2007 Annual report (PDF 8.1 Mb) - University of Melbourne

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NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2007 NOTE 10: Depreciation and Amortisation CONSOLIDATED UNIVERSITY 2007 2006 2007 2006 $’000 $’000 $’000 $’000 Depreciation and Amortisation by Class of Assets Depreciation Buildings 44,715 43,045 43,092 40,278 Buildings - Fixtures and Fittings 39 15 39 15 Leasehold Improvements 788 503 570 218 Scientific and Computing Equipment 19,677 14,658 17,791 13,670 Works of Art 2 2 - - General Equipment 4,339 5,166 3,944 4,232 Communications Equipment 166 200 164 196 Furniture 549 519 103 106 Motor Vehicles 1,424 1,494 1,400 1,446 Library Collection 9,301 8,808 9,041 8,466 Assets Under Finance Lease 880 692 - - Total Depreciation 81,880 75,102 76,144 68,627 Amortisation Software 255 260 30 1 Total Amortisation 255 260 30 1 Total Depreciation and Amortisation 82,135 75,362 76,174 68,628 NOTE 11: REPAIRS AND MAINTENANCE Buildings 46,976 33,941 46,082 32,077 Plant and Equipment 14,264 10,292 13,941 9,360 Total Repairs and Maintenance 61,240 44,233 60,023 41,437 NOTE 12: FINANCE COSTS Interest Expense 11,423 10,767 11,423 10,767 Finance Charges Payable under Finance Leases 129 120 - - Total Finance Costs Expensed 11,552 10,887 11,423 10,767 NOTE 13: BAD AND DOUBTFUL DEBTS Bad Debts Written Off 2,603 681 2,563 506 Increase/(Decrease) in Allowance for Doubtful Debts (1,716) (135) (2,024) 11 Total Bad and Doubtful Debts 887 546 539 517 NOTE 14: ACCOUNTING AND AUDITING SERVICES Auditing and Review of Financial Reports and Other Work - Victorian Auditor-General 313 270 245 190 Other Auditors 394 427 142 192 Accounting Services 10 58 10 8 Total Accounting and Auditing Services 717 755 397 390
FINANCIAL STATEMENTS CONSOLIDATED UNIVERSITY 2007 2006 2007 2006 $’000 $’000 $’000 $’000 NOTE 15: OTHER EXPENSES Scholarships 52,922 50,768 52,531 49,511 Equipment Purchases (items not capitalised) 19,707 14,440 19,306 13,982 Advertising 10,057 6,607 7,429 4,655 Consumable Materials 34,161 38,059 33,460 36,840 Travel, Staff Development and Training 39,598 37,598 35,826 33,789 Library Materials 4,386 7,257 4,080 6,914 Grants 86,995 77,563 93,052 93,674 Rent and Leasing Payments 10,043 11,477 9,130 8,765 Utilities and Services 29,287 28,829 27,606 26,378 Contracted and Professional Services 70,031 59,458 64,253 62,873 Printing, Publications and Stationary 13,136 11,388 10,496 9,273 Computer Software and Services 22,765 11,747 22,059 11,117 Insurance 5,478 5,326 5,208 5,032 Net loss on Disposal of Property, Plant and Equipment 16 1,594 1,691 1,440 1,718 Program and Course Development, Preparation and Delivery Services 15,176 11,969 - - Course Fees Paid 3,360 5,103 3,360 5,103 Impairment Losses * 5,042 4,970 4,989 7,970 Other Expenses 51,721 47,044 39,370 33,050 Total Other Expenses 475,459 431,294 433,595 410,644 * Impairment losses for the year ended 31 December 2007 mainly comprise of a $2.7 million (2006 $3.0 million) impairment of the University’s investment in U21 Equity Limited. NOTE 16: GAIN / (LOSS) ON DISPOSAL OF ASSETS Proceeds from Sale of Assets Property, Plant and Equipment 2,106 23,343 2,064 22,412 Total Proceeds from Sale of Assets 2,106 23,343 2,064 22,412 Carrying Amount of Disposed Assets Property, Plant and Equipment 3,700 25,034 3,504 24,130 Total Carrying Amount of Disposed Assets 3,700 25,034 3,504 24,130 Net Gain / (Loss) on Disposal of Assets (1,594) (1,691) (1,440) (1,718) NOTE 17: INCOME TAX (EXPENSE) / BENEFIT The prima facie tax on the operating result from continuing operations is reconciled to the income tax provided in the Financial Statements as follows: Prima facie tax on operating profit/(loss) of tax paying Subsidiaries before Income Tax: 16 55 - - Income Tax effect of - Non-Deductible Expenditure (1) (56) - - Settlement of Melbourne Enterprises International Ltd tax Liability (439) - - - Other (6) 2 - - Income Tax (Expense)/Benefit (430) 1 - - The University of Melbourne Annual Report 2007 113
