Reports and Financial statements 2009 - the University Offices ...

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Balance sheets as at 31 July 2009 Group Group University University 31 July 2009 31 July 2008 31 July 2009 31 July 2008 Note £m £m £m £m Fixed assets Intangible assets 12 4 4 3 3 Tangible assets 13 1,063 1,041 1,055 1,032 Investments 14 450 369 332 284 1,517 1,414 1,390 1,319 Endowment assets 15 804 857 648 681 Current assets Stocks and work in progress 16 48 46 36 37 Debtors 17 207 196 217 200 Investments University 18 173 222 124 150 Held on behalf of others 18 4 5 156 142 Cash at bank and in hand 25 47 7 31 457 516 540 560 Creditors: amounts falling due within one year 19 (316) (285) (419) (381) Net current assets 141 231 121 179 Total assets less current liabilities 2,462 2,502 2,159 2,179 Creditors: amounts falling due after more than one year 20 (7) (8) (6) (16) Pension liabilities 21 (258) (158) (74) (43) Other retirement benefits liability 22 (15) (15) (15) (15) Total net assets 2,182 2,321 2,064 2,105 Represented by: Deferred capital grants 23 506 491 506 491 Endowments Expendable endowments 24 286 303 131 128 Permanent endowments 24 518 554 517 553 24 804 857 648 681 Reserves General reserves 25 693 757 746 745 Operational property revaluation reserve 25 145 151 145 151 Fixed asset investment revaluation reserve 25 33 65 19 37 25 871 973 910 933 Reserves and endowments 1,675 1,830 1,558 1,614 Minority interest in subsidiary undertakings 1 – – – Total 2,182 2,321 2,064 2,105 The financial statements on pages 72–103 were approved by the Council on 23 November 2009 and signed on its behalf by: Professor Alison Richard Vice-Chancellor Lord Simon of Highbury Member of Council Andrew Reid Director of Finance Reports and Financial Statements 79
Consolidated cash flow statement for the year ended 31 July 2009 Year ended Year ended 31 July 2009 31 July 2008 Restated Note £m £m Net cash inflow/(outflow) from operating activities 26 15 (3) Returns on investments and servicing of finance 27 35 52 Capital expenditure and financial investment 27 (69) (20) Cash (outflow)/inflow before use of liquid resources and financing (19) 29 Management of liquid resources: Increase in short-term deposits – (6) Financing 27 – 5 (Decrease)/increase in cash in the year (19) 28 Reconciliation of net cash flow to movement in net funds (Decrease)/increase in cash (19) 28 Cash outflow from liquid resources – 6 Movement in net funds in the year (19) 34 Net funds at 1 August 60 26 Net funds at 31 July 28 41 60 80 University of Cambridge Annual Report 2009
Page 1 and 2: Reports and Financial Statements fo
Page 3 and 4: Financial Review Funding The source
Page 5 and 6: Financial Review of £25m from Camb
Page 7 and 8: Financial Review during the year th
Page 9 and 10: Financial Review However, the unpre
Page 11 and 12: Corporate Governance governed by th
Page 13 and 14: Statement of Internal Control 1. Th
Page 15 and 16: Independent Auditors’ Report to t
Page 17 and 18: Statement of Principal Accounting P
Page 19 and 20: Statement of principal accounting p
Page 21 and 22: Consolidated income and expenditure
Page 23: Consolidated statement of total rec
Page 27 and 28: Notes to the accounts 4 Examination
Page 29 and 30: Notes to the accounts 9 Analysis of
Page 31 and 32: Notes to the accounts 12 Intangible
Page 33 and 34: Notes to the accounts 14 Fixed asse
Page 35 and 36: Notes to the accounts 19 Creditors:
Page 37 and 38: Notes to the accounts 24 Endowments
Page 39 and 40: Notes to the accounts 26 Reconcilia
Page 41 and 42: Notes to the accounts USS The Unive
Page 43 and 44: Notes to the accounts Amounts for t
Page 45 and 46: Notes to the accounts (cont’d) 20
Page 47 and 48: Notes to the accounts 32 Related pa
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