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

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`THE UNIVERSITY OF WESTERN AUSTRALIANOTES TO THE FINANCIAL STATEMENTS31 DECEMBER 2005ConsolidatedUniversity2005 2004 2005 2004Notes $'000 $'000 $'000 $'00034. Deferred revenueAustralian Government financial assistance 24,918 26,396 24,918 26,396Student fees 4,565 3,490 4,565 3,490Research income 22,931 17,343 22,931 17,343Other 5,907 4,387 5,737 4,299Total deferred revenue 58,321 51,616 58,151 51,52835. ReservesCapital reserve 39,677 40,652 39,677 40,652Short-term pool investment reserve 28,331 28,625 28,331 28,625Total reserves 68,008 69,277 68,008 69,277(a) MovementsCapital reserveBalance 1 January 40,652 30,419 40,652 30,419Transfer from/(to) accumulated funds (975) 10,233 (975) 10,233Balance 31 December 39,677 40,652 39,677 40,652Short-term pool investment reserveBalance 1 January 28,625 19,499 28,625 19,499Transfer from/(to) accumulated funds (294) 9,126 (294) 9,126Balance 31 December 28,331 28,625 28,331 28,625Total reserves 68,008 69,277 68,008 69,277(b) Nature and purpose of reserveThe capital reserve has been created to fund programmes identified as priority initiatives and other programmes which cannot be fundedfrom recurrent sources.The short-term pool investment reserve has been created to provide a degree of smoothing of investment income from year to year andprovide increased predictability for planning and budgeting purposes. The University policy for the short-term investment pool is todistribute the income at a budgeted rate and to credit any excess or debit any shortfall to this investment fluctuation reserve.36. Retained profitsOpening balance 1,191,180 1,183,969 1,196,049 1,189,747Net profit/(loss) from ordinary activities 41,034 26,570 41,964 25,661Net adjustment from adoption of AASB 132/139 34 - 34 -Gain on dilution of holdings in associates 1,449 - - -Transfer from/(to) reserves 1,269 (19,359) 1,269 (19,359)Total retained profits 1,234,966 1,191,180 1,239,316 1,196,04963
THE UNIVERSITY OF WESTERN AUSTRALIANOTES TO THE FINANCIAL STATEMENTS31 DECEMBER 200537. Commitments(a)Expenditure commitmentsOutstanding commitments for general expenditure:ConsolidatedUniversity2005 2004 2005 2004$ ’000 $ ’000 $ ’000 $ ’000No later than one year 5,126 4,388 5,126 4,388Later than one year but no later than five years - - - -Later than five years - - - -5,126 4,388 5,126 4,388(b)Capital commitmentsCapital expenditure contracted for at the reporting date but not recognised as liabilities is as follows:Land and buildingsPayables:ConsolidatedUniversity2005 2004 2005 2004$ ’000 $ ’000 $ ’000 $ ’000No later than one year 44,056 19,609 44,056 19,609Later than one year but no later than five years 52,227 18,188 52,227 18,188Later than five years - - - -96,283 37,797 96,283 37,797Other plant and equipmentPayables:No later than one year 2,674 1,243 2,673 1,243Later than one year but no later than five years - - - -Later than five years - - - -2,674 1,243 2,673 1,243(c)Lease commitmentsCommitments in relation to non-cancellable operating leases are payable as follows:ConsolidatedUniversity2005 2004 2005 2004$ ’000 $ ’000 $ ’000 $ ’000No later than one year 638 403 508 403Later than one year but no later than five years 758 426 362 426Later than five years 27 - - -1,423 829 870 82938. Contingent liabilities and assets(a)Contingent liabilitiesAs at 31 December 2005 or at the date of this report, there are no known contingent liabilities which are likely to materially affectthe University’s financial position.(b)Contingent assetsA contingent asset exists in relation to funds bequeathed to the University by way of a Will. The timing of any future inflows ofeconomic benefit cannot be reasonably determined.As at 31 December 2005 or at the date of this report, there are no other known contingent assets which are likely to materiallyaffect the University’s financial position.64
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Annual Report2005
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Chancellor’sIntroductionIt is my
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• the successful negotiation of t
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performance and to ensure its fisca
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SENATE MEMBERSAPPENDIX AThe members
Page 12 and 13: APPENDIX CExecutive Director(Financ
Page 14 and 15: • comprehensive, with a broad tea
Page 16 and 17: ResearchThe University of Western A
Page 18 and 19: Community RelationsBeyond serving t
Page 20 and 21: Capital WorksDuring 2005, in line w
Page 22 and 23: The Impact ofState LegislationIn Au
Page 24: StatisticalProfile23
Page 27 and 28: TABLE 2: STUDENT ENROLMENTS AND LOA
Page 29 and 30: TABLE 5: STUDENT LOAD (EFTSL) BY FA
Page 31 and 32: TABLE 8: STAFF FTE (a) BY MAJOR ORG
Page 33 and 34: INDEPENDENT AUDIT OPINIONTo the Par
Page 36 and 37: THE UNIVERSITY OF WESTERN AUSTRALIA
Page 42 and 43: 1. Summary of significant accountin
Page 44 and 45: 1. Summary of significant accountin
Page 46: THE UNIVERSITY OF WESTERN AUSTRALIA
Page 54 and 55: `THE UNIVERSITY OF WESTERN AUSTRALI
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Page 79 and 80: 48. Acquittal of Australian Governm
Page 81 and 82: 48.4 DEST ResearchTHE UNIVERSITY OF
Page 85: SUMMARY OF KEY PERFORMANCE INDICATO
Page 88 and 89: Proportion of Top School Leavers Ap
Page 90: Indicator 1.4 Graduate Destinations
Page 93 and 94: Commencing Higher Degree by Researc
Page 95 and 96: Selected Research Publications (a)
Page 97: Total Research Income (a) per Acade
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