9. Explanatory notes to the various items of the consolidated statement of revenues and charges

Revenues

3.1.	Government contributions	2022	2021

3.1.1.	Government contributions OCW	196,664,019	172,316,850
3.1.2.	Earmarked subsidies OCW	29,931	835,141
	Total government contributions	196,693,950	173,151,991

The government contribution is higher than budgeted (€191.1 million). Due to the Administrative Agreement between universities and OCW, Tilburg University received additional government funding for Sector Plans and starter and incentive grants. Additional compensation was also received for loss of revenues following the introduction of the halving of the statutory tuition fees for first-year Bachelor’s students.

The earmarked subsidies OCW refer to funds allocated in 2021 to COVID-19 job subsidies that were spent in 2022.

3.3.	Tuition fees	2022	2021

3.3.4.1.	Statutory tuition fees	22,733,689	25,869,568
3.3.4.2.	Institutional tuition fees	10,401,808	10,216,925
	Total Tuition Fees	33,135,497	36,086,493

Revenues from tuition fees are in line with the budget (€32.7 million). The decrease from last year is partly due to lower student numbers and the halving of tuition fees for all students in 2021.

3.4.	Revenues work commissioned by third parties	2022	2021

3.4.1.	Contract education	24,914,564	25,245,558

3.4.2.	Contract research
3.4.2.1.	International organizations	5,698,291	5,756,436
3.4.2.2.	National governments	3,075,027	2,976,530
3.4.2.3.	NWO	7,363,645	7,483,240
3.4.2.4.	KNAW	63,596	200,455
3.4.2.5.	Other non-profit organizations	2,364,491	1,674,852
3.4.2.6.	Companies	703,932	359,275
	Total Contract research	19,268,982	18,450,789

3.4.5.	Other Revenues commissioned by third parties	6,642,118	5,341,043

	Total Revenues work commissioned by third parties	50,825,664	49,037,391

The item of contract education mainly concerns TIAS (€21.9 million in 2022; €22.1 million in 2021).

The contract research item includes both revenues from projects in progress and grant projects. The NWO item consists of €2.7 million of revenues from ZonMw projects (2021: €2.8 million).

The revenues from grant projects are mostly revenues that, depending on the duration of a research project, are granted for the duration of a number of years.

Revenues from work for third parties (€50.8 million) was lower than budgeted (€53.9 million) due to tightness in the labor market.

3.5.	Other Revenues	2022	2021

3.5.1.	Rental revenues	418,741	410,506
3.5.2.	Secondment of staff	766,653	742,570
3.5.4.	Subsidies	4,171,303	4,500,029
3.5.7.	Student contributions	764,313	812,458
3.5.8.	Sale of (educational) materials	566,490	363,766
3.5.10.	Other	3,953,861	3,390,664
	Total Other Revenues	10,641,362	10,219,994

Other revenues are in line with the budget (€10.3 million). As of this fiscal year, the item at third-party data education is included in miscellaneous other revenues instead of sales (educational) materials. This has also been corrected for 2021 (€0.3 million).

The item “Miscellaneous other revenues" is further specified below.

3.5.10.	Specification Miscellaneous Other Revenues
3.5.10.1.	Services/personnel support	732,503	1,101,459
3.5.10.2.	Sports memberships	872,552	485,174
3.5.10.3.	Other revenues	2,348,806	1,804,031
		3,953,861	3,390,664

Charges

4.1.	Personnel expenses	2022	2021

4.1.1.	Wages and salaries
4.1.1.1.	Gross wages and salaries	142,867,285	134,526,217
4.1.1.2.	Social security charges	18,000,217	16,983,851
4.1.1.5.	Pension costs	23,384,165	22,248,584
	Total Wages and salaries	184,251,666	173,758,651

4.1.2.	Other personnel charges
4.1.2.1.	Allocations to personnel provisions	2,222,361	1,648,441
4.1.2.2.	Charges for external personnel	21,816,796	18,903,398
4.1.2.3.	Other	7,975,504	6,591,892
	Total Other personnel Charges	32,014,660	27,143,731

4.1.3.	Benefits received	-1,360,746	-1,262,013

	Total Personnel expenses	214,905,580	199,640,369

Personnel expenses are lower than the budget (€219 Million). On the one hand, there is an increase in costs as a result of the Collective Labour Agreement concluded. On the other hand, Schools and Divisions are faced with vacancies that have been open longer and/or are more difficult to fill. On an overall level, this translates into lower personnel expenses than budgeted.

