Untitled - Annual Report 2004 - The University of Western Australia

THE UNIVERSITY OF WESTERN AUSTRALIANotes to the Financial Statementsfor the year ended 31 December 2004ConsolidatedUniversity2004 2003 2004 2003Note $’000 $’000 $’000 $’00028. Restricted Investment AssetsA proportion of the University’s assets is restricted in nature, inthat the funds and/or assets are for a specific use or benefitonly. Restricted assets relate principally to bequests andprizes, research funds, staff benefits and investments on behalfof affiliated entities.Long-term PoolBequest Capital 59,967 53,380 59,967 53,380Specific Bequests 33,039 26,640 33,039 26,640Staff Benefit Funds 15,529 14,596 15,529 14,596Outside Funds 4,649 3,960 4,649 3,960113,184 98,576 113,184 98,576Short-term PoolBequest Operating 30,410 29,657 30,410 29,657Endowment Lands Portfolio 109,399 77,495 109,399 77,495Student Loan Funds 210 188 210 188Outside Funds 4,018 4,063 4,018 4,063Research Funds 22,293 18,755 22,293 18,755Prizes 257 214 257 214Other Funds 62 4 62 4166,649 130,376 166,649 130,376Restricted Investment Portfolio Funds 279,833 228,952 279,833 228,952Endowment Lands 130,011 154,527 130,011 154,527Bequests—Lands and Buildings 1,694 1,694 1,694 1,694Bequests—Shares and Units 3,751 3,451 3,751 3,451Bequests—Funds with Trustee 1,611 1,420 1,611 1,420Restricted Investment Other Assets 137,067 161,092 137,067 161,092Total Restricted Investment Assets 416,900 390,044 416,900 390,04429. PayablesCurrent LiabilitiesCreditors 2,977 3,862 2,889 3,638Total Payables 2,977 3,862 2,889 3,63830. Interest Bearing LiabilitiesCurrent LiabilitiesNet Hire Purchase Liability – 17 – 17Other – 89 – –– 106 – 17Non-current LiabilitiesNet Hire Purchase Liability – 9 – 9Convertible Notes – 2,000 – –– 2,009 – 9Total Interest Bearing Liabilities – 2,115 – 2631. Non-interest Bearing LiabilitiesCurrent LiabilitiesAdvances for Books and Publications 57 77 57 77Non-current LiabilitiesOther – 67 – –Total Non-interest Bearing Liabilities 57 144 57 7770