The University The University of Sydney Report Annual Sydney of University The of Sydney Annual Report Annual Report 2005 2005 200 5

University of Sydney NSW 2006 Australia www.usyd.edu.au 06/1042 The University of Sydney NSW 2006 April 2006

The Honourable Carmel Tebbutt, MLC Minister for Education and Training Level 33, Governor Macquarie Tower 1 Farrer Place Sydney NSW 2000

Dear Minister, The Senate of the University of Sydney has the honour of presenting to you, in accordance with the Annual Reports (Statutory Bodies) Act 1984 and its subsequent amendments, the report of the proceedings and financial statements of the University of Sydney for the year ended 31 December 2005.

The Hon Justice Kim Santow OAM Chancellor The University of Sydney in 2005

45,966 students 8808 international students 5812 full-time staff 17:1 student/staff ratio Professor Gavin Brown AO 15 Federation Fellows Vice-Chancellor and Principal 9 ARC Centres of Excellence 1 ARC Special Research Centre 1 ARC Key Centre of Teaching and Research 22 Cooperative Research Centres 3 NHMRC Centres of Clinical Research Excellence 29 spin-off companies $175 million research and consultancy income 5.1 million library holdings 42 sporting clubs 250+ clubs and societies Contents The UniversityofSydneyAnnualReport2005 Learning andteaching Research andinnovation Vice-Chancellor’s report Chancellor’s report Highlights 2005 Our aspirationandvalues Charter Deans offaculties oftheUniversity Principal officers Senate committees The Senate structure Academic andadministrative Financial performance Infrastructure andservices Capability Alumni engagementandphilanthropy Community engagementandoutreach The studentexperience International achievements ...... 41 40 37 36 35 33 29 27 24 20 18 14 10 6 5 4 3 2 2 Facts inbrief Index Financial report andstatements Legal affairs protection Privacy andpersonalinformation Freedom ofinformation PriorityStatement Ethnic Affairs awardsStaff andhonoraryawards occupational healthandsafety Risk management,insuranceand Equal employmentopportunity Human resources Student statistics research centres Federal government-funded ...... Inside backcover ...... 131 57 55 54 53 51 49 48 47 45 43 42

Annual Report 2005 1 The University of Sydney 2 )provision ofeducationalandresearch a) include the: “The functions…oftheUniversity making itAustralia’s firstuniversity. South Wales on1October1850, incorporated bytheParliamentofNew The UniversityofSydneywas Charter Australian highereducationisjudged. the worldasbenchmarkbywhich achievements recognised throughout standards andaspires tohaveits measures itselfbyinternational quality ofitsresearch andteaching.It its leadershipbytheinnovationand university traditionsanddemonstrates maintaining thebestoftime-honoured first university, leadsthecountryin The UniversityofSydney, Australia’s Ambition inspiredbyachievement facilities atuniversitystandard class standards in: best practice,excellenceandworld- by This leadershipwillbesupported the fourcore areas of: leadership whichembracesreform in We willachievethisaspirationthrough For us,thisaspirationisknownas1:5:40. Our aspirationistoachieve: higher education. university andleaderinAustralian on ourpositionasAustralia’s premier and opportunity, inwhichwewill build The nextdecadeisoneofchallenge Our aspiration amended) (as 1989 Act Sydney of University conferringofthedegrees of d) commitmenttothedevelopmentand c) promotion, advancementand b) capability alumni engagementandphilanthropy outreach. community engagementand student experience,and learning andteaching research andinnovation universities around theworld. recognition andrankinginthetop40 region, and of thetopfiveuniversitiesin acknowledgment andrankingasone student experience teaching andlearningthe premier universityinresearch, clear leadershipasAustralia’s certificates.” awarding ofdiplomasandother bachelor, masteranddoctorthe the community, and technical andvocationalservicesto provision ofcultural,professional, research transmission ofknowledgeand University toupholdandadvance: and theavailableresources ofthe We willdedicateourindividualtalents These valuesmustinformourambition. Our values The University Plan 2006–2010 Plan University The leading universitiesoftheworld. evident inmeaningfulrelationships with rankings itwill,more significantly, be While leadershipshouldbereflected in we serve. understanding oftheneedsthose ethical behaviour, and tolerance, honesty, respect and ideas andideals recognition of oftheimportance inquiry inaresponsible manner freedom topursuecriticalandopen with ouralumni. Lifelong relationship andfriendship and collegiality inourstaff, Integrity, professionalism and student body Merit, equityanddiversityinour the needsofourstakeholders Quality andsustainabilityinmeeting leadership inthecommunity Responsibility andservicethrough financial performance. infrastructure andservices, Learning andteaching Research andinnovation Highlights 2005 courses oftheir kindinAustralia. commence in2006–thefirst Master ofNursing,were approved to Science (Exercise Science)/ andSport of NursingandtheBachelorApplied Bachelor ofHealthSciences/Master Two combineddegree programs, the were wonbySydneyacademics. Education QualityTeaching Awards of Educators/NSWMinisterfor Three outofnineAustralianCollege Teaching fund. Performance Federal GovernmentLearningand awarded $4.95millionfrom thenew In 2005theUniversityofSydneywas 2005 star rankingsacross theboard inthe The UniversityofSydneyscored five- attackandstroke.of heart improve theprevention andtreatment enabled amultidisciplinaryteamto Institute forInternationalHealth An $8.7milliongranttotheGeorge 14.4percentofthenationaltotal. – consecutive year, receiving $43.1million Research Councilfundingforthe third in newNationalHealthandMedical In 2005Sydneywasthenationalleader any otheruniversity. more newFederationFellowshipsthan The UniversityofSydneywasawarded Prize for2005. Centre teamtheAustralasianScience earned an fibre Research thatissettorevolutionise allocation formostAustralianuniversities. over $22million–more thanthetotal Grants announcedin2005amountedto The FacultyofScienceARCDiscovery total nationalshare. representing 10.5 Projects grants beganin2005, More than100newARCDiscovery optics withglobalapplications Good Universities Guide Universities Good Optical Fibre Technology per centofthe . Our students International achievements Our staff from the UniversityofSydney’s Faculty website was The Future IndigenousStudents cent offirst-preference applications. New SouthWales, attracting19per leading The UniversityofSydneywasthe Ministry ofEducationinSaudiArabia. College ofHealthSciencesandthe a program establishedbetweenthe students from SaudiArabiaarrived,in The firstintakeof60scholarship to only16oftheworld’s leadingthinkers. Mind. Thisrare honourwasextended speak attheSeventhOlympiadof Professor GavinBrown wasinvitedto such aceremony inthishistoricplace. first timethatanyuniversityhasheld Great HallofthePeople.Thisis graduates andtheirguestsinChina’s presentation ceremony forover400 In SeptembertheUniversityhelda Australian Doctor Australian Australians toreceive aFulbrightaward. Discipline ofFinance,wasoneonly 19 Professor AlexFrino,Chairofthe Young Tall PoppyAwards. receivedWilliams NewSouthWales Dr JanetteBurgessStefan andDr Dr NaomiRogers,DeborahMarsh, Digital ImagingCompetition. Olympus BioScapesInternational Hussein Mansourwonthe2005 rat’s eyetakenbyPhDcandidate A photographoftheinsideanageing Economics andLaw. a UniversityofSydneygraduatein Scholarship wasJonathanBonnitcha, The winnerofthe2006NSWRhodes NSW AustralianoftheYear for2006. graduateKateBrennanArts wasnamed first-preference universityin launched. named sixacademics Our community Further information on these highlights can highlights these on information Further Our campuses be found on pages 6-34 of this report. report. this of 6-34 pages on found be the $16millionHendersonbequest. Australia’s largest donations, everarts The Conservatoriumreceived oneof success, attractingmore than90entries. Prize waslaunchedwithresounding The SleekGeekScienceEureka Schools the livesofworld’s urbanpoor. an initiative raised $337, Institute ofAustraliaaward. They Architecture wonaNSWFundraising Anna Rubbofrom theFacultyof A fundraisingteamledbyProfessor Children and Armed UN SpecialRepresentative for awarded toOlaraOtunnu,theformer The 2005SydneyPeacePrizewas Technology Award for2005. National InnovationandCommunication from theFacultyofEngineering,won company Acumine PtyLtd,aspin-off government research servicestoindustry, contracts toprovide consultancyand The Universitywonmore than400 massive 33 at theUniversityincreased bya staff The numberofIndigenousgeneral this award. out of 3000applicantstobegranted Choice forWomen –oneofonly115 of The UniversitywasnamedanEmployer influential peopleingeneralpractice. of Medicineinthecountry’s 50most June 2006. Building workwillbecompleted in Program +BuildingfortheFuture. oftheCampus2010 forming part – thefirstofthree newbuildings of InformationTechnologies building Work progressed onthenewSchool committed toimproving and otherinstitutions. per cent. 000 forGlobalStudio, Conflict.

Annual Report 2005 3 4

Chancellor’s report

The Vice-Chancellor describes 2005 as deductible gifts in the UK to their alma students will be placed in New South the start of a perilous but profoundly mater. Michael Hintze, a distinguished Wales Government agencies, especially The University of Sydney important and exciting journey. To adopt alumnus of this University, set a AusAid scholars. They come from the metaphor of one of our World wonderful example. He made possible countries where public sector Champions – in 29er sailing – the by his benefaction the appointment of employees are now focussed on the University under his creative, steady Professor Alan Dupont as Sydney fundamentals of good governance, our leadership has set competitive sail in University’s Inaugural Professor of courses inspired by one of GSG’s international waters. We have become International Security, in the Centre Councillors, James Wolfensohn, former adept at tacking yet maintaining a dedicated to that vital world concern. President of the World Bank. Priority steady course ahead, our co-ordinates This Centre, while part of our intellectual targets will be Indonesia, Vietnam, determined by the Vice-Chancellor and heartland at Camperdown, represents Cambodia, Laos and PNG. his crew in partnership with an enquiring the University’s outward reach to the There are also significant opportunities, and supportive Senate. The watchword community, on an issue to Australia of facilitated by Dr Stephen Fitzgerald, is disciplined seamanship, no transcendent importance. consultant to GSG, for high level managerialism there. That discipline But the Centre also signifies linkage teaching arrangements in China. GSG owes much to our helmsman in matters between business, government and law. has already targeted short courses in financial. I refer to David Hoare, recently Security in all its aspects underlies all conjunction with the University’s retired from our Senate after eight years three. Its maintenance calls for a multi- Research Institute for Asia and the of distinguished service. David has disciplinary approach. This is so whether Pacific (RIAP), drawing on expertise worked devotedly with Bob Kotic, our the threat be from terrorism with the across faculties. Chief Financial Officer, making sure we need for our jurists to find balance remain seaworthy and equipped to race To return to the metaphor with which I between human rights and the right to in the new competitive environment. began. Sydney University is embarked be secure, or pandemics drawing on our on a course marked by self-reliance and Yet the university sector as a whole leadership in public health. moral purpose. Our burgeoning presents a very different picture. Imagine The Graduate School of Government contribution to fundamental research, a motley flotilla of varying sizes ranging (GSG) is itself a beacon for collaborative from the ship’s tanker that takes a mile teaching and our outreach to the effort across the university. The GSG to turn, to yachts with insufficient ballast community are the key coordinates of under David Richmond’s distinguished for the race ahead. the journey ahead. Join with us on our leadership as its inaugural Director, exhilarating course! The University of Sydney, buffeted by plays a vital role, our New South Wales winds of change on an outgoing tide of origins providing a springboard to the government support, has chosen to be Asia Pacific Region. Dr Geoff Gallop, self-reliant. We ask only to be liberated former Premier of Western Australia and from intrusive and unnecessary race rules, distinguished Oxford academic, will build so we have the ability to compete on the on that superb base as he takes over as world stage, to chart our best course. Director in July 2006. Currently GSG Against that backdrop, let me take just and the Faculty of Economics and two illustrative highlights from 2005’s Business have developed a jointly journey. The first is the culmination of a badged Master of Public Administration. longer effort, beginning three years ago That course includes an internship The Hon Justice Kim Santow OAM when first our UK alumni could make tax program under which international Chancellor especially happy thatthere hasbeen can leadtodysfunction,soIam A longperiodofdoingmore with less money andimposemore rules! Australian trend hasbeentoprovide less be cutbacktoaminimum.The recent plea isthatgovernmentregulation should responsibility forourfuture. Ourmajor independence andhavelearnedtotake the otherhandwevalueour investing heavilyinhighereducation.On Singapore –where governmentsare countries ofourregion –China,India, We canbeenviousofuniversitiesinother positions andforcollaborativevisits. researchers toSydney, bothforongoing million dollarstobringingoutstanding began theprocess bycommittingseveral international presence andwe already major step.Fundamentaltothisisour another committed toliftingperformance inspired byachievement,weare of makingitareality. Through ambition Plan andwebegantheformidabletask approved ournextfive-yearStrategic 2005 wasalsotheyearwhenSenate Great HallofthePeopleinBeijing. our studentsandtheirfamiliesinthe graduation celebrationforover400of We achievedaworldfirstbyholding premiers. cricket teamswere NSWfirstgrade championship andbothourrugby University wonthenationalwaterpolo in 29ersailingandkayak.The Bell, were bothopenworldchampions– of theYear, JacquiBonnitchaandRobin preferred choiceinthestate.OurBlues extending ourleadastheinstitutionof increased proportionally yetagain, First preferences from enteringstudents funding forthethird consecutiveyear. National HealthandMedicalResearch Sydney wasnationalleaderinour universities combined.TheUniversityof funding thanalltheotherSydney our Universitywasawarded more than theentire MonashUniversityand our SchoolofChemistrygainedmore the UniversityofMelbourneasawhole, Sciences andTechnology outperformed Discovery GrantsourCollegeof schemes. InAustralianResearch Council success incompetitiveresearch Most stunningwasouroutstanding year 2005. tofindhighlightsforthe It isnotdifficult Vice-Chancellor’s report Medicine andLaw. years forreal substance tobegiven 1856 inatitularsense,ittooksome 30 introduced. Althoughthiswasdonein first professional facultieswere history ofSydneyUniversitywhen the reminds meofanearlyperiodinthe “managerialism”. Thegeneralissue pressures maygenerateaculture of Australia, whichIshare, thatexternal I raisethisbecausethere isafearin in onecase,andcolleges,theother. individual academicsandfrom faculties, have generatedoppositionfrom leadership. Attemptstocreate change for centralcoordination letalone which there mechanism isnoeffective have traditionaldistributedsystemsin these cases.BothHarvard andOxford obscure thestructuralsimilaritiesin speech onwomeninsciencetendsto given toSummers’personalityandhis and JohnHood.Themediaattention Oxford withproblems forLarrySummers prominent examplesbeingHarvard and throughout theworldwithtwovery and managementofuniversities There are tensionsinthegovernance Resources andtheInternationalOffice. measures tostrengthen ICT, Human in 2005wehavetakenspecific considerable scopeforimprovement and well.Thereparticularly remains deploying andhusbandingitsresources and knowthattheUniversityofSydneyis to makemanyinternationalcomparisons investment. InfactIhavetheopportunity sector ingeneratingmoniesforre- improvements wecontinuetoleadthe discipline andrigorous efficiency strong financialresult. Through budget a yearinwhichtheUniversitydelivered a I ampleasedthat2005wasoncemore enable achievementofourgoals. and technicalinfrastructure –thatwill building thecapability–human,physical managed, andwehavelaidemphasison player ontheworldstagemustbewell university whichseekstobeasignificant development outreach. AnyAustralian merely “job-ready” –andouralumni graduates whoare “society-ready”, not overall studentexperience–weneed there isalsodueprominence forthe activities ofresearch andteachingbut careful togivepriorityourcore set outinournewplan.We havebeen widespread acceptanceoftheboldaims profoundly andexcitingjourney. important ofaperilousbut ways, wasthestart The year2005,successfulinsomany idealism andhard businessefficiency. achieved inthe1880s,ofromantic synthesis, more refined thanthat University isrequired tocreate a This isdangerously likeCatch22!The the powertopursueourhighergoals. managerial capabilityifweare tohave that weare obligedtodevelop All ofthisreinforces myearliercomment conceived thanstrictlyAustralian. so ourstrategymustbemore broadly because weare internationalcitizensand This stillunderstatestheproblem realistic aboutourresource base. Australia’s perceived needsandbe hand wemustberesponsive to the valuesweholdsacred. Ontheother hand wemustleadopinionanddefend serious andsubtlechallenge.Ontheone the approach. Asauniversitywehave believes thatofsocietyandreinforces agovernmentwhich and certainly take aninstrumentalviewofuniversities, Today wehaveasocietywhichseemsto of hismindtoit”. he approaches knowledge,theattitude how heknowsit,themethodbywhich known thatmakesamancultured; itis Enlightenment, believed“Itisnotwhat with thebackground oftheScottish who,armed such asAndersonStuart the arrivalofmore pragmaticprofessors The eventualresolution wasassistedby classical curriculum. South Wales ifithadconfineditselftoa neither havethrivednorservedNew and intellectually. Theinstitutionwould gentleman’s curriculumbothfinancially these schoolsasdilutingthepure that membersoftheUniversitysaw In hindsightweseeitasover-precious Vice-Chancellor andPrincipal Vice-Chancellor Professor GavinBrown

The University of Sydney 5 The University of Sydney 6 judged bysuccessin: Its research is typically performance Australia’s leadingresearch universities. The UniversityofSydneyisone and discovery Research andinnovation–creativity such grants. per centofthetotalnationalshare of $34.3 millionover2005–09,or 10.5 in 2005.Theseinvolvedfunding of ever awarded totheUniversity–began Discovery Projects grants–themost schemes. More than100newARC Research Council(NHMRC)grant (ARC) andNationalHealthMedical prestigious AustralianResearch Council outstanding successinthehighly In 2005theUniversityenjoyed competitive research grants across manydisciplines,and potential ofourresearch. attracting themostprestigious, conducting leading-edgeresearch communicating andexploitingthe five years.Theseprojects include: with atotalvalueof$7.5millionover projects intheSchoolofChemistry, ARC granthighlightsinclude15new – more thananyotheruniversity. awarded 19newResearch Fellowships In addition,theUniversityofSydneywas or 11.4percentofthenationaltotal. programs amountedto$44.7million, in boththeDiscoveryandLinkage Total newARCgrantsawarded for2005 Australian Research Councilgrants efficient industrialprocesses.efficient leading to“greener”, saferandmore and paints, industrial consumablessuchas inks manufacturing processes for HIV/AIDS develop improved treatments for the developmentofnewcatalysts improved product and performance investigations ofnewcompoundsto and musicfrom theAsia-Pacificregion. field recordings ofendangered Endangered Cultures, whichwillpreserve Regional Archive forDigitalSources in Chile andHawaii;thePacific and including optical/infrared telescopesin access toworld-classfacilities provides Australianastronomers with which Gemini ObservatoryPartnership, projects, includingtheInternational equipment fundingforavarietyof also provide infrastructure and Linkagegrants by industrypartners. contribution provided totheUniversity matches thecashandin-kind schemes, aprogram inwhichtheARC successful inthevariousARCLinkage The Universitywasevenmore section belowformore detail.) $4.7 million.(SeetheFacultyofArts Historical Inquiry, withatotalvalueof in theSchoolofPhilosophicaland Another highlightwas16newprojects languages 7

The most prestigious ARC scheme is Population Health Research, and a property in fields as diverse as solar the Federation Fellowships program. Clinical Centre of Research Excellence energy and tissue repair/wound healing. Federation Fellowships are intended to for funding in 2005. Sydney will take a attract or retain researchers with the lead role in establishing multi-institution Research training highest international standing in their centres to: The University of Sydney is proud of its particular field. In 2005, the University of undertake mathematical modelling record in training the next generation of Annual Report 2005 Sydney was awarded more new for improved planning of infectious scientists and academics. In 2005 there Fellowships than any other university. diseases control policy were 2777 students at the University of The new Federation Fellows for 2005 are: improve outcomes in Sydney undertaking research training Professor Bryan Gaensler (Physics) immunosuppressed haematology leading to a PhD. Sydney has the Professor Cameron Kepert (Chemistry) patients, and highest number of domestic research Professor Andrew Parker (Biological develop better and cheaper ways of students in the country – more than Sciences), and diagnosing respiratory disorders any other higher education institution. Professor Rick Shine (Biological associated with sleep. As part of the University’s program to Sciences). Another 58 project grants and 10 improve research training, the Vice- Fellowships were awarded in 2005, to Professor Philip Maine (Mathematics) Chancellor’s Awards for Excellence in begin in 2006. These results demonstrate was offered a Federation Fellow, but Research Higher Degree Supervision will be unable to take it up on a full-time continuing strong collaboration between were created to promote, recognise basis. Arrangements for an alternative the University and its teaching hospitals, and reward sustained excellence in form of contact are being negotiated. and between the University of Sydney and other institutions: 17 new grants postgraduate supervision. In 2005 the National Health and Medical involve multi-institution collaboration awards were presented to Professor Research Council grants between the University and other Merlin Crossley and Associate Professor In 2005 Sydney was the national leader universities, hospitals and research Anthony Masters from the Faculty of in new National Health and Medical institutes within Australia and overseas. Science, and Professor Terry Carney Research Council (NHMRC) funding for from the Faculty of Law. the third consecutive year, receiving Working with business and industry $43.1 million in combined project and College and faculty program grants over 2005–09, or The University has a strong commitment 14.4 per cent of the national total. to support the academic community achievements The University’s diverse and multi- and students in promoting, exploiting and disciplinary research base is reflected protecting the University’s intellectual College of Health Sciences in the projects this funding will support. property. In 2005 this resulted in more The College of Health Sciences (CHS) Examples include establishing a unique than 400 contracts to provide consultancy continued to focus on increasing research and research services to industry, team, comprising all 20 Australian income in a changing funding environment. government and other institutions. neonatal units, which will undertake a Each faculty recruited high-performing randomised controlled trial of oxygen Commercialisation of intellectual property research academics to boost research saturation in premature infants; and was developed through licensing, which performance. In 2002, the college had developing a home-based rehabilitation included: nine NHMRC Career Research Fellows. program for survivors of critical illness. medical education software licensed At the end of 2005, this number had to other Australian and overseas At the end of 2005, the University had grown to 18. ten NHMRC program grants – more than universities During 2005, CHS continued to develop any other organisation in the country. Time Map software, the world’s first New grants in 2005 included an $8.7 interactive online mapping system cross-faculty, multi-disciplinary research million grant to the George Institute for research on aqueous dispersion of programs to stimulate collaboration International Health, bringing together polymer particles licensed to the within and beyond the college. In April, clinicians, epidemiologists and statisticians paint industry, and Professor Fiona Stanley FAA AO launched to improve the prevention and treatment training modules were licensed for the A Healthy Start to Life research of heart attack and stroke. A team led the pharmaceutical industry. program. In July, Professor Marcia Ory, by researchers from the Westmead In 2005, Medical Therapies Ltd, a Director of the US Active for Life project, Millennium Institute received a $6.2 million company which was established to launched the Ageing and Health research grant to investigate the persistence of commercialise new anti-inflammatory program. Both programs have developed particular human virus infections (such and anti-cancer drugs developed at the websites, hosted special research as HIV/AIDS and herpes simplex). University, was successfully listed on seminars showcasing the work of The University of Sydney was the only the Australian Stock Exchange. The world-class researchers, and instigated university in Australia to be awarded University continued to support a number programs of events to promote both a Capacity Building Grant in of companies exploiting intellectual research collaborations. 8

Three Faculty of Medicine researchers Faculty of Nursing and Midwifery Nicolas Baudin and commissioned by – Dr Naomi Rogers, Dr Deborah Marsh The faculty instigated a number of Bonaparte, and and Dr Janette Burgess – received research initiatives in 2005 to work the history of race and nationalism in 2005 New South Wales Young Tall more collaboratively with the healthcare Australia in a comparative and Poppy Awards. industry. These include new links with international context. Professor Frank Billson, head of St Vincent’s (palliative care), South West In staff achievements, Shane White and Sydney Area Health Service (Eastern The University of Sydney ophthalmology and director of the Graham White won the 2005 Queensland University’s Save Sight Institute, was zone) (mental health) and Royal Prince Premier’s Prize for History for their book named New South Wales Senior Australian Alfred Hospital (emergency). A new Sounds of Slavery. Dr Noel Rowe (School of the Year in 2005. Professor Billson research centre run by RPAH Women of English) was awarded the prestigious is a pioneer in saving the eyesight of and Babies and the University of William Baylebridge Memorial Prize for premature babies; his work has saved Sydney was launched in October 2005. his book of poems, Next to Nothing. the sight and improved the quality of life for thousands of people. College of Humanities and Faculty of Economics and Business Social Sciences Professor Alex Frino, Chair of the Faculty of Dentistry The college’s researchers published 34 Discipline of Finance, was one of only 19 The faculty received $640,000 in sole- or co-authored books, 35 edited Australians to receive a Fulbright award. competitive external research income books and hundreds of research papers in 2005 from the NHMRC, the ARC, the during 2005, while over $8.3 million in Faculty of Education and Dental Board of New South Wales and the new research funding was secured Social Work Australian Dental Research Foundation. from the ARC. The range of research The Faculty of Education and Social interests within the college is reflected Work continued to expand its research Faculty of Health Sciences in the range of new ARC projects, which grant success in 2005, receiving 25 per External grant income for the faculty include: Political Emotions among cent of all ARC Linkage grants awarded grew strongly throughout 2005. The Lebanese Migrants, Medieval Icelandic nationally in the field of education. Australian Stuttering Research Centre and Modern Literature, Finance and won various ARC and NHMRC project Bankruptcy, Gender and Health Law, Black Faculty of Law grants. This funding success has also American History, and Renaissance and In 2005 the faculty’s Centre for Health been reflected in the strong growth of Baroque Music. Governance, Law and Ethics was ARC and NHMRC projects awarded to In 2005 the college established a established, with Associate Professor faculty researchers and in Research research support and development arm Belinda Bennett as Director. The centre Fellowships awarded to faculty staff. using the infrastructure of the Research aims to promote and support innovative Faculty of Medicine Institute for Humanities and Social scholarship and teaching in all areas of Sciences (RIHSS) to foster research health regulation, including bioethics $76.6 million in research funds were across the college’s six faculties. RIHSS and health policy. won in 2005, including $44.5 million actively engaged with the national from the NHMRC. Two Faculty of Sydney College of the Arts Council for the Humanities and Social Medicine research projects were Sciences on initiatives ranging from Bridie Lander, Karin Findeis, Jane Gavan recognised in the NHMRC 10 of the commercialisation of humanities and Anne Ferran were awarded Australia Best Awards for 2005: research to measuring research quality. Council grants in 2005, and Mikala Dwyer Professor Tania Sorrell and received the prestigious Anne and Gordon colleagues for their work to reduce Faculty of Arts Samstag International Visual Arts the need for diagnostic surgery in ARC grant highlights in 2005 included Scholarship. Notable representation in brain disease, and 16 new projects in the School of exhibitions included Dr Danie Mellor in Professor Simon Chapman’s Philosophical and Historical Inquiry. Primavera 2005 at the Museum of research team for their analysis of These projects will lead to significant Contemporary Art, Michael Goldberg’s over 40 million pages of previously new insights into: work as curator of The Butterfly Effect internal tobacco industry documents urban infrastructure, inertia and at the Australian Museum, and Justin on Australia and Asia. ecology in Angkor, Cambodia (9th to Trendall in The Phantasmagorical Grid: Prestigious Cancer Institute Fellowships 16th century AD) – part of a major Justin Trendall and the Influence of have been awarded to Dr Sue Firth, international projected supported by Giovanni Battista Piranesi at the who will investigate regulators of growth the United Nations and European Union University Art Gallery. in breast cancer cells; Dr Janet Martin, the effects of gender, ethnicity, who will look at insulin-like growth factor class, generation and geographical binding proteins as growth factors in location on the food consumption cancer; and Dr Carolyn Scott, who will practices of youth examine the mechanisms of action of a the French scientific expedition to growth suppressing protein. New Holland (1800–04), led by 9

Sydney Conservatorium of Music Sea Change Communities in Coastal Staff awards included the following: The faculty was awarded two new ARC Australia, won several Planning Institute Professor Rick Shine – Mueller Medal research grants, bringing funding for of Australia (PIA) NSW 2005 Awards. for research excellence in 2005 the period 2005–07 to over $1 million. Associate Professor Cameron Kepert Electron Microscope Unit Significant events included Dianna – the Malcolm McIntosh Prize for

Doherty’s US premier of Ross Edwards’ The Electron Microscope Unit (EMU) Physical Scientist of the Year Annual Report 2005 Oboe Concerto with the New York provided users throughout the University Dr Peter Tuthill – University of New Philharmonic Orchestra under with access to 26,592 hours of South Wales Eureka Prize for Loren Maazel. instrument time in 2005. Scientific Research (joint recipient), and The EMU is the University of Sydney’s Professor Jon Patrick – Australian College of Sciences and Technology Computer Society Eureka Prize for node for the new ARC Centre of ICT Innovation. The College of Sciences and Technology Excellence in Design in Light Metals. Its continued to improve on its already work will be vital in meeting the national Faculty of Veterinary Science outstanding ARC performance, with a goals for the expansion of Australian number of younger staff succeeding in For the first time in 2005, the faculty’s industry in aluminium, magnesium and attracting external funding. Several staff research income from external sources titanium alloys. with long traditions of ARC funding were exceeded $6 million. This income is from more than 10 major industry funding involved in a range of start-up companies Faculty of Engineering in 2005, including the successful float bodies and government agencies, In 2005 Dr Stefan Williams received a for Medical Therapies. Acumine Pty Ltd, including the ARC and NHMRC, as well Young Tall Poppy Science Award from the a spin-off company from the Faculty of as industry partners. During the year, Australian Institute of Political Science in Engineering, won the National Innovation the faculty extended its involvement in recognition of his outstanding research Cooperative Research Centres (CRCs) and Communication Technology Award by adding partnerships in Invasive for 2005. achievements and his commitment to community involvement. The faculty Animals and Internationally Competitive In several faculties, the amount of has appointed many outstanding young Pork Industry CRCs. external income obtained from research researchers to research only and exceeded that obtained for learning Optical Fibre Technology Centre teaching and learning positions. and teaching, highlighting the success Research that is set to revolutionise of the College’s, commitment to Faculty of Science fibre optics with global applications research and research-led teaching. earned a University of Sydney team the The faculty’s ARC Discovery Grants Australasian Science Prize for 2005. Faculty of Agriculture, Food and announced in 2005 amounted to over The prize was presented in November Natural Resources $22 million – more than the total to Alexander Argyros, Dr Martijn van allocation of all but five Australian In 2005 a merger between Sunprime Eijkelenborg and Dr Maryanne Large. Seeds Ltd, a spin-off company arising universities. Some of the largest grants from wheat breeding research in the were for Australian Professorial faculty, and Australian Grain Technologies Fellowships, which allow recipients to (AGT) was successfully negotiated. focus on their research for a period of Professor Gordon MacAulay, Dr Michael five years. The faculty also secured five Harris and Dr Tiho Ancev were awarded more Federation Fellows to complement an AusAID CARD Project with Hanoi the seven Federation Fellows already Agricultural University for Capacity working in the faculty. Building in Applied Natural Resource Research by a team from Physics, led by Economics and Management for Vietnam, Federation Fellow and Research Director with funding of approximately $500,000. of the Centre for Ultrahigh bandwidth Faculty of Architecture Devices for Optical Systems Professor Ben Eggleton, featured in the media in Professor Chris Johnson was appointed to the newly created role of Professor 2005. The team reported the first of Practice in 2005, an important first generation of a novel type of optical step in recognising that much of the chip that “cleans up” the light pulses design and innovation in architecture is that propagate through optical a form of research. telecommunications networks. This opens A planning research project undertaken up the potential for results such as by Dr Nicole Gurran, Caroline Squires lightning-fast data downloads from and Professor Ed Blakely, entitled the Web. Meeting the Sea Change Challenge: 10

Learning and teaching – creative learning, quality teaching The University of Sydney

A strong research-based learning and community met in November 2005 to under this fund. teaching culture supports and extends collaborate in the development of a The Institute for Teaching and Learning the University of Sydney’s capabilities distinctive University of Sydney approach provides support to faculties and academic as a research-intensive university. to learning and teaching. Speakers staff, and in 2005 its cross-faculty presented international best practice in working groups exchanged information Attracting high-calibre strategic planning, curriculum design, and expertise in five strategic areas: benchmarking, research, online students information and communication collaboration and campus masterplanning. technology The University of Sydney continued to Insights from the symposium will provide evaluation and quality assurance hold a strong position as the leading the basis for Sydney’s future planning graduate attributes first-preference university in New South and development. research-led teaching, and Wales during 2005, attracting 19 per cent Over $1.4 million was allocated through internationalisation, global citizenship of first-preference applications lodged with the Teaching Improvement Fund during and inclusivity. the Universities Admissions Centre. More 2005 to support innovative teaching and than one-third of Sydney’s undergraduate develop new initiatives that had been The Institute also hosted the Higher student intake in 2005 had a University identified through Academic Board reviews. Education Research and Development Association’s international conference Admissions Index of 95 or over. The Scholarship Index is a fund that in July. rewards faculties for the teaching Supporting teaching qualifications of their staff, staff who have excellence been recognised by teaching awards Acknowledging (internally or externally), or published or outstanding practice Six international experts, five leading presented papers at conferences on academics from the University of Sydney university teaching. In 2005 nearly Outstanding teaching is acknowledged and 130 members of the University $850,000 was distributed to faculties through University awards and external 11 awards. The seven winners of the Vice- Learning and Teaching Key achievements for 2005 included: Chancellor’s Awards for Outstanding Committee acquisition of the digital backfiles of Teaching in 2005 were: more than 2000 journals Dr Chris Chapparo (Faculty of In 2005, the Academic Board amended provision of information skills classes Health Sciences) the name of the Teaching and Learning to over 26,000 students Dr Michelle Lincoln (Faculty of Committee to become the Learning development of plans for new Law Annual Report 2005 and Science/Technology libraries Health Sciences) and Teaching Committee, reflecting the establishment of Sydney e-Scholarship Sue Page and Sally Farrington University’s revised strategic directions to bring together innovative services (Yooroang Garang School of for 2006–10. including Sydney University Press, Indigenous Health Studies) Major policy directions in this area include: digital theses and data repositories Dr Roger Pamphlett (Faculty of adopting a new framework for creation of an alumni website to provide Medicine) reviewing postgraduate coursework access to online resources, and Professor Frank Stillwell (Faculty of courses collaboration with the Faculty of Arts Economics and Business), and developing the policy and guidelines and Sydney City Council on the Dr Penelope Van Toorn (Faculty of Arts). for improving learning and teaching Dictionary of Sydney project. through collaboration, benchmarking External recognition and alliances, and College and faculty for quality teaching aligning the Vice-Chancellor’s Awards achievements for Teaching with the Carrick Awards for Australian University Teaching. In 2005 the University of Sydney was College of Health Sciences awarded $4.95 million from the newly A major focus of review in 2005 was the As of 2005 the professional courses of established Federal Government length of time of examination of PhD three faculties (Medicine, Dentistry, and Learning and Teaching Performance theses, initiated in response to comments Nursing and Midwifery) became fund, recognising its high achievement in the 2004 AUQA audit review of the exclusively graduate entry. in teaching and learning. University of Sydney. Work is underway As part of the college’s ongoing reform to develop an alternative method of Three University of Sydney staff members process, several reviews were were recipients of the Australian College processing PhD examinations. commissioned in 2005 to identify of Educators and the NSW Minister for In 2005 the Academic Board through improved approaches to learning and Education 2005 Quality Teaching Awards: the Learning and Teaching Committee teaching. This included a review of the Dr Lyn Carson (Faculty of Business resolved to accept two major policies teaching of the basic sciences across the five faculties, and a review of and Economics) to support and improve teaching and teaching and research in Indigenous Associate Professor Anthony Masters learning. The Values and Principles for Learning and Teaching policy informs health. Both reviews provided (Faculty of Science), and all learning and teaching activities at the recommendations on ways in which the Dr Paul McGreevy (Faculty of University. The Policy and Guidelines for college can improve quality and Veterinary Science). Improving Learning and Teaching efficiency, and better integrate learning The University of Sydney is a member Collaboration Benchmarking and Alliances and teaching for health science students. of a network of international research was developed to assist colleges, faculties During 2005, the college followed intensive universities, which is coordinated and schools to use benchmarking as a through with the implementation of its through Oxford University and includes strategy for collaboration and quality key strategic priorities in relation to MIT, Princeton, Stanford and ten other enhancement. ICT, postgraduate coursework and world-class universities. The Director of inter-professional learning. the network, Professor Graham Gibbs, A highly successful College Learning commented that Sydney is a highly valued University Library and Teaching Conference was held in Terrigal in October and attended by member of the Network for Developing The Library is a vibrant and innovative nearly 200 staff. Two international Teaching in Research-Intensive centre of excellence that supports figures, Professor Debra Humphris and Environments. At a time when both learning, teaching and research as well Professor John Gilbert, were keynote reduced funding and an emphasis on as the community activities of the speakers at the conference. research threatens teaching quality, University. Services and facilities are Sydney appears to be in a good position reviewed constantly to take account of Faculty of Dentistry to not only retain the standard of its developments within the University and In 2005, the Australian Dental Council teaching and learning, but to improve it, to take advantage of changes in (ADC) extended the new program and to be able to demonstrate that it scholarly communication and accreditation status of the graduate- has done so. information technology. entry Bachelor of Dentistry (BDent) until 12 The University of Sydney key disciplineareas. online instruction forcliniciansinseven developed. Thisuniqueprogram provides Master ofMedicine(SPMMP)was During 2005theSydneyProfessional of MedicineandBachelorSurgery. requirements are met,intotheBachelor Bachelor ofMedicalScienceand,provided degrees ofBachelorScienceor which provides entryintothecombined Combined ScienceandMedicineprogram, 2005. Sixstudentscommencedinthe Several newcourseswere launchedin Faculty ofMedicine completed itsstudiesinDecember2005. graduateentryprogramOrthoptics fromThe firstcohort theMasterof and/or education. policy, planning,practice,evaluation research andscholarshipinmanagement, to healthprofessional practicethrough equipped tomakesignificantcontributions 2005. Graduatesoftheprogram are Doctor ofHealthSciencegraduatedin ofgraduatesfromThe firstcohort the radiation therapy. radiography, nuclearmedicineand sciences withspecialisationsindiagnostic entry program inmedicalradiation approved planstolaunchanewgraduate Master ofNursing.Thefacultyalso Science (Exercise Science)/ andSport of NursingandtheBachelorApplied the BachelorofHealthSciences/Master degree programs tocommencein2006: gained approval fortwonewcombined Nursing, theFacultyofHealthSciences In collaborationwiththeFacultyof Faculty ofHealthSciences Westmead Oral HealthComplex. the newcourse,whichisbasedat with theestablishmentandfundingof New SouthWales Healthwasinvolved and dentaltherapistsatuniversitylevel. beyond totrainbothdentalhygienists meet demandinNewSouthWales and year. Thisprogram wasdesignedto enrolling 15studentsfortheinaugural Oral Health(BOH)program in2005, The facultylaunchedtheBachelorof New SouthWales. to increase thedentalworkforce in raised to80accommodatethedemand 2008. Theprevious quotaof60was Development Programs Education inArts, advanced modules forTutors’ and SocialWork, preparations for Economics andBusinessEducation developed jointlybytheFaculties of MentoringProjectincluded aStaff Major collaborativeprojects in2005 an increase of17percenton2004. units havingaWeb presence in2005, during theyear, withmore than900 increasedlearning opportunities again students onacademicwriting.Blended ingivingqualityfeedbackto staff Write Site,anonlineresource tosupport Learning Team continued todevelopthe with theLearningCentre, theCHASSE- archaeology andmentalhealth.Together in specialeducation,appliedlinguistics, units ofstudyforpostgraduatestudents with thedevelopmentofflexible,online and SocialSciences(CHASS)in2005, major focusfortheCollegeofHumanities Strategic initiativesine-learningwere a Social Sciences College ofHumanitiesand chair inAustralia. Partner, Pfizer. Thisisthefirstsuch Foundation andPharmaceuticalIndustry fromwith support thePharmacyPractice Chair inPharmacyManagement2005, The facultyestablishedtheinaugural a priornon-Pharmacybachelor’s degree. fast-track pathwayforstudentswhohold 2005. Theprogram isanalternative completed theirstudiesattheendof year professional degree program) coursework MasterofPharmacy(atwo- ofstudentsforthenew The firstcohort Faculty ofPharmacy in Australia. These coursesare thefirstoftheirkind of Nursingoverafour-yearperiod. degree oftheirchoiceandtheMaster students tocompletethebachelor’s report above) thatwillallowhighachieving programs (seeFacultyofHealthSciences developed anumberofcombineddegree graduate-entry program, thefaculty the MasterofNursing.Alongwith development ofagraduate-entrycourse, courses andculminatinginthe move tograduateentryandpostgraduate repositioning ofthefaculty, resulting ina Throughout 2005there wasastrategic Faculty ofNursing andMidwifery preference demand. over 400percentgrowth in repeated forthe2006intake,with experienced forthe2005intakewas Thestrongfirst cohort. demand Science, EconomicsandLaw, enrolled its Sciences, combiningstudyinArts, The cross-faculty and BachelorofArts Frances deLauro andCraigRonalds. awards in2005were RebeccaBeirne, Faculty in2004.Thewinnersofthese Tutoring Awards, establishedbythe nominations received forExcellencein demonstrated bythelarge numberof success oftheprogram is successful results initsthird year. The has continuedtoexpandandachieve during bothsemestersof2005,and andsupport excellent participation The Tutors DevelopmentProgram had Faculty ofArts International Studies, enrolling 78 strong demand foritsnewBachelorof over 2004.Thefacultyexperienced increasing bymore than10percent preferences for HECS-fundedplaces significantly, withthenumber offirst Demand forfacultyprograms rose Faculty ofEconomicsandBusiness. forthe challenges andopportunities (AGSM), thusopeningstrategic Graduate SchoolofManagement of NewSouthWales intheAustralian from withtheUniversity itspartnership of Business.TheUniversitywithdrew centre closelyassociatedwiththeSchool Faculty ofEconomicsandBusinessasa andwasrelocatedcohort withinthe Government (GSG)graduateditsfirst During 2005,theGraduateSchoolof Faculty ofEconomicsandBusiness technology-rich subjects. and fosterthedevelopmentof and professional developmenttotutors, professionaloffer experiencestostudents studentsatrisk, literacy skills,support students, developstudents’academic undergraduate, honoursandpostgraduate designed toimprove theexperienceof during 2005,includinginnovativeprojects $750,000 inteachingimprovement CHASS facultiesinvestednearly projects involvingallCHASSfaculties. Business, andarangeofe-learning and and SocialWork and Economics 13

students, and developed a revised In staff achievements during 2005: within the School of Electrical and Master of Public Affairs program for Associate Professor Anna Rubbo was Information Engineering received introduction in 2006. The faculty’s awarded the RAIA Neville Quarry accreditation until 2007. industrial relations and human resource Architectural Education Prize Faculty of Science management programs were awarded Dr David Easdown, Professor Merlin The Faculty of Science continued to three-year accreditation by the Crossley and Associate Professor Annual Report 2005 Australian Human Resource Institute Anthony Masters were awarded the improve its innovative Transition (AHRI), Australia’s leading professional 2005 Vice-Chancellor’s Award for Workshop for new students and parents human resource body. Excellence in Higher Degree during 2005, and offered extensive Supervision tutor training across the faculty. The Education and Social Work Associate Professor Anthony Masters “Learning for Life” on-line self The excellence of teaching in the faculty was awarded a Quality Teaching monitoring facility was implemented was reflected in the award of a University Award, jointly presented by the NSW more widely, providing students with an Teaching Award to Dr David Rose (Koori Minister for Education and Training opportunity to track and monitor their Centre) and a College Postgraduate and The Australian College of improving employability skills over the Teaching Award to Associate Professor Educators NSW Chapter course of their degree. Brian Paltridge in 2005. Dr Paul McGreevy was awarded the Faculty of Veterinary Science 2005 Australian Veterinary Sydney Conservatorium of Music A highlight of 2005 was the Association’s Teacher of the Year international accreditation of the During 2005, the Conservatorium’s award for outstanding veterinary Bachelor of Veterinary Science by the involvement in national music education teaching, and the Australian College American Veterinary Medical was recognised by the involvement of of Educators Award for excellence in Association and by the Royal College Dr Kathryn Marsh as a member of the teaching and learning, and for Veterinary Surgeons (United Kingdom), National Review of School Music a Carrick Institute Project on following a long assessment process Education. Enhancing Assessment of Learning in culminating in site visits in 2005. Australian Higher Education: College of Sciences and Technology Biological Science was awarded The innovative, fully online Veterinary The faculties within the College of jointly with the University of Public Health Management postgraduate Sciences and Technology were the first Melbourne to Dr Charlotte Taylor and course graduated their first cohort in to introduce the standardised six credit Associate Professor Mary Peat. 2005. It will provide animal health point units of study in 2005. Most used professionals with skills focused on the this initiative to improve the quality of their Faculty of Architecture prevention of disease, protection of curriculum and rationalise units of study. The Diploma in Urban and Regional national and international livestock industries and trade access. Student evaluations of programs within Planning, the Master of Urban and the college have been good: the Bachelor Regional Planning and the new Master of Design in Architecture received the of Urban Design (Urban Design and best Course Experience Questionnaire Planning) and Master of Transportation Management / Master of Urban and for 2004 (reported in 2005) for any G8 Regional Planning received Planning architecture faculty. Institute of Australia accreditation for The widely acclaimed Talented Students five years. Program in the Faculty of Science is Two Bachelor of Design in Architecture also now well embedded in the Faculty students, Joshua Morrin and Edmund of Engineering in its Advanced Spencer, won first and second prize Engineering Program. In 2005 the Faculty respectively in the RAIA’s HPA Mirvac of Architecture developed a framework Award for Design Excellence in 2005. for offering a similar program. The new Bachelor of Animal and Faculty of Engineering Veterinary Biosciences course taught The Institution of Engineers Australia collaboratively between the Faculty of (IEAust) carried out a scheduled Agriculture, Food and Natural Resources accreditation visit in 2004 and provided and the Faculty of Veterinary Science the final accreditation report in 2005. attracted high-quality students in its All programs (including combined and first intake in 2005. This degree will specialist degrees) in the School of generate research students in the area Aerospace, Mechanical and Mechatronic while also meeting the workforce needs Engineering and the Schools of Civil for animal production, aquaculture and and Chemical Engineering received animal health. accreditation until 2010, and those 14

