Financial Statements Volume 2 Financial Statements and Independent Audit Reports Page
ANNUAL REPORT 2018 Financial Statements Volume 2 Financial Statements and Independent Audit Reports Page Western Sydney University 3 Western Sydney University Enterprises Pty Limited trading as Western Sydney University The College 87 Western Unlimited Ltd 119 Western Sydney University Early Learning Limited 145 Whitlam Institute within Western Sydney University Limited 167 Whitlam Institute within Western Sydney University Trust 187 Western Growth Developments (Westmead) 207 Western Growth Developments (Innovation Hub Parramatta) 227 Supporting data Appendices 247 1 This page is intentionally blank 2 Western Sydney University Consolidated Financial Statements For the year ended 31 December 2018 3 4 5 6 Start of Audited Financial Statements Western Sydney University Income Statement For the Year Ended 31 December 2018 Consolidated Parent 2018 2017 2018 2017 Note $'000 $'000 $'000 $'000 Income from continuing operations Australian Government financial assistance Australian Government grants 2 331,837 334,413 331,837 334,413 HELP - Australian Government payments 2 234,686 218,750 234,686 218,750 State and Local Government financial assistance 3 128 19 128 19 HECS-HELP - Student Payments 14,075 13,700 14,075 13,700 Fees and charges 4 157,200 115,291 148,391 106,600 Investment revenue 5 2,424 14,047 2,283 13,939 Consultancy and contracts 6 25,342 23,074 25,334 23,068 Share of profit or loss on investments accounted for using the equity method 7 190 (834) - - Gain on disposal of assets 8 33,987 36,023 33,993 35,940 Other revenue and income
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