annual report/2006 - University of Melbourne

Statement of Changes in Equity
for the year ended 31 December 2006
CONSOLIDATED
UNIVERSITY
2006 2005 2006 2005
NOTES $’000 $’000 $’000 $’000
Total Equity at the Beginning of the Financial Year 3,165,305 3,004,732 2,899,255 2,745,117
Impairment Gains/(Losses) on Land and Buildings
Taken to Equity, Net of Tax 31(a) 6,088 (22,626) 6,088 (22,626)
Gain/(Loss) on Revaluation of Land and Buildings, Net
of Tax 31(a) 191,601 6,925 177,380 -
Gain/(Loss) on Revaluation of Works of Art, Net of Tax 31(a) 10,310 - 9,603 -
Gain/(Loss) on Revaluation of Other Collections,
Net of Tax 31(a) 6,225 - 6,225 -
Available-for-Sale Investments:
- Valuation Gains/(Losses) Taken to Equity, Net of Tax 31(a) 119,155 99,416 114,482 100,670
- Transferred to Profit and Loss on sale, Net of Tax 31(a) (512) - - -
Exchange Differences on Translation of Foreign
Operations 31(a) 106 (132) - -
Net Income Recognised Directly in Equity 332,973 83,583 313,778 78,044
Operating Result for the Year after Related Income
Tax Expense 90,007 76,990 84,431 76,094
Total Recognised Income and Expense for the Year 422,980 160,573 398,209 154,138
Total Equity at the End of the Financial Year 31 3,588,285 3,165,305 3,297,464 2,899,255
The above Statement of Changes in Equity should be read in conjunction with the accompanying notes.
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The University of Melbourne Annual Report 2006