annual report/2006 - University of Melbourne

financials/
Five Year Financial Summary
The University of Melbourne and Its Subsidiaries
2006 2005 2004 2003# 2002#
REVENUE AND EXPENSE ($’000)
Income 1,282,566 1,211,907 1,166,332 1,006,646 954,452
Expenses 1,192,560 1,134,934 1,072,845 944,305 885,912
Profit/(Loss) Before Income Tax 90,006 76,973 93,487 62,341 68,540
Income Tax (Expense)/Benefit 1 17 (51) 2,015 (2,066)
PROFIT/(LOSS) AFTER TAX 90,007 76,990 93,436 64,356 66,474
BALANCE SHEET ($’000)
Reserves 2,553,953 2,422,438 2,321,596 2,237,905 2,029,976
Retained Surplus/(Deficit) 1,034,332 742,867 683,136 601,060 550,414
TOTAL EQUITY 3,588,285 3,165,305 3,004,732 2,838,965 2,580,390
Current Liabilities* 285,530 249,530 159,031 167,039 151,459
Non-Current Liabilities 273,600 268,861 311,410 284,190 289,958
EQUITY AND LIABILITIES 4,147,415 3,683,696 3,475,173 3,290,194 3,021,807
Current Assets 261,993 237,307 254,504 189,859 196,602
Non-Current Assets 3,885,422 3,446,389 3,220,670 3,100,334 2,825,205
TOTAL ASSETS 4,147,415 3,683,696 3,475,174 3,290,193 3,021,807
CASH FLOWS ($’000)
Cash Flows from Operating
Activities including
Government Funding:
- Inflows 1,259,935 1,217,986 1,148,556 987,848 934,780
- Outflows 1,087,023 1,020,549 977,254 859,062 796,006
NET CASH INFLOW FROM
OPERATING ACTIVITIES 172,912 197,437 171,302 128,786 138,774
* A change in accounting standards has required certain employee entitlements previously categorised as
non-current liabilities, to be classified as current liabilities. This change has been applied to 2005 and 2006 only.
# From 1 January 2005 the University of Melbourne was required to prepare Financial Statements using Australian equivalents
to International Financial Reporting Standards (AIFRS). Financial Statements of the University of Melbourne
until 31 December 2004 had been prepared in accordance with previous Generally Accepted Accounting Principles
(AGAAP). AGAAP differs in certain respects from AIFRS as such certain accounting, valuation and consolidation methods
applied using AGAAP were amended to comply with AIFRS. The comparative figures in respect of 2004 have been restated
to reflect these adjustments, however the years 2003-2002 stated here have not been adjusted and therefore represent
the treatment under AGAAP.
The University of Melbourne Annual Report 2006
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