Annual Report - Swinburne University of Technology

Swinburne University of Technology
■ Financial summaries
Summary of financial results 1998 – 2002
1998 1999 2000 2001 2002
$000 $000 $000 $000 $000
Net Assets 220,629 223,329 280,033 295,866 305,504
Operating Surplus (Deficit) 2,587 2,700 11,738 13,567 1,566
Overseas Students Fee Revenue 15,178 20,807 24,323 29,639 34,148
Commonwealth Government Grants 53,050 47,069 53,219 55,890 56,335
State Government Grants 50,979 48,208 54,405 60,765 59,839
Summary of Significant Changes in Financial
Position during 2002
There were no significant changes in the University’s
financial position during 2002.
Events Subsequent to Balance Date Which
May Have a Subsequent Effect on Operations
in Subsequent Years
Apart from those mentioned elsewhere in this report there
have been no events subsequent to balance date that could
materially affect the financial position of the University.
Consultancies – 2002
Consultancies for 2002 are reported according to the
definition contained in the Annual Report guidelines:
Consultancy: an arrangement where an individual or
organisation is engaged to:
■ provide expert analysis and advice which facilitates
decision making
■ perform a specific, one-off task or set of tasks
■ perform a task involving skills or perspectives which
would not normally be expected to reside within the
agency.
Consultancies less than $100,000
There were 308 consultancies of less than $100,000 each
during the year. Expenditure totalled $1,405,180. Details
are available on request.
Declarations of Pecuniary Interests
All members, officers and employees of the University who
are required to complete a declaration of pecuniary
interests have been requested to do so. Under the
provisions of the Swinburne University of Technology Act
1992 members of Council must declare any pecuniary
interests they have in matters before Council, and are not
entitled to vote on such matters.
Shares held by Senior Officers
Information on share ownership is provided in the
declarations of pecuniary interests.
Statement that Public Funds allocated to the
University have been allocated to the purposes
specified by the Government or other public
funding body
Commonwealth and State financial assistance, and
assistance from other public funding bodies during the
reporting period, was expended in accordance with the
purposes for which it was specified.
The University has complied with the requirements of
various programme guidelines that apply to the
Commonwealth and State financial assistance identified in
these financial statements.
Consultancies in excess of $100,000
There was one consultancy in excess of $100,000 during
the year. This was with Sinclair Knight Merz for professional
services and fees due to design and documentation of the
BA Building, Stage 2, and totalled $163,690.
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Annual Report 2002