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Australian National University—Report for 2013
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203 ANU in 2013 | Annual Report 2013
A N N U A l R e p o R T 2 0 1 3
1 ANU in 2013 | Annual Report 2013
The Australian National University
The Australian National University (ANU) was established by an Act of the Federal Parliament in 1946. Its founding mission was to be of enduring significance in the post-war life of the nation, to support the development of national unity and identity, to improve Australia’s understanding of itself and its neighbours, and to contribute to economic development and social cohesion.
Today, ANU is a celebrated place of intensive research, education and policy engagement - setting the standard on issues of national and international importance.
ANU is a:
> centre of unparalleled intellectual talent and research excellence > body of students drawn from across the nation and around the world > leading contributor to public policy formation and debate
> partner to Australia’s national government and parliament > global university that consistently ranks amongst the world’s finest educational institutions.
Naturam primum cognoscere rerum First to learn the nature of things
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Further information about ANU www.anu.edu.au
Annual Report available online at about.anu.edu.au/profile/annual-reports
Course and other academic information Director, Division of Student Recruitment and Admissions The Australian National University Canberra ACT 0200 T +61 2 6125 5594
General information Director, Marketing Office The Australian National University Canberra ACT 0200 T +61 2 6125 2252
Published by The Australian National University
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ISSN 1327-7227 April 2014
MO_14008
ANU IN 2013
Letter of transmittal 7
An introduction from the Vice-Chancellor 8
2013 snapshot 10
ANU executive 12
University organisational chart 16
A visionary gift 18
Annual results and sources of income 20
Education 22
Research 36
Government engagement and public policy 47
International relations 53
Community engagement 57
Alumni relations and philanthropy 65
Innovation 76
Infrastructure development 82
REVIEW OF OPERATIONS
ANU people 88
Governance 92
Academic structure of the University 104
Risk management 106
Indemnities 109
Access 110
A safe, healthy and sustainable work environment 114
The environment 117
FINANCIAL INFORMATION
Audit report 126
Statement by the Council 129
Financial statements 130
Index 196
Glossary 198
C O N T E N T S
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ANU in 2013
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In 2013, ANU advanced its international reputation for excellence in research and education. With our high concentration of globally recognised scholars, ANU as Australia’s national university and Australia’s finest university has a distinct national mission which differentiates us from other universities. We have continued to achieve our mandate, to advance the cause of learning and research, taking our place amongst the finest universities in the world.
2013 was a year of change and renewal for ANU. It was both a remarkable and busy year for the University.
The year began with the announcement of a donation by Graham and Louise Tuckwell of $50 million to establish the Tuckwell Scholarship program. More than 600 students from around Australia applied for the 25 scholarships on offer for 2014. The Tuckwell donation has had significant impacts beyond ANU and has transformed philanthropy in Australia with two
further $50 million-plus donations to Australian universities. These gifts were inspired by the generosity and leadership of the Tuckwells.
Responding to the financial situation resulting from Commonwealth reductions in funding was the biggest issue the University faced in 2013. The significant budget challenges for ANU were addressed by a process which engaged directly with staff and students and sought their suggestions on how to address the issues. This led to the Budget Solutions package which will see a reduction in professional staff numbers and a program to reinvest in our academic staff. Through the process the University identified a need to make changes to many of our administrative processes. Our priority is to ensure that the challenges faced do not impact on the quality of our research and education.
Excellence in the University’s education and processes was recognised in 2013 when it was announced that ANU had been re-accredited for seven years under the new Tertiary Education Quality and Standards Agency (TEQSA). The re-accreditation report recognises the quality of our education and the processes put in place by ANU Colleges and the Academic Board.
The University achieved a number of outstanding results in competitive grants awarded by the Australian Research Council (ARC). Two new ANU-led ARC Centres of Excellence were announced in the 2014 funding round and ANU will be a partner on five further successful Centres of Excellence. For the main Discovery projects ANU won more grants than any other Australian university. Across the breadth of the ARC funding schemes ANU has improved its position relative to the rest of the Group of Eight (Go8) universities.
The University’s capacity to offer unique learning and educational experiences was underscored in 2013 when it was announced that ANU would be the first Australian university to join edX, the Massive Online Open Course provider set up by MIT and Harvard. The first two ANUx courses being developed are in Astronomy and Astrophysics led by Nobel Laureate Professor Brian Schmidt AC, and on India, which will be the first edX course delivered in multiple languages.
The ANU campus continued to transform during the year with the completion of the major Science Precinct redevelopment. This significant redevelopment was made possible through a $164 million investment from the Australian Government and a sizeable contribution of ANU funds. The new precinct has greatly enhanced the quality of facilities for both our staff and students. The new building for the Australian Centre on China in the World is also on track for completion early in 2014.
This annual report reflects an immensely productive year for ANU and highlights a small selection of the many individual and shared success stories. It is an extraordinary privilege to lead such an inspiring and dedicated group of staff and students. I am proud of all that they have achieved.
