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

THE UNIVERSITY OF MELBOURNE
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2007
FINANCIAL
STATEMENTS
CONSOLIDATED
UNIVERSITY
2007 2006 2007 2006
NOTE $’000 $’000 $’000 $’000
Total Equity at the Beginning of the Financial Year 3,588,285 3,165,305 3,297,464 2,899,255
Impairment Gains / (Losses) on Land and Buildings Taken to 31(a) 2,917 6,088 2,917 6,088
Equity, Net of Tax
Gain/(Loss) on Revaluation of Land and Buildings, Net of Tax 31(a) - 191,601 - 177,380
Gain/(Loss) on Revaluation of Works of Art, Net of Tax 31(a) - 10,310 - 9,603
Gain/(Loss) on Revaluation of Other Collections, Net of Tax 31(a) - 6,225 - 6,225
Available-for-Sale Investments:
- Valuation Gains/(Losses) Taken to Equity 31(a) 30,844 119,155 35,175 114,482
- Transferred to Profit and Loss on sale, Net of Tax 31(a) (12,817) (512) - -
Exchange Differences on Translation of Foreign Operations 31(a) (214) 106 - -
Transfer of Melbourne Business School Building Fund Reserve (67) - - -
Capital Contribution 275 - - -
Net Income Recognised Directly in Equity 20,938 332,973 38,092 313,778
Net Result for the Year 96,246 90,007 183,378 84,431
Total Recognised Income and Expense for the Year 117,184 422,980 221,470 398,209
Total Equity at the End of the Financial Year 31 3,705,469 3,588,285 3,518,934 3,297,464
The above Statement of Changes in Equity should be read in conjunction with the accompanying notes.
The University of Melbourne Annual Report 2007 97