Transparent Financial Reporting - Publication of UNS Financial Reports
Universitas Sebelas Maret (UNS) publishes its audited consolidated financial statements annually, accompanied by independent external auditor reports. These reports are made publicly accessible through the university’s official website, demonstrating a strong institutional commitment to financial transparency and accountable governance.
The most recent audited financial report available at the time of submission corresponds to Fiscal Year 2024. The 2025 financial report is currently undergoing an external audit and will be published upon completion, in line with the university’s commitment to maintaining high standards of financial governance and integrity.
The financial statements for Fiscal Year 2024 have been audited by an independent external auditor, whose opinion confirms that the reports present, in all material respects, fairly the university’s financial position, financial performance, and cash flows. This ensures credibility, reliability, and compliance with recognized accounting standards.
Comprehensive Financial Disclosure
In alignment with QS Sustainability requirements, UNS provides transparent and comprehensive disclosure of all key financial components:
Income (Revenue)
The university’s income is clearly presented in the Consolidated Statement of Comprehensive Income (page 7), including:
- Education service revenues
- Government funding (APBN and PTN-BH funding support)
- Grants, donations, and partnerships
Total revenue is reported in structured categories, enabling clear identification of funding sources
Expenditure (Expenses)
Detailed expenditure is disclosed in the same section, covering:
- Personnel costs
- Goods and services
- Depreciation and amortization
- Operational and maintenance expenses
These are presented in the Consolidated Statement of Comprehensive Income (page 7), ensuring transparency in spending priorities and institutional operations
Surplus/Deficit
UNS explicitly reports its annual financial outcome (Net surplus) as clearly shown in the Consolidated Statement of Comprehensive Income (pages 7–8) under net assets surplus, reflecting the university’s positive financial performance and sustainability
Borrowing (Liabilities)
Financial obligations are transparently disclosed under liabilities, which represent borrowing and financial commitments. The information on total liabilities is presented in the Consolidated Statement of Financial Position (page 6), including:
- Short-term liabilities (payables, accrued expenses)
- Long-term liabilities
These disclosures provide a clear representation of the university’s financial obligations and risk exposure
Financial Position and Sustainability
The financial statements further demonstrate UNS’s institutional strength, as shown in the Statement of Financial Position on page 6, which presents UNS’s total assets and total net assets. This reflects strong financial capacity and long-term sustainability.
Public Accessibility and Continuity
All financial reports, including the most recent Financial Statements (Audited) and Independent Auditor’s Report, as well as Archived Financial Reports (previous years), are publicly accessible via the university’s financial transparency portal:
https://keuangan.uns.ac.id/laporan-keuangan/
This ensures continuity of disclosure and allows stakeholders to conduct longitudinal financial analysis.
Governance and Accountability
Financial reporting at UNS is supported by robust governance mechanisms:
- Preparation of financial statements by university management
- Oversight by governing bodies (Board of Trustees and Rector)
- Independent external audit conducted in accordance with professional standards
The audit process confirms adherence to:
- Indonesian Financial Accounting Standards
- National auditing standards
ensuring accountability and integrity in financial reporting
Conclusion
Through the consistent publication of audited financial statements, Universitas Sebelas Maret fulfills all QS Sustainability requirements for Transparent Financial Reporting by clearly disclosing:
- Income
- Expenditure
- Borrowing (via liabilities)
- Surplus/deficit
This practice strengthens stakeholder trust, supports informed decision-making, and demonstrates alignment with international financial governance standards.
Evidence link: UNS Financial Statements