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

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42. Investments in associates (continued)(b) Movements in carrying amountsTHE UNIVERSITY OF WESTERN AUSTRALIANOTES TO THE FINANCIAL STATEMENTS31 DECEMBER 2005Consolidated2005 2004$ ’000 $ ’000Carrying amount at the beginning of the financial year 3,913 -Investment prior to change in status to associates - 5,930Adjustment to reflect change in status to associates - (2,047)Share of profits/(loss) before income tax (872) 30Gain on dilution of holdings 1,449 -Carrying amount at the end of the financial year 4,491 3,913(c) Fair value of listed investments in associatesAdvanced Nanotechnology Limited 7,239 -(d) Share of associates’ profits or lossesProfit/(loss) before income tax (872) 30Income tax expense - -Profit/(loss) after income tax (872) 30(e) Summarised financial information of associatesGroup share of:Assets Liabilities Revenues Profit/(loss)$ ’000 $ ’000 $ ’000 $ ’0002005Advanced Nanotechnology Limited 4,834 343 795 (872)2004Advanced Nanotechnology Limited 4,209 296 334 30(f) Share of associates’ expenditure commitments, other than for the supply of inventoriesConsolidated2005 2004$ ’000 $ ’000Capital commitments 1 -Lease commitments 509 -(g) Contingent liabilities of associatesShare of incurred jointly with other investors - -For which the company is severally liable - -43. Events occurring after the balance sheet dateAs at 31 December 2005 or at the date of this report, there are no known events occurring after the balance sheet date whichare likely to materially affect the University’s financial position.44. Segment informationThe University operates within one industry segment, being education, and revenue is predominantly earned within Australia.Therefore, no segment information has been reported.67
THE UNIVERSITY OF WESTERN AUSTRALIANOTES TO THE FINANCIAL STATEMENTS31 DECEMBER 2005ConsolidatedUniversity2005 2004 2005 2004$'000 $'000 $'000 $'00045.Reconciliation of net operating result to net cashinflow from operating activitiesNet operating result 41,034 26,146 41,965 25,661Adjustments: Non-cash itemsDepreciation, amortisation and impairment 24,673 25,305 24,670 25,003Investment adjustments (48,626) (51,625) (48,561) (51,786)Unrealised foreign exchange gain (80) (110) (80) (110)(Profit)/Loss on sale of assets 581 (899) 581 (899)Donation of artworks and equipment (1,381) (136) (1,381) (136)Share of net result of associates 872 (30) - -Loss on change in interests in subsidiaries - 482 - 1,939Other 201 95 201 95Changes in assets and liabilities(Increase)/decrease in receivables (126) (7,246) 157 (7,449)(Increase)/decrease in inventories (125) (334) (10) (232)Increase/(decrease) in payables 2,532 3,599 2,269 3,563Increase/(decrease) in grants and fees in advance 5,280 (1,536) 5,112 (1,536)Increase/(decrease) in provisions (2,389) 13,376 (2,496) 13,350Net cash inflow from operating activities 22,446 7,087 22,427 7,46368
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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
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APPENDIX CExecutive Director(Financ
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• comprehensive, with a broad tea
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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 67: THE UNIVERSITY OF WESTERN AUSTRALIA
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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