Professor Ian Young AO Vice-Chancellor and President
V I C E - C H A N C E L L O R ’ S
I N T R O D U C T I O N
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2 0 1 3 S N A P S H O T
83% of ANU academic staff held a PhD degree
48th in the world in the 2013 Times Higher Education World University Rankings
51% of students enrolled at graduate level
33% of Higher Degree Research students at ANU are from overseas
39% of domestic undergraduate students are from outside the ACT region
Top Australian university in the 2013 QS World University Rankings
49 international delegations, 23 Heads of Diplomatic Missions and 18 Federal politicians visited campus
4,814 student accommodation beds on campus
ZZZZ
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Professor Marnie Hughes-Warrington
Deputy Vice-Chancellor (Academic) BEd(Hons) Tas, DPhil Oxon
Professor Hughes-Warrington is responsible for enhancing the University’s national and global leadership in the provision of research-led education, and strengthening regional, national and international connections in curriculum, education commercialisation, philanthropy and educational research.
Professor Hughes-Warrington is an active researcher. She has published six books and been awarded $18 million in national and international grants. Her writing and teaching has taken her from the study of Hegel’s theories to historical films and hate histories.
A N U E X E C U T I V E
Professor Ian Young AO
Vice-Chancellor and President BE(Hons) MEngSc PhD JCU, Hon FIEAust, FTSE
As Vice-Chancellor, Professor Young guides the strategy and day-to-day leadership of the University. The Vice-Chancellor is also a member of the ANU Council.
Professor Young was previously Vice-Chancellor of Swinburne University of Technology for seven years (2003 to 2011). In 2014 he will assume the Chair of the Go8 Board of Directors. Professor Young’s research interests are in coastal and ocean engineering and physical oceanography. He has a distinguished academic career, having published three books and more than 100 refereed papers. He has had sustained research support from the ARC and has been a consultant to the US Navy and the offshore oil and gas industry in Australia, Asia and North America.
Professor Margaret Harding
Deputy Vice-Chancellor (Research) BSc PhD DSc Syd, CChem, FRACI
Professor Harding is responsible for the development and implementation of strategies, policies and systems to maintain and enhance achievement and overall research performance of the University.
Professor Harding held the positions of Pro Vice-Chancellor (Research) at the University of New South Wales (UNSW) from 2008 to 2012, and inaugural Dean of Graduate Research at UNSW from 2005 to 2009. Professor Harding’s continuing academic career has seen her publish more than 110 research articles, awarded the Royal Australian Chemical Institute Rennie and Biota Medals, and hold Australian Academy of Science Fellowships in France, the UK and the USA.
Professor Jenny Corbett
Pro Vice-Chancellor (Research & Research Training) BA(Hons) ANU, MA Oxon, PhD Michigan
Professor Corbett provides leadership in linking the University’s quality and standards agenda across research and education, including strategies to enhance research and graduate education outcomes. She also maintains her position as Executive Director of the Australia-Japan Research Centre in the Crawford School of Public Policy.
An economist by training, she has published widely on economic policy and developments in the Japanese economy and East Asia. She is also a specialist on banking crises in Asia.
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Dr Erik Lithander
Pro Vice-Chancellor (International & Outreach) BSc (Econ) LSE, MPhil PhD Cambridge
Dr Lithander provides leadership on international partnerships and government relations, international students at ANU, national and international student recruitment and admissions, and brand and reputation management.
Prior to moving to Canberra, Dr Lithander was Director of International Affairs at the University College Dublin, and Associate Director for International Relations at the University of Auckland. His research interests lie in contemporary Latin American literature and he has a particular interest in public policy issues relating to the funding of higher education.
Mr Chris Grange
Executive Director (Administration & Planning) BA UNSW, MComm Wollongong
Mr Grange provides leadership to service divisions and brings a support-services perspective to strategic discussions.
Mr Grange has extensive experience in university administration, finance and human resources. Previously he was Vice-Principal (Administration) at the University of Wollongong. He is highly regarded across the university sector for his strategic approaches to administration and planning.
A N U E X E C U T I V E
Professor Richard Baker
Pro Vice-Chancellor (Student Experience) BA(HONS) ANU, PhD Adelaide
Professor Baker provides leadership of strategic initiatives that enhance standards of student learning and improve the quality of the student experience.
Professor Baker has a long history of educational leadership at ANU. Trained in the fields of geography and archaeology at ANU and the University of Adelaide, he has also worked at the Northern Territory Museum and the National Museum of Australia. His research has focused on issues related to Indigenous land management and how to effectively link teaching and research.
Professor Michael Cardew-Hall
Pro Vice-Chancellor (Innovation & Advancement) BSC(Hons) Nott, PhD Imperial College, CENG, FLMECHE
Professor Cardew-Hall provides leadership on strategic initiatives to build growth in research and education outcomes through partnerships with industry, government and not-for-profit organisations. He is also CEO of ANU Connect Ventures, a pre-seed venture capital fund associated with ANU.
Professor Cardew-Hall is a Chartered Engineer and a Fellow of the Institution of Mechanical Engineers and Institution of Engineers Australia. He was previously Head of the ANU Department of Engineering, and Deputy Dean and Acting Dean of the ANU College of Engineering and Computer Science.
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U N I V E R S I T Y O R G A N I S A T I O N A L
C H A R T
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A V I S I O N A R Y G I F T
In 2013, Graham and Louise Tuckwell pledged a historic $50 million gift to ANU. The donation was, at the time, the largest ever from Australians to an Australian university.
The gift, which was given through the Graham & Louise Tuckwell Foundation, established the Tuckwell Scholarship program, the most transformative undergraduate scholarship in Australia. Every year, 25 new Scholars will be awarded $20,000 per annum for the length of their degree to support a community-based residential experience at ANU.
