of public services is planned to be completed by summer 2017. In research, budgeting is based on the implementation plan of the Estonian Research and Development and Innovation Strategy 2014–2020 “Knowledge-based Estonia”. In education, achievement of the objectives of “Estonian Lifelong Learning Strategy 2020” and budgeting is based on nine programmes, incl. the higher education programme.
→ hm.ee/et/tegevused/arengukavad
Government plans strategic changes in the management and funding of the RDI system in Estonia. In June 2016, the government decided to form a taskforce on research funding and management. The taskforce should prepare the consolidation of higher education and research institutions and their support services, and the implementation of proposals on research and higher education funding as provided in the report of the Research and Development Council for 2015.
Government increases research funding. The government’s action programme for 2016–2019 sets the target to raise the R&D expenditure to one percent of GDP, increase the share of base funding to 50% of research funding, and increase grants to doctoral students. In 2016, base funding of research institutions grew 50% compared with 2015, from 9.3 to 13.9 million euros.
→ valitsus.ee/et/eesmargid-tegevused/valitsuse-tegevusprogramm-0
The modelling of the operating environment of the university depends on the strategies and financial instruments of Estonia and the EU
In December 2016, the Riigikogu approved amendments to the Accounting Act, which stipulated that public sector entities should be ready to accept e-invoices from 1 March 2017, and entrepreneurs to send standard e-invoices to the public sector from 1 July 2017.
→ fin.ee/e-arved
The government of Estonia wants to reduce bureaucracy in the public sector. The government aims to identify and terminate unnecessary activities, i.e. related with coordinating, reporting etc., in and between public sector institutions. Proposals related with law amendments are processed by the taskforce for reducing bureaucracy.
→ mkm.ee/et/nullburokraatia
In 2016, a new concept for research funding was developed by the Estonian Research Council, Ministry of Education and Research and research institutions. According to the concept, the former base funding will become activity support and institutional and personal research funding will become an integrated research funding system. Gradual transition to the new system will start in 2017.
→ riigikantselei.ee/et/teaduse-rakkeruhm
AU
AT
BE
CA
CL
CZ
DK
EE
FIFR
DE
HU
ISIE
IL
IT
JP
KR
MX
NL
NZ
NO
PL
PT
SK
SI
ES
SE
CH
UK
US
LV
0
5,000
10,000
15,000
20,000
0.0% 0.5% 1.0% 1.5% 2.0%
annu
al expen
diture per stud
ent (USD
, PPP)
public spending on tertiary education (% GDP)
OECD average1.1%
OECD average10,493
Public expenditure on higher education as a percentage of GDP and per student per year in OECD countries in 2013
(PPP – purchasing power parity). Source: OECD
13
According to OECD review for 2016, Estonia spends more on higher education than other OECD countries, but expenditure per student is less than the average in OECD countries. Based on the 2013 data, Estonian public investment in higher education institutions was 1.9% of GDP, which is the highest among OECD countries. Expenditure per one student per year in Estonia in 2013 was 8107 US dollars (OECD average is 10,493 US dollars), considering purchasing power parity.
→ oecd-ilibrary.org/education/ education-at-a-glance-2016_eag-2016-en
In 2014–2020, the EU Framework Programme for Research and Innovation Horizon 2020 and the programme for education, training, youth and sport Erasmus+ are the most influential programmes supporting the development of European universities. Horizon 2020 budget is 77 billion euros and Erasmus+ budget 14.7 billion euros.
OSKA analyses the needs for labour and skills necessary for Estonia’s economic development over the next 10 years. The programme for closer integration of the labour market and studies analyses the labour market’s needs for labour and skills, using a uniform methodology. Economy is divided into 24 OSKA areas. Market needs and training offers are analysed annually and proposals are made for their better harmonisation in five or six OSKA areas.
→ oska.kutsekoda.ee
The total funding for centres of excellence in research, co-financed by the European Regional Development Fund, is approximately 39 million euros. In 2016 nine new centres of excellence started operation. Average support per centre of excellence is 4.3 million euros.
ASTRA is an institutional development programme for research and development and higher education institutions, valued at 121.3 million euros, aiming to:
• strengthen smart specialisation growth areas and areas of responsibility of the institutions;
• facilitate the cooperation of research institutions with business enterprises;
• enhance the economic impact of R&D activities.
ASTRA support for the development of teaching and research was given to 20 institutions, total amount 67.4 million euros. The major recipients of the support were University of Tartu (27.3 million euros), Tallinn University of Technology (16.1 million euros) and Tallinn University (6.1 million euros). ASTRA investment plan supports the building or renovation of seven research and academic buildings with 54.1 million euros in total. 15 million euros were assigned to the UT for building the IT centre.
Supported by ASTRA, the university will create a modern environment in Tartu to increase the number of ICT students and staff and to intensify interdisciplinary cooperation of students, researchers and entrepreneurs. The new academic and research building DELTA of the School of Economics, Institute of Computer Science and Institute of Mathematics and Statistics will be completed in autumn 2019 in the city centre in place of the current building of the School of Economics. The neighbouring properties were given to the university by Tartu city government for free.
339 million euros of EU structural aid is directed to Estonian higher education and R&D in 2014–2020
The winner of the architectural competition for the IT centre organised by the University of Tartu and the city of Tartu was the conceptual idea by architectural company “Arhitektid11 OÜ” (leader Illimar Truverk, co-authors Joanna Kordemets, Kristjan Lind and Sander Paljak)
Activity support allocated to institutions of higher education by the state in 2016 in euros. Source: Ministry of Education and Research (MoER)
UT 47.8
TUT 36.8
TU 18.9
EULS 12.1
other 35.3
Number of educational institutions that offered higher education curricula in 2012–2016 (as at the beginning of the academic year).
Source: EHIS
2926 25 24
21
2012 2013 2014 2015 2016
public vocational education institutionsprivate PHEIspublic PHEIsprivate universitiespublic universities
‐28%
Number of students in Estonia by sources of funding in 2012–2016. Source: EHIS
64,80655,214
47,794
2012 2013 2014 2015 2016
tuition‐fee paying studentsnon‐fee paying students
‐26%
14
Since 2013, the financing allocated to the university has been performance-based activity support.
In 2016, the University of Tartu and the Ministry of Education and Research signed an agreement for allocation of activity support for 2016–2018. In the agreement, the objectives and activities for ensuring the quality and effective organisation of studies and teaching, and improving coherence to society were agreed on.
In December 2016, the government of Estonia approved performance indicators, according to which the perfor-mance-based activity support is calculated for institutions of higher education starting from 2017.
Up to 17% of performance-based funding is allocated based on the achievement of performance indicators and up to 3% based on the evaluation of the performance of the activity support agreement.
→ riigiteataja.ee/akt/131122016048
32% of higher education activity support was allocated to the University of Tartu in 2016
Changes in operating environmentThe number of students and the number of higher education institutions have decreased over the last five years. In the academic year 2016/2017, there are 21 institutions offering higher education in Estonia and in total 47,794 students studied at the level of higher education (79% of them in free student places).
Over ten years (2007–2016), the percentage of students studying computer science and technology has increased (from 19% to 25%) and the percentage of students studying social sciences and business has decreased (from 40% to 30%).
According to Statistics Estonia, in 2016 the unemployment rate of working-age people was 3.9% for people with higher education, 7.8% for people with vocational or secondary education and 12.7% for people with primary or basic education. The government’s objective is for at least 40% of people in the age group 30–34 to have higher education.
Performance indicators of higher education at the state level
→ haridussilm.ee
2012 2013 2014 2015 2020
Employment rate of people aged 20–34 who completed higher education 1–3 years ago, %
84.3 85.5 86.7 88.0
Percentage of people with higher education in the age group 30–34, %
39.5 42.5 43.2 45.2 40.0
Number of English-taught curricula opened for admissions in the first and second level of higher education in 2012–2016 (incl. joint curricula)
(key performance indicator)
12 1421
2012 2013 2014 2015 2016
75%
Change in the number of curricula open for admissions in the University of Tartu.
Source: EHIS
182 163
2012 2016
‐10%
Number of curricula open for admissions in 2016 in the University of Tartu. Source: EHIS
1st level of higher education (58)master's studies (71)doctoral studies (34)
163curricula
15
TEACHING AND STUDIESCurricula
In 2016 students were admitted to 163 curricula. The number of curricula open for admissions has decreased 10.4% in four years. The university continues to regularly review, update and join or close curricula.
Number of curricula by levels in 2012/2013 and in 2016/2017
level of study
2012/2013 2016/2017
with open admission*
with enrolled students
with open admission*
with enrolled students
first level of higher education 69 69 58 79
master’s studies 78 86 71 93doctoral studies 35 35 34 35
total 182 190 163 207
* Curricula of the University of Tartu for which the status in the EHIS curricula register was “open” as of 10 November
A2020 objective: the university develops existing curricula and creates new international curricula based on strong research fields, providing students with a motivating international learning environment of excellent quality and competitiveness in the labour market
The University of Tartu has followed the principle that in bachelor’s studies, an English-taught curriculum may be opened only if it is also possible to study in Estonian in that particular field of study.
In the academic year 2016/2017, students were admitted to 23 English-taught curricula, most of these (20) are master’s programmes. In 2016 one new bachelor’s curriculum (Science and Technology) and two new English-taught master’s curricula (Excellence in Analytical Chemistry; International Law and Human Rights) were opened for admissions.
In 2016, a total of 1049 students studied in English-taught curricula, 69% of them international students.
→ ut.ee/et/statistika/oppekavad
Action plan: reform of curricula, taking into consideration the university’s resources, needs of the labour market, demographic situation and state priorities
From 2014–2017 the university reforms curricula of the first and second level of study. The objective of the reform is to improve the quality of studies and ensure the competitiveness and sustainability of studies in the changing external conditions. In 2016, the Academic Affairs Committee analysed the reform criteria and submitted a proposal of updating the curricula evaluation and funding model to the Rector’s Office and the council. In 2016 the council approved the principles of budgeting for 2017, in which the curricula reform measure was linked with the funding of academic units.
Since 2017 the curricula reform supports the achievement of targets specified in the Strategic Plan and the agreement of allocation of higher education activity support (so-called performance agreement), evaluating curricula based on the following criteria:
• learners’ satisfaction,• multicultural learning environment,• student mobility,• organisation of traineeship,• completed entrepreneurship courses,• interdisciplinarity,• successful completion of studies,• completion of the curriculum.
The purposeful activities of institutes and colleges for improving the quality of degree studies and teaching are supported by the development fund of the university.
29
1,225
27
379
38
114
223
128
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
openuniversity studies
regularstudies
2016 1–2 years ago 3–5 years ago over 5 years ago
Percentage of students admitted to the first level of higher education of the University of Tartu in 2016 by year of graduating from general education school
1st level of higher education (2,281)master's studies (1,413)doctoral studies (177)
3,871admittedstudents
Number of students admitted to the University of Tartu by levels in 2016
4,249 3,302 3,871
2012 2013 2014 2015 2016
‐9%
Number of students admitted to the University of Tartu in 2012–2016
16
Start of studiesIn 2016, 7,556 students completed general secondary education in Estonia. 3,897 of them (52%) continued studies at an Estonian higher education institution. Public universities admitted a total of 6,565 students to the first level of higher education, which shows that secondary school graduates of previous years and applicants to distance learning take up an important share of student places.
Compared with 2012, the number of students admitted to the University of Tartu at the first level of higher education has decreased in all areas of study, except in the area of ICT and health care, in which admissions numbers have increased by 14% and 18%, respectively.
In 2016, a total of 3,989 students joined the university’s student body on the three levels of higher education. The majority – 3,871 students*– started studies in the first year of their respective level of study, the rest continued previously interrupted studies or were transferred from another higher education institution, applying for a vacant student place.
In 2016, 2,281 students started their studies in the first level of higher education in UT: 1,559 in bachelor’s studies, 425 in professional higher education studies, and 297 in integrated bachelor’s and master’s studies. In 2016, recent graduates of upper secondary school amounted to 55% of the students admitted to the first level of higher education at the University of Tartu (63% in 2015).Students from all counties of Estonia
started their studies in the first level of higher education at UT. The largest percentage came from Harju (27%) and Tartu County (26%). The percentage of matriculated students was also higher for counties which have regional colleges of the university.
In 2016, 101% of student places were filled in the first level of higher education and 96% of student places in the second level of higher education.
Number of student places formed for admission** and filling of student places in 2015 and 2016
2015 2016number of
student places for admission
student places filled
number of student places for admission
student places filled
first level of higher education 2,311 100% 2,342 101%
master’s studies 1,357 91% 1,417 96%
** number of student places does not include the student places of joint curricula coordinated by other universities
PERFORMANCE AGREEMENT: the university increases the number of admitted students in the curricula group of computer science and IT
Number of students admitted to UT in the curricula group of computer science and IT in 2015 and 2016
level of study 2015 2016first level of higher education 163 175master’s studies 156 228
doctoral studies 12 14
total 331 417
The number of new master’s students in 2016 was 1,413. The proportion of students coming to the University of Tartu from other universities is also growing year by year. Of students admitted to master’s studies at UT in 2016, 44% had completed their previous studies elsewhere: 21% at a foreign university, 6% at Tallinn University, 4% at Tallinn University of Technology, 2% at Estonian University of Life Sciences.
In 2016, 418 international students started studies at the University of Tartu. The majority of the newly matriculated international students came from Ukraine (55), Russia (40), Finland (29), Georgia (27) and Latvia (20).
With the increased number of new English-taught curricula, the percentage of admitted international students in master’s studies has tripled compared to 2012. 21% of the students admitted to master’s studies in 2016 were international students.
→ ut.ee/et/statistika/vastuvoetud
* Number of admitted students includes people who were matriculated between 11 November 2015 and 10 November 2016 and had student status as of 10 November 2015. This includes students of joint curricula. This is why the number of students admitted to the UT differs from the national statistics of EHIS which accounts for students admitted to joint curricula only among the students of the coordinating university.
2,883(22%)
1,901(15%)
2,461(19%)
5,725(44%)
HV
SV
MV
LT
Number of students and distribution between four faculties in 2016
17,370 14,470 12,970
2012 2013 2014 2015 2016
‐25%
Number of students of the University of Tartu Ülikooli in 2012–2016
60%
30%
10%
1st level of higher education (7,866)master's studies (3,846)doctoral studies (1,258)
12,970students
Number and percentage of students in the University of Tartu by levels in 2016
17
In 2016, 12,970 students studied at the University of Tartu. 90% of them were in non-fee-paying student places. 8% of the students were international students. The number of students has decreased 5%.
E-learningA2020 objective: the university supports innovation and the use of technology and cooperation in studies
Modernisation of study methods and forms is one of the university’s objectives and to achieve that, web-based study opportunities are created and developed. E-learning is mostly used in combination with classroom work, to facilitate students’ individual work.
In 2016, the University of Tartu offered ten MOOCs, massive open online courses, which had altogether 8,001 learners of whom 4,119 graduated. The percentage of graduates was 54%, which is exceptionally high for MOOCs.
In 2016, seven UT’s courses applied for the e-course quality mark, which was awarded to five of them:
• Development and marketing project (Tatjana Koor);• Biochemistry (Rando Porosk, Ursel Soomets, Mihkel Zilmer, Kalle Kilk);• Communication management in public sector organisations (Tiiu Taur);• Communication management in business enterprises (Tiiu Taur);• About programming (Eno Tõnisson, Marina Lepp, Tauno Palts, Reelika
Suviste, Vello Vaherpuu, Kaspar Papli, Hanna-Liisa Reponen, Kaspar Hollo, Mari-Liis Jaansalu, Merilin Säde).
At the international conference “Fiber-optic Road to Education” organised by the Innovation Centre of HITSA, the best e-course of 2016 of the Estonian e-Ülikool (e-University) consortium was announced. The title was awarded to UT’s MOOC “About programming”, which was created in the cooperation of many lecturers and students led by lecturer of the Institute of Computer Science Eno Tõnisson.
The use of e-learning at the University of Tartu
2013 2014 2015 2016partly and fully web-based courses
number of courses (opercentage of all courses)
1,580 (18%)
1,841 (22%)
2,049 (25%)
2,413 (30%)
incl. number of fully web-based courses 108 130 130 122number of participants 46,672 50,729 56,761 64,996
online learning environment Moodlenumber of courses 2,545 2,876 3,535 3,910number of users 27,537 26,594 32,306 39,812number of MOOCs - 2 6 10number of MOOC participants - 335 3,111 8,001
number of viceos in UTTV portal 2,838 4,045 4,260 5,166
90% of the students were in non- fee- paying student places. Studying in English-taught curricula in UT is generally for a fee, but more than 70% of master’s students got tuition-waiver scholarships in 2016.
→ ut.ee/et/statistika/oppijad
Students of Johan Skytte Institute of Political Studies prepared as their coursework the MOOC “EU-Russia Relations: Between the Vilnius and Riga Eastern Partnership Summits”, which gained international popularity. This is the first online course fully developed and instructed by students.
Studying
The percentage of master’s and doctoral students in the university has increased, accounting for 39% of the university’s student body in 2016.
Support services for students• 3 student advisors,• 6 student mobility advisors,• 2 psychologists
(each with 0.5 workload),• 2 career counsellors,• 1 entrepreneurship counsellor,• 116 tutors,• 20 support students.
18
Entrepreneurship educationA2020 objective: enables students to develop their general and area-related business competencies
based on their needs and interests
In the academic year 2016/2017, 41% of the curricula, incl. 92% of professional higher education programmes included at least one entrepreneurship subject course. The percentage of successfully passed entrepreneurship studies accounted for 2.6% of the total volume of studies in 2015/2016. The university aims for each student to pass entrepreneurship courses for at least 6 ECTS during the first and second level of higher education. Traineeship courses made up 76% of the bachelor’s curricula and 88% of the master’s curricula in 2016/2017.
In 2016, the entrepreneurial programme “Edu ja Tegu”, led by the Ministry of Education and Research, was launched with an aim to promote entrepreneurship education at all levels of study and develop an enterprising mindset. The programme’s lead partners are the University of Tartu Ülikool and the Innove Foundation.
→ ettevotlusope.edu.ee
The University of Tartu Idea Lab has been created to advance the enterprising and innovative spirit of the students. Active students and pupils can work together to find innovative and practical solutions to exciting problems.
→ ideelabor.ut.ee
250 students and pupils worked together at the season’s opening event of Idea Lab “Idea Storm. 100 ideas that will change the world” to create novel ideas for the Idea Lab together with 22 inspiring entrepreneurs of the new generation. In the Idea Lab workshops, teams were formed to test the feasibility of the ideas with the support of workshop instructors and mentors.
In business and project ideas competition “Kaleidoskoop”, 15 teams of the 28 who took part in the preliminary round made it to the final. The winner was the team KONKU, whose web and mobile application provides rental ads without estate agent fees. The preliminary round in autumn brought together a record 42 teams. The first prizes went to Festera, who produces recycle bins that decompose biodegradable waste using special bacteria, and the UT IdeaLab’s STARTER programme graduate Triplecase who developed a practical three-zipper pencilcase.
Three UT Idea Lab teams – creators of KONKU student rental ad portal, developers of Need2Park parking management software and Hire Young web platform helping students enter the labour market – were chosen to develop their business ideas in the international programme “Network Globally, Act Locally”. Students of the University of Tartu, Charleston College and Nebraska Wesleyan University (USA) participate in the programme financed by Harry and Reba Huge Foundation. The first half of the programme was conducted in Tartu and the last week in the USA, where the young startups presented their ideas to leaders of the local enterprises.
Vega fund is a funding facility for research-intensive business projects created by the University of Tartu, which receives financial contributions from UT and the Harry and Reba Huge Foundation, different institutions and enterprises. Partners of the Vega fund are Enterprise Estonia and Swedbank. Renewed in 2016, the largest ever Vega fund finances business projects with up to 240,000 euros.
→ vega.ut.ee
Entrepreneurship lab E-Lab started operation in Narva College. The lab was opened by lecturer at Uppsala University Mikael Scherdin, using the entrepreneurship education method he developed at Uppsala University.
Opening event of Idea Lab “Idea Storm. 100 ideas that will change the world”
Finland 174 Germny 54 Spain 35France 20 Czech Republic 18
UT students studied abroad
Netherlands 16 Sweden 14 Italy 14 other 133
478
Germany 115 Italy 46 Czech Republic 42Russia 25Fance 25
international visiting students studied at UT
Latvia 23 Finland 17 other 209
546
1st level of higher education (240)master's studies (582)doctoral studies (158)
980international students
Number of international students by study levels in 2016
546 686980
2012 2013 2014 2015 2016
+79%
Number of international students 2012–2016
6% 5% 7%
14%
HV147
SV286
MV133
LT414
Number and percentage of international students in faculties 2016
(key performance indicator)
19
8%international students
42% of all international students studied in the Faculty of Science and Technology, 29% in the Faculty of Social Sciences, 15% in the Faculty of Arts and Humanities and 14% in the Faculty of Medicine.
The scope of the Erasmus+ programme has widened. In the academic year 2015/2016, Erasmus+ global learning mobility programme was launched with the aim of supporting student mobility between the universities of European and non-EU countries.
In 2016, the University of Tartu had 980 international students, which is 8% of the total number of students. Compared to 2015, the number of international students increased by 19%. Of all international students of the University of Tartu, 59% studied in master’s studies and 16% in doctoral studies. International students came from 88 countries.
Over the last five years, the percentage of international students has increased primarly in the Faculty of Science and Technology.
→ ut.ee/et/indikaatorid/valisuliopilaste-osakaal
In the academic year 2015/2016, the University of Tartu had 546 international visiting students. Within the Erasmus+ programme, a total of 334 exchange students studied at the University of Tartu (5% increase). Every third student in the Erasmus+ Programme came from one of our partner universities in Germany. Also Italian and Czech students were very interested in studying at the University of Tartu.
According to the data available to the university, 478 students of the University of Tartu went abroad as exchange students in the academic year 2015/2016, 249 of them did practical training abroad. Compared to the previous academic year, the number of increased 30%. 257 students, or 54%, studied and trained in foreign universities with the help of the EU Erasmus+ programme. The most popular destination countries were Germany (18%) or Spain (13%).
To ensure that students also pay attention to general knowledge and experience, not just the specialist knowledge acquired during studies/traineeship abroad, seminars are organised for students who are going abroad or have returned. The seminars help students to set targets, analyse their experience and apply it successfully in the labour market.
Counselling of international (visiting) students – At the beginning of each semester, an orientation course introducing Tartu and the university is offered, guidelines and information materials are available for international (visiting) students. Besides employees, also students help to support international (visiting) students. A new active group is the international student representatives of the University of Tartu – the student ambassadors. Student- to-student support service is provided by tutors and members of the Erasmus Student Network.
