Untitled - Annual Report 2004 - The University of Western Australia
Untitled - Annual Report 2004 - The University of Western Australia
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 <strong>2004</strong>Consolidated<strong>University</strong><strong>2004</strong> 2003 <strong>2004</strong> 2003Note $’000 $’000 $’000 $’00024. Investments<strong>The</strong> <strong>University</strong> investments include a long-term investment poolfor funds <strong>of</strong> a long-term nature. Contributions to the fundsinclude the capital balances <strong>of</strong> the Hackett, Gledden, RaineBequests and other permanent bequests, Staff SupplementaryPensions Scheme, Staff Supplementary Benefits Scheme andthe Capital Reserves.<strong>The</strong> short-term investment pool comprises the working capital<strong>of</strong> the <strong>University</strong> and is made up from unexpended grants andappropriations, student fees, external research funds, schoolspecial funds and cash proceeds from land sales.Managed Investment PortfoliosLong-term pool 219,417 200,858 219,417 200,858Short-term pool 178,644 162,266 178,644 162,266398,061 363,124 398,061 363,124EndowmentLand and Buildings (at cost and donated value) # 130,011 154,527 130,011 154,527OtherBequests—Land and Buildings (at cost and bequested value) # 1,693 1,694 1,693 1,694Bequests—Shares (at market value) 3,750 3,451 3,750 3,451Shares—Unlisted (at cost) 1,090 1,084 1,090 1,0846,533 6,229 6,533 6,229Unsecured Loan AdvancesUWA Sports and Recreation Association 705 705 705 705WA Institute <strong>of</strong> Medical Research 2,000 2,000 2,000 2,000Motorola 519 643 519 643<strong>University</strong> Co-op Bookshop – 8 – 8Winthrop <strong>Australia</strong> 11 16 11 163,235 3,372 3,235 3,372Investment in Joint Venture – 2,533 – –Investment in Controlled Entities – – – 10,867Investment in Associated Entities 3,913 – 8,957 –3,913 2,533 8,957 10,867Other Investments 1,814 1,612 1,814 1,612Total Investment Funds 543,567 531,397 548,611 539,731Restricted Investment Assets 28 416,900 390,044 416,900 390,044Unrestricted Investment Assets 126,667 141,353 131,711 149,687Total Investment Funds 543,567 531,397 548,611 539,731# Denotes the cost or bequested value <strong>of</strong> endowment andbequest land and buildings with an estimated market value <strong>of</strong>$241.1 million (2003: $249.8 million).65
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