With a strong focus on giving back to Australia, the program is as unique as the gift. It is the only one of its kind to nurture students to fulfil their broader community ambitions over and above the pursuit of a university degree.
Graham and Louise believe that Tuckwell Scholars should be chosen not only for their academic merit
but also for their commitment to their community and their willingness to give back.
“Both my wife and I benefited enormously from our educational experiences…We would like to give that opportunity to other young Australians who we feel can use their education to transform not only their lives, but also the lives of others.” Graham Tuckwell
The Scholarship, open to students Australia-wide, is also unique in that it allows recipients to study a single or double undergraduate program, including honours and vertical degrees (degrees that combine undergraduate and graduate study in a reduced time-frame) in any discipline.
“The Scholars will be from a broad range of backgrounds and interests and they will be developing these interests in different ways; some
may be undertaking academic medical research, or working in finance or on social outcomes, all of which are important. The common thread is interacting and giving back,” said Mr Tuckwell.
Graduating in 1978 with a Bachelor of Economics with Honours and then again in 1981 with a Bachelor of Laws, Graham has come a long way since his days at ANU. In choosing ANU to be the custodian of the Tuckwell Scholarship, Graham hopes Tuckwell Scholars will have the same opportunities and experiences he did.
The first 25 Tuckwell Scholars were chosen from a shortlist of 72 students who spent a weekend at ANU undertaking a series of individual and group interviews. The original call for scholars attracted 657 applicants of which 217 were invited to the next stage of assessment.
Inspired by the Tuckwell’s vision, ANU established 100 new scholarships for first-year students to
study at ANU in a one-off ANU Centenary Scholars Program.
The announcement of the program was made in late 2013 at the Business Higher Education Roundtable Awards for 2013, where Graham and Louise Tuckwell were honoured for their generous gift with the Award for Outstanding Philanthropic Support of Higher Education.
The scholarships will be awarded to the first 100 shortlisted Tuckwell Scholarship applicants who did not receive either a Tuckwell or other ANU scholarship.
ANU Vice-Chancellor Professor Ian Young said that the Tuckwells’ vision and the students shortlisted for the Tuckwell Scholarships inspired the University to act.
Learn more about the Tuckwell Scholarships http://bit.ly/rep_tuckwell
Graham Tuckwell with scholarship hopefuls. Graham Tuckwell.
Photo by Stuart Hay.
Photo by Adam Da Cruz.
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A N N U A L R E S U L T S A N D
S O U R C E S O F I N C O M E
The University’s Operating Result, on a consolidated basis, as disclosed in the Annual Financial Statements, is a surplus of $25 million in 2013. This compares with the reported surplus of $57 million in 2012.
The University’s consolidated Net Assets stand at a substantial $2.151 billion with Financial Assets totalling $1.221 billion.
The University’s Total Income, on a consolidated basis, has decreased to $1.006 billion from $1.022 billion in 2012. Figure 1 shows the distribution of, and changes to, sources of the University’s income. TABLE 1: UNDERLYING OPERATING RESULT
Consolidated University
2013 $’000’s
2012 $’000’s
2013 $’000’s
2012 $’000’s
Operating revenue 1,007,563 1,022,373 977,511 994,861
Operating expenses 982,189 965,618 958,113 932,441
Operating result - surplus/(deficit)
25,374 56,755 19,398 62,420
Adjusted for -Investment income from sale of financial assets (24,669) (7,062) (18,444) (12,375)
Financial asset impairments 16,789 24,536 15,073 22,833
Philanthropic Funds (Donations & Bequests) (12,665) (5,310) (12,655) (5,310)
Capital grants received (6,828) (47,433) (6,828) (47,433)
Restricted specific purpose funds growth (3,465) (7,182) (3,465) (7,182)
Voluntary Early Retirement Scheme 12,400 0 12,400 0
Operating result from Discontinued Operations (1,245) 0 0 0
Underlying operating result - surplus/(deficit)
5,691 14,304 5,479 12,953
FIGURE 1: THE AUSTRALIAN NATIONAL UNIVERSITY - ANALYSIS OF INCOME (CONSOLIDATED)
-
200
400
600
800
1,200
1,400
$M
2009 2010 2011 2012 2013
Australian Government Financial Assistance HECS - Student Contributions State Government Financial Assistance Fees and Charges Consultancy and Contract Research Other Revenue Investment Revenue Other Income
Annual Report 2013 | ANU in 2013 22
E D U C A T I O N
ANU strives to achieve educational excellence by focusing on the development of high-quality, research-informed curriculum and sector-leading approaches to learning and teaching. Our educational experience is augmented by the provision of resources and opportunities outside the classroom to create a transformative educational experience.
This unique educational experience saw significant advances in 2013 with the introduction of vertical and flexible double degrees, new scholarship opportunities and the enhancement of online learning through partnership with edX.
Vertical double and flexible double degrees
Vertical double degrees enable students to complete master’s courses as part of their bachelor’s degree and complete the two degrees more quickly than would have been the case had the degrees been undertaken consecutively.
Following the approval of a suite of vertical double degrees in 2012, the first student enrolments in these programs took place in 2013. Thirty-nine students enrolled in the three available vertical doubles. Further vertical doubles are expected to be approved in 2014.
A flexible double degree allows students to combine two bachelor’s degrees of their choice, with the possibility of building a combination to suit both a career path and a personal passion. The addition of these degrees to the University’s educational portfolio was approved in 2013 with the first students to start in 2014.