→ isa.ut.ee
International students and student exchangeA2020 objective: the university supports the academic mobility of students and employees
and values a diverse international and cultural learning and working environment
1st level of higher education (1,497)master's studies (1,254)doctoral studies (120)
2,871graduates
Number of graduates of the University of Tartu by study levels in 2016
3,038 2,907 2,871
2012 2013 2014 2015 2016
‐5%
Number of graduates of the University of Tartu in 2012–2016
business, administration
and law535
social sciences, journalism and information
475
arts and humanities
444
natural sciences,
mathematics and statistics
360
education343
health and welfare342
ICT177
services99
engi‐neering
96
1st level of higher education master's studies (incl. integrated studies) doctoral studies
Number of graduates of the University of Tartu by areas of study in 2016
17% 16%9%
21%
HV SV MV LT
Interruption rate in the first and second level of higher education in the University of
Tartu in 2016 (key performance indicator)
20
A total of 2,871 students graduated from the University of Tartu in 2016. Nearly half of them (48%) studied in the Faculty of Social Sciences. The number of cum laude graduates was 267.
Of 2015/2016 UT graduates of the first level of higher education, 53% continued in our master’s studies in 2016.
According to EHIS, the average interruption rate* in Estonian higher education institutions was 17% in 2016. In the University of Tartu, 2,172 students interrupted their studies in 2016. Interruption rate in the first level was 17%, in master’s studies 16% and doctoral studies 13%. 10% of those who interrupted the studies in 2016 restarted studies at the University of Tartu in 2016.* The share of students who interrupted their studies in the academic year 2015/2016 in the total student body of 2015.
Main reasons for interrupting studies in 2016:
• expiry of study period (36%);• interruption at student’s request
(39%);• insufficient academic progress
(15%).
The interruption rate was the highest in the Faculty of Science and Technology.
Graduation and interruption of studies
Using feedback
→ ut.ee/et/statistika/lopetanud
A2020 objective: in improving the quality of studies, the university proceeds from the principle of supporting the development of students for the benefit of society
Annual feedback survey conducted among the first-year students of the first level of higher education and master’s studies revealed that in choosing the university, applicants considered the quality of education (95–98% or respondents considered this very important), the selection of interesting curricula (93–96%) and the reputation of UT (87–89%). Master’s studies were usually taken up for self-development. Better job and career prospects were also considered important in getting a master’s degree.
After the first semester, the majority (92% in the first study level, 83% in master’s studies) agreed that studies at the University of Tartu had so far met their expectations. The survey revealed that 40% of first-year students of higher education and 67% of first-year master’s students worked during their studies. Compared to last year, the percentage of students working during their studies has increased slightly on the first level of higher education and remained the same in master’s studies.
A (excellent)46%
B (very good) 30%
C (good) 15%
D6%
E2%
F1%
UT students’ consolidated grade for courses in the academic year 2015/2016
Liina Lepp, SV, Institute of Education, Lecturer in Didactics
Marko Murruste, MV, Institute of Clinical Medicine, Lecturer in Surgery
21
Results of the feedback survey among first-year students of the first and second level of higher education in 2015 and 2016
statement 2015 2016studies at the UT meet my expectations 88% 90%after the first semester I would still apply to the UT 93% 95%
after the first semester I would still apply to the same curriculum 87% 88%
my preparation (earlier education) is sufficient to manage well with my university studies
86% 85%
At the end of each semester, students have the opportunity to give feedback to courses and the teaching skills of the teaching staff. When giving feedback, students analyse their experience, give feedback to the teaching staff, answer questions about the courses and can give recommendations to future students. A certain part of the results is accessible to all members of the university. Institutes and colleges are required to discuss the survey results once a semester and take measures to eliminate shortcomings.
In the academic year 2015/2016, the students completed 72,122 feedback questionnaires. In total, feedback was given to teaching staff who taught 2,729 subject courses. In the case of teaching-related statements, students agreed most with statements that the teacher’s attitude upon teaching was supportive of learning and open to students and that the study materials recommended were relevant in terms of substance and suitability (93% and 92%, respectively). There was somewhat less agreement with the statements that the teacher taught the course excellently (87%) and have sufficient feedback to the results of the student’s work (86%).
Summarising the aspects of teaching and course arrangements, students gave our courses the average grade 4.12, not much different from last year’s result (4.08).
Annual feedback surveys are also conducted among final-year students (excl. PhD students) with regard to the organisation of curricula, the study process, study environment, support services, and graduates’ future plans for education and employment. 92% of respondents agreed that they obtain the learning outcomes described in curriculum and adequate general skills (communication, teamwork, etc.)
Students generally also agree that the organisation of study favours learning and during studies they receive necessary information on time (87%).
In 2016, the award for improving the quality of teaching and financial award was given to the Faculty of Arts and Humanities for the reform in master’s studies and establishing master’s schools. Instead of former subject-based courses there are master’s school courses, which make better use of the competence of teaching staff, help to avoid duplication and promote cooperation between specialities.
Percentage of students who plan on going to work after graduation:
• on the first level 73%,• in master’s studies 86%.
Each year, based on student feedback, the University of Tartu gives out the best teaching staff award to acknowledge excellent teaching skills and recognise those who receive the highest scores in feedback surveys. In each faculty the award is given to one member of teaching staff who received the highest grade in the feedback survey of that academic year.
The state awarded the Lecturer of the Year title to UT lecturer Eno Tõnisson
Reet Alas, HV, College of Foreign Languages and Cultures,
Teacher of French Language
Recipients of the best teaching staff award of the University of Tartu in
2016
Ivo Leito, LT, Institute of Chemistry, Professor in Analytical Chemistry
27%
international studentsEstonian students
177doctoralstudents
Number of doctoral students admitted to the University of Tartu in 2016
41%23%
10%28%
HV SV MV LTNumber of international doctoral students by
faculties in 2016
74% 68%
33%
69%
HV SV MV LTPercentage of doctoral graduates in the
number of students admitted four years ago by faculties in 2016 (key performance indicator)
95
114
117
107
120
63
67
53
64
73
7
22
15
18
22
17
17
21
13
16
4
3
3
3
3
2
6
2
2
1
2012
2013
2014
2015
2016
TU EULSUniversity of Tartu TUT EAMT EAA
Number of PhD graduates from public universities in 2012–2016. Source: EHIS
22
Aim of doctoral studies• acquisition of effective research
skills and techniques; • getting familiar with the
research environment;• acquisition and development
of personal efficiency and teamwork skills;
• development of communication skills;
• promotion of career.
PERFORMANCE AGREEMENT: the university creates at least 161 doctoral student places in 2016
In 2016, 177 doctoral students started their doctoral studies, six students more than in 2015.
In 2016, 239 doctoral theses were defended in Estonia. 120 doctoral students graduated from the University of Tartu, 12% more than in 2015.
Doctoral schoolsEuropean Union structural funds support the improvement of the competitiveness of Estonian public universities, incl. the improvement of the quality and effectiveness of doctoral studies from the activity “Institutional development programme for research and development institutions and higher education institutions”.
Relying on the universities’ earlier positive cooperation experience, some of the planned activities are implemented via doctoral schools established by the universities in cooperation. In total, there are 13 doctoral schools in Estonia, and the University of Tartu participates in eleven of them.
doctoral schools and the related universities UT TUT EULS TU EAA EAMT leading university
Graduate School in Biomedicine and Biotechnology x x x x UT
Estonian Doctoral School in Mathematics and Statistics x x x UT
Doctoral School in Civil and Environmental Engineering x x TUT
Doctoral School in Energy and Geotechnology x x TUT
Graduate School of Functional Materials and Technologies x x x UT
Doctoral School of Educational Sciences x x TU
Doctoral School of Information and Communication Technologies x x x TUT
Graduate School of Linguistics, Philosophy and Semiotics x x UT
Doctoral School of Clinical Medicine x x x UT
Graduate School of Culture Studies and Arts x x x x TU
Doctoral School of Behavioural, Social and Health Sciences x x UT
Doctoral School of Earth Sciences and Ecology x x x x UT
Doctoral School in Economics and Innovation x x x x UT
→ ut.ee/et/oppimine/doktoriope/doktorikoolid
Doctoral studies
7.1 7.8 7.3 6.2
6.1 3.2
16.9
6.1
9.95.5
1.8
37.023.116.6
26.0
49.4
2013 2014 2015 2016
EU Structural Funds
foreign funding
national R&D contracts(excl. EU Structural Funds)
The value (in million euros) of R&D contracts on the basis of concluded contracts (excl. national
financing) in 2013–2016
23
RESEARCHFinancing
A2020 objective: in the conditions of the rapid development of research and technology and global competition, the university preserves and strengthens its position on the international research and education landscape
The volume of personal research funding in Estonia was 8.7 million euros, of which funding to UT researchers was nearly 5.2 million euros. 30 new personal research funding applications were successful in 2016 (total amount 1.6 million euros). UT’s success rate in all new Estonian R&D projects was 56%.
Research and development contracts (except public financing) with Estonian and international partners were made in 2016 for 49.3 million euros, which is 23.3 million euros more than in 2015. The increase came on account of structural funds. Major agreements were financed with the support for centres or excellence measure (the total amount received by the University of Tartu is nearly 19 million euros).
A2020 objective: the university inspires businesses to more actively use the research infrastructure of the university and the knowledge and skills of academic staff
The university’s partners of measuring, analysis, training or consultation services and the value and number of the R&D contracts with businesses supported from various financing schemes in 2016
value of contract (in euros)
number of contracts
NGOs, foundations and public institutions 309,937 16
state institutions, ministries, local governments 1,971,336 59
business associations 2,169,249 53
participation in financing schemes with businesses 3,342,831 11
total 7,793,353 139
The innovation and development shares measure and the measure for applied research in smart specialisation areas, launched at the end of 2015 and beginning of 2016, have significantly enlivened cooperation between businesses and the university. In 2016, the University of Tartu made 46 R&D agreements with Estonian companies (in total for more than 1.5 million euros), the above support measures were used in half of them.
The university also cooperates with companies at the international level. Contracts with foreign companies were signed in the value of 645,000 euros, accounting for nearly 30% of all contracts with businesses.
In 2016, Estonian R&D institutions were financed from major national financing programmes in the amount of 47 million euros, nearly 53% of it was allocated to UT.
Research funding allocated to Estonian R&D institutions from major national financing programmes for 2016 (in millions of euros)
R&D institution 2012 2016 change
UT 19.8 25.0 5.1TUT 8.6 9.3 0.8TU 2.1 2.4 0.3EULS 2,7 3.0 0.3other 5.4 7.6 2.2total 38.6 47.3 8.7
The importance of the amount of base funding allocated from the state budget has grown. In 2016, 6.1 million euros were allocated to the university as base funding.
In 2016, the total financial volume of institutional research funding for research themes in Estonia was 22.5 million euros. As there was no call for new applications, the number of themes remained the same. In 2016, institutional funding was granted to 76 themes of the UT in the amount of 12.6 million euros. Also the last target-financing research themes were completed in 2016; in UT there were seven of these last year.
→ ut.ee/et/statistika/teadus
4.5 million euros was the value of contracts signed by UT in 2016 for providing measuring, analysis, consultation or R&D services
UT leads three centres of excellence:
• “Advanced materials and High- Technology Devices for Sustainable Energetics, Sensorics and Nano- electronics”, led by Prof. Enn Lust;
• Centre of Excellence for Genomics and Translational Medicine, led by Prof. Andres Metspalu;
• Centre of Excellence in Molecular Cell Engineering, led by Prof. Tanel Tenson.
As a partner, the UT participates in six centres of excellence:
• “Zero Energy and Resource Efficient Buildings and Districts”;
• Centre of excellence in IT (EXCITE);• Centre of excellence „Ecology of
global change: natural and managed ecosystems”;
• Centre of excellence “Dark Side of the Universe”;
• Centre of excellence “Emerging orders in Quantum and Nanomaterials”;
• Centre of excellence in Estonian Studies.
Source: MoER
24
Cooperation with companiesA2020 objective: the university increases the interest in and awareness of innovation and science among Estonian
residents and businesses through various forms of cooperation
In cooperation with regional development centres, the university organised four seminars in Tartu, Rakvere and Jõgeva in the seminar series “Out of the Lab”. At the seminars, entrepreneurs could ask researchers for solutions to questions concerning specific development works and problems in the company’s operation.
In 2016, UT launched a partnership programme for large companies and organisations, to encourage them to make more use of the knowledge and skills of the university’s staff and students, (research) infrastructure, and formal and continuing education opportunities. Partners can have a say in developing the university’s curricula, be involved in teaching and take state-of-the-art technology and knowledge to their company. This increases the partners’ and society’s awareness of the role of research-intensive entrepreneurship in the development of economy and the society.
Members of the partnership programme include, e.g., Eesti Energia, Swedbank, Telia Eesti, Police and Border Guard Board and Estonian Defence Industry Association. In the course of the programme, meetings with researchers are organised and a newsletter is issued.
→ ut.ee/et/partnerlusprogramm
The University of Tartu and Tallinn University of Technology lead the network of Estonian universities ADAPTER which aims to provide a quick and easy link for companies and research and development institutions.
ADAPTER enables companies and all others to:
• ask for advice from all the universities at a time; • find a development partner to enhance their capability;• find a contractor for an innovation or development
share or NUTISPETS project; • see what services are provided by the universities;• learn about financing mechanisms to support the
cooperation of companies and R&D institutions.
The Adapter portal was opened in autumn 2016. By the end of 2016, 50 enquiries had been sent to Adapter, and UT provided a solution to 30 of them.
→ adapter.ee
In cooperation with the city of Tartu and local organisations supporting entrepreneurship, the UT organised Estonia’s largest international business festival sTARTUp Day 2016 in December, with nearly 3,000 students, entrepreneurs and other participants.
Led by UT, the six public universities organised the second cooperation festival “Right time, right place”, with more than 600 people from enterprises, universities and public sector organisations. At the festival, researchers introduced their ideas and cooperation opportunities for enhancing the competitiveness or supporting the development of a company or organisation in the form of a 3-minute “elevator speech”.
By the end of 2016, a total of 57 spin-off companies had been founded in which UT staff and students are involved and which use the UT’s intellectual capital or infrastructure in their activities. Effective research, strong cooperation culture resulting from the partnership programme and positive feedback from the business sector have contributed to the emergence of spin-offs. All in all, spin-offs employed more than 350 people and their combined profit in 2016 was nearly 1.8 million euros.
In 2016, UT researchers announced six objects of intellectual property, whose readiness for application in practice and commercialisation potential was analysed.Two patents were issued to the university on the basis of
applications submitted in the previous years and one new license agreement was signed. The direct income from the commercialisation of the university’s intellectual property was nearly 64,700 euros.
Patents and patent applicationsA2020 objective: the university contributes to the creation and growth of knowledge-based businesses and innovation
Vice Rector for Development Erik Puura introducing UT’s coope-ration with companies to Swedish Chamber of Commerce
25
A2020 objective: the university actively participates in developing and implementing policies required for the development of health care in Estonia
UT Estonian Genome Centre has created the Estonian biobank, with which nearly 5% of the Estonian adult population have voluntarily joined. The biobank includes the tissue samples and data of 52,458 gene donors, incl. 15,000 gene chip analyses. In 2016 the genotyping of gene donor samples continued. The Genome Centre’s database was also supplemented with information from other databases like the population register, cancer registry and register of causes of death.
The Centre of Translational Genomics, who received a 3.5 million euro grant in 2011 for five years from the development fund, made an overview of the project results in 2016. Created on the basis gene donors’ blood samples, the new type of database helps to develop personalised medicine both in and outside Estonia. Conditions have been created for opening an international centre attracting medics, geneticists, computer scientists and social scientists.
As a joint project of the Genome Centre and the board of editors of educational and research programmes of the Estonian Public Broadcasting, a three-part programme “Science Fever. Dance around DNA” was aired. A part of the programmes will be used as study material in Estonian schools.
A2020 objective: the university manages the creation and transfer of knowledge required for a more efficient use of user-friendly and secure information and communication technology, health technology, and resources,
and for the development of other forms of technology
Researchers of UT and TUT with international partners received a 5.28 million euro EU grant to the project GRACE. The aim of the project is to develop a strategic expert system for oil spill and a tool for decision making in arctic conditions and ice-infested areas.
In autumn 2016, the city of Tartu, University of Tartu and Telia Eesti AS signed a cooperation memorandum with the aim to continue cooperation for building a better and more innovative living environment in Tartu. Together they contribute to the international cooperation project SmartEnCity. The activities that are planned together are, for example, development of the smart city model, creating an integrated infrastructure in Tartu, development of smart home solutions, analysis and use of big data for cooperation projects, etc.
Telia Eesti AS and UT Institute of Computer Science signed a cooperation agreement to promote new business ideas relying on research and development in the area of internet of things. In March, the university in cooperation with Telia opened an internet of things lab, which is unique in the Baltics, and consists of a smart home and smart office environment.
The University of Tartu with 15 partners participates in the Baltic cooperation project “Baltic TRAM”, which opens up access for Estonian entrepreneurs to research infrastructure in the Baltic region that in Estonia is either missing or not sufficient to realise the companies’ total development potential.
→ baltic-tram.eu
In 2016, based on the order of Ministry of Education and Research, the UT Centre for Applied Social Sciences CASS prepared satisfaction questionnaires for all education-related target groups from basic to adult continuing education. The questionnaires are tested in 2016 and 2017 and will be fully taken into use in 2018.
Laboratory assistant Martin Tootsi in the Genome Centre’s biorepository
The University of Tartu Rector Volli Kalm and Chairman of the Board of Swedbank Eesti Robert Kitt signed a framework agreement which lays down the goals for long-term coopera-tion in the area of economics, IT and mathematics.
Research publications by UT members, incl. the number of high-level research publications in 2012–2016. Source: ETIS
2,744 2,879 2,870 2,644 2,6761,810 1,957 1,958 1,857 1,909
2012 2013 2014 2015 2016
number of publicationsincl. number of high‐level publications
Number of high-level publications per academic staff member in UT faculties
in 2016 (key performance indicator)
1.3 1.1 1.11.7
HV SV MV LT
26
According to the Estonian Research Information System (ETIS), UT members published 2,676 research publications in 2016 and 1,909 of these were high-level publications, incl. 1,358 ETIS category 1.1 publications.
The average number of high-level publications published per academic staff member (FTE) was 1.3.
In the world’s leading research information database Web of Science Core Collection, 1,294 publications related to the University of Tartu were indexed in 2016, which have already been cited 1,351 times. Most of these were in the field of ecology, technology and physics. The Scopus database includes 1,116 UT-related publications, cited 1,267 times. Most were in the field of medicine, biochemistry, genetics, molecular biology and social sciences. In both databases the h-index of the UT’s publications in 2016 was 12.
According to ESI (Essential Science Indicators), which is standardised by fields of study but does not include the humanities and focuses only on the 1% of the world’s most successful publications, the University of Tartu continues to be the most successful research and development institution in Estonia by the number of publications and citations, in the majority of research fields in ESI.
Field division of fractionated publications by authors from Estonia and the UT among the 1% of most cited publications in the Web of Science database in 2006–2016
molecular biology and
genetics
environ- mental
science and ecolog
plant and
animal sciences
clinical medicine chemistry
biology and bio-
chemistry
neuro- and
behavioral science
psychiatry and
psychology
general social
sciencesall fields
total number of Estonian publications 657 1,194 1,519 1,403 1,380 680 426 414 1,279 15,182
percentage of UT publications 81% 59% 57% 65% 61% 63% 84% 76% 62% 56%
total number of UT publications 535 702 866 915 845 430 362 316 789 8,543
division of UT publications by field of study
6% 8% 10% 11% 10% 5% 4% 4% 9%
Most cited fields of research at the University of Tartu as of January 2017 (according to Essential Science Indicators)
field publications citations citation index
clinical medicine 915 12,730 13.9plant and animal sciences 866 13,725 15.9chemistry 845 10,332 12.2
general social sciences 789 3,363 4.3environmental science and ecology 702 15,388 21.9molecular biology and genetics 535 53,518 44.0biology and biochemistry 430 8,266 19.2neuro- and behavioral science 362 5,774 16.0psychiatry and psychology 316 4,362 13.8all fields 8,543 124,427 14.6
Publications
→ ut.ee/et/statistika/teadus
1,554 1,593 1,633 1,752 1,587
33,730 31,219 32,46437,160
44,799
0
10,0
20,0
30,0
40,0
0
0
0
0
0
0
2012 2013 2014 2015 2016
number of courses number of participants
UT continuing education courses and number of participants in 2012–2016 (key performance indicator)
SV17,059
support units9,437
LT5,868
institutions5,182
HV4,018
MV3,235
Number of participants in UT continuing education courses by structural units that organised courses in 2016
less than 100100–500500–10001,000–5,0005,000–10,000more than 10,000
Ida‐Virumaa
4,386
Lääne‐Virumaa
283
Harjumaa6,011
Jõgevamaa
270
Järvamaa
339Raplamaa
176
Tartumaa14,383
Põlvamaa171Valgamaa
358
Viljandimaa1,309
Pärnumaa3,431
Läänemaa129
Saaremaa685
Hiiumaa
14
Võrumaa219
Participation in UT continuing education courses by counties in 2016 (excl. abroad, online and distance courses)
27
CONTRIBUTION TO SOCIETYContinuing education
A2020 objective: the university provides various target groups with flexible learning opportunities in both degree studies and continuing education
Courses were ordered from the university in 2016 by educational institutions, governmental agencies and institutions, public entities, professional associations, and companies, e.g. Tax and Customs Board, Estonian Health Insurance Fund, Police and Border Guard Board, Defence League, Information System Authority, Prosecutor’s Office, Financial Supervision Office, National Institute for Health Development, Estonian Red Cross, Chamber of Bailiffs and Trustees in Bankruptcy, Chamber of Notaries, Estonian Newspaper Association, Ensto Ensek AS, Eesti Meedia AS, Finnair, Swedbank etc.
In total, 61 courses with 5,249 participants took place in UT University for Senior Citizens in 2016. In Tallinn, courses were conducted both in Estonian and in Russian. In Tallinn and Tartu, the University for Senior Citizens also offered English, German and Finnish language courses, in Pärnu study tours and workshops were organised.
In 2016, 44,799 learners participated in the continuing education courses of the University of Tartu
There were 48 international continuing education courses with 2,952 participants (incl. eight MOOCs). 15 such programmes were made to order (296 registered participants) for UT’s partner universities and institutions from the USA, Japan and Denmark. International Summer University continued its operation.
