Untitled - Annual Report 2004 - The University of Western Australia

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THE UNIVERSITY OF WESTERN AUSTRALIANotes to the Financial Statementsfor the year ended 31 December 20041. Statement of Accounting Policies (continued)(v)Employee benefitsVariation in measurement, recognition and disclosures of defined benefit plans while significant is anticipated to have alimited impact on the financial statements of the University due to the limited information available on the multi-employersuperannuation plans administered by UniSuper Ltd and the relatively small size of the University plans. Changes in themeasurement of the liability and disclosures is anticipated.(vi)Financial InstrumentsClassification of financial instruments is required to be undertaken to determine the relevant measurement andrecognition under IFRS. As the University currently records the majority of investment assets (excluding land andbuildings) at market value at each reporting date, changes in measurement and recognition requirements areanticipated to have limited impact on the financial statements of the University.(vii)Internally developed softwareInternally developed software is recorded as property, plant and equipment under current GAAP. Under IFRS, the assetclass is reclassified as intangible assets, and consequently is subject to changes in measurement, recognition anddisclosure requirements.(viii)Business combinationsThe IFRS measurement requirements in relation to controlled entities and the recognition of goodwill requires thereversal of accumulated amortisation of purchased goodwill and a review for impairment losses in relation to thegoodwill. An impairment loss has been brought to account for all purchased goodwill at the transition date.(ix)Retrospective adjustmentsCurrently the identification of prior year errors are brought to account in the reporting period in which the error isidentified. Changes in recognition requirements under IFRS results in the recognition of prior year error retrospectivelyresulting in either amendment to comparative reports at the transition date or potentially to comparative information infuture reporting periods.(y)Financial DisclosuresThe 2003 comparative figures have been amended for any material changes in classifications and presentation structure.DEST requirements for 2004 have resulted in additional disclosure within the Statement of Financial Performance andStatement of Cash Flows and comparative disclosure has been adjusted accordingly. During 2004, some endowment landsproperty previously recorded within Property, Plant and Equipment has been transferred to the investment category in theStatement of Financial Position.54
THE UNIVERSITY OF WESTERN AUSTRALIANotes to the Financial Statementsfor the year ended 31 December 2004ConsolidatedUniversity2004 2003 2004 2003Note $’000 $’000 $’000 $’0002. Commonwealth Government Financial Assistance including HECSand Other Commonwealth Loan Programmes(a)(b)(c)(d)DEST—Teaching and LearningOperating Grant 48.1 62,842 60,991 62,842 60,991Teaching Hospitals 48.1 332 324 332 324Capital Development Pool 48.1 1,049 – 1,049 –Total DEST—Teaching and Learning 64,223 61,315 64,223 61,315HECS and Other Commonwealth LoanProgrammesHECS—Commonwealth payments 48.2 38,161 36,388 38,161 36,388Postgraduate Education Loan Scheme 48.2 3,697 2,385 3,697 2,385Bridging for Overseas TrainedProfessionals Loans Scheme 48.2 24 (2) 24 (2)Total HECS and Other CommonwealthLoan Programmes 41,882 38,771 41,882 38,771ScholarshipsAustralian Postgraduate Awards 48.3 4,680 4,686 4,680 4,686International Postgraduate ResearchScholarships 48.3 1,242 985 1,242 985Commonwealth Education CostsScholarships 48.3 98 – 98 –Commonwealth AccommodationScholarships 48.3 256 – 256 –Total Scholarships 6,276 5,671 6,276 5,671DEST ResearchInstitutional Grants Scheme 48.4 15,969 16,172 15,969 16,172Research Training Scheme 48.4 28,412 27,526 28,412 27,526Systemic Infrastructure Initiative 48.4 2,080 1,910 2,080 1,910Research Infrastructure Block Grants 48.4 12,420 10,325 12,420 10,325Total DEST Research 58,881 55,933 58,881 55,933Total DEST 171,262 161,690 171,262 161,690(e)Australian Research CouncilDiscoveryProjects 48.5 10,067 9,028 10,067 9,028Fellowships 48.5 564 1,046 564 1,046Federation Fellowships 48.5 311 – 311 –Indigenous Researchers Development 48.5 – 10 – 10Total Discovery 10,942 10,084 10,942 10,084LinkagesSpecial Research Initiatives 48.5 – 50 – 50Infrastructure 48.5 1,512 808 1,512 808International 48.5 158 178 158 178Projects 48.5 4,272 2,811 4,272 2,811Research Networks 48.5 335 – 335 –Centres 48.5 1,658 1,770 1,658 1,770Total Linkages 7,935 5,617 7,935 5,61755
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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 46 and 47: 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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