Trinity College posts ‘planned’ €24.1m deficit in 2015

Trinity College, Dublin, recorded its biggest deficit in five years in 2015, despite also recording its highest income level over the same period.

The latest annual accounts for the year to September 2015 show the university posted a deficit of €24.1m last year — up from €21.8m in the previous 12-month period.

Trinity’s chief financial officer, Ian Mathews, said the deficit was planned, and reflected the university’s provision for “infrastructural renewal”. The university is expected to report smaller deficits for the next three to four years with the aim of returning to a surplus by 2018/19.