annual report/2006 - University of Melbourne

Notes to and forming part of the Financial Statements
Note 22 Assets Classified as Held for Sale
CONSOLIDATED
UNIVERSITY
2006 2005 2006 2005
NOTES $’000 $’000 $’000 $’000
Assets
Total Current Assets - 2,068 - -
Total Non-Current Assets - 1,432 - -
Total Assets Classified as Held for Sale - 3,500 - -
Liabilities
Total Current Liabilities - 1,277 - -
Total Liabilities Attributable to Assets Classified as
Held for Sale - 1,277 - -
Pursuant to the decision in June 2005 for Melbourne University Private Ltd (now known as UMEE Ltd) to cease operating
as a University, certain activities of the company were identified as held for sale. These activities were not specifically
identified in the financial report as the Directors of UMEE Ltd believed that to do so would compromise the sale process.
Note 23 Other Financial Assets at Fair Value
Non-Current
Investment in Subsidiary Companies - - 25,348 22,348
Other Investments 27,170 22,200 27,170 22,200
Provision for Accumulated Impairment (23,045) (18,075) (28,844) (20,874)
Other 20 20 - -
Total Other Financial Assets 4,145 4,145 23,674 23,674
Note 24 Other Non-financial Assets (Current)
Prepaid Expense 6,967 10,397 6,504 9,976
Accrued Income/Other 2,419 2,334 1,116 1,227
Total Other Non-Financial Assets 9,386 12,731 7,620 11,203
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The University of Melbourne Annual Report 2006