annual report/2006 - University of Melbourne

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Notes to and forming part of the Financial Statements Note 10 Depreciation and Amortisation CONSOLIDATED UNIVERSITY 2006 2005 2006 2005 NOTES $’000 $’000 $’000 $’000 Depreciation and Amortisation by Class of Assets Depreciation Buildings 43,045 41,813 40,278 39,114 Buildings - Fixtures and Fittings 15 95 15 95 Leasehold Improvements 503 453 218 2 Scientific and Computing Equipment 14,658 15,055 13,670 14,016 Works of Art 2 3 - - General Equipment 5,166 5,720 4,232 4,487 Communications Equipment 200 239 196 236 Furniture 519 476 106 101 Motor Vehicles 1,494 1,569 1,446 1,488 Library Collection 8,808 7,775 8,466 7,487 Assets Under Finance Lease 692 697 - - Total Depreciation 75,102 73,895 68,627 67,026 Amortisation Software 260 2,064 1 1,572 Total Amortisation 260 2,064 1 1,572 Total Depreciation and Amortisation 75,362 75,959 68,628 68,598 Note 11 Repairs and Maintenance Buildings 33,941 33,047 32,077 30,781 Plant and Equipment 10,292 5,466 9,360 4,541 Total Repairs and Maintenance 44,233 38,513 41,437 35,322 Note 12 Finance Costs Interest Expense 10,767 10,727 10,767 10,610 Finance Charges Payable under Finance Leases 120 - - - Total Finance Costs Expensed 10,887 10,727 10,767 10,610 Note 13 Bad and Doubtful Debts Bad Debts Written Off 681 1,300 506 1,264 Increase/(Decrease) in Provision for Doubtful Debts (135) (687) 11 (842) Total Bad and Doubtful Debts 546 613 517 422 110 The University of Melbourne Annual Report 2006
financial statements/ Notes to and forming part of the Financial Statements Note 14 Accounting and Auditing Services CONSOLIDATED UNIVERSITY 2006 2005 2006 2005 NOTES $’000 $’000 $’000 $’000 Auditing and Review of Financial Reports - Victorian Auditor-General 270 247 190 170 Other Auditors 427 418 192 185 Accounting Services 58 859 8 43 Total Accounting and Auditing Services 755 1,524 390 398 Note 15 Other Expenses Scholarships 50,768 47,899 49,511 45,963 Equipment Purchases (items not capitalised) 14,440 15,102 13,982 14,826 Consumable Materials 38,059 36,949 36,840 33,962 Travel, Staff Development and Training 37,598 31,948 33,789 28,886 Library Materials 7,257 3,435 6,914 3,082 Grants 77,563 55,055 93,674 71,449 Rent and Leasing Payments 11,477 14,856 8,765 8,440 Utilities and Services 29,301 28,684 26,378 25,916 Contracted and Professional Services 59,458 56,305 62,873 60,288 Printing, Publications and Stationary 13,050 13,337 9,273 8,512 Insurance 5,326 4,868 5,032 4,777 Net Loss on Disposal of Property, Plant and Equipment 16 1,691 47 1,718 - Other Expenses 63,264 57,998 48,822 41,807 Program and Course Development, Preparation and Delivery Services 11,969 13,308 - - Course Fees Paid 5,103 3,973 5,103 3,973 Impairment Losses * 4,970 17,617 7,970 15,339 Total Other Expenses 431,294 401,381 410,644 367,220 * Impairment losses for the year ended 31 December 2006 mainly comprise of a $3.0 million (2005 $15.3 million) impairment of the University’s investment in U21 Global. Note 16 Sale of Assets Proceeds from Sale of Assets Property, Plant and Equipment 23,343 2,166 22,412 1,973 Total Proceeds from Sale of Assets 23,343 2,166 22,412 1,973 Carrying Amount of Assets Sold/Scrapped Property, Plant and Equipment 25,034 2,213 24,130 1,693 Total Carrying Amount of Assets Sold/Scrapped 25,034 2,213 24,130 1,693 Net Gain/(Loss) on Sale of Assets (1,691) (47) (1,718) 280 The University of Melbourne Annual Report 2006 111
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growing in the esteem of future gen
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Melbourne has set itself the diffic
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Letter to the Minister The Hon Jaci
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senior officers/ President, Academi
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highlights/ knowledge transfer/ •
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“ Melbourne has a great education
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introduction and overview/ Five-Yea
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introduction and overview/ its posi
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Table 1. Median undergraduate ENTER
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quality people/ High-Achieving Stud
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The strength of the University’s
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esearch and research training/ Rese
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esearch and research training/ The
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Our goal is to provide high-quality
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learning and teaching/ The Universi
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learning and teaching/ A working gr
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learning and teaching/ programs, tr
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Melbourne has embraced ‘knowledge
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knowledge transfer/ Embed Knowledge
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knowledge transfer/ The University
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knowledge transfer/ Multimedia Lice
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international engagement/ Universit
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international engagement/ Asialink
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“ The Melbourne Model of undergra
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The University continues to take st
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inding the strands together/ Table
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inding the strands together/ to imp
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