New Zealand Vice-Chancellors' Committee - Universities New ...

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8. FINANCIAL SUMMARY* STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 30 JUNE 2007 ACTUAL ACTUAL 2007 2006 $ $ Revenue University Annual Grants 984,000 960,000 Administration Fees 100,520 96,743 Interest Income 58,991 56,271 Sundry Income 0 1,364 Share of INQAAHE Surplus 0 (16,851) Total Revenue 1,143,511 1,097,527 Expenditure Administration & Office Expenses 257,692 273,763 Legal & Consultancy Fees 91,806 115,090 Salaries & ACC Levies 684,989 640,762 Total Expenditure 1,034,487 1,029,615 Surplus/(Deficit) $109,024 $67,912 * This is a summary of the full financial accounts submitted to Parliament. 36
STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2007 ACTUAL ACTUAL 2007 2006 $ $ Equity <strong>Committee</strong> Funds 793,677 684,653 Asset Revaluation Reserve 405,988 24,581 Accumulated Funds $1,199,665 $709,234 REPRESENTED BY: Current Assets Cash and Bank Balances 380,323 179,227 Accounts Receivable 81,083 117,969 Accrued Interest 31,407 11,349 Bank Term Investments 2,300,000 1,800,000 2,792,813 2,108,545 Non-Current Assets Fixed Assets 742,721 354,354 Jarden Morgan Portfolio 1,213,138 1,286,242 1,955,859 1,640,596 Total Assets 4,748,672 3,749,141 Current Liabilities Accounts Payable 102,507 146,732 Employee Entitlements 49,199 49,791 GST Payment/(Refund) (3,194) (1,414) Commercialisation of Research Fund 8,443 9,000 CONZUL 18,264 0 NZ Council of Deans of Education 169,695 0 NZ Women in Leadership 106,875 0 451,789 204,109 Non-Current Liabilities Employee Entitlements 106,723 83,402 Scholarship Commitments 2,990,495 2,752,396 3,097,218 2,835,798 Total Liabilities 3,549,007 3,039,907 Net Assets $1,199,665 $709,234 37
Page 1 and 2: New Zealand Vice-Chancellors’ Com
Page 3 and 4: New Zealand Vice-Chancellors’ Com
Page 5 and 6: The New Zealand University System K
Page 7 and 8: CONTENTS The Year at a Glance……
Page 9 and 10: June 22 July 25 August 7 August 10
Page 11 and 12: 2. EXECUTIVE DIRECTOR’S REPORT In
Page 13 and 14: go back to Government for additiona
Page 15 and 16: The universities favoured whole-of-
Page 17 and 18: 5. INTERNATIONAL LINKS NZVCC mainta
Page 19 and 20: 7. STANDING COMMITTEES AND WORKING
Page 21 and 22: The three reports on 2007 survey ou
Page 23 and 24: The year 2007 was a settling down p
Page 25 and 26: Committee of International Managers
Page 27 and 28: • Electronic Purchasing in Collab
Page 29 and 30: 7.8 Research (Chair: Professor Davi
Page 31 and 32: R&D tax credits While the Budget re
Page 33 and 34: In July 2007, Dr Norman Geddes, a C
Page 35 and 36: Table of new qualifications approve
Page 37: Personnel Professor Roger Field com
Page 41: Massey University Master of Defence
Page 44: Level 11, 94 Dixon Street PO Box 11

New Zealand Vice-Chancellors' Committee - Universities New ...

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