2007 Annual report (PDF 8.1 Mb) - University of Melbourne
2007 Annual report (PDF 8.1 Mb) - University of Melbourne
2007 Annual report (PDF 8.1 Mb) - University of Melbourne
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FINANCIAL<br />
STATEMENTS<br />
CONSOLIDATED<br />
UNIVERSITY<br />
<strong>2007</strong> 2006 <strong>2007</strong> 2006<br />
$’000 $’000 $’000 $’000<br />
NOTE 31: RESERVES AND RETAINED SURPLUS (CONTINUED)<br />
Land Asset Revaluation Reserve<br />
Balance Beginning <strong>of</strong> Year 487,894 442,053 394,340 356,378<br />
Changes due to Revaluation - 45,889 - 38,010<br />
Impairment Losses on Revalued Assets - (48) - (48)<br />
Re-establishment <strong>of</strong> Reserve on Integration <strong>of</strong> the VCA - - 45,000 -<br />
Balance End <strong>of</strong> Year 487,894 487,894 439,340 394,340<br />
Building Asset Revaluation Reserve<br />
Balance Beginning <strong>of</strong> Year 1,118,895 967,047 1,088,458 942,952<br />
Changes due to Revaluation - 145,712 - 139,370<br />
Impairment Gains / (Losses) on Revalued Assets 2,917 6,136 2,917 6,136<br />
Re-establishment <strong>of</strong> Reserve on Integration <strong>of</strong> the VCA - - 29,976 -<br />
Balance End <strong>of</strong> Year 1,121,812 1,118,895 1,121,351 1,088,458<br />
Other Collections Asset Revaluation Reserve<br />
Balance Beginning <strong>of</strong> Year 58,830 270,771 58,830 270,771<br />
Changes due to Revaluation - 6,225 - 6,225<br />
Transfer from/(to) Retained Surplus - (218,166) - (218,166)<br />
Balance End <strong>of</strong> Year 58,830 58,830 58,830 58,830<br />
Works <strong>of</strong> Art Asset Revaluation Reserve<br />
Balance Beginning <strong>of</strong> Year 55,388 45,078 53,173 43,570<br />
Changes due to Revaluation - 10,310 - 9,603<br />
Re-establishment <strong>of</strong> Reserve on Integration <strong>of</strong> the VCA - - 2,215 -<br />
Balance End <strong>of</strong> Year 55,388 55,388 55,388 53,173<br />
Available-for-Sale Revaluation Reserve<br />
Balance Beginning <strong>of</strong> Year 474,164 355,691 460,943 346,627<br />
Transfer from/(to) Trust Fund Reserve - (166) - (166)<br />
Transfer from/(to) Retained Surplus (145) (4) - -<br />
Transfers to Pr<strong>of</strong>it and Loss on Sale (12,817) (512) - -<br />
Changes due to Revaluation <strong>of</strong> Investments 30,844 119,155 35,175 114,482<br />
Balance End <strong>of</strong> Year 492,045 474,164 496,118 460,943<br />
Special Purpose Reserve<br />
Balance Beginning <strong>of</strong> Year 23,451 22,397 12,735 12,630<br />
Transfer from/(to) Trust Fund Revaluation Reserve (8,061) - - -<br />
Transfer from/(to) Retained Surplus (2,472) 1,054 105 105<br />
Balance End <strong>of</strong> Year 12,918 23,451 12,840 12,735<br />
Members Capital Reserve<br />
Balance Beginning <strong>of</strong> Year 30,130 30,130 - -<br />
Capital Contribution 275 - - -<br />
Balance End <strong>of</strong> Year 30,405 30,130 - -<br />
The <strong>University</strong> <strong>of</strong> <strong>Melbourne</strong> <strong>Annual</strong> Report <strong>2007</strong> 125
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