A2020 objective: the university contributes to the designing of Estonian regional policy by strengthening the colleges in Viljandi, Narva and Pärnu as centres of regional development and cooperation
Continuing education certificates are now also issued electronically, with the digital seal of UT. The procedure for issuing continuing education certificates has changed. If during the course the acquisition of learning outcomes was assessed and the learner obtained all the prescribed learning outcomes, a certificate is issued to the learner. If there was no assessment or the learner did not acquire all learning outcomes, a document certifying the completion of the course is issued.
In accordance with the aim of the strategic plan, continuing education was successfully provided outside Tartu as well. Apart from Tartu County, the counties of Harju, Ida-Viru, Pärnu and Viljandi stood out with the highest participation rate. In these regions, the university has a college or an office.
The importance of e-learning courses in continuing education increased. 374 programmes (27% of all continuing education courses) were either partly or fully online or distance courses, with 16,452 participants (37% of all participants in continuing education courses).
Compared to 2015, the number of courses decreased 9%, but the number of participants increased by 21%. Income from continuing education increased 9% in a year, exceeding 4.7 million euros.
UT55%
EULS7%
otherHEs11%
other27%
Distribution of the Library users by universities in 2016
28
In autumn 2016, the library started to use a new techno-logy-based borrowing and returning system, for which security elements were inserted in nearly 220,000 books. The new technology allows to detect the movement of a book from a distance, get rid of narrow security gates, make an inventory without removing books from the shelves and easily locate misplaced books.
The University of Tartu Museum provided services to 79,559 visitors in 2016. In the museum’s educational programmes an all-time record of 10,290 pupils participated, although the historic cathedral was closed for renovation for the first four months of the year.
After the renovation, the annual exhibition “Measuring the World” was opened, also the UT Treasury and the exciting Crazy Scientist’s office with new attractive hands-on exhibits and environments were reopened.
UT’s historical architectural ensemble was awarded the European Heritage Label. The historic buildings with parks and collections embody the idea of a university of the Enlightenment and reflect the traditions of European education, as well as represent one of the best-preserved university complexes of that period in Europe.
UT Natural History Museum and Botanical Garden offered exhibitions and educational services to 180,255 people in 2016. There were 670 study programmes with 11,735 participants, nearly twice as many as last year.
In 2016, the new permanent exhibition of the Natural History Museum “Earth. Life. Story” was opened, which attracted 59,681 visitors. The new exhibition won the approval of visitors and the recognition of experts, incl.:
• Universal design award of the Estonian Union of People with Mobility Impairment;
• Estonian science communication 2nd prize “Best new science and technology communication initiative;
• Annual award of the Estonian Association of Interior Architects “Best museum/exhibition”.
The museum’s and Botanical Garden’s geological, zoological, botanical and mycological collections underwent the regular evaluation of research collections in 2016.
Sharing knowledgeA2020 objective: the university intensifies cooperation with schools to generate scientific interest in pupils
and to involve talented pupils in research
By the end of 2016, UT Library had 54,648 registered users. Students made up 67% of the total number of readers. In summer 2016, long-term reconstruction works started in the library, so the library was closed since July.
From January to June, 111,573 visits were made to the main building of the library and during the year, 16,722,040 online visits. By the end of 2016, access to 121 online databases had been created via the library.
In 2015/2016, 1,866 pupils participated in the 42 courses of the UT Youth Academy. As many as 1,196 learners received a certificate for full completion of the course. In 2016/2017, 1,776 pupils started studies in 38 courses. In addition, 1,020 students participate in the programme of chemistry, biology and physics workshops.
Youth Academy coordinated the visits of 21 schools to UT and sent UT teaching and research staff to give lectures in schools on 120 occasions.
In 2016, the EU Science Olympiad was held in Tartu, and as a follow-up, Youth Academy develops and organises
a practical study course integrating natural and exact sciences, incl. e-courses supporting experimental study for basic school and gymnasium students. In addition to Olympiads, Youth Academy organised competitions in mathematics, computer science, chemistry, physics (in total 893 participants).
→ teaduskool.ut.ee
A2020 objectives: the university supports the development of memory institutions of the university and the research and preservation of national cultural assets and heritage
→ instagram.com/tartuuniversity
→ utlib.ut.ee
→ natmuseum.ut.ee → botaanikaaed.ut.ee
→ muuseum.ut.ee
In the Golden Apple 2016 competition organised by Archimedes Foundation, UT researchers won the first prize for the best smart solution in education for creating the UT science-promoting Instagram account.
During the Researchers’ Night Festival, children crafted objects inspired by Ancient Egypt and pyramids in the UT Art Museum
29
Feedback from societyNational research awards are issued by the Government to Estonian researchers and research groups for outstanding research work in eight fields of research.
Research award for long-term research and development achievements was given to mechanics researcher, Professor Emeritus Ülo Lepik of UT Faculty of Science and Technology.
In medicine, Professor in Pathophysiology Sulev Kõks and Professor in Dermatology and Venereology Külli Kingo received the awards. In their works, introduction of modern genetic methods is combined with application of research results in clinical practice.
The award in geology and biology was given to the Chair of Plant Ecology research group, which includes head of the group, Professor of Plant Ecology, Academician Martin Zobel, Research Fellow in Ecology John Davison, Senior Research Fellows in Plant Ecology Mari Moora and Maarja Öpik. The research group was recognised for their work on factors affecting the diversity and mutual interactions of plant and fungal communities, which observed aspects that have never been dealt with by the so-called classical ecology of plant communities.
In agricultural science, Associate Professor in Applied Ecology Arne Sellin was awarded. His research reveals the previously unknown impacts of climate change on our forests, trees’ water exchange, growth and the condition of forest ecosystems.
Professor of Estonian Contemporary History, Academician Tõnu Tannberg was recognised in the humanities. His military history research, based on his work in the archives of Russia and Estonia, cover two important periods for Estonia: the turn of the 19th century and the First World War.
In December, the Estonian Academy of Sciences elected three new academicians, two of whom are academic staff members of the University of Tartu.
Professor of Cardiology Jaan Eha has studied the causes and possible treatment of myocardial infarction, and raised a new generation of Estonian cardiologists.
Jaan Eha was also awarded the title Honorary Citizen of Tartu in 2016.
Sulev Kõks
Martin Zobel
Mari Moora
Arne Sellin
Jaan Eha
Ülo Lepik
Külli Kingo
John Davison
Maarja Öpik
Tõnu Tannberg
30
Also Anu Raud, long-term lecturer of the Estonian Academy of Arts and Viljandi Culture Academy, who has studied Estonian folk art heritage all her life and used the obtained knowledge in her work as a teacher, tapestry artist, author, founder of a museum and farmer, was elected an academician.
The Estonian Academy of Sciences elected three new research professors for the next three years. One of the nominated research professors is from UT Institute of Physics, Lead Research Fellow of Materials Science Kaupo Kukli.
Before the 98th anniversary of the Republic of Estonia, President Toomas Hendrik Ilves awarded decorations for services rendered to Estonia to 99 people, including four UT-related persons.
Order of Merit of the White Star, III class was awarded to Professor of Electron Spectroscopy, Academician Ergo Nõmmiste. His research in the UT Institute of Physics may result in the creation of new super cells and nano-materials in the near future.
Order of Merit of the White Star, IV class was given to Professor of Personality and Social Psychology Anu Realo, researcher of fish populations of the Baltic Sea Toomas Saat and Professor of Liberal Arts, poetess and author Kristiina Ehin.
In the 2016 Estonian National Contest for University Students, 49 UT students were recognised. The first prize was awarded to Mari Tõrv for her doctoral thesis on the mortuary practices and primary identities of Neolithic hunters-gatherers in Estonia.
In 2016, President Toomas Hendrik Ilves awarded two Young Scientist Awards. The prize was given to UT mycologist Leho Tedersoo and media and communication researcher Andra Siibak.
The title Woman Researcher of the Year, issued for the first time by the Estonian Association of University Women, was granted to Külli Kingo, Professor in Dermatology and Venereology. Research Fellow of the Chair of Bioinformatics Triinu Kõressaar received the title of Young Woman Researcher.
Anu Raud
Anu Realo
Kristina Ehin
Ergo Nõmmiste
Toomas Saat
Mari Tõrv Leho Tedersoo
Andra Siibak
Kaupo Kukli
Triinu Kõressaar
31
The European Academy of Humanities, Letters, and Sciences Academia Europea elected UT Professor of Literary Theory Marina Grišakova, Professor of Contemporary Estonian Language Helle Metslang and Professor of Comparative Literature Jüri Talvet members of Academia Europea, recognising their international research work and significant contribution to European science.
On Gustavus Adolphus Day and anniversary of founding of the University of Tartu, the ambassador of Sweden to Estonia, following the decision of His Majesty Carl XVI Gustav, gave the 1st class Order of the Polar Star to UT teacher of Swedish Tiina Mullamaa.
Professor emeritus at the UT Johan Skytte Institute of Political Studies Rein Taagepera received the prestigious Karl Deutsch Award from the International Political Science Association (IPSA).
In 2016, the University of Tartu award for contribution to Estonian national identity was granted to Andres Sööt, film director and cinematographer, who has awakened and perpetuated the historical and cultural memory of Estonians and recorded Estonian architecture and art. Evaluating Andres Sööt’s major creative contribution, the award committee highly appreciated the visual qualities and consistency of his long-term creative work.
The University of Tartu is the only classical university in Estonia and is both an international research university as well as the Estonian national university. The responsibility of the UT as a national university is to advance disciplines that investigate Estonia and its people, to promote Estonian-language education and to preserve the national cultural heritage in possession of the UT to preserve and develop the Estonian culture and language.
In 2012, ten national sciences professorships were established at the UT to perform this task. In 2016, a targeted evaluation of professorships in research areas of national significance was conducted. The evaluation report confirmed that research in history and archaeology, cultural studies and philology and linguistics in the ten government-supported professorships is on a high level, activity support has contributed to increasing the number of young researchers and linking the national sciences and the society.
A2020 objective: the university ensures the competitive level of the development of national sciences
Rein Taagepera
Marina Grišakova
Tiina MullamaaJüri Talvet
Andres Sööt
Helle Metslang
In 2016, the position of Visiting Professor of Liberal Arts at the University of Tartu was taken up by writer and semiotician Valdur Mikita, who is one of the most unique authors and essayists in modern Estonian literature.
professor194
associateprofessor
211
lector, senior assistant
376
assistant, teacher226
senior/lead research fellow
299
research fellow428
junior research fellow95
womenmen
Gender ratio of academic employees by positions in 2016
Number of academic and support staff members (FTE) and their division by faculties
in 2016
support staff
350(43%)
165(20%)
118(14%)
189(23%)
HV
SV
MV
LT
academic staff
582(42%)
266(19%)
279(20%)
260(19%)
HV
SV
MV
LT
1,646 1,423
2012 2016
‐14%
Number of support staff members (FTE) in 2012 and 2016
3,161 3,080 2,825
2012 2013 2014 2015 2016
‐11%
Number of employees (FTE) of the University of Tartu in 2012–2016
Number of employees (FTA) of the University of Tartu in 2016
50%
academic (1402)non‐academic (1423)
2,825employees
(FTE)
819 1,008 1,718
research staff teaching staff otherNumber of academic and support staff members in the University of Tartu in 2016
8%
international staff (140)
1,763academic employees
Share of international teaching and research staff in all academic staff in 2016
32
There were 1,216 academic staff members with a PhD at UT. The requirement to have a PhD or a corresponding qualification applies to professors, associate professors, lead research fellows and senior research fellows in the university, and will also be extended to lecturers as of 2018.
In 2016, 31 professors were elected, eight of whom assumed the position for the first time. Ten of the professors elected in 2016 are women. At the end of 2016, the UT had 194 professors, incl. 44 women (23%).
58% of non-academic employees were working in faculties and colleges, 26% in the support structure and 16% in other UT institutions.
→ ut.ee/et/statistika/personal
1,763 persons worked in academic positions (50% of the staff).
ORGANISATIONEmployees
140 of them held an academic position. International teaching and research staff members made up nearly 8% of the total UT academic staff. The largest number of them (42 persons) worked as research fellows. 17 foreigners were employed as professors (9% of all professors).
175 foreign nationals from 41 countries worked in the University of Tartu
3,447 people worked for the university at the end of 2016
69% the academic staff holds
a PhD degree
0
500
1,000
1,500
2,000
2,500
3,000
3,500
professor associate professor
lecturer,senior
assistant
assistant,teacher
seniorresearchfellow
researchfellow
juniorresearchfellow
non‐academic staff
university average HV SV MV LT
Average salary of UT employees in 2016 (euros) by positions and faculties
33
Average gross monthly salary increased by 4.4% in a year. In 2016, the gross salary rise was the quickest among support staff (5.8%), followed by teaching staff (3.9%) and research staff (2.7%). By positions of academic staff, the salary increase was the largest for assistants and teachers (8.3%), lecturers (6.5%) and associate professors (5,3%). In academic positions, women’s salary was 3–8% lower than men’s; the gender pay gap has decreased compared to 2015.
1,467 euros was the average gross monthly salary of UT employees
A2020 objective: the university supports the constant improvement of specialised and professional knowledge and skills of employees, including the development of the managerial skills of managers
As of September 2016, the Centre for Professional Development operates in the University of Tartu, aiming to support the employees’ professional development.
In 2016, 303 current or future leaders participated in 32 training courses for development of professional leadership. Since 2014, the number of management trainings and participants has increased steadily. When organizing the training courses, employees’ feedback, important topics raised by the leaders and objectives of the Strategic Plan have been taken into account.
At the forefront are psychological management topics like work relations, conflict management, conducting difficult conversations and development appraisals, but also
developing financial management skills.
In 2016, 41 university employees, incl. 30 managers participated in the mentorship and coaching programme designed to advance professional leadership. In 2016, 16 employees completed the coach training programme and can be mentors or coaches to other employees in future. In addition, co-vision groups of leaders and developers were launched with 15 participants (incl. eight leaders).
109 academic employees participated in in-service training programmes for academic English (teaching in English, academic communication, writing research articles etc.).
University employees actively used the Erasmus+ staff training and academic staff mobility programmes. In 2016, 55 faculty members held lectures and 81 participated in trainings in universities abroad. Most of all, they went to Germany, Finland, France and Sweden.
Training courses for employees
A2020 objective: the university values the high-level Estonian language skills of its employees and students and supports foreign employees and students upon studying Estonian language and cultural history
In 2016, nine events for international staff and their family members were organised (guided trips to introduce Estonian culture, sports day, tours and trips), which had 128 participants.
41 international staff members and 14 family members used the opportunity to learn the Estonian language and to learn more about Estonian culture.
Traditional welcome seminars for new international staff members took place at the beginning of the autumn and spring semester, introducing the structure, organisation of work and academic practice in the University of Tartu. The autumn seminar was followed by the rector’s reception in the UT Art Museum.
Dorpater Dozentenabend, the series of monthly club meetings, offered international research and teaching staff members an opportunity to communicate and exchange thoughts and ideas.
A2020 objective: the university plays an important role in transforming Tartu into an international learning, working and living environment
In 2015, a new series of seminars “Tartu—Rich in Culture” was launched for university members and townspeople, where international staff and students introduce the culture, nature and customs of their country. In the culture evenings in 2016, the culture of Latvia, Pakistan, Georgia, Estonia and Hungary was introduced. 394 people participated in the events.
Pakistani culture evening in Tartu
34
To improve the work environment, management, work of support units and availability of services, the university organises annual surveys on the work environment and work of support units since 2011. In 2016, the number of respondents to the survey was record high: 41% of all UT employees.
Above all, the university members are satisfied that their job is interesting – 98.7% of respondents said so. Also, they were proud to work for the University of Tartu (93.7% of respondents). Even the structural reform, implemented at the beginning of the year, did not affect the employees’ satisfaction with their work environment. The survey
also refers to areas that need development. Most often, employees are dissatisfied with their salary – every third UT employee (34.4%) considered their salary unfair. Every fifth employee thought they did not receive enough feedback about their work (20.3%), their good work was not noticed (21.6%) and work did not allow enough time for personal life (22.5%).
Responses to governance questions show, however, that governance has slightly improved in the university over the years. Satisfaction with the work of support units continues to be very high.
For the first time, the job satisfaction surveys were conducted on a platform programmed by the UT Information Technology Office.
Work environment
Staff satisfaction with the work of the support units (share of respondents who strongly, generally or slightly agreed with the statement)
2013 2014 2015 2016appropriateness of communication 95.6% 93.0% 96.2% 94.8%availability of services 93.5% 93.9% 95.2% 93.5%adherence to agreements 90.8% 93.8% 96.3% 94.6%obtaining solution to problem 89.9% 92.2% 92.5% 92.5%proceeding from university’s objectives 85.2% 85.7% 91.5% 91.9%competence of initiatives 84.2% 85.6% 89.6% 85.6%overall satisfaction with work of units 90.9% 90.1% 92.4% 92.9%
94.2% employees are satisfied with work in the university
A2020 objective: the university supports the development of the teaching and instructing skills of academic staff and the learning skills of students
The University of Tartu supports the development of teaching and supervision skills with training and through communities of practice of collegial feedback. Collegial feedback communities discuss various teaching-related activities, for example assessment, involvement of students, feedback, preparation of teaching materials etc. Reciprocal observation of teaching and its analysis have an important role in the process.
In the spring semester of 2016, there were nine communities of practice (118 participants) at the university, and seven in the autumn semester (85 participants). In addition, the awardees of the UT good teaching grant held meetings all through the year.
More than 100 teaching staff members successfully completed continuing education courses for the development of teaching skills (e-learning, problem-based learning, supervision of students, active learning methods, assessment and feedback, creating a course in the Moodle environment, etc.). 37 lecturers completed the base training course for lecturers “Learning and Teaching in Higher Education”.
In 2016 the focus was on the training of supervisors of student papers. In August, a summer academy for master’s thesis supervisors (taught by Olga Dysthe and Gry Heggli from the University of Oslo) was held and in October, a course for supervisors of student papers started in cooperation with the Institute of Education, lasting until April 2017.
In 2016, UT teaching staff members were able for the second time to apply for good teaching grants. Three teaching staff members were elected from each faculty, to conduct research on their teaching and introduce the results. The community of recipients of the grant meets to discuss research topics, methods and results.
In 2016, the senate approved the good practice of teaching of the university. Input for these principles were ideas gathered from the communities of practice and discussions in different institutes, which were elaborated and supplemented at the conference “From lecturer to lecturer 2016: best practice in teaching”, where more than 200 teaching staff members participated.
The good practice of teaching expresses the lecturers’ common understanding that excellent teaching is learning-centred and based on science and cooperation, leads to self-analysis, supports the learner’s development and inspires creativity and entrepreneurship.
4 January
23 February
25 February
1 May
24 May
29 August
27 September
22 September
1 December
17 November
35
Events for university employees
Rector’s New Year’s reception for UT employees in the AHHAA science centre
Ceremony and concert dedicated to the 98th anniversary of the Republic of Estonia in the assembly hall. UT awards ceremony
Winter sports day of UT employees and their family members in Kääriku Sports Centre
Family event “Crazy Scientist returns from a trip!”
Rector’s appreciation event for retired employees
Opening ceremony of the academic year
UT Memorial Day in Raadi cemetery
Academic Heritage Day for university staff Celebration of the 97th anniversary of the national university
Rector’s reception for international staff
29 January
10 March
15–16 April
11 May
27 April
26 May
June–August
8 September
7–8 September
17–18 April
20–26 March 4–11 April
36
International cooperation
In March and April in the course of the Prime Minister’s state visits, Rector Volli Kalm visited universities in the USA and Japan.
Rector Professor Jukka Kola and the delega-tion of the University of Helsinki visited the
University of Tartu and the SMEAR research station at Järvselja, opened in the framework
of the Estonian research roadmap object “Estonian Environmental Observatory”.
Administration of the University of Turku and representatives of the university foundation,
led by Rector Professor Kalervo Väänänen, visited the University of Tartu. Ideas for
renewal of Estonian higher education and research were introduced to the guests.
A total of 369 students from 48 countries participated in the programmes and courses
of UT International Summer University.
UT Asian Centre was opened, which brings together Asian expertise, shares its experience and uses contacts of international cooperation networks to help the private and the public sector in Asian issues.
Coordinators of the European Space Agency’s (ESA) space science and robotic explorations
Professor Alvaro Giménez Cañete and Dr Fabio Favata visited the university to discuss the future of Europe’s new space
missions.
Diplomatic representatives of several foreign countries attended the opening event of
the UT College of Foreign Languages and Cultures. The Ambassador of Spain H.E. Mr. Fernando García Casas signed cooperation
memorandum between the university and the Ministry of Foreign Affairs of Spain.
During the Lithuanian Days, the Ambassador of Lithuania H.E. Mr. Neilas Tankevičius opened the photo exhibition “To Freedom. 1988–1991” by Vytautas Daraškevičius.
During his official visit to Estonia, Cardinal Pietro Parolin, Vatican Secretary of State gave
a public lecture in the assembly hall of the university “The diplomatic activity of the Holy See at the service of peace”. The visit marked the 25th anniversary of reinstating the diplo-
matic relations between Estonia and the Holy See.
Ambassador of Georgia H.E. Tea Akhvlediani visited the university and opened an exhibi-tion introducing the Georgian alphabet in the College of Foreign Languages and Cultures during the Georgian Days 26–28 May.
UT delegation led by the rector visited Vilnius University, where the University of Tartu day was held with meetings and public lectures in faculties. On the same day, also the traditional meeting of the rectors of the three leading universities of the Baltic countries – universities of Vilnius, Tartu and Latvia – took place.
21 September
28–29 September
5–7 October
18 October
27 October
29 October – 3 November
21–22 November
37
DelegationsDuring the year 2016, official delegations of the universities of Uppsala, Turku, Kanagawa, Lviv, Pskov, Hanoi Medical Universiry and University of Shanghai for Science and Technology visited UT.
AmbassadorsIn 2016, the ambassadors of Spain, Iran, USA, Lithuania, Germany, Japan, Georgia, Turkey, Belgium, Brazil, Italy, Korea, France and Taiwan paid their traditional visit to UT.
