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

NOTES TO AND FORMING PART OF THE
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2007
NOTE 46: DETAILED INCOME STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2007 - UNIVERSITY (CONTINUED)
UNIVERSITY
GENERAL
TRUST
FUNDS
AUXILIARY
OPERATIONS
UNIVERSITY
TOTAL
$’000 $’000 $’000 $’000
Less Expenses from Continuing Operations
Employee Benefits and On Costs 636,832 4,099 22,561 663,491
Depreciation and Amortisation 73,779 1 2,395 76,174
Repairs and Maintenance 58,585 695 743 60,023
Finance Costs 10,992 - 431 11,423
Bad and Doubtful Debts 373 113 53 539
Accounting and Auditing Services 417 - 235 397
Other Expenses
Scholarships 48,313 3,931 287 52,531
Equipment Purchases (items not capitalised) 18,593 166 547 19,306
Advertising 6,595 43 791 7,429
Consumable Materials 31,914 142 1,404 33,460
Travel, Staff Development and Training 34,824 154 848 35,826
Library Materials 3,591 464 24 4,080
Grants 91,436 1,528 89 93,052
Rent and Leasing Payments 6,534 - 2,642 9,130
Utilities and Services 26,549 14 1,042 27,606
Contracted and Professional Services 63,139 234 880 64,253
Printing, Publications and Stationary 9,036 855 605 10,496
Computer Software and Services 21,813 21 224 22,059
Insurance 5,192 - 16 5,208
Net Loss on Disposal of Property, Plant and Equipment 1,473 - - 1,440
Program and Course Development, Preparation and Delivery
- - - -
Services
Course Fees Paid 3,183 177 - 3,360
Impairment Losses 4,989 - - 4,989
Other Expenses 19,641 9,240 14,906 39,370
Superannuation - Deferred Employee Benefits (8,345) - - (8,345)
Total Expenditure from Continuing Operations 1,169,448 21,877 50,723 1,237,297
Operating Result from Continuing Operations before related
Income Tax Expense 70,262 9,508 (29) 79,459
Income Tax (Expense) / Benefit - - - -
Subtotal - Net Operating Result for the Year before VCA
Integration 70,262 9,508 (29) 79,459
Income recognised on Integration of the VCA 95,858 8,061 - 103,919
Net Result for the Year 166,120 17,569 (29) 183,378