annual report/2006 - University of Melbourne

Five Year Financial Summary
The University of Melbourne and Its Subsidiaries
2006 2005 2004 2003# 2002#
SOURCES OF INCOME ($’000)
Australian Government Recurrent Financial 301,153 274,818 265,102 242,255 234,418
Assistance
Other Australian Government Financial
187,134 178,534 153,150 137,030 107,512
Assistance
HECS-HELP:
- HECS-HELP Australian Government
75,655 70,445 69,204 69,635 70,939
Payments
- HECS-HELP Student Payments 25,272 24,703 20,477 19,011 16,973
FEE-HELP 28,171 24,120 21,801 16,129 9,946
State Government Financial Assistance 48,098 39,031 37,598 33,533 51,689
Investments, Fees and Charges 543,184 529,134 529,780 419,674 405,562
Grants, Donations and Bequests 73,899 71,122 69,220 69,379 57,413
TOTAL INCOME 1,282,566 1,211,907 1,166,332 1,006,646 954,452
EXPENDITURES ($’000) -
Employee Benefits and On Costs 634,916 593,607 555,340 489,210 457,498
Depreciation and Amortisation 75,360 75,959 72,786 74,365 64,741
Repairs and Maintenance 44,233 38,513 37,280 41,841 39,135
Scholarships 50,768 47,899 43,393 38,352 31,895
Other Expenses 387,283 378,956 364,046 300,537 292,643
TOTAL EXPENDITURE 1,192,560 1,134,934 1,072,845 944,305 885,912
KEY RATIOS -
Australian Government Recurrent Grants
including payments from HECS-HELP and
HECS-HELP Student Payments 402,080 369,966 354,783 330,901 322,330
Other University Income 880,486 841,941 811,549 675,745 632,122
TOTAL UNIVERSITY INCOME ($’000) 1,282,566 1,211,907 1,166,332 1,006,646 954,452
Australian Government Recurrent Grants
and HECS-HELP as a % of Total
University Income 31 31 30 33 34
Number of Students (EFTSL) 33,856 34,008 33,612 32,870 31,913
Average Australian Government Recurrent
Grants per Student $
11,876 10,879 10,555 10,067 10,100
DEST Funded Student Load 21,175 21,379 20,942 21,199 21,689
Average Australian Government Recurrent
Grants ** – per DEST funded position $
14,222 12,855 12,659 11,428 10,808
** Includes funding for the Commonwealth Grants Scheme, Institutional Grants Scheme, Research Training Scheme
and Research Infrastructure Block Grants.
# 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.