Notes to the Financial Statements
Note 7: Other Reserves
Consolidated | University | |||||
---|---|---|---|---|---|---|
Ref | This Year | Last Year | This Year | Last Year | ||
$000 | $000 | $000 | $000 | |||
Asset Revaluation Reserve | i | 142,209 | 119,985 | 142,209 | 119,985 | |
Restricted Reserves | ii | 2,872 | 2,967 | 2,872 | 2,967 | |
Total Other Reserves | 145,081 | 122,952 | 145,081 | 122,952 |
i) Asset Revaluation Reserve
Consolidated | University | |||||
---|---|---|---|---|---|---|
This Year | Last Year | This Year | Last Year | |||
$000 | $000 | $000 | $000 | |||
Opening Balance | 119,985 | 120,086 | 119,985 | 120,086 | ||
Revaluation | 22,224 | - | 22,224 | - | ||
Transfer on disposal of assets | - | (101) | - | (101) | ||
Increase/(Decrease) in Asset Revaluation Reserve | 22,224 | (101) | 22,224 | (101) | ||
Closing Balance | 142,209 | 119,985 | 142,209 | 119,985 | ||
Represented by: | ||||||
Land | ||||||
Opening Balance | 836 | 836 | 836 | 836 | ||
Revaluation | (46) | - | (46) | - | ||
Closing Balance | 790 | 836 | 790 | 836 | ||
Buildings | ||||||
Opening Balance | 111,781 | 111,882 | 111,781 | 111,882 | ||
Revaluation | 18,677 | - | 18,677 | - | ||
Transfer on disposal of assets | - | (101) | - | (101) | ||
Closing Balance | 130,458 | 111,781 | 130,458 | 111,781 | ||
Infrastructural Assets | ||||||
Opening Balance | 7,368 | 7,368 | 7,368 | 7,368 | ||
Revaluation | 3,593 | - | 3,593 | - | ||
Closing Balance | 10,961 | 7,368 | 10,961 | 7,368 |
Notes to the
Financial Statements
ii) 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 Comprehensive Income. Fund balances remaining are shown as restricted reserves.
Consolidated | University | |||||
---|---|---|---|---|---|---|
This Year | Last Year | This Year | Last Year | |||
$000 | $000 | $000 | $000 | |||
Prizes, Scholarships and Trust Funds | ||||||
Opening Balance | 2,967 | 2,833 | 2,967 | 2,833 | ||
add appropriation of Net Surplus | 801 | 939 | 801 | 939 | ||
less application to Prizes, Scholarships and Trust Funds | (895) | (805) | (895) | (805) | ||
Closing Balance | 2,872 | 2,967 | 2,872 | 2,967 |
<< Note 6: Investments in Associates | Table of contents | Note 8: Cash and Cash Equivalents >> |