Xavier Ateneo maintains financial transparency through the publication of audited financial statements, which consistently reflect stable fiscal health and responsible stewardship of resources. These audited reports demonstrate the University’s unwavering commitment to accountability, fiscal prudence, and institutional sustainability.

For the fiscal years ending May 31, 2024, and May 31, 2023, Xavier Ateneo received an unqualified audit opinion from Roxas Tabamo & Co., affirming that its financial statements present the University’s position, performance, and cash flows fairly and in accordance with Philippine Financial Reporting Standards (PFRS). This is a strong indicator of financial probity and reliability.

Strengthening Financial Position

The University’s financial health continues to improve:

• Total Assets grew from ₱7.51 billion in 2023 to ₱7.78 billion in 2024, reflecting an expanding resource base.
• Total Liabilities decreased from ₱993.76 million to ₱955.92 million, signaling a stronger financial structure.
• Fund Balance (Equity) rose from ₱6.52 billion to ₱6.82 billion, underscoring long-term sustainability.

Operational Performance and Growth

Xavier Ateneo’s operations remain robust:

• Excess of Revenue over Expenses surged to ₱68.17 million in 2024, more than double the ₱30.46 million recorded in 2023.
• Revenue from school operations increased from ₱829.09 million to ₱882.63 million, driven by tuition and related fees.
• Interest and Other Income climbed from ₱83.83 million to ₱105.22 million, including gains from foreign exchange and financial assets.

Liquidity and Cash Flow

The University’s liquidity position strengthened significantly:

• Cash and Cash Equivalents rose from ₱278.65 million in 2023 to ₱439.16 million in 2024.
• Net Cash Flow from operations resulted in an increase of ₱160.52 million, demonstrating strong cash generation capability.

Strategic Investments and Future Outlook

Xavier Ateneo continues to invest in its future:

• Capital Commitments for property and equipment totaled ₱310.06 million as of May 31, 2024, signaling ongoing infrastructure development.
• Retirement Obligations decreased from ₱255.44 million to ₱203.64 million, reflecting improved management of long-term employee benefits.
• The auditor confirmed there are no material uncertainties regarding the University’s ability to continue as a going concern, affirming institutional stability.

For more details, Xavier University’s audited financial statements for the fiscal year ended May 31, 2024, are publicly available through the Securities and Exchange Commission (SEC).

 

This practice supports the United Nations’ Sustainable Development Goals 16: Peace, Justice and Strong Institutions.