Application for renewal of registration as a higher education provider
The University submitted an application for the renewal of its registration as a higher education provider in late 2012. This application documented the University’s quality assurance and risk management processes. It also included evidence
DSTO Scholarship winner Molly Thomas.
of how the University met the threshold quality standards set by the Tertiary Education Quality and Standards Agency (TEQSA), the Commonwealth agency responsible for assessing applications for university registration. TEQSA advised ANU, in June 2013, that the University had been re-registered for seven years, until June 2020.
iANU mobile application
The iANU mobile phone app was launched in 2013. The app gives students and staff mobile access to University information all in the one place. Users can keep track of event dates, the latest campus news and notices, as well as having direct access to the University’s Facebook page and email logins.
With the touch of a button, the app’s map transforms into a hand-held virtual compass, showing buildings and distances from your current location. The map works in real-time, moving with you as you move.
The student course website Wattle is also included in the app, giving students instant access to lecture notes, readings, digital lecture recordings, timetables and learning resources.
Other key features include: videos from ANUChannel and stories from ANU Reporter, a directory of ANU staff, the ANU Experts Guide for journalists and access to the ANU library.
Defence Science and Technology Organisation Scholarships
The Defence Science and Technology Organisation (DSTO) awarded three scholarships to female ANU undergraduate students in science and engineering. The scholarships, worth $10,000 per year for four years, are intended to encourage high-performing female students to take up or continue undergraduate studies in science and engineering.
Photo by Stuart Hay.
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edX
ANU became the first Australian member of edX, the online learning enterprise founded by Harvard University and the Massachusetts Institute of Technology that aims to provide education to one billion people worldwide within 10 years.
Participation in edX will ensure that ANU programs, academics and the University’s approach to education will be accessible to people around the world. ANU prides itself on being a generator of new knowledge, and edX provides the University with the platform to engage with alumni, current and future students, and the global population.
The first two ANU edX courses are Astronomy and Astrophysics, taught by Nobel Laureate Professor Brian Schmidt AC and his Research School of Astronomy and Astrophysics colleague
Key recommendations included:
> the adoption of a standard two-year full-time equivalent study model for master’s degrees, with provision for credit for previous study and work experience
> a reduction in the number of Graduate Certificates and Graduate Diplomas > more consistency in admission standards.
Higher Education Academy Fellowships
Following a review of professional development for academic staff, ANU decided to collaborate with the United Kingdom Higher Education Academy (HEA) by establishing an Educational Fellowship Scheme which was accredited by the HEA in 2013.
ANU is now able to confer all four categories of the HEA’s international recognition of professionals in
HEA Director Craig Mahoney with ANU Deputy Vice-Chancellor (Academic) Professor Marnie Hughes-Warrington with the signed documents.
Dr Paul Francis, and Engaging India, taught by Dr McComas Taylor and Dr Peter Friedlander from the ANU College of Asia and the Pacific. Both courses will be available in 2014.
“edX brings together the best universities in a non-profit model, which I think is entirely appropriate for ANU, Australia’s national university.” Professor Brian Schmidt AC, Nobel Laureate
Graduate coursework reforms
In late 2012, a graduate coursework working party was established to develop common and consistent models and structures for graduate coursework across the University. The working party also considered consistency of terminology for graduate coursework awards, articulation and credit pathways.
higher education teaching and learning: Associate Fellow, Fellow, Senior Fellow and Principal Fellow.
The University plans to use the benchmarking process of the fellowships to help map out and identify further professional development individuals may need in order to progress to a higher fellowship level.
ANU is the first university outside the UK to formally collaborate with the HEA and participate in the fellowship program.
The first fellows were appointed in December 2013, with 11 academics recognised for teaching excellence. The highest recognition went to Professor Michael Martin from the ANU College of Business and Economics, who was appointed Principal Fellow. A further 10 academics were appointed as Senior Fellows.
Professor Schmidt and Dr Francis.
Photo by Stuart Hay.
Photo by Stuart Hay.
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Teaching excellence
Dr Carol Hayes from the ANU College of Asia and the Pacific received an Award for Teaching Excellence at the 2013 Australian Awards for University Teaching. Dr Hayes specialises in Japanese cultural production including literature and film as well as popular culture, such as anime and manga. The citation for the award praised Dr Hayes’ leadership in Japanese studies. Dr Hayes has been an early adopter of digital technologies, which she uses to inspire her students to learn.
Programs and courses website
The University’s new online course catalogue, Programs and Courses, was launched in 2013.
The new application and website is the start of a broader initiative to transform the administrative management, integration and publication of our educational offerings.
The new site provides a tool for the promotion and creation of flexible double degrees and a degree finder. It also includes an improved platform for the delivery of future projects providing advice for commencing students and allowing all students to track progress towards the completion of their studies.
The new site reflects the collaboration of central and college student administration, IT Services, Marketing, the ANU Students’ Association (ANUSA) and the ANU Postgraduate and Research Students’ Association (PARSA), as well as the considerable input of staff and students across the campus.
ANU Secondary College and ANU Extension
ANU Secondary College, the University’s extension program for senior secondary students, continued to attract student interest, with 103 Year 12 students completing the program in 2013.
