2006 Annual Report - University of Salford
2006 Annual Report - University of Salford
2006 Annual Report - University of Salford
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
<strong>Annual</strong> <strong>Report</strong> &<br />
Financial Statements<br />
Notes to the Accounts<br />
7 Other Operating Expenses (Continued) 2005-06 2004-05<br />
£’000 £’000<br />
Fees and Expenses includes:-<br />
External Auditors’ Remuneration 45 46<br />
Other Services from External Auditor 25 56<br />
Internal Auditors’ Remuneration 142 106<br />
8 Depreciation 2005-06 2004-05<br />
£’000 £’000<br />
The depreciation charge has been funded by:-<br />
Deferred Capital Grant (Note 24) 2,854 2,989<br />
Revaluation Reserve (Note 26) 1,267 1,394<br />
General Income 4,089 3,159<br />
8,210 7,542<br />
Restated<br />
9 Interest Payable 2005-06 2004-05<br />
£’000 £’000<br />
Net Interest on Pension Schemes (Note 38c) 427 393<br />
Students’ Union Deposit Interest 66 70<br />
Bank and Other Loans not Wholly Repayable within Five Years 1,432 1,145<br />
Loan Interest Payable 1,925 1,608<br />
Other Interest Payable 1 1<br />
1,926 1,609<br />
The Students’ Union deposits funds with the <strong>University</strong> for onward investment with Royal London Asset<br />
Management and Tilney Investment Management.<br />
44
Change language