Cooperation agreementsIn 2016, UT considerably expanded its cooperation, signing a bilateral cooperation agreement with six universities:
• Catholic University of Leuven in Belgium, • Gakushuin University in Japan, • Kanagawa University in Japan, • Beijing International University of Studies in China, • University of Technology, Malaysia, • Taras Shevchenko National University of Kyiv. Granö lectures
The lecture series named after J. G. Granö, titled “Finnish professors at the University of Tartu” continued. In this series, UT faculties in cooperation with the Finnish Institute and Embassy of Finland can invite top scientists to give public lectures and seminars for experts. In 2016, two lectures were delivered: presentation by professor of comparative literature of the University of Turku Liisa Steinby “The emergence of the modern subjectivity in the eighteenth-century novel” and lecture by professor of Helsinki Theatre Academy and director Esa Kirkkopelto “On the pedagogical theatre of Finnish theatrical director and controversialist Jouko Turkka”.
Cooperation networksThe university joined the cooperation network The Guild of European Research-Intensive Universities (The Guild). Also, the League of European Research Universities (LERU) invited UT to become the East European partner of the network of Europe’s leading universities.
The conference organised under the aegis of the German-Estonian Academic Week Academica, supported by the Federation of Employers’ Association of North Rhine-Westphalia “The University Landscape in the Light of Enlightenment”, brought outstanding art historians and theorists from the world’s top universities to Tartu.
Ambassador of Turkey H.E. Ms Hayriye Kumaşҫioğlu visited the university and opened
the photography exhibition “Turkey” during the Turkish Days organised in the UT College
of Foreign Languages and Cultures. Head of the Taipei Mission in the Republic of Latvia, Ambassador H.E. Mr Wu Rong-chuan opened the exhibition “Civilisation Trail: Chinese book culture through the time” in UT museum. This was one of the events of the month of Taiwan culture.
UT became officially a member of the newly established The Guild of European Research-Intensive Universities. The opening event in Brussels focused on research and innovation policy. The general meeting of rectors of member universities was followed by a symposium of EU research experts “Overcoming Boundaries: Open Science and Open Innovation”, in which one of the speakers was Rector Volli Kalm.
UT Rector Volli Kalm and Vice Rector of the Catholic University of Leuven (Belgium) Danny Pieters invited representatives of 11
Estonian, Latvian, Lithuanian, Finnish and Belgian universities to Tartu to the seminar
“Internationalisation and Own Cultural Identity” to discuss how to preserve national
culture and native languages in an increasingly internationalised higher education landscape.
UT hosted the delegation of Uppsala University led by Rector Professor Eva Åkesson. The universities introduced their plans in research and studies, and shared experiences with admi-nistrative reforms.
UT delegation led by the rector visited the universities of Tbilisi, Ilia and Kutaisi in
Georgia. Academics of the University of Tartu delivered lectures and the Estonian Embassy in Georgia organised a meeting with UT alumni.
38
Cultural activities
Alumni activities
UT alumni reunion in 2016 was the largest ever to take place in Estonia, bringing together nearly 2,000 graduates of the alma mater. The alumni attended lectures delivered by legendary teaching staff, took part in sports competitions, business events, concerts, spent a good time in Estonia’s only university town. The next alumni reunion takes place in 2019, the year of the 100th anniversary of the national university.
Aiming to bring the alumni community closer together, link them more to the university, develop mutual communication and professional cooperation, UT launched the web environment utalumni.ee, which enables members to post events and invitations, announce job and internship offers and find former classmates.
A new UT alumni badge was created and is given to all those who graduated 2016 or later. The badge was inspired by the lithograph “Bygone Times” (1972) by former UT student and a well-known Estonian artist Endel Kõks, and depicts the author’s world travels and intellectual contribution to Estonian art and culture.
UT Folk Art Ensemble’s young women’s group in the central park of Chișinău, Moldova at “Întâlniri Bucovinene” folklore festival
Brass orchestra “Popsid” on tour in West Estonia. Concert in
Kuressaare central square
Tartu Academic Male Voice Choir celebrating the 80th birthday of maestro Alo Ritsing
UT Academic Women’s Choir performing at a seminar of
European Heritage Days at Hellenurme watermill
University of Tartu Symphony Orchestra performing on Tartu City Day
MTÜ Tartu Ülikooli Akadeemiline Spordiklubi (100%)
OÜ Tartu Ülikooli Kirjastus (100%)
OÜ Tartu Ülikooli Kesklinna Apteek (100%)
OÜ Eesti Nanotehnoloogiate Arenduskeskuse AS (23.8%)
OÜ Tervisliku Piima Biotehnoloogiate Arenduskeskus (20%)
MTÜ Tartu Üliõpilasmaja(100%)
MTÜ Tartu Üliõpilasküla(100%)
Academus Hostel OÜ(100%)
UNIVERSITY OF TARTU
E‐Kyla Arendus OÜ(33.3%)
39
The consolidation group of the UT consists of the university and nine other legal entities. In 2016, Eesti Nanotehnoloogiate Arenduskeskuse AS was liquidated and the liquidation process of OÜ Tartu Ülikooli Kesklinna Apteek was started. The total operating revenue of the group amounted to 138.0 million euros in 2016.
Main indicators of the field and volume of activity of the legal entities in the consolidation group
legal person in public law field of activityoperating
revenuetotal net gain/loss
balance sheet total net assets
(in thousands of euros)
University of Tartu higher education, research 133,361 -9,244 279,532 243,799
OÜ Tartu Ülikooli Kesklinna Apteek sale of medicines 448 -112 78 75
OÜ Tartu Ülikooli Kirjastus publishing 430 15 347 286
Academus Hostel OÜ accommodation 378 37 208 204
E-Kyla Arendus OÜsoftware development for student residences
24 0 65 58
OÜ Tervisliku Piima Biotehnoloogiate Arenduskeskus
research in natural sciences 1,342 8 491 256
Eesti Nanotehnoloogiate Arenduskeskuse AS nanotechnological research 1 -32 0 0
MTÜ Tartu Üliõpilasküla student accommodation 3,235 27 1,099 662
MTÜ Tartu Ülikooli Akadeemiline Spordiklubi students’ sports activities 2,955 -62 365 152
MTÜ Tartu Üliõpilasmaja students’ cultural activities 384 -20 209 190
University of Tartu group 137,989 -9,382 281,803 245,383
The university has concentrated its fiscal policy in four directions:
• diversifying and focusing revenue,• implementing austerity measures,• consistent management of the policy for covering indirect costs,• improving the efficiency of financial management on all administrative levels.
In 2016, the university achieved the goals set in the university’s financial strategy:
• cash flow from economic activities is positive – actual +8,131,291 euros,• share of university’s net assets in balance sheet is at least 75% – actual 87.1%,• loan burden is less than 25% of annual revenue – actual 9.7%.
Financial activitiesOBJECTIVE: the university considers financial sustainability when making choices
40
Main investments in 2016• The renovation of the library started (estimated cost 9.5
million euros).• The renovation of the UT Museum was completed (cost
0.75 million euros).• Preparations for the construction of the IT centre Delta
started (estimated cost of the centre is 30 million euros, an architecture competition was organised and designing started in 2016).
• The designing of the extension to the Ujula 4 sports building started.
Main investments in 2017• The construction of Delta building starts. • The construction of the Ujula 4 extension starts
(estimated cost 6.5 million euros).• The renovation of the library continues.• The construction of the Narva College student residence
starts (estimated cost 3.4 million euros). • The renovation of the Nooruse 7 residence hall starts
(estimated cost 1.0 million euros).• The renovation of Biomeedikum (the vivarium is rebuilt
for teaching, the façade is renovated and utilities are modernised, estimated cost 1.3 million euros).
Main indicators (consolidated)
FINANCIAL INDICATORS (in thousands of euros) 2012 2013 2014 2015 2016
Operating revenue 154,633 173,866 158,487 161,895 137,989Operating expenses 142,967 153,685 150,714 157,890 147,306Financial revenue and expenses -309 -148 -162 -135 -59
Annual total net gain/loss 11,353 20,027 7,605 3,864 -9,382
Balance sheet total 263,711 284,995 291,846 290,866 281,803
Current assets 38,730 46,226 50,046 48,897 51,390
Fixed assets 224,982 238,769 241,800 241,969 230,413
Current liabilities 24,264 28,507 29,214 27,299 25,968
Long-term liabilities 16,178 13,192 11,731 8,802 10,452
Net assets 223,269 243,296 250,901 254,765 245,383
Loans from banks 19,378 16,171 14,760 11,730 13,352
RATIOS 2012 2013 2014 2015 2016
Operating expenses/operating revenue 93% 88% 95% 98% 107%
Loans/operating revenue 13% 9% 9% 7% 10%
Current assets/current liabilities 160% 162% 171% 179% 198%
Fixed assets/balance sheet total 85% 84% 83% 83% 82%
Loans/balance sheet total 7% 6% 5% 4% 5%
Net assets/balance sheet total 85% 85% 86% 88% 87%
OBJECTIVE: the university develops infrastructure, following the principle of ensuring the quality of study and research and optimal use of resources
The University of Tartu Museum in the cathedral has been modernised and made compliant with the requirements of the Rescue Board. The museum was reopened to visitors in spring 2016.
University of Tartu
Consolidated
financial
statements
2016
CONTENTS OF CONSOLIDATED FINANCIAL STATEMENTS
CONSOLIDATED STATEMENT OF FINANCIAL POSITION 44
CONSOLIDATED STATEMENT OF FINANCIAL PERFORMANCE 45
CONSOLIDATED STATEMENT OF CASH FLOWS 46
CONSOLIDATED STATEMENT OF CHANGES IN NET ASSETS 47
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 48
NOTE 1. SIGNIFICANT ACCOUNTING POLICIES 48
NOTE 2. SUBSIDIARIES OF THE GROUP 58
NOTE 3. CASH AND CASH EQUIVALENTS 59
NOTE 4. RECEIVABLES AND PREPAYMENTS 59
NOTE 5. GRANTS RECEIVABLE 60
NOTE 6. INVENTORIES 61
NOTE 7. INVESTMENTS IN ASSOCIATES 61
NOTE 8. INVESTMENT PROPERTY 62
NOTE 9. PROPERTY, PLANT AND EQUIPMENT 63
NOTE 10. INTANGIBLE ASSETS 64
NOTE 11. BORROWINGS 64
NOTE 12. FINANCE AND OPERATING LEASES 65
NOTE 13. LOANS AND ASSETS PLEDGED AS LOAN COLLATERAL 66
NOTE 14. PAYABLES AND DEFERRED INCOME 67
NOTE 15. DEFERRED GRANT AND CO-FINANCING INCOME 68
NOTE 16. PROVISIONS 68
NOTE 17. REVENUE FROM SALE OF GOODS AND PROVISION OF SERVICES 69
NOTE 18. STATE BUDGET FUNDING FOR EDUCATION ACTIVITIES 69
NOTE 19. STATE BUDGET FUNDING FOR RESEARCH ACTIVITIES 69
NOTE 20. GRANTS RELATED TO ASSETS 70
NOTE 21. GRANTS RELATED TO INCOME 71
NOTE 22. OTHER INCOME 71
NOTE 23. GOODS, MATERIALS AND SERVICES USED 71
NOTE 24. OPERATING EXPENSES 72
NOTE 25. STAFF COSTS 72
NOTE 26. DEPRECIATION, AMORTISATION AND IMPAIRMENT LOSSES 72
NOTE 27. LOSS ON WRITE-OFF OF PROPERTY, PLANT AND EQUIPMENT AND INTANGIBLE ASSETS 73
NOTE 28. OTHER EXPENSES 73
NOTE 29. RELATED PARTY DISCLOSURES 74
NOTE 30. CONTINGENT ASSETS AND LIABILITIES 76
NOTE 31. ASSETS ACCOUNTED FOR OFF THE STATEMENT OF FINANCIAL POSITION 77
NOTE 32. EFFECTS OF THE CHANGE IN PRESENTATION 78
NOTE 33. EVENTS AFTER THE REPORTING PERIOD 80
NOTE 34. SEPARATE PRIMARY FINANCIAL STATEMENTS OF THE UNIVERSITY OF TARTU 81
INDEPENDENT AUDITOR’S REPORT 85
SIGNATURES TO ANNUAL REPORT 2016 87
44
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
(In thousands of euros)
As at 31 December Note 2016 2015
ASSETS
Current assets
Cash and cash equivalents 3 35,957 24,834
Receivables and prepayments 4 15,239 23,810
Inventories 6 194 253
Total current assets 51,390 48,897
Non-current assets
Investments in associates 7 70 77
Investments in financial assets 2 2
Receivables and prepayments 5 7
Investment property 8 1,559 1,608
Property, plant and equipment 9 226,396 237,895
Intangible assets 10 2,381 2,380
Total non-current assets 230,413 241,969
TOTAL ASSETS 281,803 290,866
LIABILITIES AND NET ASSETS
Liabilities
Current liabilities
Borrowings 11 2,910 2,942
Payables and deferred income 14 23,058 23,252
Provisions 16 0 1,105
Total current liabilities 25,968 27,299
Non-current liabilities
Borrowings 11 10,452 8,802
Total non-current liabilities 10,452 8,802
Total liabilities 36,420 36,101
Net assets
Capital of the university 144,182 144,182
Accumulated surpluses 110,583 106,719
Deficit/surplus for the year -9,382 3,864
Total net assets 245,383 254,765
TOTAL LIABILITIES AND NET ASSETS 281,803 290,866
The notes on pages 48 to 84 are an integral part of these consolidated financial statements.
45
CONSOLIDATED STATEMENT OF FINANCIAL PERFORMANCE
(In thousands of euros) Note 2016 2015
Revenue
Revenue from sale of goods and provision of services 17 16,934 18,974
State budget funding for education activities 18 64,356 61,511
State budget funding for research activities 19 25,572 23,018
Grants related to assets 20 28 11,929
Grants related to income 21 29,869 45,905
Other income 22 1,230 558
Total revenue 137,989 161,895
Expenses
Goods, materials and services used 23 -15,921 -16,138
Operating expenses 24 -29,701 -42,074
Scholarships and study grants -8,862 -7,994
Staff costs 25 -76,707 -76,696
Depreciation, amortisation and impairment losses 26 -15,936 -13,126
Other expenses 28 -179 -1,862
Total expenses -147,306 -157,890
Deficit/surplus on operating activities -9,317 4,005
Share of loss of associates 7 -7 -40
Interest income 10 10
Interest expense -62 -105
Deficit/surplus before income tax -9,376 3,870
Income tax expense -6 -6
Deficit/surplus for the year -9,382 3,864
The notes on pages 48 to 84 are an integral part of these consolidated financial statements.
46
CONSOLIDATED STATEMENT OF CASH FLOWS
(In thousands of euros) Note 2016 2015
Cash flows from operating activities
Deficit/surplus on operating activities -9,317 4,005
Adjustments for
Depreciation, amortisation and impairment losses 26 15,936 13,126
Gain on sale of non-current assets 22 -1,110 -5
Non-monetary grants related to assets 20 -145 0
Change in provisions 16, 28 -1,105 522
Gain on change in interest on a non-current receivable 0 -1
Grants related to assets received 20 117 -11,929
Grants related to assets passed through (as an intermediary) -8 1,094
Change in receivables and prepayments 2,836 8,304
Change in inventories 6 59 289
Change in payables and deferred income 937 -1,441
Interest paid -63 -107
Corporate income tax paid -6 -6
Net cash from operating activities 8,131 13,851
Cash flows from investing activities
Paid on acquisition of property, plant and equipment -1,430 -7,080
Proceeds from sale of property, plant and equipment 596 391
Paid for assets under construction -2,733 -5,411
Prepayments made for property, plant and equipment 9 -52 -898
Proceeds from sale of investment property 271 0
Paid on acquisition of intangible assets 10 -274 -110
Prepayments made for intangible assets 10 0 -11
Proceeds from government grants related to assets 5,612 13,714
Government grants related to assets paid (partners) -625 -1,536
Collection of a non-current receivable 2 2
Interest received 8 10
Net cash from/used in investing activities 1,375 -929
Cash flows from financing activities
Proceeds from loans received 13 4,560 0
Repayment of loans received 11, 13 -2,939 -3,030
Payment of finance lease principal 12 -4 -6
Net cash from/used in financing activities 1,617 -3,036
Net cash flow 11,123 9,886
Cash and cash equivalents at beginning of year 3 24,834 14,948
Increase in cash and cash equivalents 3 11,123 9,886
Cash and cash equivalents at end of year 3 35,957 24,834
The notes on pages 48 to 84 are an integral part of these consolidated financial statements.
47
CONSOLIDATED STATEMENT OF CHANGES IN NET ASSETS
(In thousands of euros) Capital of the university
Accumulated surpluses
Surplus/deficit for the year
Total
As at 31 December 2014 144,182 99,114 7,605 250,901
Transfer of surplus to accumulated surpluses 0 7,605 -7,605 0
Surplus for the year 0 0 3,864 3,864
As at 31 December 2015 144,182 106,719 3,864 254,765
Transfer of surplus to accumulated surpluses 0 3,864 -3,864 0
Deficit for the year 0 0 -9,382 -9,382
As at 31 December 2016 144,182 110,583 -9,382 245,383
The notes on pages 48 to 84 are an integral part of these consolidated financial statements.
48
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
NOTE 1. SIGNIFICANT ACCOUNTING POLICIES
1.1. General information
The consolidated financial statements of the University of Tartu as at and for the year ended 31 December 2016 have been prepared in accordance with the Estonian generally accepted accounting principles (the Estonian GAAP). The main requirements of the Estonian GAAP, which is based on internationally recognised accounting and reporting standards, are set out in the Estonian Accounting Act and additional guidance is provided in the Public Sector Financial Accounting and Reporting Guidelines (the General Rules). The consolidated financial statements for 2016 have been prepared on the assumption that the University of Tartu and its subsidiaries are going concerns. At 31 December 2016, the going concern assumption did not apply to OÜ Tartu Ülikooli Kesklinna Apteek, which was in liquidation. The financial year began on 1 January 2016 and ended on 31 December 2016. The consolidated financial statements are presented in thousands of euros. The consolidated financial statements have been prepared on the historical cost basis unless stated otherwise in these accounting policies. The consolidated statement of financial performance has been prepared based on Income Statement Format 1 in Annex 2 to the Accounting Act. Certain account titles in the statements of financial performance and changes in net assets as well as the structure of the statements have been modified to represent the nature of the operations of the University of Tartu group more faithfully. In the consolidated statement of cash flows, cash flows from operating activities are reported using the indirect method. Cash flows from investing and financing activities are reported using the direct method.
1.2. Changes in presentation
On preparing these financial statements, the University of Tartu changed the presentation of its consolidated and separate statements of cash flows by including in cash flows from operating and investing activities line items for grants related to assets. The new presentation, whereby proceeds from grants related to assets are reported using the direct method, reflects cash flows from investing activities more reliably. The comparative information on 2015 has been adjusted retrospectively. The effect of the change in presentation on the line items of the University of Tartu consolidated and separate statements of cash flows for 2015 is disclosed in note 32.
1.3. Preparation of consolidated financial statements
1.3.1. Basis of consolidation
In preparing the consolidated financial statements, the financial statements of the parent and all the subsidiaries under its control are combined line by line. Intra-group balances and intra-group transactions and any resulting unrealised profits are eliminated in preparing the consolidated financial statements. Unrealised losses resulting from intra-group transactions are also eliminated unless the costs cannot be recovered. The accounting policies of the subsidiaries are adjusted where necessary to ensure consistency with the policies adopted by the group. These consolidated financial statements for 2016 comprise the financial information of the University of Tartu (the parent), its subsidiaries OÜ Tartu Ülikooli Kirjastus, OÜ Tartu Ülikooli Kesklinna Apteek (in liquidation), OÜ Academus Hostel, MTÜ Tartu Üliõpilasküla, MTÜ Tartu Üliõpilasmaja, and MTÜ Tartu Ülikooli Akadeemiline Spordiklubi, and its associates OÜ Tervisliku Piima Biotehnoloogiate Arenduskeskus, Eesti Nanotehnoloogiate Arenduskeskus AS (was liquidated on 25 January 2017) and E-Kyla Arendus OÜ.
49
1.3.2. Subsidiaries
Subsidiaries are entities controlled by the University of Tartu. Control is presumed to exist when the parent holds, directly or indirectly, over 50% of the voting power of an entity or has the power to govern an entity’s operating and financial policies by some other means.
The term ‘subsidiary’ also covers non-corporate entities (foundations and non-profit associations). The existence of control of and significant influence over non-corporate entities is determined considering, among other factors, whether the assets of the entity will transfer to the parent when the entity is liquidated. When the parent has control of a foundation or a non-profit association (generally over 50% of voting power), the investment is accounted for as a wholly-held investment.
Acquisitions of subsidiaries are accounted for by applying the purchase method (except for business combinations involving entities under common control that are accounted for using the modified purchase method). Under the purchase method, the acquired subsidiary’s assets, liabilities and contingent liabilities (i.e., the net assets acquired) are recognised at their fair values and any difference between the cost of the interest acquired and the fair value of the net assets acquired is recognised as positive or negative goodwill.
From the date of acquisition, the interest in an acquired subsidiary’s assets, liabilities and contingent liabilities and any positive goodwill acquired is recognised in the consolidated statement of financial position and the interest in the acquired subsidiary’s revenues and expenses is recognised in the consolidated statement of financial performance. Negative goodwill (gain from a bargain purchase) is recognised as income immediately.
Information on subsidiaries is disclosed in note 2.
1.3.3. Associates
An associate is an entity over which the University of Tartu or its subsidiary has significant influence but not control. Significant influence is generally presumed to exist when the University of Tartu or its subsidiary holds 20-50% of the voting power of an entity.
When the University of Tartu or its subsidiary has significant influence (generally 20-50% of voting power) in a foundation or non-profit association, neither an investment in an associate and nor a financial asset is recognised in the consolidated statement of financial position. Contributions to the capital of such an entity are recognised as an expense (a transfer made). In the consolidated statement of financial position, investments in associates are accounted for using the equity method. Under the equity method, an investment is initially recognised at cost and its carrying amount is subsequently adjusted to recognise the investor’s share of changes in the investee’s net assets (both changes in the investee’s profit or loss and other items of net assets), depreciation, and amortisation of the difference identified in the purchase price allocation between the fair value and carrying amount of the investee’s assets, liabilities and contingent liabilities. At each reporting date it is assessed whether there is any indication that the recoverable amount of an investment may have decreased below its carrying amount. If such indication exists, the investment is tested for impairment. The recoverable amounts of investments are estimated as described in policy 1.12. Impairment of assets.
Information on associates is disclosed in note 7.