International achievements The University of Sydney

Saudi health sciences students on their first day at the University of Sydney

As a global university, the University of Professor Gavin Brown, was president University in Shanghai and the World Sydney measures itself by international of AC21 and Vice-Chair of APRU, giving University Presidents’ Forum at the standards, and aspires to achieve: the University the opportunity to forge National Taiwan University in Taipei. He clear leadership as Australia’s closer collaborations across led delegations to Saudi Arabia (the premier university international boundaries. results of which are discussed more acknowledgement and ranking as The Vice-Chancellor and his senior fully below under the College of Health Sciences) and to the Korea Foundation’s one of the top five universities in the executive team also worked to raise our Beijing Forum on the Humanities and Asia-Pacific region, and international profile. In addition to the Social Sciences. As well, the Vice- recognition and ranking in the top 40 events in Beijing outlined more fully below, Chancellor made official visits to Harvard universities around the world. the Vice-Chancellor attended alumni celebrations in Singapore and London University, the National University of and the Chancellor and Dean of the Singapore, the University of Edinburgh, Strengthening Faculty of Economics and Business Oxford and Cambridge Universities and relationships attended alumni events in Chicago and Shanghai Jiao-Tong University. New York. The Vice-Chancellor presented Within the University, a broad consultative In 2005, the University further papers to the UN Secretary-General’s team led by the Deputy Vice-Chancellor strengthened its relationship with the Global University Presidents Colloquium (Academic and International), Professor Association of Pacific Rim Universities at Columbia University in New York, the John Hearn and the Acting Assistant (APRU) and Academic Consortium 21 Centennial Celebrations of Korea Pro-Vice-Chancellor (Asia-Pacific), (AC21), an international network of University, the 7th Olympiad of the Mind Professor Stephanie Fahey, developed educational, research and industrial in Paris, the Global Innovation Summit strategic, operational and action plans organisations in Asia, the United States in Nagoya, the World Presidents’ Forum around international engagement in the and Europe. The Vice-Chancellor, at the Centenary Celebrations of Fudan context of the University’s goals. This 15

project moved the focus of international in Canada, Denmark, Japan and the deal to support the development of a engagement beyond international student Netherlands, and the University signed its College of Health Sciences in Bahrain. recruitment. Working parties developed first South American agreement in Chile. In 2005 CHS engaged in negotiations to regional and country plans to provide a In 2005, the University of Sydney hosted collaborate on research and teaching basis for the University to strategically visits from more than 80 overseas with the Peking University Health Science strengthen its relationships in various areas. delegations. Centre. The college has an office at Peking Annual Report 2005 University supported by the George Beijing events International Office Institute, and a delegation from the college visited the All India Institute of Medical A highlight of the year was the series The University’s International Office Sciences in New Delhi in November 2005 of events organised by the University in underwent extensive change in 2005, with with a view to developing a similar Beijing in September. More than 40 the appointment of a new director and a bilateral arrangement. senior academics participated in the complete review of its activities. This review The college commissioned a major review events and visited their counterparts in resulted in significant improvements in of its international activities in 2005. The the leading university in China. customer service and processing review team made a number of draft On 2 September a presentation ceremony turnaround times for international recommendations in relation to research, for over 400 graduates and their guests applications as well as a much closer learning and teaching, the student was held in the Great Hall of the People. working relationship with faculties and experience, and community outreach. In with the University’s international agents. This is the first time that any university particular, the team outlined ways in which has been accorded the honour of holding The University was represented at the college can be positioned as a leader such a ceremony in this historic place. exhibitions and interview programs in 32 in international health research and be The same evening, more than 600 alumni countries in 2005. Marketing activities more involved in research collaborations celebrated the success of the Chinese followed an overarching strategy of with leading international institutions. graduates at a reception at the Beijing maintaining the University’s core markets Hotel. Other events included a banquet for while diversifying the source countries Faculty of Health Sciences 90 key dignitaries and senior University by developing new markets. AusAID In 2005 Yooroang Garang hosted staff and a health education forum at scholars were encouraged to consider Professor Christopher Cunningham, Peking University jointly hosted by the the University of Sydney through activities Director of the Research Centre for Maori College of Health Sciences and the in Cambodia, Laos and Vietnam. Health and Development at Massey George Institute for International Health. The Centre for English Teaching (CET) University, New Zealand, as a visiting The Beijing 2005 events are a part of the continued to operate at maximum capacity. scholar. Professor Cunningham worked University’s long-term engagement with More than 2200 clients passed through with staff to develop collaborative China in higher education and research. the centre over five teaching terms. research projects in Indigenous The Sydney Summer and Winter Schools, Australian and Maori health. International students which allow students to complete their The Rehabilitation Research Centre degrees more quickly, once again was the co-recipient of a prestigious proved a popular choice for international In 2005, 42 per cent of University of European Union Outgoing International students, with 2478 enrolments in 2005. Sydney students were born overseas, Fellowship, the Marie Curie Fellowship. while 8802 international students This program allows researchers to attended the University (as at College and faculty broaden their international experience 31 March 2005). achievements by spending time at a research centre outside the EU and Associated States More than 612 students participated in for one to three years. the Study Abroad Program in 2005, and College of Health Sciences 285 Sydney students and 277 A range of highly targeted international Faculty of Medicine international students participated in the collaborations were undertaken by the The Kingdom of Saudi Arabia took steps Student Exchange program. Students College of Health Sciences (CHS) in in 2005 to use the curriculum design in both programs came from many 2005. College-level agreements were and course administration expertise of different countries, with the greatest negotiated with the governments of Sydney’s Faculty of Medicine to deliver numbers coming from the United States, Saudi Arabia and Bahrain. The first medical education. In a new agreement Germany, Mexico, Canada and the intake of 60 scholarship students from with the National Guard Health Affairs United Kingdom. Saudi Arabia arrived in late 2005, to (NGHA), the Faculty of Medicine will assist The University renewed a number of commence undergraduate programs in the King Saud Bin Abdulaziz University for existing Study Abroad and Exchange 2006 in the program established between Health Sciences in developing its medical agreements with partner institutions CHS and the Ministry of Education in education program. during the year. New agreements were Saudi Arabia; and negotiations were established with 12 international universities undertaken to establish a long-term 16

College of Humanities and Dr Judy Cashmore and final-year student Faculty of Agriculture, Food and Social Sciences Ms Thao Nguyen joined a delegation Natural Resources In 2005 the College of Humanities and which represented the shadow report on In September 2005 the Plant Breeding Social Sciences (CHASS) appointed Australian compliance in implementing Institute hosted an international GRDC- Professor Wing On Lee as Director, the Convention of the Rights of the Child sponsored forum Global Landscapes in International, to coordinate to the UN committee in Geneva in June. Cereal Rust Control to mark the contribution of Professor Robert McIntosh The University of Sydney internationalisation across the college. Sydney College of the Arts During the year, CHASS signed a to the genetics of cereal rust control. Sydney College of the Arts (SCA) Memorandum of Understanding with the developed exchange agreements in Faculty of Architecture Shanghai Academy of Social Sciences Canada, Japan and the United States, and initiated strategic alliances with the Professor Ed Blakely continues to bringing the number of faculty-specific Centre of Asian Studies, the Chinese participate in the worldwide planning exchange relationships to 15. SCA Academy of Social Sciences, and community; in 2005 he was invited by co-hosted Nicola Meitzner from universities in Beijing and Tsinghua. the American Planning Association to Germany (together with the Goethe- participate in a planning workshop for Faculty of Arts Institut, the Australian Centre for New Orleans following Hurricane Katrina. In 2005 the faculty signed new Study Photography and Sherman Galleries), He has also led several international study Abroad and Exchange agreements with and hosted an exhibition by Gary tours examining different approaches Waseda University in Japan and Purdue Pearson from the University of British to Urban Planning. Columbia. The SCA initiated the University in the USA. It also developed a Associate Professor Anna Rubbo was a Antipodes project with the Ecole cross-faculty Comparative Asian Studies key organiser in Global Studio 2005, Nationale Supérieure des Beaux-Arts in stream in the MA in Asian Studies program. which was held in Turkey. The Studio Paris, which will involve reciprocal visits bought together architecture and Faculty of Economics and Business and exhibitions in Paris and Sydney. planning students, teachers and The faculty hosted Australia’s first Professor Richard Dunn held the professionals from around the world to Association to Advance Collegiate Schools second of a two-part solo exhibition, participate in an international design of Business (AACSB) World Class Practices Mannig•Faltig/Mani•Fold, at the studio in a poor neighbourhood of in Management Education Conference Kunstsammlungen in Chemnitz in Istanbul and in People Building Better on the topic of Meeting the Needs of mid-2005. During the year SCA staff Cities during the UIA Congress. Global Business, attracting 105 business exhibited in the Beijing International deans and leaders from the Asia-Pacific Art Biennale. Faculty of Engineering region. It also presented the Global Panel A survey of Mechanical Engineering Forum, a student forum discussing the College of Sciences and Technology departments in 265 universities worldwide topic “Is There a Role for Australia and In 2005 the College of Sciences and was conducted by Yuan Ze University, New Zealand in US–Asian Relations?”. Technology (CST) consolidated its links Taiwan, in 2005. The University of Sydney’s with India. The Visiting Research School of Aerospace, Mechanical and Faculty of Education and Fellowships announced in 2004 were Social Work Mechatronic Engineering was ranked taken up by top scholars from the Indian number one in Australia and six in the world. During 2005 the faculty negotiated a Institute of Science (IISc) in Bangalore, new University Memorandum of the Jawaharlal Nehru University (JNU) in Faculty of Veterinary Science Agreement with South East University, Delhi, and a number of other leading The Faculty of Veterinary Science has a Nanjing, China, to provide a program institutions. Professor Greg Hancock truly international flavour in its student for teachers of English as another visited India with the other G08 Deans body, which creates important future language. The dean played a formative of Engineering in February 2005. Visits networks – in particular, those dealing role in the creation of the new were made to the IISc and the Indian with the global challenge of zoonoses Association of Asia-Pacific Deans of Institutes of Technology Madras in (diseases that animals pass to humans). Education, which met for the first time in Chennai, Mumbai, Kanpur and Roorkee. In 2005, 5 per cent of the 1335 final-year November, at Seoul National University. During 2005, the University signed placements and 17 per cent of all elective Faculty of Law Memoranda of Understanding with the IISc placements were undertaken overseas. Professor Terry Carney was appointed and JNU in New Delhi. In November The faculty also has a vibrant international as President of the International 2005, Professor Hesketh led a University postgraduate community of students Academy of Law and Mental Health in delegation to JNU for a joint workshop on studying online in the Veterinary Public 2005. Professor Patricia Apps was environmental issues. This interdisciplinary Health Management course. During 2005, appointed program chair for the 19th approach will form the basis of a book 35 per cent of students studied from annual conference of the European to be published jointly with JNU. outside Australia, including students Society of Population Economics (of based in China, Hong Kong, Thailand, which she will be president in 2006) at Fiji, New Zealand, Swaziland and the the Cité Universite in Paris. United States. 17

Memoranda and exchange Study Abroad and Exchange Agreements signed programs in 2005 University-wide Memoranda of Understanding signed in 2005 Pontificia Universidad Católica de Chile, Chile

University-wide Tulane University, USA Annual Report 2005 University of North Carolina, Chapel Hill, USA Université Paris VII – Denis Diderot, France Tsinghua University, China Faculty/college specific

Faculty/college specific Alfred University, USA – Sydney College of the Arts Copenhagen Business School, Denmark – Faculties of Art and Chaoyang University, Taiwan – Faculty of Engineering Economics and Business Georgetown University, USA – Faculty of Medicine Gifu University, Japan – Faculty of Arts Indian Institute of Science (IISc), India – College of Science Indiana University, USA – Faculty of Economics and Business and Technology Nova Scotia College of Art and Design, Canada – Sydney Indian Institute of Technology Madras, India – College of Science College of the Arts and Technology Purdue University, USA – College of Humanities and Social Japan Advanced Institute of Science and Technology, Japan – Sciences Faculty of Science (School of Information Technologies) Radboud Universiteit Nijmegen, The Netherlands – Faculty of Shanghai Academy of Social Sciences, China – College of Law Humanities and Social Sciences Tokyo National University of Fine Arts and Music (GEDAI), Shanghai Conservatorium of Music, China – Sydney Japan – College of Humanities and Social Sciences Conservatory of Music Vrije Universiteit Amersterdam, The Netherlands – Faculty of South East University, Nanjing, China – Faculty of Education Law and Social Work Sun Yat-Sen University, China – Faculty of Pharmacy Study Abroad and Exchange Agreements renewed in Tamil Nadu Agricultural University, India – Faculty of Medicine 2005 Tokyo National University of Fine Arts and Music (GEDAI) – University-wide College of Humanities and Social Sciences Københavns Universitet, Denmark Memoranda of Understanding renewed in 2005 Kwansei Gakuin University, Japan

University-wide Nagoya University, Japan Università degli Studi di Ferrara China Scholarship Council, China Kwansei Gakuin University, Japan Faculty/college specific

Faculty/college specific Ecole Nationale Supérieure des Beaux Arts, France – Sydney College of the Arts Chinese Academy of Social Sciences, China – College of Fachhochschule Koblenz (IKKG), Germany – Sydney College of Humanities and Social Sciences the Arts Seoul National University, South Korea – Faculty of Education Fondation Nationale des Sciences Politiques, France – Faculty and Social Work of Arts Technion – Israel Institute of Technology, Israel – College of University of Waikato, New Zealand – Faculty of Education Science and Technology and Social Work University of Waikato, New Zealand – Faculty of Education and Social Work

Cotutelle agreements signed in 2005 Peking University, China – College of Health Sciences Université Bordeaux 1, France – Faculty of Medicine (Pharmacology) 18

The student experience – partnership for learning The University of Sydney

In 2005, the University of Sydney Student Services from January 2005 Sydney University Cricket Club continued to focus on enhancing the was a significant step, providing collected the First Grade premiership student experience, recognising the improved services to students studying cup for the second time in three importance of the student life beyond on the Cumberland Campus and further seasons the classroom in the development of integrating the provision of student Sydney University Football Club successful learning outcomes. support services across the University. fielded four Australian international Under the existing Student Ambassador The International Student Support Unit players, and program, the University engaged a (ISSU) was also integrated within second-year liberal arts student number of Event Ambassadors during Student Services during the year, Jacqui Bonnitcha became the first 2005 to provide additional support to enhancing the support provided to female to win the World 29er sailing future students during major events such international students by the student championships. as Sydney Uni LIVE! and Information Day. support services. Policy initiatives by the Academic Board The University increased scholarship The University’s student organisations in support of the student experience in and bursary assistance available to provided many opportunities for 2005 included: students, including first-year students. engagement with fellow students the introduction of a Student Code of A robust program of merit scholarships through clubs and societies and Conduct; and financial support for students in sporting clubs and facilities. In the the development of a unified policy need provided over $5.5 million in sporting arena in 2005: statement on scholarships at the 2005, which is by far the most Sydney University won its 40th University; comprehensive and generous scheme Sydney rugby union premiership the alignment of the Board’s of any university in New South Wales. Sydney University Lions took out Academic Honesty in Coursework The integration of the Cumberland the 2005 National Water Polo policy with the Vice-Chancellor’s Campus Student Welfare Services into League crown Student Plagiarism policy. 19

During 2005 the Academic Board also College and faculty for an active experience was put on an endorsed in principle a new policy on even more professional footing in 2005. identifying and supporting students at achievements Faculty of Engineering risk. This policy has arisen from the Board’s major review of the appeals College of Health Sciences More than 40 groups of first-year engineering students competed against processes at the University, and will be Faculty of Medicine Annual Report 2005 the first of a number of new and each other in 2005 to build low-cost Two faculty initiatives were awarded the desalination devices using solar energy amended policies in this area. Vice-Chancellor’s Award for Support of to produce fresh drinking water. The the Student Experience in 2005 – see students had only two hours to prove Vice-Chancellor’s details above. In 2005 scholarships were their equipment could work. The Awards awarded to 28 undergraduate students winning team created 415 millilitres of from the University of Sydney and other pure drinking water with their entry, The 2005 winners of the Vice- universities in Australia and New which cost just $37.22 to build. Chancellor’s Award for Support of the Zealand. Faculty of Science Student Experience were: College of Humanities and In December 2005 the Australian PReSS (Postgraduate Research Social Sciences Universities Quality Agency announced Students Society, Northern Clinical that the faculty’s Talented Students School), for supporting the curriculum, Faculty of Arts Program (TSP) has been added to its providing opportunities for personal The Arts Network and Mentoring Program National Good Practice website. The TSP growth, and developing a student continued to grow, with well over a is one of 110 entries included on the community, both socially and virtually quarter of commencing Arts students database, which is intended to provide Scaffolding Literacy Program, which participating in 2005. One of the key benchmarks for higher education supports Indigenous students and aims of this Program, along with a institutions. has potential to benefit other local range of other initiatives that focused students and international students on the first year experience in the Faculty of Veterinary Science Summer Research Scholarship faculty, is to improve retention rates. The faculty provided continuing education and staff development for a Program, which offers a unique Faculty of Economics and Business opportunity for undergraduate diverse network of over 350 “partner The faculty allocated almost $1.7 million students to undertake real medical practices” throughout New South towards 63 scholarships in 2005, research projects, and Wales, from practising veterinarians to including 10 travel scholarships for Postgraduate Peer Mentoring farmers and Rural Land Protection outbound student exchanges. It received Program (runner-up), for providing a Boards. These veterinarians provide the three Cheung Kong exchange scholarships research-led transition to the academic clinical experience for Year Five veterinary for incoming exchange students from and social life of the University. student interns. In 2005, partner Hong Kong University of Science and practitioners attended a two-day Technology, Tsinghau University and conference on campus to develop skills Student-friendly Korea University Business School. in facilitating student intern learning technology In June 2005 the faculty held an inaugural and share their experiences, providing Beta Gamma Sigma Induction Ceremony some rich discussions on clinical learning. Online student administration services inducting over 120 undergraduates into The faculty also developed a new improved services to students with the University of Sydney BGS Chapter. mentoring system to provide pastoral electronic documentation, pre-enrolment Faculty of Education and support for first-year graduates in online for re-enrolling students and Social Work Veterinary Science and Animal and improvements to the online Courses Veterinary Biosciences, in order to A Vice-Chancellor’s Award for Support Database. Surveys of first-year enrolling facilitate the transition to professional of the Student Experience was awarded students showed that the percentage practice and employment. to Dr David Rose in 2005 in recognition of students finding it “easy” or “very easy” of his work developing the Scaffolding to get information from the website rose Literacy Program. Working closely with from 69 per cent in 2003 to 79 per cent the Koori Centre, he adapted the program in 2005. to support Indigenous students in A new Access Centre, equipped with reading and writing academic English. 90 computers, was established in Fisher Library in Semester One, 2005. It has College of Sciences and Technology proven to be popular with students, The placement of students in the faculties providing liberal work space with the of Veterinary Science, Architecture and latest technology in an airy open setting. Agriculture in clinics, studios and on farms 20

Community engagement and outreach – service, leadership and commitment The University of Sydney

Community and civic engagement is just over 36,000 people visited the for research in Europe, New Zealand, central to the University of Sydney’s University’s museums and art gallery the USA and throughout Australia. continued vitality and relevance. We (art gallery visitor numbers increased The University Art Collection acquired see universities of the 21st century not by 33 per cent over 2004). 25 works during the year, including only as centres for research and learning, The Centre for Continuing Education’s valuable gifts from private collectors but also as contributing to the cultural, community profile was greatly and donations by significant Australian social, economic and political life of enhanced by its location in new artists such as Aida Tomescu, Tony the community. premises at the University Village, Tuckson, Arthur Boyd and Nora Heysen. Newtown. Total income rose by 9 per The Seymour Centre had its most Community cent over 2004, and enrolments successful year in recent times, with increased in business courses (up 34 707 performances of 134 productions. Engagement division per cent), languages (up 11 per cent) Company B took up residency in the and in-house continuing professional Seymour Centre while the Belvoir The activities of the University of education courses (up 500 per cent). Street Theatre was renovated, and its Sydney’s Community Engagement The University’s Museums (the Macleay season of the David Hare play Stuff division brought many people into and Nicholson Museums and the Happens was both critically and contact with the University in 2005: University Art Collection) presented ten popularly acclaimed. The Seymour 25,700 people enrolled in courses exhibitions in 2005, which were Centre’s new live music venue, the run by the Centre for Continuing supported by a program of lectures Sound Lounge, drew more than 8000 Education (up from 24,600 in 2004) and study days. More than 200 items people to hear 160 performances of 135,200 people attended from the collections were lent to 28 jazz and world music. performances and events at the national and international exhibitions Monthly independent monitoring Seymour Centre, and and almost 1500 specimens were lent showed that the University of Sydney 21

generated more media coverage than increased by 35 per cent over the that complements the National Oral Health any other university in the state, across previous year and new services such as Plan and College of Health Sciences all media and in all categories (national, 24-hour CV checking proved very popular. Strategic Plan. During the year, the metropolitan, regional and specialist or The centre collaborated successfully on faculty participated in the New South trade journals). projects with the faculties of Science, Wales Parliamentary Enquiry into Dental Arts, Economics and Business, Health The University’s news and events website Services across New South Wales. Annual Report 2005 Sciences, Veterinary Science, was redesigned and a focus placed on Faculty of Health Sciences publishing several new stories each day. Engineering and Architecture and Dr Catherine Bridge from the School of This strategy resulted in a steady growth continued to develop faculty-specific Occupation and Leisure Sciences was in the site’s popularity, with the number Internet material. invited to Sri Lanka in 2005 to provide of visits increasing from 1033 each More employers came onto campus, with consultancy services on the Access for day in January to 1717 in December. a record number attending the major Careers Fair in March, and the centre All project, helping rebuild tsunami- In 2005, the Publications Office produced affect areas in Sri Lanka. the University’s core publications and increased its income from employer Staff and students of the School of provided desktop publishing services services over the previous year by Applied Vision Sciences conducted a for 217 faculty and administrative unit almost 40 per cent. vision screening project during 2005 in publications. Uninews was redesigned The Future Indigenous Students website collaboration with ClearWay driving and at the beginning of 2005, and the office was launched in late 2005, providing easy workplace safety consultants and local is further exploiting the potential of online access to information on scholarships, councils. A research project in paediatric publishing: the University’s handbooks student support, the University’s vision screening was also undertaken were produced using cutting-edge reconciliation statement and first- in collaboration with New South database publishing technology. person accounts from Sydney’s current Indigenous students and graduates. Wales Health. Commitment to the Staff at the School of Occupational and College and faculty Leisure Sciences and students from the community Bachelor of Applied Science (Leisure achievements and Health) were closely involved in the The partnership between the Smith inaugural Great Australian Ski Marathon Family and the University continued to College of Health Sciences in 2005 to raise funds for some of the develop in 2005. In November, 45 Year Community service is a core business in poorest communities through Oxfam 10 students from high schools in the health sciences professions. The Australia. disadvantaged areas attended the college maintains the Australian University for a one-day familiarisation Faculty of Medicine Healthcare Policy Institute specifically to program. At the end of that day, 95 per The faculty retreat held in Broken Hill address community service issues. In cent said the experience had encouraged and the Hippocratic tree planting in 2005, the institute received nationally them to consider university education. Dubbo provided excellent opportunities competitive funding from the Menzies during 2005 to engage with the local Also in November the Governor of New Foundation to support some of its core community and to investigate issues South Wales, Professor Marie Bashir, activities. awarded the 2005 Sydney Peace Prize such as Indigenous and rural staff and New marketing initiatives were to Olara Otunnu, the former UN Special student recruitment. implemented in 2005 to increase Representative for Children and Armed Six members of the Faculty of Medicine Indigenous participation in both Conflict. Mr Otunnu was awarded the began 2005 by providing front-line Indigenous-specific courses and Peace Prize for his lifetime commitment medical and forensic aid in the wake of mainstream courses, culminating in the to human rights and his ceaseless efforts the Indian Ocean tsunami. launch of a new video, Your Future in to protect children who are the primary Indigenous Health. In 2005 the College Hoc Mai Australia House opened in victims of war. The annual prize is of Health Sciences awarded scholarships October 2005 to support the patients administered by the Sydney Peace of $5000 each to nine new and and families of the Viet Duc Hospital in Foundation, a not-for-profit organisation continuing Indigenous undergraduate or Hanoi, Vietnam. within the University of Sydney. postgraduate students and 15 bursaries A new Fellowship at the University of of $1250. (See also the Ethnic Affairs Sydney aimed at supporting improvement Serving student needs Priority Statement on page 51.) in the health and welfare of Indigenous Australians was launched by the Governor Faculty of Dentistry In 2005 the Careers Centre reaped the of New South Wales, Professor Marie benefits of an internal restructure which New South Wales Health funded the Bashir AC. The first two Fellowships realigned resources to better focus on inaugural Chair of Population Oral were awarded in 2005. the needs of students, faculties and Health in 2005 to develop a five-year employers. Uptake of student services research plan in population oral health 22

College of Humanities and College of Sciences and Technology Sustainability: The Interface between Social Sciences The College of Sciences and Technology Sciences and Economics. It was Academics within the college made has a number of centres and attended by about 100 participants from significant contributions to important foundations under its umbrella that the University and from industry, state public debates during 2005 on topics as have an evidence-based policy focus and federal government departments, diverse as terrorism, migration, industrial providing outreach into the community. research agencies and farming.

The University of Sydney relations, and gender and sport, while The Warren Centre for Advanced Mrs Carolyn Tanner from the Faculty of faculties expanded community outreach Engineering undertakes projects that Agriculture, Food and Natural Resources through exhibitions and increased numbers aim to help create wealth in the nation was invited by the Deputy Prime Minister of concerts and public lectures. Through from technology. Projects during 2005 and Minister for Trade, the Hon Mark the Research Institute for the Humanities included 10,000 Friends of Sydney, Vaile MP, to be a member of the WTO and Social Sciences, the college revived Steel Form Futures, Low High Energy Advisory Group and to join the official its successful series of public lectures, Rise, Metropolitan Water, and the Australian delegation to the Sixth WTO Key Thinkers, in pursuit of its objective Innovation Hero Award. Ministerial Conference in Hong Kong in to establish the University as a centre Under Professor Ed Blakeley, the Planning December 2005. for discussion, debate and comment. Research Centre in the Faculty of Faculty of Architecture Faculty of Education and Architecture helped form the Mayor’s Col James, director of the Ian Buchan Social Work Institute in 2005. This is a vehicle for Fell Housing Research Centre, continued exploring issues in urban renewal and In partnership with the New South Wales to foster strong links with the local design with mayors across the Sydney Department of Housing, the faculty was Indigenous community in 2005. He basin and other high profile political fully involved in the Glebe Community supported research undertaken by leaders. Development Project throughout 2005, Richard Green, who is working with Together with the Warren Centre, with students from the faculty undertaking Sydney researchers and the NSW the Engineering foundations formed field work placements and staff involved Aboriginal Housing Office to review Engineering Sydney, providing a focus in the management and support of the pathways into and out of homelessness. for student and faculty links into industry. project. Interviews conducted by Richard Green In 2005 the highly successful student Sydney College of the Arts will also impact on a second University placement program in Chemical of Sydney project: the alternative, The SCA and the Power Institute for Art Engineering involved placements and controversial plans for redevelopment and Visual Culture jointly hosted the prizes in partnership with a range of of Redfern’s Block – the first Aboriginal 2005 annual conference of the Art companies such as BHP, BOC, Caltex, urban land rights site and the symbolic Association of Australia and New DuPont, INTEC, Qenos, Sydney Water land of the Cadigal people. Col James Zealand (AAANZ), EYESITE. and Visy Pulp & Paper, ABB Australia, is working with the Redfern-based SCA staff and students are involved in Abbott Laboratories, Alcan Gove, Amcore Aboriginal Housing Company to develop the development and support of artist- Fibre Packaging, AGL, Esso and a community plan for the area. run gallery spaces such as Peleton and McGrath Hill. The Tin Sheds Gallery within the Faculty Phatspace. Through the University’s Both the Faculty of Science and Faculty of Architecture attracted media attention partnership with the Smith Family’s of Architecture held open forums in early with a diverse range of exhibitions in Learning for Life program, the SCA 2005 following the Aceh tsunami, aimed 2005. One key exhibition was Shaping offered a film-making workshop at the at educating the public on geological, Space – Drawings by Harry Seidler, the Museum of Contemporary Art in 2005 sociological and political issues, first architectural exhibition to be held as part of Bella (a program providing including the reconstruction process. free practical art education workshops in the gallery. Electron Microscope Unit to young people with specific needs). Faculty of Engineering In 2005, the EMU and NANO engaged Sydney Conservatorium of Music On behalf of the University of Sydney’s with the regional community through Australian Centre for Field Robotics In 2005, the Conservatorium expanded the deployment of a scanning electron (ACFR) in the Faculty of Engineering, its public concert series. More than 7000 microscope to the Orange campus the Vice-Chancellor Professor Gavin students and their families participated in (which has since been transferred to Brown and Dr Nandagapol from the music education programs held across Charles Sturt University), supporting Defence Science and Technology New South Wales, including K-12, research activities relevant to the Organisation (DSTO) signed an community courses and professional agricultural community in western NSW. development programs. During the year agreement to form the new Centre of the Conservatorium co-hosted the Faculty of Agriculture, Food and Expertise (COE) in Defence Autonomous Orchestras Australia Network Conference Natural Resources and Uninhabited Vehicle Systems. and the National Conference of the In May 2005 the faculty hosted a A grant of $1 million was received from Musicological Society of Australia. symposium on Agricultural Energy Australia in 2005 to establish 23

the Energy Australia Chair in Power Bioethics/Stem Cell Café discussion, resources for teaching about Engineering and strengthen this new and tsunamis following the Indian Ocean strategically critical area for industry. the Physics Air Show. tsunami professional development resources Faculty of Science In the inaugural year of the Sleek Geek Science Eureka Schools Prize, the Faculty on the use of blogs in science In 2005 the Faculty of Science once education of Science received more than 90 entries. Annual Report 2005 again made a major contribution to Students were required to enter a three- professional development resources Science in the City, hosted at the minute video piece which communicated on educational uses of Google Earth, Australian Museum. Key activities a scientific concept or idea. and included: WebQuest and Treasure Hunt on UniServe Science continued to maintain Energy: Future Challenges (the theme Microscopes on the Move exhibition and expand its website for school chosen for Science Week in Chemistry Hands-on workshop teachers in NSW. New resources added Australian schools). Biology Hands-on workshop during 2005 included: “Meet Dr Karl” Q&A 24

Alumni engagement and philanthropy – lifelong relationship and friendship The University of Sydney

The future success of the University of For the first time three editions of the activities continued to grow, with three Sydney increasingly depends on its ability Gazette were published. The magazine receptions including a June event attended to engage alumni, friends and the has been redesigned, with the first edition by the Vice-Chancellor, Professor Gavin business sector, to leverage its national of the new Sydney Alumni Magazine to Brown. At a December reception, World and worldwide reputation and create be mailed to all alumni quarterly, Bank Legal Associate Dr Danielle Malek the additional financial resources starting in March 2006. (BA ’91 PhD ’02 LLB ’04) entertained necessary to accelerate achievement in Following the establishment of the Alumni attendees with her unique experiences at research and innovation, and learning Web Community in late 2004, nearly the University of Sydney and at Harvard. and teaching. The University of Sydney 3000 graduates registered for the new Sydney University Graduates of North strives to ensure that its alumni service in 2005. It allows alumni to update America (SUGUNA) held its annual understand and take pride in the their personal information and connect conference at the University of Illinois in University’s achievements and will support with an online community of scholars October. The Chancellor, Vice-Principal Sydney in the challenges we face. and classmates as well as maintain a of University Relations and the Dean of lifetime University email address. Economics and Business attended the Alumni engagement International activities held for alumni conference at which the Consul-General during 2005 reflect the importance the of Australia, the Hon Robert Charles, Opportunities for alumni to engage in University places on cultural diversity and gave the keynote address. the life of the University were extended the breadth of its programs of alumni In the UK, alumni met with the Vice- through the establishment of four new outreach and engagement. In September, Chancellor for the Winter Reception at alumni chapters in 2005: in China and over 400 alumni attended a China Alumni the Westminster Town Hall in October, Singapore, the School of Information Reception at China’s Great Hall of the with QC and television presenter Technologies and the Institute of People following a Presentation Ceremony Justice Geoffrey Robertson (BA ’67 LLB Teaching and Learning. for graduands. In New York alumni ’70) as the guest speaker. 25

For alumni in Australia, there were Fundraising on in a timely manner and that numerous faculty and class-based communications with donors were reunions on campus and throughout In 2005, total private gifts and non- maintained at the highest standard. New South Wales, including the 150th government grants to the University Anniversary Gala Dinner of the Faculty surpassed $32 million for the first time Database of Law, the Law Class of 1970 Reunion, in its history. Giving through bequests and Annual Report 2005 and the Pharmacy Annual Ball. More than estate gifts were a major component, development amounting to 55 per cent ($17.5 million). 25 University-wide events for alumni In line with the University’s objective to The number of individuals who confirmed and members of the community were maintain one central alumni and their intentions of making a bequest to coordinated by the Alumni Relations development database, Advancement the University through their will grew Office (ARO) in 2005, including the Services completed a three-year project from 84 to 110. Vice-Chancellor’s Distinguished Lecture to implement the BSR/Sungard Advance with Nobel Peace Prize winner Professor The Development Office supported (gift accounting and reporting) database Tony Leggett, the Charles Perkins Oration, numerous faculty and foundation-based system. As a result, all but two faculty which recognises Indigenous contributions initiatives and campaigns to generate databases have now been integrated to the community, and the University private gifts and grants to projects such into Advance, with the remaining as endowed professorships, scholarships, holiday reception. The ARO also launched databases planned for integration in 2006. bursaries, research funds and equipment/ an alumni breakfast series to engage New gift reporting procedures were also instrumentation and capital construction Sydney area alumni through professional implemented, with further enhancements and renovation. University Relations presentations on contemporary issues. planned for implementation in 2006. partnered with a broad spectrum of Other regional activities included alumni foundations, faculties and schools In 2005, a major project was launched receptions and reunions held in Tasmania including the Veterinary Science to update and improve the accuracy of and Melbourne. Foundation, Law School, School of information on the Advance database The Alumni Relations Office continued Information Technology, Pharmacy and and increase the number of contactable to assist the Standing Committee of the Pharmacy Practice Foundation, alumni to bring the University in line Convocation. For the first time in 10 Architecture, Science Foundation for with best practice approaching 80 per years elections were held for alumni Physics, Medical Foundation, Science, cent accuracy. The project included representatives to the committee, with Arts, Humanities, Sydney Conservatorium developing 16 separate initiatives to seven graduates nominated as office of Music, Dentistry, and Economics and track and find “lost” alumni. Eight faculties bearers for a four-year term. Senate Business. and numerous foundations and alumni associations have partnered with endorsed and recognised Standing More than 5600 alumni and friends made Advancement Services to work on this Committee as the peak alumni body of the gifts, including nearly $7.7 million in critically important project. University and approved its expansion support of many Annual Fund appeals by nine members (upon nomination of in 2005, providing critically important the Vice-Chancellor) to ensure better budget enhancing funds for faculties, College and faculty representation of all University alumni schools, units and foundations for achievements associations and chapters. operational needs and priorities such as student scholarships, fellowships, The Standing Committee and the Alumni College of Health Sciences research infrastructure, curriculum Relations Office again hosted the Annual development, academic and library Alumni Awards program and awards Faculty of Dentistry resources, equipment and other dinner, which recognised graduates who The faculty received funds from the priorities within the operating budget. have provided outstanding community Sydney Dental Hospital (SDH) to fund a service to the community or the University. The University of Sydney continues to PhD Scholarship in Biomaterials Science encourage support from alumni and The Office of University Relations also for a three-year term. The faculty also friends in meeting the cultural and diversity redesigned and launched a new alumni gained external sponsorship of its needs of its students and community. website to improve communications, Research Day and prizes for meritorious Several large gifts were received in undergraduate and postgraduates. stimulate increased involvement and 2005 for scholarship and research in support alumni chapters throughout Indigenous studies, Chinese studies Faculty of Medicine Australia and the world. Over a quarter and the work of the George Institute for The 50-year reunion of 1955 graduates of a million hits were recorded on the International Health and the Australia was held in April 2005. Over 100 alumni site in 2005. Vietnam Medical Trust Foundation. attended the event, for which the Wilson The number of contactable alumni (valid New policies and procedures were Anatomy Museum was specially opened. addresses) grew to nearly 139,000 in developed during the year to ensure The museum’s display includes a unique 2005, an improvement of almost that all gifts were centrally processed, wax anatomical model that was restored 6 per cent. receipted, acknowledged and reported with funds provided by 1955 graduates. 26

Faculty of Pharmacy $16 million Henderson bequest. $80,000 Three Sydney graduates were recognised The Pharmacy Ball held in June 2005 was raised towards a new Steinway by the Australian Institution of Engineers was the first fundraising event for the concert grand through the donation of in a list of 30 of Australia’s most inspiring Pharmacy Alumni Association, with all artworks from Australian artists. young engineers: Natasa Gadzuric proceeds going to the Building (Organisational Development Officer, Expansion Fund. College of Sciences and Technology Downer Engineering), Faryaneh Hayati

The University of Sydney Faculty of Architecture (Project Manager, Bovis Lend Lease) College of Humanities and and Davina Rooney (Structural Social Sciences Fundraising commenced for Stage Four Engineer, Arup). of the Wilkinson Building Works, which Faculty of Arts will include the new Lloyd Rees City Road Faculty of Science The Michael Hintze Chair of International Courtyard and the new Maze Crescent A solid contact list of School of Security Studies was established in 2005 Courtyard. The “Blast From the Past” Information Technology alumni has been with a generous donation from Michael fundraiser held in November raised established and a new website has been Hintze, a distinguished alumnus of the $25,000 towards this goal. created. Two issues of SoIT’s News were University of Sydney and member of the UK Global Studio 2005, an initiative Friends of the University of Sydney Trust. produced in 2005, and alumni events dedicated to improving the lives of the included a graduation dinner at the Sky Faculty of Law urban poor, won a NSW Fundraising Phoenix Restaurant and alumni input to At a dinner of 440 alumni, the Faculty Institute of Australia award. This is the curriculum review. of Law celebrated the 150th first fundraising award won by the Funding from Microsoft Research Asia anniversary of the decision of the University of Sydney. allowed the School of Information University of Sydney to have the study Several key prizes and scholarships Technology to create five 4-year of law as one of its disciplines. were created in 2005, the main one scholarships for IT undergraduate Sydney College of the Arts being the endowment of the David students and three prizes in perpetuity, Rowe Memorial Prize in Building with a total value of $150,000. Sydney College of the Arts (SCA) Service in honour of David Rowe, who awarded the third Fauvette Loureiro Faculty of Veterinary Science Memorial Artists Travel Scholarships, passed away in December 2004. In 2005 the Veterinary Science Foundation published a community and alumni Engineering Sydney (VSF) continued its successful capital newsletter, SCAfold, and curated two The Engineering Sydney Board had its campaign for the new Dog Centre. It exhibitions (Utility in Touch and Who Do first meeting in April 2005. Engineering We Think You Are?) showcasing alumni also continued to act as a very effective achievements. Sydney’s key activities are developing public relations arm of the faculty and alumni relations, bringing industry and maintain contact with all Veterinary Science Sydney Conservatorium of Music students together, providing information alumni. A spectacular fundraising event The Conservatorium received one of services, and building support and was staged by the VSF in December at Australia’s largest ever arts donations, the involvement from industry and government. the Conservatorium.

ninemsn CEO Martin Hoffman addresses the November 2005 Graduate Connection Breakfast 27

Capability – our competitive advantage Annual Report 2005

Emeritus Professor Dick Collins with students at the International Science School

The University of Sydney attracts, Human resource Senior staff exempt from Enterprise rewards and retains staff of outstanding Bargaining were offered Australian quality and international standing who management Workplace Agreements (AWAs), with a 100 contribute to our reputation nationally, The transformation from Personnel per cent take up. An AWA template was regionally and internationally. Services to Human Resource finalised and the University successfully Our priorities are to: Management commenced in 2005, met the deadline to issue AWAs to staff create staff development programs leading to redefined accountabilities employed after 29 April 2005. which support leadership in teaching, and the reconfiguration of human A Case Management framework was research and organisational resources management and staff. A introduced in 2005 to resolve workplace professionalism and performance Human Resources Board of Management issues more efficiently. The process create a culture in which was established to support planning and the roles of various parties are responsibility for learning and and service delivery and to support the now clearly defined, enabling better development is shared between staff relationship between the central units coordination of efforts and monitoring and managers, and which helps staff and the college teams. and evaluation of outcomes. to transform both their performance and their career, and Recruitment and selection was identified Online orientation was launched in create a robust performance as a strategic priority, in particular 2005 as part of the Staff Support and management and development understanding local workplace needs, Development website. An online system which recognises and priorities and challenges. Working with management handbook was designed supports early career academic and an external partner, development of a and implemented for all managers and general staff and ensures that the world-class in-house recruitment hub supervisors. These initiatives provide University is maximising the effective commenced in 2005 to manage all performance support tools to help contribution of all staff. recruitment of staff. employees shorten the learning curve 28

and access accurate and relevant Associate Professor Helen Britt, mentors early career staff. information they need in real time. Director of the Family Medicine To improve women’s prospects and The University’s Performance Research Centre career paths within the Faculty of Science Management and Development (PM&D) Professor Ian Hickie, Executive and University, a Women’s Forum was program was strengthened in April Director of the University’s Brain and held in 2005 to discuss strategies for 2005 with the implementation of PM&D Mind Research Institute supporting and encouraging women in Emeritus Professor Charles Bridges- their academic careers.