Work continued on the development of ANU Extension, which will replace ANU Secondary College in 2014. The University has worked closely with government and non-government schools and the ACT Board of Senior Secondary Studies to develop courses and administrative processes for ANU Extension.
Student mental health initiatives
A Mental Health Roundtable was held in July 2013 following a meeting of the Student Experience Committee in April 2013. At the Roundtable it was agreed to establish a mental health working party which provided a report in late 2013. The working Dr Carol Hayes.
“The fundamental aim of my teaching is to promote self-realisation, encouraging my students to become proactive and self-motivated.” Dr Carol Hayes
party developed the ANU Mental Health Strategy 2013-2015, which proposed to improve and promote wellbeing, support staff and students experiencing mental health difficulties and mental illness, and support students and staff assisting others with mental health difficulties. The implementation of the strategy will be overseen by a Mental Health Advisory Group, to be established in 2014, and chaired by the Pro Vice-Chancellor (Student Experience).
O-Week makes history
The 2013 O-Week, transformed into ‘Festival Week’, brought international flavour to campus, hosting a series of international-themed events, including India’s Holi paint festival, Mexico’s ‘Day of the Dead’ Dia de los Muertos, Spain’s tomato-tossing La Tomatina, and Artsfest.
Festival Week culminated in a ‘secret garden’ themed party featuring internationally renowned band The Presets - the biggest single event in ANU O-Week history. More than 2,000 students gathered under the leafy canopy in University Avenue to experience the concert amidst colour, costumes, bunting, lawn and fairy lights.
ANUSA organised the calendar of O-Week events. While the events and concerts typically attract most of the attention during O-Week, 2013 ANUSA President Aleks Sladojevic said students benefited equally from the less-publicised services available to students that are delivered continuously throughout O-Week.
“O-Week is a chance for students to understand what life at university is all about. It’s ANUSA‘s responsibility to get out there and ensure questions were answered and students feel supported,” she said.
With a larger-than-usual undergraduate intake in 2013, ANUSA met the needs of increasing numbers of students by providing around 6,000 lunches over the course of the week, giving welfare and advice, hosting students in the Student Space in Union Court and publishing material to assist students. Photo by Jimmy Walsh.
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Students enjoying O-week events. Photos supplied by ANU Students’ Association.
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TABLE 2: STUDENT NUMBERS FOR 2013
Note: Based on provisional enrolment data as at 23 December 2013. Students who are New Zealand citizens are classified as domestic students.
Domestic/ International
Home location Graduate Undergraduate Total
Domestic ACT and Queanbeyan 3,552 5,044 8,596
New South Wales 1,435 1,903 3,338
Victoria 740 563 1,303
Queensland 460 201 661
Western Australia 268 121 389
South Australia 426 79 505
Tasmania 38 93 131
Northern Territory 78 31 109
Overseas 249 210 459
Unknown 49 1 50
Domestic total 7,295 8,246 15,541
International North-East Asia 1,967 1,153 3,120
South-East Asia 655 602 1,257
Southern and Central Asia 338 92 430
Americas 202 116 318
North-West Europe 102 39 141
North Africa and The Middle East
83 12 95
Oceania and Antarctica 75 24 99
Sub-Saharan Africa 79 11 90
Southern and Eastern Europe 40 11 51
Unknown 6 1 7
International total 3,547 2,061 5,608
Total 10,842 10,307 21,149
TABLE 3: EFTSL BY PROGRAM CAREER FOR 2008 TO 20131
FIGURE 2: HIGHER DEGREE RESEARCH DOMESTIC/INTERNATIONAL EFTSL FOR 2008 TO 20131
1 Data for 2013 are provisional. 2 Coursework data include: graduate coursework, undergraduate and non-award. Note: All numbers have been rounded. Total numbers may vary due to rounding.
1 Data for 2013 are provisional.
Program career Domestic/ International
2008 2009 2010 2011 2012 2013
Higher Degree Research
Domestic 1,204 1,231 1,292 1,347 1,323 1,362
International 504 564 604 685 731 771
Higher Degree Research total 1,709 1,796 1,897 2,032 2,054 2,133
Coursework2
Domestic 7,864 8,051 8,201 8,247 8,713 8,946
International 2,542 2,974 3,426 3,694 3,601 3,723
Coursework total2 10,406 11,026 11,627 11,941 12,314 12,669
Total 12,115 12,821 13,524 13,973 14,368 14,802
TABLE 2: MEDIAN ENTRY ATAR SCORES FOR 2008 TO 2013
2008 2009 2010 2011 2012 2013
Median entry ATAR1 score 91.95 93.30 93.20 93.70 92.95 95.55
1 UAIs prior to 2010 have been converted to ATARs for comparison.
200
400
600
800
1,000
1,200
1,400
2008 2009 2010 2011 2012 2013
EFTSL
Higher Degree Research Domestic Higher Degree Research International
Education facts and figures
33 ANU in 2013 | Annual Report 2013 Annual Report 2013 | ANU in 2013 32
FIGURE 3: COURSEWORK1 DOMESTIC/INTERNATIONAL EFTSL FOR 2008 TO 20132 FIGURE 5: HIGHER DEGREE AND GRADUATE STUDENT ENROLMENTS FOR 20131
FIGURE 4: HIGHER DEGREE AND GRADUATE STUDENT ENROLMENTS FOR 2011 TO 20131
1 Coursework data includes: graduate coursework, undergraduate and non-award. 2 Data for 2013 are provisional.
1 The 2013 data are provisional as at 23 December 2013.
1 The 2013 data are provisional as at 23 December 2013.
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
2008 2009 2010 2011 2012 2013
EFTSL
Coursework Domestic Coursework International
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2,200
2,400
Female Male Female Male Female Male Female Male
Doctorate by Research Masters by Research Higher Degree Coursework Other Graduate
No. of enrolments
2011 2012 2013
25%
1%
42%
32%
Doctorate by Research
Masters by Research
Higher Degree Coursework
Other graduate
TABLE 4: COMPLETIONS BY PROGRAM TYPE FOR 2010 TO 2012
Note: Data for 2013 not available until 2014.
