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Investment income 3,955 4,057 4,442 Other income 3,408 3,536 3,003 C.
The latest actuarial valuation as at December 31, 1996 showed an actuarial liability of $76,491,000 against adjusted actuarial assets of $87,911,000, resulting in a Total revenue 166,825 167,988 167,292 surplus of $11,419,000.
Research There was $24,000,000 of externally funded research activity during fiscal year 1997/98, an increase of $400,000 over 1996/97.
Grants for the National Centre of Excellence for TeleLearning remained at $3,600,000.
Changes in the deferred contributions are as follows: Sponsored Specific Research Purpose Capital 1998 1997 • (000) (000) (000) (000) (000) Balance beginning of the year $ 8,259 ...
Allowed
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