The University of Sydney Mark II. Different facets of performance Webb, who set up the School of management (including evaluation, At the end of 2005, there was a General Practice at the University in development, reward and recognition) changeover in the deanship of 1975, and are now linked to create a streamlined Architecture. Professor Gary Moore, Dr Simon Willcock, Sub-Dean of the and integrated system. who was dean for eight years, remains Northern Clinical School. The Staff Support and Development in the faculty in his role of Professor of Unit (SSDU) conducted 297 training College of Humanities and Environment-Behaviour Studies. The courses during 2005, training 2855 Social Sciences incoming Dean, Professor Tom Kvan, staff in courses ranging from the use of joined the faculty from the University of The Faculty of Economics and Business Microsoft Office to conflict resolution. Hong Kong. continued to significantly strengthen academic capacity to match its growth. Dr Liangchi Zhang was awarded an College and faculty Academic staff numbers have grown by Invitation Fellowship by the Australian achievements more than 80 per cent since 1999 and Academy of Science and the Japan the professoriate has grown from 15 in Society for the Promotion of Sciences. 1998 to over 30 in February 2005. This will allow him to establish long- College of Health Sciences term collaborative research programs In 2005, Faculty of Health Sciences College of Sciences and Technology with Japan’s Tohoku University. academics won four of the Vice- The College of Sciences and Technology Associate Professor Abbas Jamalipour Chancellor’s Awards for Outstanding (CST) ran a successful two-day leadership was appointed as editor-in-chief for the Teaching. program for its senior academic and IEEE Wireless Communications journal Australian Doctor named six Faculty of general staff in 2005, and offered a for a three-year term. Wireless Medicine academics in the country’s 50 shortened version of this to a selection Communications is currently ranked most influential people in general practice, of its potential future academic leaders. fourth on the ISI citation among all two of them in the top 10: The college recognises that the mentoring telecommunications-related worldwide publications. Dr Sue Page, Director of the of the next generation of researchers University’s Northern Rivers and academics is critical to the Emeritus Professor Harry Poulos was Department of Rural Health (listed in achievement of the University goals. In awarded the 2005 Kevin Nash Gold the top 10) 2005, CST introduced two mentoring Medal of the International Society for Professor Michael Kidd, Head of the awards, one for the unit within the college Soil Mechanics and Geotechnical School of General Practice (also in with the best structured approach and Engineering. the top 10) the other for the academic who best 29

Infrastructure and services – our platform for success Annual Report 2005

Infrastructure and services are key the research and learning requirements Infrastructure policy partners in supporting the University of for the next 10 years. Sydney’s endeavours in research and To further improve governance in innovation, learning and teaching and Infrastructure Advisory infrastructure, a Capability and community outreach. The University is Committee Infrastructure Policy was approved and one of the largest in Australia, with 16 implemented in 2005, providing a single campuses as well as many teaching The Infrastructure Advisory Committee framework for developing, reviewing and research facilities throughout (IAC) was established in early 2005. and monitoring policy and procedure Australia. New initiatives in the 2006 Campus within the portfolio. Capital Program have been considered Policies within the Infrastructure Portfolio under the guidance of the IAC, with a Infrastructure capital are being reviewed and revised clear understanding of the need to planning and minimise further financial commitments. progressively, beginning with human management The Capital Program for 2005 indicates resources policies and procedures in a current shortfall in funding of $37.6 compliance with the Federal Government’s The 2005 Capital Plan is the inaugural million, a reduction of $28.2 million Higher Education Workplace Relations plan of an integrated Infrastructure from the initial forecast of $65.8 million Requirements (HEWRR) in 2005. The Portfolio Strategic Plan, incorporating when the program was approved in 2004. review focused on relevance, flexibility, both campus and ICT capital planning. This reduction has resulted from the contribution to organisational productivity It addresses the accommodation reappraisal of cash-flow requirements and direct consultation with staff. demands of the University while ensuring within current projects and programs, the functionality and quality of campus including the Campus 2010 Program + services and ICT requirements to meet Building for the Future. 30

Workplace relations at an advanced stage by the end of a 45 per cent reduction in water 2005. Construction is expected to consumption between 2004 and 2005. To satisfy the Higher Education commence in mid-2006 and completion During the year, the University of Sydney Workplace Relations Requirements is forecast for the end of 2007. Landcare Group planted 750 trees and (HEWRRs), the University implemented During 2005 CPS undertook major shrubs on the banks of the Wollondilly workplace agreements, policies and conservation work projects including River at Arthursleigh Farm near Goulburn practices which support: (operated by the University for teaching The University of Sydney refurbishing the Bank Building façade choice in agreement making and roof in Science Road, painting the and research as well as operating as a direct relationships with employees Pharmacy Building, and refurbishing the commercial sheep and cattle farm). workplace flexibility Woolley Common Room. These create a buffer to catch soil and nutrients washing from adjacent slopes. productivity and performance, and Conservation plans for the Old freedom of association. Teachers College, RD Watt, Woolley, CPS was the “pilot office” for a recycled (See also Legal Affairs section on Physics and JD Stewart buildings were paper project in 2005. 100 per cent page 55.) completed in 2005 with final drafts recycled paper was used successfully in issued for comment. Conservation all black and white copiers and printers Campus Property and plans for three smaller buildings – the and all printer cartridges were recycled. Science Road Cottage, Veterinary The paper saved represented 96 trees. Services Science “Roundhouse” and RC Mills The project will be extended to the University’s other campuses in 2006. The Facilities Management Office (FMO) Building – were completed in 2005. The Sustainable Campus website was was renamed Campus Property and launched in 2005 to give students and Services (CPS) in 2005. This Campus services staff a feedback link to environmental administrative unit is responsible for the projects. A Sustainable Campus planning, development and operation of Campus security patrol services were newsletter was distributed quarterly to the University’s campuses and facilities. outsourced during 2005 to improve the performance, flexibility and cost a mailing list of interested parties at all campuses. effectiveness of the security services Capital development provided to the Darlington, Camperdown program and Cumberland campuses. Information and Throughout 2005, work progressed on Upgrades to the landscape, footpath communications the new School of Information and road in Western Avenue adjacent technology Technologies building – the first of to Wesley and Women’s colleges were three new buildings forming part of the completed in 2005. Over 5km of trickle A number of initiatives were undertaken Campus 2010 Program + Building for irrigation was installed to comply with in 2005 to identify ways to further reduce the Future. A substantial five-level Sydney Water restrictions on watering costs associated with ICT infrastructure project with underground parking, it has plants. A “click and view” database was and to increase performance. These a budget of $44.6 million and is due completed for the CPS website for included a consolidation of server and for completion in June 2006. emergency phones/duress buttons, network equipment maintenance and a grounds furniture, fountains, plaques review of the University’s server The design, documentation and and statues. architecture and data storage tendering for early works packages for requirements. the Faculty of Law Building, USYD Central and the Public Domain works were Environment Major systems were further enhanced completed during 2005. The erection in 2005. The extension of functionality of a temporary demountable village in A NSW Environmental Trust grant was in the Student Administration System Codrington Street was completed in awarded to the University in 2005 to (FlexSIS) continued, including enhanced December 2005 and the School of develop an Energy and Water Education credit (advanced standing) functionality Geosciences has temporarily relocated Program. Research laboratories, and research student management into these buildings. This clears the residential colleges and air conditioning capability. Electronic document way for the demolition of the systems have been identified as key interchange was implemented between Edgeworth David Building and the “hotspots” where improvements in FlexSIS and the University’s Records Stephen Roberts Theatre (which occupy energy and water use can be achieved. Management System (TRIM), allowing the site earmarked for the new Faculty In 2005, the University signed up to the electronic transfer of some 300,000 documents by the end of 2005. of Law Building) in early 2006. Sydney Water’s Every Drop Counts Gaining of final approvals for the Program for Camden and Camperdown A strategic review of FlexSIS was construction and the tendering of and Darlington campuses. Cumberland carried out in late 2005. The purpose construction contracts for USYD Central Campus has been involved with the of the report was to highlight optimal and the Faculty of Law buildings were program since 2003 and has achieved means to allow the University to 31

capitalise on its investment in FlexSIS. system and progressive delivery of Several ICT infrastructure projects were Changes were recommended to further functional and processing improvements completed in 2005 to increase the extend web-based functionality such as electronic procurement. performance, capacity and reliability of (particularly for new enrolments) and Use of web-based services expanded in SydNet, the University’s data and wireless improve system governance, data 2005. The number of users of the network. ICT also added extra/new fibre connections between several buildings quality, the efficacy of system Content Management System (CMS) Annual Report 2005 interfaces, project delivery practices increased to over 600 and 40 new to increase capacity and performance and application infrastructure. These websites were launched. and to eliminate single points of failure. recommendations will be introduced A number of initiatives were undertaken The installation of over 70 new wireless progressively in 2006. to improve ICT service. The desktop access points was completed in 2005, A Management Reporting System, using support call coordination function was greatly increasing coverage and capacity, the Hyperion technology platform, was re-engineered and calls closed on first resulting in an increased numbers of staff implemented in 2005 to provide contact rose to 72 per cent. Through a and students accessing the wireless enhanced financial reporting and Service Level Agreement with Financial network. In early 2005 an estimated 240 users per week used the wireless budgeting capability. There are now 800 Services, the ICT Helpdesk became the network; this increased to 750 per users of this system. Work commenced first point of contact for all Finance week by late October 2005. on the upgrade of the PeopleSoft Financial staff in the University.

Significant capital works projects Significant works initiated in 2005 completed during 2005 and continuing into 2006

Project Project Project Project budget budget Old Teacher’s Courtyard and Manning Road Large teaching space enhancement program $2.10M entry upgrade $1.33M Lismore Clinical School: new lecture theatre, PC 1 Laboratory upgrade stage 2, including teaching spaces and offices $2.67M Biochemistry fume cupboards $1.77M Refurbishment of laboratories and offices, Various dangerous goods stores around campus $0.53M Heydon Laurence $0.65M Fit-out of 1 Ross St Glebe $0.65M Psychology computer labs, general teaching spaces and AAIA in OTC building $1.59M External refurbishment to the Pharmacy/ Bank Building $1.07M OTC alteration to offices for RIHSS $0.65M New computer laboratory for Pharmacy in Refurbishment of laboratories levels 5 and 6 OTC building $0.80M Biochemistry $2.76M Air-conditioning to level 3 and teaching spaces Upgrade of the Institute Building for Faculty of for Medicine in the Edward Ford Building $0.93M Economics and Business $3.14M Upgrade of accommodation in the Wilkinson Upgrade of the Seymour Centre sub-station and Building stage 3 $1.41M associated 11KVA cabling $1.61M Air-conditioning installation to the Economics Brain and Mind Research Institute stage 2 and 3 and Business Building $1.60M – 100 Mallett St $8.57M Upgrading of the Seymour Centre sub-station and New Wildlife Centre and teaching spaces at the associated 11KVA cabling $1.61M Camden Campus $5.00M Medical Foundation Building wet labs $1.75M Pharmacy alterations and refurbishment of teaching spaces $2.50M Brain and Mind Research Institute stage 1 – 100 Mallett St $5.39M Central Transgenic Rodent Facility $9.20M Campus 2010 Program + Building for the Future Actual spend during 2005 on School of IT, Faculty of Law USYD Central and associated works for the upgrade of the Public Domain $33.1M 32

College and faculty learning conditions. Significant Stewart Building was completed in improvements were made to the SCA October 2005, providing a flexible achievements Galleries lighting, with a new lighting space with excellent computer and system installed in the EXIT gallery, projection facilities for 60 students. College of Health Sciences Foyer gallery and Galleries 1 and 2. A substantial increase in capability for The Faculty of Dentistry upgraded the video based teaching was achieved College of Sciences and Technology Lecture Theatre located on Level 6 of the with the completion of three projects: The University of Sydney Sydney Dental Hospital in 2005, providing Faculty of Architecture installation of a video conferencing a high-tech learning environment including Stage Three of the Wilkinson Building facility for small group teaching and video conferencing. The Sydney Dental Renovations was officially opened in meetings on the Camperdown and Hospital was involved in the project and May 2005. This stage includes a central Darlington and Camden campuses; contributed towards some of the costs. gathering space known as the Hearth purchase and launch of SQUIZBIZ technology, which enables roving/ College of Humanities and on level two of the building, offering a mobile phone links for sending video Social Sciences café, seating area and exhibition space. Also included in this stage of works are footage from the field; and installation Work commenced in 2005 on new the new Collaborative Design Studios. of video cameras to record and review research facilities in the Old Teachers’ student consultations in the Clinic. College for RIHSS and the Australian The Henry J Cowan Architectural Science A refurbished Isolation facility was Archaeological Institute, Athens. Teaching Lab was opened in May 2005. The refurbishment of this area was developed at the University Veterinary Investments made in teaching funded through the generosity of the F Centre Sydney in 2005, in preparation infrastructure during the year included Michael and Robert Simmons Wong for the American Veterinary Medical major equipment for digital imaging, a foundation. Michael Wong is a former Association accreditation visit. The portable tablet PC “classroom”, and a student of Emeritus Professor Cowan. plans for the new Wildlife Health and photo media production suite. Conservation Centre at the Camden A wireless network was installed at the Faculty of Veterinary Science campus were approved during the year. Sydney College of the Arts (SCA) campus The refurbishment of the old veterinary to improve IT access and teaching and pathology teaching laboratory in the JD

Architect’s impression of the USYD Central building 33

Financial performance – best practice standards Annual Report 2005

To ensure our resources are devoted to Improving operations One of the most exciting initiatives of achieving our core purpose, the University recent times has been the introduction of Sydney strives to become a world-class and systems of an Intern Program, giving University organisation with an uncompromising In 2005 the Financial Operations and students the opportunity to work in focus on service delivery, administrative Systems group completed several key Financial Services to develop their skills efficiency and effectiveness. strategic projects aimed at increasing and knowledge. efficiencies, removing duplication and Investment reducing costs across the university, Reporting and management while improving service standards and financial reporting and controls. forecasting

The Investment and Capital Management A continued focus on the procurement The University has implemented the Office provides leadership in all matters process resulted in the increased new International Financial Reporting relating to investment and balance sheet utilisation of corporate cards, the Standards in time for presentation in management. Central to this overall increased use of preferred suppliers, cost the 2005 Annual Financial Report. The objective is the skilful and prudent reductions and streamlined processes. University’s reporting on a calendar- investment management of the In line with this, various new policies have year basis means that it is one of the University’s long-term and short-term been implemented for procurement in earliest reporting entities under the funds, across the various investment general as well as travel and non- new Accounting Standards. products and asset sectors. For the 12 allowable expenses. In recognition of months ended 31 December 2005, the the travel processes, policies and Hyperion Planning was introduced during overall performance of the Investment systems, the Australian Business Travel the year to provide an improved capacity Portfolio exceeded the market benchmark Association awarded the University its to implement best practice budgeting by 1.2 per cent. top award for 2005. and forecasting capability as the 34

University moves toward a three- and Enhanced risk Internal Audit program five-year forecasting horizon, in line with the University’s Strategic Plan. management and The University’s Internal Audit and Review governance provides University management with an independent assessment of the adequacy Financial Strategy and These activities are led by the Office of and effectiveness of University operations. Planning Unit General Counsel, which is responsible for The 2005 Internal Audit program was The University of Sydney overall coordination of the provision of closely linked to the core and support During 2005 the position of Director, legal services for the University, and for areas which underpin the University’s Financial Strategy and Planning, was providing legal advice to the Senate, Strategic Directions. As a result it had a created to integrate the planning, Chancellor, Vice-Chancellor and senior strong focus on assessing the adequacy budgeting and management reporting executives and officers of the University. and effectiveness of the University’s functions and provide financial input (See also Legal Affairs section on page 55.) identification and management of risk. into strategic decisions made by the There were significant changes in Considerable resources were also University, as they impact on the student governance for the University, introduced allocated to tasks aimed at addressing load mix and financial sustainability of late in 2004 and in 2005. In order to be inefficient practices and developing the University. eligible for additional Commonwealth best practice processes and structures across the University, while enhancing The Financial Strategy and Planning Grant Scheme funding under section internal controls. Unit serves as the centre for student 33-15 of the Higher Education Support compliance reporting as it relates to Act 2003 (Cth) the University must comply with specific governance criteria student data required by the Departments Consumer response, known as the National Governance of Education, Science and Training Protocols, and new Higher Education guarantee of service (DEST), in conjunction with the Workplace Relations Requirements. responsibilities of the Registrar. The majority of complaints are of a minor (See also Infrastructure and Services nature and are satisfactorily resolved at a Key to the success of the Financial section on page 29.) local level or through established appeals Strategy and Planning Unit are closer Amendments were made to the processes. In 2005 a total of 15 working relationships with the faculties University of Sydney Act 1989 (NSW) complaints were handled at a University and colleges. This is exemplified by the (as amended) to reflect the National level. Two of these complaints related to introduction of balanced scorecard Governance Protocols. A number of major claims of discrimination; two to student reporting in 2005, which is being piloted projects were then carried out by the housing; two to research issues; two to within the College of Humanities and Office to ensure compliance with the Library services; two to employment Social Sciences and will be progressively new legislative requirements, including issues; two to parking and three to other expanded to include the whole University. new Delegations of Authority – matters. Three of these complaints The College of Humanities and Social Administrative Functions, Guidelines were refused or dismissed by external Sciences has also taken a leadership Concerning Commercial Activities and authorities (the Auditor-General, HREOC position by piloting the development of Commercial Activities Register, review or the ADB). Of the remainder, five costing of courses and other costing of Foundations, and review of were resolved by the simple provision initiatives. Cooperative Research Centres (CRCs). of an explanation; four resulted in revised processes; two resulted in a changed outcome and one is yet to be resolved. Jointly withtheUniversityofNew SouthWales: as at31December2005 Academic andadministrativestructure Faculties: College ofHealthSciences Deputy Vice-Chancellor Pharmacy Nursing andMidwifery Medicine Health Sciences Dentistry Pro- Engagement Director, Community International Office Director, University Librarian Registrar Asia Pacific) (International – Chancellor Assistant Pro-Vice- Teaching) (Learning and (Academic and International) Vice-Principal (UniversityRelations) Vice-Chancellor Deputy Vice-Chancellor Opportunity Unit Opportunity Student Equal Director, and Staff Property andServices Director, Campus Resources Officer Chief Information Director, Human (Infrastructure) VICE-CHANCELLOR ANDPRINCIPAL Faculties: College ofHumanitiesandSocialSciences Sydney ConservatoriumofMusic Sydney CollegeoftheArts Law Graduate SchoolofGovernment Education andSocialWork Economics andBusiness Arts Australian GraduateSchoolofManagement Ltd Deputy Vice-Chancellor Office Director, Research Development Director, Research Liaison Office Director, Business Studies Dean ofGraduate (Research and Innovation) SENATE Chief Financial Officer Management Manager, Risk General Counsel Strategy andPlanning Director, Financial Services and Commercial Director, Investments Audit andReview Director, Internal Systems Operations and Director, Financial Finance Director, Corporate Faculties: College ofSciencesandTechnology Veterinary Science Science Engineering Architecture Agriculture, FoodandNaturalResources Registrar Academic Board Pro-Vice-Chancellors and Technology College ofSciences Social Sciences Humanities and College of Sciences College ofHealth 35 Annual Report 2005 36 The Senate

The role of the Senate Fellow to 21 December 2004, and from One Fellow elected by and from the non- 4 May 2005 academic staff for two years from 1 The Senate of the University oversees December 2003, and from 1 December all major decisions concerning the Mr Alan Cameron AM 2005 to 31 May 2007 conduct of the University, including BA LLM staff appointments and welfare, student Fellow from 20 February 2004 Ms Kim Wilson MA welfare and discipline, financial matters Mr David M Hoare

The University of Sydney and the physical and academic BEc, FCPA Fellow from 1 December 2001 development of the University. Fellow from 1 January 1998 It awards all degrees and diplomas and Mr John A McCarthy QC One Fellow elected by and from the is responsible to the Parliament of NSW. LLM Virg BA LLB undergraduate students of the University for Under the University of Sydney Act Fellow from 4 August 1995 one year from 1 December 2004 and 1 December 2005 1989, the Senate comprises 22 The Hon Henry S-L Tsang OAM Ms Joanna (Jo) E Haylen Fellows who hold office for differing BArch UNSW DipBdgSc, MLC periods under various categories of Fellow to 30 November 2005 membership. The Chair of the Academic Ms Rose Jackson Fellow to 21 December 2004, and from Board and the Vice-Chancellor and 4 May 2005 Fellow from 1 December 2005 Principal are both ex-officio members Mrs Margaret Varady of the Senate. The Senate elects the BSc Otago MEd UNSW DipEd Auck, FACE Chancellor for a term of office of four One Fellow elected by and from the Fellow from 1 January 2002 postgraduate students of the University for years and the Deputy Chancellor for a one year from 1 December 2004 and 1 term of two years. December 2005 There are 11 committees of Senate One Fellow appointed by Senate for three Mr Jack K Clegg (see pages 37-38). years to 28 February 2007: BLibStud Ms Kim Anderson Fellows of the Senate DipLibInfSc UTS BA In 2005 the Senate comprised: Fellow from 1 March 2004 Five Fellows elected by and from the graduates of the University for four years from 1 Chancellor Elected December 2001 and 1 December 2005 The Hon Justice GFK Santow OAM Four Fellows elected by and from the Mr Bohdan Bilinsky BA LLM academic staff for two years from 1 Chancellor from 2 October 2001 December 2003, and from 1 December MA LLM 2005 to 31 May 2007 Fellow to 30 November 2005 Deputy Chancellor Professor Roslyn Bohringer Dr Michael C Copeman Emeritus Professor Ann E Sefton AO BSc PhD MEdAdmin UNSW DPhil Oxf MBBS BA BSc(Med) MB BS PhD DSc Fellow from 1 December 2005 Fellow to 30 November 2001 and from 1 (a Fellow elected by and from the graduates Professor Leslie D Field of the University) December 2005 PhD DSc, FAA FRACI CChem Deputy Chancellor from 20 February 2004 Mr R Bruce Corlett Fellow to 31 March 2005 BA LLB Professor Margaret A Harris Vice-Chancellor and Principal Fellow to 30 November 2005 Professor Gavin Brown PhD Lond MA Dr Robin B Fitzsimons MA StAnd PhD Newcastle(UK) HonLLD StAnd Fellow from 1 December 2001 HonLLD Dundee, FAA MB BS BSc(Med) PhD, FRACP Dr Suzanne P Jamieson Fellow from 1 December 1997 Fellow from 1 July 1996 BA LLB UNSW GradDipPubSectMgt UTS LLM SJD Ms Irene Kwong Moss AO Chair of the Academic Board Fellow to 30 November 2005 LLM Harv BA LLB Professor John P Carter Associate Professor Anthony F Masters BE PhD DEng, MASCE FIEAust CPEng FTSE BSc Melb PhD ANU, FRACI CChem Fellow from 1 December 2005 Fellow from 7 July 2004 Fellow from 1 December 2003 Emeritus Professor Ann E Sefton AO Ms Janet Mooney BSc(Med) MB BS PhD DSc Appointed BA(Visual Arts) UNSW FineArts GradDipEd MEd Fellow from 1 December 2001 Six external Fellows appointed by the Fellow to 30 November 2005 Mr Adam B Spencer Minister for Education and Training for four years to 31 December 2005: Associate Professor Iqbal Ramzan BA BPharm NZ MSc PhD The Hon John J Aquilina Fellow to 30 November 1995, and from 1 BA DipEd, FACE, MP Fellow from 1 December 2005 December 2001 37

Senate committees as at 31 December 2005 Annual Report 2005

Advisory Committee for the Its membership comprises: A Deputy Vice-Chancellor on the Selection of Candidates for The Chair of the Committee appointed nomination of the Vice-Chancellor Honorary Awards by Senate on the nomination of the (Professor Don Nutbeam) Chancellor after consultation with the This Committee considers annually Chair of the Finance Committee (and Five other Fellows, elected by Senate: suggestions for honorary degrees and should not be a member of University Mr Alan Cameron honorary fellowships, and submits a of Sydney staff or student): Dr Robin Fitzsimons report and recommendations to Mr Alan Cameron Senate. Not less than one or more than three Professor Margaret Harris Fellows of Senate appointed by Its membership comprises: Finance Committee Senate after consultation with the Ex-officio: Chancellor, Vice-Chancellor and Chair The primary role of this Committee is The Chancellor (The Hon Justice Kim of the Finance Committee (none of to monitor management’s effectiveness whom should be members of Santow) in ensuring the financial sustainability of University of Sydney staff or The Deputy Chancellor (Emeritus students): the University of Sydney by providing Professor Ann Sefton) Ms Irene Moss an overview of the financial impact of strategic considerations, reviewing The Vice-Chancellor and Principal Mrs Margaret Varady (Professor Gavin Brown) budget and planning priorities, One or two co-opted external evaluating budget proposals, and The Chair of the Academic Board members, with appropriate oversight of resource and capital (Professor John Carter) professional expertise and experience, appointed by Senate (by convention, allocation. The Deputy Vice-Chancellors after consultation by the Chair of the Its membership comprises: (non-voting): Committee with the Chancellor, Vice- Ex-officio: Academic (Professor John Hearn) Chancellor and Chair of the Finance Committee): The Chancellor Infrastructure (Acting) (Professor Ann Mr Paul Davis The Deputy Chancellor Brewer) Mr David Smithers The Vice-Chancellor and Principal Research and Innovation (Acting) (Professor Don Nutbeam) Chair Appointments Committee The Chair of the Academic Board Not more than six other Fellows, This Committee approves offers of The Chair of the Finance Committee elected by Senate: appointment at a professorial level, elected by Fellows of Senate annually: Ms Kim Anderson promotions to professor, the awarding Mr David Hoare Dr Robin Fitzsimons of the title of professor, proposals for Two other Fellows elected by Fellows the establishment of/change of name of Senate annually: Professor Margaret Harris of named lectureships, senior Associate Professor Anthony Masters Mr John McCarthy lectureships, associate professorships Three other Fellows appointed by and chairs, and advises the Vice- Audit and Risk Management Senate annually on the nomination of Chancellor on appropriate procedures Committee the Chair of the Finance Committee, relating to senior academic this to be done at the Senate meeting The role of this Committee is to ensure appointments. next following the election of a Chair and the other two positions, and after effective management of financial and Its membership comprises: non-financial risks; reliable management the Chair has consulted with Fellows Ex-officio: of Senate, having regard to the balance and financial reporting; compliance with The Chancellor of expertise on the Committee: laws and regulations; maintenance of The Deputy Chancellor Ms Kim Anderson an effective and efficient internal audit capability; and maintenance of an effective The Vice-Chancellor and Principal Mr Jack Clegg and efficient risk management capability. The Chair of the Academic Board Mr John McCarthy 38

Two external members appointed by important for Senate to be made aware Its membership comprises: Senate every two years: of, and to report regularly to Senate. Ex-officio: Mr John Trowbridge Its membership comprises: The Chancellor Ms Meredith Scott Ex-officio: The Deputy Chancellor Nominations Committee The Vice-Chancellor and Principal The Vice-Chancellor and Principal This Committee was established in The Chair of the Academic Board The Dean of Graduate Studies The University of Sydney 2005 as a mechanism pursuant to the The Executive Director, Sydney (Professor Masud Behnia) National Governance Protocols University Sport (Mr Greg Harris) The Chair of the Academic Board’s requiring a systematic process for non- The President, Sydney University Graduate Studies Committee elected appointments to Senate. Sport (Mr Bruce Ross) (Associate Professor Anthony Masters) Its membership comprises: The Senior Vice-President, Sydney Ex-officio: University Sport (Ms Denise Wee) Four other Fellows (by convention The Chancellor including the Postgraduate Student Undergraduate Fellow of Senate (Ms Fellow of Senate), elected by Senate: The Deputy Chancellor Rose Jackson) Mr Alan Cameron The Vice-Chancellor and Principal Postgraduate Fellow of Senate (Mr Mr Jack Clegg The Chair of the Academic Board Jack Clegg) Mr Adam Spencer Three Fellows who are external Not less than three Fellows of Senate, Three members of the Graduate persons (within the meaning of elected by Senate: Studies Committee (nominated by the section 9 (9) of the Act), appointed to Associate Professor Anthony Masters Chair of the Graduate Studies the Committee by the Senate: Committee), appointed by Senate: Mr John McCarthy (Chair) Ms Kim Anderson Associate Professor Warren Julian Mr Adam Spencer Dr Robin Fitzsimons Associate Professor Neville Weber Not less than three alumni Remuneration Committee Four SUPRA nominees (varies each representatives, including at least one meeting) This Committee deals with matters female alumni representative or relating to the remuneration and alternate, recommended by the Student Academic Appeals performance evaluation of the Vice- Executive Director, SU Sport and Committee appointed by Senate: Chancellor and the senior executive. This Committee hears appeals by Mr John Boultbee Its membership comprises: students against academic decisions Ex-officio: Mr Peter Montgomery made by Schools, Faculties or Principal Officers of the University. The Chancellor Ms Ann Titterton Its membership comprises: The Deputy Chancellor Senate/SRC Liaison Committee Ex-officio: The Chair of the Finance Committee This Committee is a forum for the SRC The Chancellor (Mr David Hoare) to discuss policy matters relating to The Deputy Chancellor One person appointed from outside undergraduate students with Senate. the University, appointed by Senate: The Vice-Chancellor and Principal Its membership comprises: Mr Ian Johnson The Chair of the Academic Board Ex-officio: An additional member appointed by The Chancellor The Deputy Chair of the Academic Senate: Board (or nominee of the Chair of the The Deputy Chancellor The Hon John Aquilina Academic Board) The Vice-Chancellor and Principal But such composition would not Two student Fellows of Senate: include staff or student Fellows or any Four other Fellows (by convention Ms Rose Jackson appointee (including as above) for including the Undergraduate Student whom there could be persistent issues Fellow of Senate), elected by Senate: Mr Jack Clegg of conflict, actual or perceived. Mr Alan Cameron Two Fellows of Senate who are not members of the academic staff, Senate/Sports Liaison Committee Ms Rose Jackson elected by Senate: This Committee is a forum for Sydney Mr Adam Spencer Mr Adam Spencer University Sports representatives to Four SRC nominees (varies each Mrs Margaret Varady liaise with Senate and the University meeting) administration to discuss issues Student Appeals Committee relating to the objectives and strategies Senate/SUPRA Liaison Committee (Exclusions and Re-admissions) listed in the University of Sydney This Committee is a forum for SUPRA This Committee hears and determines Mission Statement for Sport, or to discuss policy matters relating to appeals by students who have been matters which SU Sport feels it is postgraduate students with Senate. 39

excluded in accordance with the University of Sydney Meetings of the Senate (Coursework) Rule 2000, and students who have applied for Attendance at Senate in 2005 was as follows: readmission to an award course or re-enrolment in a unit of study after a period of exclusion and who have been refused readmission or re-enrolment.

Its membership comprises: Annual Report 2005 Ex-officio: The Chancellor The Deputy Chancellor The Vice-Chancellor and Principal The Chair or Deputy Chair of the Academic Board Formal Senate meetings attended, including a special meeting of Senate plus a Retreat Maximum possible The Hon Justice G F K Santow OAM 10 10 The student Fellows: Emeritus Professor A E Sefton AO 9 10 Ms Rose Jackson Professor G Brown 9 9 Mr Jack Clegg Professor J P Carter 8 10 Up to four other Fellows, elected by Senate: Ms K E W Anderson 8 10 Professor Margaret Harris The Hon J J Aquilina MP 5 7 Mr Adam Spencer Mr B Bilinsky 9 9 Ms Kim Wilson Professor R Bohringer 1 1 Mr A Cameron AM 10 10 Mr J K Clegg 9 10 Dr M C Copeman - 1 Mr R B Corlett 9 9 Professor L D Field - 3 Dr R B Fitzsimons 10 10 Professor M A Harris 9 10 Ms J E Haylen 9 9 Professor T Hirst (Acting Vice-Chancellor) 1 1 Mr D M Hoare 9 10 Ms R Jackson 1 1 Dr S P Jamieson 6 9 Associate Professor A F Masters 10 10 Mr J A McCarthy QC 8 10 Ms J Mooney 5 6 Ms I K Moss AO 1 1 Associate Professor I Ramzan 1 1 Mr A B Spencer 8 10 The Hon H S-L Tsang OAM, MLC 4 7 Mrs M Varady 10 10 Ms K Wilson 10 10 40

Principal officers of the University as at 31 December 2005 The University of Sydney

Chancellor Chief Financial Officer Vice-Principal, University Relations The Hon Justice Kim Santow OAM Mr Borislav (Bob) J Kotic Mr Don Wilson BA LLM BBus NSWIT MEc Macq, FCPA MBA BS Bryant

Deputy Chancellor Pro-Vice-Chancellor, Registrar Emeritus Professor Ann Sefton AO College of Health Sciences Dr William Adams BSc(Med) MB BS PhD DSc Professor Don Nutbeam BSc LLB PhD UNSW BEd MA PhD S’ton, FFPHM Vice-Chancellor Chair of the Academic Board Professor Gavin Brown Pro-Vice-Chancellor, Professor John Carter MA StAnd PhD Newcastle(UK) HonLLD StAnd College of Humanities and Social Sciences BE PhD DEng MASCE, FIEAust CPEng FTSE HonLLD Dundee, FAA Professor June Sinclair University Librarian BA LLB LLD Witw Deputy Vice-Chancellor Mr John Shipp (Academic and International) Pro-Vice-Chancellor, BA Macq BA W’gong DipEd Macq DipArchiveAdmin Professor John Hearn College of Sciences and Technology UNSW, FALIA MSc Dublin PhD ANU Professor Beryl Hesketh General Counsel BA (Hons) Cape Town MA Wellington PhD Massey, Deputy Vice-Chancellor FAPsS FASSA Ms Nancy Dolan (Research and Innovation) BA Cant LLB Well Professor Tim Hirst Pro-Vice-Chancellor BSc Kent DPhil York (Learning and Teaching) Professor Judyth Sachs Acting Deputy Vice-Chancellor (Infrastructure) BA PhD Qld MA WMich DipTeach Kelvin Grove CAE Professor Ann Brewer BA Macq MCom PhD UNSW 41

Deans of faculties as at 31 December 2005 Annual Report 2005

College of Health Sciences College of Humanities and Social Sciences College of Sciences and Technology

Dean, Faculty of Dentistry Dean, Faculty of Arts Dean, Faculty of Agriculture, Food and Professor Eli Schwarz KOD Professor Stephen Garton Natural Resources DDS Copenhagen MPH Jerusalem PhD PhD UNSW BA, FAHA FASSA FRAHS Professor Les Copeland Copenhagen, FHKAM FCDHK FACD BSc PhD, FRACI CChem Dean, Faculty of Economics and Business Dean, Faculty of Health Sciences Professor Peter Wolnizer Dean, Faculty of Architecture Professor Gwynnyth Llewellyn BEc Tas MEc PhD, FCA FCPA Professor Gary Moore BA Med DipContEd UNE DipOT NSWCollOT PhD BArch Calif MA PhD Clark, RAIA PIA FAPA Dean, Faculty of Education and Social Work Dean, Faculty of Medicine Professor Derrick Armstrong Dean, Faculty of Engineering Professor Andrew J S Coats BA UCLond MA PhD Lanc Professor Gregory J Hancock MB BChir Camb MA DM Oxf MBA LondBus DSc BE BSc PhD DEng, FTSE FIEAust CPEng Lond, FRACP FRCP FESC FACC FAHA FCSANZ Dean, Faculty of Law Professor Ron McCallum Dean, Faculty of Science Dean, Faculty of Nursing and Midwifery BJur LLB Monash LLM Qu Professor David A Day Professor Jocalyn Lawler BSc PhD Adel DipTeach Adelaide TC CertOpThNursing BSocSc MEd UNE PhD UNSW Director and Dean, Sydney College of the Arts AssDipNursEd Armidale CAE, RN FCN(NSW) Professor Ron Newman Dean, Faculty of Veterinary Science Acting Dean, Faculty of Pharmacy ASTC NAS GradDipHEd UNSW, HLFDIA Professor Leo Jeffcott MA Camb BVetMed PhD Lond DVSc Melb Associate Professor Iqbal Ramzan Dean, Sydney Conservatorium of Music VetMedDr Uppsala, FRCVS DipPharm CIT(NZ) MSc PhD Professor Kim Walker Dean, Research and Development ENPL Stan Premier Prix de Virtuosite Conservatoire de Geneva Premier Prix de Professor David Burke AO Virtuosite Curtis Institute of Music Dean of Graduate Studies MD DSc UNSW MB BS, FAA FTSE FRACP Professor Masud Behnia Jointly with the University of New South Wales MSME PhD Purdue, FIEAust FASME MAIAA CPEng PE(USA) Dean and Director, Australian Graduate School of Management Professor Robert McLean BEc UNE MBA Columbia 42 The University of Sydney as at31December2005 research centres Federal government-funded Organisation (NANO) Nanostructural AnalysisNetwork Gemini andSquare Kilometre Array Australian Proteome AnalysisFacility Major NationalResearch Facilities Key Centre forPolymerColloids Centres ofTeaching andResearch Australian Research CouncilKey Ecological ImpactsofCoastalCities Special Research Centres Australian Research Council Functional Microbial Genomics ARC Centre ofExcellenceinStructuraland Biology ARC Centre ofExcellenceinPlantEnergy ARC Centre Science ofExcellenceinVision Chemistry andBiotechnology ARC Centre ofExcellenceforFree Radical Metals ARC Centre ofExcellenceinDesignLight Technology Australia(NICTA) National InformationandCommunication Optical Systems(CUDOS) Centre forUltrahigh-bandwidthDevices Centre forQuantumComputing Centre forAutonomousSystems Centres ofExcellence Australian Research Council Construction Innovation Cooperative Research Centre for Implant SpeechandHearingResearch Cooperative Research Centre forCochlear and Airways Cooperative Research Centre forAsthma Composite Structures Cooperative Research Centre forAdvanced Centre Capital MarketsCooperativeResearch Research Centre Australian SheepIndustryCooperative Centre Australian PoultryCooperativeResearch Centre Australian PhotonicsCooperativeResearch Research Centre Australian InvasiveAnimalCooperative Centre forEmerging InfectiousDisease Australian BiosecurityCooperativeResearch Cooperative Research Centres Research andTraining Interdisciplinary ClinicalandHealthEthic Clinical Centre ofResearch Excellencein Renal Medicine Centre forClinicalResearch Excellencein Improve OutcomesinChronic LiverDisease Centre forClinicalResearch Excellenceto Clinical Research Excellence Research CouncilCentresof National HealthandMedical The Vision CooperativeResearchThe Vision Centre Industry Production CRC foranInternationallyCompetitivePork Research Centre Cotton CatchmentCommunitiesCooperative Structures Cooperative Research Centre forWelded Added Wheat Cooperative Research Centre forValue Sustainable Rice Cooperative Research Centre for Sustainable Resource Processing Cooperative Research Centre for Internet Technology Cooperative Research Centre forSmart Cooperative Research Centre forPolymers Cooperative Research Centre forMining Grain FoodProducts Cooperative Research Centre forInnovative Dairy Products Cooperative Research Centre forInnovative Student statistics oa 0271,7 4301,0 14,609 236 67 15,707 668 2777 37 130 686 14,360 108 2874 1889 7256 2673 11,676 725 43 2926 130 77 7211 1949 2555 10,287 2618 714 2005 80 26 6290 1751 68 2511 2004 1986 686 4568 1473 61 25 2544 2003 49 1671 892 674 3814 783 941 2002 0 698 1043 794 681 1175 996 114 2001 626 672 5481 953 70 668 129 1045 762 5639 907 925 621 2045 112 5835 62 703 125 2021 2319 180 880 5352 618 99 664 2040 2203 75 32 1193 160 365 125 635 889 1868 2119 1247 637 73 1165 0 119 371 139 778 1974 1289 177 1235 152 1202 1332 949 654 1227 94 361 95 871 Total 140 1166 1245 3029 126 1279 0 4288 Cross-institutional (postgraduate) 586 5397 359 999 981 1182 3105 116 162 995 78 4392 Non-award (postgraduate) 119 5301 1066 3055 582 88 880 762 4546 102 Graduate certificate 125 172 836 4235 987 2910 94 547 7208 4403 553 Diploma (postgraduate) 3855 14,609 819 4826 447 491 75 204 834 87 1336 6828 958 Postgraduate (preliminary) 906 1324 610 874 1354 7011 2732 4314 487 2893 481 Masters (coursework) 263 813 1220 15,707 937 0 81 830 1257 7350 2804 577 Masters (research) 4251 869 1140 492 502 3547 727 1059 1043 908 2743 7249 802 Doctorate (coursework) 985 545 79 710 1013 413 2326 4538 533 3360 0 1063 7217 PhD 14,360 4073 964 584 543 1023 6370 Higher doctorate 746 2582 277 3558 4081 3634 1016 2006 5124 908 2618 603 2005 0 Enrolment level 647 2005 4095 284 3257 3409 11,676 2563 2004 3900 6165 Postgraduate 3841 503 enrolmentsbylevel2001–2005 3488 833 3221 3447 521 2497 2003 280 1466 31,357 n/a 5815 2004 2774 2002 2708 452 882 3338 Special Programs 626 6047 2005 280 3583 2006 1650 10,287 2524 0 Veterinary Science 2004 2148 6442 31,589 836 608 3257 3840 2003 Sydney ConservatoriumofMusic 3456 1660 2215 2201 3221 3770 2002 740 Sydney CollegeoftheArts 610 2003 2240 0 2005 2774 3662 2755 2422 Science 1874 31,834 144 3113 2004 538 0 3474 11,358 2003 Rural Management 159 2002 3148 1588 16,009 1972 Pharmacy 2005 2002 n/a Nursing &Midwifery 11,1171 30,744 153 2758 2054 Medicine 16,003 144 n/a 2004 Law 11,262 1661 689 Health Sciences 29,695 2001 n/a Graduate SchoolofGovernment 16,226 2640 723 Engineering 2003 10,774 683 Education &SocialWork 1712 Economics &Business 596 15,669 Dentistry 2702 10,339 2002 Australian GradSchofManagement Arts 14,942 Architecture Agriculture, Food&NaturalResources 2001 Faculty Undergraduate andpostgraduateenrolmentsbyfaculty2002–2005 Total (male) Part-time (female) Part-time Full-time (male) Full-time (female) Enrolment status Postgraduate enrolments2001–2005 Total (male) Part-time (female) Part-time Full-time (male) Full-time (female) Enrolment status Undergraduate enrolments2001–2005 negaut otrdaeTotal Postgraduate Undergraduate 11125 00003 43 Annual Report 2005 44 The University of Sydney vrl en 86 03 9. 18 91.75 91.85 90.5 90.35 88.6 76.30 92.75 96.15 99.75 77.6 81.380.5578.65 89.95 100 92.15 92.693.9 9998.9598.7599.25 99.55 99.65 99.8 90.85 100 92.35 89.30 93.50 92.8 93.592.993.1 82.7 85.3588.9590.05 92.75 100 86.55 87.989.4 2.8 89.6 94.30 91.35 94.694.3 83.95 88.95 5.8 27.7 100 93.6594.495.4 3.9 86.15 95.55 86.4586.884.487.1 86.45 86.988.8 published. 14.7 was 26.6 3.8 report annual 2001 the 100 5.5 34.8 5.3 since 3.1 recalculated been 2.7 0.3 have 20.2 UAIs Mean 2001 for *Figures 30.5 25.1 7.1 5.6 5.5 3.4 0.5 Overall mean 13.7 2.2 Veterinary 36.4 26.9 Science 5.9 5.2 5.2 4.1 Nursing 15.5 0.5 Liberal 4.2 38.3 Science Law 26.6 15 6.4 Health 4.1 4.6 2.2 Engineering 0.3 34.4 Studies Education Economics 93.45 5 Sciences Arts 4.6 3.2 Architecture 0.6 Agriculture t in studies degree their completed Mean UAIsforstudentscommencingattheUniversityofSydney, 2001–2005 who residents permanent and citizens Australian – survey the of date the to refers year The Total Unavailable forworkorstudy notseekingfull-timework Working part-time, seekingfull-timework Working part-time, workonly Not working,seekingpart-time Not working,seekingfull-timework Other employment* Private sector 94.4 Public sector study Further Major destinationsofUniversitySydneyfirst-degreegraduates,2001–2005 95.65 95.65 95.35 Note: data are included only for those degrees for which entry is via the UAC system, excluding students admitted under flexibl under admitted students excluding system, UAC the via is entry which for degrees those for only included are data Note: * “Other employment” includes those working in educational and non-profit organisations. non-profit and educational in working those includes employment” “Other * admissions schemes. admissions 0120 0320 2005 2004 2003 2002 2001 2005 2004 2003 2002 2001 %%%%% he previous year. previous he e entry or special or entry e 45