1.3.4. Interests in foundations
The University of Tartu is a founding member in the following foundations:
Tartu University Hospital Foundation;
Science Centre AHHAA Foundation;
Information Technology Foundation for Education;
Tartu Science Park Foundation;
University of Tartu Foundation;
Estonian Agrenska Foundation;
50
Saaremaa University Centre Foundation (was liquidated on 19 October 2016);
Viljandi County Centre for Creative Industries Foundation;
Iuridicum Foundation. The University of Tartu has significant influence over the following foundations:
(In thousands of euros) Domicile Net assets
As at 31 December Representation in
terms of council members 2016 2015
Tartu University Hospital Foundation Estonia 131,589 126,230 3 members of 8
Science Centre AHHAA Foundation Estonia 10,151 10,747 2 members of 6
Tartu Science Park Foundation Estonia 4,499 4,587 3 members of 10
University of Tartu Foundation Estonia 3,712 3,280 2 members of 8
Estonian Agrenska Foundation Estonia 1,268 1,271 1 member of 5
Viljandi County Centre for Creative Industries Foundation Estonia -380 -300 1 member of 5
1.3.5. Investments in financial assets (shares and other equity instruments)
Current and non-current investments in shares and other equity instruments (except for investments in subsidiaries and associates) whose fair value cannot be measured reliably are measured at cost less any impairment losses. The University of Tartu group has interests in two companies:
Tervisetehnoloogiate Arenduskeskus AS – 7.69% interest;
Tarkvara Tehnoloogia Arenduskeskus AS – 2% interest.
1.3.6. Parent company’s primary financial statements presented in the notes to the consolidated financial statements
The notes to the consolidated financial statements include the separate primary financial statements of the group’s parent (the consolidating entity): the statements of financial position, financial performance, cash flows and changes in net assets. The parent’s separate primary financial statements are prepared using the same accounting policies as those applied on the preparation of the consolidated financial statements. In the parent’s separate financial statements presented in the notes to the consolidated financial statements, investments in subsidiaries and associates are measured at deemed cost less any impairment losses. If the deemed cost of an investment recognised in the separate financial statements exceeds the interest in the investee’s net assets, which have decreased due to a dividend distribution, a loss incurred of for some other reason, the deemed cost of the investment is written down to the interest in the investee’s net assets. When the interest in the investee’s net assets subsequently increases, the write-down is reversed and the carrying amount is increased to the lower of deemed cost and interest in the investee’s net assets.
1.4. Cash and cash equivalents
Cash and cash equivalents comprise cash on hand, balances on current accounts (excluding overdrafts), term deposits with a short maturity (up to three months) and card payments in transit. In the consolidated statement of financial position, overdrafts are classified as current borrowings.
1.5. Receivables and prepayments
Trade receivables, accrued income and other current and non-current receivables (including loans provided and deposits) are measured at their amortised cost. The amortised cost of current receivables is generally equal to their nominal value (less any write-down for impairment). Therefore, current receivables are measured at the amount that is expected to be collectible. Non-current receivables are recognised initially at the fair value of the consideration receivable. After initial recognition, they are measured at amortised cost using the effective interest rate method. Non-current receivables that do not bear interest are measured at their present value by applying a discount rate of 4% per year.
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The collectibility of receivables is estimated using the approximation technique which is based on historical experience. On the application of the approximation technique, receivables which are 90-180 days past due are written down by 50% and receivables which are more than 180 days past due are written down in full (100%). Doubtful receivables are carried in the trade receivables ledger until they are collected or considered uncollectible and written off the statement of financial position. When it appears that collection of a receivable is impracticable, the item is considered uncollectible and written off the statement of financial position. A receivable is considered uncollectible when the group has no means for collecting it (the debtor has been liquidated or gone bankrupt and the assets in the bankrupt’s estate are insufficient for settling the debt, etc.) or when the costs of collecting the receivable would exceed estimated income from its collection. When a doubtful receivable is subsequently collected, the previously recognised impairment loss is reversed by reducing expenses from impairment of receivables in the period in which the item is collected.
1.6. Impairment of financial assets
At each reporting date the group assesses whether there is any indication that a financial asset or a group of financial assets measured using the amortised cost or cost method may be impaired. If such indication exists, financial assets measured at amortised cost are written down to the present value of their expected future cash flows (discounted at the financial asset’s original effective interest rate) and financial assets measured at cost are written down to the amount that could reasonably be expected to be collected if the financial asset were sold at the reporting date. An impairment loss is recognised as an expense in the consolidated statement of financial performance.
1.7. Inventories
Inventories are assets, which are: held for sale in the ordinary course of economic activity; in the process of production for such sale; or in the form of materials or supplies to be consumed in the production process or the rendering of services. Inventories encompass not only goods purchased for sale, materials, work in progress and finished goods but also equipment and real estate held for resale and capitalised expenses directly attributable to the provision of services for which revenue cannot yet be recognised using the stage of completion method. Inventories are initially measured at cost. The cost of inventories comprises all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition. Expenditure on fuel excise duty incurred on the acquisition of inventories is capitalised and included in the cost of the inventories. Borrowing costs are not included in the cost of inventories and, in line with the General Rules, non-recoverable levies and taxes paid on the acquisition of inventories are recognised as an expense. The cost of goods is assigned using the FIFO formula. In the consolidated statement of financial position, inventories are measured at the lower of cost and net realisable value.
1.8. Investment property
Investment property comprises property (land or a building or part of a building) that the group leases out to a non-public sector entity to earn rentals or holds for capital appreciation and which is not used in the operating activity of any public sector entity. Buildings and premises that are used by public sector entities are recognised as items of property, plant and equipment. An investment property is measured initially at its cost that includes any expenditure directly attributable to its acquisition (e.g., notary’s fees, stamp duties, legal and advisory fees, and other expenditures without which the transaction would probably not have occurred). Borrowing costs are not included in the cost of investment property and, in line with the General Rules, non-recoverable levies and taxes incurred on the acquisition of investment property are recognised as an expense. In line with the General Rules, after initial recognition, investment property is measured at cost less any accumulated depreciation and any impairment losses.
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Depreciation is charged using the straight-line method. Each investment property is assigned a depreciation rate that corresponds to its useful life. Where an investment property consists of significant parts that have different useful lives, the parts are accounted for separately and assigned depreciation rates that correspond to their useful lives. In 2016, the depreciation rate assigned to the group’s investment properties ranged from 2% to 3% per year. Exceptions included properties without buildings (plots of land), which are not depreciated. Subsequent costs on an investment property are added to the carrying amount of the property if it is probable that future economic benefits associated with the costs will flow to the group and the costs can be measured reliably. The costs of day-to-day maintenance and repair of investment properties are recognised as an expense as incurred. When part of an investment property is replaced, the cost of the new part is added to the carrying amount of the property if it meets the definition of investment property and the recognition criteria and the carrying amount of the replaced part is written off the statement of financial position. An investment property is derecognised on disposal or when no future economic benefits are expected from its use or disposal. Gains and losses arising from derecognition of investment property are recognised in the period in which the property is derecognised in the consolidated statement of financial performance within Other income and Other expenses respectively. When the purpose of use of an investment property changes, the property is reclassified. From the date of reclassification, the investment property is accounted for using the accounting policies applied to the class of assets the property was transferred to.
1.9. Property, plant and equipment
Property, plant and equipment are assets which the group uses for meeting its statutory responsibilities, rendering services or administrative purposes and expects to use for a period exceeding one year, and which have a cost of at least 5,000 euros (until 31 December 2016: 2,000 euros). In connection with the change in the Public Sector Financial Accounting and Reporting Guidelines that took effect in 2016, items of property, plant and equipment with a cost of less than 5,000 euros were written off the statement of financial position as at 31 December 2016. As an exception, land, assets acquired for library collections (see accounting policy 1.10), assets belonging to museum collections (museum objects) and assets belonging to and in the possession of the University of Tartu group that have been entered in the national register of cultural property are recognised as items of property, plant and equipment regardless of cost. Assets acquired for museum collections are recognised as items of property, plant and equipment in an aggregated set (total amount). Accounts in unit and title terms are kept in the museums’ information systems. Items of artistic value that are not recognised as assets of museum collections or assets entered in the national register of cultural property are recognised as items of property, plant and equipment, provided their cost exceeds the threshold for recognition as items of property, plant and equipment, and depreciated over their estimated useful lives. Assets whose useful lives exceed a year but cost is less than 5,000 euros are recognised as an expense on implementation. Items of immaterial value with a cost from 2,000 to 4,999.99 euros that have been recognised as an expense are accounted for off the statement of financial position. An item of property, plant and equipment is initially recognised at cost, which comprises the purchase price and any costs directly attributable to bringing the item to the location and condition necessary for it to be capable of operating in the intended manner. Costs not included in the cost of an item of property, plant and equipment include the costs of opening a new facility, the costs of introducing a new product or service (including the costs of advertising activities), the costs of conducting business in a new location or with a new class of customer (including staff training expenses), administration and other general overhead costs and borrowing costs. In line with the General Rules, non-recoverable levies and taxes are not capitalised as part of the cost of an item of property, plant and equipment. In the consolidated statement of financial position, items of property, plant and equipment are carried at cost less any accumulated depreciation and any impairment losses. Assets held under finance leases are accounted for similarly to assets that have been purchased.
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Subsequent costs on an item of property, plant and equipment are capitalised and added to the carrying amount of the item if they meet the definition of property, plant and equipment and the recognition criteria (including it being probable that they will participate in the generation of future economic benefits) and their cost exceeds the threshold for recognising assets as items of property, plant and equipment, i.e., 5,000 euros. Other repair and maintenance costs are recognised as an expense as incurred. Depreciation is charged using the straight-line method. Each item of property, plant and equipment is assigned a depreciation rate that corresponds to its useful life. In the case of assets with significant residual value only the depreciable amount (cost less residual value) is charged to expenses over the useful life of the asset. When an asset’s residual value increases to an amount greater than the asset’s carrying amount, depreciation of the asset is discontinued. Where an item of property, plant and equipment consists of significant parts that have different useful lives, the parts are accounted for separately and assigned depreciation rates that correspond to their useful lives. In 2016, the group applied to classes of property, plant and equipment the following annual depreciation rates:
Land 0%;
Buildings 2–25%;
Equipment and vehicles 7–50%;
Library collections 0%;
Other items of property, plant and equipment 2–50%. Assets with an unlimited useful life (land, assets entered in the national register of cultural property, assets belonging to museum collections and items belonging to library collections) are not depreciated. Assets acquired for decor and design that do not have permanent value and assets transferred to auxiliary museum collections which are replaced after certain periods are depreciated over their estimated useful lives. Depreciation of an asset begins when it is available for use (i.e., in the location and condition necessary for it to be operating in the intended manner). Depreciation of an asset ceases when the asset’s depreciable amount has been fully depreciated or the asset is permanently retired from use. Depreciation rates and methods and residual values are reviewed at each reporting date. As a public sector entity that applies the Estonian GAAP, the University of Tartu group does not conduct impairment tests or recognise impairment losses for items of property, plant and equipment that are required for rendering public service unless the value of such an item has declined due to damage or the item has been partly or fully retired from use due to some other reason. When there is indication that other items of property, plant and equipment could be impaired, the group tests them for impairment. When the recoverable amount of an item of property, plant and equipment (i.e., the higher of its net selling price and value in use) is less than its carrying amount, the item is written down to its recoverable amount (see also accounting policy 1.12). When there is indication that the useful life or residual value of an asset has changed significantly, depreciation accounting is adjusted prospectively. The carrying amount of an item of property, plant and equipment is derecognised on disposal or when no future economic benefits are expected from its use or disposal. Gains and losses from derecognition of items of property, plant and equipment are recognised in the consolidated statement of financial performance in the period of derecognition.
1.10. Library collections
Section 41, clause 2 of subsection 2, of the Public Sector Financial Accounting and Reporting Guidelines (the General Rules) provides that public libraries whose core activity is storage and lending of library items may, by way of an exception, recognise library items as items of property, plant and equipment regardless of cost. In line with the above provision of the General Rules, the group’s statement of financial position includes items acquired for the library collections of the University of Tartu since January 2004. Items acquired for library collections are recognised as items of property, plant and equipment in an aggregated set (total amount). Accounts in unit and title terms are kept in the library’s information system. In the consolidated statement of financial position, library collections are measured at cost. The following collections of the library of the University of Tartu have been recognised as items of property, plant and equipment in the group’s statement of financial position:
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library items that the University of Tartu has acquired since 2004;
library items received from other libraries by means of exchange (measured at their cost in the library’s exchange collection);
library items paid for by the ELNET consortium that have been acquired for the University of Tartu (recognised in revenue as non-monetary grants related to assets).
The following library collection items whose cost is unknown and fair value cannot be measured reliably are accounted for in unit terms off the statement of financial position:
library items acquired before 2004;
library items received through donations;
legal deposit copies sent to the library of the University of Tartu by Estonian publishing houses. Library collections recognised in the consolidated statement of financial position are not depreciated. Library items are recognised as an expense in full when they are retired from use or it becomes apparent that they have been lost.
1.11. Intangible assets
Intangible assets are identifiable non-monetary assets without physical substance that are expected to be used for more than one year and have a cost that exceeds the threshold for recognition as non-current assets. Intangible assets (software, rights of use and other intangible assets) are recognised in the consolidated statement of financial position when the group controls the asset, it is probable that future economic benefits attributable to the asset will flow to the group, the cost of the asset can be measured reliably and the asset did not result from internal expenditures on research and development. Research and development expenditures are recognised as an expense as incurred. An intangible asset is measured initially at cost, which comprises its purchase price and other directly attributable costs of acquisition. After initial recognition, an intangible asset is carried at cost less any accumulated amortisation and any impairment losses. The group’s intangible assets comprise the biological material and health records database of the Estonian Genome Centre (the Estonian Biobank) that is an institution of the University of Tartu, software, rights and licences, and other intangible assets. Detailed accounts of the biological material and health records database are kept in the information system of the Estonian Genome Centre of the University of Tartu. All of the group’s intangible assets are assumed to have finite useful lives. Intangible assets are amortised on a straight-line basis over their estimated useful lives. Each intangible asset is assigned an amortisation rate that corresponds to its useful life. When the useful life of an intangible asset cannot be estimated reliably, it is assumed that the useful life is up to 10 years. Amortisation rates and methods are reviewed at each reporting date. In 2016, the group applied the following annual amortisation rates:
Biological material and health records database 3%;
Software 20–25%;
Other intangible assets 20%. When there is indication that the useful life or residual value of an asset has changed significantly, amortisation accounting is adjusted prospectively (see also accounting policy 1.12).
1.12. Impairment of assets
As a public sector entity that applies the Estonian GAAP, the University of Tartu group does not conduct impairment tests or recognise impairment losses for non-current assets required for rendering public service unless the value of an asset has declined due to damage or the asset has been partly or fully retired from use due to some other reason. In the case of other non-current assets, including items of property, plant and equipment with unlimited useful lives (land, assets entered in the national register of cultural property, assets belonging to museum collections and items belonging to library collections) and depreciable and amortisable assets, the group assesses at each reporting date whether there is any indication of impairment. If such indication exists, the group estimates the recoverable amount of the asset and compares it to the asset’s carrying amount.
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An impairment loss is recognised in an amount by which an asset’s carrying amount exceeds its recoverable amount. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. Recoverable amount is determined for an individual asset or the smallest group of assets that generates largely independent cash flows. An impairment loss is recognised as an expense in the period in which it is incurred. At the end of each reporting period the group assesses whether there is any indication that the recoverable amount of an asset written down in an earlier period may have increased (except for goodwill whose impairment losses are not reversed). If an impairment test indicates that the recoverable amount of an asset or a group of assets (a cash-generating unit) has risen above its carrying amount, the previously recognised impairment loss is reversed and the asset’s carrying amount is increased to an amount that would have been determined (net of amortisation or depreciation) had no impairment loss been recognised in prior years. A reversal of an impairment loss is recognised in the consolidated statement of financial performance by reducing expenses from impairment losses.
1.13. Financial liabilities
Upon initial recognition financial liabilities (trade payables, borrowings, accrued expenses, and other current and non-current payables) except for derivative financial instruments with a negative fair value are measured at their cost which includes any directly attributable transaction costs. After initial recognition, financial liabilities are measured at their amortised cost. Derivative financial instruments are measured at their fair value. Derivative financial instruments with a negative fair value are recognised as financial liabilities. The amortised cost of current financial liabilities is generally equal to their nominal value. Therefore, current financial liabilities are measured in the amount payable. Non-current financial liabilities are recognised initially at the fair value of the consideration received (less any transaction costs). Thereafter they are measured at their amortised cost using the effective interest rate method. Interest expense on financial liabilities is recognised on an accrual basis within Interest expense in the consolidated statement of financial performance. A financial liability is classified as current when it is due to be settled within twelve months after the reporting date or the group does not have an unconditional right to defer settlement for at least twelve months after the reporting date. Liabilities which become payable on demand at the reporting date due to breach of the provisions of the loan contract are also classified as current. A financial liability is derecognised when it is discharged or cancelled or expires.
1.14. Leases
A finance lease is a lease that transfers all significant risks and rewards of ownership of an asset to the lessee. In line with the General Rules, a lease is also classified as a finance lease when the leased asset cannot be easily replaced with another asset. All other leases are classified as operating leases.
1.14.1. The group as a lessee
The group recognises finance leases as assets and liabilities in the consolidated statement of financial position at amounts equal to the fair value of the leased property or, if lower, the present value of the minimum lease payments. Lease payments are apportioned between the finance charge (interest expense) and the reduction of the outstanding liability. Interest expense on the lease is recognised in the period in which it is incurred within Interest expense in the consolidated statement of financial performance. The finance lease liability (net of the finance charge) is classified into current and non-current borrowings. Assets held under finance leases are depreciated similarly to assets that are owned, over the shorter of their estimated useful life and lease term. Depreciation expense is recognised within Depreciation, amortisation and impairment losses in the consolidated statement of financial performance. Operating lease payments are recognised as an expense on an accrual basis over the lease term.
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1.14.2. The group as a lessor
Assets leased out under operating leases are presented in the group’s statement of financial position according to their nature, i.e., similarly to other assets recognised in the group’s statement of financial position. Assets leased out under operating leases are depreciated using a depreciation policy consistent with the group’s normal depreciation policy for similar assets. Operating lease payments received are recognised as income on a straight-line basis over the lease term.
1.15. Deferred income
Deferred income comprises grants and co-financing received in advance, prepayments received under research and development contracts and other deferred income that has not been recognised as income of the reporting period. When a grant or a co-financing payment has been received but has not yet been used for incurring expenses or acquiring assets, it is recognised as deferred income (see accounting policy 1.16).
1.16. Grants
Grants comprise resources (grants) received through non-exchange transactions, i.e., without directly giving goods or services in exchange, and resources transferred (grants provided or passed through) through non-exchange transactions, i.e., without directly receiving goods or services in exchange. Grants are accounted for in accordance with the principles outlined in the General Rules. Grants comprise:
government grants (hereafter ‘grants’) – grants received and provided on a project basis for particular purposes that have a specified goal along with milestones for monitoring achievement of the goal, a timeframe, and a monetary budget and where the provider of the grant (the donor) requires from the recipient (the beneficiary) detailed reporting on the use of funds received and any surplus funds have to be returned to the provider of the grant;
operational funding grants (hereafter ‘operational funding’) – funding received and provided based on the functions and tasks outlined in the statutes and the goals outlined in the development documents of the recipient.
Grants comprise:
domestic grants;
international grants. A grant is recognised in the consolidated statement of financial position when cash has been transferred or received or on the date when the receivables, liabilities, income and expenses associated with the grant are recognised. Grants are classified into grants related to income and grants related to assets. The main condition for grants related to assets is that the group as the grant recipient has to purchase, build or otherwise acquire a certain asset. A grant is recognised as income in the period in which the operating costs are incurred or the non-current asset is acquired unless the conditions of the grant involve the risk that the grant may be reclaimed or may not be received. Operational funding is recognised as income when the cash has been received. When a grant provider or intermediary provides a grant using simplified reimbursement of expenditures (standardised unit costs, payments of specific amounts, reimbursements of indirect expenditures compensated at a uniform rate) without requiring expense documents, grant income is recognised in the period in which the grant is provided. On recognising grants in the consolidated statement of financial performance, the group differentiates between grants received and grants passed through (where the group acts an intermediary). Grants passed through are grants received for passing on to another party, not for covering the group’s own operating expenses or acquiring assets. When the group acts as a grant intermediary, income from grants received for passing on equals expenses from grants passed on. Non-monetary grants are measured at the fair value of the goods and services received. Assets received from other public sector entities by way of non-monetary grants are measured at their fair value or, if this cannot be determined, at their carrying amount in the transferor’s financial statements.
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When it appears that some conditions attaching to the grant have not been met and the group as the grant intermediary or recipient is liable to the grant provider for the recipient’s compliance with the conditions attaching to the grant and use of the funds for their designated purpose, the group recognises at the date the breach of contract is identified a receivable from the grant recipient and/or a liability to the grant provider, and reduces income from grants received and/or expenses from grants provided.
1.17. Provisions and contingent liabilities
A provision is recognised when the group has a present legal or constructive obligation as a result of a past obligating event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. A provision is recognised in the consolidated statement of financial position in an amount which is management’s best estimate of the expenditure required to settle the underlying obligation at the end of the reporting period. When it is probable that the provision will be used within more than twelve months after the reporting date, it is measured at its discounted value unless the effect of discounting is immaterial. Other possible or present obligations whose realisation is not probable or amount cannot be measured sufficiently reliably are disclosed in the notes to the consolidated financial statements as contingent liabilities.
1.18. Revenue and expenses (excluding grants)
Revenue and expenses are recognised on an accrual basis. Revenue is measured at the fair value of consideration received or receivable for the sale of goods or rendering of services in the ordinary course of the group’s activities, taking into account any discounts and rebates allowed. Revenue from the rendering of education services comprises tuition fees collected and to be collected by the University of Tartu from its regular study and open university students, participants in continuing education programmes, etc. Relevant revenue is recognised in the same period in which the service is rendered. Revenue from the rendering of other services is recognised when the service has been rendered or, if the service is rendered over an extended period, using the stage of completion method. Revenue from services rendered over an extended period is recognised by reference to the stage of completion of the service at the end of the reporting period, assuming that the outcome of the transaction (i.e., the revenue and costs associated with the transaction) can be estimated reliably and it is probable that the economic benefits associated with the transaction will flow to the group. When the outcome of a contract or project involving the rendering of services cannot be estimated reliably but it is probable that the group will at least recover the costs incurred, revenue is recognised to the extent of costs incurred. Revenue from the sale of goods is recognised when all significant risks of ownership of the goods have been transferred to the buyer, the amount of revenue and the costs incurred or to be incurred in respect of the transaction can be measured reliably and it is probable that the economic benefits associated with the transaction will flow to the group. Interest income is recognised when it is probable that it will be received and its amount can be measured reliably. Interest income is recognised using the effective interest rate method.
