Annual Report 2005 - Publications Unit - The University of Western ...

THE UNIVERSITY OF WESTERN AUSTRALIAINCOME STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2005Revenue from continuing operationsConsolidatedUniversity2005 2004 2005 2004Notes $'000 $'000 $'000 $'000Australian Government financial assistanceAustralian Government grants 2 226,659 204,232 226,659 204,232HECS-HELP Australian Government payments 2 42,441 38,161 42,441 38,161FEE-HELP 2 4,195 3,721 4,195 3,721Western Australian and Local Government financial assistance 3 27,606 31,605 27,606 31,605HECS-HELP student payments 13,772 9,953 13,772 9,953Other research grants and contracts 4 21,989 18,895 21,989 18,859Investment income 5 56,032 66,863 55,944 65,259Fees and charges 6 57,347 53,520 57,062 53,520Salaries and other recoveries 7 18,355 16,253 18,358 16,263Other revenue 8 41,309 28,588 37,157 27,833Share of net results of associates accounted for using the equitymethod 42 (872) 30 - -Total revenue from continuing operations 508,833 471,821 505,183 469,406Expenses from continuing operationsEmployee benefits and on-costs 9 276,797 258,494 273,807 258,056Student expenses 10 24,287 21,000 24,291 21,000Materials and supplies 11 22,584 19,437 21,318 19,316Depreciation, amortisation and impairment 12 24,673 25,305 24,670 25,003Repairs and maintenance 13 12,188 12,078 12,118 12,046Grants distributed 14 23,087 20,833 23,227 20,883Travel 15 14,756 14,275 14,732 14,203Professional fees 16 13,231 10,324 13,123 10,302Other expenses 17 56,196 63,929 55,933 62,936Total expenses from continuing operations 467,799 445,675 463,219 443,745Net operating result from continuing operations 41,034 26,146 41,964 25,661Net operating result attributable to minority interest - 424 - -Net operating result 41,034 26,570 41,964 25,661The income statements should be read in conjunction with the accompanying notes.35