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Statement of net expenditure for the year ended 31 March 2010

Notes 31 March 2010 £'000 31 March 2009 £'000
Expenditure 
Research 6 530,040 507,343
Energy Technologies Institute LLP 7 3,703 3,295
Public Engagement Programme 8 9,105 7,467
UK Research Facilities 9 15,749 14,426
International Subscriptions 10 792 540
Postgraduate Awards 11 198,877 175,907
Research Fellowships 12 57,943 52,514
Staff costs 13 14,593 14,722
Other operating expenditure 14 25,008 19,822
Total operating expenditure 855,810 796,036
 
Income
Other operating income 4 2,448 3,523
NET operating expenditure 853,362 792,513
 
Non-operating income 5 (12) (11)
Amounts payable to the Consolidated Fund 5 - 12
Share of Losses of Joint Ventures 17 154 -
National cost of capital (134) (239)
NET expenditure for the year 853,370 792,275
Reversal of notional cost of capital 134 239
NET expenditure for the year after reversal of notional cost of capital 853,504 792,514

The Notes to the Accounts form part of these Accounts.