1.19. Corporate income tax
Under the Estonian Income Tax Act, corporate earnings are not subject to tax. Instead, income tax is levied on dividend distributions, fringe benefits, gifts, donations, entertainment expenses, expenses not related to the taxpayer’s business and transfer price adjustments. The amount of tax payable on dividend distributions is calculated as 20/80 of the amount of the net dividend. The income tax payable on the distribution of dividends is recognised as a liability and an expense in the period in which the dividend is declared regardless of the period for which the dividend is declared or the period in which the dividend is actually distributed. The obligation to pay income tax arises on the 10th day of the month following the disbursement of the dividend. The income tax expense recognised in the consolidated statement of financial performance comprises income tax expense calculated and paid on dividends distributed by a subsidiary to the parent.
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1.20. Foreign currency transactions
The functional currency of all group entities is the euro. The consolidated financial statements are presented in euros. A transaction in a foreign currency is recorded using the exchange rate of the European Central Bank at the date of the transaction. At the reporting date, foreign currency monetary assets and liabilities are translated into the functional currency using the exchange rates of the European Central Bank ruling at that date. Exchange gains and losses arising on translation are recognised in the consolidated statement of financial performance in the period in which they arise. Non-monetary assets and liabilities that are measured at fair value in a foreign currency are translated into the functional currency using the exchange rates of the European Central Bank quoted at the date the fair value was determined. Non-monetary foreign currency assets and liabilities that are not measured at fair value are not translated at the reporting date but are continuously measured using the exchange rates of the European Central Bank quoted at the dates of the transactions.
1.21. Events after the reporting period
The consolidated financial statements reflect all significant events affecting the valuation of assets and liabilities that became evident between the reporting date and the date on which the financial statements were authorised for issue but are related to the reporting or prior periods. Subsequent events that are indicative of conditions that arose after the reporting date but which will have a significant effect on the result of the next financial year are disclosed in the notes to the consolidated financial statements.
NOTE 2. SUBSIDIARIES OF THE GROUP
Domicile Ownership interest
31 December 2016 31 December 2015
OÜ Tartu Ülikooli Kirjastus Estonia 100% 100%
OÜ Tartu Ülikooli Tamme Apteek Estonia 0% 100%
OÜ Tartu Ülikooli Kesklinna Apteek Estonia 100% 100%
OÜ Academus Hostel Estonia 100% 100%
MTÜ Tartu Üliõpilasküla Estonia 100% 100%
MTÜ Tartu Üliõpilasmaja Estonia 100% 100%
MTÜ Tartu Ülikooli Akadeemiline Spordiklubi Estonia 100% 100%
The group has control (over 50% of voting power) of all subsidiaries that are non-profit associations (MTÜs). Accordingly, non-profit associations are fully consolidated. On 21 January 2016, the subsidiaries OÜ Tartu Ülikooli Tamme Apteek and OÜ Tartu Ülikooli Kesklinna Apteek signed a merger agreement. The parties agreed that following the merger the combined entity would bear the name of OÜ Tartu Ülikooli Kesklinna Apteek and the assets as well as the rights and obligations of the acquiree, OÜ Tartu Ülikooli Tamme Apteek, would transfer to the acquirer. The date of the merger was 1 March 2016. The acquiree, OÜ Tartu Ülikooli Tamme Apteek, was deleted from the Commercial Register on 31 March 2016. At a meeting held on 2 September 2016, the sole shareholder, the University of Tartu, decided to terminate the operation of the subsidiary OÜ Tartu Ülikooli Kesklinna Apteek from 31 October 2016 and to carry out liquidation proceedings. During the liquidation proceedings, on 1 March 2017, the sole shareholder, the University of Tartu, approved the subsidiary’s final balance sheet and asset distribution plan.
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NOTE 3. CASH AND CASH EQUIVALENTS
(In thousands of euros) 31 December 2016 31 December 2015
Cash on hand 31 58
Current accounts and overnight deposits 35,519 18,381
Term deposits with a short maturity 406 6,394
Card payments in transit 1 1
Total 35,957 24,834
In 2016, interest income on current accounts and term deposits with a short maturity amounted to 8.5 thousand euros (2015: 9.5 thousand euros). Interest rates for term deposits and current accounts ranged from 0.01% to 2.5% (2015: from 0.01 to 1%).
NOTE 4. RECEIVABLES AND PREPAYMENTS
(In thousands of euros) 31 December 2016 31 December 2015
Trade receivables 2,144 2,151
Accounts receivable 2,161 2,179
Allowance for impairment -17 -28
Grants receivable (note 5) 7,285 16,913
Other receivables 70 59
Prepayments 5,383 3,389
Prepaid grants and co-financing 4,443 2,685
Prepayments to suppliers 912 682
Prepayments to staff 28 22
Prepaid and refundable taxes 357 1,298
Total 15,239 23,810
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NOTE 5. GRANTS RECEIVABLE
(In thousands of euros) 31 December 2016 2015
International aid projects 1,543 1,233
Centres of excellence projects (Archimedes Foundation) 974 2,111
Projects of the EU 7th Framework Programme 927 313
Programme for higher education scholarships and grants in smart specialisation growth areas (Archimedes Foundation) 617 55
Projects of sub-measure for modernising research infrastructure of national importance (Archimedes Foundation) 554 2,527
Projects of measures for education activities administered by the Ministry of Education and Research (Innove Foundation) 436 0
Projects of the European Territorial Cooperation Programme 426 9
Projects funded by the Environmental Investment Centre 308 528
Projects funded by the Information Technology Foundation for Education 291 342
Activities supporting the activity: Institutional development programme for R&D and higher education institutions (ASTRA) (Archimedes Foundation) 270 0
EU programme for research and innovation Horizon 2020 217 53
Programme for systematic development of entrepreneurship and entrepreneurial studies at all levels of education (Ministry of Education and Research) 187 84
Projects funded by the European Maritime and Fisheries Fund (Agricultural Registers and Information Board) 150 0
Mobilitas Pluss partnership and cooperation funding for participants in Horizon 2020 projects (Estonian Research Council) 133 0
Programme Dora Pluss (Archimedes Foundation) 124 0
Projects funded by Enterprise Estonia 27 22
Projects of programmes supported by the EEA and Norwegian financial mechanisms 19 250
Projects of the programme for internationalisation of research (Ministry of Education and Research) 0 3,675
Projects of measure for modernising research equipment and facilities (Archimedes Foundation) 0 1,626
Projects for supporting R&D in bio-, environmental, energy, information and materials technology measures (Archimedes Foundation) 0 988
Projects of health promotion research programme TerVE (Estonian Research Council) 0 762
Projects of doctoral schools (Archimedes Foundation) 0 576
Projects for modernising professional higher education and teacher training infrastructure
422 (Archimedes Foundation) 0
Projects of programmes funded by the European Social Fund (Archimedes Foundation, Estonian Research Council) 0 362
Projects for supporting healthcare R&D (Archimedes Foundation) 0 331
Projects of environmental protection and technology R&D programme KESTA (Estonian Research Council) 0 186
Projects of performance-based funding for doctoral studies (Ministry of Education and Research) 0 134
Projects of sub-measure for cooperation between universities and businesses (Archimedes Foundation) 0 99
Project for developing the Centre for Translational Medicine (Archimedes Foundation) 0 71
Projects of measure for modernising small-scale research infrastructure (Archimedes Foundation) 0 70
Projects of research and innovation policy monitoring programme (Archimedes Foundation) 0 42
Other projects funded by the Estonian Research Council 42 26
Other projects funded by Archimedes Foundation 4 0
Other 36 16
Total 7,285 16,913
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NOTE 6. INVENTORIES
(In thousands of euros) 31 December 2016 31 December 2015
Materials 23 17
Finished goods 72 76
Goods purchased for resale 95 153
Prepayments to suppliers 4 7
Total 194 253
During the year, inventories whose net realisable value had decreased below cost were written down and unusable goods were recognised as an expense as follows:
(In thousands of euros) 2016 2015
Materials 0 1
Finished goods 0 3
Goods purchased for resale 0 8
Total 0 12
In 2016 and 2015, no prior period inventory write-downs were reversed.
NOTE 7. INVESTMENTS IN ASSOCIATES
(In thousands of euros) OÜ Tervisliku Piima Biotehnoloogiate
Arenduskeskus
Eesti Nano-tehnoloogiate
Arenduskeskuse AS
E-Kyla Arendus OÜ
Total
Group’s share of profit/loss for 2014 -4 -3 2 -5
Carrying amount at 31 December 2014 76 24 17 117
Cost at 31 December 2014 1 7 15 23
Group’s share of profit/loss for 2015 -26 -16 2 -40
Carrying amount at 31 December 2015 50 8 19 77
Cost at 31 December 2015 1 7 15 23
Group’s share of profit/loss for 2016 1 -8 0 -7
Carrying amount at 31 December 2016 51 0 19 70
Cost at 31 December 2016 1 0 15 16
Group’s ownership interest
As at 31 December 2015 20% 23.80% 33.33%
As at 31 December 2016 20% 0.0% 33.33%
All associates operate in Estonia. No associate is a listed company. OÜ Tervisliku Piima Biotehnoloogiate Arenduskeskus ended the financial year with a profit of 8 thousand euros, which increased the value of the investment of the University of Tartu by one thousand euros. E-Kyla Arendus OÜ ended the financial year with a profit of 553 euros. On 25 April 2016, the general meeting of Eesti Nanotehnoloogiate Arenduskeskuse AS decided to initiate the company’s liquidation proceedings. The liquidator of Eesti Nanotehnoloogiate Arenduskeskuse AS prepared the entity’s final balance sheet and asset distribution plan as at 14 September 2016. After the satisfaction of the claims of all creditors, in December 2016 the remaining cash was distributed to the shareholders in proportion to their ownership interest. The group’s loss from writing off the investment in connection with its liquidation amounted to 6 thousand euros. Eesti Nanotehnoloogiate Arenduskeskuse AS was deleted from the Commercial Register on 25 January 2017.
62
The table below provides an overview of movements in the associates’ equity:
(In thousands of euros) OÜ Tervisliku Piima Biotehnoloogiate
Arenduskeskus
Eesti Nano-tehnoloogiate
Arenduskeskuse AS
E-Kyla Arendus OÜ
Total
As at 31 December 2015
Share capital 6 29 5 40
Share premium 0 0 41 41
Statutory capital reserve 1 3 0 4
Retained earnings (prior periods) 375 66 5 446
Profit/loss for the year -134 -66 7 -193
Total equity 248 32 58 338
Group’s share of equity 50 8 19 77
Group’s ownership interest 20% 23.8% 33.33%
As at 31 December 2016
Share capital 6 29 5 40
Share premium 0 0 41 41
Statutory capital reserve 1 3 0 4
Retained earnings (prior periods) 241 0 12 253
Profit/loss for the year 8 -32 0 -24
Total equity 256 0 58 314
Group’s share of equity 51 0 19 70
Group’s ownership interest 20% 0% 33.33%
NOTE 8. INVESTMENT PROPERTY
(In thousands of euros) Riia 191, Tartu city
Ülikooli 20, Tartu city
Apartments, Tartu city
Total
Cost
As at 31 December 2014 94 1,953 86 2,133
Rental income for 2015 0 22 5 27
Property management expenses for 2015 0 19 1 20
Of which management expenses re-invoiced to tenants 0 4 0 4
As at 31 December 2015 94 1,953 86 2,133
Reclassification from property, plant and equipment 0 0 2 2
Sales 0 0 -88 -88
Rental income for 2016 0 23 2 25
Property management expenses for 2016 0 50 1 51
Of which management expenses re-invoiced to tenants 0 15 1 16
As at 31 December 2016 94 1,953 0 2,047
Depreciation
As at 31 December 2014 0 390 86 476
Depreciation for the year (note 26) 0 49 0 49
As at 31 December 2015 0 439 86 525
Depreciation for the year (note 26) 0 49 0 49
Depreciation of investment property sold 0 0 -86 -86
As at 31 December 2016 0 488 0 488
Carrying amount
As at 31 December 2014 94 1,563 0 1,657
As at 31 December 2015 94 1,514 0 1,608
As at 31 December 2016 94 1,465 0 1,559
NOTE 9. PROPERTY, PLANT AND EQUIPMENT
(In thousands of euros) Land Buildings Equipment and vehicles
Library collections
Other items of property, plant and
equipment
Assets under construction
Prepayments for property, plant and equipment
Total
Cost
As at 31 December 2014 2,421 243,217 78,547 8,880 4,774 1,482 211 339,532
Additions 0 166 6,013 525 140 5,498 898 13,240
Reclassification 0 3,031 4,240 0 439 -6,606 -1,104 0
Sales and write-off (note 27) 0 -471 -1,747 -37 -126 0 0 -2,381
As at 31 December 2015 2,421 245,943 87,053 9,368 5,227 374 5 350,391
Additions 160 18 986 347 79 2,608 52 4,250
Reclassification 0 1,405 123 0 0 -1,471 -57 0
Reclassification to investment property -2 0 0 0 0 0 0 -2
Sales and write-off (note 27) -39 -726 -7,384 -21 -2,194 0 0 -10,364
As at 31 December 2016 2,540 246,640 80,778 9,694 3,112 1,511 0 344,275
Depreciation
As at 31 December 2014 0 51,081 47,214 0 3,773 0 0 102,068
Depreciation for the year (note 26) 0 7,148 5,103 0 143 0 0 12,394
Depreciation of items sold and written off (note 27)
0 -125 -1,729 0 -112 0 0 -1,966
As at 31 December 2015 0 58,104 50,588 0 3,804 0 0 112,496
Depreciation for the year (note 26) 0 7,955 5,241 0 182 0 0 13,378
Depreciation of items sold and written off (note 27)
0 -322 -5,887 0 -1,786 0 0 -7,995
As at 31 December 2016 0 65,737 49,942 0 2,200 0 0 117,879
Carrying amount
As at 31 December 2014 2,421 192,136 31,333 8,880 1,001 1,482 211 237,464
As at 31 December 2015 2,421 187,839 36,465 9,368 1,423 374 5 237,895
As at 31 December 2016 2,540 180,903 30,836 9,694 912 1,511 0 226,396
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NOTE 10. INTANGIBLE ASSETS
(In thousands of euros) Biological material and health records
database
Software Other intangible
assets
Prepayments for intangible
assets
Total
Cost
As at 31 December 2014 2,615 1,023 184 0 3,822
Additions 19 91 0 11 121
Reclassification 0 11 0 -11 0
Write-off 0 -37 0 0 -37
As at 31 December 2015 2,634 1,088 184 0 3,906
Additions 274 0 0 0 274
Write-off (note 27) 0 -104 -2 0 -106
As at 31 December 2016 2,908 984 182 0 4,074
Amortisation
As at 31 December 2014 570 631 69 0 1,270
Amortisation for the year (note 26) 93 168 32 0 293
Amortisation of assets written off 0 -37 0 0 -37
As at 31 December 2015 663 762 101 0 1,526
Amortisation for the year (note 26) 94 131 31 0 256
Amortisation of assets written off (note 27)
0 -88 -1 0 -89
As at 31 December 2016 757 805 131 0 1,693
Carrying amount
As at 31 December 2014 2,045 392 115 0 2,552
As at 31 December 2015 1,971 326 83 0 2,380
As at 31 December 2016 2,151 179 51 0 2,381
At 31 December 2016, the biological material and health records database contained 52,458 samples, which comprised gene donors’ biological material (chromosomal DNA, white blood cells and blood plasma) and descriptions of the state of health (health, health behaviour and the environment). At 31 December 2015, the database contained 52,449 samples.
NOTE 11. BORROWINGS
(In thousands of euros) 31 December 2016 31 December 2015
Short-term borrowings
Finance lease liabilities (note 12) 5 4
Current portion of long-term loans (note 13) 2,905 2,938
Total 2,910 2,942
Long-term borrowings
Finance lease liabilities (note 12) 6 10
Loans (note 13) 10,446 8,792
Total 10,452 8,802
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NOTE 12. FINANCE AND OPERATING LEASES
Finance leases – the group as a lessee
(In thousands of euros) Equipment and vehicles
As at 31 December 2015
Cost at 31 December 2015 64
Accumulated depreciation as at 31 December 2015 -34
Of which depreciation for 2015 -6
Carrying amount at 31 December 2015 30
Principal payments made in 2015 6
Interest payments made in 2015 0
As at 31 December 2016
Cost at 31 December 2016 20
Accumulated depreciation as at 31 December 2016 -7
Of which depreciation for 2016 -4
Carrying amount at 31 December 2016 13
Principal payments made in 2016 4
Interest payments made in 2016 0
Finance lease liabilities at 31 December 2015 14
Finance lease liabilities at 31 December 2016 11
Payments due not later than 1 year 5
Payments due later than 1 and not later than 5 years 6
Interest rates 2.90%
Maturity date In 2019
Base currency EUR
Operating leases – the group as a lessor
(In thousands of euros) Buildings
31 December 2016 31 December 2015
Operating lease income for the reporting year 153 173
Rental income due not later than 1 year 49 66
Rental income due later than 1 and not later than 5 years 89 91
Rental income due later than 5 years 156 179
Cost of assets leased out 6,343 6,419
Carrying amount of assets leased out 4,465 4,729
Operating lease income includes rental income on both investment property and property, plant and equipment. Where part of an asset has been leased out under an operating lease, the cost and carrying amount of the asset are included in the cost and carrying amount of assets leased out based on the proportionate area that has been leased out. Under the Creation of Usufruct and Real Right Contract No. 716, signed between the University of Tartu and Tehvandi Sports Centre Foundation on 22 March 2012, a fixed-term usufruct of 50 years was created on the Kääriku property for the benefit of Tehvandi Sports Centre Foundation as from 1 April 2012. The usufruct is without charge until 31 December 2021. From 1 January 2022, the University of Tartu may charge a usufruct fee, the amount of which is to be agreed between the University of Tartu and Tehvandi Sports Centre Foundation by 31 December 2020 at the latest.
66
Operating leases – the group as a lessee
(In thousands of euros) Buildings Equipment and vehicles
As at 31 December 2015
Operating lease payments made in 2015 390 13
Payments due not later than 1 year 96 8
Payments due later than 1 and not later than 5 years 0 14
As at 31 December 2016
Operating lease payments made in 2016 223 17
Payments due not later than 1 year 95 23
Payments due later than 1 and not later than 5 years 0 55
Payments due later than 5 years 0 4
NOTE 13. LOANS AND ASSETS PLEDGED AS LOAN COLLATERAL
The group uses bank loans for making long-term investments and financing the construction and renovation of buildings. The loans presented in the tables below (1-7), have been taken by the University of Tartu. Other members of the group have not taken loans.
In 2016, the University of Tartu took a new loan of 4.56 million euros from DNB Pank AS (7) to finance renovation and repair works at W. Struve 1, Tartu city.
(In thousands of euros)
Balance at Repayable Maturity date
Base currency / Interest rate1 31 December
2016 Within 12
months Between 1
and 5 years In over 5 years
Nordea Bank Finland Plc (1) 355 355 0 0 14 Jun 2017 EUR12+0.13%
Nordea Bank Finland Plc (2) 1,278 639 639 0 29 Dec 2018 EUR62+1.00%
SEB Pank AS (3) 1,032 343 689 0 4 Nov 2019 EUR62+0.49%
OP Corporate Bank plc Estonian branch (4)
1,880 480 1,400 0 28 Dec 2020 EUR32+0.80%
OP Corporate Bank plc Estonian branch (5)
3,000 600 2,400 0 8 Dec 2021 EUR32+0.96%
OP Corporate Bank plc Estonian branch (6)
1,246 168 672 406 22 May 2024 EUR32+0.82%
DNB Pank AS (7) 4,560 320 1,920 2,320 20 Oct 2026 EUR32+0.64%
Total 13,351 2,905 7,720 2,726
(In thousands of euros)
Balance at Repayable Maturity date
Base currency / Interest rate1 31 December
2015 Within 12
months Between 1
and 5 years In over 5 years
Nordea Bank Finland Plc (1) 1,065 710 355 0 14 Jun 2017 EUR12+0.13%
Nordea Bank Finland Plc (2) 1,917 639 1,278 0 29 Dec 2018 EUR62+1.00%
SEB Pank AS (3) 1,374 341 1,033 0 4 Nov 2019 EUR62+0.49%
OP Corporate Bank plc Estonian branch (4)
2,360 480 1,880 0 28 Dec 2020 EUR32+0.80%
OP Corporate Bank plc Estonian branch (5)
3,600 600 2,400 600 8 Dec 2021 EUR32+0.96%
OP Corporate Bank plc Estonian branch (6)
1,414 168 672 574 22 May 2024 EUR32+0.82%
Total 11,730 2,938 7,618 1,174
1 The contractual interest rates of all loans taken by the group are equal to their effective interest rates. 2Euribor® – European commercial banks’ 1, 3 or 6 month average money market loan interest rate.
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The loan from SEB Pank AS (3) is secured with a mortgage of an immovable property with three buildings with the addresses Ülikooli 16, Jakobi 2, and Lossi 3, Tartu city. The mortgage amounts to 4.79 million euros and collateral claims may amount to 0.48 million euros. At 31 December 2016, the carrying amount of the property was 10.78 million euros (31 December 2015: 11.18 million euros).
The loans from OP Corporate Bank plc Estonian branch (4, 5, 6) are secured with a mortgage of an immovable property with a building with the address Raatuse 22, Tartu city. The mortgage amounts to 4.32 million euros. At 31 December 2016, the carrying amount of the property was 4.52 million euros (31 December 2015: 4.67 million euros).
The loans taken from OP Corporate Bank plc Estonian branch (5, 6) are secured with a mortgage of an immovable property with a building with the address Lossi 36, Tartu city. The mortgage amounts to 5.94 million euros. At 31 December 2016, the carrying amount of the property was 5.60 million euros (31 December 2015: 5.81 million euros).
The loan agreements include covenants that require the University of Tartu to maintain certain financial ratios at certain levels. If the University of Tartu breaches a loan covenant, the bank may immediately call in the loan. At 31 December 2016, the University of Tartu was in compliance with all loan covenants.