As of January 31, 2023, the pension fund's policy coverage ratio is 111.1% (source: website www.abp.nl, dated February 2, 2023). Tilburg University has no obligation to pay additional amounts in the event of a deficit in the pension fund, other than the effect of higher future contributions, and has, therefore, only accounted for the contributions payable up to the end of the fiscal year in the financial statements.

During the year 2022, an average of 2,139 FTEs were employed (2021: 2,054 FTEs): 37 FTEs board/management (2021: 37 FTEs), 1,226 FTEs primary process staff (2021: 1,193 FTEs) and 876 FTEs support staff (2021: 824 FTEs). There are no employees based abroad (2021: 0 FTE).

4.2.	Depreciation	2022	2021

4.2.1.	Intangible assets	354,875	354,875
4.2.2.1.	Buildings and Grounds	8,691,905	8,888,925
4.2.2.2.	Inventory and equipment	5,672,752	4,840,450
	Total Depreciation	14,719,532	14,084,250

Depreciation expenses are reasonably in line with the budget (€15.2 million).

4.3.	Housing charges	2022	2021

4.3.1.	Rent	2,847,979	2,952,605
4.3.2.	Insurance	478,663	437,237
4.3.3.	Maintenance	2,957,850	3,051,226
4.3.4.	Energy and water	3,091,894	2,136,879
4.3.5.	Cleaning costs	2,882,229	2,604,088
4.3.6.	Taxes and levies	771,079	782,127
4.3.8.	Other housing charges	1,034,486	2,297,324
	Total Housing charges	14,064,181	14,261,486

Housing costs are in line with the budget (€14.1 million). Due to the expiring fixed contract for gas and heating, energy costs increased. This is offset by lower project-related housing costs.

4.4.	Miscellaneous other charges	2022	2021

4.4.1.	Administration and management	2,754,252	2,034,109
4.4.2.	Inventory and equipment	11,986,473	10,074,612
4.4.3.	Books and literature	4,439,420	3,865,556
4.4.4.	Allocation of other provisions	298,996	185,635
4.4.5.	Miscellaneous other charges	21,552,561	17,367,532
	Total Miscellaneous other charges	41,031,701	33,527,443

Other expenses are lower than budgeted (€42.7 million). Major causes are the not fully realized utilization of the Decentralized Employment Conditions funds at Administration posts and underspending in the realization of the strategic projects.

The increase in the item of inventory and equipment is largely explained by the fact that costs for Software as a Service (SaaS) are taken directly into operations.

The item "Miscellaneous other expenses" is further specified below.

4.4.5.	Specification Other charges
4.4.5.1.	Grants and revenue transfers	1,333,346	1,747,087
4.4.5.2.	Office expenses	1,071,580	866,176
4.4.5.3.	Travel and accommodation expenses	2,587,655	710,445
4.4.5.4.	Representation expenses	5,343,515	2,713,166
4.4.5.5.	Grants	2,897,891	2,782,150
4.4.5.6.	Information	3,850,765	3,566,226
4.4.5.7.	Research and Development	1,412,832	999,340
4.4.5.8.	General expenses	3,054,978	3,982,942
		21,552,561	17,367,532

With the lifting of the COVID-19 measures, there is an increase in travel and accommodation costs and representation costs. Costs are at pre-COVID-19 levels.

Auditors’’ fees

The following independent auditor's fees were charged to the organization and the parties included in the consolidation, all as referred to in Article 2:382a of the Dutch Civil Code (The auditor’s fees accounted for relate to invoices received during the fiscal year).

PricewaterhouseCoopers Accountants N.V.	2022	2021
Fee for review of financial statements	381,205	229,259
Fee for other audit services	108,598	74,469
Fee for tax consulatncy	30,139	30,750
Fee for other non-audit services	34,262	34,750
	554,203	369,227

6.	Financial revenues and charges	2022	2021

6.1.	Financial revenues
6.1.1.	Interest income and similar income	203,428	-66,573
6.1.3.	Value adjustments to financial fixed assets	40,286	18,407
6.1.4.	Revenues from receivables related to fixed assets	-83,171	10,080
	Total Interest income and similar income	160,543	-38,086

6.2.	Interest income and similar income
6.2.1.	Value adjustments to financial fixed assets	184,876	2,514,370
	Total Interest income and similar income	184,876	2,514,370

	Total Financial revenues and charges	-24,332	-2,552,456

As a result of unbudgeted interest received from Treasury Banking, the balance of the financial revenues and charges is lower than budgeted (-€0.4 million).