Program type 2010 2011 2012
Graduate Percentage of total graduate completions
Higher Degree Research
Doctorate by Research 11.1 9.8 8.8
Masters by Research 1.0 0.7 0.5
Graduate coursework
Doctorate by Coursework 0.1 0.1 0.0
Masters by Coursework 52.4 53.9 55.8
Graduate Diploma 25.2 27.1 7.4
Graduate Certificate 10.3 8.3 27.4
Undergraduate Percentage of total undergraduate completions
Bachelor’s degrees
Bachelor’s Pass 76.9 79.4 75.8
Bachelor’s Honours & research focused (PhB)
17.9 15.8 19.1
Bachelor’s graduate entry 4.1 3.1 3.7
Other undergraduate
Associate Degree 0.3 0.6 0.7
Diploma 0.8 1.1 0.7
35 ANU in 2013 | Annual Report 2013 Annual Report 2013 | ANU in 2013 34
FIGURE 6: COMPLETIONS BY PROGRAM TYPE FOR 2010 TO 2012 TABLE 5: ANU COLLEGE/AREA FOR 2013 BY EFTSL1
10
20
30
40
50
60
70
80
Doctorate by Research
Masters by Research
Doctorate by Coursework
Masters by Coursework
Graduate Diploma
Graduate Certicate
Bachelors Pass
Bachelors Honours & Research Focused (PhB)
Bachelors Graduate Entry
Associate Degree
Diploma
% of Total Completions
2010 2011 2012
ANU College/Area
Total students
Higher Degree Research
Higher Degree Coursework
Other Postgraduate
Undergraduate
Non-award
ANU College of Arts and Social Sciences
3,031.6 479.1 163.8 55.3 2,321.6 11.9
ANU College of Asia and the Pacific
1,976.1 355.2 799.6 244.0 501.5 75.9
ANU College of Business and Economics 3,028.7 90.0 1,075.5 28.8 1,825.4 9.1
ANU College of Engineering and Computer Science 1,148.4 217.6 137.3 0.5 772.5 20.5
ANU College of Law 2,184.0 38.7 260.7 1,028.9 843.1 12.6
ANU College of Medicine, Biology and Environment 2,152.7 500.1 109.2 21.7 1,509.0 12.8
ANU College of Physical and Mathematical Sciences 1,183.9 434.5 54.1 2.1 685.7 7.6
ANU Joint Colleges of Science 39.3 0.0 0.4 0.0 38.9 0.0
Non-College areas 57.5 18.3 2.6 1.7 30.9 4.0
Total 14,802.2 2,133.4 2,603.1 1,382.9 8,528.5 154.3
1 The 2013 student data is provisional (Weekly Enrolment Monitoring as at 23 December 2013).
37 ANU in 2013 | Annual Report 2013 Annual Report 2013 | ANU in 2013 36
Research is central to everything ANU does, shaping our educational experience and our contribution to national and international policy debate. ANU researchers are a resource for Australia, investigating the most important questions facing society. The University has a reputation for world-class research and looks forward to continued success.
ANU staff produce research of the highest quality, ensuring the institution has a competitive edge within the region and around the world. This commitment to international standards was evident in the University’s success in the 2013 QS World University Rankings by Subject. Five subjects attained top-10 world rankings, with politics and international studies coming in sixth position, history in seventh, geography in equal eighth, linguistics in ninth and philosophy ranking tenth.
ANU subjects that were top-ranked in Australia include: history, modern languages, philosophy, electrical engineering, earth and marine sciences, geography, mathematics, political and international studies, and sociology.
ANU supported the research of more than 1,600 academic staff and 2,100 Higher Degree Research students in 2013. The high calibre of these research staff and students is central to the University’s success in winning competitive grants, awards and prizes, and in undertaking research that is of benefit to society and the nation.
Australian Research Council Centres of Excellence
$50 million was awarded to two ANU-led ARC Centres of Excellence to undertake research for the next seven years.
Professor Nicholas Evans is Director of the ARC Centre of Excellence for the Dynamics of Language, which received $28 million in funding and is the only ARC Centre of Excellence awarded in the field of humanities and creative
R E S E A R C H
arts this round. The centre includes researchers from the University of Melbourne, the University of Queensland and the University of Western Sydney, as well as collaborators from Appen Pty Ltd, the Australian Institute of Aboriginal and Torres Strait Islander Studies, and ten international research institutes and universities.
Professor Murray Badger, Director of the ARC Centre of Excellence for Translational Photosynthesis, said the $22 million in new funding for the centre will support research into plant productivity to overcome global food shortages. The centre collaborates with the University of Queensland, the University of Sydney and the University of Western Sydney, along with the Commonwealth Scientific and Industrial Research Organisation (CSIRO) and the International Rice Research Institute.