Repayments of loan principal by year (in thousands of euros)
NOTE 14. PAYABLES AND DEFERRED INCOME
(In thousands of euros) 31 December 2016 31 December 2015
Security deposit liabilities 269 233
Trade payables 2,625 2,493
Payables to staff 2,519 2,428
Taxes payable 3,408 3,426
Social security tax 1,899 1,848
Personal income tax 1,021 988
Value added tax 243 352
Unemployment insurance contributions 126 122
Statutory funded pension contributions 97 93
Corporate income tax 22 23
Other payables 615 2,649
Grants and co-financing payable by the group as an intermediary 410 2,363
National education allowances and scholarships 187 276
Miscellaneous payables 18 10
Deferred income 13,622 12,023
Deferred grant and co-financing income (note 15) 13,057 11,196
Prepaid tuition fees 284 256
Advances under research and development contracts 275 180
Advance payments for property, plant and equipment sold 0 377
Other deferred income 6 14
Total 23,058 23,252
0
500
1000
1500
2000
2500
3000
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
68
NOTE 15. DEFERRED GRANT AND CO-FINANCING INCOME
(In thousands of euros) 31 December 2016 31 December 2015
Advance payments from Estonian residents
Estonian Research Council 1,372 1,658
Archimedes Foundation 1,259 1,138
Ministry of Education and Research 370 1 004
Environmental Investment Centre 330 126
Ministry of Foreign Affairs 127 145
Ministry of Defence 122 190
Information Technology Foundation for Education 36 14
SEB Pank AS 28 54
Cultural Endowment of Estonia 26 32
Estonian Fund for Nature 14 69
Estonian Defence Forces 13 13
Ministry of Social Affairs 13 274
Swedbank AS 10 14
Ministry of Internal Affairs 9 6
Ministry of Culture 4 6
Ministry of the Environment 1 39
Ministry of Justice 0 12
Ministry of Finance 0 10
Tartu City Government 0 7
Government Office of Estonia 0 5
Integration and Migration Foundation Our People 0 1
Other domestic grants 104 25
Advance payments from non-residents
EU 7th Framework Programme and programme for research and innovation Horizon 2020 7,597 4,598
Other international grants 1,622 1,756
Total 13,057 11,196
NOTE 16. PROVISIONS
(In thousands of euros) Grants
As at 31 December 2014 583
Provisions used during the year -576
Provisions reversed during the year -7
Provisions recognised during the year 1,105
As at 31 December 2015 1,105
Provisions used during the year -60
Provisions reversed during the year -1,045
Provisions recognised during the year 0
As at 31 December 2016 0
In 2016 the group used 60 thousand euros of the provision recognised at 31 December 2015 to settle partial recovery claims submitted by grant intermediaries in respect of expenses that had proved ineligible. A portion of 1,045 thousand euros was reversed because part of the expenses of the project Construction of the Estonian beamline at MAX-IV synchrotron in the programme Internationalisation of research, which had been provided for, proved eligible. In connection with the slow launch of projects receiving support from the European Union’s structural funds during the EU Financial Framework 2014-2020 and a sharp decrease in the volume of supported projects in 2016, there is no risk that a grant received or receivable for a project launched before the reporting date would have to be repaid or would not be collected which could be measured reliably or whose realisation probability would be above 50%.
69
NOTE 17. REVENUE FROM SALE OF GOODS AND PROVISION OF SERVICES
(In thousands of euros) 2016 2015
Education activities 4,871 4,620
Research and development activities 4,733 4,960
Lease and rental activities 4,562 4,559
Sale of goods 698 2,901
Other services 2,070 1,934
Total 16,934 18,974
Revenue from sale of goods and provision of services by geographical area:
(In thousands of euros) 2016 2015
Estonia 15,477 18,323
Other countries of the European Union 881 599
Other countries 576 52
Total 16,934 18,974
NOTE 18. STATE BUDGET FUNDING FOR EDUCATION ACTIVITIES
(In thousands of euros) 2016 2015
Funding for higher education 49,697 48,617
Funding for medical residents 14,367 12,779
Other state budget funding 292 115
Total 64,356 61,511
NOTE 19. STATE BUDGET FUNDING FOR RESEARCH ACTIVITIES
(In thousands of euros) 2016 2015
Institutional research support 12,628 12,628
Basic funding for research institutions 6,067 4,037
Funding for maintenance of institutional research support infrastructure 3,503 3,503
Funding for national programmes 1,380 813
State budget funding for scientific and research information for the library 828 845
Grants for research topics 524 746
Funding for core infrastructure 496 238
Funding for research institutions’ infrastructure expenses 146 208
Total 25,572 23,018
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NOTE 20. GRANTS RELATED TO ASSETS
(In thousands of euros) 2016 2015
Acquisition of a property at Narva mnt. 10, Tartu city, free of charge (Tartu City Government) 141 0
Acquisition of assets in projects of the EU 7th Framework Programme and programme for research and innovation Horizon 2020 136 197
Reconstruction of the square at W. Struwe 1, Tartu city (Tartu City Government, Ministry of Education and Research) 55 0
Acquisition of assets in projects of the European Territorial Cooperation Programme 52 0
Acquisition of study equipment (Information Technology Foundation for Education) 31 0
Acquisition of assets in the framework of the research infrastructure activity of programme ASTRA (Archimedes Foundation) 16 0
Acquisition of a property at Staadioni 8a, Tartu city, free of charge (Ministry of the Environment) 4 0
Acquisition of assets in projects of measure for modernising research equipment and facilities (Archimedes Foundation) 0 3,487
Acquisition of assets in projects of sub-measure for modernising research infrastructure of national importance (Archimedes Foundation) 0 3,478
Acquisition of assets in projects of measure for modernising small-scale research infrastructure (Archimedes Foundation) 0 546
Modernisation of study environment and exposition of the University of Tartu Natural History Museum (Environmental Investment Centre) 0 529
Acquisition of research equipment for centres of excellence (Archimedes Foundation) 0 298
Acquisition of assets in projects of the Estonian-Swiss Cooperation Programme (Ministry of the Environment) 0 298
Modernisation of professional higher education and teacher training infrastructure (Archimedes Foundation) 0 228
Acquisition of research equipment in projects for supporting energy, bio-, materials, environmental and healthcare technology R&D (Archimedes Foundation) 0 104
Acquisition of assets in projects of the Mobilitas programme (Estonian Research Council) 0 26
Acquisition of assets in projects of the programme for internationalisation of research (Ministry of Education and Research) -485 2,725
Other international grants related to assets 67 13
Other domestic grants related to assets 11 0
Total 28 11,929
In 2016, the University of Tartu as a recipient and intermediary of grants did not recognise income from recovery of grants related to assets (2015: 54 thousand euros). On the completion of the project Construction of the Estonian beamline at MAX-IV synchrotron in the programme Internationalisation of research the implementing agency, Archimedes Foundation, decided to reclaim part of the grant provided. Based on the decision, some of the expenses incurred by the University of Tartu were not reimbursed and the University of Tartu had to reduce previously recognised grant income by 485 thousand euros. Projects which received support from the EU structural funds during the Financial Framework 2007-2013 ended by 31 December 2015 and implementation of the Financial Framework 2014-2020 has started slowly. Therefore, in 2016 grants related to assets decreased substantially.
71
NOTE 21. GRANTS RELATED TO INCOME
(In thousands of euros) 2016 2015
Domestic grants related to income 13,482 12,771
Including
Grants from Estonian Research Council 6,406 6,453
Grants from Ministry of Education and Research 1,724 1,649
Grants from Information Technology Foundation for Education 1,509 1,301
Grants from Environmental Investment Centre 1,064 871
Grants from Archimedes Foundation 591 585
International grants related to income 16,387 33,134
Including
Grants from the European Union and its institutions 5,423 4,545
Grants passed on by Archimedes Foundation 3,723 14,765
Grants passed on by the Estonian Research Council 918 4,231
Grants passed on by Innove Foundation 319 0
Total 29,869 45,905
Due to recovery claims received, in 2016 the University of Tartu as a recipient and intermediary of grants reduced income from grants related to income by a total of 30 thousand euros (2015: 162 thousand euros).
NOTE 22. OTHER INCOME
(In thousands of euros) 2016 2015
Gain on sale of non-current assets 1,110 5
Membership fees 50 50
Donations from individuals and legal persons 19 50
Contractual penalties 1 15
Non-restricted funding 0 243
Marketing services provided by pharmacies 0 142
Miscellaneous income 50 53
Total 1,230 558
The sales price of investment property sold in 2016 was 271 thousand euros (2015: nil euros) and the sales price of items of property, plant and equipment sold in 2016 was 975 thousand euros (2015: 30 thousand euros).
NOTE 23. GOODS, MATERIALS AND SERVICES USED
(In thousands of euros) 2016 2015
Services purchased 15,455 13,654
Goods purchased 378 2,349
Materials purchased 88 135
Total 15,921 16,138
72
NOTE 24. OPERATING EXPENSES
(In thousands of euros) 2016 2015
Expenses on education and research activities 8,769 16,959
VAT expense 3,491 6,421
Work-related travel expenses 2,847 3,239
Utilities and maintenance expenses (excluding heating and electricity) 2,052 1,899
Office equipment maintenance and software expenses 1,821 1,713
Electricity expenses 1,256 1,660
Expenses on purchase of assets of immaterial value 1,231 1,347
Heating expenses 1,217 1,168
Office expenses and expenses on fixtures and fittings 886 1,157
Repair expenses 856 1,114
Transport expenses 853 864
Expenses on research equipment maintenance and supplies 818 834
Expenses on professional publications and literature 765 779
Lease and rental expenses 581 778
Advertising expenses 473 409
Telecommunications and postal expenses 146 179
Miscellaneous operating expenses 1,639 1,554
Total 29,701 42,074
NOTE 25. STAFF COSTS
(In thousands of euros) 2016 2015
Remuneration expenses 57,187 57,134
Other pay and benefits 337 328
Taxes on staff costs 19,183 19,234
Total 76,707 76,696
Average number of staff converted to full-time equivalent 2,909 3,045
NOTE 26. DEPRECIATION, AMORTISATION AND IMPAIRMENT LOSSES
(In thousands of euros) 2016 2015
Depreciation of property, plant and equipment (note 9) 13,378 12,394
Loss on write-off of property, plant and equipment (note 27) 2,215 353
Amortisation of intangible assets (note 10) 256 293
Depreciation of investment property (note 8) 49 49
Write-off of items of library collections (note 9) 21 37
Loss on write-off of intangible assets (note 27) 17 0
Total 15,936 13,126
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NOTE 27. LOSS ON WRITE-OFF OF PROPERTY, PLANT AND EQUIPMENT AND INTANGIBLE ASSETS
(In thousands of euros) 2016 Reason for write-off
Buildings
Lossi 25, Tartu city 188 Write-off of parts replaced during renovation
Ülikooli 18a, Tartu city 98 Write-off of parts replaced during renovation
Narva mnt 89, Tartu city 24 Write-off of parts replaced during renovation
Kalevi 24, Tartu city 11 Write-off of parts replaced during renovation
Vanemuise 46a, Tartu city 6 Write-off of parts replaced during renovation
Equipment and vehicles
Equipment and vehicles 1,468 Write-off in connection with an increase in recognition threshold
Equipment and vehicles 11 Write-off of unusable items
Other items of property, plant and equipment
Equipment and vehicles 403 Write-off in connection with an increase in recognition threshold
Equipment and vehicles 6 Write-off of unusable items
Total 2,215
Intangible assets
Intangible assets 17 Write-off in connection with an increase in recognition threshold
Total 17
(In thousands of euros) 2015 Reason for write-off
Buildings
Lossi 38, Tartu city 162 Write-off of parts replaced during renovation
Ülikooli 18, Tartu city 64 Write-off of parts replaced during renovation
Raatuse 22, Tartu city 57 Write-off of parts replaced during renovation
Ülikooli 16, Tartu city 35 Write-off of parts replaced during renovation
Lossi 3, Tartu city 27 Write-off of parts replaced during renovation
Vanemuise 46a, Tartu city 1 Write-off of parts replaced during renovation
Equipment and vehicles
Equipment and vehicles 5 Write-off of parts replaced during renovation
Other items of property, plant and equipment
Fixtures and fittings 2 Write-off of unusable items
Total 353
NOTE 28. OTHER EXPENSES
(In thousands of euros) 2016 2015
Entertainment expenses 837 920
Membership fees 300 314
Awards and gifts 93 89
Expenses on provisions for grants (note 16) -1,105 522
Miscellaneous expenses 54 17
Total 179 1,862
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NOTE 29. RELATED PARTY DISCLOSURES
For the purposes of these consolidated financial statements, related parties include:
the group’s associates;
non-profit associations that are not part of the University of Tartu group but are under the group’s significant influence;
foundations in which the University of Tartu group is a founder;
members of the executive and higher management of the University of Tartu (members of the council, the rector, vice rectors, deans, and heads of functions) and foundations, non-profit associations and companies under their control or significant influence;
members of the management boards of the subsidiaries of the University of Tartu and foundations, non-profit associations and companies under their control or significant influence;
close family members of the members of the executive or higher management of the University of Tartu and the members of the management boards of the subsidiaries including spouses, domestic partners and children, and foundations, non-profit associations and companies under their control or significant influence.
In line with amendments to the General Rules (section 491) which took effect on 24 November 2014, in the financial statements for periods beginning on or after 1 January 2015 reporting entities are required to disclose information only on those transactions with other related parties that are not in compliance with legal requirements, the reporting entity’s internal regulations or market terms and conditions. The University of Tartu has disclosed in its consolidated financial statements all related party transactions. In 2016 and 2015, there were no transactions that did not meet legal or the group’s internal regulations or were not conducted on market terms.
(In thousands of euros) Sales Purchases
2016 2015 2016 2015
Services 633 880 5,577 5,321
Associates 4 44 10 42
Non-profit associations 13 20 39 73
Foundations 594 685 5,478 5,099
Companies 21 129 50 107
Individuals 1 2 0 0
Goods 1 6 21 11
Foundations 1 1 6 6
Companies 0 5 15 5
Property, plant and equipment 710 0 0 79
Foundations 710 0 0 0
Companies 0 0 0 79
Total 1,344 886 5,598 5,411
In the consolidated statement of financial performance, sales of goods and services to related parties are included in Revenue from sale of goods and provision of services and purchases from related parties are included in Goods, materials and services used and Operating expenses. Items of property, plant and equipment purchased from related parties are included in Property, plant and equipment in the consolidated statement of financial position.
(In thousands of euros) Receivables Liabilities
31 December 2016 31 December 2015 31 December 2016 31 December 2015
Associates 0 0 6 2
Non-profit associations 0 0 0 3
Foundations 15 33 475 460
Companies 0 19 7 3
Total 15 52 488 468
75
(In thousands of euros) Advance payments received
31 December 2016 31 December 2015
Foundations 0 350
Total 0 350
In the consolidated statement of financial position, receivables from and prepayments made to related parties are included in Receivables and prepayments and liabilities to and advances from related parties are included in Payables and deferred income.
(In thousands of euros) Grant income
Grants related to assets Grants related to income
2016 2015 2016 2015
Non-profit associations 0 0 66 122
Foundations 44 30 8,836 12,286
Total 44 30 8,902 12,408
In the consolidated statement of financial performance, grant income from related parties is included in Grants related to assets and Grants related to income.
(In thousands of euros)
As at 31 December
Grants receivable Grants payable Deferred grant income
2016 2015 2016 2015 2016 2015
Foundations 475 1,190 0 155 1,407 1,672
Total 475 1,190 0 155 1,407 1,672
In the consolidated statement of financial position, grants receivable from related parties are included in Receivables and prepayments and grants payable to and deferred grant income from related parties are included in Payables and deferred income. Remuneration provided to group entities’ council and management board members:
(In thousands of euros) 2016 2015
MTÜ Tartu Ülikooli Akadeemiline Spordiklubi 82 72
University of Tartu 63 60
MTÜ Tartu Üliõpilasküla 39 36
MTÜ Tartu Üliõpilasmaja 31 31
OÜ Tartu Ülikooli Kirjastus 25 24
OÜ Tartu Ülikooli Kesklinna Apteek 27 20
OÜ Academus Hostel 5 5
OÜ Tartu Ülikooli Tamme Apteek 0 5
Total 272 253
The University of Tartu has no obligation to provide termination benefits to members of its council. Subsidiaries’ management board members are entitled to termination benefits in accordance with the terms and conditions of their service contracts. At 31 December 2016, contingent termination benefits payable to members of group entities’ executive and higher management totalled 93 thousand euros (31 December 2015: 82 thousand euros). In 2016 and 2015, no receivables from related parties were written down.
76
NOTE 30. CONTINGENT ASSETS AND LIABILITIES
Contingent assets and liabilities related to a contract for the reconstruction of the library building
On 10 May 2016, the University of Tartu and AS YIT Ehitus signed contract no. 6-20/KV/13 on the reconstruction of the library building at W. Struve 1 in Tartu. Due to delays in the delivery of the work agreed for phases I and II of the contract, the University of Tartu has claimed a contractual penalty of 3,808,991.69 euros. As at 31 December 2016, the amount is accounted for as a contingent asset because according to management’s estimates realisation of the asset is uncertain. According to the estimates of the University of Tartu, the cost of work properly performed on the library building and to be paid for amounts to 319 thousand euros. According to the estimates of AS YIT Ehitus, the cost of such work amounts to 867 thousand euros. In the current stage of the negotiations the amount of the possible obligation cannot be measured reliably. Accordingly, the group has not recognised a provision for the expenditures in its statement of financial position. For further information, please refer to note 33.
Possible liabilities from tax audits
The tax authorities may audit the group’s tax accounting within five years after the deadline for the submission of a tax return. On the detection of a misstatement or omission, the tax authorities may charge additional tax, late payment interest and penalty payments. The group’s management is not aware of any circumstances that might cause the tax authorities to assess a significant amount of additional tax to be paid by the group.
Mortgages
The group has created two mortgages on its properties for the benefit of Swedbank AS: on Vanemuise 46, Tartu city, and Pepleri 14, Tartu city. The mortgage on Vanemuise 46 amounts to 1.60 million euros and collateral claims may total 0.16 million euros. The mortgage on Pepleri 14 amounts to 0.32 million euros and collateral claims may total 0.03 million euros. The group has also created a mortgage for the benefit of SEB Pank AS on the property at Nooruse 1, Tartu city. The mortgage amounts to 4.79 million euros. At the end of 2016, the University of Tartu did not have any outstanding contractual commitments that the above mortgages should have secured.
Other contingent liabilities
Based on Agreement on Termination of Building Rights Contract, Building Rights Contract and Agreement on Creation of Pre-emptive Right No. 4831/2009, entered into by the University of Tartu, the Ministry of Education and Research and Citrina Foundation UK Limited, the building rights contract on the property at Riia 23b in Tartu city, entered into by the University of Tartu and Citrina Foundation UK Limited on 27 May 1998, was terminated, new building rights were created for the benefit of the administrator of state assets, the Ministry of Education and Research, for a term of 50 years and it was decided that the buildings would remain in the ownership of the University of Tartu. Under the agreement, the University of Tartu undertook to sign a no-charge rental agreement with the Estonian Biocentre for a term of at least 50 years on the premises of the research building at Riia 23b in Tartu city, as outlined in the building plans attached to the agreement. The Estonian Biocentre has to pay the utilities charges and other management expenses arising from the part of the building placed at its disposal. If the University of Tartu does not meet the said obligation, Citrina Foundation UK Limited may charge a contractual penalty of 1.02 million euros.
77
In accordance with the Creation of Usufruct and Real Right Contract No. 716, signed between the University of Tartu and Tehvandi Sports Centre Foundation on 22 March 2012, a fixed-term usufruct of 50 years was created on the Kääriku property for the benefit of Tehvandi Sports Centre Foundation as from 1 April 2012. Under the agreement, on the expiry of the usufruct the University of Tartu will compensate Tehvandi Sports Centre Foundation for all investments that have been agreed with the University of Tartu in writing. The compensation will be calculated by applying a 3% annual depreciation rate. Investments that have not been agreed with the University of Tartu need not be compensated on the expiry of the usufruct. Nor is there any obligation to compensate the holder of the usufruct for expenditures financed from the EU structural funds or other funds by way of non-refundable support. The University of Tartu has agreed to compensate Tehvandi Sports Centre Foundation on the expiry of the usufruct for investments of 155 thousand euros which will be depreciated at the rate of 3% per year from the month of their implementation. As at 31 December 2016, the carrying amount of investments to be compensated was 139 thousand euros (31 December 2015: 144 thousand euros).
NOTE 31. ASSETS ACCOUNTED FOR OFF THE STATEMENT OF FINANCIAL POSITION
In 2016, assets with a cost of 2,000 euros to 4,999.99 euros were accounted for off the statement of financial position. At the reporting date, the total cost of such assets was 8.93 million euros (31 December 2015: 10.94 million euros). The library items of the library of the University of Tartu are accounted for in detail in the library information system ESTER. At 31 December 2016, the estimated total value of the library’s collections was 39.44 million euros (31 December 2015: 38.23 million euros), of which 9.69 million euros (31 December 2015: 9.37 million euros) was recognised in the consolidated statement of financial position (see note 9). At the reporting date, the collection of the University of Tartu Botanical Gardens included 10,298 taxonomic units (species and varieties) of trees, bushes and other plants (31 December 2015: 10,001 taxonomic units). Detailed accounts of items stored in museum collections are kept by the museums. From 2011, the assets included in museum collections are recognised in the consolidated statement of financial position in aggregated sets. At the reporting date, the total value of the museum collections was 0.09 million euros (31 December 2015: 0.08 million euros). Altogether, at the reporting date the museums had 1,283,035 storage items (31 December 2015: 1,257,105 storage items): the History Museum had 75,187 storage items (31 December 2015: 74,437 storage items), the Art Museum had 33,804 storage items (31 December 2015: 31,121 storage items), the Natural History Museum had 1,173,991 storage items (31 December 2015: 1,151,494 storage items), the library had 30 storage items (31 December 2015: 30 storage items) and the faculty of medicine had 23 storage items (31 December 2015: 23 storage items).
78
NOTE 32. EFFECTS OF THE CHANGE IN PRESENTATION
The following tables summarise the effects of the change in presentation on the cash flow statements for 2015.
