2006 Annual Report - University of Salford
2006 Annual Report - University of Salford
2006 Annual Report - University of Salford
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<strong>Annual</strong> <strong>Report</strong> &<br />
Financial Statements<br />
Consolidated Balance Sheet<br />
Consolidated Balance Sheet<br />
as at 31 July <strong>2006</strong><br />
Restated<br />
Note <strong>2006</strong> 2005<br />
£’000 £’000<br />
Fixed Assets<br />
Tangible Assets 14 162,520 132,119<br />
Investments 15 80 58<br />
162,600 132,177<br />
Endowment Asset Investments 16 838 817<br />
Current Assets<br />
Stock 17 183 124<br />
Debtors 18 12,001 12,964<br />
Investments 19 3,909 15,843<br />
Cash at Bank and in Hand 306 1,219<br />
16,399 30,150<br />
Creditors: Amounts Falling Due Within One Year 20 (24,635) (29,876)<br />
Net Current Liabilities/Assets (8,236) 274<br />
Total Assets Less Current Liabilities 155,202 133,268<br />
Creditors: Amounts Falling Due After More Than One Year 21 (21,103) (22,953)<br />
Provisions for Liabilities 23 (621) (1,989)<br />
Net Assets Excluding Net Pension Liability 133,478 108,326<br />
Net Pension Liability 38(d) (26,288) (25,415)<br />
Net Assets Including Net Pension Liability 107,190 82,911<br />
Deferred Capital Grants 24 29,614 28,603<br />
Specific Endowments 25 838 817<br />
Reserves<br />
Revaluation Reserve 26 63,716 38,164<br />
Income and Expenditure Reserve 27 39,310 40,742<br />
Pension Reserve 28 (26,288) (25,415)<br />
Total Funds 107,190 82,911<br />
The Financial Statements on pages 34 to 65 were approved by the Council on 12 December <strong>2006</strong> and signed<br />
on its behalf by:-<br />
Pr<strong>of</strong>essor M Harloe<br />
Vice-Chancellor<br />
Mr J Greenough FCA, CPFA Chairman <strong>of</strong> Finance Committee<br />
Mr R Corner CPFA<br />
Director <strong>of</strong> Finance<br />
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