Ahead of this week’s Annual General Meeting, Student can reveal that EUSA’s financial performance over the past year has been far from inspiring.

While EUSA remains profitable overall, unlike many other student unions in Scotland, profits have slumped to £64,514, compared to £399,072 for the previous year, according to the association’s annual financial report, to be officially unveiled at the AGM on Wednesday 12th November.

The worst performing sectors were catering, which recorded a net loss of £303,407 last year, and bars and entertainments, which lost £200,782. The accounts cover the period between August 1, 2007 and July 31, 2008.

EUSA-run shops barely broke even over this period, and operating costs for societies rose by £7,000 to just over £206,000.

EUSA is supported by an annual grant from the university, which last year reached £1,743,000.

Last year’s sabbaticals – the EUSA president and three vice-presidents – were paid £17,660, with the exception of Anna Davidson, the former Vice President Academic Affairs, who earned £145 more.