The University of Waikato - Te Whare Wananga o WaikatoThe University of Waikato - Te Whare Wananga o Waikato

2006 Annual Report

   
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Notes to the Financial Statements 

Note 7: Equity

i) General Equity Consolidated University
  This Year
$000
Last Year
$000
  This Year
$000
Last Year
$000
Opening Balance 161,678 153,676 155,873 150,299
 
Net Surplus 9,470 8,496 7,456 6,068
less appropriations of net surplus to  
Restricted Trusts  
space picturePrizes, Scholarships and Trust Funds (491) (495) (491) (495)
University Created Reserves  
space pictureExternal Research (23,164) (21,498) (23,164) (21,498)
plus transfers from  
Restricted Trusts  
space picturePrizes, Scholarships and Trust Funds 557 183 557 183
University Created Reserves  
space pictureExternal Research 23,482 21,316   23,482 21,316
Closing Balance 171,532 161,678   163,713 155,873

ii) University Created Reserves      
These are reserves established for an external research purpose and for which conditions have been imposed.
Consolidated and University
External Research This Year
$000
Last Year
$000
Opening Balance 6,574 6,392
add appropriation of Net Surplus 23,164 21,498
less transfer to Accumulated Surplus (23,482) (21,316)
Closing Balance 6,256 6,574

iii) Restricted Reserves      
The Prizes, Scholarships and Trust Funds Reserves represent funds held by the University on behalf of others and funds provided to the University by various people for specific purposes. Revenue received for these items and disbursements to authorised recipients are shown in the Statement of Financial Performance. Fund balances remaining are shown as restricted reserves.
Consolidated and University
Prizes, Scholarships and Trust Funds This Year
$000
Last Year
$000
Opening Balance   2,798 2,486
add appropriation of Net Surplus   491 495
less application to Prizes, Scholarships and Trust Funds (557) (183)
Closing Balance   2,732 2,798


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