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ANNUAL REPORT07 A TRADITION OF INNO
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Chancellor’s Letter Chancellor’
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COUNCIL Members of Council and the
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SENIOR OFFICERS Senior Officers Pre
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HIGHLIGHTS Knowledge Transfer > Ina
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INTRODUCTION And OVERVIEW Introduct
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INTRODUCTION And OVERVIEW In 2007 M
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INTRODUCTION And OVERVIEW Lady Sout
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QUALITY PeoPLE Academic and Profess
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QUALITY PeoPLE HIGH ACHIEVING STAFF
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QUALITY PeoPLE HIGH ACHIEVING STUDE
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SECTION HEADING APPEARS HERE Perfor
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RESEARCH & ReseARCH TRAINING Resear
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RESEARCH & ReseARCH TRAINING reduci
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LEARNING & teACHING In 2006 the Uni
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LEARNING & teACHING Quality of Teac
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LEARNING & teACHING > Review the su
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Sally Firth Single mother of three
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LEARNING & teACHING undergraduate s
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KNOWLEDGE TRANSFER Internationally
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KNOWLEDGE TRANSFER supports ethical
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KNOWLEDGE TRANSFER of the Universit
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INTERNATIONAL ENGAGEMENT cooperatio
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INTERNATIONAL ENGAGEMENT and engage
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BINDING THE stRANDS TOGETHER The Le
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Page 81 and 82: STATUTORY REPORTIng TABLE 1 Objecti
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Page 85 and 86: STATUTORY REPORTIng The University
Page 87 and 88: STATUTORY REPORTIng NeuroSciences V
Page 89 and 90: STATUTORY REPORTIng TABLE 4. occupa
Page 91 and 92: STATUTORY REPORTIng 7. Conformity w
Page 93 and 94: FINANCIAL stATEMENTS Financial Posi
Page 95 and 96: Financial stATEMENTS Five Year Fina
Page 97 and 98: THE UNIVERSITY OF MELBOURNE INCOME
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Page 101 and 102: NOTES TO AND FORMING PART OF THE FI
Page 103 and 104: FINANCIAL STATEMENTS NOTE 1: STATEM
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Page 135 and 136: FINANCIAL STATEMENTS NOTE 35: COMMI
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Page 139 and 140: FINANCIAL STATEMENTS NOTE 39: CONSU
Page 141 and 142: FINANCIAL STATEMENTS NOTE 41: SUMMA
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Page 145 and 146: FINANCIAL STATEMENTS UNIVERSITY GEN
Page 147 and 148: FINANCIAL STATEMENTS UNIVERSITY TRU
Page 149 and 150: FINANCIAL STATEMENTS NOTE 49: AQUIT
Page 155: FINANCIAL STATEMENTS THE UNIVERSITY
Page 158 and 159: Compliance Index to Disclosure Requ
Page 160 and 161: USEFUL WEBSITES Vice-Chancellor’s
Page 162 and 163: NOTES
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WWW.UNIMELB.EDU.AU THE UNIVERSITY O
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2007 Annual report (PDF 8.1 Mb) - University of Melbourne

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