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

FINANCIAL
STATEMENTS
NOTE 43: SUBSIDIARIES - BALANCE SHEET ANALYSIS
Working
Capital
Working
Capital
Property,
Plant &
Equipment
Property,
Plant &
Equipment
Total
Assets
Total
Assets
2007 2006 2007 2006 2007 2006
SUBSIDIARY $’000 $’000 $’000 $’000 $’000 $’000
Victorian College of the Arts * - 11,364 - 92,571 - 123,290
Melbourne Business School Limited Group (9,690) 3,922 88,335 86,116 187,701 182,922
UMEE Ltd Group 9,467 9,558 15,488 15,427 33,866 31,553
Meanjin Company Limited 89 55 - - 181 140
Australian Music Examinations Board (Victoria)
1,061 685 325 406 1,606 1,314
Limited
Australian International Health Institute (University
847 963 3 29 2,568 2,301
of Melbourne) Limited
Australian National Academy of Music Limited 1,410 1,300 314 418 1,825 1,849
MU Student Union Limited 3,343 4,270 2,199 1,775 7,294 8,243
Melbourne Ventures Pty Ltd ** - (89) - 160 - 629
Melbourne University Publishing Limited 3,371 3,461 175 242 5,746 5,855
The Victorian Institute for Chemical Sciences
425 499 126 1,366 568 1,881
Limited ***
Total - University Subsidiaries 10,323 35,988 106,965 198,510 241,355 359,977
Total
Liabilities
Total
Liabilities
Equity
Equity
2007 2006 2007 2006
SUBSIDIARY $’000 $’000 $’000 $’000
Victorian College of the Arts * - 19,371 - 103,919
Melbourne Business School Limited Group 20,704 15,216 166,997 167,706
UMEE Ltd Group 8,697 6,617 25,169 24,936
Meanjin Company Limited 96 92 86 48
Australian Music Examinations Board (Victoria)
198 182 1,409 1,132
Limited
Australian International Health Institute (University
1,804 1,380 764 921
of Melbourne) Limited
Australian National Academy of Music Limited 106 144 1,719 1,705
MU Student Union Limited 1,817 2,272 5,477 5,971
Melbourne Ventures Pty Ltd ** - 301 - 328
Melbourne University Publishing Limited 2,229 2,152 3,517 3,703
The Victorian Institute for Chemical Sciences
23 16 545 1,865
Limited ***
Total - University Subsidiaries 35,674 47,742 205,683 312,234
* The Victorian College of the Arts became a faculty of the University of Melbourne with effect from 1 January 2007. As such, the VCA
ceased to exist as a separate reporting entity from that date. Refer to Note 40 for further details.
** On 30 June 2007, the shares held by the University in Melbourne Ventures Pty Ltd were sold to UMEE Ltd, a subsidiary of the
University. From this date Melbourne Ventures Pty Ltd became a subsidiary of UMEE Ltd.
*** The Victorian Institute for Chemical Sciences Limited (VICS) operated on a June financial year-end until 30 June 2006. In March 2007,
the Board of VICS approved the change of the financial year to a December year-end in order to align its reporting to the University. The
results for VICS included within the Financial Report relate to an eighteen month period from 1 July 2006 to 31 December 2007.
The University of Melbourne Annual Report 2007 141