Effects on the group’s consolidated statement of cash flows for 2015
(In thousands of euros) Cash flows in the consolidated
statement of cash flows for 2015
Effect of the
change
Adjusted consolidated
statement of cash flows for 2015
Cash flows from operating activities
Surplus on operating activities 4,005 0 4,005
Adjustments for
Depreciation, amortisation and impairment losses 13,126 0 13,126
Gain on sale of non-current assets -5 0 -5
Change in provisions 522 0 522
Gain on change in interest on a non-current receivable -1 0 -1
Grants related to assets received 0 -11,929 -11,929
Grants related to assets passed through (as an intermediary) 0 1,094 1,094
Change in receivables and prepayments 10,747 -2,443 8,304
Change in inventories 289 0 289
Change in payables and deferred income -2,541 1,100 -1,441
Interest paid -107 0 -107
Corporate income tax paid -6 0 -6
Net cash from operating activities 26,029 -12,178 13,851
Cash flows from investing activities
Paid on acquisition of property, plant and equipment -7,080 0 -7,080
Proceeds from sale of property, plant and equipment 391 0 391
Paid for assets under construction -5,411 0 -5,411
Prepayments made for property, plant and equipment -898 0 -898
Proceeds from sale of investment property 0 0 0
Paid on acquisition of intangible assets -110 0 -110
Prepayments made for intangible assets -11 0 -11
Proceeds from government grants related to assets 0 13,714 13,714
Government grants related to assets paid (partners) 0 -1,536 -1,536
Collection of a non-current receivable 2 0 2
Interest received 10 0 10
Net cash used in investing activities -13,107 12,178 -929
Cash flows from financing activities
Proceeds from loans received 0 0 0
Repayment of loans received -3,030 0 -3,030
Payment of finance lease principal -6 0 -6
Net cash used in financing activities -3,036 0 -3,036
Net cash flow 9,886 0 9,886
Cash and cash equivalents at beginning of year 14,948 0 14,948
Increase in cash and cash equivalents 9,886 0 9,886
Cash and cash equivalents at end of year 24,834 0 24,834
79
Effects on the separate statement of cash flows of the University of Tartu for 2015
(In thousands of euros) Cash flows in the statement of
cash flows for 2015
Effect of the change
Adjusted statement of
cash flows for 2015
Cash flows from operating activities
Surplus on operating activities 3,827 0 3,827
Adjustments for
Depreciation, amortisation and impairment losses 13,013 0 13,013
Gain on sale of non-current assets -10 0 -10
Change in provisions 522 0 522
Gain on change in interest on a non-current receivable -1 0 -1
Grants related to assets received 0 -11,929 -11,929
Grants related to assets passed through (as an intermediary) 0 1,094 1,094
Change in receivables and prepayments 10,688 -2,443 8,245
Change in inventories 153 0 153
Change in payables and deferred income -2,391 1,100 -1,291
Interest paid -106 0 -106
Net cash from operating activities 25,695 -12,178 13,517
Cash flows from investing activities
Paid on acquisition of property, plant and equipment -6,927 0 -6,927
Proceeds from sale of property, plant and equipment 390 0 390
Paid for assets under construction -5,323 0 -5,323
Prepayments made for property, plant and equipment -898 0 -898
Paid on acquisition of intangible assets -110 0 -110
Prepayments made for intangible assets -11 0 -11
Proceeds from government grants related to assets 0 13,714 13,714
Government grants related to assets paid (partners) 0 -1,536 -1,536
Collection of a non-current receivable 2 0 2
Interest received 9 0 9
Dividends received 24 0 24
Net cash used in investing activities -12,844 12,178 -666
Cash flows from financing activities
Repayment of loans received -3,030 0 -3,030
Payment of finance lease principal -1 0 -1
Net cash used in financing activities -3,031 0 -3,031
Net cash flow 9,820 0 9,820
Cash and cash equivalents at beginning of year 13,470 0 13,470
Increase in cash and cash equivalents 9,820 0 9,820
Cash and cash equivalents at end of year 23,290 0 23,290
80
NOTE 33. EVENTS AFTER THE REPORTING PERIOD
At a meeting held on 2 September 2016, the sole shareholder of OÜ Tartu Ülikooli Kesklinna Apteek decided to terminate the operation of the entity from 31 October 2016 and to carry out liquidation proceedings. During the liquidation proceedings, on 1 March 2017, the sole shareholder, the University of Tartu, approved the subsidiary’s final balance sheet and asset distribution plan according to which in 2017 the shareholder will be paid the entity’s share capital at par value and liquidation proceeds. On 10 May 2016, the University of Tartu and AS YIT Ehitus signed contract no. 6-20/KV/13 on the reconstruction of the library building at W. Struve 1 in Tartu. Due to delays in the delivery of the work agreed for phases I and II of the contract, the University of Tartu has claimed a contractual penalty of 3,808,991.69 euros. As at 31 December 2016, the amount is accounted for as a contingent asset because according to management’s estimates realisation of the asset is uncertain (see note 30). Compromise negotiations, mapping of work done and valuation of materials and equipment ordered has lasted since 4 January 2017. Both parties have involved in the valuation their external experts. The key difference in the parties’ positions relates to work whose quality does not meet the requirements of the procurement documents and/or project documentation. In addition, there are differences of opinion regarding the quality and cost of materials ordered. According to the estimates of the University of Tartu, the cost of work properly performed on the library building and to be paid for amounts to 319 thousand euros. According to the estimates of AS YIT Ehitus, the cost of such work amounts to 867 thousand euros. In the current stage of the negotiations the amount of the possible obligation cannot be measured reliably. Accordingly, the group has not recognised a provision for the expenditures in its statement of financial position (see note 30). On 21 March 2017, the University of Tartu sent AS- YIT Ehitus an official letter in which it outlined its final compromise proposal (cost of work performed, compensation, damages). The proposal was the group’s last compromise proposal before judicial proceedings and thus further resolution of the dispute can take place in court only. On 5 April 2017, the University of Tartu submitted a proof of claim to Nordea Bank AB Estonian branch to receive a payment based on the letter of guarantee no. 09T20819114355, in response to which on 18 April 2017 the bank paid to the group’s bank account the guaranteed amount of 669,597 euros. In order to carry out a new procurement of construction work, in January 2017 the University of Tartu commissioned an independent valuation of construction work performed from an external expert (P.P. Ehitusjärelevalve OÜ). At the date of completion of this report, preparations for a new procurement are under way.
81
NOTE 34. SEPARATE PRIMARY FINANCIAL STATEMENTS OF THE UNIVERSITY OF TARTU
University of Tartu statement of financial position
(In thousands of euros) 31 December 2016 31 December 2015
ASSETS
Current assets
Cash and cash equivalents 34,306 23,290
Receivables and prepayments 14,997 23,418
Inventories 95 93
Total current assets 49,398 46,801
Non-current assets
Investments in subsidiaries and associates 40 69
Investments in financial assets 2 2
Receivables and prepayments 5 7
Investment property 1,559 1,608
Property, plant and equipment 226,147 237,424
Intangible assets 2,381 2,380
Total non-current assets 230,134 241,490
TOTAL ASSETS 279,532 288,291
LIABILITIES AND NET ASSETS
Liabilities
Current liabilities
Borrowings 2,905 2,938
Payables and deferred income 22,382 22,413
Provisions 0 1,105
Total current liabilities 25,287 26,456
Non-current liabilities
Borrowings 10,446 8,792
Total non-current liabilities 10,446 8,792
Total liabilities 35,733 35,248
Net assets
Capital of the university 144,182 144,182
Accumulated surpluses 108,861 105,107
Deficit/surplus for the year -9,244 3,754
Total net assets 243,799 253,043
TOTAL LIABILITIES AND NET ASSETS 279,532 288,291
82
University of Tartu statement of financial performance
(In thousands of euros) 2016 2015
Revenue
Revenue from sale of goods and provision of services 13,096 12,937
State budget funding for education activities 64,356 61,511
State budget funding for research activities 25,572 23,018
Grants related to assets 28 11,929
Grants related to income 29,260 45,262
Other income 1,049 335
Total revenue 133,361 154,992
Expenses
Goods, materials and services used -13,793 -12,113
Operating expenses -28,803 -41,060
Scholarships and study grants -8,709 -7,846
Staff costs -74,008 -73,943
Depreciation, amortisation and impairment losses -15,737 -13,013
Other expenses -1,518 -3,190
Total expenses -142,568 -151,165
Deficit/surplus on operating activities -9,207 3,827
Share of profit of subsidiaries 24 24
Share of loss of associates -6 0
Interest income 7 8
Interest expense -62 -105
Deficit/surplus before income tax -9,244 3,754
Deficit/surplus for the year -9,244 3,754
83
University of Tartu statement of cash flows
(In thousands of euros) 2016 2015
Cash flows from operating activities
Deficit/surplus on operating activities -9,207 3,827
Adjustments for
Depreciation, amortisation and impairment losses 15,737 13,013
Gain on sale of property, plant and equipment -1,005 -10
Non-monetary grants related to assets -145 0
Change in provisions -1,105 522
Gain on change in interest on a non-current receivable 0 -1
Grants related to assets received 117 -11,929
Grants related to assets passed through (as an intermediary) -8 1,094
Change in receivables and prepayments 2,693 8,245
Change in inventories -2 153
Change in payables and deferred income 1,099 -1,291
Interest paid -62 -106
Net cash from operating activities 8,112 13,517
Cash flows from investing activities
Paid on acquisition of property, plant and equipment -1,387 -6,927
Proceeds from sale of property, plant and equipment 407 390
Paid for assets under construction -2,733 -5,323
Prepayments made for property, plant and equipment -43 -898
Proceeds from sale of investment property 271 0
Paid on acquisition of intangible assets -274 -110
Prepayments made for intangible assets 0 -11
Proceeds from government grants related to assets 5,612 13,714
Government grants related to assets paid (partners) -625 -1,536
Proceeds from repayment for subsidiary’s shares on merger of subsidiaries 22 0
Collection of a non-current receivable 2 2
Interest received 7 9
Dividends received 24 24
Net cash from/used in investing activities 1,283 -666
Cash flows from financing activities
Proceeds from loans received 4,560 0
Repayment of loans received -2,939 -3,030
Payment of finance lease principal 0 -1
Net cash from/used in financing activities 1,621 -3,031
Net cash flow 11,016 9,820
Cash and cash equivalents at beginning of year 23,290 13,470
Increase in cash and cash equivalents 11,016 9,820
Cash and cash equivalents at end of year 34,306 23,290
84
University of Tartu statement of changes in net assets
(In thousands of euros) Capital of the university
Accumulated surpluses
Surplus/deficit for the year
Total
As at 31 December 2014 144,182 97,468 7,639 249,289
Transfer of surplus to accumulated surpluses 0 7,639 -7,639 0
Surplus for the year 0 0 3,754 3,754
As at 31 December 2015 144,182 105,107 3,754 253,043
Transfer of surplus to accumulated surpluses 0 3,754 -3,754 0
Deficit for the year 0 0 -9,244 -9,244
As at 31 December 2016 144,182 108,861 -9,244 243,799
University of Tartu adjusted unconsolidated net assets
(In thousands of euros) 31 December 2016 31 December 2015
Unconsolidated net assets of the University of Tartu 243,799 253,043
Less: carrying amount of interests in subsidiaries and associates -40 -69
Plus: value of interests in subsidiaries and associates under the equity method
1,624 1,791
Total 245,383 254,765
Tel: +372 627 5500 A. H. Tammsaare tee 47 Fax: +372 627 5501 11316 Tallinn [email protected] ESTONIA www.bdo.ee
BDO Eesti AS
Registrikood 10309827 VAT nr EE100081343 Tegevusluba 1
BDO Eesti AS, Estonian limited liability company, is a member of BDO International Limited, a UK company limited by guarantee, and forms part of the
international BDO network of independent member firms.
SÕLTUMATU VANDEAUDIITORI ARUANNE
Tartu Ülikooli nõukogule
Arvamus
Oleme auditeerinud Tartu Ülikooli ja selle tütarettevõtjate (koos Kontsern) konsolideeritud
raamatupidamise aastaaruannet, mis sisaldab konsolideeritud bilanssi seisuga 31. detsember 2016 ning
konsolideeritud tulemiaruannet, konsolideeritud rahavoogude aruannet ja konsolideeritud netovara
muutuste aruannet eeltoodud kuupäeval lõppenud majandusaasta kohta ning lisasid, mis sisaldavad
konsolideeritud raamatupidamise aastaaruande koostamisel kasutatud oluliste arvestuspõhimõtete
kokkuvõtet ja muud selgitavat informatsiooni.
Meie arvates kajastab konsolideeritud raamatupidamise aastaaruanne kõigis olulistes osades õiglaselt Tartu
Ülikooli ja selle tütarettevõtjate konsolideeritud finantsseisundit seisuga 31. detsember 2016 ning sellel
kuupäeval lõppenud majandusaasta konsolideeritud finantstulemust ja konsolideeritud rahavoogusid
kooskõlas Eesti hea raamatupidamistavaga.
Arvamuse alus
Viisime auditi läbi kooskõlas rahvusvaheliste auditeerimise standarditega (Eesti). Meie kohustusi vastavalt
nendele standarditele kirjeldatakse täiendavalt meie aruande osas „Vandeaudiitori kohustused seoses
konsolideeritud raamatupidamise aastaaruande auditiga”. Me oleme Kontsernist sõltumatud kooskõlas
kutseliste arvestusekspertide eetikakoodeksiga (Eesti) (eetikakoodeks (EE)), ja oleme täitnud oma muud
eetikaalased kohustused vastavalt eetikakoodeksi (EE) nõuetele.
Usume, et kogutud auditi tõendusmaterjal on piisav ja asjakohane meie arvamuse avaldamiseks.
Muu informatsioon
Rektor vastutab muu informatsiooni eest. Muu informatsioon hõlmab tegevusaruannet, kuid ei hõlma
konsolideeritud raamatupidamise aastaaruannet ega meie asjaomast vandeaudiitori aruannet.
Meie arvamus konsolideeritud raamatupidamise aastaaruande kohta ei hõlma muud informatsiooni ja me ei
avalda muu informatsiooni kohta kindlustandvat arvamust.
Konsolideeritud raamatupidamise aastaaruande auditeerimise käigus on meie kohustus lugeda muud
informatsiooni ja kaaluda seda tehes, kas muu informatsioon sisaldab olulisi vasturääkivusi konsolideeritud
raamatupidamise aastaaruandega või meie poolt auditi käigus saadud teadmistega või tundub muul viisil
olevat oluliselt väärkajastatud. Kui me teeme tehtud töö põhjal järelduse, et muu informatsioon on oluliselt
väärkajastatud, oleme kohustatud selle info oma aruandes välja tooma. Meil ei ole sellega seoses midagi
välja tuua.
Rektori ja nende, kelle ülesandeks on valitsemine, kohustused seoses konsolideeritud raamatupidamise
aastaaruandega
Rektor vastutab konsolideeritud raamatupidamise aastaaruande koostamise ja õiglase esitamise eest
kooskõlas Eesti hea raamatupidamistavaga ja sellise sisekontrolli eest, nagu juhtkond peab vajalikuks, et
võimaldada kas pettusest või veast tulenevate oluliste väärkajastamisteta konsolideeritud raamatupidamise
aastaaruande koostamist.
Konsolideeritud raamatupidamise aastaaruande koostamisel on juhtkond kohustatud hindama Kontserni
suutlikkust jätkata jätkuvalt tegutsevana, esitama infot, kui see on asjakohane, tegevuse jätkuvusega
seotud asjaolude kohta ja kasutama tegevuse jätkuvuse arvestuse alusprintsiipi, välja arvatud juhul, kui
juhtkond kavatseb kas Kontserni likvideerida või tegevuse lõpetada või tal puudub sellele realistlik
alternatiiv.
Need, kelle ülesandeks on valitsemine, vastutavad Kontserni raamatupidamise aruandlusprotsessi üle
järelevalve teostamise eest.
BDO Eesti AS, Estonian limited liability company, is a member of BDO International Limited, a UK company limited by guarantee, and forms part of the
international BDO network of independent member firms.
Vandeaudiitori kohustused seoses konsolideeritud raamatupidamise aastaaruande auditiga
Meie eesmärk on saada põhjendatud kindlus selle kohta, kas konsolideeritud raamatupidamise aastaaruanne
tervikuna on kas pettusest või veast tulenevate oluliste väärkajastamisteta, ja anda välja vandeaudiitori
aruanne, mis sisaldab meie arvamust. Põhjendatud kindlus on kõrgetasemeline kindlus, kuid see ei taga, et
olulise väärkajastamise eksisteerimisel see kooskõlas rahvusvaheliste auditeerimise standarditega (Eesti)
läbiviidud auditi käigus alati avastatakse. Väärkajastamised võivad tuleneda pettusest või veast ja neid
peetakse oluliseks siis, kui võib põhjendatult eeldada, et need võivad üksikult või koos mõjutada
majanduslikke otsuseid, mida kasutajad konsolideeritud raamatupidamise aastaaruande alusel teevad.
Kasutame auditeerides vastavalt rahvusvaheliste auditeerimise standarditele (Eesti) kutsealast otsustust ja
säilitame kutsealase skeptitsismi kogu auditi käigus. Me teeme ka järgmist:
teeme kindlaks ja hindame konsolideeritud raamatupidamise aastaaruande kas pettusest või veast
tuleneva olulise väärkajastamise riskid, kavandame ja teostame auditiprotseduurid vastuseks nendele
riskidele ning hangime piisava ja asjakohase auditi tõendusmaterjali, mis on aluseks meie arvamusele.
Pettusest tuleneva olulise väärkajastamise mitteavastamise risk on suurem kui veast tuleneva
väärkajastamise puhul, sest pettus võib tähendada salakokkulepet, võltsimist, info esitamata jätmist,
vääresitiste tegemist või sisekontrolli eiramist;
omandame arusaamise auditi puhul asjassepuutuvast sisekontrollist, et kavandada nendes tingimustes
asjakohaseid auditiprotseduure, kuid mitte arvamuse avaldamiseks Kontserni sisekontrolli
tulemuslikkuse kohta;
hindame kasutatud arvestuspõhimõtete asjakohasust ning juhtkonna arvestushinnangute ja nendega
seoses avalikustatud info põhjendatust;
teeme järelduse juhtkonna poolt tegevuse jätkuvuse arvestuse alusprintsiibi kasutamise asjakohasuse
kohta ja saadud auditi tõendusmaterjali põhjal selle kohta, kas esineb olulist ebakindlust sündmuste
või tingimuste suhtes, mis võivad tekitada märkimisväärset kahtlust Kontserni suutlikkuses jätkata
jätkuvalt tegutsevana. Kui me teeme järelduse, et eksisteerib oluline ebakindlus, oleme kohustatud
juhtima vandeaudiitori aruandes tähelepanu konsolideeritud raamatupidamise aastaaruandes selle
kohta avalikustatud infole või kui avalikustatud info on ebapiisav, siis modifitseerima oma arvamust.
Meie järeldused põhinevad vandeaudiitori aruande kuupäevani saadud auditi tõendusmaterjalil.
Tulevased sündmused või tingimused võivad siiski kahjustada Kontserni suutlikkust jätkata jätkuvalt
tegutsevana;
hindame konsolideeritud raamatupidamise aastaaruande üldist esitusviisi, struktuuri ja sisu, sealhulgas
avalikustatud informatsiooni, ning seda, kas konsolideeritud raamatupidamise aastaaruanne esitab
aluseks olevaid tehinguid ja sündmusi viisil, millega saavutatakse õiglane esitusviis;
hangime piisava asjakohase tõendusmaterjali Kontserni kuuluvate majandusüksuste või äritegevuste
finantsinformatsiooni kohta, avaldamaks arvamust konsolideeritud raamatupidamise aastaaruande kui
terviku kohta. Me vastutame Kontserni auditi juhtimise, järelvalve ja läbiviimise eest ja oleme
ainuvastutavad oma auditi arvamuse eest.
Me vahetame infot nendega, kelle ülesandeks on Kontserni valitsemine, muu hulgas auditi planeeritud
ulatuse ja ajastuse ning oluliste auditi tähelepanekute kohta, sealhulgas auditi käigus tuvastatud oluliste
sisekontrollisüsteemi puuduste kohta.
/digitaalselt allkirjastatud/
Laile Kaasik
Vandeaudiitor, litsents nr 511
/digitaalselt allkirjastatud/
Liina Oolup
Vandeaudiitor, litsents nr 661
BDO Eesti AS
Tegevusluba nr 1
A. H. Tammsaare tee 47, 11316 Tallinn
9. mai 2017
87
SIGNATURES TO ANNUAL REPORT 2016
The annual report of the University of Tartu for the year ended 31 December 2016 consists of an activity report and consolidated financial statements. The management of the University of Tartu has prepared the activity report and the consolidated financial statements. The consolidated financial statements are accompanied by an independent auditor’s report. The rector of the University of Tartu has reviewed the annual report and has approved it for presentation to the council of the university. / signed digitally / ______________________ Volli Kalm Rector, Professor / signed digitally / ______________________ Taimo Saan Head of Finance / signed digitally / ______________________ Kadi Külm Acting Chief Accountant
Ülikooli 1850090 Tartu ESTONIA
Information desk 737 5100E-mail [email protected] www.ut.ee
Twitter www.twitter.com/tartuuniversityFacebook www.facebook.com/tartuylikoolYouTube www.youtube.com/TartuUniversity
Univeristy of Tartu. Annual Report 2016
ACTIVITY REPORTEditors: Annika Tina, Helina Riisalu, Katrin Pajuste-Kuul
The report was compiled with the assistance of Annely Allik, Teele Arak, Kalle Hein, Ülle Hendrikson, Laura Hütt, Ingrid Jaggo, Tuuli Kaldma, Katriin Kaljovee, Kaja Karo, Kristi Kerge, Mihkel Kree, Kristi Kuningas, Kalmer Lauk, Helle Lilleorg, Jelena Makarova, Liana Martin, Reet Mägi, Kristin Männik, Karin Org, Lehti Pilt, Kärt Puura, Lauri Randveer, Tiia Ristolainen, Kersti Roosimäe, Mairo Rääsk, Marek Sammul, Aire Seene, Ülle Tensing, Raivo Valk, Sirje Üprus and many others.
Translation: Ann KuslapDesign: Helina Riisalu
Photography: Andres Tennus, Kristi Henno, Sander Ilvest, Aliis Liin, Sigita Matuleviciene, Erik Peinar, Rene Saarsoo, Peeter Säälik, Erlend Štaub, Siim Vatalin, Sirje Üprus, ERR, Tartu University Hospital, webpage of UT Symphony Orchestra, Facebook page of UT Academic Women’s Choir, Pärnu Postimees
More detailed data tables are available on the UT website ut.ee/et/ulikool-arvudes
FINANCIAL STATEMENTSEditors: Kaie Aia, Anne Iher, Kristina Kurakina, Kadi Külm, Taimo SaanDesign: Evi Roomets
Copyright University of Tartu 2017
ISSN 1406-7072
Univeristy of Tartu
Annual Report2016
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