3. Funding
This section identifies The Australian National University’s funding structure.
3.1 Reconciliation of net result after income tax to net cash provided by/(used in) operating activities
|
Consolidated |
University |
|||
|
2019 |
2018 |
2019 |
2018 |
|
|
$'000 |
$'000 |
$'000 |
$'000 |
|
|
Note 3.1A: Cash Flow Reconciliation |
||||
|
Net result for the period |
300,312 |
225,643 |
302,339 |
226,961 |
|
Depreciation and amortisation |
81,049 |
78,340 |
78,961 |
76,911 |
|
Impairment losses |
2,198 |
(256) |
2,209 |
- |
|
Revaluation decrements |
- |
7,082 |
- |
7,082 |
|
Allowance for expected credit losses |
3,922 |
(115) |
3,922 |
(115) |
|
Bad debts expense |
222 |
507 |
222 |
507 |
|
Net (gain)/loss on disposal of assets |
11,584 |
177 |
11,621 |
175 |
|
Fair value (gains)/losses on investments |
(162,794) |
7,794 |
(162,794) |
7,794 |
|
(Increase)/decrease in operating assets |
||||
|
Receivables |
8,130 |
(31,732) |
5,432 |
(30,984) |
|
Contract assets |
(4,429) |
- |
(4,124) |
- |
|
Advanced payments and prepaid expenditure |
(10,126) |
1,524 |
(9,919) |
1,971 |
|
Inventories |
30 |
770 |
(129) |
590 |
|
Others |
(5,015) |
(155) |
(5,015) |
(891) |
|
Increase/(decrease) in operating liabilities |
||||
|
Provision for employee entitlements |
(14,258) |
(39,028) |
(13,996) |
(39,310) |
|
Contract liabilities |
53,379 |
- |
55,348 |
- |
|
Income in advance |
(67,110) |
48,177 |
(67,497) |
46,370 |
|
Workers compensation |
(846) |
26,740 |
(846) |
26,740 |
|
Trade creditors |
12,280 |
16,095 |
13,483 |
12,957 |
|
Other payables |
(37,308) |
(3,635) |
(34,904) |
(2,498) |
|
Net cash flows from operating activities |
171,220 |
337,928 |
174,313 |
334,260 |
Reconciliation of liabilities arising from financing activities
|
Consolidated |
Opening balance at 1 January 2019 |
Cash flows |
Non-cash changes |
Closing balance at 31 December 2019 |
|||
|
Acquisition/ Disposal |
Foreign exchange movement |
Fair value changes |
Other |
||||
|
$'000 |
$'000 |
$'000 |
$'000 |
$'000 |
$'000 |
$'000 |
|
|
Lease liabilities |
5,873 |
( 5,695) |
2,256 |
- |
- |
15,129 |
17,563 |
|
Long-term borrowings |
82,743 |
( 5,080) |
- |
- |
- |
- |
77,663 |
|
Total liabilities from financing activities |
88,616 |
( 10,775) |
2,256 |
- |
- |
15,129 |
95,226 |
|
University |
Opening balance at 1 January 2019 |
Cash flows |
Non-cash changes |
Closing balance at 31 December 2019 |
|||
|
Acquisition/ Disposal |
Foreign exchange movement |
Fair value changes |
Other |
||||
|
$'000 |
$'000 |
$'000 |
$'000 |
$'000 |
$'000 |
$'000 |
|
|
Lease liabilities |
5,873 |
( 4,493) |
2,256 |
- |
- |
13,863 |
17,499 |
|
Long-term borrowings |
82,743 |
( 5,080) |
- |
- |
- |
- |
77,663 |
|
Total liabilities from financing activities |
88,616 |
( 9,573) |
2,256 |
- |
- |
13,863 |
95,162 |
3.2 Special Accounts
The University processes Comcare receipts and payments through a distinct location and account code combination in the ledger. The monies are not available for other purposes of the University.
From 1 July 2018, the University took on the responsibility to self-manage workers compensation (refer Note 2.2E) and no longer receives or pays Comcare monies.
|
University |
||
|
2019 |
2018 |
|
|
$'000 |
$'000 |
|
|
Balance carried forward |
- |
- |
|
Receipts during the year |
279 |
|
|
Available for payments |
- |
279 |
|
Less payments made |
279 |
|
|
Balance carried forward to next year |
- |
- |
Visit
https://www.transparency.gov.au/annual-reports/australian-national-university/reporting-year/2018-19-85