7.	Taxes	2022	2021

7.1	Total taxes for TiU Holding B.V.	19,963	92,985
7.2	Total taxes for TIAS Business Schools B.V.	127,035	151,471
	Total taxes (D)	146,998	244,456

7.1	TiU Holding B.V.	2022	2021

	Result of operational activities before taxes (A)	-53,881	-47,401
	Result KUB Career Services B.V.	186,968	508,884
	Taxable results(B)	133,087	461,483
	Taxes from operational results (C)	19,963	90,871
	Taxes from previous years	-	2,114
	Total taxes (D)	19,963	92,985

	Tax on taxable results (C/B)	15.0%	19.7%


7.2	TIAS Business School B.V.	2022	2021

	Profit/Loss from operational activities before taxes (A)	524,764	464,062
	Correction for goodwill	354,875	354,875
	Other non-deductible amounts	-151,011	187,953
	Poffset of losses	-	-303,005
	Taxable results (B)	728,628	703,885
	Taxes from operational results (C)	145,325	151,471
	Taxes from previous years	-18,290	-
	Total taxes(D)	127,035	151,471

	Tax on taxable results (C/B)	19.9%	21.5%
	Effective tax rates (D/A)	24.2%	32.6%

Applicable tax rate (profit/loss from ordinary business operations≤ EUR 395.000		15.0%
Applicable tax rate (profit/loss from ordinary business operations > EUR 395.000		25.8%
Applicable tax rate (profit/loss from ordinary business operations ≤ EUR 245.000			15.0%
Applicable tax rate (profit/loss from ordinary business operations > EUR 245.000			25.0%

The applicable tax rate is based on the relative share of the group companies' contribution to the results and the tax rates applicable in the respective countries.

The effective tax rate differs from the prevailing tax rate because of tax non-deductible goodwill depreciation.

Overview of related party

Legal form

Statutory registered office

Activity code

Assets December 31, 2022

Operating balance 2022

Turnover
2022

Statement
Art. 2:403 Dutch Civil Code

Participating interest

Consolidation

Majority holding

TIAS Business School

B.V.

Tilburg

3,958,840

421,650

23,552,540

80%

Yes

TiU Holding

B.V.

Tilburg

1,158,338

118,565

3,527,781

100%

Yes

Decisive voice

Tilburg University Fund

Foundation

Tilburg

2,032,022

-83,472

359,278

Yes

Explanation code activities: 1. contract education, 2. contract research, 3. real estate, 4. other. Average number of employees: TIAS 104 (2021: 105), TiU Holding 1 (2021: 1)

	Legal	Statuary Registered	Activity
	form	Office	Code

Minority participating interest and no decisive voice
Endowed Chairs Foundation	Foundation	Tilburg	4
Tilburg Orientation Program Foundation	Foundation	Tilburg	4
Netspar Foundation	Foundation	Tilburg	4
CentERdata Foundation	Foundation	Tilburg	4
Braventure Foundation	Foundation	Tilburg	4
Starterslift Investments B.V.	B.V.	Tilburg	4
Mindlabs Association	Vereniging	Tilburg	4
Brainport Foundation	Foundation	Tilburg	4
Midpoint Brabant Foundation	Foundation	Tilburg	4
HOVO Foundation, Higher Education for the Elderly	Foundation	Tilburg	4

Justification under the Senior Executives in the Public and Semi-Public Sector (Standards for Remuneration) Act (WNT)

The Ministry of Education, Culture and Science uses a system of remuneration classes based on complexity points for the WNT. In 2022, Tilburg University falls into class G with 18 complexity points (revenues 10, funded students 3, and weighted education sectors 5). The WNT remuneration maximum is €216,000 in case of full-time employment for the entire year.

Senior executives employed and former senior executives employed 2022

2022	Prof. W.B.H.J. van de Donk	P.F.I.M. Snijders, MSc, CPC	Prof. A.J. Schuit	Dr. K. Sijtsma*
Position details	President	Member	Member	Former senior executive
Start and end of employment	Jan. 1-Dec. 31	Jan. 1-Dec. 31	Jan. 1-Dec. 31	Jan. 1-May 27 31
Scope of employment (in FTE)	1.0	1.0	1.0	1.0
(Fictitious) employment?	yes	yes	yes	yes

Individual WNT maximum	216,000	216,000	216,000	86,992

Remuneration plus taxable expense reimbursements	190,429	185,716	185,587	66,196
Remuneration payable in due course	24,283	24,126	24,121	9,298
Subtotal	214,713	209,842	209,708	75,494
-/- Undue payment and not yet reclaimed	-	-	-
Total remuneration	214,713	209,842	209,708	75,494