Human resources as at 31 March 2005 Annual Report 2005

Academic staff by level, appointment term and gender No. of % of level who % of women No. of % of level % of men Classification level women are women at this level men who are men at this level TOTAL Tenured Level E & above $117,688+ 36 14.6 6.2 211 85.4 24.8 247 Level D $91,363 – $100,652 62 30.5 10.6 141 69.5 16.6 203 Level C $75,879 – $87,493 175 40.1 29.9 261 59.9 30.7 436 Level B $61,942 – $73,556 269 55.5 46.0 216 44.5 25.4 485 Level A $43,360 – $58,843 43 67.2 7.4 21 32.8 2.5 64 Sub-total 585 40.8 100.0 850 59.2 100.0 1435 Fixed term Level E & above $117,688+ 22 22.9 4.1 74 77.1 12.1 96 Level D $91,363 – $100,652 19 26.0 3.5 54 74.0 8.8 73 Level C $75,879 – $87,493 55 43.7 10.3 71 56.3 11.6 126 Level B $61,942 – $73,556 166 47.8 31.0 181 52.2 29.5 347 Level A $43,360 – $58,843 274 53.9 51.1 234 46.1 38.1 508 Sub-total 536 46.6 100.0 614 53.4 100.0 1150 Total 1121 43.4 100.0 1464 56.6 100.0 2585

General staff by level, appointment term and gender No. of % of level who % of women No. of % of level % of men Classification level women are women at this level men who are men at this level TOTAL Tenured HEO 10 & above $75,962 43 46.2 3.3 50 53.8 5.0 93 HEO 9 $71,062 – $74,983 57 42.2 4.3 78 57.8 7.8 135 HEO 8 $61,276 – $69,107 112 44.4 8.5 140 55.6 14.0 252 HEO 7 $54,747 – $59,643 160 56.5 12.2 123 43.5 12.3 283 HEO 6 $49,851 – $53,767 277 61.6 21.1 173 38.4 17.3 450 HEO 5 $43,323 – $48,544 322 69.8 24.5 139 30.2 13.9 461 HEO 4 $40,059 – $42,343 228 69.5 17.3 100 30.5 10.0 328 HEO 3 $35,163 – $39,080 53 43.8 4.0 68 56.2 6.8 121 HEO 2 $33,531 – $34,510 55 30.9 4.2 123 69.1 12.3 178 HEO 1 & below <=$32,552 8 61.5 0.6 5 38.5 0.5 13 Sub-total 1315 56.8 100.0 999 43.2 100.0 2314 Fixed term HEO 10 & above $75,962 25 35.2 3.6 46 64.8 11.8 71 HEO 9 $71,062 – $74,983 26 51.0 3.7 25 49.0 6.4 51 HEO 8 $61,276 – $69,107 69 63.9 9.9 39 36.1 10.0 108 HEO 7 $54,747 – $59,643 120 67.4 17.1 58 32.6 14.9 178 HEO 6 $49,851 – $53,767 150 68.5 21.4 69 31.5 17.7 219 HEO 5 $43,323 – $48,544 201 70.3 28.7 85 29.7 21.8 286 HEO 4 $40,059 – $42,343 55 65.5 7.9 29 34.5 7.4 84 HEO 3 $35,163 – $39,080 39 69.6 5.6 17 30.4 4.4 56 HEO 2 $33,531 – $34,510 12 50.0 1.7 12 50.0 3.1 24 HEO 1 & below <=$32,552 3 23.1 0.4 10 76.9 2.6 13 Sub-total 700 64.2 100.0 390 35.8 100.0 1090 Total 2015 59.2 100.0 1389 40.8 100.0 3404

Combined totals of academic and general staff by appointment term and gender No. of % of No. of % of Appointment term women women men men TOTAL Tenured 1900 50.7 1849 49.3 3749 Fixed term 1236 55.2 1004 44.8 2240 Total 3136 52.4 2853 47.6 5989 46

Academic staff by level, appointment term and gender 2001–2005 2001 2002 2003 2004 2005 No. of No. of No. of No. of No. of No. of No. of No. of No. of No. of Classification level women men TOTAL women men TOTAL women men TOTAL women men TOTAL women men TOTAL Tenured Level E & above 31 175 206 35 166 201 37 188 225 38 209 247 36 211 247 Level D 49 178 227 46 180 226 52 158 210 58 148 206 62 141 203

The University of Sydney Level C 145 266 411 140 238 378 151 238 389 158 256 414 175 261 436 Level B 234 165 399 240 181 421 265 198 463 287 207 494 269 216 485 Level A 61 36 97 58 27 85 51 24 75 46 26 72 43 21 64 Sub-total 520 820 1340 519 792 1311 556 806 1362 587 846 1433 585 850 1435 Fixed term Level E & above 14 60 74 16 66 82 17 73 90 17 60 77 22 74 96 Level D 16 47 63 17 49 66 14 61 75 13 53 66 19 54 73 Level C 30 79 109 39 81 120 50 84 134 50 72 122 55 71 126 Level B 134 144 278 134 129 263 134 197 281 140 161 301 166 181 347 Level A 185 199 384 198 208 406 208 195 403 247 206 453 274 234 508 Sub-total 379 529 908 404 533 937 423 560 983 467 552 1,019 536 614 1150 Total 899 1349 2248 923 1325 2248 979 1366 2345 1054 1398 2452 1121 1464 2585

General staff by level, appointment term and gender 2001–2005

2001 2002 2003 2004 2005 No. of No. of No. of No. of No. of No. of No. of No. of No. of No. of Classification level women men TOTAL women men TOTAL women men TOTAL women men TOTAL women men TOTAL Tenured HEO 10 & above 30 35 65 42 50 92 34 44 78 32 47 79 43 50 93 HEO 9 31 70 101 36 70 106 40 75 115 49 72 121 57 78 135 HEO 8 92 111 203 98 121 219 102 135 237 108 141 249 112 140 252 HEO 7 112 117 229 127 113 240 137 122 259 157 127 284 160 123 283 HEO 6 217 152 369 257 155 412 261 159 420 260 168 428 277 173 450 HEO 5 280 127 407 289 130 419 313 131 444 328 146 474 322 139 461 HEO 4 220 122 342 215 111 326 224 110 334 217 104 321 228 100 328 HEO 3 70 74 144 69 71 140 62 71 133 61 72 133 53 68 121 HEO 2 73 154 227 60 140 200 60 136 196 58 131 189 55 123 178 HEO 1 & below 3033149514125178513 Sub-total 1128 962 2090 1196 962 2158 1242 988 2230 1282 1013 2295 1315 999 2314 Fixed term HEO 10 & above 30 35 65 22 36 58 24 29 53 21 43 64 25 46 71 HEO 9 17 12 29 13 14 27 17 19 36 20 29 49 26 25 51 HEO 8 44 32 76 45 36 81 58 29 87 64 36 100 69 39 108 HEO 7 62 42 104 83 39 122 83 37 120 119 57 176 120 58 178 HEO 6 137 75 212 134 58 192 141 64 205 144 72 216 150 69 219 HEO 5 183 66 249 146 66 212 148 72 220 189 90 279 201 85 286 HEO 4 82 37 119 71 19 90 76 18 94 64 29 93 55 29 84 HEO 3 33 17 50 28 11 39 40 11 51 47 13 60 39 17 56 HEO 2 21 10 31 16 9 25 13 12 25 9 12 21 12 12 24 HEO 1 & below 7 11 18 6 9 15 7 5 12 16731013 Sub-total 616 337 953 564 297 861 607 296 903 678 387 1065 700 390 1090 Total 1712 1245 2957 1692 1259 2951 1803 1258 3061 1960 1400 3360 2015 1389 3404

Combined totals of academic and general staff by appointment term and gender 2004 2005 No. of No. of No. of No. of Classification level women men TOTAL women men TOTAL Tenured 1869 1859 3728 1900 1849 3749 Fixed term 1145 939 2084 1236 1004 2240 Total 3014 2798 5812 3136 2853 5989 Equal employmentopportunity Strategic DevelopmentWorking Group discrimination. AnIndigenousEducation andanti- concerning equalopportunity provide policyadviceonmatters expert Unit continuedthroughout 2005to andStudentEqualOpportunity The Staff discrimination prevention andEEOissues. supervisors inharassmentand andnewmanagers new staff online interactivetrainingprogram for introduce andmonitortheuseofan prevention. In2006,theUniversitywill for harassmentanddiscrimination strategies inform managementoneffective harassment anddiscrimination,to of resolving individualcomplaintsof established toacceleratetheprocess Resources casemanagement teamwas were recommended. In2005,aHuman Resolution Procedure, andsomechanges its HarassmentandDiscrimination During 2004–05,theUniversityreviewed outcomes. reporting onequalopportunity and education,monitoring programs, andstudenttraining staff promotion, targeted action affirmative through policydevelopmentand equity inemploymentandeducation The Universitycommunitypromotes rewarded bytheCommonwealthEqual wasagainacknowledgedand opportunity The University’s commitmenttoequal attheUniversity.staff in thenumberofIndigenousgeneral in 2005includea33percentincrease The EmploymentStrategy’s outcomes coordinated Unit. bytheEqualOpportunity Employment Strategy, whichis the University’s IndigenousAustralians plan willlinkexistingstrategiessuchas on Indigenousandrelated issues.This an annualacross-University actionplan for 2006istodevelopandimplement One oftheWorking Party’s objectives Indigenous Studies,tobefilledin2006. newly created role ofProfessor of Another outcomein2005wasthe August 2005andwillbelaunchedin approved bytheUniversitySenateon19 Reconciliation Statement,whichwas Group draftedaUniversityofSydney Unit,theWorking Equal Opportunity Strategy. theassistanceof With to developandimplementanIndigenous across theUniversityandspecifically, a strategicapproach toIndigenousissues was establishedinlate2004todevelop 2006. report onpages51-52. PriorityStatement the EthnicAffairs areculturally diversestaff detailedin plans inrelation toitslinguisticallyand The University’s achievementsand this area overthenextfiveyears. University’s operationalstrategiesin Action Plan(2006–10)detailsthe people withadisability. TheDisability upgraded toimprove accessibilityfor buildings andfacilities publication –itswebsiteandservices, 2005). TheUniversity’s mo Education (brought inAugust intoeffect Act 1992DisabilityStandards for incorporate theDisabilityDiscrimination at theUniversity, wasreviewed to a disabilityineducationandemployment ofpeoplewith the equitableparticipation Plan, whichdetailsstrategiestoensure In 2005,theUniversity’s DisabilityAction 3000 organisations thatapplied. citation in2005,outofapproximately an EmployerofChoiceforWomen organisations across Australiaobtained Choice forWomen Award. Only115 Agency intheformofanEmployer forWomen intheWorkplaceOpportunity continued tobe st important 47 Annual Report 2005 48

Risk management, insurance and occupational health and safety The University of Sydney

Risk management continues to be problematic across the Committee assessed projects and The University of Sydney is committed university sector in NSW and negotiations facilities involved with gene technology to developing and maintaining policies, with NSW Health are still progressing to and high risk microbes, and the procedures, systems and creating a culture improve the current indemnity Emergency Management Committee to manage risk, quality and efficiency. arrangements. NSW Health has agreed facilitated planning, communication and The University’s broader focus on risk to extend a temporary indemnity to the coordination between the University management is overseen by the Senate’s University for medical malpractice and emergency services personnel on Audit and Risk Management Committee, claims until the end of June 2006. emergency management issues. In response to legislative changes the which met five times during 2005. Workers compensation and injury University formed a Radiation Safety During the year a Risk Management management Policy Statement was developed, Committee (RSC) and appointed a full- The Workers Compensation and Injury endorsed by the Audit and Risk time Radiation Safety Officer to establish Management group ensures that all Management Committee and approved a Radiation Safety Program. Initial workplace injuries are managed to by Senate. Following the completion of emphasis is being given to the reduce the impacts on the injured staff the University’s new five-year Strategic licensing and training of users of member, the capabilities of the work Plan, the colleges and major radioactivity and optimising the number area, and the University’s workers administrative portfolios identified their and standard of registered radiation compensation premium. For 2005 most significant strategic, operational, facilities. An audit of the implementation there was a 10 per cent reduction in financial, resource and external risks. of the University’s occupational health the total number of physical claims These assessments were used as a and safety risk management (ohsrm) compared to the previous year. basis to define the University’s risk program was also conducted during the However, due to changes in the NSW profile, identifying significant risks that first quarter of 2005. Many University WorkCover premium formula, premium need to be managed for the forthcoming staff members continue to be involved costs have increased. The University years. Further risk assessments were with promoting OHS locally and Workplace Injury Management Policy completed on affiliate organisations in performing key functions on behalf of was approved in early 2005 to ensure compliance with the National Governance their colleagues, students and visitors. that systems comply with WorkCover Protocols. First aid officers, building emergency regulations. Human Resources formed wardens and Zone OHS Committee The University’s insurance a Case Management Group in late representatives provided dedicated program 2005, which has commenced training service with support and direction from local and specialised human resource The University of Sydney protects itself the Risk Management Office. The 2005 case managers to assist managers from the financial effects of insurable Peter Dunlop Memorial OHS Award was with the early resolution of conflict and risks by procuring a comprehensive presented to John Robinson (Medical other issues that could result in insurance program complemented by Radiation Sciences) for his leading role workers compensation or other claims. self-funded deductibles and self-insurance in establishing the radiation safety where appropriate. The University’s Occupational health and safety program, including appointment of the insurance program was renewed during key positions mentioned above. The University experienced 267 March and October 2005. There was incidents where employees were injured continued improvement in insurance during work-related activities in 2005. market conditions during 2005, which allowed the University to negotiate Specialised committees continued to broader coverage terms for several play an important steering role policies with an overall reduction in throughout 2005. The Central OHS premium costs. The commercial Committee ensured an appropriate and availability of medical malpractice coordinated approach to OHS risk insurance coverage for staff and students management; the Institutional Biosafety 49

Staff awards 2005 Annual Report 2005

Community awards Staff elected as Promotions to to staff Fellows of academies Professor

Professor Paul Merlin Crossley Officers of the Order of Australia Australian Academy of Humanities Faculty of Science (AO) Professor Penelope Gay Professor Chris Cunneen Professor and Head of School of English Professor John Pollard Faculty of Law Bushell Professor of Neurology and Professor in Dr John Lee Professor Simon Fleming Clinical Neurosciences Honorary Associate, School of Modern Greek Optical Fibre Technology Centre Professor Richard Waterhouse Members of the Order of Australia Professor Penelope Gay Head of School of History (AM) Faculty of Arts Professor Douglas Joshua Australian Academy of Professor Margaret Harding Clinical Professor in Haematology Technological Sciences and Faculty of Science Professor John Morris Engineering Professor Nicholas King Clinical Associate Professor in Neurology Teaching Visiting Professor Hans Coster Faculty of Medicine and Research Professor and Director, Biophysics and Professor Christopher Moran Engineering Professor Chris O’Brien Faculty of Veterinary Science Professor of Surgery Professor Dagan Feng Professor Gregory Murray Associate Dean, Faculty of Science Faculty of Dentistry Order of Australia Medal (OAM) Professor Lin Ye Professor John Rasko Mark Walton Head of School of Aerospace, Mechanical and Faculty of Medicine Chair, Performance Outreach and Mechatronic Engineering Communications, Sydney Conservatorium of Music Professor Kim Rasmussen Faculty of Engineering Professor Simon Ringer Honorary degrees Electron Microscope Unit from other universities Professor John Small Faculty of Engineering Honorary Doctor of Letters, Macquarie University Professor Russell Lansbury Professor of Industrial Relations

Professor John Pollard 50

Honorary awards conferred at 2005 graduations The University of Sydney

15 March 2005 Emeritus Professor Tony Vinson 3 June 2005 Dr E Catherine Hamlin AC MA PhD DipSocStudies Mr Jimmy Little MB BS, FRCS FRANZCOG Emeritus Professor, University of New South HonDUniv QUT Wales Co-founder and current Executive Director of Singer Ethiopia’s Addis Ababa Fistula Hospital Honorary degree of Doctor of Letters in Honorary degree of Doctor of Music Social Work Honorary degree of Doctor of Medicine Mr Peter Joshua Sculthorpe AO MBE 29 April 2005 HonDLitt Tas HonDMus Melb BMus Melb HonDLitt 1 April 2005 Suss DUniv Griffith, FAHA Composer and Emeritus Father Edmund Campion The Hon Bryan Alan Beaumont QC AO Professor of Music, University of Sydney MA Cant BA LLB Honorary degree of Doctor of Music Writer and Emeritus Professor of History, Former Judge of the Federal Court of Catholic Institute of Sydney Australia 4 November 2005 Honorary degree of Doctor of Letters Honorary degree of Doctor of Laws Professor Sir John Meurig Thomas Emeritus Professor Donald Richmond BSc PhD DSc Wales, FRS Mrs Renata R Kaldor AO Horne AO BA DipEd UNSW Honorary Professor of Solid State HonDUniv Griffith HonDLitt UNSW, FAHA Chemistry, University of Cambridge; Former Fellow of Senate and Deputy Writer and lecturer; Emeritus Professor, Emeritus Professor of Chemistry, Davy Chancellor University of New South Wales Faraday Research Laboratory, London Honorary Fellow Honorary degree of Doctor of Letters Honorary degree of Doctor of Science 8 April 2005 Professor Germaine Greer 6 May 2005 MA Mr Richard Leo Tognetti Ms Robyn Archer AO DSCM Syd Performance Dip Berne HonDUniv Feminist author and scholar BA DipEd Adel DUniv Flinders Wollongong Honorary degree of Doctor of Letters Artistic Director and Lead Violin, Australian Writer, singer, performer and director Chamber Orchestra Honorary degree of Doctor of Letters 18 November 2005 Honorary degree of Doctor of Music Mr Phillip Adams AO Rabbi Raymond Apple AO RFD HonDUniv Griffith HonDLitt Edith Cowan, FRSA BA LLB Melb MLitt UNE 15 April 2005 Author, broadcaster and filmmaker; Chair of Trustee of the Mandelbaum Trust; part-time Mr Peter Irving Burrows AO the Board of Advisors to the Centre for the lecturer in Hebrew and Judaic Studies at the BEc, MSDIA Mind University of Sydney; former Senior Rabbi, The Great Synagogue, Sydney President of the Medical Foundation and the Honorary degree of Doctor of Letters Power Institute and Power Foundation for Honorary Fellow Fine Arts; former Fellow of Senate and Chair 20 May 2005 Dr Frank Harland Mills AO of Senate’s Finance Committee The Hon Justice Keith Mason AC MB BS Honorary Fellow BA LLM Pioneer of open heart surgery in the post Professor Fiona Juliet Stanley AC President, NSW Court of Appeal, Supreme World War II era; former General Surgeon, MSc Lond MD WAust Hon DSc Murd, FFPHM UK Court of NSW Royal Prince Alfred Hospital FAFPHM FRANZCOG FASSA FAA Hon FRACP Honorary degree of Doctor of Medicine (a MFCCH Honorary degree of Doctor of Laws presentation ceremony as the honorary Professor of Paediatrics at the University of Mrs Daphne Anne Kok degree was conferred on 27 September Western Australia; Founding Director of TVW BA LLM 2005) Telethon Institute for Child Health Research Magistrate of the Licensing Court NSW; Dr Richard Cawley Madden Honorary degree of Doctor of Medicine former Fellow of Senate and Deputy PSM, PhD Princeton BSc, FIA Lond FIAA Chancellor Director, Australian Institute of Health and Honorary Fellow Welfare Honorary degree of Doctor of Science 51

Ethnic Affairs Priority Statement Report 2005 Annual Report 2005

The University of Sydney is committed Communication Technologies Project NESB students in developing to increasing awareness of, and promoting has created an Internationalisation and attributes of communication and positive values and attitudes towards Diversity Checklist that teachers can ethical, social and professional the diverse cultural, religious and use to ensure that they are considering understanding. linguistic needs of its staff and student the backgrounds, strengths and needs Support to students from non- body and the communities it serves. To of all students. In 2006 the ITL will English speaking backgrounds this end, the University’s Ethnic Affairs form a new working group, with NESB students numbered 10,059 (or Priority Statement links a range of representation from all faculties, 21.88 per cent of all students) at 31 initiatives and strategies to the major dedicated to the work of this project. March 2005. goals of the University’s Strategic Plan. The University’s Generic Graduate The College of Humanities and Social Attributes Project has initiated a range Sciences expanded the range of units Diversity in teaching and learning of faculty-based projects, including: of study aimed at improving students’ In 2005, the Institute for Teaching and the Faculty of Arts Inclusive Equity oral and written communication skills in Learning’s Internationalisation, Global research project, which is producing an academic context. Three of the six Citizenship and Inclusivity Project took a website of resources to support units are specifically designed to address an integrated approach to the inclusion and assist the learning experience of the learning needs of NESB students. To of international and intercultural students including those from non- complement the assistance already perspectives and practices into other English speaking backgrounds available through the Learning Centre, ITL strategic projects. For example, the (NESB) and international students, the Faculty of Arts offered one-on-one First Year Experience Working Group and writing support to its postgraduate has focused on the teaching of culturally the Faculty of Health Sciences NESB students. The Centre for English diverse groups and issues related to project, which provides foundation Teaching (CET) delivered a range of inclusivity, while the Information and English language skills to support 52

quality English language programs on a friends in meeting the cultural needs of and promotion, targeted affirmative fee-for-service basis to 2200 its students and the diverse communities action programs, staff and student international students in 2005. it serves. Several large gifts were training and education, and monitoring The International Student Support Unit received in 2005 for scholarship and and reporting on equal opportunity (ISSU) was integrated within Student research in Chinese Studies and the Hoc outcomes. NESB staff were supported Services in 2005, enhancing support Mai Australian Vietnam Medical Foundation. to attend business English language provided to international students. The University of Sydney Diversity and internationalisation courses, and cross-cultural communication training was provided Research and critical reflection China, Singapore and Hong Kong to staff in various client service areas. The research work of Dr Melissa Butcher maintained their place as the top (Research Institute for Asia and the source countries for international In 2005, a Human Resources case Pacific) on the impact of culture in the students, with significant numbers from management team was established to global workplace received widespread Korea, Malaysia, the United States, accelerate the process of resolving coverage in local and national media Indonesia, India, Canada and Thailand, individual complaints of harassment and during 2005. making a total of 8808 international discrimination, and to inform management The Conservatorium of Music hosted a students (or 18.26 per cent of all on effective strategies for harassment and conference on Music and Social Justice, students) at 31 March 2005. discrimination prevention. which included papers and panel In 2005, more than 612 students from Identified strategies for 2006 discussions on music and cultural overseas universities participated in the hegemony, colonialism, racism, social Study Abroad Program at the University The University will review and update its change and globalisation. of Sydney, while 285 Sydney students and Ethnic Affairs Priority Statement to 277 international students participated align with its Strategic Directions Engagement with the community in the International Student Exchange 2005–2010. The University has The Centre for Peace and Conflict program, many with the support of identified priorities that relate to its Studies held a number of public events University scholarships. New Study Ethnic Affairs Priority Statement, on international issues ranging from Abroad and Exchange agreements including to: genocide in Uganda and West Papua to were signed with 12 international cultivate cultural diversity through global inequalities of wealth. Public universities in Canada, Denmark, curriculum development seminars and lectures covered topics of Japan, the Netherlands and Chile. ensure a diverse and talented community-building and human rights. In 2005, the University of Sydney hosted population of student peers In 2005, the Refugee Language visits from more than 80 overseas provide an effective program of Program coordinated teachers to write delegations. New Memoranda of scholarships and financial assistance letters of support and references to Understanding were signed with 12 politicians, lawyers and DIMIA asking overseas institutions while six Memoranda provide effective language and for consideration for refugees. A were renewed. Two new Cotutelle bridging support for international volunteer trainer held some intensive agreements were also signed. students pronunciation lessons for two Sudanese lead in educational outreach to the Over 400 graduates attended the doctors to prepare them for the broader community, and University’s first graduation ceremony speaking section of the Occupational in Beijing in September. develop and train staff in core English Test for medical professionals. operations and services to best The Office of University Relations extended Managing and promoting cultural practice levels. opportunities for alumni to engage in diversity the life of the University in China and The Staff and Student Equal Opportunity Singapore with the establishment of Unit worked with the University four new alumni chapters. community in 2005 to promote equity The University of Sydney continues to and diversity in employment and encourage support from alumni and education through policy development 53

Freedom of Information Annual Report 2005

Under the NSW Freedom of Information Act 1989, the Section F: Notation of personal records University is required to include in its Annual Report Number of requests for notation processed during the period information on the processing of requests received by the F1 Number of requests for notation 0 (0) University. The tables below show the figures for calendar year 2005 with the figures for 2004 given in brackets. Section G: FOI requests granted in part or refused Basis of disallowing access and number of times each reason cited in relation Section A: Numbers of new FOI requests to completed requests which were granted in part or refused Information relating to the numbers of new FOI requests received, those processed and those incomplete from the previous period Basis of disallowing or restricting access Personal Other FOI requests Personal Other Total G1 Section 19 {application incomplete, A1 New (incl. transferred in) 20 (12) 3 (6) 23 (18) wrongly directed} 0 (0) 0 (0) A2 Brought forward 0 (0) 0 (0) 0 (0) G2 Section 22 {deposit not paid} 0 (0) 0 (0) A3 Total to be processed 20 (12) 3 (6) 23 (18) G3 Section 25(1)(a1) {diversion A4 Completed 19 (11) 3 (6) 22 (17) of resources} 0 (2) 0 (0) A5 Transferred out 0 (0) 0 (0) 0 (0) G4 Section 25(1)(a) {exempt} 9 (6) 1 (2) A6 Withdrawn 0 (1) 0 (0) 0 (1) G5 Section 25(1)(b), (c), (d) {otherwise available} 0 (0) 0 (0) A7 Total processed 19 (11) 3 (6) 22 (17) G6 Section 28(1)(b) {documents not held} 4 (1) 1 (0) A8 Unfinished (carried forward) 1 (0) 0 (0) 1 (0) G7 Section 24(2) {deemed refused, Section B: What happened to completed requests? over 21 days} 0 (0) 0 (0) Completed requests are those on line A4 G8 Section 31(4) {released to Result of FOI request Personal Other Medical Practitioner} 0 (0) 0 (0) B1 Granted in full 8 (5) 1 (4) G9 Totals 13 (7) 2 (2) B2 Granted in part 11 (5) 2 (0) Section H: Costs and fees of requests processed B3 Refused 0 (1) 0 (2) during the period B4 Deferred 0 (0) 0 (0) Requests included in lines A4, A5 and A6 B5 Completed* 19 (11) 3 (6) Assessed costs FOI fees received * Note: The figures on line 5 should be the same as the corresponding ones on H1 All completed A4 requests $1350 ($1175) $430 ($365)

Section C: Ministerial Certificates Section I: Discounts allowed Number issued during the period Numbers of FOI requests processed during the period where discounts were allowed

C1 Ministerial Certificates issued 0 (0) Type of discount allowed Personal Other I1 Public interest 0 (0) 0 (0) Section D: Formal consultations I2 Financial hardship – pensioner/child/student 8 (3) 0 (1) Number of requests requiring consultations (issued) and total number of formal I3 Financial hardship – non-profit organisation 0 (0) 0 (0) consultation(s) for the period I4 Total 8 (3) 0 (1) Issued Total I5 Significant correction of personal records 0 (0) 0 (0) D1 Number of requests requiring formal consultation(s) 2 (2) 2 (2)

Section E: Amendment of personal records Number of requests for amendment processed during the period Result of Amendment Request Total E1 Result of amendment – agreed 0 (0) E2 Result of amendment – refused 0 (0) E3 Total 0 (0) 54

Section J: Days to process Privacy and Personal Information Number of completed requests (A4) by calendar days (elapsed time) taken to process Protection Act Elapsed time Personal Other Section 33 (3) of the NSW Privacy and Personal Information J1 0–21 days 14 (7) 2 (3) Protection Act 1998 (the Act) requires the University to report J2 22–35 days 3 (4) 1 (3) on the actions it has taken to comply with the Act and to J3 Over 35 days 2 (0) 0 (0) The University of Sydney provide statistical details of any review conducted by or on its J4 Totals 19 (11) 3 (6) behalf. The steps the University has taken to comply with the privacy Section K: Processing time legislation include: Number of completed requests (A4) by hours taken to process adding privacy notices to electronic and hard-copy forms Processing hours Personal Other used to collect personal information K1 0–10 hours 15 (10) 3 (5) adding privacy statements to the University’s websites K2 11–20 hours 1 (1) 0 (1) including consideration of privacy issues in the K3 21–40 hours 3 (0) 0 (0) development of University policies, resolutions, rules and K4 Over 40 hours 0 (0) 0 (0) procedures K5 Totals 19 (11) 3 (6) adding warnings against the unauthorised disclosure of personal information to login screens of corporate Section L: Review and appeals computer systems Number finalised during the period administering an awareness and training program on L1 Number of internal reviews finalised 2 (1) privacy legislation and related matters L2 Number of Ombudsman reviews finalised 0 (0) maintaining a privacy website with links to the Privacy L3 Number of District Court appeals finalised 0 (0) Management Plan and other sources of information (www.usyd.edu.au/arms/privacy) Details of internal review results – in relation to reviews finalised during the incorporating a section on privacy in the University period Recordkeeping Manual (available in hardcopy and Bases of internal review Personal Other electronically) Grounds on which internal revising the access and security regime for the University’s review requested Upheld* Varied* Upheld* Varied* corporate recordkeeping system to further enhance L4 Access refused 0 (0) 0 (0) 1 (1) 1 (0) information privacy, and L5 Deferred 0 (0) 0 (0) 0 (0) 0 (0) providing accurate and timely advice on privacy matters to L6 Exempt matter 0 (0) 0 (0) 0 (0) 0 (0) members of the University community. L7 Unreasonable charges 0 (0) 0 (0) 0 (0) 0 (0) L8 Charge unreasonably Reviews conducted under Part 5 incurred 0 (0) 0 (0) 0 (0) 0 (0) L9 Amendment refused 0 (0) 0 (0) 0 (0) 0 (0) of the Privacy and Personal L10 Totals 0 (0) 0 (0) 1 (1) 1 (0) Information Protection Act * Note: relates to whether or not the original agency decision was upheld or varied by internal review. No reviews were conducted under part 5 of the Act during 2005. The number of applications was higher than 2004 with the majority being applications by students or staff seeking documents concerning their personal affairs. Material exempted from such applications generally concerned the personal affairs of others or was legally privileged. Several cases required clarification with applicants resulting in the statutory time period being exceeded. In two applications the absence of staff overseas resulted in delays in obtaining necessary documents. One application covered a very large number of documents which was unable to be processed within the time allowed by the Act. In all these instances the applicants were kept informed of, and agreed with, the progress of their applications. The Act continues to have little impact on the University’s affairs overall. There were no official investigations carried out by the Ombudsman during the year, nor were any matters referred to the NSW Administrative Decisions Tribunal. Legal affairs University are outlinedonpages29-30. The implicationsofthislegislationforthe Commonwealth GrantSchemefunding. in order toqualifyforadditional satisfied byhighereducationproviders workplace relations requirements tobe GPS) surveillance andrequire employers computer and“tracking” (e.g.vehicle 2005. Thenewlawscovercamera, surveillance commencedon7 October New statelawsregulating workplace (NSW) Workplace Act 2005 Surveillance This Actamendedthe (Commonwealth) Requirements) Act2005 Amendment (Workplace Relations Higher EducationLegislation amends the The Work Choices Actsubstantially (Commonwealth) (Work Choices)Act2005 Workplace Relations Amendment will commenceinMarch 2006. December 2005,andmostofitsprovisions The Work ChoicesActwaspassedin ballots forindustrialaction. Workplace Agreements andsecret agreementsof certified andAustralian requirements forthemakingandapproval simplification ofindustrialawards, new employment conditions,further introduction ofnewnationalminimum University. Thesechangesincludethe the Federal system,whichwillaffect significant changestotheexisting the Work ChoicesActalsomakes within theFederalsystem.However, arrangements asitoperatesprimarily University ofSydney’s workplacerelations have limitedpracticalimpactonthe The supersessionofStatelawswill Federal andState-basedsystems. to replace theexistingcombinationof workplace relations regulatory framework Support Act 2003 Act Support 1996 , andestablishesanewnational Workplace Relations Act Relations Workplace to provide fornew Higher Education Higher Commonwealth Commonwealth Attorney-Generalunderthe standards were formulatedbythe introduced The CommonwealthGovernment 2005 (Commonwealth) Disability StandardsforEducation University prior to 1July2006willbe that studentsenrollingeffect at the contains atransitionperiod,with the commences on1January2006, but on 9December2005.TheAct Voluntary StudentUnionism waspassed Commonwealth Government’s policyon tothe Legislation givingeffect Fees) Act2005(Commonwealth) Up-frontStudent Union Compulsory Amendment (Abolitionof Higher EducationSupport obligation canbemetinotherways. the measures isnotrequired ifthe is notreasonable, andcompliancewith requirement tomakeanadjustment each oftheseareas. Thereno is adjustment (with certain adjustment (withcertain provision forthemaking the Actisintroduction ofanexpress areas. Themostsignificant compliance inrespect of and measures fordemonstrating education providers’ legalobligations, standards setoutstudents’rights, of harassmentandvictimisation.The services;andelimination student support development, accreditation anddelivery; enrolment; curriculum participation; to studentswithadisability. Theycover: and trainingshouldbemadeaccessible The standards specifyhoweducation in accordance withtheAct. with adisabilitystandard willbeacting court order.court surveillanceby is alsomadeforcovert surveillance.Provisionother thancovert workplace surveillancearrangements atleast14daysnoticeof to givestaff Act 1992 Act Education 2005 Education . A person acting in in . Apersonacting Disability Standards for Standards Disability Disability Discrimin Disability in August2005.The of a reasonable exceptions) in each ofthese change from accordance ation that legal Court decisionin Court the commencementof agreement madeunderthe that maybeincludedinacertified Bench oftheAIRCconcerningmatters This wasthefirstdecisionofaFull 2005, PR956575] dues andsalary packaging. those relating todeductionofunion validity ofarangeclauses,including the to as decision provided clarification employee relationship. TheSchefenacker totheemployer- matter pertaining contained clausesdealingwith subject be valid,butonlytotheextentthatthey ensured thatsuchagreements would valid. TheAgreement Validation Act subjectmatterwouldbe pertaining” agreements thatcontained“non- andwhetherexisting as “non-pertaining”, agreements)certified wouldberegarded (including variousclausesintheUniversity’s agreementto whetherparticular clauses and itsemployees.Thiscastdoubtsas the relationship betweentheemployer to include matterswhichdidnotpertain agreementthat acertified couldnot In Electrolux, hadheld theHighCourt Validation Act). Re Schefenacker Vision Systems Vision Schefenacker Re Significant caselaw associated subscriptionfrom 2007. any studentassociationortopayan be required tobecomeamemberof Consistent withtheAct,nostudentwill existing UniversitySenateresolutions. 2006 calendaryearinaccordance with relevant studentassociationsforthe required topaythesubscriptionfor Products Pty Ltd v Australian Workers Australian v Ltd Pty Products Relations Amendment (Agreement Amendment Relations Australia Pty Ltd AWU, AMWU Certified AMWU AWU, Ltd Pty Australia Relations Act 1996 Act Relations Union Union Validation) Act 2004 2004 Act Validation) Agreement 2004 & Ors [Australian Ors & 2004 Agreement Industrial Relations Commission, Giudice Commission, Relations Industrial P, Lawler VP and Simmonds C, C, Simmonds and VP Lawler P, [2004] HCA40(Electrolux) and Electrolux Home Electrolux following theHigh (Agreement Workplace Workplace 18 March 55 Annual Report 2005 56 The University of Sydney 2005 Annual Financial Report and Independent Audit Report 2005 58 The University of Sydney 59 Annual Report 2005 60 The University of Sydney 61 2005 Annual

Financial Report Annual Report 2005 62 Income statement for the year ended 31 December 2005

Notes Economic entity Parent entity [Consolidated] [University] 2005 2004 2005 2004 $’000 $’000 $’000 $’000 The University of Sydney Revenue from continuing operations Australian Government financial assistance: Australian Government grants 2.1 421,503 359,535 421,503 359,535 HECS-HELP – Australian Government payments 2.1 82,302 83,450 82,302 83,450 FEE-HELP 2.1 22,750 21,735 22,750 21,735 New South Wales Government financial assistance 2.2 7,587 7,996 7,587 7,996 HECS-HELP – student payments 34,715 30,374 34,715 30,374 Fees and charges 2.3 201,438 197,472 201,438 197,472 Investment income 2.4 82,934 59,617 82,916 59,609 Royalties, trademarks and licences 2.5 3,526 1,044 3,526 1,044 Consultancy and contract research 2.6 76,689 78,012 76,689 78,012 Other revenue 2.7 100,135 94,933 99,144 94,623 Share of net results of associates and joint ventures accounted for using the equity method 34.1 572 (73) 0 0 1,034,151 934,095 1,032,570 933,850 Deferred government superannuation contributions 30 (11,863) 22,955 (11,863) 22,955 Total revenue from continuing operations 1,022,288 957,050 1,020,707 956,805

Expenses from continuing operations Employee benefits and on costs 3.1 550,778 519,508 550,229 518,940 Depreciation and amortisation 3.2 44,488 41,909 44,488 41,909 Repairs and maintenance 3.3 32,248 23,722 32,248 23,722 Borrowing costs 4 0000 Bad and doubtful debts 3.4 304 5,045 304 5,045 Other expenses 3.5 290,050 264,950 289,367 265,175 917,868 855,134 916,636 854,791 Deferred employee benefits for superannuation (11,863) 22,955 (11,863) 22,955 Total expenses from continuing operations 906,005 878,089 904,773 877,746

Operating result before income tax 116,283 78,961 115,934 79,059

Income tax benefit/(expense) 1.5, 5 (317) (14) 0 0

Operating result from continuing operations 115,966 78,947 115,934 79,059

Net operating result for the year 115,966 78,947 115,934 79,059

Net operating result attributable to minority interest 0 (7)00

Net operating result attributable to members of the University of Sydney 115,966 78,954 115,934 79,059

The above Income Statement should be read in conjunction with the accompanying notes. Balance sheet 63 as at 31 December 2005

Notes Economic entity Parent entity [Consolidated] [University] 2005 2004 2005 2004 $’000 $’000 $’000 $’000 Annual Report 2005

Current assets Cash and cash equivalents 8 135,353 152,679 135,229 152,469 Receivables 1.8, 9.1 59,592 52,884 59,334 52,862 Inventories 1.8, 10 239 688 199 654 Available-for-sale financial assets 1.8, 11.1 107,744 105,497 107,522 105,288

Total current assets 302,928 311,748 302,284 311,273 Non-current assets Available-for-sale financial assets 1.8, 11.2 825,152 656,138 825,152 656,138 Investment properties 13 14,425 35,520 14,425 35,520 Other financial assets 12 7,110 6,706 7,110 6,706 Receivables 9.2, 30537,231 541,835 537,231 541,835 Property, plant and equipment 1.8, 14 1,333,282 1,315,833 1,333,282 1,315,833 Heritage assets 1.8, 15 164,677 162,579 164,677 162,579 Library 1.8, 16 493,021 494,086 493,021 494,086 Works in progress 1.8, 18 85,273 58,436 85,273 58,436 Intangible assets 1.11, 17 10,553 9,854 10,552 9,853 Other non-financial assets 19 3,014 2,952 3,014 2,952 Investments using the equity method 34.2 11,483 11,227 0 0