ANU is a partner on a further five successful Centres of Excellence: ARC Centre of Excellence for Integrated Coral Reef Studies led by James Cook University; ARC Centre of Excellence for Integrative Brain Function led by Monash University; ARC Centre of Excellence for Robotic Vision led by Queensland University of Technology; ARC Centre of Excellence in Plant Energy Biology led by University of Western Australia; and ARC Centre of Excellence for Electromaterials Science led by University of Wollongong.
$10 million for Australian Laureate Fellowship projects
Funding of more than $10 million from an Australia-wide total of $47 Million was granted to four ANU researchers in the 2013 ARC Australian Laureate Fellowships scheme - more than any other Australian university. This result confirms the world-class calibre of ANU staff - ANU researchers have received the most Laureates since the scheme began in 2009.
Successful ANU recipients in 2013 were: Professor Nicholas Evans, for his project on linguistic diversity; Professor Hugh O’Neill, who is studying the properties of naturally occurring
Inequality and social complexity
Professor Kim Sterelny’s project, The origins of inequality, hierarchy, and social complexity, investigates how humans came to be so unlike other animals, how our cooperative practices transformed us; and how those practices changed as human societies became increasingly complex after the invention of farming.
An ANU staff member since 2008, Professor Sterelny specialises in the philosophy of biology and psychology and philosophy of the mind. He has worked in a number of universities in Australia and internationally, and has won several international prizes in the philosophy of science.
Professor Kim Sterelny
minerals; Professor Kim Sterelny, who will investigate the origins of human cooperation and inequality; and Professor Xu-Jia Wang, for his project on nonlinear partial differential equations.
In addition to the Laureate Fellows, the Fellowships will support eight postdoctoral researchers and eight doctoral students at ANU.
The Australian Laureate Fellowship Scheme is administered by the ARC and supports Australian and international researchers to pursue innovative studies as well as mentoring early career researchers.
39 ANU in 2013 | Annual Report 2013 Annual Report 2013 | ANU in 2013 38
sciences, was named as an Officer of the Order of Australia for service to science in the areas of plant physiology and climate change, and was elected as a Foreign Associate of the US National Academy of Sciences.
Professor Howard Morphy was awarded the Huxley Medal from The Royal Anthropological Institute in recognition of his decades of influence in the field of anthropology. The Institute’s President, Professor Clive Gamble, spoke at the medal ceremony, saying Professor Morphy has re-established the field of visual anthropology at the heart of the discipline.
Professor David Chalmers, Director of the Centre of Consciousness, was the 15th Australian academic to be elected to the American Academy of Arts and Sciences. Professor Philip Pettit was admitted to the British Academy and Professor Chris Goodnow was honoured with election to the US National Academy of Sciences.
Emeritus Professor Rodney Baxter was honoured by the world’s oldest science academy, the Royal Society, with a Royal Medal for his breakthrough work in mathematical physics.
2013 also saw numerous researchers appointed as members and fellows of many of the world’s most distinguished organisations, including the Australian Academy of the Humanities, the Australian Academy of Science, the Academy of Social Sciences in Australia, the Australian Academy of the Humanities, the American Physical Society, the American Geophysical Union, the US National Academy of Sciences, the World Academy of Sciences and the British Academy.
These awards are only a few among many and demonstrate the exceptional calibre of the University’s researchers.
Professor Howard Morphy with the Huxley medallion.
Photo by Stuart Hay.
Research grants and awards
Overall, ANU researchers attracted significant grant support in 2013, winning more than $120 million from the ARC. ANU researchers won more Discovery Projects than any other university, with 85 projects in total, at the highest success rate in the country. More than 30 per cent of applications were funded, compared to a sector average of less than 20 per cent. In addition to the ARC Centres of Excellence and ARC Laureates, ANU researchers won:
> 22 Discovery Early Career Researcher Awards
> 14 Future Fellowships
> 17 Linkage Projects
> one Discovery Indigenous grant
> five Linkage Infrastructure, Equipment and Facilities grants.
The University has been successful in attracting major grants in strategic areas, including approximately $24 million from AusAID to continue a program of research activity in the State, Society and Governance in Melanesia program from 2013-2016. ANU was awarded almost $8 million from the Bill and Melinda Gates fund for pioneering research that will increase photosynthetic efficiency in crops. The University will also host 12 awarded National Health and Medical Research Council (NHMRC) Project Grants, and four new NHMRC Fellowships, including a Research Fellowship for mental health leader, Professor Kathy Griffiths.
Sustainable irrigation in Africa
More than $3 million from the Australian International Food Security Research Centre of the Australian Centre for International Agricultural Research will support research aimed at increasing irrigation water productivity in Mozambique, Tanzania and Zimbabwe.
The new project, led by researchers at the ANU Fenner School of Environment and Society, aims to find means of meeting African governments’
plans for greater food security while using limited water resources more sustainably.
The project will research more sustainable irrigation by deploying on-farm monitoring of water applied, soil water, nitrate, salt and groundwater depth and using this as a basis for identifying options for improving water productivity. It will also work with farmer organisations as a basis for establishing agricultural Innovation Platforms which comprise farmers, political representatives and players across the market value chain in order to identify obstacles and stimulate opportunities for change.
