2006 Annual Report - University of Salford

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Annual Report & Financial Statements Notes to the Accounts Shares in Group Undertakings at 31 July 2006 represent investments, by the University and/or University of Salford Enterprises Limited in the following Companies which are all registered and operating in England and Wales. Company Name Principal Activity Class of Shares % Held % Held by the by the University Group Salford Software Limited Software Marketing Ordinary - 100.0 University of Salford (Health Services Training) Limited Training Ordinary 100.0 100.0 University of Salford Enterprises Limited Business Development , Consultancy and Investment Management Ordinary 100.0 100.0 Skyscope Limited Dormant Ordinary 100.0 100.0 Crescent Purchasing Limited Purchasing Services Ordinary - 100.0 On 31 January 2006 Unity Marketplace Ltd (a group company that was 100% owned at 31 July 2005) issued further shares to e – Government Solutions Limited. The effect of this was to dilute the Group’s effective share holding from100% to 40%. This investment is accounted for using the equity method of accounting. Trade investments by University of Salford Enterprises Limited and/or University of Salford in Companies registered and operating in England and Wales comprise:- Photonics Research Systems Limited Consultancy Ordinary - 24.0 AUR Hydropower Limited Dormant Ordinary - 14.8 The Incubation Partnership Limited Dormant Limited by Guarantee - 25.0 Super Services Limited Marketing Ordinary 2.0 2.0 Sustainability North WestLimited Research Limited by Guarantee 50.0 50.0 Video Arts Limited Media Training Ordinary - 0.2 CVD Technology Limited Industrial Processes Ordinary - 20.0 Learning Expanse Limited E-Learning Software Ordinary - 20.0 The Protocol Lab Limited Construction Industry Software Ordinary - 20.0 Unity Marketplace Limited Software Development Ordinary 40.0 40.0 NFAB Limited Nanotechnology Ordinary 3.1 3.1 Contraception Education Limited Board Game Ordinary - 7.5 Foodparks UK Limited Business Parks Ordinary - 10.0 One Central Park Limited Business Parks Ordinary - 20.0 Innomet Limited Wire Manufacture Ordinary - 10.0 The University also has a small shareholding in CVCP properties plc, a company set up by Universities UK to own its head office building in central London. The Group’s share of the turnover of this company is not considered to be material. 50
Notes to the Accounts Annual Report & Financial Statements 16 Endowment Asset Investments 2006 2005 £’000 £’000 Consolidated and University At 1 August 2005 817 866 Increase/(Decrease) 21 (49) At 31 July 2006 838 817 All the endowment funds are invested in Short Term Investments in accordance with the treasury management policy of the University. 17 Stock 2006 2005 £’000 £’000 Consolidated Building and Engineering Stores 109 100 Catering Stock 22 24 Work in Progress 48 - Goods for sale 4 - 183 124 University Building and Engineering Stores 109 100 Catering Stock 22 24 131 124 18 Debtors 2006 2005 £’000 £’000 Consolidated Amounts Falling Due Within One Year: Trade Debtors 5,413 6,323 Amounts Due on Research Grants and Contracts 1,239 1,071 Accrued Income 4,054 4,026 Prepayments 1,295 1,544 12,001 12,964 University Amounts Falling Due Within One Year: Trade Debtors 3,629 4,628 Amounts Due on Research Grants and Contracts 1,239 1,071 Accrued Income 3,076 3,998 Prepayments 1,226 1,277 Amounts Owed by Subsidiary Undertakings - 65 9,170 11,039 51
Page 1 and 2: University of Salford Annual Report
Page 3 and 4: Annual Report & Financial Statement
Page 5 and 6: Vice-Chancellor’s introduction An
Page 7 and 8: Sharing knowledge - forging partner
Page 9 and 10: Shaping graduates - supporting soci
Page 11 and 12: Nurturing experiences - creating op
Page 13 and 14: Maximising research - tackling issu
Page 15 and 16: Maximising research - tackling issu
Page 17 and 18: Thinking globally - broadening hori
Page 19 and 20: Thinking globally - broadening hori
Page 21 and 22: Encouraging recognition - celebrati
Page 23 and 24: Encouraging recognition - celebrati
Page 25 and 26: Financial Statements Annual Report
Page 27 and 28: Financial Review Annual Report & Fi
Page 29 and 30: Statement of Primary Responsibiliti
Page 31 and 32: Corporate Governance Statement Annu
Page 33 and 34: Statement of the Council’s Respon
Page 35 and 36: Report of the Independent Auditors
Page 37 and 38: Consolidated Statements Annual Repo
Page 39 and 40: University Balance Sheet University
Page 41 and 42: Statement of Principal Accounting P
Page 43 and 44: Notes to the Accounts Annual Report
Page 51: Notes to the Accounts Annual Report
Page 69 and 70: Notes Annual Report & Financial Sta

2006 Annual Report - University of Salford

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