annual report/2006 - University of Melbourne

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
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