Total non-current assets 3,485,221 3,295,166 3,473,737 3,283,938

Total assets 3,788,149 3,606,914 3,776,021 3,595,211 Current liabilities Bank overdraft 8 0 3,457 0 3,457 Payables 1.9, 20 99,128 64,352 98,632 64,247 Provisions 21.1 51,619 46,890 51,598 46,863

Total current liabilities 150,747 114,699 150,230 114,567 Non-current liabilities Provisions 21.2 634,562 640,543 634,531 640,520

Total non-current liabilities 634,562 640,543 634,531 640,520

Total liabilities 785,309 755,242 784,761 755,087

Net assets 3,002,840 2,851,672 2,991,260 2,840,124 Equity Parent entity interest Statutory funds 22.1 461,828 414,548 461,828 414,548 Reserves 1.14, 22.2 335,828 2,002,314 326,813 1,991,470 Retained surplus 22.3 2,205,184 434,817 2,202,619 434,106 Total parent entity interest 3,002,840 2,851,679 2,991,260 2,840,124 Minority interest 23 0 (7) 0 0 Total equity 3,002,840 2,851,672 2,991,260 2,840,124

The above Balance Sheet should be read in conjunction with the accompanying notes. 64 Statement of changes in equity for the year ended 31 December 2005

Notes Economic entity Parent entity [Consolidated] [University] 2005 2004 2005 2004 $’000 $’000 $’000 $’000 The University of Sydney

Total equity at the beginning of the financial year 2,851,672 2,675,419 2,840,124 2,663,759

Transfers to/(from) reserves 42 0 27,771 0 27,771 Transfers to/(from) reserves 22.2 (8,886) 0 (8,886) 0 Gain on revaluation of non-financial assets 22.2 6,772 85,719 6,772 85,719 Gain on available-for-sale financial assets 22.2 37,316 (16,184) 37,316 (16,184) Net income recognised directly in equity 35,202 97,306 35,202 97,306

Operating result for the year 115,966 78,947 115,934 79,059

Total recognised income and expense for the year 151,168 176,253 151,136 176,365

Total equity at the end of the financial year 3,002,840 2,851,672 2,991,260 2,840,124

Total recognised income and expense for the year is attributable to: Parent entity 151,168 176,260 151,136 176,365 Minority interest 23 0 (7) 0 0 151,168 176,253 151,136 176,365

The above statement of changes in equity should be read in conjunction with the accompanying notes. Cash flow statement 65 for the year ended 31 December 2005

Notes Economic entity Parent entity [Consolidated] [University] 2005 2004 2005 2004 $’000 $’000 $’000 $’000 Annual Report 2005

Cash flows from operating activities Inflows Australian Government CGS and other DEST grants 40.1 179,103 150,440 179,103 150,440 HECS and other loan programs 40.2 117,008 99,589 117,008 99,589 Scholarships 40.3 12,727 10,843 12,727 10,843 DEST research 40.4 108,375 98,244 108,375 98,244 ARC grant - Discovery 40.5 (a) 34,544 28,955 34,544 28,954 ARC grant - Linkages 40.5 (b) 11,145 11,658 11,145 11,658 ARC grant - Networks and Centres 40.5 (c) 6,454 6,231 6,454 6,231 Other Australian Government grants 69,102 57,547 69,102 57,547 New South Wales State Government 7,683 7,900 7,683 7,900 HECS-HELP - student payments 30,871 30,374 30,871 30,374 OS - HELP (net) 948 0 948 0 Receipts from student fees and other customers 392,688 380,979 390,943 380,177 Dividends received 8,233 2,702 8,233 2,702 Interest received 41,907 38,844 41,890 38,834 Other investment income received 28,441 9,225 28,441 9,225

Outflows Payments for employee benefits (544,554) (505,873) (544,554) (505,873) Payments to suppliers (inclusive of goods and services tax) (318,610) (307,914) (316,655) (307,056)

Net cash inflow (outflow) from operating activities 36.2 186,065 119,744 186,258 119,789

Cash flows from investing activities Inflows Proceeds from sale of money market and fixed interests in investments 494,240 298,494 494,240 298,494 Proceeds from sale of shares, managed funds and investment properties 76,160 18,609 76,160 18,609 Proceeds from sale of other assets 3,055 3,198 3,055 3,047 Receipts from joint venture partnership 836 823 836 823 Outflows Payment for property, plant and equipment (87,388) (97,301) (87,388) (97,301) Payment for investments (686,944) (541,814) (686,944) (541,814)

Net cash inflow (outflow) from investing activities (200,041) (317,991) (200,041) (318,142) Cash flows from financing activities Inflows Issue of share capital and borrowings 107 100 0 0

Net cash inflow (outflow) from financing activities 107 100 0 0

Net increase/(decrease) in cash and cash equivalents held (13,869) (198,147) (13,783) (198,353) Cash and cash equivalents at beginning of year 149,222 347,378 149,012 347,365

Cash attributable to disposal of subsidiaries 0 (9) 0 0

Cash and cash equivalents at end of year 36.1 135,353 149,222 135,229 149,012

Non-cash financing and investing activities 38 1,255 1,336 1,255 1,336 66 Notes to the financial reports for the year ended 31 December 2005

Note Contents Page 1 Summary of significant accounting policies ...... 67-73 2 Revenue from ordinary activities 2.1 Australian Government financial assistance including HECS-HELP and other Australian Government loan programs ...... 74

The University of Sydney 2.2 New South Wales State Government financial assistance ...... 75 2.3 Fees and charges...... 75 2.4 Investment income...... 76 2.5 Royalties, trademarks and licences ...... 76 2.6 Consultancy and contracts ...... 76 2.7 Other revenue...... 76 3 Expenses from ordinary activities 3.1 Employee benefits...... 77 3.2 Depreciation and amortisation...... 77 3.3 Repairs and maintenance...... 77 3.4 Bad and doubtful debts ...... 78 3.5 Other expenses...... 78 3.6 Sales of non-current assets...... 78 4 Borrowing cost expense ...... 79 5 Income tax expense (benefit) ...... 79 6 Responsible persons and executive officers...... 79-80 7 Remuneration of auditors ...... 80 8 Cash and cash equivalents ...... 80 9 Receivables ...... 80 10 Inventories ...... 80 11 Available-for-sale financial assets ...... 81-82 12 Other financial assets ...... 82 13 Non-current assets – investment properties ...... 82 14 Property, plant and equipment...... 83-86 15 Heritage assets ...... 87 16 Library collections ...... 87 17 Intangibles – computer software ...... 88 18 Works in progress ...... 89 19 Other non-current assets ...... 89 20 Payables...... 89 21 Provisions...... 90 21.1 Current...... 90 21.2 Non-current...... 90 22 Equity ...... 91 22.1 Statutory funds...... 91 22.2 Reserves ...... 92 22.3 Retained surplus ...... 93 23 Minority interest...... 93 24 Revenue recognition...... 93 25 Commitments for expenditure...... 93 26 Contingent liabilities ...... 94 27 Events occurring after reporting date...... 94 28 Remuneration of directors...... 94 29 Amounts owing by Commonwealth/State governments ...... 94 30 Superannuation plans ...... 95-96 31 Subsidiaries...... 97-98 32 Investments in associates ...... 99-100 33 Interests in joint venture partnership ...... 101 34 Investments accounted for using the equity method ...... 101 35 Joint venture operations ...... 102-103 36 Notes to the cash flow statements ...... 104 37 Financial instruments ...... 105-107 38 Non-cash financing and investing activities...... 107 39 Financing facilities and balances...... 107 40 Acquittal of Australian Government financial assistance...... 108-113 41 Charitable fundraising activities...... 114 42 Explanation of transition to Australian equivalents to IFRSs ...... 115-118 43 Disaggregation information ...... 119 Notes to the financial reports 67 for the year ended 31 December 2005

1. Summary of significant accounting policies The principal accounting policies adopted in the preparation of the financial report are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. The financial report includes separate financial statements for the University as an individual entity and the consolidated entity consisting of the University of Sydney and its subsidiaries. Annual Report 2005 1.1 Basis of preparation This general purpose financial report has been prepared in accordance with Australian Accounting Standards, other authoritative pronouncements of the Australian Accounting Standards Board (AASB), Urgent Issues Group interpretations, the requirements of the Department of Education, Science and Training (DEST), the Public Finance and Audit Act 1983, and the Public Finance and Audit Regulation 2005. Compliance with International Financial Reporting Standards Australian Accounting Standards include Australian equivalents to International Financial Reporting Standards (IFRS). The financial statements and notes of the University comply with the Australian International Financial Reporting Standards (AIFRS), some of which contain requirements specific to not-for-profit (NFP) entities that are inconsistent with IFRS requirements. The main NFP entity provisions, adapted by the parent entity, are in respect of the following. • Accounting for Government grants. Under AASB 1004 Contributions, a NFP entity is entitled to recognise government grants on a cash basis. • Impairment of assets. Under AASB 136 Impairment of Assets, a NFP entity is entitled to recognise any impairment loss on a revalued asset directly against the available revaluation reserve in respect of the same class of asset. • Assets received at nil or nominal value. Under AASB 102 Inventories, AASB 138 Intangible Assets, AASB 140 Investment Properties, and AASB 116 Property, Plant and Equipment, a NFP entity is entitled to recognise an asset acquired at no cost or nominal cost at its fair value as at the date of acquisition. • Property held to meet service delivery objectives. Under AASB 140 Investment Property, a NFP entity is entitled to hold investment property to meet service delivery objectives and as such must account for these assets under AASB 116 Property, Plant and Equipment. Application of AASB 1 First-time Adoption of Australian Equivalents to International Financial Reporting Standards These financial statements are the first University financial statements to be prepared in accordance with AIFRS. AASB 1 First-time Adoption of Australian Equivalents to International Financial Reporting Standards (AEIFRS) has been applied in preparing these financial statements. Financial statements of the University until 31 December 2004 had been prepared in accordance with previous Australian Generally Accepted Accounting Principles (AGAAP). AGAAP differs in certain respects from AIFRS. When preparing the University’s 2005 financial statements, management has amended certain accounting, valuation and consolidation methods applied in the AGAAP financial statements to comply with AIFRS. With the exception of financial instruments, the comparative figures in respect of 2004 were restated to reflect these adjustments. The University has taken the exemption available under AASB 1 to only apply AASB 132 and AASB 139 from 1 January 2005. Reconciliations and descriptions of the effect of transition from previous AGAAP to AIFRS on the University’s equity and its net income are shown in note 42. Historical cost convention These financial statements have been prepared under the historical cost convention, as modified by the revaluation of available-for- sale financial assets, financial assets and liabilities (including derivative instruments) at fair value through profit or loss, certain classes of property, plant and equipment and investment property. Critical accounting estimates The preparation of financial statements in conformity with AIFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the University’s accounting policies. Accrual basis for accounting The financial report has been prepared on an accrual accounting basis and on the basis of historical costs and except where stated in note 1.8, does not take into account changing money values or current valuations of non-current assets. Consolidation The consolidated financial report is prepared in accordance with AASB 127 Consolidated and Separate Financial Statements. The financial report includes the accounts of the parent entity, the University of Sydney, and the accounts of the economic entity, comprising the University of Sydney and the entities it controlled at the end of or during the financial year, as shown in note 31. The balances and effects of transactions between controlled entities included in the consolidated financial report have been eliminated. Separate financial reports are also prepared by the University’s controlled entities and are audited by the Auditor-General of New South Wales. 68 The University of Sydney 04rvnefo prtn ciiis(e noesaeet 955,744 Add grantsreceived in2003for2004activities: 2004 revenue from operatingactivities(perincomestatement) reclassified asproperty, plantandequipment –Commercial Teaching andResearch StudentHousing. rental incomefrom theproperties isbelowmarketrates,theseproperties are heldforasocialserviceandassuchthey haveb The Universityalsohasanumber ofproperties usedforstudenthousingwhichhadbeentreated asinvestmentproperties. Asthe the Commercial Teaching andResearch –Farmscategoryin2004. Livingston). Asaresult oftheadoptionAEIFRS, Universityhasreclassified these farmsasproperty, plantandequipmen The Universityhasanumberof farmswhichwere Nowleyand previously (Arthursleigh, includedinitsinvestment portfolio Equipment. appreciation doesnotmeetthedefinitionofinvestmentproperty andwillbeaccountedforunder AASB116Property, Plantand business. Fornot-for-profit entities,property heldtomeetservicedeliveryobjectivesrather thantoearnrental orforcapi than for(a)useintheproduction orsupplyofgoodsandservicesadministrationpurposes, or(b)saleintheordinary cour Under AASB140InvestmentProperty, investmentproperty isproperty heldtoearnrentals orforcapitalappreciation orbothra Investmentproperty • $9,853,000 asat31December2004. to AEIFRS.Asaresult ofthisrecategorisation, Property, PlantandEquipmentwasreduced andIntangiblewasincreased to ofthehardware,not anintegralpart theyhavebeenrecategorised asintangibles–computersoftware inthefirsttransitiony PeopleSoft (businesssystemscoveringfinance,humanresources andpayroll). Asthesein-housedeveloped/modifiedsoftware are developed software suchasFlexSIS(studentadministrativesystem)wellpurchased andconfigured systemssuchas incurred inthedevelopmentphasewere capitalisedasPlantandEquipmentpriorto1January2004.These includetotally Under AASB138IntangibleAssets,majorITsoftware wasdevelopedbyinternalprojects. Thelicensefeesandassociatedcosts –computersoftware Intangibles • expensed. Amountsoexpensedin2005is$1,131,000(2004$2,025,000). This hasresulted inachangetotheprevious accountingpolicy, whereby patentcostswhichwere previously capitalisedare now recognised asanintangibleassetwhere criteriasetoutinAASB138. itmeetscertain as anexpensewhenitisincurred. Expenditure ondevelopment(orthephaseofaninternalproject) canonlybe Under AASB138IntangibleAssets,expenditure onresearch (orontheresearch phaseofaninternalproject) mustberecognised Research anddevelopment • Changesinaccountingpolicies 1.3 to ensure consistenttreatment across allHigherEducationProviders. The Commonwealthwillusetherestated figure inallDESTpublications,includingtheFinance2004publication, on2004operating resultFinancial effect 2004operatingresultReported Restated 2004operatingresult Total restated 2004revenue from operatingactivities Commonwealth Governmentfinancialassistance reported inthe incomestatement,thenthatinformationisprovided asfollows. revenue forthe2004reporting period) andthetotalrevenue from operatingactivities. Iftherestated amounts for2004are no restating theAustralianGovernmentfinancialassistancefor2004(byincorporatingamountreceived inDecember2003as were required toidentifyintheir2004financialstatements,theimpactofchangedtreatment ontheiroperatingresult by TheHigherEducationProvidersGovernment fundingforthe2004grantyearintheirStatementofFinancialPerformance. cent firstpaymentinrespect ofthe2004grantyearasrevenue ofunderstatingtheAustralian in2003willhavetheeffect Changes topaymentarrangementswillmeanthatthoseHigherEducationProviders ofthe8per thatreported thewholeorpart Financial effectsfor2004 was discontinued.Forthe2005grantyear, thefirstpaymentwasmadeinJanuary2005insteadofDecember2004. in thatyear. Thepastpracticeofmakingthefirstpaymentinrespect ofagrantyearattheendDecemberprevious y DEST madechangestopaymentarrangementsinlate2004sothatallrecurrent paymentsinrespect ofagrantyearwillbemade Background ofchangestoCommonwealthpaymentarrangementsfor Financialeffects 1.2 for theyearended31December2005 Notes tothefinancialreports 2005 grantyear tal 100,135 976,820 AEIFRS 21,076 79,059 21,076 $’000 se of ear t in ear t een ther Notes to the financial reports 69 for the year ended 31 December 2005

• Employee benefits Under the new AASB 119 Employee Benefits the net position of each defined benefit superannuation scheme must be recognised as an asset or liability, as applicable. Movements in the carrying amounts of this liability or asset, excluding actuarial changes, will be recognised as a revenue or expense. Annual Report 2005 UniSuper Management Pty Ltd (USM) is the administrator of UniSuper. The UniSuper Audit and Compliance Committee and the UniSuper Board have endorsed the Towers Perrin recommendations in respect of AASB 119, i.e. to adopt the multi-employer provisions and provide the additional information employers require to report on a defined contribution basis under the multi- employer exemption. • Accounting for government grants and disclosure of government assistance Under the new AASB 120 Accounting for Government Grants and Disclosure of Government Assistance, government grants are to be recognised over the period to which they relate. Not-for-profit entities are currently exempt from this requirement and therefore the treatment remains unchanged. Prior to 2005, the first payment under the Higher Education Funding Act 1988 in respect of a grant year had been made at the end of December of the previous year. However, DEST announced changes to payment arrangements for 2005 under the Higher Education Support Act 2003 (HESA) whereby all recurrent payments in respect of a grant year will be made in that year. For the 2005 grant year, the first payment was made in January 2005 instead of December 2004. • Revenue Under the new AASB 118 Revenue, revenue is measured as the fair value of the consideration received or receivable. Gains or losses on the disposal of items of property, plant and equipment must be recognised on a net basis as revenue or expense rather than separately recognising the consideration received as revenue and the carrying value of the asset sold as an expense.

1.4 Insurance The University and its controlled entities have insurance policies for coverage of properties, public liability, professional indemnity, clinical trials, veterinary malpractice, directors and officers, personal accident/travel, motor vehicles, workers compensation, aviation hull and liability, principal controlled contract works, marine hull and liability, marine transit and crops. There are elements of self-insurance within the overall insurance program including cover for University staff and students engaged in medical and other clinical activities.

1.5 Income tax The University is exempt from income tax under Commonwealth income tax legislation. Within the consolidated entity there are entities that are not exempt from income tax. For these entities, the consolidated entity adopts the liability method of tax effect accounting whereby the income tax expense for the period is based on the profit from ordinary activities adjusted for any permanent differences between taxable and accounting income. Timing differences, which arise due to different accounting periods in which items of revenue and expense are included in the determination of accounting profit and taxable income, are recognised as either a provision for deferred income tax or as a future income tax benefit at the rate of income tax applicable to the period in which the benefit will be received or the liability will become payable. Future income tax benefits, including tax losses, are not recognised unless realisation of the benefit is virtually certain. The recognition of income tax benefits is based on the assumption that adverse changes will not occur in income tax legislation and the consolidated entity will derive sufficient future assessable income so the benefits may be realised and comply with the conditions of deductibility imposed by the law.

1.6 Revenue recognition Operating revenue The University’s operating activity income consists of Commonwealth grants, Higher Education Contribution Scheme, Higher Education Loan Program, NSW State Government grants, other research grants and contracts, investment income, and fees and charges. Apart from the deferred government contribution to superannuation income, the remaining balance of income is from outside operating activities. The University has treated the operating and research income received from the Commonwealth in 2003 in advance for the year 2004, as income in the year of receipt. However, as noted in 1.2 Revenue above, DEST announced changes to payment arrangements whereby all recurrent payments in respect of a grant year will be made in that year. For the 2005 grant year, the first payment was made in January 2005 not in December 2004 as would have occurred under previous arrangements. Revenue is recognised where it can be reliably measured in the period to which it relates. However where there is not an established pattern of income, revenues are recognised on a cash receipt basis. 70 The University of Sydney commercial infrastructure andthefairvaluebasisforcommercial teachingandresearch infrastructure. parks, powergenerationplants, reservoirs, damsandlandscaping. In2001theUniversityadoptedcostbasisforits non- or postandrail),water, electricity, gas,telecommunicationsservices,sewerage, drainage,bridges,pedestrianramps,surface Infrastructure includesroads, pathsandpaving,ovals,playingfields,perimeter fencing,boundarygates,farmfencing(wire, Infrastructure commercial teachingandresearch buildings.TheUniversitybuildingshavebeeninsured atreplacement costof$1,892,331,800. In 2001theUniversityadoptedcostbasisforitsnon-commercial teachingandresearch buildingsandthefairvaluebasisf Buildings asat31December2004. valuation oftheseassetswasundertaken restrictions asthenon-commercial teachingandresearch land,buildingsandinfrastructure are tobevaluedeverythree years. infrastructure usedforteachingandresearch oftheinvestmentclass)butnotsubject tothesa purposes(andnotformingpart the capitalvalueoflandassumedtobevacant,wasvaluedat $208,354,400.Thevalueofcommercial land,buildingsand A valuationoftheUniversity’s non-commercial teachingandresearch landwascarriedoutasat31December2004andbasedon zoned specificuseandcontractualarrangements. Non-commercial land,buildingsandinfrastructure are thoseassetswhichare subjecttospecificrestrictions, e.g.landgrants commercial teachingandresearch land. In 2001theUniversityadoptedcostbasisforitsnon-commercial teachingandresearch landandthefairvaluebasisfor Land means thattheUniversityreviews theassetsheldbyeacharea atleastonceperannum. aprocessEach yeartheUniversityundertakes ofrolling perpetualstocktakeofitsplantandequipment.Thisform the assets.Theincrease ontheassetscarryingamountasaresult ofrevaluation iscredited torevaluation reserve. depreciation iseliminatedagainstthegross carryingamountoftheassetsandnetrestated totherevalued amounto accumulated depreciation andsubsequentaccumulatedimpairmentlosses.Asatthedateofrevaluation, theaccumulated assets andlivestockare carriedattheirrevalued amount,beingitsfairvalueatthedateofrevaluation lessanysubsequ Under therevaluation model,thecommercial teaching andresearch land,buildings,infrastructure, farms,studenthousing,heri impairment losses. research land,buildingsandinfrastructure were carriedattheircostlessanyaccumulateddepreciations andanyaccumulated By adoptingthecostmodel,carryingamountofplantandequipment,librarycollectionsnon-commercial teachingand research land,buildings,infrastructure, farmsandstudenthousing,inaccordance withAASB116. non-commercial teachingand research land,buildingsandinfrastructure, andtherevaluation modelforcommercial teachingand fromeffect 1January 2001,theUniversityelectedtoapplycostmodelvalueitsplantandequipment,librarycollection In 2001theUniversityhadoptionofmeasuringeachclassnon-current assetoneitheracostbasisorfairvaluebasis. Property, plantandequipment an insignificantriskofachangeinvalue,are re-classified tocashandequivalents. Available-for-sale financialassetswithamaturitydateofthree monthsorless,from thedateofdepositorissueandwhere t Valuation ofassets Cash andcashequivalents 1.8 and financingactivitieswhichare recoverable from, orpayableto,theATO are classifiedasoperatingcashflows. Cash flowsare includedinthestatementofcashflowsonagross basis.TheGSTcomponentofcashflowsarisingfrom investing The netamountofGSTrecoverable from, orpayableto,theATO isincludedasacurrent assetorliabilityintheBalanceSheet Receivables andpayablesare statedwiththeamountofGSTincluded. oftheitemexpense. cost ofacquisitiontheassetoraspart GST incurred isnotrecoverable from theAustralianTax (ATO). Office Inthesecircumstances theGSTisrecognised oft aspart Revenues, expensesandassetsare recognised netoftheamountgoodsandservicestax(GST),exceptwhere theamountof tax Goodsandservices 1.7 Other revenue Asset sales Rental income Investment income services isrecognised intheperiodwhichserviceisprovided, havingregard tothestageofcompletionservice. Fees andcharges for theyearended31December2005 Notes tothefinancialreports – netrealised gains/(losses)are includedasincome/(expenses)andare analysedinnote3.6. further – represents contributionsfrom externalorganisations andmiscellaneous incomenotderivedfrom core operations. – rental incomeisrecognised asitaccruesovertheperiodthatproperties are leasedtothird parties. – studentfeesare recognised asdebtorsfollowingthecensusdateforeachsession.Revenuefrom rendering – investmentincomeisrecognised asitaccrues. here is ent electric , With s and A or . car tage me he f Notes to the financial reports 71 for the year ended 31 December 2005

Commercial farms In 2004 Arthursleigh, Nowley and Livingston Farms were recategorised from investment properties to property, plant and equipment – commercial teaching and research farms, see note 1.3. Fleurs Farm was recategorised within property, plant and equipment from non-commercial teaching and research properties to commercial teaching and research properties. These have Annual Report 2005 been revalued at 31 December 2005. Student housing In 2004 student housing was recategorised from investment properties to property, plant and equipment – commercial teaching and research student housing, see note 1.3. These have been revalued at 31 December 2005. Plant and equipment The University’s plant and equipment are recorded at historical cost. All items with a cost of acquisition in excess of $5000 are capitalised at cost. All items with a cost of less than $5000 are expensed. Motor vehicles The University’s motor vehicles are recorded at historical cost. Heritage assets Valuations for the University’s heritage assets were provided by the curators of each collection. The valuation for the University’s rare books collection was as at 31 December 2005. The Power Collection of Contemporary Art is owned by the University and is on loan under a management agreement with the Museum of Contemporary Art. The collection was last valued in 1999 by the Chief Curator of the Museum of Contemporary Art Limited and is recorded on the University’s books at a value of $15,978,450. The entire collection has been insured at a value of $18,000,000. The valuation for the other collections are provided annually by the curators of each collection and are based on current market value using a combination of prices at auction of similar works and the curator’s experience. Where assets are valued in a foreign currency they are translated into A$ equivalent at reporting date. These assets are not subject to depreciation. With the application of AASB 116 the valuations are arrived at by curators using the fair value method. Library Valuations for the University’s libraries were provided by University librarians. The University’s research and undergraduate collections were capitalised as at 31 December 1998 based on 1997 prices indexed to 1998 prices to reflect current market value. With the application of AASB 1041 for the 2001 reporting year the University adopted the cost basis for valuation of its library collections. Under AASB 116, the library collections continue to be valued on the cost model. Only the undergraduate collection is subject to depreciation; the research collection does not diminish in value because of the nature of the collection. Works in progress Works in progress represent the cost of unoccupied and incomplete building projects and other major capital works projects at reporting date. It also includes the costs of major information technology (IT) systems developments that had not been implemented as at the reporting date. Other non-current assets Milk quota As a result of dairy deregulation, the Dairy Adjustment Authority advised the University that its entitlement to compensation would be $901,779 payable in 32 quarterly instalments. A total of $619,960 has been received. Self Generating and Regenerating Assets These assets comprise livestock and other living assets such as crops. The University values its Self Generating and Regenerating Assets (SGARAs) on a fair value basis. • Livestock Livestock was valued at current market prices by independent valuers at reporting date. • Crops The University has a number of crops at its farms. All winter crops had been harvested and sold by 31 December 2005. Some summer crops were growing at that time but had not reached sufficient maturity to enable them to be insured with an underwriter. Therefore no value has been recognised in the accounts at reporting date. The vineyard at the Faculty of Rural Management (Orange Campus) continues to be included as part of infrastructure assets on the basis that it is an integral part of that campus. The value is $507,480. Inventories Inventories consist of store stock. Inventories are valued at cost. Costs have been assigned to inventory quantities on hand at reporting date using the first in first out basis. Receivables All debtors are recognised at the amounts receivable and are due for settlement in no more than 30 days. A provision is raised for any doubtful debts based on a review of all outstanding amounts at reporting date. Bad debts are written off in the period in which they are identified. 72 The University of Sydney AASB 119. have beenfullyprovided. Thetotalliabilityinrespect ofemployeeentitlementshasbeenbrought toaccount,inaccordance wi Employee entitlementscomprisingannualleave,longserviceleaveandsuperannuationbenefitstogetherwithrelated on-costs 1.12 Employee entitlements January 2004inaccordance withAASB138andasoutlinedinnote1.3Intangibles–ComputerSoftware. implemented. Theseare recorded athistoricalcost.Thesecostswere recategorised asIntangibles–ComputerSoftware asat1 Major ITcomputersoftware represents thecosttoUniversityofmajorITsystemsthathavebeenpurchased/developed and/or the assetwouldflowtoUniversity. criteria inaccordance withAASB138asitwasnotprobable thattheexpectedfuture economicbenefitsthatwere attributablet The Universityexpensedpatentintangiblesasat31December2004,thatcapitalisedexpenditure didnotmeettherecognition 1.11 Intangibles losses intheincomestatement. Exchange differences relating toamounts payableandreceivable inforeign currencies are brought toaccountasexchangegains Amounts receivable andpayableinforeign currency atreporting dateare translatedattheratesofexchangerulingonthatdat Foreign currency transactionsare translatedintoAustraliancurrency atratesofexchangerulingthedatestransacti 1.10 Foreign currency transactions to theendofreporting period.Theseamountsare unsecured andare usuallysettled within30daysofrecognition. Accounts payable,includingaccrualsnotyetbilled,represent liabilitiesforgoodsandservicesprovided totheeconomicenti 1.9 Accounts payable amounts are greater thancost. available marketvalue.BasedonthelatestpublishedfinancialaccountsUniversityestimatesthatrecoverabl The Universityhasinvestmentsinanumberofcompaniesthatare unlisted.Theseare brought toaccountatcostasthere isno Other financialassets statement. revaluation reserve. Upondisposalofthesefinancialassets,theapplicablerevaluation balancesare transferred totheincome reverse aprevious increment credited totheassetrevaluation reserve inwhichcasethedecrement isdebitedtotheasset statement. Decreases inthevalueofotherfinancialassetsare charged asinvestmentlossesintheincomestatementunless they are reversing aprevious decrement charged totheincomestatementinwhichcase increment iscredited totheincome value ofotherfinancialassetsare required byAccountingStandards tobecredited directly totheassetrevaluation reserve u Other financialassets(seenote11)are initiallybrought toaccountatcostandsubsequentlycarriedfairvalue.Increases Available-for-sale financialassets for theyearended31December2005 Notes tothefinancialreports System. fully fundeddefinedbenefitsscheme.TheUniversityalsocontributes totheUniversityofSydneyProfessorial Superannuation Contributory Scheme.InadditiontheUniversitycontributesto theSuperannuationSchemeforAustralianUniversitieswhichisa schemes includetheStateSuperannuationScheme, AuthoritiesSuperannuationSchemeandtheStateNon- Corporation inrespect ofcontributorstothedefinedbenefitschemesadministered bytheSASTrustee Corporation.These The Universityprovides forsuperannuationbasedoninformationandformulaeprovided bytheSuperannuationAdministration University’s byAleaActuarialConsultingPtyLimitedas at31December2005. liabilitywasundertaken A liabilityforlongserviceleaveisrecognised, andismeasured usingthenetpresent valuemethod.Anactuarialvaluationof Accrued annualleaveistreated asacurrent liability. Liabilities forannualleaveare recognised andmeasured leaveentitlementsatreporting dateatcurrent basedonstaff payrat Superannuation • Accrued longserviceleaveistreated asbothacurrent andanon-current liability. leave Longservice • Annualleave • inthe ons. ty prior e nless th the e. o es. y or Notes to the financial reports 73 for the year ended 31 December 2005

1.13 Depreciation Depreciation is calculated on a straight line basis. The depreciation rates are based on the estimated useful lives of the various classes of assets employed. Pro-rata depreciation is charged in the year of purchase and disposal. Depreciation rates by class of assets are as follows: Annual Report 2005 Per annum Plant and equipment 10% Computing equipment 25% Motor vehicles 5% Buildings 2% Library undergraduate collection 20% Leasehold improvements 2% Intangibles – computer software 40% Infrastructure 2% Commercial teaching and research farms 2% Commercial teaching and research student housing 2% 1.14 Reserves The University has the following reserves. • Initial asset valuation reserve This reserve was created in 1992 for the purpose of bringing to account the University’s assets for the first time and includes the transfer of properties between the University and the Department of School Education in 1994; this transfer did not involve any cash transactions. This reserve has now been transferred to retained surplus. • Asset revaluation reserve This reserve is used to account for the increases or decreases in the value of assets as a result of revaluations. Increases in the value of reserves are in accordance with valuation of assets policies stated in note 1.8. Decrements in reserves are either on disposal of assets where the disposed asset had previously been revalued and a reserve existed or on impairment of assets in accordance with AASB 136 Impairment of Assets where a revaluation reserve had existed for that asset class. • Associates reserves This represents the reserves held by associated entities and is brought to account in the consolidated financial report using the equity method of accounting (see note 32).

1.15 Joint ventures The proportionate interests in the assets, liabilities and expenses of joint venture operations have been incorporated in the financial report under the appropriate headings. Details of the interest in joint ventures are set out in notes 33. The University also has interests in a number of CRC joint venture operations, contributions to which are expensed. Details of the CRC joint ventures are provided in note 35.

1.16 Associates The proportionate interests in the profits or losses of associates have been incorporated in the financial report. Details of the interest in associated entities are set out in note 32.

1.17 Private sector participation in the provision of student accommodation The University of Sydney entered into an arrangement where, under a long term lease of its land in Carillon Avenue, Newtown, a student university village (SUV) has been constructed and is being operated in partnership with the private sector. This 650 bed SUV was opened in January 2003. Under the terms of the project deed, ownership in the accommodation complex reverts to the University 40 years after opening of the SUV. At this stage the emerging share of the asset is not material. 74 The University of Sydney eerhntok 874087400 6,231 7,303 817 6,454 11,145 400 6,231 7,303 28,927 817 6,454 11,145 34,597 28,927 34,597 98,244 3,217 108,375 52,194 98,244 350 26,829 10,843 16,004 56,902 108,375 29,973 12,727 21,150 3,217 52,194 26,829 Total 10,843 NetworksandCentres 16,004 Centres 350 56,902 Research networks 29,973 12,727 21,150 Networks andCentres Total Linkages Linkages 105,185 Total Discovery 105,052 Discovery 105,185 Australian Research Council(ARC) 105,052 Total DEST–research Research Infrastructure Block Grants Systemic Infrastructure Initiative Research Training Scheme Institutional GrantsScheme DEST –research 150,440 Total scholarships 179,103 150,440 Scholarships 179,103 Total highereducationloanprograms Program Higher educationloanprograms Superannuation excludes Scheme Grants Commonwealth 2004, For * Total Commonwealth GrantsSchemeandothergrants AustralianGovernmentfinancialassistance Revenuefrom ordinary activities 2.1 2. for theyearended31December2005 Notes tothefinancialstatements E-EP2,5 1752,5 21,735 83,450 212 512 8,526 22,750 82,302 21,735 9,079 582 1,086 83,450 1,593 22,750 8,526 512 82,302 212 1,980 9,079 1,086 1,593 582 1,980 Commonwealth AccommodationScholarships Commonwealth EducationCostsscholarships International PostgraduateResearch Scholarships Australian PostgraduateAwards FEE-HELP HECS-HELP erigadtahn 0860876 2,098 0 0 0 250 876 2,387 2,098 184 81 0 0 0 270 147,032 250 176,365 2,387 184 81 147,032 176,365 270 Collaboration andStructuralReformProgram Capital developmentpool Learning andteaching Workplace ReformProgram Program Higher EducationEquitySupport Commonwealth GrantsScheme* Commonwealth GrantsSchemeandothergrants rjcs7256967256,906 7,225 274 6,906 123 7,225 3,644 276 274 123 3,644 276 Projects International researcher exchange Linkage –infrastructure elwhp 5 ,3 5 1,339 24,984 654 2,604 29,836 1,339 4,107 24,984 654 2,604 29,836 4,107 Federation fellowships Fellowships Projects and Workplace Reform Program. Program. Reform Workplace and including HECS-HELPandotherAustralianGovernmentloanprograms 40.5 (b) 40.5 (c) 40.5 (a) 40.4 40.3 40.2 40.1 oe cnmcett Parent entity Economicentity Notes ’0 ’0 ’0 $’000 $’000 $’000 $’000 ,3 ,3 ,3 5,831 5,637 5,831 5,637 0520 20052004 2005 2004 Cnoiae][University] [Consolidated] oa orefe n hre 172812931728182,933 187,288 182,933 187,288 Total feesandcharges Other feesandcharges Total coursefeesandcharges 57,547 Feesandcharges Course feesandcharges 2.3 69,102 Total stateandlocalgovernmentfinancialassistance 57,547 NewSouthWales StateGovernmentfinancialassistance 2.2 69,102 Total AustralianGovernmentfinancialassistance Total AustralianGovernmentfinancialassistance Total otherAustralian Governmentfinancialassistance Revenuefrom ordinary activities(continued) Other AustralianGovernmentfinancialassistance 2. for theyearended31December2005 Notes tothefinancialstatements oa te esadcags 4101,3 41014,539 14,150 14,539 14,150 Total 4,658 otherfeesandcharges 1,598 4,984 1,502 4,658 1,598 4,984 1,502 Other State governmentresearch grants Sydney ConservatoriumofMusic tdn eiecs3994513994,571 709 1,577 1,312 2,394 1,752 3,929 1,841 679 1,225 182 2,287 1,543 4,571 1,577 1,312 709 2,394 109 1,752 3,929 2,042 6,403 1,841 1,225 2,287 679 1,543 182 2,537 7,138 10,161 760 2,042 109 6,403 1,823 1,480 8,535 2,537 7,138 890 1,739 10,161 9,138 1,823 1,480 124,283 760 12,412 8,535 136,804 1,739 890 18,556 14,696 124,283 9,138 136,804 Student residences 15,403 12,412 Library servicecharges Miscellaneous 18,556 Rental -other 14,696 Parking fees Library fines 15,403 Hire ofequipmentandvenues Fees lateenrolment 83,450 non-awardStudents undertaking courses 7,614 Course fees 21,735 Summer schoolfees 82,302 Law extensioncoursefees 8,552 256 Fee-paying domesticpostgraduatestudents 22,750 44,825 2,772 83,450 Fee-paying overseasstudents 858 Fee-paying domesticundergraduate students 21,735 56,326 Continuing education 7,614 82,302 177 1,922 865 22,750 44,825 8,552 2,772 256 56,326 858 1,922 177 865 FEE-HELP -otherAustralianGovernmentloanprograms HECS-HELP -AustralianGovernmentpayments Reconciliation Other Primary industryandenergy Industry, technologyandregional development Human servicesandhealth Education, scienceandtraining Environment, andterritories sport utainGvrmn rns 2,0 5,3 2,0 359,535 421,503 359,535 421,503 Australian Governmentgrants oe cnmcett Parent entity Economicentity Notes 0,3 9,7 0,3 197,472 201,438 197,472 201,438 464,720 526,555 464,720 464,720 526,555 526,555 464,720 526,555 $ ,8 ,9 ,8 7,996 7,587 7,996 7,587 ,0 ,4 ,0 1,740 1,101 1,740 1,101 ,6 ,2 ,6 1,222 1,260 1,222 1,260 2 ’ 0 0 Cnoiae][University] [Consolidated] 0 0 0 5

$ 2 ’ 0 0 0 0 0 4 $ 2 ’ 0 0 0 0 0 5

$ 2 ’ 0 0 0 0 0 4 75 Annual Report 2005 76 The University of Sydney Total otherrevenue 2.7 Other revenue Total consultancyandcontractresearch Consultancyandcontracts 2.6 Total royalties, trademarksandlicences Royalties,trademarksandlicences as recognised previously 2.5 2004 of properties investment on $1,061k of loss revaluation The * Total investmentincome* 2.4 Investment income for theyearended31December2005 Notes tothefinancialstatements investment income has been recategorised as other expenses. other as recategorised been has income investment te 0661,9 ,5 19,044 9,655 19,294 5,053 903 10,646 4,278 665 2,690 27,112 9,537 5,053 853 3,377 779 1,169 28,436 903 4,278 91 5,631 27,112 2,690 1,253 1,001 665 9,537 28,436 0 5,980 3,377 853 1,169 6,259 779 9,049 3.6.2 5,631 1,001 25,153 1,253 151 4,720 9,057 4,279 5,980 30,123 6,259 9,049 0 3,894 25,153 36,779 4,720 9,057 4,279 11,732 30,123 30,787 Other 16,173 3.6.1 1,044 Net gainonrevaluation ofinvestment properties 14,523 3,894 and investmentproperties 36,779 Net gainonsaleofshares, managedfunds 18,428 3,526 Net gainondisposalofproperty, plantandequipment 11,732 30,787 Donations andbequests 131 16,173 Scholarships andprizes 1,044 14,523 Farms Membership andsubscriptions 18,428 Commission received 141 Special eventsincome 3,526 0 4,008 Veterinary/medical practice Shop sales(incl.commercial services) Contributions (externalorganisations) 40,786 139 12,245 8,018 172 42,088 30,403 4,008 159 Research grantsoverseasorganisations 40,786 2,439 Research grantsindividualsandfoundations 0 12,245 Research grantsindustry 8,018 Consultancy 42,088 2,094 Local collaborativeandotherresearch 30,403 172 2,439 Licence androyalty income 2,094 investments Realised gain/(loss)onshort-term Distributions from managedfunds Dividends received -other Interest from investments Loan interest Rental incomefrom investmentproperties oe cnmcett Parent entity Economicentity Notes 0,3 4939,4 94,623 99,144 94,933 100,135 6697,1 66978,012 76,689 78,012 76,689 59,609 82,916 59,617 82,934 ’0 ’0 ’0 $’000 $’000 $’000 $’000 ,2 ,4 ,2 1,044 3,526 1,044 3,526 0520 20052004 2005 2004 Cnoiae][University] [Consolidated] 5050 Notes to the financial statements 77 for the year ended 31 December 2005

Notes Economic entity Parent entity [Consolidated] [University] 2005 2004 2005 2004 $’000 $’000 $’000 $’000 Annual Report 2005

3. Expenses from ordinary activities

3.1 Employee benefits Academic Salaries 229,789 213,862 229,789 213,862 Contributions to superannuation and pension schemes Emerging costs 6,933 6,141 6,933 6,141 Funded 30,950 21,772 30,950 21,772 Payroll tax 16,711 15,130 16,711 15,130 Workers compensation insurance 2,627 2,540 2,627 2,540 Long service leave expense 3,352 10,054 3,352 10,054 Annual leave 3,488 2,110 3,488 2,110 Total academic 293,850 271,609 293,850 271,609

Non-academic Salaries 207,638 196,811 207,128 196,367 Contributions to superannuation and pension schemes Emerging costs 5,113 5,769 5,074 5,769 Funded 22,652 20,489 22,652 20,452 Payroll tax 14,631 13,715 14,631 13,690 Workers compensation insurance 2,029 2,094 2,029 2,040 Long service leave expense 3,353 7,133 3,353 7,129 Annual leave 1,512 1,888 1,512 1,884 Total non-academic 256,928 247,899 256,379 247,331 Total academic and non-academic employee benefits and on costs 550,778 519,508 550,229 518,940

Deferred employee benefits for superannuation (11,863) 22,955 (11,863) 22,955 Total employee benefits and on costs 538,915 542,463 538,366 541,895 3.2 Depreciation and amortisation Depreciation Plant, equipment and office furniture 10,664 10,499 10,664 10,499 Motor vehicles 583 560 583 560 Computer equipment 2,998 3,502 2,998 3,502 Infrastructure 2,819 2,816 2,819 2,816 Buildings 18,462 17,033 18,462 17,033 Libraries 566 509 566 509 Leasehold improvements 68 405 68 405 Commercial teaching and research building 1,731 1,303 1,731 1,303 Commercial teaching and research infrastructure 6666 Total depreciation 37,897 36,633 37,897 36,633 Amortisation Intangibles - computer software 6,591 5,276 6,591 5,276

Total depreciation and amortisation 44,488 41,909 44,488 41,909 3.3 Repairs and maintenance Maintenance of buildings and grounds 17,323 10,967 17,323 10,967 Other buildings and grounds expenses 14,925 12,755 14,925 12,755

Total repairs and maintenance 32,248 23,722 32,248 23,722 78 Notes to the financial statements for the year ended 31 December 2005

Notes Economic entity Parent entity [Consolidated] [University] 2005 2004 2005 2004 $’000 $’000 $’000 $’000 The University of Sydney 3.4 Bad and doubtful debts Bad debts 332 2,023 332 2,023 Doubtful debts (28) 3,022 (28) 3,022

Total bad and doubtful debts 304 5,045 304 5,045

3.5 Other expenses Scholarships, grants and prizes 48,837 39,946 48,837 39,946 Non-capitalised equipment 18,642 21,603 18,642 21,603 Advertising, marketing and promotional expenses 3,063 3,393 3,063 3,393 Audit fees, bank charges, legal costs, insurance and taxes 10,112 10,482 10,106 10,469 Net loss on sale of property, plant and equipment 3.6.1 283 0 283 0 Net loss on revaluation of investment properties 600 3,801 600 3,801 Consultants and contractors 24,031 25,196 24,031 25,196 Farm operations 3,265 3,553 3,265 3,553 nvestments - amortisation expense 1,229 2,113 1,229 2,113 Laboratory, medical supplies and materials 16,887 15,870 16,887 15,730 Library materials 10,862 11,612 10,862 11,612 Licences, patents, copyright and commissions 4,545 3,999 4,545 3,999 Miscellaneous expenses* 14,857 (102) 14,180 276 Retired assets at net book value 12,372 1,487 12,372 1,487 Operating lease rental expenses 3,907 3,205 3,907 3,205 Printing, postage and stationery 9,893 10,159 9,893 10,159 Rent and room hire 2,023 2,727 2,023 2,727 Teaching and research grants, contracts - external organisations 63,893 65,891 63,893 65,891 Telecommunications 8,241 9,298 8,241 9,298 Travel and related staff development and training 26,828 25,091 26,828 25,091 Equipment repairs and maintenance 5,680 5,626 5,680 5,626 Total other expenses 290,050 264,950 289,367 265,175

* The revaluation loss of $1,061k on investment properties of 2004 previously recognised as investment income has been recategorised as other expenses.

