Untitled - Annual Report 2004 - The University of Western Australia

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THE UNIVERSITY OF WESTERN AUSTRALIAStatement of Financial Performancefor the year ended 31 December 2004ConsolidatedUniversity2004 2003 2004 2003Note $’000 $’000 $’000 $’000Revenue from Ordinary ActivitiesCommonwealth Government Financial AssistanceCommonwealth Government Grants 2 206,868 194,546 206,868 194,546Higher Education Contribution SchemeStudent Contributions 9,953 8,969 9,953 8,969Commonwealth Payments 2 38,161 36,388 38,161 36,388Commonwealth Loan Programmes 2 3,721 2,383 3,721 2,383Western Australian and Local Government Financial Assistance 3 29,317 29,291 29,317 29,291Other Research Grants and Contracts 4 20,749 15,338 20,713 15,338Investment Income 5 69,415 39,683 67,811 39,638Fees and Charges 6 53,520 49,430 53,520 49,430Salary and Other Recoveries 7 16,253 20,634 16,263 20,636Other Revenue 8 26,618 27,267 25,863 25,887Share of Net Result of Associates and Joint Ventures 41, 42 30 (928) – –Total Revenue from Ordinary Activities 474,605 423,001 472,190 422,506Expenses from Ordinary ActivitiesEmployee Benefits 9 258,301 239,887 257,863 239,421Student Expenses 10 21,000 18,345 21,000 18,345Materials and Supplies 11 19,434 19,717 19,313 19,171Depreciation and Amortisation Expenses 12 24,116 29,619 23,814 28,861Repairs and Maintenance 13 11,247 11,071 11,215 11,020Grants to Affiliated Activities 14 20,833 15,822 20,883 15,822Travel Expenses 15 14,275 13,116 14,203 13,055Other Expenses 16 66,510 72,312 65,495 71,399Total Expenses from Ordinary Activities 435,716 419,889 433,786 417,094Net Operating Result 38,889 3,112 38,404 5,412Net Operating Result Attributableto Outside Equity Interest 424 677 – –Net Operating Result Attributable to Parent Entity 39,313 3,789 38,404 5,412Net Increase/(Decrease) in Asset Revaluation Reserve 34 21,359 15,567 21,359 15,567Net Initial Adjustments on Adoption of a NewAccounting Standard (AASB 1044—Provisions) – 1,659 – 1,659Total Revenues, Expenses and ValuationAdjustments Recognised Directly in Equity 21,359 17,226 21,359 17,226Total Changes in Equity other than thoseDirectly Resulting from Transactionswith Owners as Owners 60,672 21,015 59,763 22,638This Statement of Financial Performance should be read in conjunction with the accompanying notes.44
THE UNIVERSITY OF WESTERN AUSTRALIAStatement of Financial Positionas at 31 December 2004ConsolidatedUniversity2004 2003 2004 2003Note $’000 $’000 $’000 $’000Current AssetsCash Assets 21 31,154 53,930 30,947 53,406Inventories 22 627 518 627 461Receivables 23 23,036 18,760 22,880 18,362Other Assets 25 8,665 5,677 8,665 5,677Total Current Assets 63,482 78,885 63,119 77,906Non-current AssetsReceivables 23 557 404 557 404Restricted Investment Assets 24, 28 416,900 390,044 416,900 390,044Unrestricted Investment Assets 24 126,667 141,353 131,711 149,687Property, Plant and Equipment 26 710,261 634,285 710,261 633,388Intangible Assets 27 – 5,445 – –Total Non-current Assets 1,254,385 1,171,531 1,259,429 1,173,523Total Assets 1,317,867 1,250,416 1,322,548 1,251,429Current LiabilitiesPayables 29 2,977 3,862 2,889 3,638Interest Bearing Liabilities 30 – 106 – 17Non-interest Bearing Liabilities 31 57 77 57 77Provisions 32 32,500 25,834 32,488 25,804Other Liabilities 33 43,871 40,383 43,781 40,084Total Current Liabilities 79,405 70,262 79,215 69,620Non-current LiabilitiesInterest Bearing Liabilities 30 – 2,009 – 9Non-interest Bearing Liabilities 31 – 67 – –Provisions 32 29,654 27,884 29,654 27,884Total Non-current Liabilities 29,654 29,960 29,654 27,893Total Liabilities 109,059 100,222 108,869 97,513NET ASSETS 1,208,808 1,150,194 1,213,679 1,153,916EquityParent Entity InterestReserves 34 121,700 80,982 121,700 80,982Retained Profits 35 1,087,108 1,067,154 1,091,979 1,072,934Total Parent Entity Interest 1,208,808 1,148,136 1,213,679 1,153,916Outside Equity Interest 36 – 2,058 – –TOTAL EQUITY 1,208,808 1,150,194 1,213,679 1,153,916This Statement of Financial Position should be read in conjunction with the accompanying notes.45
Page 2: AAAchieving International Excellenc
Page 5: Chancellor’s IntroductionIT IS my
Page 9: commercialisation of the University
Page 13 and 14: University GovernanceTHE UNIVERSITY
Page 15 and 16: The Vice-Chancellor also appoints s
Page 17 and 18: APPENDIX BUNIVERSITYGOVERNANCESENAT
Page 19: Risk ManagementThe University’s a
Page 22 and 23: BTeaching and LearningTHE UNIVERSIT
Page 25 and 26: Community RelationsBEYOND THE direc
Page 27: Staffing and Related MattersON STAF
Page 31 and 32: Capital WorksTHE UNIVERSITY is curr
Page 33: (RKP) to the State Records Commissi
Page 36 and 37: TABLE 1TOTAL STUDENT ENROLMENTS BY
Page 38 and 39: TABLE 3STUDENT ENROLMENTS AND LOAD
Page 40 and 41: TABLE 8FACULTY LOAD (EFTSU) AS A PE
Page 42 and 43: TABLE 10STAFF FTE (a) BY MAJOR ORGA
Page 48 and 49: THE UNIVERSITY OF WESTERN AUSTRALIA
Page 86 and 87: Performance IndicatorsSummary of Ke
Page 90 and 91: Key Performance Indicators 2004The
Page 92 and 93: Indicator 1.4 Graduate Destinations
Page 94 and 95:
2. Research and ScholarshipDesired
Page 96 and 97:
Indicator 2.3 Publication RatesThe
Page 98:
Total Research Income (a) per Acade
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Untitled - Annual Report 2004 - The University of Western Australia

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