annual report/2006 - University of Melbourne

More documents

Recommendations

Info

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.
quality people/ financial statements/ Contents Income Statement 92 Balance Sheet 93 Statement of Changes in Equity 94 Cash Flow Statement 95 Notes to and forming part of the Financial Statements 96 1. Statement of Significant Accounting Policies 96 2. Australian Government Financial Assistance 105 3. State Government Financial Assistance 107 4. Fees and Charges 107 5. Investment Income 108 6. Royalties, Trademarks and Licences 108 7. Consultancy and Contract Research 108 8. Other Income 108 9. Employee Benefits and On Costs 109 10. Depreciation and Amortisation 110 11. Repairs and Maintenance 110 12. Finance Costs 110 13. Bad and Doubtful Debts 110 14. Accounting and Auditing Services 111 15. Other Expenses 111 16. Sale of Assets 111 17. Income Tax Expense/(Benefit) 112 18. Receivables 112 19. Inventories 113 20. Other Financial Assets at Fair Value 113 21. Non-Current Investments 113 22. Assets Classified as Held for Sale 114 23. Other Financial Assets at Fair Value 114 24. Other Non-Financial Assets (Current) 114 25. Property, Plant and Equipment 115 26. Intangible Assets 122 27. Payables 122 28. Interest Bearing Liabilities 122 29. Provisions 123 30. Other Current Liabilities 124 31. Reserves and Retained Surplus 125 32. Financial Instruments 127 33. Responsible Persons and Executive Officers 132 34. Contingent Assets and Contingent Liabilities 134 35. Commitments 135 36. Superannuation Commitments 136 37. WorkCover – Self Insurance 137 38. Related Party Transactions 138 39. Consultants 139 40. Investments in Subsidiaries 140 41. Particulars In Relation to Each Consolidated Entity 141 42. Subsidiaries – Income Statement Analysis 142 43. Subsidiaries – Balance Sheet Analysis 143 44. Events Occuring after Reporting Date 144 45. Notes to the Statement of Cash Flows 144 46. Detailed Income Statement – University 145 47. Detailed Balance Sheet – University 147 48. Detailed Cash Flow Statement – University 148 49. Aquittal of Australian Government Financial Assistance (University only) 149 Statement by University Officers 154 Auditor-General’s Report 155 Compliance Index to Disclosure Requirements 2006 157 The University of Melbourne Annual Report 2006 91
Page 1 and 2:
growing in the esteem of future gen
Page 3 and 4:
Melbourne has set itself the diffic
Page 5 and 6:
Letter to the Minister The Hon Jaci
Page 7 and 8:
senior officers/ President, Academi
Page 9 and 10:
highlights/ knowledge transfer/ •
Page 11 and 12:
“ Melbourne has a great education
Page 13 and 14:
introduction and overview/ Five-Yea
Page 15 and 16:
introduction and overview/ its posi
Page 17 and 18:
Table 1. Median undergraduate ENTER
Page 19 and 20:
quality people/ High-Achieving Stud
Page 21 and 22:
The strength of the University’s
Page 23 and 24:
esearch and research training/ Rese
Page 25 and 26:
esearch and research training/ the
Page 27 and 28:
esearch and research training/ The
Page 29 and 30:
esearch and research training/ Recr
Page 31 and 32:
Our goal is to provide high-quality
Page 33 and 34:
learning and teaching/ The Universi
Page 35 and 36:
learning and teaching/ A working gr
Page 37 and 38:
learning and teaching/ programs, tr
Page 39 and 40:
Melbourne has embraced ‘knowledge
Page 41 and 42:
knowledge transfer/ Embed Knowledge
Page 43 and 44: knowledge transfer/ The University
Page 45 and 46: knowledge transfer/ Multimedia Lice
Page 47 and 48: “ Research considerations and stu
Page 49 and 50: international engagement/ Universit
Page 51 and 52: international engagement/ Asialink
Page 53 and 54: “ The Melbourne Model of undergra
Page 55 and 56: inding the strands together/ Studen
Page 57 and 58: The University continues to take st
Page 59 and 60: inding the strands together/ Table
Page 61 and 62: inding the strands together/ to imp
Page 63 and 64: inding the strands together/ Source
Page 65 and 66: inding the strands together/ Improv
Page 67 and 68: university governance/ The Universi
Page 69 and 70: university governance/ The Universi
Page 71 and 72: university governance/ Principal Co
Page 73 and 74: statutory reporting/ Statutory Repo
Page 75 and 76: statutory reporting/ B: Documents C
Page 77 and 78: statutory reporting/ The Audit and
Page 79 and 80: statutory reporting/ University Bus
Page 81 and 82: statutory reporting/ Table 2. Occup
Page 83 and 84: statutory reporting/ Regulatory Act
Page 85 and 86: statutory reporting/ Statutes enact
Page 87 and 88: statutory reporting/ In accordance
Page 89 and 90: statutory reporting/ B. Fees Collec
Page 91 and 92: financials/ Sources of Income Combi
Page 93: financials/ Five Year Financial Sum
Page 97 and 98: financial statements/ Balance Sheet
Page 99 and 100: financial statements/ Cash Flow Sta
Page 101 and 102: financial statements/ Notes to and
Page 145 and 146:
financial statements/ Notes to and
Page 147 and 148:
Page 149 and 150:
Page 151 and 152:
Page 153 and 154:
Page 155 and 156:
Page 157 and 158:
Page 159 and 160:
financial statements/ The Universit
Page 161 and 162:
Compliance Index/ to Disclosure Req
Page 163 and 164:
Clause Disclosure Page Additional I
Page 165 and 166:
Design and artwork by B&B Design Au
show all

annual report/2006 - University of Melbourne

Create successful ePaper yourself

Delete template?

Save as template?