3.6 Sales of non-current assets 3.6.1 Disposal of property, plant and equipment Proceeds from sale 3,055 4,164 3,055 4,014 Carrying amount of assets sold (3,338) (4,013) (3,338) (3,923)

Net gain/(loss) on disposal of property, plant and equipment 2.7, 3.5 (283) 151 (283) 91

The consolidated net loss on disposal of property, plant and equipment in 2005 includes a loss of $13k on sale of student housing.

3.6.2 Sale of shares, managed funds and investment properties Proceeds from sale 76,990 18,609 76,990 18,609 Carrying amount of assets sold (76,339) (17,706) (76,339) (17,706) Realised revaluation gain on sale of financial assets 8,886 0 8,886 0 Net gain/(loss) on sale of shares, managed funds and investment properties 2.7 9,537 903 9,537 903

The consolidated net gain on disposal of shares, managed funds and investment properties in 2005 includes a gain of $2,250k on disposal of managed funds, gain of $2,174k on disposal of investment properties and gain of $5,113k on disposal of shares.

Total of net gain/(loss) on sale of non-current assets 9,254 1,054 9,254 994 Notes to the financial statements 79 for the year ended 31 December 2005

Economic entity Parent entity [Consolidated] [University] 2005 2004 2005 2004 $’000 $’000 $’000 $’000 Annual Report 2005

4. Borrowing cost expense 0000 0000

5. Income tax expense (benefit) 317 14 0 0 317 14 0 0 6. Responsible persons and executive officers 6.1 Responsible persons

The Senate of the University oversees all major decisions concerning the conduct of the University including staff appointments and welfare, student welfare and discipline, financial matters and the physical and academic development of the University. Apart from members of staff serving on Senate receiving remuneration as per their employment conditions, the Fellows of Senate received no remuneration in their capacity as Fellows of Senate. A list of the Fellows of Senate is shown in the University’s Annual Report in the chapter entitled The Senate.

Economic entity Parent entity [Consolidated] [University] 2005 2004 2005 2004 No. No. No. No.

6.2 Executive officers

$170,000 to $179,999 0101

$220,000 to $229,999 0202

$230,000 to $239,999 1111

$250,000 to $259,999 1010

$260,000 to $269,999 0101

$280,000 to $289,999 2121

$290,000 to $299,999 0101

$300,000 to $309,999 1010

$310,000 to $319,999 0101

$340,000 to $349,999 1010

$360,000 to $369,999 1010

$370,000 to $379,999 1010

$420,000 to $429,999 0101

$480,000 to $489,999 1010

$570,000 to $579,999 1* 1* 1* 1*

* As a responsibility of office, one executive occupies a residence owned by the University. The residence is required to be available and used regularly for official University functions and promotional activities. The deemed value of this benefit for the executive is $137,000. The associated costs including FBT amount to $332,000 (2004: $310,000). 80 The University of Sydney es akoedat 347 (3,457) 0 152,469 (3,457) 135,229 0 152,679 135,353 Less: bankoverdrafts Gross cashbalance The abovefigures are reconciled tocashattheendofyearasshowninstatementflowsfollows: Reconciliation tocashattheendofyear thedateof monthsorlessfrom investmentswithamaturitydateofthree reclassified Theseare ** bearingatvariableaveragerateof5.1%. interest Theseare * S eoeal ,8 ,3 ,8 2,437 37,784 4,882 35,643 17,357 (5,419) 2,437 37,788 21,075 (5,400) 32,923 14,987 4,882 526,848 17,370 (5,419) 22,245 514,986 24,053 (5,400) 526,848 14,987 Other Finished goods 514,986 149,012 22,245 Current 10. Inventories 135,229 Total receivables 149,222 532 148,480 135,353 Corporation) Super AssetPlan(StateAuthoritiesSuperannuationTrustee 128,513 6,716 Non-current Deferred Governmentcontributionforsuperannuation 9.2 148,480 742 92 128,513 Other 323 GST recoverable 6,840 Provision fordoubtfuldebts 19 Debtors Accrued income 357 9.1 Current 92 9. Receivables 336 Total cashandequivalents 3,016 19 375 3,510 3,016 Cash equivalents** Cash andcashequivalents 3,510 Cash atbankandonhand* 8. Audit servicesbyprivatesectorcontractors funding arrangements Audits byNSWAuditor-GeneralofspecificCommonwealth Remunerationofauditors Auditing oftheannualfinancialreport 7. duringtherelevantoffice year. motor vehicleusageandtheassociatedFBTcostsforperiodthattheseexecutiveshaveheldthis The abovefigures loading,housinginterest includesuperannuation,performance assistance, Aggregate remuneration ofexecutives (continued) Executiveofficers 6.2 for theyearended31December2005 Notes tothefinancialstatements deposit andhaveaninsignificantriskofachangeinvalue. oe cnmcett Parent entity Economicentity Notes 3,3 4,3 3,3 541,835 537,231 541,835 537,231 149,012 135,229 149,222 135,353 9,2 9,1 9,6 594,697 596,565 594,719 596,823 9525,8 93452,862 59,334 52,884 59,592 ’0 ’0 ’0 $’000 $’000 $’000 $’000 ,3 0 ,3 703 3,134 708 3,134 0520 20052004 2005 2004 3 8 9 652 198 686 238 9 3 7 421 376 434 394 3 8 9 654 199 688 239 Cnoiae][University] [Consolidated] 1212 0606 Notes to the financial statements 81 for the year ended 31 December 2005

Notes Economic entity Parent entity [Consolidated] [University] 2005 2004 2005 2004 $’000 $’000 $’000 $’000 Annual Report 2005

11. Available-for-sale financial assets

11.1 Current Investment securities at fair value: Government and government-guaranteed stock 46,797 30,745 46,797 30,745 Bank securities and deposits 56,017 69,500 55,795 69,291 Non-government securities 4,930 5,252 4,930 5,252

107,744 105,497 107,522 105,288

Total current available-for-sale financial assets 107,744 105,497 107,522 105,288

11.2 Non-current Investment securities at fair value: Government and government-guaranteed stock 67,176 48,955 67,176 48,955 Bank securities and deposits 220,832 190,580 220,832 190,580 Non-government securities 89,411 54,865 89,411 54,865 Secured company loans 8,653 8,886 8,653 8,886 Shares – quoted 88,044 82,824 88,044 82,824 External fund managers – domestic equities 189,118 152,921 189,118 152,921 External fund managers – foreign equities 123,412 87,662 123,412 87,662 External fund managers – property equities 34,403 26,537 34,403 26,537 Mortgage 165 165 165 165

821,214 653,395 821,214 653,395 Other investments: Loans to affiliated organisations 3,938 2,743 3,938 2,743 3,938 2,743 3,938 2,743

Total non-current available-for-sale financial assets 825,152 656,138 825,152 656,138

Total available-for-sale financial assets 932,896 761,635 932,674 761,426

11.3 Summarised by maturity date

Within 3 months 44,708 74,543 44,708 74,543 Within 4 to 12 months 63,037 30,954 62,815 30,745 Within 1 to 2 years 33,163 94,806 33,163 94,806 Within 2 to 5 years 220,505 159,720 220,505 159,720 More than 5 years 116,497 31,659 116,497 31,659 No maturing date 454,986 369,953 454,986 369,953 (shares, convertible notes, property trusts, etc) 932,896 761,635 932,674 761,426 82 The University of Sydney reod*1,2 5501,2 35,520 14,425 35,520 14,425 761,426 932,674 761,635 932,896 units). home 21 678,227 including properties 29 2004: (in units home 21 761,426 including properties 22 of consisted freehold 2005 678,436 In ** 761,635 Non-current assets–investmentproperties Freehold** 13. Total otherfinancialassets Otherfinancialassets Non-current and 132 AASB apply to 1 12. AASB under available exemption the taken has University The * At endofyear At beginningofyear Available-for-sale-financial assets: Total available-for-sale financialassets Summarised byclass 11.4 Available-for-sale financialassets(continued) 11. for theyearended31December2005 Notes tothefinancialstatements AASB 139 from 1 January 2005. Note 1.1. refers. 1.1. Note 2005. January 1 from 139 AASB oa o-urn te iaca ses ,1 676 ,1 6,706 7,110 6,706 7,110 165 8,886 82,824 165 88,044 8,653 Total non-current 165 otherfinancialassets 2,743 26,537 82,824 8,886 87,662 60,117 3,938 34,403 165 88,044 152,921 123,412 8,653 94,341 26,537 2,743 259,871 189,118 87,662 60,117 79,700 276,627 34,403 152,921 3,938 123,412 260,080 94,341 113,973 189,118 276,849 79,700 113,973 External fundmanagers–property equities External fundmanagers–foreign equities External fundmanagers–domesticequities Secured companyloans Shares –quoted organisations Loans toaffiliated Government andgovernment-guaranteedstock Mortgage Non-government securities Bank securitiesanddeposits eauto upu rnfrt qiy 736 377 736 (16,184) 0 3,297 3,297 3,8133,409 3,8133,409 37,316 1,420,8251,880,3521,420,812 (1,780,969) 43,707 (1,287,250) 370 (1,840,860) 37,316 (1,287,250) 0 Other Shares 370 unlisted in securities associates Revaluation surplustransfertoequity Disposals (saleandredemption) Additions Adjustment onadoptionofAASB132and139* oe cnmcett Parent entity Economicentity Notes 3,9 6,3 3,7 761,426 932,674 761,635 932,896 3,9 6,3 3,7 761,426 932,674 761,635 932,896 4453,2 44535,520 14,425 35,520 14,425 ’0 ’0 ’0 $’000 $’000 $’000 $’000 7,110 6,706 0520 20052004 2005 2004 Cnoiae][University] [Consolidated] Notes to the financial statements for the year ended 31 December 2005

14. Property, plant and equipment (continued) Non-com Non-com Non-com Com T & R Com T & R Com T & R Leasehold Plant & Motor Computer Commercial Student Total T & R T & R T & R land buildings infra improve- equip vehicles equip farms housing land buildings infra ments $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’00 $’000 $’000 $’000 $’000 $’000 Economic entity [Consolidated]

As at 1 January 2004 Cost 171,324 826,507 132,429 0 0 0 22,814 135,566 12,171 29,742 0 0 1,330,553 At valuation 0 0 0 19,779 62,955 385 000029,017 15,890 128,026 Accumulated depreciation 0 (103,447) (19,853) 0 (2,687) (22) (4,088) (82,562) (2,040) (23,445) 0 0 (238,144) Net book amount 171,324 723,060 112,576 19,779 60,268 363 18,726 53,004 10,131 6,297 29,017 15,890 1,220,435

Year ended 31 December 2004 Opening net book amount 171,324 723,060 112,576 19,779 60,268 363 18,726 53,004 10,131 6,297 29,017 15,890 1,220,435 Revaluation increment/(decrement) 0 3,608 0 38,675 3,482 51 000026,242 11,574 83,632 Additions/recategorisations 680 78,391 101 0 4,362 0 (15,425) 16,808 10 2,889 (24,661) (12,339) 50,816 Disposals (120) (13) 0 0 0 0 0 (925) (222) (1,661) 0 0 (2,941) Depreciation expense 0 (21,400) (2,815) 0 (1,302) (8) (405) (7,691) (560) (1,928) 0 0 (36,109) Close net book amount 171,884 783,646 109,862 58,454 66,810 406 2,896 61,196 9,359 5,597 30,598 15,125 1,315,833

As at 31 December 2004 Cost 171,884 908,220 132,530 0 0 0 3,023 151,449 10,633 30,970 0 0 1,408,709 At valuation 0 0 0 58,454 66,810 406 000030,598 15,125 171,393 Accumulated depreciation write back 0 (124,574) (22,668) 0 0 0 (127) (90,253) (1,274) (25,373) 0 0 (264,269) Net book amount 171,884 783,646 109,862 58,454 66,810 406 2,896 61,196 9,359 5,597 30,598 15,125 1,315,833 83 Annual Report 2005 84 The University of Sydney Notes to the financial statements for the year ended 31 December 2005

14. Property, plant and equipment (continued) Non-com Non-com Non-com Com T&R Com T&R Com T&R Leasehold Plant & Motor Computer Commercial Student Total T & R T & R T & R land buildings infra improve- Equip vehicles equip farms housing land buildings infra ments $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’00 $’000 $’000 $’000 $’000 $’000 Economic entity [Consolidated]

Year ended 31 December 2005 Opening net book amount 171,884 783,646 109,862 58,454 66,810 406 2,896 61,196 9,359 5,597 30,598 15,125 1,315,833 Revaluation increment/(decrement) 0 0 0 0 0 0 00005,272 (439) 4,833 Additions/recategorisations (29) 21,406 315 0 17,043 0 372 17,748 3,019 1,359 0 0 61,233 Disposals/retirements 0 (5,521) 0 0 0 0 0 (6,793) (2,803) (39) 0 (800) (15,956) Depreciation expense 0 (18,425) (2,808) 0 (1,361) (17) (68) (6,358) (245) (2,998) (95) (286) (32,661) Close net book amount 171,855 781,106 107,369 58,454 82,492 389 3,200 65,793 9,330 3,919 35,775 13,600 1,333,282

As at 31 December 2005 Cost 171,855 922,931 132,845 0 0 0 3,395 162,404 10,849 25,817 0 0 1,430,096 At valuation 0 0 0 58,454 83,853 406 000035,775 13,600 192,088 Accumulated depreciation write back 0 (141,825) (25,476) 0 (1,361) (17) (195) (96,611) (1,519) (21,898) 0 0 (288,902) Net book amount 171,855 781,106 107,369 58,454 82,492 389 3,200 65,793 9,330 3,919 35,775 13,600 1,333,282 Notes to the financial statements for the year ended 31 December 2005

14. Property, plant and equipment (continued) Non-com Non-com Non-com Com T&R Com T&R Com T&R Leasehold Plant & Motor Computer Commercial Student Total T&R T&R T&R land buildings infra improve- equip vehicles equip farms housing land buildings infra ments $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’00 $’000 $’000 $’000 $’000 $’000 Parent entity [University]

As at 1 January 2004 Cost 171,324 826,507 132,429 0 0 0 22,814 135,566 12,171 29,742 0 0 1,330,553 At valuation 0 0 0 19,779 62,955 385 000029,017 15,890 128,026 Accumulated depreciation 0 (103,447) (19,853) 0 (2,687) (22) (4,088) (82,562) (2,040) (23,445) 0 0 (238,144) Net book amount 171,324 723,060 112,576 19,779 60,268 363 18,726 53,004 10,131 6,297 29,017 15,890 1,220,435

Year ended 31 December 2004 Opening net book amount 171,324 723,060 112,576 19,779 60,268 363 18,726 53,004 10,131 6,297 29,017 15,890 1,220,435 Revaluation increment/(decrement) 0 3,608 0 38,675 3,482 51 000026,242 11,574 83,632 Additions/recategorisations 680 78,391 101 0 4,362 0 (15,425) 16,808 10 2,889 (24,661) (12,339) 50,816 Disposals (120) (13) 0 0 0 0 0 (925) (222) (1,661) 0 0 (2,941) Depreciation expense 0 (21,400) (2,815) 0 (1,302) (8) (405) (7,691) (560) (1,928) 0 0 (36,109) Close net book amount 171,884 783,646 109,862 58,454 66,810 406 2,896 61,196 9,359 5,597 30,598 15,125 1,315,833

As at 31 December 2004 Cost 171,884 908,220 132,530 0 0 0 3,023 151,449 10,633 30,970 0 0 1,408,709 At valuation 0 0 0 58,454 66,810 406 000030,598 15,125 171,393 Accumulated depreciation write back 0 (124,574) (22,668) 0 0 0 (127) (90,253) (1,274) (25,373) 0 0 (264,269) Net book amount 171,884 783,646 109,862 58,454 66,810 406 2,896 61,196 9,359 5,597 30,598 15,125 1,315,833 85 Annual Report 2005 86 The University of Sydney Notes to the financial statements for the year ended 31 December 2005

14. Property, plant and equipment (continued) Non-com Non-com Non-com Com T&R Com T&R Com T&R Leasehold Plant & Motor Computer Commercial Student Total T&R T&R T&R land buildings infra improve- equip vehicles equip farms housing land buildings infra ments $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’00 $’000 $’000 $’000 $’000 $’000 Parent entity [University]

Year ended 31 December 2005 Opening net book amount 171,884 783,646 109,862 58,454 66,810 406 2,896 61,196 9,359 5,597 30,598 15,125 1,315,833 Revaluation increment/(decrement) 0 0 0 0 0 0 00005,272 (439) 4,833 additions/recategorisations (29) 21,406 315 0 17,043 0 372 17,748 3,019 1,359 0 0 61,233 Disposals/retirements 0 (5,521) 0 0 0 0 0 (6,793) (2,803) (39) 0 (800) (15,956) Depreciation expense 0 (18,425) (2,808) 0 (1,361) (17) (68) (6,358) (245) (2,998) (95) (286) (32,661) Close net book amount 171,855 781,106 107,369 58,454 82,492 389 3,200 65,793 9,330 3,919 35,775 13,600 1,333,282

As at 31 December 2005 Cost 171,855 922,931 132,845 0 0 0 3,395 162,404 10,849 25,817 0 0 1,430,096 At valuation 0 0 0 58,454 83,853 406 000035,775 13,600 192,088 Accumulated depreciation write back 0 (141,825) (25,476) 0 (1,361) (17) (195) (96,611) (1,519) (21,898) 0 0 (288,902) Net book amount 171,855 781,106 107,369 58,454 82,492 389 3,200 65,793 9,330 3,919 35,775 13,600 1,333,282 Notes to the financial statements 87 for the year ended 31 December 2005

Notes Economic entity Parent entity [Consolidated] [University] 2005 2004 2005 2004 $’000 $’000 $’000 $’000 Annual Report 2005

15. Heritage assets Works of art – University collection Balance 1 January 29,847 28,365 29,847 28,365 Add: acquisitions 160 121 160 121 revaluation 622 1,361 622 1,361 Balance 31 December 30,629 29,847 30,629 29,847

Rare books Balance 1 January 62,537 61,421 62,537 61,421 Add: acquisitions 112 303 112 303 revaluation 1,255 817 1,255 817 Less: retirements (51) (4) (51) (4) Balance 31 December 63,853 62,537 63,853 62,537

Museum collection Balance 1 January 70,195 69,576 70,195 69,576 Add: acquisitions 0 632 0 632 Less: retirements 0 (13) 0 (13) Balance 31 December 70,195 70,195 70,195 70,195

Total heritage assets 164,677 162,579 164,677 162,579

16. Library collections Undergraduate collection Balance 1 January 46,402 45,757 46,402 45,757 Add: acquisitions 751 645 751 645 47,153 46,402 47,153 46,402 Less: disposals (279) 0 (279) 0 Balance 31 December 46,874 46,402 46,874 46,402 Less: accumulated depreciation (44,914) (44,627) (44,914) (44,627) Written down value 31 December 1,960 1,775 1,960 1,775

Research collection Balance 1 January 492,311 487,978 492,311 487,978 Add: acquisitions 4,671 4,946 4,671 4,946 Less: retirements (5,921) (613) (5,921) (613) Balance 31 December 491,061 492,311 491,061 492,311

Total library collections 493,021 494,086 493,021 494,086 88 The University of Sydney Year ended 31December2004 lsn e okaon 1,5 10,552 9,853 10,553 9,854 Closing netbookamount Year ended 31December2005 Closing netbookamount Intangibles–computersoftware As at1January2004 17. for theyearended31December2005 Notes tothefinancialstatements Net bookamount pnn e okaon 4884,897 10,232 4,898 10,232 chargeAmortisation Add: completedmajorITcomputersoftware Opening netbookamount pnn e okaon 9849,853 7,290 9,854 (5,596) 7,290 10,493 (5,596) 10,494 chargeAmortisation Add: completedmajorITcomputersoftware Opening netbookamount Less: accumulatedamortisation Major ITcomputersoftware atcost cnmcett Parent entity Economic entity Cnoiae][University] [Consolidated] 526 (5,276) (5,276) 651 (6,591) (6,591) ’0 $’000 $’000 ,9 4,897 4,898 Notes to the financial statements 89 for the year ended 31 December 2005

Notes Economic entity Parent entity [Consolidated] [University] 2005 2004 2005 2004 $’000 $’000 $’000 $’000 Annual Report 2005

18. Works in progress 18.1 Capital works in progress Balance 1 January 47,509 52,003 47,509 52,003 Add: new capital works expenditure 59,937 58,388 59,937 58,388 107,446 110,391 107,446 110,391 Less: completed capital works – non-commercial buildings 14 (19,884) (61,343) (19,884) (61,343) completed capital works – commercial buildings 14 (16,997) 0 (16,997) 0 completed capital works – leasehold improvements 14 (372) 0 (372) 0 completed capital works – non commercial T & R infrastructure 14 (288) (1,539) (288) (1,539) Balance 31 December 69,905 47,509 69,905 47,509 18.2 Major IT works in progress Balance 1 January 10,927 12,476 10,927 12,476 Add: new capital works expenditure 12,561 8,683 12,561 8,683 23,488 21,159 23,488 21,159 Less: major IT computer software capitalised 17 (7,290) (10,232) (7,290) (10,232) major IT computer software de-recognised (830) 0 (830) 0 Balance 31 December 15,368 10,927 15,368 10,927

Total works in progress 85,273 58,436 85,273 58,436

19. Other non-financial assets Livestock Balance 1 January 2,952 3,050 2,952 3,050 Add: revaluation 62 (91) 62 (91) Less: retirements 0 (7) 0 (7) Balance 31 December 3,014 2,952 3,014 2,952 Total other non-current assets 3,014 2,952 3,014 2,952

20. Payables Current OS-HELP liability to Australian Government 948 0 948 0 Joint venture liability 2,682 1,846 2,682 1,846 Creditors 38,973 35,141 38,499 35,159 Accrued expenses 15,595 5,712 15,577 5,711 Prepaid income 40,926 21,653 40,926 21,531 Deferred tax 4000 Total current payables 99,128 64,352 98,632 64,247 90 The University of Sydney aac aur 2062 (62) 0 0 62 74,123 78,266 (62) (4,143) 0 73,014 74,123 0 (1,109) 74,146 566,397 78,285 541,410 (4,139) 561,517 73,045 74,146 566,397 0 566,397 (1,101) 541,410 561,517 12,810 (4,717) 566,397 12,810 12,810 188 3,282 12,430 3,094 64 (380) 0 29,704 12,810 3,623 341 3,282 12,810 (4,717) (4,944) 12,430 Total non-current provisions 3,282 12,810 3,094 30,771 188 26,602 4,169 (380) 64 Balance 31December 29,704 Add/(less): netmovements 3,623 35,545 3,282 30,771 Balance 1January 4,774 (4,944) Other 341 Balance 31December 30,798 26,625 Add/(less): netmovements 4,173 Balance 1January 35,566 Provision leave forlongservice 30,798 Balance 31December 4,768 Increase/(decrease) inunfundedliability(professorial/widow) Increase/(decrease) inunfundedliability(SASS,SANCS,SSS) Balance 1January Deferred contributions tosuperannuationschemes 21.2 Non-current Total current provisions Balance 31December Add/(less): netmovements Balance 1January Provision leave forlongservice Balance 31December Add/(less): netmovements Balance 1January Deferred contributiontosuperannuationschemes Balance 31December Add/(less): netmovements Balance 1January Provision forannualleave 21.1 Current 21. Provisions for theyearended31December2005 Notes tothefinancialstatements oe cnmcett Parent entity Economicentity Notes 3,6 4,4 3,3 640,520 634,531 640,543 634,562 1694,9 15846,863 51,598 46,890 51,619 ’0 ’0 ’0 $’000 $’000 $’000 $’000 0520 20052004 2005 2004 Cnoiae][University] [Consolidated] 0000 Notes to the financial statements 91 for the year ended 31 December 2005

Notes Economic entity Parent entity [Consolidated] [University] 2005 2004 2005 2004 $’000 $’000 $’000 $’000 Annual Report 2005

22. Equity 22.1 Statutory funds

Capital preserved trusts Accumulated funds at the beginning of the reporting period 159,431 153,494 159,431 153,494 Plus net operating result 27,112 5,937 27,112 5,937 Accumulated funds at the end of the reporting period 186,543 159,431 186,543 159,431

Bequests Accumulated funds at the beginning of the reporting period 221,409 174,887 221,409 174,887 Plus net operating result 9,973 46,522 9,973 46,522 Accumulated funds at the end of the reporting period 231,382 221,409 231,382 221,409

ARC grants Accumulated funds at the beginning of the reporting period 13,653 11,430 13,653 11,430 Plus net operating result 4,879 2,223 4,879 2,223 Accumulated funds at the end of the reporting period 18,532 13,653 18,532 13,653

NHMRC grants Accumulated funds at the beginning of the reporting period 6,968 5,156 6,968 5,156 Plus net operating result 3,505 1,812 3,505 1,812 Accumulated funds at the end of the reporting period 10,473 6,968 10,473 6,968

Australian Government financial assistance Accumulated funds at the beginning of the reporting period 3,180 5,917 3,180 5,917 Plus net operating result 814 (2,737) 814 (2,737) Accumulated funds at the end of the reporting period 3,994 3,180 3,994 3,180

Scholarships Accumulated funds at the beginning of the reporting period 8,842 8,780 8,842 8,780 Plus net operating result 1,060 62 1,060 62 Accumulated funds at the end of the reporting period 9,902 8,842 9,902 8,842

Prizes Accumulated funds at the beginning of the reporting period 1,065 952 1,065 952 Plus net operating result (63) 113 (63) 113 Accumulated funds at the end of the reporting period 1,002 1,065 1,002 1,065

Total accumulated funds at the beginning of the reporting period 414,548 360,616 414,548 360,616 Plus net operating result 47,280 53,932 47,280 53,932 Total accumulated funds at the end of the reporting period 461,828 414,548 461,828 414,548 92 The University of Sydney eevsrvlainifatutr 05 51 38,675 (16,184) 0 817 0 37,316 85,719 (91) 26,242 7,090 0 (16,184) 6,772 0 11,574 38,675 51 62 5,272 37,316 0 85,719 1,361 (439) 0 0 26,242 817 0 (91) 6,772 1,877 7,090 11,574 5,272 1,991,470 0 (15) 0 62 (439) 1,361 0 326,813 0 0 0 2,002,314 1,877 0 69,535 0 335,828 0 1,924,171 17,112 44,088 1,991,470 (19,348) 0 0 (8,886) 0 1,934,362 10,769 (1,699,859) 69,535 0 2,002,314 0 (20,473) Revaluation investments 8,940 1,703 120,307 44,088 10,191 Total ofassetrevaluation reserves (1,701,703) 18,905 Reserves revaluation infrastructure (1,125) 109,815 Reserves revaluation land 10,769 15 (8,886) Reserves revaluation 138,727 studenthousing 15 120,307 Reserves revaluation farms (1,844) 17,112 Reserves revaluation assetother 120,307 0 Reserves revaluation livestock 109,815 210,664 0 Reserves revaluation buildings 138,727 0 Reserves revaluation works art 1,660,499 216,998 (19,348) 124,945 Increase (decrease) inreserves arisingfrom revaluations 120,307 0 0 (8,886) 210,754 (38,922) 210,664 0 Balance 31December 17,112 Outside equityinterest 217,088 0 (19,348) 124,945 Revaluation increments andadjustments Less: transferstoretained surplus (438) 0 1,660,499 Less: transferrealised gainsfrom reserves 1,660,499 (38,922) 210,754 90 Add: transferstoreserves andretained surplus 0 1,660,499 Balance 1January (8,886) 0 0 Total reserves 1,660,499 (16,184) Balance 31December 0 1,660,499 Revaluation 37,316 Less: transfersfrom reserves Add: transferstoreserves (438) (1,660,499) Balance 1January 0 (16,184) Associates reserves 85,719 Balance 31December Revaluations 37,316 Less: reserves transferred toretained surplus 6,772 Add: reserves transferred from retained surplus (1,660,499) Less: realised (gains)transferred from reserves Balance 1January 85,719 Available-for-sale investmentsrevaluation reserve Balance 31December Revaluations 6,772 Less: realised (losses)transferred from reserves Add: realised gainstransferred toreserves Balance 1January Property, plantandequipmentrevaluation reserve Balance 31December Less: reserves transferred toretained surplus Balance 1January Initial assetvaluationreserve 22.2 Reserves 22. Equity (continued) for theyearended31December2005 Notes tothefinancialstatements oe cnmcett Parent entity Economicentity Notes 4086,3 40869,535 44,088 69,535 44,088 ’0 ’0 ’0 $’000 $’000 $’000 $’000 0520 20052004 2005 2004 Cnoiae][University] [Consolidated] 0000 Notes to the financial statements 93 for the year ended 31 December 2005

Notes Economic entity Parent entity [Consolidated] [University] 2005 2004 2005 2004 $’000 $’000 $’000 $’000 Annual Report 2005

22. Equity (continued) 22.3 Retained surplus Retained surplus at 1 January 434,817 408,212 434,106 406,743 Plus net operating result for the year* 68,686 25,015 68,654 25,127 Transfer (to)/from reserves 1,701,688 1,568 1,699,859 2,236 Minority interest (7) 22 0 0 Retained surplus at 31 December 2,205,184 434,817 2,202,619 434,106 * Excludes amount set aside for statutory funds (see note 22.1).

23. Minority interest Interest in: Share capital 15 15 0 0 Reserves 0 0 0 0 Retained surplus (15) (22) 0 0 Total minority interest 0 (7) 0 0

24. Revenue recognition In general, revenue is recognised, where it can be reliably measured, in the period to which it relates. However, where there is not an established pattern of income flow, revenue is recognised on a cash receipts basis. Revenue, excluding deferred income government contributions for superannuation, was derived from:

Operating activities 930,490 838,118 929,900 838,183 Support activities 103,661 95,977 102,670 95,667

Total 1,034,151 934,095 1,032,570 933,850

25. Commitments for expenditure** Capital expenditure commitments Within 1 year 58,037 52,512 58,037 57,763 Later than 1 year and not longer than 5 years 4,661 0 4,661 0 62,698 52,512 62,698 57,763 Operating lease commitments Within 1 year 3,847 2,707 3,847 2,707 Later than 1 year and not longer than 5 years 6,417 5,171 6,417 5,171 Later than 5 years 11 2 11 2 10,275 7,880 10,275 7,880 Other non-payroll expenditure commitments Within 1 year 16,057 14,357 16,057 14,357 16,057 14,357 16,057 14,357 ** Commitments are GST inclusive. 94 The University of Sydney Schemes onanemerging costbasis.Theeventsalsoincludethe Commonwealth Government,togetherwiththeStatetomeetunfundedliabilityforUniversity’s StateSuperann for superannuationschemesonthebasisofanumberpastevents.Theseeventsincludecorrespondence thatprovides forthe AmountsowingbyCommonwealthandStategovernments Since 1987,theUniversityhasrecognised amountsowingfrom theCommonwealthandStategovernmentsforunfundeddeferred liabi 29. the directors ofthesubsidiariesreceived noremuneration duringtheyearfortheirservicesasdirectors. Remunerationofdirectors (asdefinedunderthe from servingonSenatereceivingApart membersofstaff remuneration aspertheiremploymentconditions,themembersof Sen 28. since 1January2005. As aresult oftheagreement betweenthetwouniversities,pendingenactmentoflegislation,CSUhasmanagedOrangeCam It isintendedthatthetransferwilltakeplaceduring2006. prepared. Education andTraining forsuch atransferandarrangementsare hasindicatedsupport beingmadeforthenecessarylegislation with abriefingpaperanddraftinginstructionsforNSWParliamentaryCounselinrelation totheproposed transfer. TheNSWMin ofbothuniversitiesprovidedThe Vice-Chancellors theNSWMinisterforEducationandTraining andtheNSWMinisterforPrimary Science andTraining thatadditionalfundedplaceswouldbemadeavailableacross arangeofdisciplinesanduniversities. University(CSU).TheproposalSturt followedtheannouncementinJuly2004byCommonwealthGovernmentMinisterforEducati The SenateoftheUniversitygaveitsapproval inNovember2004fortheproposed transferoftheUniversity’s OrangeCampusto Transfer ofOrangeCampus date Eventsoccurringafterreporting 27. by clawbackpaymentarrangementswhichcanbeservedontheoperatorandsummerincomenetoperatingprofits. when overalloccupancyfallsbelow98%.Anypaymentsmadeunderthisdeedare considered nottobematerialastheycanfirstly graduallyreduceswhich isownedbyCarillonAvenuePtyLtd.Thisfinancialsupport toniloverthefirst20yearsandcanonly ofbedvacancieswhichmayoccurattheSydneyUniversityVi insupport financialundertakings The Universityhasgivencertain Deed–CarillonAvenuePtyLtd Occupancy Support amount of$33,488. Consequent upontheHIHInsuranceGroup beingplacedinprovisional liquidationon16March 2001there isoneoutstandingclaim insurance. The Universitycurrently hasnosignificantlegalclaimsoutstanding,noranyoutstandingwhichare notcovered byappro 26. Contingent liabilities in note9asnon-current receivable. The amountowinginrespect ofthese schemesasat31December2005was$514,985,583(2004:$526,848,323)andthisisreflected view thattheCommonwealthandStategovernmentswillcontinuetoprogressively meetthisamountinaccordance withcurrent pra estimates islessthanthetimeperiodwhichCommonwealthGovernmentwouldrequire tomeetitsobligations,theUniversity amounts betweentheStateGovernment,CommonwealthGovernmentandUniversity, andthethree-year lifeoftheforward bu Commonwealth’s three-year forward program. Whilstthere isnoformalagreement andtherefore noguaranteeregarding thesespeci for theyearended31December2005 Notes tothefinancialstatements Funding Act 1988 Act Funding and subsequentamendinglegislationwhichauthorisesannualexpenditure, andestimatesfortheexpenditure inthe State Grants (General Reserve) Amendment Act 1987 Act Amendment Reserve) (General Grants State Public Finance and Audit Regulation 1985 s4(1)(I) 1985 Regulation Audit and Finance Public , Higher Education Higher becalledupon priate llage (SUV) ister for Industries to be is ofthe Charles uation inthe beoffset ctice. pus fic ate and on, dget lity ) Notes to the financial statements 95 for the year ended 31 December 2005

30. Superannuation plans State Authorities Trustee Corporation The University maintains a reserve account within the State Authorities Superannuation Trustee Corporation to assist in financing the employer contributions to the State Authorities Superannuation Scheme (SASS), the State Authorities Non-Contributory Scheme (SANCS) and Annual Report 2005 the State Superannuation Scheme (SSS).

Economic assumptions used in the assessment were: 2005 2004 p.a. p.a. Discount rate 5.3% 5.4% Rate of general salary increase 4.0% 4.0% Rate of increase in CPI Sydney, all groups 2.5% 2.5%

The change in the actuarial assessment of superannuation as at 31 December 2005 provided by the State Authorities Superannuation Board resulted in a negative deferred income item of ($11,862,740) (2004: positive $22,955,000) that is offset by a negative expenditure item under Deferred Employee Benefits for Superannuation (see note 3.1). Actuarial gains and losses are recognised immediately in profit and loss in the year in which they occur. These schemes are all defined benefit schemes – at least a component of the final benefit is derived from a multiple of member salary and years of membership. All these three schemes are closed to new members (SASS, SANC and SSS). Professorial Superannuation Scheme The Professorial Superannuation Scheme is closed to new members and provides active members with a combination of accumulation benefits and defined benefits. Pensioner members receive pension payments from the system. The Defined Benefits Section of the system provides members with an optional funded Widows’ Contributory Pension; an optional funded Spouses’ Contributory Pension; and an unfunded Non-Contributory Pension payable from age 65. These benefits are fully funded by contributions from system members and the University. Accumulation benefit entitlements are not included – for these members assets and liabilties are always equal in value and so have no impact on the University’s net liability. The gross liability for the University of Sydney Professorial Superannuation System was based on the Alea Actuarial Consulting Pty Ltd assessment as at 31 December 2005. The economic assumptions used in the assessment were: 2005 2004 p.a. p.a. Discount rate 5.3% 5.5% Rate of general salary increases 4.5% 4.5% Liability A net unfunded liability for retirement benefits of $537,226,583 (2004: $549,025,323) is included in the Balance Sheet as $533,603,583 within non-current liability and $3,623,000 current liability. $514,985,583 of this is payable by the Commonwealth and State governments (refer note 29).

Liability and prepaid contributions comprise the following SASS SANCS SSS Professorial Total $’000 $’000 $’000 $’000 $’000 Gross liability assessed by actuaries 31-12-05 71,058 32,233 891,226 22,241 1,016,758 Less: estimated reserve account balance (93,227) (13,020) (367,616) 0 (473,863) (22,169) 19,213 523,610 22,241 542,895 Future service liability (28,111) (9,959) (21,846) 0 (59,916) Surplus in excess of recovery available from schemes 0 0000 Net liability/(prepaid superannuation asset) (22,169) 19,213 523,610 22,241 542,895 96 The University of Sydney nltoayslr nrae .%3.5% 8.6% 9.1% 3.5% 6.5% 7.0% such arequest maybemadeinthefuture butitconsidered thiswasunlikelyatthattime. to increase contributionstheTrustee mustreduce benefitsonafairandequitablebasis.TheTrustee notifiedemployersduring contribute additionalcontributionsequaltoone-halfoftherateatwhichtheiremployerisprepared tocontribute.Ifemploye years’ noticethatsucharequest maybemadeisrequired. Ifsucharequest wasagreed tobytheemployersthenmembersmusta employers iftheUniSuperassetsare considered bytheTrustee toprovide tobeinsufficient benefitspayableundertheDeed.A process (includingemployernotificationsandnoticeperiods)inorder UniSupermustundertake torequest additionalcontributi Assets havebeenincludedattheirnetmarketvalue,i.e.allowingforrealisation costs.Clause34ofthe UniSuperTrust Deed (additional promotional salaryincreases are assumedtoapplybasedonpastexperience) Inflationary salaryincreases Consumer priceindex Net oftaxinvestmentreturn Gross oftaxinvestmentreturn The financialassumptionsusedwere: demographic assumptionsoutlinedintheirreport dated16May2003ontheactuarialinvestigationofDBPasat31December The vestedbenefitsandaccruedbenefitliabilitieswere determinedbythefund’s actuaryRussellEmployeeBenefits,usingthe indexed pensionerswhicharisefrom membershipofUniSuperuptothereporting date. accrued benefits.Thebenefitshavebeencalculatedasthepresent valueofexpectedfuture benefitpayabletomembers pensions beingprovided bytheDBP. Asat30June2005theassetsofDBPinaggregate were estimatedtobe$1,543minexces institution)andincludethevalue upon continuedmembership(oranyfactorotherthanleavingtheserviceofparticipating DBP inaggregate were estimatedtobe$230minexcessofvestedbenefits. Thevestedbenefitsare benefitswhichare notcondit employers’contributions.Asat30June2005 theass improve theamountofparticipating members’benefitsandhasnotaffected employers’contributions.Historically, theamountofparticipating orisexpectedtoaffect, affects, surplusintheDBPhasb employers.Asat30June2005thereobligation, planassetsandcosttoparticipating isnofundingsurplusordeficitwhichcu employers,withtheresultand formeremployeesofotherparticipating thatthere isnoconsistentandreliable basisofalloca employeestoactuarialriskassociatedwitht basis. AssetoutunderPara32(b)ofAASB119,theDBPexposesparticipating informationisnotavailabletoaccountforthedefinedbenefitsprovidedsector-wide basis,sufficient bytheDBPonaunivers Scheme forAustralianUniversities(SSAU)calledtheUniSuperDefinedBenefitPlan(DBP).WhilstliabilitiesofDBPare oftheSuper In additiontotheabovestatesuperannuationschemesUniversitycontributesadefinedbenefitplanaspart Superannuation SchemeforAustralianUniversities Superannuationplans(continued) 30. for theyearended31December2005 Notes tothefinancialstatements eeisbenefits benefits etdAccrued Vested .%2.5% 2.5% een usedto rs donotagree knownona ity-by-university ting the ofCPIindexed outlines the ons from rrently actuarial 2003that annuation t leastfour he current and CPI ets ofthe ional 2002. lso s of Notes to the financial statements 97 for the year ended 31 December 2005

31. Subsidiaries

Ownership Interest Annual Report 2005 Country of 2005 2004 incorporation

Parent entity University of Sydney Australia 100% 100%

Subsidiaries Wentworth Annexe Limited was incorporated in 1987 as a company limited by Australia The University The University guarantee. The objects include the administration of the planning and construction approves the approves the of the Wentworth Annexe and other building works the University of Sydney Students’ appointment of appointment of Union may wish to undertake. A summary of the company’s results is shown below. directors directors

Rural Australia Foundation Limited was incorporated in 1979 as a company limited Australia The University The University by guarantee. Principal activities include the operation of Agrimart Bookshop and approves the approves the externally funded projects in cooperation with the University. A summary of the appointment of appointment of company’s results is shown below. directors directors

I-Care Medical Pty Limited was acquired by the University in order to take Australia 83.33% 83.33% commercial advantage arising out of patents. A summary of the company’s results is shown below.

