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

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