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 />
INDEX<br />
Income Statement 95<br />
Balance Sheet 96<br />
Statement <strong>of</strong> Changes in Equity 97<br />
Cash Flow Statement 98<br />
Notes to and Forming Part <strong>of</strong> the Financial<br />
Statements 99<br />
1. Statement <strong>of</strong> Significant Accounting Policies 99<br />
2. Australian Government Financial Assistance 108<br />
3. State Government Financial Assistance 109<br />
4. Fees and Charges 110<br />
5. Investment Income 110<br />
6. Royalties, Trademarks and Licences 110<br />
7. Consultancy and Contract Research 111<br />
8. Other Income 111<br />
9. Employee Benefits and On Costs 111<br />
10. Depreciation and Amortisation 112<br />
11. Repairs and Maintenance 112<br />
12. Finance Costs 112<br />
13. Bad and Doubtful Debts 112<br />
14. Accounting and Auditing Services 112<br />
15. Other Expenses 113<br />
16. Gain / (Loss) on Disposal <strong>of</strong> Assets 113<br />
17. Income Tax (Expense) / Benefit 113<br />
18. Cash and Cash Equivalents 114<br />
19. Receivables 114<br />
20. Inventories 115<br />
21. Other Financial Assets at Fair Value 115<br />
22. Other Non-Financial Assets (Current) 115<br />
23. Available-for-Sale Financial Assets 115<br />
24. Other Financial Assets 115<br />
25. Property, Plant and Equipment 116<br />
26. Intangible Assets 122<br />
27. Payables 122<br />
28. Borrowings 122<br />
29. Provisions 123<br />
30. Other Current Liabilities 124<br />
31. Reserves and Retained Surplus 124<br />
32. Financial Instruments 127<br />
33. Responsible Persons and Executive Officers 129<br />
34. Contingent Assets and Contingent Liabilities 132<br />
35. Commitments 133<br />
36. Superannuation Commitments 134<br />
37. WorkCover – Self Insurance 135<br />
38. Related Party Transactions 135<br />
39. Consultants 137<br />
40. Investments in Subsidiaries 138<br />
41. Summary <strong>of</strong> Net Result for Each Consolidated Entity 139<br />
42. Subsidiaries – Income Statement Analysis 140<br />
43. Subsidiaries – Balance Sheet Analysis 141<br />
44. Subsequent Events 142<br />
45. Reconciliation <strong>of</strong> Cash Flows from Operating Activities 142<br />
46. Detailed Income Statement – <strong>University</strong> 143<br />
47. Detailed Balance Sheet – <strong>University</strong> 145<br />
48. Detailed Cash Flow Statement – <strong>University</strong> 146<br />
49. Acquittal <strong>of</strong> Australian Government Financial<br />
Assistance (<strong>University</strong> Only) 147<br />
Statement by <strong>University</strong> Officers 153<br />
Victorian Auditor-General’s Report 154<br />
Compliance Index to Disclosure Requirements <strong>2007</strong> 156
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