Elastagen Pty Limited known as Ucom Nine Pty Limited previously was set up by Australia 100% 100% the University initially as a non-operating company in order to take commercial advantage arising out of patents. A summary of the company’s results is shown below.

Ucom Ten Pty Limited was set up by the University initially as a non-operating Australia 100% 100% company in order to take commercial advantage arising out of patents. A summary of the company’s results is shown below.

Ucom Six Pty Limited was set up by the University initially as a non-operating Australia 50% 50% company in order to take commercial advantage arising out of patents. It has no activity since 2004.

Ucom Sixteen Pty Limited was set up by the University initially as a non-operating Australia 100% 100% company in order to take commercial advantage arising out of patents. A summary of the company’s results is shown below.

Ucom Seven Pty Limited, Nucleos Pty Limited known as Ucom Eight Pty Limited Australia 100% 100% previously, Ucom Eleven Pty Limited, Ucom Twelve Pty Limited, Ucom Fourteen Pty Limited, Ucom Fifteen Pty Limited, Ucom Sixteen Pty Limited, and Ucom Seventeen Pty Limited were set up by the University initially as non-operating companies in order to take commercial advantage arising out of patents. 98 The University of Sydney Net assets Surplus/(deficit) Gross income Ucom SixteenPtyLimited* Net assets Surplus/(deficit) Gross income Ucom Ten PtyLimited* Net assets Surplus/(deficit) Gross income Elastagen PtyLimited* Net assets Surplus/(deficit) Gross income I-Care MedicalPtyLimited* Net assets Surplus/(deficit) Gross income Rural AustraliaFoundationLimited Net assets Surplus/(deficit) Gross income Wentworth AnnexeLimited usdaisa t3 eebr20 a bv)109(2)97 (224) 1,009 Subsidiaries asat31December2005(asabove) Summaryofresults of 31.1 Pty Limited,UcomFifteenLimitedandSeventeendidnothaveanyactivityin2004or2005. Ucom SixPtyLimited,NucleosSevenElevenTwelve2005. PtyLimited,Ucom Fourt December 31 to The gross2004 incomesoftheabovesubsidiarieswere eliminatedforintragroup sales. July 1 covering results Note: months 18 are results 2005 * 31. Subsidiaries (continued) for theyearended31December2005 Notes tothefinancialstatements subsidiaries in2005 rs noe upu/dfct Netassets Surplus/(deficit) Gross income ,0 ,0 $,000 $,000 $,000 ’0 $’000 $’000 2005 2004 29 (2) (2) (209) (207) 8 4 308 281 204 305 661 2)(54) (21) 90 24 19 44 3 35 (3) (6) (6) 10 10 0 6 168 0210 00 00 44 een Notes to the financial statements 99 for the year ended 31 December 2005

32. Investments in associates Investments in associates are accounted for in the financial statements using the equity method of accounting. Information relating to the associates is set out below:

Ownership interest Carrying amount Annual Report 2005 Name of entity Principal activity 2005 2004 2005 2004 $’000 $’000

Australian Technology Park Innovations Pty Ltd (ATPI) Business incubation 25% 25% 5,191 5,289 SunPrime Seeds Pty Ltd* Commercial seed sales n/a 33.33% 0 391 Ucom Two Pty Ltd Commercialisation of research 50% 50% 2 2 Universal Solar and Surface Science Pty Ltd (previously University of Solar Science Pty Ltd) Commercialisation of research 50% 50% 2,080 2,753 University of Sydney Foundation Program Pty Ltd Education programs 50% 50% 44 3 Nuflora International Pty Ltd Commercialisation of research 38% 38% 163 180 Benthic Geotech Pty Ltd Commercialisation of research n/a 22% 0 3 (previously SCDUT Pty Ltd)** Acumine Pty Ltd Commercialisation of research 33.33% 33.33% 103 0 Evisense Pty Ltd*** Commercialisation of research 47% 47% 0 0 ZingoTx Pty Ltd Commercialisation of research 24.96% n/a 64 0 Sport Knowledge Australia Pty Ltd**** Sports science and management 33.33% 33.33% 691 0 8,338 8,621

For the purposes of the University’s final accounts and due to the lack of audited or published accounts: 1. The University’s equity interest at 31 December 2005 is based on audited accounts for: (a) as at 30 June 2005: Australian Technology Park Innovations Pty Ltd Universal Solar and Surface Science Pty Ltd (previously University of Solar Science Pty Ltd) Benthic Geotech Pty Ltd (previously SCDUT Pty Ltd) Nuflora International Pty Ltd Sport Knowledge Australia Pty Ltd 2. The University’s equity interest at 31 December 2005 is based on management accounts for: (a) as at 30 June 2005: Evisense Pty Ltd Ucom Two Pty Ltd ZingoTx Pty Ltd University of Sydney Foundation Program Pty Ltd (b) as at 30 November 2005: Acumine Pty Ltd

* SunPrime Seeds Pty Ltd was sold in 2005 and in turn allotted 10% shareholding of Australian Grain Technologies Pty Ltd; the carrying amount for SunPrime Seeds Pty Ltd has been written off as at 31 December 2005. The investment in Australian Grain Technologies Pty Ltd is recognised as other non-current financial asset. ** The shareholding of Benthic Geotech Pty Ltd in 2005 was changed to 6%, therefore it was not an associate and recategorised as other non-current financial asset. The carrying amount $3k has been written off as at 31 December 2005. *** The carrying amount of Evisense Pty Ltd in 2005 is in deficit of $7k and therefore in accordance with AASB 128 the investment has been recorded as zero. **** Previously known as International Centre of Excellence in Sports Science and Management Pty Ltd. In addition the University has interests in Australian Photonics Pty Ltd (APPL) and its subsidiary Redfern Photonics Pty Ltd. APPL is the commercialisation of the Australian Photonics Cooperative Research Centre (CRC). APPL and its subsidiaries are currently under administration. 100 The University of Sydney hr foeaigpois(oss fe noetx(8)(1,350) 0 (283) 9,971 0 8,621 Share ofincrement/(decrement) onrevaluation oflandandbuildings Share ofoperatingprofits (losses)afterincometax Carrying amountsofinvestmentsatthebeginningyear Movements incarryingamountsofinvestments Total liabilities Total assets Operating profits/(losses) before incometax Revenues hr fascae nrae(erae ncptl(,2)578 10,191 10,769 (1,829) 0 (1,350) (1,334) 0 (283) 33 8,621 (2,148) 8,338 (602) (220) (2,148) Balance attheendoffinancialyear Share ofassociatesincrease/(decrease) onrevaluation oflandandbuildings Share ofassociatesincrease/(decrease) incapital Balance atthebeginningoffinancialyear Associates capitalreserve attributabletoassociates Reserves Retained profits (losses)attributableto associatesattheendoffinancialyear Retained profits (losses)attributableto associatesatthebeginningoffinancialyear Transfer to/(from) reserves Operating profits (losses)afterincome tax Income taxbenefits/(expense) Operating profits (losses)before incometax Share ofassociate’s operatingresult Carrying amountattheendoffinancialyear months accountsto31December2005theresults ofthecompanyare: The Universityhasrecorded thevalueofshares itreceived asavailable-for-salefinancialassets,atitsfairvalue.Base In accordance withAASB128thefollowingdisclosures are provided: does itexercise ofthecompany. significantinfluenceovertheday-to-dayaffairs company. TheUniversityhasnotappointedadirector toitsboard andaccordingly inpolicy-makingprocess doesnotparticipate accounted thisinvestmentinaccordance withAASB128InvestmentsinAssociatesasitdoesnotexercise significantinfluenceo Investmentsinassociates(continued) In December2005theUniversityacquired a34%interest inMedicalTherapies Limited,bywayofanIPO.TheUniversityhasnot 32. for theyearended31December2005 Notes tothefinancialstatements ’0 $’000 $’000 ,4 10,769 8,940 (578) 1,829 2005 2004 36 (16) (316) Economic entity [Consolidated] d onauditedsix es, nor ver the equity (1,019) $’000 5,228 76 35 Notes to the financial statements 101 for the year ended 31 December 2005

33. Interests in joint venture partnership

Name of joint venture partnership Principal activity Ownership interest

2005 2004 Annual Report 2005

Nanostructural Analysis Network Organisation Facilitate commercial outcome of the Major National Research Facility 27.4% 27.4%

Notes [Consolidated] 2005 2004 $’000 $’000

Equity accounted investment Carrying amount of investment in partnership Carrying amount at the beginning of the financial year 2,606 1,345 Share of profits from ordinary activities before income tax 539 1,261 Carrying amount at the end of the financial year 3,145 2,606

Share of partnership’s assets and liabilities Current assets Receivables 2,878 2,043 Non-current assets Plant and equipment 2,035 2,331

Total assets 4,913 4,374

Non-current liabilities Payables 1,768 1,768 Total liabilities 1,768 1,768

Net assets 3,145 2,606

Share of partnership’s revenues, expenses and results Operating revenue 4,502 3,874 Operating expenses 3,963 2,613 Net operating result before income tax 539 1,261

Retained surplus At the beginning of the financial year 2,606 1,345 At the end of the financial year 3,145 2,606

Share of partnership’s commitments There are no lease commitments and capital commitments at the end of financial year. Contingent liabilities relating to joint ventures Each of the partners are jointly and severally liable for the debts of the partnership and the share of partnership’s contingent liabilities in respect of guarantees of bank loans to employees. The assets of the partnership exceed its debts. The parent entity has guaranteed a bank loan of a participant in the joint venture.

34. Investments accounted for using the equity method 34.1 Summary of results of associates and joint venture partnership before income tax: Associated entities 32 33 (1,334) Joint venture partnership 33 539 1,261 572 (73) 34.2 Summary of net assets of associates and joint venture partnership: Associated entities 32 8,338 8,621 Interest in joint venture partnership 33 3,145 2,606 Total investments accounted for using the equity method 11,483 11,227 102 The University of Sydney the BalanceSheetasappropriate. legal entityisestablishedandtheUniversity’s share ofthenewentityistreated asaninvestment,jointventure, associate contributions andisnotincludedintheBalanceSheet.IneventthataCRCresearch results inamovetocommercialisation Contributions incashandin-kindare expensedandincludedintheIncomeStatement.Theinterest %represents theUniversity’s NewCRC: (b) Developingfrom anexistingCRC: (a) 30 June2005.Theseare: total agreed contributionofallventurers. Thecontributionsare foryearto30June2005.ThefollowingnewCRCswere establi The Universityhasaninterest inthefollowingjointventures inthesameproportion asthetotaleconomicentitycontribution on thismatterare beingheldwiththeCompanyanditsmembers. Statement. InDecember2005theUniversitygaveformalnoticethatitproposed towithdrawfrom thejointventure operation.Di of excellenceforteachingandresearch inbusiness.TheUniversityprovides annualfundingwhichisrecognised asexpensesin of NewSouthWales. Theuniversitiestogetherformedanon-profit companylimitedbyguaranteeforthepurpose ofproviding an Jointventure operations interestThe Universityhasa33.3%participating intheAustralianGraduateSchoolofManagement(AGSM)jointventure withthe 35. for theyearended31December2005 Notes tothefinancialstatements ehooypoie fcoc ogoa euiisbsnse/akt.1.2 1,149 2,997 1,608 456 16.12% 0 23.83% theseaims. further 15.98% CMTE DevelopmentLimited,acompany limitedbyguarantee,wasestablishedto safety andproductivity enhancingtechnologiestotheAustralianmining industry. 250 CRC forMiningTechnology andEquipment,the principalactivityofwhichistodeliver 7.28% integrated program ofbasic,strategicandappliedresearch, education andtraining. 7.74% innovations andadvancesinqualitywheatproducts andprocesses through an CRC forValue AddedWheat,theprincipalactivityofwhichisto stimulate commercial technology provider ofchoicetoglobalsecuritiesbusinesses/markets. 4.00% underpin theresearch ofenterprisesstrivingtobethe anddevelopmenteffort CRC forTechnology 557 EnabledCapitalMarkets,theprincipalactivityofwhichisto increased andimprovements exports, inthemanagementofsoil andwaterresources. increased production efficiency, increased revenue from newvalueadded products and economic contributionofthericeindustrytoregional andnationaleconomythrough CRC forSustainableRiceProduction, theprincipalactivityofwhichistoincrease the CRC forPolymers,theprincipalactivityofwhichisresearch intopolymersynthesis. 591 7.88% innovative dairyproducts usinggenomic technology. CRC forInnovativeDairyProducts, the principalactivityofwhichisthedevelopment benefit totheconstructionindustryandcommunity. thefinancial,environmentaland sustainableconstructedassetstofurther andsocial CRC forConstructionInnovation,theprincipalactivityofwhichistodeliverinnovative 3.39% Australia andtheworld. is toimprove communicationforthe millions ofhearing-impaired adultsandchildren in CRC forCochlearImplant,SpeechandHearingResearch, theprincipalactivityofwhich new biologicalcontrol agentsforAustralia’s mostdamagingpestanimals. CRC forBiologicalControl ofPestAnimals, theprincipalactivityofwhichistodevelop of collaborativeresearch, education andtheadoptionofsustainablefarmingsystems. development andgrowth oftheAustralian cottonindustrythrough theapplication CRC forAustralianCotton,theprincipalactivityofwhichistoenhance CRC foranInternationallyCompetitivePorkIndustry. CRC forPolymers. CRC forAsthmaandAirways(previously CRCforAsthmaLimited); Cotton CatchmentCommunitiesCRC(previously AustralianCottonCRC); Australasian InvasiveAnimalCRC(previously CRCforAsthmaLimited); Interest Contributions cash .7 0 4.77% 38 0.62% and in-kind2005 or subsidiaryin bearstothe aseparate shed after share of the Income University scussions ew centre $’000 Notes to the financial statements 103 for the year ended 31 December 2005

35. Joint venture operations (continued)

Interest Contributions cash and in-kind 2005 $’000 Annual Report 2005

CRC for Advanced Composite Structures, the principal activity of which is to conduct research and development programs into the design, manufacture, testing, durability and supportability of advanced composite structures. CRC for Advanced Composite Structures Limited, a company limited by guarantee, was established to further these aims. 9.56% 560 CRC for Asthma, the principal activity of which is to reduce the burden of asthma on the Australian community. CRC for Asthma Limited, a company limited by guarantee, was established to further this aim. 9.89% 449 CRC for Welded Structures, the principal activity of which is to maximise the economic, environmental and social benefits to Australia through collaborative research, technology transfer and education in the total product life cycle engineering of welded structures. CRC for Welded Structures Limited, a company limited by guarantee, was established to further these aims. 3.21% 141 CRC for Smart Internet Technology combines research in artificial intelligence, social interaction and network development to create enabling technologies for smart Internet applications to allow users to manage complexity. 6.56% 1,470 Australian Photonics CRC develops technologies for next generation systems, subsystems and components for sensors and communication networks. 11.88% 2,543 CRC for Sustainable Resource processing, the principal activity of which is the development of a science and technology platform for finding, implementing and monitoring profitable and innovative ways for sustainable mineral resource processing. 7.22% 582 CRC for Mining, the principal activity of which is the development of a range of new technologies and processes to generate major improvements in the way mining operations are conducted. 13.93% 988 CRC for Australian Biosecurity for Emerging Infectious Disease, the principal activity of which is to enhance the national capacity to respond to emerging infectious diseases by developing new capabilities to detect, monitor, assess, predict and respond to emerging infectious disease threats. 3.74% 315 104 The University of Sydney aha akado ad868072676532 148,480 128,513 6,716 148,480 742 128,513 8 6,840 8 Cash equivalents Cash atbankandonhand Ices)dces nsbiire 4 0 1,915 (6,659) (2,431) 0 (22,955) 399 0 (8,514) 33,548 11,863 (754) (2,422) (4) 1,924 454 14,394 2,113 (7,922) (6,471) (5,010) 1,487 0 (8,512) 31,710 41,909 11,863 33,714 392 1,229 0 (564) (708) (3,792) (994) 12,372 (5,599) 44,488 0 2,113 (5,010) 449 1,487 (6,499) 41,909 (5,655) (9,254) (3,792) 1,229 44,488 (5,679) 12,372 (1,054) 1,350 The accountsandbalancesare: The balancesshownare inAustralian dollarequivalentasat31December2005. (9,254) Included inthecash/bankbalancesofUniversityare thefollowingforeign currency accounts. 283 Net cashprovided byoperatingactivities Non-cash adjustmentforsuperannuation 3.6 Increase/(decrease) innon-current liabilities Increase/(decrease) inprovisions Increase/(decrease) inpayables (Increase)/decrease inotherassets (Increase)/decrease insubsidiaries (Increase)/decrease injointventure operationandassociates (Increase)/decrease inreceivables (Increase)/decrease ininventories Non-cash otherincomeandbequests Non-cash investmentamortisation Non-cash investmentincome (Gain)/loss onsaleoffixedassets Retired assetswrittenoff Depreciation expense Net operatingresult Reconciliationofnetoperatingresult tonetcashinflow 36.2 in thestatementofcashflowsisreconciled totherelated itemsintheBalanceSheetasfollows: from thedateofdepositandhaveaninsignificantriskachangeinvalue.Cashatendreporting periodasshown cash toincludeonhandandequivalentswhichare terminvestmentswithamaturitydateofthree short monthsorless For thepurposesofstatementcashflows,andinaccordance withAASB107CashFlowStatement,theUniversityconsiders Reconciliation ofcash 36.1 Notestothecashflowstatements 36. nls on akacut ,6 1,972 928 1,460 1,806 Euro bankaccount English Poundbankaccount United Statesdollarbankaccount for theyearended31December2005 Notes tothefinancialstatements oe cnmcett Parent entity Economicentity Notes 3,5 4,2 3,2 149,012 135,229 149,222 135,353 8,6 1,4 8,5 119,789 186,258 119,744 186,065 79,059 115,934 78,947 115,966 ’0 ’0 ’0 $’000 $’000 $’000 $’000 0520 20052004 2005 2004 Cnoiae][University] [Consolidated] 1300 ’0 $’000 $’000 ,0 3,358 3,503 3 458 237 Notes to the financial statements 105 for the year ended 31 December 2005

37. Financial instruments The following table details the economic entity’s exposure to interest rate risk as at 31 December 2005:

Fixed interest rate maturity Annual Report 2005 Average Variable Less 1 to 5 More Non- Total interest interest than 1 years than 5 interest rate rate year years* bearing 2005 % $’000 $’000 $’000 $’000 $’000 $’000 Financial assets Cash 5.10 135,353 135,353 Receivables (excl. prepaid) 35,539 35,539 Non-current receivables 537,231 537,231 Govt and govt guaranteed stock 9.03 46,798 15,994 51,181 113,973 Bank securities and deposits 5.99 56,017 179,984 40,848 276,849 Non-government securities 6.42 4,930 53,752 35,659 94,341 Secured company loans 8.03 8,653 8,653 Mortgage 7.00 165 165 Shares – quoted 88,044 88,044 Shares – unquoted 7,110 7,110 Freehold 14,425 14,425 Ext. fund managers – domestic equities 189,118 189,118 Ext. fund managers – foreign equities 123,412 123,412 Ext. fund managers – property equities 34,403 34,403 Loans to affiliated organisations 5.92 3,938 3,938

Total financial assets 135,353 107,745 253,668 136,506 1,029,282 1,662,554

Weighted average interest 6.48 Financial liabilities Other current liabilities 19,229 19,229 Creditors 38,973 38,973 Provisions for employee entitlements 686,181 686,181 Total financial liabilities 0 0 0 0 744,383 744,383 Net financial assets (liabilities) 135,353 107,745 253,668 136,506 284,899 918,171

* Includes $20,009k bank securities which are interest bearing but have no maturity date. 106 The University of Sydney * Includes $20,009k bank securities which are interest bearing but have no maturity date. maturity no have but bearing interest are which securities bank $20,009k Includes * Financialinstruments(continued) The followingtabledetailstheeconomicentity’s exposure tointerest rateriskasat31December2005: 37. for theyearended31December2005 Notes tothefinancialstatements otae70 6 165 2,743 152,921 149,222 152,921 2,657 60,117 86 165 79,700 Net financialassets(liabilities) 260,080 $’000 Total financialliabilities $’000 Provisions foremployeeentitlements Creditors 6.64 Other current liabilities $’000 40,125 54,865 Financial liabilities $’000 Weighted averageinterest 150,455 5,252 8,886 7.00 5.85 Total financialassets 48,955 69,500 $’000 8,886 organisations Loans toaffiliated 149,222 30,745 Ext. fundmanagers–property equities $’000 Ext. fundmanagers–foreign equities 4.90 8.03 Ext. fundmanagers–domesticequities Freehold 6.80 % Shares –unquoted Shares –quoted 5.84 Mortgage Secured companyloans 9.78 Non governmentsecurities Bank securitiesanddeposits Govt. andgovt.guaranteedstock Non-current receivables Receivables (excl.prepaid) Cash Financial assets 2005 vrg aibeLs 1t oeNn Total Non- More 1to5 Less Variable Average neetitrs hn1yasta interest than5 years than1 interest interest aert eryas bearing years* year rate 4,2 0,9 5,2 1682937800,300 239,387 51,668 254,526 105,497 149,222 1,530,432 969,519 51,668 254,526 105,497 149,222 3,3 730,132 730,132 0 0 0 0 Fixed interest ratematurity 8,3 687,433 687,433 541,835 541,835 51135,141 35,141 26,537 87,662 26,537 35,520 87,662 82,824 35,520 82,824 35,514 35,514 ,5 7,558 7,558 6,706 6,706 Notes to the financial statements 107 for the year ended 31 December 2005

37. Financial instruments (continued) Reconciliation of net financial assets to net assets

Economic entity Annual Report 2005 [Consolidated] 2005 2004 $’000 $’000

Net financial assets as above 918,171 800,300 Non-financial assets and liabilities: Inventories 239 688 Land, buildings, plant and equipment 1,333,282 1,315,833 Heritage assets 164,677 162,579 Library collections 493,021 494,086 Capital works in progress 85,273 58,436 Intangibles 10,553 9,854 Other assets 38,550 31,549 Other liabilities (40,926) (21,653) Net assets as per statement of financial position 3,002,840 2,851,672

Interest rate risk Cash at bank, loans and investments in government bonds, debenture and bank securities and deposits are exposed to the risk that their value will fluctuate due to changes in market interest rates.

Credit risk exposure The maximum exposure to credit risk on financial assets of the economic entity, excluding investments, relates to receivables which are exposed to the risk of financial loss due to the other party to the contract failing to discharge a financial obligation. The maximum credit risk exposure in relation to receivables is the carrying amount less the provision for doubtful debts as set out in note 9. The economic entity is not materially exposed to any individual or group.

Market risk Shares, listed convertible notes and investments with managed funds are exposed to the risk that their value will fluctuate due to changes in market valuation.

Foreign currency risk Balances in the foreign currency bank accounts are in that country’s currency as part of the investment program. The University also has investments in foreign equities through external fund managers. These arrangements expose the economic entity to the risk of currency fluctuations.

Net fair value of financial assets and liabilities The net fair value of cash and cash equivalents and non-investment financial assets and financial liabilities of the economic entity approximate their carrying value. The net fair value of investment assets is based upon market prices where a market exists or at the lower of cost or net recoverable amount where no ready market exists for the investment. 38. Non-cash financing and investing activities The University had no non-cash financing or investing activities, with the exception of the following non-cash items received in 2005: books of $1.135m (2004: $1.236m) and works of art gifted to the University of $120k (2004: $77k), and museum collectibles: nil in 2005 (2004: $23k). 39. Financing facilities and balances The University has access to an unsecured overdraft facility of $5,000,000 and has no other borrowings. 108 The University of Sydney Notes to the financial statements for the year ended 31 December 2005

40. Acquittal of Australian Government financial assistance 40.1 DEST – CGS and other DEST grants Parent entity [University] ONLY Commonwealth Equity Learning Capital development grants scheme# programs* & teaching pool 2005 2004 2005 2004 2005 2004 2005 2004 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 Financial assistance received in cash during the reporting period 1 76,365 147,032 270 184 0 876 0 2,098 Net accrual adjustments 00 0000 Revenue for the period 176,365 147,032 270 184 0 876 0 2,098 Surplus/(deficit) from the previous year 65 0 0 0 0 Total revenue including accrued revenue 176,365 147,097 270 184 0 876 0 2,098 Less expenses including accrued expenses (176,365) (147,097) (270) (184) 0 (876) 0 (2,098) Surplus/(deficit) for reporting period 00000000

# Includes the basic CGS grant amount, CGS-Regional Loading and CGS-Enabling Loading. * Includes Higher Education Equity Program and Students with Disabilities Program.

Workplace Collaboration reform and structural program reform program Total 2005 2004 2005 2004 2005 2004 $’000 $’000 $’000 $’000 $’000 $’000 Financial assistance received in cash during the reporting period 2,387 0 81 250 179,103 150,440 Net accrual adjustments 00 00 Revenue for the period 2,387 0 81 250 179,103 150,440 Surplus/(deficit) from the previous year 0 0 0 0 0 65 Total revenue including accrued revenue 2,387 0 81 250 179,103 150,505 Less expenses including accrued expenses (2,387) (81) (250) (179,103) (150,505) Surplus/(deficit) for reporting period 0000 00 Notes to the financial statements for the year ended 31 December 2005

40. Acquittal of Australian Government financial assistance (continued)

40.2 Higher education loan programs Parent entity [University] ONLY HECS-HELP Australian FEE-HELP* Total Government payment 2005 2004 2005 2004 2005 2004 $’000 $’000 $’000 $’000 $’000 $’000 Financial assistance received in cash during the reporting period 82,302 83,450 34,706 16,139 117,008 99,589 Net accrual adjustments 0 0 (11,956) 5,596 (11,956) 5,596 Revenue for the period 82,302 83,450 22,750 21,735 105,052 105,185 Surplus/(deficit) from the previous year 0 0 2,910 0 2,910 0 Total revenue including accrued revenue 82,302 83,450 25,660 21,735 107,962 105,185 Less expenses including accrued expenses (82,302) (83,450) (25,660) (18,825) (107,962) (102,275) Surplus/(deficit) for reporting period 0 0 0 2,910 0 2,910 * For 2004, FEE-HELP figures will equal PELS and BOTPLS amount. 109 Annual Report 2005 110 The University of Sydney Notes to the financial statements for the year ended 31 December 2005

40. Acquittal of Australian Government financial assistance (continued) 40.3 Scholarships Parent entity [University] ONLY Australian International Commonwealth Commonwealth postgraduate postgraduate education costs accommodation awards research scholarships scholarships scholarships 2005 2004 2005 2004 2005 2004 2005 2004 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 Financial assistance received in cash during the reporting period 9,079 8,526 1,980 1,593 582 212 1,086 512 Net accrual adjustments 00000 Revenue for the period 9,079 8,526 1,980 1,593 582 212 1,086 512 Surplus/(deficit) from the previous year 0 237 0 19 0 0 4 0 Total revenue including accrued revenue 9,079 8,763 1,980 1,612 582 212 1,090 512 Less expenses including accrued expenses (8,788) (8,763) (1,980) (1,612) (563) (212) (1,006) (508) Surplus/(deficit) for reporting period 291 0 0 0 19 0 84 4

Total 2005 2004 $’000 $’000 Financial assistance received in cash during the reporting period 12,727 10,843 Net accrual adjustments 00 Revenue for the period 12,727 10,843 Surplus/(deficit) from the previous year 4 256 Total revenue including accrued revenue 12,731 11,099 Less expenses including accrued expenses (12,337) (11,095) Surplus/(deficit) for reporting period 394 4 Notes to the financial statements for the year ended 31 December 2005

40. Acquittal of Australian Government financial assistance (continued) 40.4 DEST – Research Parent entity [University] ONLY Institutional grants Research training Systemic Research scheme scheme infrastructure infrastructure initiative block grants 2005 2004 2005 2004 2005 2004 2005 2004* $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 Financial assistance received in cash during the reporting period 29,973 26,829 56,902 52,194 350 3,217 21,150 16,004 Net accrual adjustments 00000000 Revenue for the period 29,973 26,829 56,902 52,194 350 3,217 21,150 16,004 Surplus/(deficit) from the previous year 0 0 000026617,644 Total revenue including accrued revenue 29,973 26,829 56,902 52,194 350 3,217 21,416 33,648 Less expenses including accrued expenses (29,973) (26,829) (56,902) (52,194) (350) (3,217) (17,816) (33,382) Surplus/(deficit) for reporting period 0000003,600 266

* Surplus from previous years in 2004 was incorrectly stated as the funds had been expended in prior years but not recorded acc

Total 2005 2004 $’000 $’000 Financial assistance received in cash during the reporting period 108,375 98,244 urately as being expended in year. Net accrual adjustments 00 Revenue for the period 108,375 98,244 Surplus/(deficit) from the previous year 266 17,644 Total revenue including accrued revenue 108,641 115,888 Less expenses including accrued expenses (105,041) (115,622) Surplus/(deficit) for reporting period 3,600 266 111 Annual Report 2005 112 The University of Sydney Notes to the financial statements for the year ended 31 December 2005

40. Acquittal of Australian Government financial assistance (continued) 40.5 Australian Research Council grants Parent entity [University] ONLY (a) Discovery Federation Projects Fellowships fellowships Total 2005 2004 2005 2004 2005 2004 2005 2004 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 Financial assistance received in cash during the reporting period 29,836 24,984 654 1,366 4,054 2,604 34,544 28,954 Net accrual adjustments 0 (27) 53 0 53 (27) Revenue for the period 29,836 24,984 654 1,339 4,107 2,604 34,597 28,927 Surplus/(deficit) from the previous year 8,758 6,884 0 87 289 298 9,047 7,269 Total revenue including accrued revenue 38,594 31,868 654 1,426 4,396 2,902 43,644 36,196 Less expenses including accrued expenses (28,501) (23,110) (654) (1,426) (3,194) (2,613) (32,349) (27,149) Surplus/(deficit) for reporting period 10,093 8,758 0 0 1,202 289 11,295 9,047

40.5 Australian Research Council grantsParent entity [University] ONLY Parent entity [University] ONLY (b) Linkages Linkage – International infrastructure research exchange Projects Total 2005 2004 2005 2004 2005 2004 2005 2004 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 Financial assistance received in cash during the reporting period 3,644 4,271 276 186 7,225 7,201 11,145 11,658 Net accrual adjustments 0 (3,997) 0 (63) 0 (295) 0 (4,355) Revenue for the period 3,644 274 276 123 7,225 6,906 11,145 7,303 Surplus/(deficit) from the previous year 4,747 8,700 117 105 5,263 4,742 10,127 13,547 Total revenue including accrued revenue 8,391 8,974 393 228 12,488 11,648 21,272 20,850 Less expenses including accrued expenses (2,232) (4,227) (231) (111) (6,823) (6,385) (9,286) (10,723) Surplus/(deficit) for reporting period 6,159 4,747 162 117 5,665 5,263 11,986 10,127 Notes to the financial statements for the year ended 31 December 2005

40. Acquittal of Australian Government financial assistance (continued) 40.5 Australian Research Council grants (c) Networks and centres Parent entity [University] ONLY Research networks Centres Total 2005 2004 2005 2004 2005 2004 $’000 $’000 $’000 $’000 $’000 $’000 Financial assistance received in cash during the reporting period 817 400 5,637 5,831 6,454 6,231 Net accrual adjustments 000000 Revenue for the period 817 400 5,637 5,831 6,454 6,231 Surplus/(deficit) from the previous year 395 0 347 704 742 704 Total revenue including accrued revenue 1,212 400 5,984 6,535 7,196 6,935 Less expenses including accrued expenses (628) (5) (5,375) (6,188) (6,003) (6,193) Surplus/(deficit) for reporting period 584 395 609 347 1,193 742 113 Annual Report 2005 114 The University of Sydney Held forspecificpurchases Held forresearch purposes orscholarships Other Scholarships/prizes andacademicchairs Purchase ofequipmentandconsumables The netproceeds were usedforthefollowingpurposes: The provisions ofthe Fundraising activitiesare dissectedasfollows: Income received andthecostofraisingincomehasbeenrecognised inthefinancialstatementsofUniversitySydney. Charitablefundraisingactivities The UniversityofSydneyconductsdirect fundraisingthrough foundationsunderitscontrol. 41. respects. exercised bytheUniversityofSydneyare considered appropriate inaccountingforalltheincomereceived andeffective inall Other Raffles Functions Appeals ecnaeo noe 0%7 %89% 4% 7% 100% Indirect oflight,power, expenditure administrativecosts,andcostapportionment staff includesoverheadssuchasoffice an + Direct expenditure includesprinting,postage,consultingfeesetc. * Percentage ofincome for theyearended31December2005 Notes tothefinancialstatements overheads. Charitable Fundraising Act 1991 Act Fundraising Charitable and theregulations underthatActhave beencompliedwithandinternalcontrols noe Drc Idrc Net Indirect Direct Income asdepniue expenditure expenditure* raised ’0 ’0 ’0 $’000 $’000 $’000 $’000 ,2 75 2,187 56 77 2,320 ,0 3 1 2,759 116 233 3,108 4 4208 279 34 26 0 144 242 449 71 85 0 12 97 + material d other proceeds $’000 1,425 2,759 578 559 192 5 Notes to the financial statements 115 for the year ended 31 December 2005

42. Explanation of transition to Australian equivalents to IFRSs (1) Reconciliation of equity reported under previous Australian Generally Accepted Accounting Principles (AGAAP) to equity under Australian equivalents to IFRSs (AIFRS) (a) At the date of transition to AEIFRS: 1 January 2004 Annual Report 2005

Economic entity [Consolidated] Parent entity [University] Previous Effect of AIFRS Previous Effect of AIFRS AGAAP transition AGAAP transition to AIFRS to AIFRS $’000 $’000 $’000 $’000 $’000 $’000 Current assets Cash and cash equivalents 4,990 0 4,990 4,968 0 4,968 Receivables 52,149 0 52,149 52,108 0 52,108 Inventories 1,081 0 1,081 1,053 0 1,053 Available-for-sale financial assets 399,899 0 399,899 399,699 0 399,699 Total current assets 458,119 0 458,119 457,828 0 457,828 Non-current assets Available-for-sale financial assets 433,519 0 433,519 433,519 0 433,519 Investment properties 83,273 (44,907) 38,366 83,273 (44,907) 38,366 Receivables 370,763 141,180 511,943 370,763 141,180 511,943 Property, plant and equipment 1,180,428 40,011 1,220,439 1,180,424 40,011 1,220,435 Heritage assets 159,362 0 159,362 159,362 0 159,362 Library 489,617 0 489,617 489,617 0 489,617 Works in progress 64,479 0 64,479 64,479 0 64,479 Intangible assets 1,699 3,274 4,973 1,622 3,274 4,896 Other non-financial assets 3,050 0 3,050 3,050 0 3,050 Investments accounted for using the equity method 11,316 0 11,316000 Total non-current assets 2,797,506 139,558 2,937,064 2,786,109 139,558 2,925,667

Total assets 3,255,625 139,558 3,395,183 3,243,937 139,558 3,383,495

Current liabilities Payables 60,472 0 60,472 60,486 0 60,486 Provisions 29,719 0 29,719 29,696 0 29,696 Other 9,816 0 9,816 9,816 0 9,816 Total current liabilities 100,007 0 100,007 99,998 0 99,998 Non-current liabilities Provisions 470,593 149,164 619,757 470,574 149,164 619,738 Total non-current liabilities 470,593 149,164 619,757 470,574 149,164 619,738

Total liabilities 570,600 149,164 719,764 570,572 149,164 719,736

Net assets 2,685,025 (9,606) 2,675,419 2,673,365 (9,606) 2,663,759

Equity Parent entity interest Statutory funds 360,616 0 360,616 360,616 0 360,616 Reserves 1,934,362 (27,771) 1,906,591 1,924,171 (27,771) 1,896,400 Retained surplus 390,047 18,165 408,212 388,578 18,165 406,743 Total parent entity interest 2,685,025 (9,606) 2,675,419 2,673,365 (9,606) 2,663,759 Outside equity interest in subsidiaries 0 0 0000 Total equity 2,685,025 (9,606) 2,675,419 2,673,365 (9,606) 2,663,759 116 The University of Sydney oa aetett neet ,5,0 7 ,5,7 ,3,4 7 2,840,124 375 (7 2,839,749 2,851,679 0 375 (7) 2,851,304 Outside equityinterest insubsidiaries Total parent entityinterest 311,273 Total non-current liabilities 0 311,273 311,748 0 311,748 Total current assets Total equity Parent entityinterest Equity Net assets Total liabilities Non-current liabilities Total current liabilities Current liabilities Total assets Total non-current assets Non-current assets Current assets Attheendoflastreporting periodunderprevious AGAAP:31December2004 ExplanationoftransitiontoAustralianequivalentsIFRSs(continued) (1b) 42. for theyearended31December2005 Notes tothefinancialstatements eandsrls45591,4 3,1 1,5 928434,106 19,248 414,858 434,817 46,863 62,401 19,248 3,457 640,520 0 0 189,544 415,569 0 450,976 46,863 62,401 640,543 1,846 3,457 46,890 62,506 189,544 0 3,457 2,952 494,086 0 Retained surplus 0 9,853 58,436 450,999 0 0 0 0 1,846 162,579 8,148 654 46,890 62,506 0 1,846 494,086 1,705 2,952 58,436 3,457 0 11,22 494,086 9,854 52,862 0 2,952 162,579 58,436 0 35,520 0 Provisions 0 162,579 654 662,844 8,148 0 0 3,989 (45,723) 0 Other 1,846 0 1,315,833 Provisions 688 81,243 253,768 494,086 11,227 1,706 Payables 52,862 0 42,028 Bank overdraft 0 2,952 58,436 35,520 541,835 662,844 52,884 1,273,805 162,579 0 1,315,833 185,466 3,989 662,844 (45,723) 0 253,768 42,028 using theequitymethod 356,369 0 Investments accountedfor 4,199 81,243 Other non-financialassets 253,977 688 541,835 Intangible assets 1,273,805 Works inprogress 52,884 0 0 Library 185,466 Heritage assets 662,844 Property, plantandequipment Receivables 356,369 Investment properties Available-for-sale financialassets 253,977 4,199 Available-for-sale financialassets Inventories Receivables Cash andcashequivalents tttr ud 1,4 1,4 1,4 414,548 0 1,991,470 (18,873) 414,548 2,010,343 414,548 2,002,314 0 (18,873) 2,021,187 414,548 Reserves Statutory funds ,5,9 7 ,5,7 ,3,4 7 2,840,124 375 2,839,749 2,851,672 375 2,851,297 3,283,938 189,919 3,094,019 3,295,166 189,919 3,105,247 ,1,9 8,1 ,0,1 ,0,9 8,1 3,595,211 189,919 3,405,292 3,606,914 189,919 3,416,995 ,5,9 7 ,5,7 ,3,4 7 2,840,124 375 2,839,749 2,851,672 375 2,851,297 rvos Efc f IR rvosEfc fAIFRS of Effect Previous AIFRS of Effect Previous 5,9 8,4 4,4 5,7 8,4 640,520 189,544 450,976 640,543 189,544 450,999 6,9 8,4 5,4 6,4 8,4 755,087 114,567 189,544 0 565,543 755,242 114,567 189,544 114,699 565,698 0 114,699 GA rniinAAPtransition transitionAGAAP AGAAP ’0 ’0 ’0 ’0 ’0 $’000 $’000 $’000 $’000 $’000 $’000 cnmcett Cnoiae]Parent entity[University] Economic entity[Consolidated] oAFStoAIFRS to AIFRS 7000 )000 Notes to the financial statements 117 for the year ended 31 December 2005

42. Explanation of transition to Australian equivalents to IFRSs (continued) (2) Reconciliation of operating result for the year ended 31 December 2004

Economic entity [Consolidated] Parent entity [University] Annual Report 2005 Previous Effect of AIFRS Previous Effect of AIFRS AGAAP transition AGAAP transition to AIFRS to AIFRS $’000 $’000 $’000 $’000 $’000 $’000

Revenue from continuing operations Australian Government financial assistance: Australian Government grants 359,535 0 359,535 359,535 0 359,535 HECS-HELP – Australian Government payments 83,450 0 83,450 83,450 0 83,450 FEE-HELP 21,735 0 21,735 21,735 0 21,735 New South Wales Government financial assistance 7,996 0 7,996 7,996 0 7,996 HECS-HELP – student payments 30,374 0 30,374 30,374 0 30,374 Fees and charges 197,472 0 197,472 197,472 0 197,472 Investment income 59,617 0 59,617 59,609 0 59,609 Royalties, trademarks and licences 1,044 0 1,044 1,044 0 1,044 Consultancy and contract research 78,012 0 78,012 78,012 0 78,012 Other revenue 116,652 (21,719) 94,933 116,252 (21,629) 94,623 Share of net results of associates and joint ventures accounted for using the equity method (73) 0 (73) 0 0 0 955,814 (21,719) 934,095 955,479 (21,629) 933,850 Deferred government superannuation contributions (14,394) 37,349 22,955 (14,394) 37,349 22,955 Total revenue from continuing operations 941,420 15,630 957,050 941,085 15,720 956,805 Expenses from continuing operations Employee benefits and on costs 523,414 (3,906) 519,508 522,846 (3,906) 518,940 Depreciation and amortisation 41,909 0 41,909 41,909 0 41,909 Repairs and maintenance 23,722 0 23,722 23,722 0 23,722 Borrowing costs 0 0 0 0 0 0 Bad and doubtful debts 5,045 0 5,045 5,045 0 5,045 Other expenses 283,846 (18,896) 264,950 283,981 (18,806) 265,175 877,936 (22,802) 855,134 877,503 (22,712) 854,791 Deferred employee benefits for superannuation (14,394) 37,349 22,955 (14,394) 37,349 22,955 Total expenses from continuing operations 863,542 14,547 878,089 863,109 14,637 877,746

Operating result before income tax 77,878 1,083 78,961 77,976 1,083 79,059

Income tax benefit/(expense) (14) 0 (14) 0 0 0

Net operating result for the year 77,864 1,083 78,947 77,976 1,083 79,059

Net operating result attributable to minority interest (7) 0 (7) 0 0 0

Net operating result attributable to parent entity 77,871 1,083 78,954 77,976 1,083 79,059

(3) Reconciliation of cash flow statement for the year ended 31 December 2004 The adoption of AIFRSs has not resulted in any material adjustments to the cash flow statement. 118 The University of Sydney nagbedrcgie d 162 162 8)(83) (83) (1,622) (1,622) 3,906 (d) (37,349) (2,740) 3,906 37,349 (37,349) (2,740) (7,984) 37,349 (133,130) 27,771 133,130 (133,130) (7,984) 27,771 133,130 (b) (b) (b) (a) Intangible derecognised Contributions tosuperannuationandpensionscheme Deferred employeebenefitsforsuperannuation Deferred governmentsuperannuationcontributions Revaluation gain/(loss)oninvestmentproperties Total ofimpactAIFRSandreflected inretained surplus was$19,248kaspernote42(1b). onretainedThe effect surplusofthechangessetoutaboveare asfollows: Retained surplus recategorised from Property, PlantandEquipmenttoIntangibleAssets. Equipment toIntangibleAssetstotalling$4,896k.AttheendofDecember2004anadditional$4,957kforMajorITComputerSoftw Additionally, atthedateoftransitioncapitalisedexpenditure inMajorITComputerSoftware wasrecategorised from Proper activities wascharged tothe2004restated IncomeStatement. other criteriawascharged toretained surplus.AttheendofDecember2004anadditionalamount$83kforcapitalisedresear Intangibles–AASB138 At thedateoftransitioncapitalisedexpenditure of$1,622krelating toresearch activitieswhichwasunlikelytomeetcertain (d) reserve. recategorised from Property, PlantandEquipmenttoIntangibleAssetsaccumulateddepreciation of$6,158kwaswrittenback Equipment toIntangibleAssetstotalling$4,896k.AttheendofDecember2004anadditional$4,957kforMajorITComputerSoftw Additionally, atthedateoftransitioncapitalisedexpenditure inMajorITComputerSoftware wasrecategorised from Proper Learning properties undertheclassofCommercial Farmfor$29,017kandStudent Housingfor$15,890k,totalling$44,907k. Property, plantandequipment–AASB116,138140 At thedateoftransitionthree farmsand studenthousingwere recategorised from Investmentproperties toCommercial Teaching (c) $3,906k insurpluswhichwasreflected inthe2004restated IncomeStatement. debited toretained surplus.Itwasbased onprojected unitcredit methodasprescribed underAASB119.Themovementin2004wa As perAleaActuarialConsultingP/L’s advice,thenetliabilityofProfessorial Schemewasincreased by$7,984kandthata they are recognised asareceivable andaprovision aswell. These post-employmentsuperannuationliabilitiesare unfundedandare recoverable from theCommonwealthandStategovernments, by $44,286kandrecognised asliabilitiesintheBalanceSheet.Thenetincrease ontheUniversity’s superannuationliabilityw As at31December2004,SASSsurpluswasincreased by$6,937kandrecognised asasset.SANCandSSSdeficiencieswere increased superannuation liabilitywas$133,130k. deficiencies of$141,180konSANCandSSSwasrecognised asliabilitiesintheBalanceSheet.Thenetincrease ontheUniversit As aresult ofthechangesdiscountrate,in1January2004asurplus$8,050konSASSwasrecognised asanassetandthe Commonwealth Governmentbondsaftertaxratesasattherelevant yearends. Retirement benefitobligations–AASB119 As peractuarialadvicereceived from Pillar, theUniversitysuperannuationliabilitywasdiscountedbyprevailing markety (b) 2004 acharge of$816kwasmadewithacredit toreserves toreflect additionalmovement intherevaluation oftheinvestmentp revaluation reserves related totheremaining investmentproperties wascredited toretained surplusfor$27,771k.Attheendo and Equipment–Commercial FarmsandStudentHousingfor$29,017k$15,890krespectively, totalling$44,907k.Thepre-AASB 1 equivalents toIFRS.On1January2004three farmsandstudenthousingwere recategorised from Investmentproperties toPropert Investmentproperty –AASB140 The UniversityadoptedfairvaluemethodunderAASB140formeasuringitsinvestmentproperties atthedateoftransitiontoAu Notestothereconciliations (a) ExplanationoftransitiontoAustralianequivalentsIFRSs(continued) (4) 42. for theyearended31December2005 Notes tothefinancialstatements oe ’0 ’0 ’0 $’000 $’000 $’000 $’000 notes osldtdPrn osldtdParent Parent Consolidated Consolidated 18,165 18,165 1,083 aur 0431December 2004 1 January2004 entity ields ofthe commercial and as $185,466k. ty, Plantand ty, Plantand mount was f December stralian ch y’s roperties. and to asset y, Plant are was are was s hence 40 Notes to the financial statements 119 for the year ended 31 December 2005

43. Disaggregation information The University reports revenue, results and assets by segments in accordance with Guidelines for the Preparation of Annual Financial Statements for the Reporting Period by Australian Higher Education Institutions, issued by the Department of Education, Science and Training. Annual Report 2005

Economic entity [Consolidated] Industry Revenue* Results Assets 2005 2004 2005 2004 2005 2004 $’000 $’000 $’000 $’000 $’000 $’000 Higher education 980,228 833,226 107,715 80,666 3,776,666 3,595,687 TAFE 0 0 0000 Other 53,923 100,869 8,251 (1,719) 11,483 11,227 1,034,151 934,095 115,966 78,947 3,788,149 3,606,914 Economic entity [Consolidated]

Geographical Revenue* Results Assets 2005 2004 2005 2004 2005 2004 $’000 $’000 $’000 $’000 $’000 $’000 Australia 1,031,862 931,257 115,392 79,451 3,788,149 3,606,914 Asia 2,041 2,262 525 (560) 0 0 Other 248 576 49 56 0 0 1,034,151 934,095 115,966 78,947 3,788,149 3,606,914

* Revenues exclude deferred government super contribution.

