annual report/2006 - University of Melbourne

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Notes to and forming part of the Financial Statements Note 44 Events Occurring after Reporting Date On 29 August 2006 the Victorian Governor in Council assented to the Melbourne University (Victorian College of the Arts) Act 2006 which enacted the integration of the Victorian College of the Arts (VCA) as a faculty of the University of Melbourne with effect from 1 January 2007. This legislation was gazetted and proclaimed on 31 August 2006. As a result all assets and liabilities of the Victorian College of the Arts (VCA) were assumed by the University from 1 January 2007, and the VCA ceased to exist as a separate reporting entity from that date. There are no other matters or circumstances that have arisen since the end of the financial year that have affected or may subsequently affect the financial position of the University or its subsidiaries. Note 45 Notes to the Statement of Cash Flows (a) Reconciliation of Cash CONSOLIDATED UNIVERSITY 2006 2005 2006 2005 $’000 $’000 $’000 $’000 Cash/(Overdraft) 50,496 62,934 36,320 50,651 Petty Cash Floats 201 185 174 175 Deposits at Call/Term Deposits 6,613 857 - - Bank Bills (maturity < than 90 days) 11,125 8,600 - - 68,435 72,576 36,494 50,826 (b) Reconciliation of Operating Result from Continuing Operations after Income Tax to Net Cash from Operating Activities Operating Result from Continuing Operations after Related Income Tax Expense 90,007 76,990 84,431 76,095 Add/(Less) Non-Cash Flows in Net Profit/(Loss) Depreciation and Amortisation 75,362 75,959 68,628 68,598 Impairment Losses 4,970 17,617 7,970 15,339 Net Transfers Received Free of Charge (189) (9,336) - (9,336) Bad and Doubtful Debts 680 1,300 506 1,264 Revaluation Gains on Other Financial Assets at Fair Value (388) (753) (434) (707) Loss/(Gain) on Sale/Redemption of Investments 4,733 (8,468) 5,296 851 Net (Gain)/Loss on Sale of Non-Current Assets 1,691 (47) 1,718 (280) Changes in Assets and Liabilities Decrease (Increase) in Receivables (45,131) (7,605) (49,153) (5,623) Decrease (Increase) in Prepayments 3,417 (213) 3,460 (116) Decrease (Increase) in Other Assets (2,253) 3,178 (1,302) 2 Decrease (Increase) in Inventories (758) (174) (405) 131 Increase (Decrease) in Provision for Doubtful Debts (134) (800) 11 (842) Increase (Decrease) in Provision for Income Taxes Payable 3 67 - - Increase (Decrease) in Payables 10,650 24,549 14,436 22,913 Increase (Decrease) in Provisions for Employee Entitlements 3,911 14,436 3,802 12,117 Increase (Decrease) in Income in Advance 34,945 8,542 32,161 11,988 Increase (Decrease) in Other Provisions (8,604) 2,195 (6,285) 2,193 Net Cash Inflow (Outflow) from Operating Activities 172,912 197,437 164,840 194,585 144 The University of Melbourne Annual Report 2006
financial statements/ Notes to and forming part of the Financial Statements Note 46 Detailed Income Statement for the Year Ended 31 December 2006 - University Income from Continuing Operations Australian Government Financial Assistance - UNIVERSITY GENERAL TRUST FUNDS AUXILIARY OPERATIONS UNIVERSITY TOTAL $’000 $’000 $’000 $’000 Australian Government Grants 483,488 - 1,725 485,213 HECS-HELP Australian Government Payments 75,655 - - 75,655 FEE-HELP 27,076 - - 27,076 Operating Funds Received from The University of Melbourne - - 1,471 - HECS-HELP Student Payments 24,372 - - 24,372 State Government Financial Assistance 47,227 - 497 47,725 Fees and Charges 278,795 42 19,634 295,413 Investment Income 76,697 26,672 1,270 104,304 Royalties Trademarks and Licences 5,051 4 - 5,054 Consultancy and Contract Research 23,950 19 72 24,040 Other Income Donations and Bequests 18,064 2,828 1,751 22,643 Publishing and Book Sales 2,467 - 9,852 12,319 Box Office Receipts - - 9,609 9,609 Computer Sales 2,583 5 51 2,640 Subscriptions University Societies 961 - 242 1,203 Sale of Produce and Livestock 2,116 10 - 2,127 Net Gain on Sale of Assets - - 82 - Research/Project Income other than the Australian Government - - - - Non-Government Grants 47,735 - 42 47,777 Scholarships and Prizes - - 100 100 Deferred Income - Government Contributions for Superannuation (4,667) - - (4,667) Miscellaneous Income 5,004 7 3,226 3,607 Total Income from Continuing Operations 1,116,574 29,587 49,624 1,186,210 The University of Melbourne Annual Report 2006 145
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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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annual report/2006 - University of Melbourne

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