The operating result excludes income from investments and fundraising. The loss from fundraising, investment and financial activities was €43 million, driving the University’s overall result of €52 million into the red. The return on investment and financial activities included €72 million in changes in the value of investment instruments. Investments are recorded in the financial statements at market value in accordance with the code of financial management at higher education institutions by the Ministry of Education and Culture.
At the end of 2022, the number of employees was almost 8,400, of whom almost 4,900 were teachers and researchers. Staff costs constituted almost two-thirds of the overall expenses. Another considerable expense are the facilities required for studying, research and other activities.
In 2022 the University of Helsinki's revenue (core funding + external funding) amounted to €733 million.
The operating costs of the University of Helsinki were €742 million, with personnel expenses at €452 million (61% of the total expenditure) and facility rents at €90 million (12%) as the largest expenditure items.
The most important source of external research funding for the University was the Academy of Finland. The funding awarded by the Academy of Finland increased by €7 million, totalling €123 million. The share of Academy of Finland funding of all research funding awarded to the University of Helsinki was 52%. EU funding increased by €2 million to €32 million. The University received €37 million in external funding from foundations, an increase of €4 million from 2021.