B J Kotic, FCPA Chief Financial Officer

END OF FINANCIAL STATEMENTS AUDITED BY THE AUDITOR GENERAL 120 The University of Sydney upu/sotal o er2. 2.)43.0 6.1 34.3 (22.4) (101.4) 34.8 20.6 (95.3) 27.0 (61.8) 22.8 (854.8) 98.7 (23.0) 63.9 34.8 877.8 933.8 67.1 (916.6) $9.2 million,andbequests/capitalpreserved trusts,scholarshipsandprizesof$38.1million. The netoperatingsurplusfortheyearof$115.9millionincludes$47.3restricted usefunds relating tounspentres 11.8 956.8 (23.0) 904.8 1032.6 foryear Surplus/(shortfall) 72.5 Expenditure onassets Equipment/IT Capital worksprogram (includingthe acquisition ofbuildings) 1020.7 11.8 Expenditure onassets LESS Net operatingresult Net operatingexpenses superannuation costs (deduct)/add non-cashexpensefordeferred Operating expenses LESS Net operatingrevenue government superannuation (deduct)/add non-cashrevenue forcontributionstodeferred Operating revenue A comparisonoftheresults toyear2004issetouthereunder: $95.3 millionofthe2005netoperatingsurpluswasappliedtofundcapitalexpenditure. increase of$36.8millionor46.5%on2004. The Universityrecorded anetoperatingsurplusof$115.9millionfortheyear ended31December2005($79.1millionin2004), Finance –2005inreview m$ m$ $m $m $m $m $m 0520 Increase 2004 2005 1. 9036.9 79.0 115.9 earch grants for year an 2005 .Dpeito n mriain4. 192.5 41.9 44.4 Expenditure onassets–includingnewequipment,buildingandinfrastructure upgrades, 4. Depreciation andamortisation 3. Paymentsforservices/purchase ofminorequipmentandconsumables/buildings 2. Employeebenefits 1. of $98.7millionwere: Operating revenue for2005of$1032.6millionwas$98.7greater thanfor2004.Themajorcomponentsoftheincreased re Operating revenue The annualexpenditures incurred bytheUniversityfallintofourmaincategories: December 2005(2004:$526.8million). Commonwealth andStategovernmentshaveacceptedresponsibility fortheseunfundedamounts,which standat$515.0millionas referred to above,relate principallytothemovementonassessedunfundedliabilityforsuperannuationasat31December2 The deferred non-cashrevenue deferred andtheoffsetting non-cashexpenses forsuperannuation,bothwithavalueof$11.8mill operating expensecomparisonstotheprevious year. million in2004),are excludedfrom thisreview oftheyear2005astheyare boththeoperatingre non-cashitemswhichdistort As inprevious yearstherevenue andcorresponding expenseitemsrelating todeferred superannuation,eachat$11.8million($2 Deferred superannuation Recogniserealised revaluation gains/lossesviatheIncomeStatement,previously bookeddirect toretained surplus.Asaresul • The majorimpactonthenetincomein2005ofthisadoptionhasbeenfollowing. Standardsto InternationalFinancialReporting (AIFRS). This generalpurposefinancialreport hasbeenprepared andisbasedonDESTguidelines,whichincludeadoptingtheAustralian Operating surplus not provide thematchingofrevenue andexpenditure inasinglestatement. nature inagivenyear. However, thepresentation ofresults inaccordance intheAnnualFinancialReport, withaccountingstan The University’s annualbudgetprocess requires thatthere isamatchingofrevenues expenditures tosupport ofbothoperating Patentsclassedasintangibleexpenses,relating toresearch activities,whichdonotmeetcommercial othercriter andcertain • Assetsandinvestmentsacquired atnocostornominalvalueare required tobeinitiallyrecognised atfairvaluedateofa • noefo rvt ore 9. 6. 9817.5 2.7 (21.2) 29.8 11.1 (0.7) 8.6 169.9 32.3 3.3 19.1 318.5 199.7 291.8 28.7 2.6 327.1 324.1 150.4 179.1 * =excludesdeferred governmentsuperannuationcontributions Total* Income from privatesources NSW Governmentoperatinggrant Research andconsultancy activities Commonwealth Governmentoperatinggrants Income from students superannuation transaction). contributions tosuperannuation),lessoperatingexpenditure of$916.6million(excludingthe$11.8expenditure sideof The netoperatingsurpluswasderivedfrom operatingrevenue of$1,032.6million(excluding$11.8fordeferred governme a result $2.8millionwasbookedasrevenue bywayofanIPOoffering. million gainhasbeenbookedrelating to2005. that $1.1millionhasbeenbookedasexpensesrelating to2005. swl sI otaeadhrwr 53114(6.1) 101.4 95.3 61.8 854.8 916.6 Total as wellITsoftware andhardware Sub-total operatingexpensesexcl.unfundedsuperannuation and grounds 0269399. 10.6 98.7 933.9 1032.6 052004 2005 m$ m% $m $m $m 01996255.7 956.2 1011.9 5. 1. 31.3 518.9 550.2 2. 9. 28.0 294.0 322.0 0520 Increase 2004 2005 m$m $m Increase foryear2005 dards, does thedeferred cquisition. As venue and and capital for 2005 equivalents ia, means 005. The ion t $8.86 3.0 nt venue 31 121 Annual Report 2005 122 The University of Sydney 6.0% 36.0% 10.0% = 15.8%) isconsiderably lessthanthe40.4% in1997. 1997, withmost oftheincrease attributabletostudent income.SimilarlytheCommonwealth OperatingGrantsproportion of17.8% that theproportion oftheUniversityrevenue from HECS andstudentincomeat32.4% (2004=33.4%)isconsiderably more that20 The continuedgrowth instudentfeeincome/HECSand therelative declineoffundingthrough theCommonwealthOperatingGrant me $179.1 million. Commonwealth Governmentfundingof$62.1million.Fundsforthe CommonwealthGrantsSchemeincreased by$28.7millionor19%to Commonwealth research fundingincreased by$33.3millionor15.9%to$242.4andaccountedfor54%oftheoveralladditi The overallleveloffundingfrom theCommonwealthincreased by$62.1millionor17.2%in2003,to$421.6million. Commonwealth Governmentfunding Income from students(1997-2005) Income from students2005 than HECSpayments. Full fee-payingstudents(FFPS)continuedtoprovide significantsources ofincometotheUniversity, andremain alarger sourc timing difference betweeninvoicinganddeliveryofthecourse. HECS upfront paymentsbystudentsof$4.3million(+14%);andareduction insummerschoolfeesof$8.6million(-85%)resultin The increased revenue from studentsof$8.6millionincludedadditionalfeesfrom overseasstudentsof$12.5million(+57%);ad Income from students Non-award Summer School HECS FFPS –LocalU/G(incFEEHELP) FFPS –O/S FFPS –P/G(incFEEHELP) oa omnelhfnig41639562.1 28.7 359.5 11.6 33.4 421.6 150.4 57.5 209.1 179.1 242.5 69.1 Total Commonwealth funding Teaching andLearningoperatinggrants Sub-total Commonwealthresearch funding Other Commonwealthagenciesresearch utainRsac oni 224. 9.7 42.5 12.1 52.2 109.1 121.2 DEST –research fundinginc.scholarships Australian Research Council FFPSlocalpostgraduate(inc.FEE-HELP)$33.2m HECS(inc.studentpayments)$117m Non-awardcourses$19m 1 120 30 60 90 5 0 0

1997 1998 1999 17.6 70.2 26.5 6.5 0 0

15.8 79.6 26.4 1.3 9.3 0 15.8 91.6 35.7 1.7 3.1 8 2000 2001 2003 2002 2004 2005 19.2 94.2 48.8 10.3 3.4 4.9 22.2 60.6 11.2 104 3.8 6.8 0.5% 6.0% 41.5% 103.9 19.7 10.7 77.9 14.9 6 SummerSchool$1.5m FFPSlocalundergraduate(inc.FEE-HELP)$19.6m FFPSoverseas$136.8m 0520 Variation 2004 2005 m$ $m $m $m 106.2 102.2 19.6 14.2 24.5 7.6 113.8 124.3 17.5 10.2 18.6 34.1 e ofincome ditional g from a 117.1 136.8 19.6 33.2 1.5 19 (2004 onal .1% in ant oa olbrtv eerhfns1. 622.2 (6.0) 32.3 0.2 2.8 6.1 16.2 36.8 291.8 4.8 18.4 11.6 30.8 20.7 324.1 9.7 4.7 33.4 5.0 14.4 26.8 42.5 52.2 209.1 5.5 52.2 242.5 56.9 36.8 42.3 Total research andconsultancyincome Consultancies Overseas collaborativeresearch funds Local collaborativeresearch funds Foundations andindividualresearch grants Industry research grants NSW Governmentresearch grants Sub-total Commonwealthresearch funding Other CommonwealthAgencies – Research TrainingDEST Scheme National HealthandMedicalResearch Council Australian Research Council The majorsources offundingwithinresearch andconsultancyactivitieswere: University. $324.1 million.Commonwealthresearch fundingof$242.5millionrepresented 75%ofthetotalfunding inthiscategoryreceived Income received bytheUniversityfor research, collaborativeresearch andconsultancyactivitiesincreased by$32.3millionor Research andconsultancyactivities University revenue sources asa%oftotalrevenue the followinggraph: The continualfinancialpressure ontheUniversityarisingfrom from theongoingdeclineinfinancialsupport theCommonwealth HECS +StudentIncome Student Income HECS Commonwealth OperatingGrant otrdaefnig1. 091.9 2.3 3.2 10.9 19.2 12.8 26.8 21.5 30.0 – Postgraduatefunding – Infrastructure funding – InstitutionalGrantsScheme 10 20 30 40 50 0 20.1% 11.7% 40.4% 1997 1998 1999 8.4% 21.2% 12.7% 37.4% 8.5% 24.7% 10.2% 14.5% 34.8% 27.0% 12.8% 14.1% 33.1% 2000 2001 2003 2002 2004 2005 26.9% 13.5% 13.4% 29.9% 28.6% 15.8% 12.7% 19.5% 0520 Variation 2004 2005 m$ $m $m $m . . - 9.0 (0.3) 4.3 9.0 4.0 31.4% 19.2% 12.1% 18.7% 33.4% 21.4% 11.9% 15.8% 11.1%to is setoutin 32.4% 20.8% 11.6% 17.8% by the 123 Annual Report 2005 124 The University of Sydney oa xess 1. 5. 187.2 35.9 6.0 4.2 61.8 6.0 8.5 2.5 4.6 854.8 31.3 23.7 916.6 41.9 108.7 518.9 32.2 113.3 44.4 550.2 7.2 activity across theUniversity. works intheyear, togainatruepicture oftheoveralllevelbuildingandinfrastructure construction,refurbishment andm older buildings,andincreased preventative maintenance.Thisexpenditure needstobeconsidered alongwiththeexpenditures on Buildings andgrounds expensesat$ 32.2millionwere $8.5millionor35.9%higherthanin2004,duetotheincreased costofm 19.5 pay increases forbothacademicand non-academicwere 2.5%eachinMayandNovember2005. 2005 (2004=52.3%).Payroll ofStateRevenueinNSWfor2005was$31.3million(2004$28.8million).Ra taxpaid totheOffice of thetotalacademicsalaries(2004=10.7%).Total employeebenefitsforacademicsrepresent 53.4%ofthetotalemployeebene 270.3 million related teachingsalariesconst toacademicsalariesand $10.8milliontonon-academicsalarycosts.Academicpart-time The increase of$26.7millioninsalary paymentsis6.5%higherthantheexpensesfor2004.Ofoverallincrease insalaries excludesdeferred governmentsuperannuationbenefits 289.8 * Total expenses* Depreciation andamortisation Buildings andgrounds Payments forservices/purchase ofminorequipmentandconsumables Total employeebenefits Payroll oncosts The majorcomponentsoftheincrease were: The operatingexpenditure of$916.6 millionis$61.8or7.2%greater thanthatfor2004. Operating expenses The majorcomponentsofthisincomegroup were: million (39%)higheronthebackofstrong andastuteinvestmentstrategies. equitymarketperformance Income from privatesources increased in2005to$199.7million, $29.8million(17.5%)higherthanin2004.Investmentincomei Income from privatesources The operatinggrantprovided bytheNSWGovernmentdecreased by$0.7millionto$2.6in2005. NSW GovernmentOperatingGrant Salaries Total te esadcags1. 46(0.4) - 14.6 2.0 14.2 40.7 4.9 29.8 40.7 25.2 31.8 30.1 Donations, bequests,scholarshipsandprizes Other feesandcharges Commercial andotheractivities Contributions from externalorganisations Investment income 3. 1. 676.5 26.7 410.2 436.9 0520 Increase foryear2005 2004 2005 m$ m% $m $m 9. 6. 29.8 169.9 199.7 0520 Variation 2004 2005 295. 23.3 59.6 82.9 m$m $m aintenance , $16.2 itute 10.1% capital aintaining s $23.3 tes of fits for oa eandsrls20. 3. 19. 68.6 1699.9 434.1 2202.6 Total retained surplus In addition,theUniversityhasentered intocommitmentstotaling$57.0million(2004=$52.5million)forcapitalexpenditure. Retained surplus ulig n rud oeaigepne–icm ttmn)3. 378.5 23.7 32.2 Buildings andgrounds (operatingexpense–incomestatement) oa qiy29. 8010151.1 0 47.3 35.2 -1660.5 2840.1 2991.2 1991.5 414.5 326.8 461.8 Total equity Reserves Statutory fund Reserves bequests, capitalpreserved trusts,scholarships andprizes. restrictions ontheiruse.Thenetoperatingincomeincluded$47.3millionofrestricted usefundsrelating tounspentresearch Statutory funds The three majorcomponentsofthetotal equityare: 1.5 operating results fortheyearof$115.9 millionplusnetincreases inrevaluation reserves of$35.2million. The totalequityoftheUniversityat31December2005$2,991.2millionis$151.1higherthanin2004.Thisath Equity 58.4 Other Capital worksprogram 59.9 IT Equipment Land andbuildings Non-current assets non-current assets.Themajorareas ofexpenditure were: The operatingsurplusof$115.9millionprovided theUniversitywithfundsforits$83.8millionexpenditure ofacapitaln Expenditure onassets Capital worksinprogress (non-current asset–BalanceSheet) progress) isshowninthefollowingtable. The mixofexpenditure inthisarea betweenmaintenance(operatingexpense)andassetimprovements (non-current asset–worksi The combinedmaintenanceandcapitallevelofactivityonbuildingsinfrastructure was$10.0millionabovetheprevious yea A comparisonofbalanceswith2004theirmovementisset out hereunder: are $542.1million. 2005 wasanincrease of$68.6million. Thetotalcumulativenetoperatingsurplusesexcludingstatutoryreserves at31December The secondelementisthecumulativeremainder ofnetoperatingincomesotherthantheamountsetasideforstatutoryfunds,wh thisinitialvaluationreserve.assets supporting ofEducationin1994.ThereUniversity campus,betweentheandDepartment are restrictions ontheuseofmost the purposeofbringingtoaccountUniversity’s assetsforthefirsttimeandinclude thetransferofproperties, suchast Retained surplus transferred toretained surplus. increased byanetof$35.3millionin 2005.FollowingadoptionofAIFRS,otherinternalreserves andaninitialvaluationrese uuaientoeaigrsls5214413. 68.6 39.4 434.1 542.1 - Cumulativenetoperatingresults nta auto eev 16. 1660.5 0 1660.5 - Initialvaluationreserve are revaluation reserves andrelate torevaluation ofproperty, plantandequipmentavailable-for-salefinancialassets,wh , which include unexpended portion offundsreceived, whichincludeunexpendedportion through theIncomeStatementandwhichhavespecificstatutory is madeupoftwoelements.Themajorelementtheinitialvaluationreserve of$1,660.5millioncreated in1992for 0520 ReclassificationIncrease for 2004 2005 m$ m$m $m $m $m 0520 Increase for 2004 2005 Increase for 2004 2005 53114(6.1) 101.4 95.3 10.0 82.1 92.1 995. 1.5 4.4 (12.3) 58.4 8.7 28.6 59.9 13.1 16.3 m$ $m $m $m m$ $m $m $m . . 0.4 1.2 4.4 4.5 1.6 (0.1) n20 year2005 in 2005 19. 35.2 -1699.9 3. 0 -39.4 he main ature on rve were grants, year 2005 year 2005 e net r. r. these ich for 2005 n ich 125 Annual Report 2005 126 The University of Sydney h nvriyo yny7,8 1,3 144,617 115,934 76,489 259,037 0 28,037 44,300 289,367 (11,863) 257,158 601,632 The approved budget,where possible,hasbeenadjustedabovetotakeaccountof theyearendpresentation ofaccounting (1) 304 Notes 32,248 136,200 the UniversityofSydney 44,488 24,618 Net operatingresult attributabletomembersof (11,863) Net operatingresult attributabletominorityinterest 550,229 79,959 (14,394) 50,400 24,000 Net operatingresult fortheyear 210,458 541,944 3,897 70,791 Operating result 99,144 from continuingoperations Income taxbenefit/(expense) 102,826 39,730 910 Operating result before incometax 82,916 22,750 201,438 Total expensesfrom continuingoperations 62,206 420,209 76,689 3,526 26,000 196,749 Deferred employeebenefitsforsuperannuation Other expenses 64,631 91,469 3,558 34,715 Bad anddoubtfuldebts Borrowing costs 7,587 Repairs andmaintenance 30,000 Depreciation andamortisation 421,503 Employee benefitsandoncosts 1,598 Expenses from continuingoperations 373,496 82,302 Total revenue from continuingoperations Deferred government superannuationcontributions 89,545 using theequitymethod Share ofnetresults ofassociatesandjointventures accountedfor Other revenue Consultancy andcontractresearch Royalties, trademarksandlicenses Investment income Fees andcharges HECS-HELP –studentpayments NSW Governmentfinancialassistance FEE-HELP HECS-HELP –AustralianGovernmentpayments Australian Governmentgrants Australian Governmentfinancialassistance: Revenue from continuingoperations Comparison tobudget 4 Actualexpenditure levelsoverallwere withinoperating budgets. (4) Actualrevenue fortheyearexceededbudgetAustralianGovernment research grants,student payments,feesandcharges, (3) Ofthetotal$950mbudget revenue ($936m+$14mdeferred governmentcontributionsfortheUniversity)approximately 84% (2) comparison. Howeverotheryear endstatutoryaccountingrequirements are not includedinthedevelopmentofapproved budget adjustments, includingdeferred governmentcontributions,fixedassetpurchases anddepreciation, toprovide ameaningful investment income,consultancy and contractresearch. thegeneral teachingandresearch($799m) supports activities. 5,0 ,3,7 1,077,623 1,032,570 950,609 5,2 0,7 921,143 933,006 904,773 859,726 916,636 874,120 1,065,760 1,020,707 936,215 1,9)(183 (11,863) (11,863) (14,394) ugtAta Budget Budget Actual 6491594144,617 144,617 144,617 115,934 115,934 76,489 76,489 115,934 76,489 ’0 $’000 $’000 00 00 20][2006] [2005] Parent entityUniversity 0 0 . Creditors’ payment performance fortheyearended31December2005 Creditors’ paymentperformance rolling 1-yearand3-yearperiodsending31December2005. return iscompared ontheInvestmentPortfolio withthatoftheNSWTreasury CorporationHour-GlassMediumTerm Growth Facility funds and,forcomparison,thereturn ontheappropriate NSWTreasury CorporationHour-Glassinvestmentfacility. Inthetable ofi (StatutoryBodies)Regulations,theUniversitymustincludedetailsofinvestmentperformance Under theAnnualReports property securities. isinvestedacrossInvestment Portfolio arangeofassetclassesincludingAustralianandinternational equities,bonds,bankb amountedto$1,052milli holdings ($14million)andcashatbank($7million).As31December2005,theInvestmentPortfolio The University’s consistsofTotal InvestmentPortfolio investments($66million),direct InvestmentFundslessnon-portfolio p discretionary fundsandotherprovisions heldagainstlong-termliabilities(e.g.non-current longserviceleaveliabilities). reserves. Long-termfundsmainlyconsistofbequestandendowmentfunds,CapitalPreserved Trust funds,fundsheldbyfoundatio operatingfunds,studentfees,researchprimarily comprisedepartmental grants,othercapitaldevelopmentfundsandspe (i.e. thosewhere thecapitalisinvested across amore volatileassetmixtoachievehigherreturns overthelongerterm).Sho The University’s Total funds(i.e.thosewhichmay bedrawndownatanytime)andlong-ter InvestmentFundscompriseshort-term Investments andinvestmentperformance to leveragethemostup-to-dateknowledgeinfield. experienceintheirfieldofstudy,many benefits,includingallowingstudentstogainvaluablepertinent aswellallowingt program studentsfrom variousfacultiesare ofworkinginvariousFinancialServicesareas. giventheopportunity Thisprogram One ofthemostexcitinginitiativesrecent timeshasbeentheintroduction ofaninternprogram withinFinancialServices. University beingaskedtoprovide keynotespeakersatvariousconferences onthistopic. meaningful managementinformation.OnceagaintheUniversity’s havebeenrecognised, bothlocallyandinternationally, efforts reporting aswellplanningandbudgeting.Thishas,will,greatly assistmanagementwitheasieraccesstomore usefulan toassistmanagementdecision-makingattheUniversity,In acontinuedeffort Hyperionapplicationswere implementedforinform associated benefits. it shouldbenotedthattheseacquisitionshavetakenplaceundertheUniversity’s leasingprogram, thustakingadvantageofal dramatically reduced, suchthatthevastmajorityofITpurchases tookplacethrough singlePCandApplesuppliers.Inaddition The managementofassetsfocusedontheprocurement andfinancingofITequipmentin2005.Thisfocussawthenumbersupp Australian BusinessTravel Associationawarded theUniversityitstopaward for2005. procurement ingeneralaswelltravelandnon-allowableexpenses.Inrecognition ofthetravelprocesses, policiesandsyste suppliers aswellcostreductions andthestreamlining ofprocesses. Inlinewiththis,variousnewpolicieshavebeenissue A continuedfocusontheprocurement process resulted inthedisseminationofmore corporatecards andtheincreased useofpre duplication andreducing costsacross theUniversity, whileimproving servicestandards andfinancialreporting andcontrols. In 2005theFinancialOperationsandSystemsgroup completedseveralsubstantialprojects aimedatincreasing rem efficiencies, Financial Operationsportfolio nvriyIvsmn otoi 21 10.3% 8.6% 12.1% 9.7% NSW T-Corp. Med.Term Growth Facility University InvestmentPortfolio netet)$475$1,6 5,8 $68,875 80% 58% 80% $59,186 80% 75% 53% 80% $113,668 80% 71% 72% 80% $84,785 80% 67% investments) 69% 80% (excludes ofaccounts paid Total amounts 62% paid ontime Amounts ofaccounts value invoices by by numberof on time accounts paid Percentage of 5,9 8,2 3,9 $39,712 $31,095 $82,120 $58,790 culTre culTre culTre culTarget Actual Target Actual Target Actual Target Actual ’0 ’0 ’0 $’000 $’000 $’000 $’000 ac ure Jn ure etme ure Decemberquarter September quarter Junequarter March quarter 0520 052005 2005 2005 2005 oln -errtr Rolling3-yearreturn Rolling 1-yearreturn Periods ended31December2005 he department roperty As part ofthis As part d for rt-term funds rt-term ills andlisted l ofthe tothisshift, ms, the below, the ts surplus has had with the d ation m funds oving on. The cial over ns, ferred liers 127 Annual Report 2005 128 The University of Sydney are notapplicable. andaccrual performance Asthisisanon-tradingenterprise,performance University ofSydneyUnionmaywishtobeundertaken. Annexeandotherbuildingworkthatthe AnnexeLimitedadministerstheplanningandconstruction oftheWentworth The Wentworth The Wentworth AnnexeLimited entrance scholarship. studentsatOrangethroughIn 2005thecompanyhascontinuedtosupport theoperationof thecampusbookshopandPCPye itsobjectives. Rural Managementinfurthering research, scholarshipandothersuitablemeansand,inparticular, thedevelopmentofUniversitySydneycampusandF The RuralAustraliaFoundationLimitedisacompanylimitedbyguarantee. Itsobjectivesare topromote thedevelopmentofagri Rural AustraliaFoundationLimited Subsidiaries December 2005. are valuedonafairbasis,includethe relevant structures ontheland.Theinvestmentproperties hadavalueof$14,425kas The University’s includes22properties invariousareas InvestmentPortfolio ofSydneyincluding21homeunits.Theseproperti Investment properties $13,600k asat31December2005. The studenthousingsites,whichare valuedonthebasisoffairvalueoverallproperty, includingthehousing,had student housingfacilitiesare located is notsubjecttoanyspecificconditionsorconstraints. The Universityowns19siteswhichitoperatesasstudenthousinginthevicinityofCamperdown Campus. Thelandonwhicht Student housing at 31December2005. west region andSouthernHighlands of NewSouthWales, are valuedonafairvaluebasis. Thelandvalueofthesefarmswas$30, The Universityoperatesthree commercial teachingandresearch farmswhichsupport activities.Thefarms,whichare locatedin Commercial farms The totalvalueofteachingandresearch landheldbytheUniversityasat31December2005was$230,309K. Teaching &Research land.Thislandisvaluedontheaccountingstandards fairvaluebasisat$58,454kas at31December2005. The balanceofthelandheldforteachingandresearch, whichisnotsubjecttospecificusageconstraints,classifiedasCo arrangements. Thebookvalueofthisland,ontheaccountingstandards costbasis,was$171,855k as at31December2005. component represents landwhichissubjecttospecificrestrictions includinglandgrants,zonedspecialuseand/orspecificco The teachingandresearch landisclassifiedintotwosub-categoriesbytheUniversity. Thenon-commercial teachingandresearc approximately 16,000hectares ownedbytheUniversity. Resources; andScienceare byfarmsand/orfieldstationsthroughout alsosupported easternAustralia,comprisingatotalarea University teachinghospitals.Theandresearch activitiesofthefacultiesVeterinary Science;Agriculture, Fooda Redfern, FacultyofRuralManagement,Orange,theAustralianArchaeological InstituteatAthensandThessaloniki,Greece, andt Faculty ofNursing,Camperdown, theAustralianGraduateSchoolofManagement,KensingtonandSydney, theAustralianTechnology Sydney, Rozelle,SydneyConservatoriumofMusic,Sydn theFacultyofHealthSciences,Lidcombe,SydneyCollegeArts, In addition,severalteachingandresearch facilitiesare locatedawayfrom thesepremises. TheseincludetheLawSchool,inPh Road andCityRoad,Sydney, whichcoveratotalof50.6hectares. The majorteachingandresearch facilitiesoftheUniversityare located ontheCamperdown andDarlingtoncampuses,adjoiningP Teaching andresearch land investmentproperties. • studenthousing,and • commercial farms • teachingandresearch • The Universityclassifiesitslandoverthefollowingcategories: Summary oflandownedoroccupiedbytheUniversity nd Natural a valueof mmercial ntractual t 31 es, which illip Street, he h culture by of the north- aculty of arramatta hese measures 705k as ey, the Park, [email protected]. by contactingtheUniversity’s byphone+61293514625,fax3289oremail PublicationsOffice oftheUniversity’sThe financialaccountsforthesubsidiaries,whichformpart annualreport tabledinParliament,are availa Financial accountsforsubsidiaries commercialising intellectualproperty. Asat31December2005nobusinessfunctionhadbeenallocatedtothecompany. Ucom SeventeenPtyLtdwasincorporatedin2004asacompanylimitedbyshares. Thecompanyexists forthepurposeof intellectual property relating tothetreatment andcompositionofwoundhealing. Ucom SixteenPtyLtdwasincorporatedin2004asacompanylimitedbyshares. Thecompanyexists forthepurposeofcommerciali intellectual property relating toflavanoidmodulatorofmultidrugresistance. Ucom FifteenPtyLtdwasincorporatedin2004asacompanylimitedbyshares. Thecompanyexists forthepurposeofcommerciali intellectual property relating totheprevention andtreatment ofcataracts. PtyLtdwasincorporatedin2004asacompanylimitedbyshares.Ucom Fourteen Thecompany existsforthepurposeofcommercial intellectual property relating totheanti-fungalphospholipaseinhibitors. Ucom Twelve PtyLtdwasincorporatedin2003asacompany limited byshares. Thecompanyexistsforthepurposeofcommercialis intellectual property relating tointeractive3Dholography. Ucom ElevenPtyLtdwasincorporatedin2003asacompanylimitedbyshares. Thecompanyexistsforthepurposeofcommercialis potential applications. intellectual property relating toanomalousexpansionmaterials.Thesenewmaterialsdonotexpandonheatingandhavenumerous Ucom Ten Pty Ltdwasincorporatedin2003asacompanylimitedbyshares. Thecompanyexistsforthepurposeofcommercialising implants. intellectual property relating totheuseofHumanRecombinantTropoelastin inwoundmanagement,tissueengineeringandbio-act Elastagen PtyLtdwasincorporatedin2003asacompanylimitedbyshares. Thecompanyexistsforthepurposeofcommercialisin general applicationswhichmaymeasure theagingprocess. andaffect intellectual property relating totechnologythatwillbeappliedaging,initiallyforaspecificdisease,progeria, latere Nucleos PtyLtdwasincorporatedin2002asacompanylimitedbyshares. Thecompanyexistsforthepurposeofcommercialising intellectual property relating toCu-Indomethacinbasedveterinaryproducts withpotentialforhumanapplication. Ucom SevenPtyLtdwasincorporatedin2002asacompanylimitedbyshares. Thecompanyexistsforthepurposeofcommercialisi and becameacontrolled entity. Thecore intellectualproperty relates totreatment formacularoculardegeneration. I-Care MedicalPtyLtdwasincorporatedbyathird in2000asacompanylimitedbyshares. party The companywasrestructured i Ucom Twelve PtyLtd,UcomFifteenSixteenLtdandSeventeenLtd. PtyLtd,UcomFourteen I-Care MedicalPtyLtd,UcomSevenNucleosElastagenTen PtyLtd,UcomEleven xpanding tomore ble onrequest ive n 2002 g sing sing ing ng ing ising 129 Annual Report 2005 130 The University of Sydney Diversity...... 47, 51–52 Diversity...... 47, 12 Degrees, new...... 3, ...... 41 Deans D Cooperative Research Centres...... Continuing Education(Centre for)...... 20 ...... 34 Consumer response Complaints, handling...... 34 ...... 3,20–23,52 Community links ...... College ofSciencesandTechnology College ofHumanitiesandSocialSciences...... College ofHealthSciences Code ofconduct...... 18 ...... 2 Charter ...... 4 Chancellor’s report Careers Centre...... 21 ...... 30,31 Capital worksprojects ...... 29,30 Capital DevelopmentPlan ..3, 29,30,31 Campus 2010+BuildingtheFuture ...... 3,29,30 Campuses C 25,31,33–34 ...... Budget B Audit reviews Association ofPacificRimUniversities(APRU)....14 ...... 6 ARC LinkageProject grants ...... 3,6,8,9 ARC research grants ...... 20 Collection Art ...... 24–26,52 Alumni relations ...... 2 Aims andobjectives 21(AC21)...... 14 Academic Consortium ...... 11,18–19 Academic Board ...... 35 Academic andadministrativestructure A utrldvriy...... 47,51–52 Cultural diversity Index ...... 9, 13,16,19,22–23,26,28,32 ...... 8–9, 12–13,16,19,22,26,28,32,34 ...... 9, 34,42,insidebackcover ...... 7–8, 11–12,15–16,19,21,25–26,28,32 nenl...... 34 Internal AUQA...... 11 Higher EducationWorkplace Relations ..27–28,29,30,45–46,47,52 Human resources ...... 50 Honorary awards Highlights...... 3 Heritage...... 30 H Guarantee ofserviceandhandling ...... 3,6–9,22,25,30,34 Grants ...... 34 Governance structure G ...... 21,25,26 Fundraising ...... 53–54 Freedom ofinformation Financial report...... 57 ...... 33–34 Financial performance ...... 3, 7,9 Federation Fellows ...... 35,41 Faculties ...... insidebackcover Facts ataglance F ...... 45–46 Executive officers ...... 15,16,17,52 Exchange programs PriorityStatement...... 51–52 Ethnic Affairs 52 Equal employmentopportunity...... 47, ...... 30 Environment ...... 43–44,insidebackcover Enrolments ...... 3,47 Employer ofChoiceforWomen Award ...... Employee relations Electronic servicedelivery...... E ...... 27–28, 29,30,45–46,47,52 10, 11,12,13,16,19,21,23,24,26,27,30–31 tf ttsis ...... 45–46 statistics Staff Requirements ...... 29, 30 ...... 47,52 Equal employmentopportunity ...... 34 of complaints ...... 15,insidebackcover International irr ...... 11 Library ...... inside frontLetter ofsubmission cover ...... 55 Legal affairs ...... 11 Learning andTeaching Committee L ...... 33 Investment Internationalisation Information andcommunications Industry andprofessional links...... 21 Indigenous education I Postgraduate studentsandcourses...... 3,21 Peace Prize,Sydney P ...... Online servicedelivery ...... 40 principal Officers, ...... 48 Occupational healthandsafety O National HealthandMedicalResearch N ...... 20 Museums ...... 16,17 Memoranda ofunderstanding ...... 20–21 Media coverage ...... 35 Management structure M Privacy andPersonalInformationProtection Principal officers...... 40 ulctos...... 21 Publications ...... 7, 11, 12, 13,19 ...... 3, 7,8,9,16,21,22–23 10, 11,12,13,16,19,21,23,24,26,27,30–31 c ...... 54 Act tdn xhneareet ...... 15,16,17 Student exchangeagreements ...... 3 Scholarships ...... 3,14,15,16,21,22,52 Overseas visits ...... 16,17 Memoranda ofunderstanding ...... 15, 51–52 International students ...... 24,52 Alumni relations ...... 15,16 Academic initiatives ...... 11,19,25,30–31 technology (ICT) oni rns...... 3,6,7,8,9 Council grants 131 Annual Report 2005 132 The University of Sydney e-ae evcs...... Web-based services W 28 Vice-Chancellor’s Awards...... 19, Vice-Chancellor’s report...... 5 ...... 2 Values V University Relations...... 25 U Teaching 10–11,12,13,28 awards...... 3, T Schools,Sydney...... 15 Summer andWinter ...... 15,16,17,52 Study Abroad 21 Student services...... 18, insidebackcover Student numbers...... 43–44, ...... 15,16,17,52 Student exchangeagreements ...... 35 Structure, academicandadministrative Statistics ...... 3,10–11,12,13,28,49 awards Staff ...... 18 Sport ...... 3,9,insidebackcover companies Spin-off ...... 36–39 Senate ...... 3,8,18,19,26 Scholarships S 48 Risk management...... 34, ...... 3,8 Rhodes Scholarship ...... 3,6–9 Research R ..11, 12,13,16,19,21,23,24,26,27,30–31 nentoa ...... 15,insidebackcover International ...... 43–44,insidebackcover Student ...... 45–46,insidebackcover Staff Fellows ...... 36 ...... 37 Committees ...... 39 Attendance atmeetings ...... 42,insidebackcover Centres CRICOS provider 00026A www.usyd.edu.au/about/publication/pub/annual. University’s website at isalsoavailableonthe The AnnualReport Email: [email protected] Fax: +61293513289 Phone: +61293515742 University ofSydneyNSW2006 Quadrangle A14 Room L09 Publications Office please contact: copiesofthisAnnualReport, For further © TheUniversityofSydney2006 ISSN 0313-4474 Total externalcosts:$8875.00 Mostead,KarlSchwerdtfeger,Arthur Ted Sealey Photographs byRossBarnett,Brett Boardman, Printed byPLT PrintSolutions Design byMiraRajkovicandMelindaMay University ofSydney. Produced ofthe bythePublicationsOffice youwishtovisit. telephone theunitordepartment above times.To checkopeningtimes,please oftheUniversityareMany offices openbeyondthe the year. opening hoursare reduced and varythroughout Hours forspecificservicesvary. Non-semester (during semester):7.30am–7.30pm University ofSydneyUnionfacilities opening hoursofotherUniversitylibraries.) www.library.usyd.edu.au forthesedetailsand the year. (Seethewebsiteat Library hoursoutsidesemestervarythroughout Sunday: 1pm–5pm Saturday: 9am–5pm Friday: 8.30am–8pm Monday–Thursday: 8.30am–10pm Fisher (duringsemester) Library Monday–Friday, 9am–5pm Switchboard Hours ofopening: Website: www.usyd.edu.au Phone: +61293512222 NSW 2006Australia University ofSydney The address oftheUniversityis: The University of Sydney NSW 2006 April 2006

The Honourable Carmel Tebbutt, MLC Minister for Education and Training Level 33, Governor Macquarie Tower 1 Farrer Place Sydney NSW 2000

Dear Minister, The Senate of the University of Sydney has the honour of presenting to you, in accordance with the Annual Reports (Statutory Bodies) Act 1984 and its subsequent amendments, the report of the proceedings and financial statements of the University of Sydney for the year ended 31 December 2005.

The Hon Justice Kim Santow OAM Chancellor The University of Sydney in 2005

45,966 students 8808 international students 5812 full-time staff 17:1 student/staff ratio Professor Gavin Brown AO 15 Federation Fellows Vice-Chancellor and Principal 9 ARC Centres of Excellence 1 ARC Special Research Centre 1 ARC Key Centre of Teaching and Research 22 Cooperative Research Centres 3 NHMRC Centres of Clinical Research Excellence 29 spin-off companies $175 million research and consultancy income 5.1 million library holdings 42 sporting clubs 250+ clubs and societies The University The University of Sydney Report Annual Sydney of University The of Sydney Annual Report Annual Report 2005 2005 200 5

University of Sydney NSW 2006 Australia www.usyd.edu.au 06/1042