plus Current assets: Cash and cash equivalents minus Creditors: amounts falling due within one year: Bank overdrafts. The Denominator is Expenditure: Total expenditure minus Expenditure: Depreciation.'
**NOTE 2. POLAR refers to Participation of Local Areas and there are now four versions. The data used here is based upon POLAR Version 3. The POLAR3 classification is formed by ranking 2001 Census Area Statistics (CAS) wards by their young participation rates for the combined 2005 to 2009 cohorts. This gives five quintile groups of areas ordered from ‘1’ (those wards with the lowest participation) to ‘5’ (those wards with the highest participation), each representing 20 per cent of UK young cohort. Students have been allocated to the neighbourhoods on the basis of their postcode. Those students whose postcode falls within wards with the lowest participation (quintile 1) are denoted as being from a low participation neighbourhood. See HESA Definitions and benchmark factors: definitions. HESA does not apply POLAR classification for universities in Scotland. Instead, the Scottish Funding Council (SFC) uses the Scottish Index of Multiple Deprivation (SIMD) that has smaller geographical areas.