Amount and reason why the overrun has or has not been allowed	N/A	N/A	N/A	N/A
Notes to the claim of undue payment	N/A	N/A	N/A	N/A

2021	Prof. W.B.H.J. van de Donk	Prof. A.J. Schuit	P.F.I.M. Snijders, MSc ,CPC	Dr. K. Sijtsma*
Position details	President	Member	Member	Member/Former senior executive
Start and end of employment	Oct. 1-Dec. 12	Nov. 19-Dec. 12	Jan. 1-Dec. 31	Jan. 1-Dec. 31
Scope of employment (in FTE)	1.0	1.0	1.0	1.0
Remuneration plus taxable expense reimbursements	179,435	178,436	178,418	148,277
Remuneration payable in due course	23,738	23,598	23,577	22,440
Total remuneration	203,173	202,034	201,995	170,717
Individual WNT maximum	209,000	209,000	209,000	209,000

Supervisory senior executives 2022

2022	H. Reumkens	M. Leijten	E. Demerouti	Prof. W.M.P. van der Aalst	J.H.P.M. van Lange
Position details	President	Member	Member	Member	Member
Start and end of employment	Jan. 1-Dec. 31	Jan. 1-Dec. 31	Oct. 1-Dec. 31	Jan. 1-Dec. 31	Jan. 1-Dec. 31

Individual WNT maximum	32,400	21,600	5,444	21,600	21,600

Total remuneration	21,384	14,256	3,564	14,256	14,256
-/- Undue payment and not yet reclaimed	-	-	-	-	-
Reason why the overrun has or has not been allowed	N/A	N/A	N/A	N/A	N/A
Notes to the claim of undue payment	N/A	N/A	N/A	N/A	N/A


2021	Mr. H. Reumkens	M. Leijten	Prof. E. van Sliedregt	Prof. W.M.P. van der Aalst	J.H.P.M. van Lange
Position details	President	Member	Member	Member	Member
Start and end of employment	Jan. 1-Dec. 31	Jan. 1-Dec. 31	Jan. 1-March 31	Jan. 1-Dec. 31	Jan. 1-Dec. 31
Total remuneration	20,000	13,500	3,375	13,500	13,500
Individual WNT maximum	31,350	20,900	5,153	20,900	20,900

Other reporting requirements under the WNT

In addition to the senior executives listed above, there were other officials with an employment contract who received remuneration above the individual WNT maximum in 2022. These officials receive an allowance because of their outstanding contribution to science. Tilburg University aligns its remuneration policy with Dutch standards where possible, but given the labor market, this does not result in a remuneration below the WNT threshold amount in all individual cases.

Remuneration of non-senior officials 2022

2022	Full Professor 1	Full Professor 2	Full Professor 3	Full Professor 4	Full Professor 5	Full Professor 6	Full Professor 7
Start and end of employment	Jan. 1-Dec. 31	Jan. 1-Dec. 31	Jan.1-May 28	Jan. 1-Dec. 31	Jan. 1-Dec. 31	Jan. 1-Dec. 31	Jan. 1-Aug. 31 & Sept. 1-Dec 31
Scope of employment (in FTE)	1.0	1.0	1.0	1.0	1.0	0.9	0,2 & 0,4

Individual WNT maximum	216,000	216,000	87,584	216,000	216,000	194,399	57,639

Remuneration plus taxable expense reimbursements	247,563	284,777	96,959	209,012	199,645	177,725	53,943
Remuneration payable in due course	26,109	26,574	10,216	24,792	24,478	21,966	6,458
Total remuneration	273,672	311,352	107,175	233,803	224,123	199,691	60,401

2021	Full Professor 1	Full Professor 2	Full Professor 3	Full Professor 4	Full Professor 5	Full Professor 6	Full Professor 7
Start and end of employment	Jan. 1-Dec. 31	Jan. 1-Dec. 31	Jan. 1-Dec. 31	Jan. 1-Dec. 31	Jan. 1-Dec. 31	Jan. 1-Dec. 31	Jan. 1-Aug. 31 & Sept. 1-Dec 31
Scope of employment (in FTE)	1.0	1.0	1.0	1.0	1.0	0.9	1,0 & 0,2
Remuneration plus taxable expense reimbursements	241,596	276,729	209,075	203,038	193,718	172,456	139,482
Remuneration payable in due course	25,701	26,122	24,557	24,354	24,036	21,568	17,435
Total remuneration	267,297	302,851	233,632	227,392	217,754	194,024	156,917