Project collaborators include the United Nations Educational Scientific and Cultural Organization Chair in Water at ANU, CSIRO, University of South Australia, Food and Natural Resources Policy Analysis Network, International Centre for Crop Research in the Semi-Arid Tropics, University of Pretoria, Ardhi University, Sokoine University of Agriculture in Tanzania, and the National Institute for Irrigation in Mozambique.
The project will work directly with smallholder irrigators in six irrigation areas and will engage government and non-government organisations so that they may scale up application.
Researchers honoured
An outstanding number of ANU researchers were honoured for their contributions to research and society in 2013.
Professor Kurt Lambeck, past President of the Australian Academy of Science, was conferred the insignia of Knight in the Order of the Légion d’Honneur (Award of Chevalier dans l’Ordre National de la Légion d’Honneur), and the Wollaston Medal of the Geological Society of London, the highest award given by the society. These add to an extensive track record of global awards and distinctions.
Professor Graham Farquhar was awarded an Einstein Professorship by the Chinese Academy of Science for his leading research in plant
41 ANU in 2013 | Annual Report 2013 Annual Report 2013 | ANU in 2013 40
ANU researcher named ACT Australian of the Year
Associate Professor Zsuzsoka Kecskes from the ANU Medical School was named the 2013 ACT Australian of the Year.
Zsuzsoka has pioneered the development of a web-based video service called NICUCAM that enables parents and families of infants in the Canberra Hospital neonatal intensive care ward to watch their babies from afar. NICUCAM is the first of its kind in Australia and has won international awards. This initiative was facilitated by the excellent support given by ANU Information Technology Services, which provided the platform for NICUCAM to commence operations.
Due to her extensive experience in, and leadership of, the Neonatal Intensive Care Unit, Zsuzsoka played a central role in a four-year project to design and develop Canberra’s new Centenary Hospital for Women and Children, working closely with families who have experienced neonatal care to develop a family-friendly, baby-focused, state-of-the-art facility.
In addition to her clinical work, Zsuzsoka plays a significant leadership role within the ANU Medical School as Deputy Chair of the Professionalism and Leadership curriculum.
PhD candidate recognised for conservation
Amanda Edworthy, a PhD candidate from the Research School of Biology, was awarded a prestigious Margaret Middleton Fund grant for endangered Australian native vertebrate animals by the Australian Academy of Science.
Amanda’s research into the decline of endangered forty-spotted pardalotes has led her into a unique collaboration with ANU School of Art students from the ANU Furniture Workshop. Together they created nesting boxes for the birds, which are threatened with extinction.
“There are only about 1,500 left. There has been a 60 per cent decline in their numbers in the last 20 years,” Amanda said.
“They need tree hollows to nest in but very few hollows remain in their natural habitat.”
The nesting boxes, which are of a tapered pentagonal shape like tree hollows, will be hung from trees about six metres in the air. They are built out of grade one timber suitable for coastal areas and designed to fit together without a need for screws and bolts that are prone to rusting. They have a shield and narrow entry pipe to prevent predators such as marsupial mice, snakes and larger birds from accessing the birds.
Head of the ANU Furniture Workshop, Ashley Eriksmoen, said designing the boxes presented similar challenges as designing furniture.
“These new artificial nesting burrows take into account the comfort and protection of the tiny birds, and also seek to be attractive and raise awareness of the issue. The design and making challenges overlap with furniture, to consider the exact needs of a living creature in a space, and then to employ skilled craftsmanship in the construction.”
The boxes will be used to determine the extent to which the availability of nest hollows limits forty-spotted pardalote population health. There is a strong possibility that the boxes will play an Zsuzsoka Kecskes in her hospital office.
important role in increasing forty-spotted pardalote numbers.
Ashley said the project presented a good opportunity for students to learn about ecological issues.
“It is very important that our students, who work with a precious natural resource, develop an awareness of ecological issues and be able to apply their creative problem-solving and design logic abilities to a broad range of problems, so this has been a fabulous project opportunity for our students.”
Forty-spotted pardalote.
Photo by Stuart Hay.
43 ANU in 2013 | Annual Report 2013 Annual Report 2013 | ANU in 2013 42
Research facts and figures
TABLE 6: RESEARCH FUNDING AND PUBLICATIONS FOR 2006 TO 20121
2006 2007 2008 2009 2010 2011 2012
Research funding ($’000)
Australian competitive grants 78,729 77,226 76,115 76,524 77,536 93,124 101,151
Other public sector research funding
22,976 38,289 46,134 27,037 119,663 87,677 92,735
Industry and other funding for research
18,416 18,453 22,795 23,691 26,810 25,974 22,247
CRC funding 2,572 1,852 1,164 658 287 493 1,093
Total research funding 122,693 135,820 146,208 127,910 224,296 207,268 217,226
Research publications (rounded)
Books 59 74 81 73 84 75 90
Book chapters 462 511 556 503 457 401 454
Journal articles 1,617 1,721 1,780 1,788 1,883 1,885 2,058
Conference papers 392 291 306 400 373 415 449
Unweighted total 2,530 2,598 2,723 2,763 2,797 2,777 3,050
Weighted total2 2,766 2,896 3,046 3,055 3,133 3,078 3,410
1 2013 data not available until 30 June 2014. 2 Books are weighted as five and other categories as one. Source: ANU returns to the Department of Industry, Innovation, Science, Research and Tertiary Education (DIISRTE) Higher Education Research Data Collections. Note: All numbers have been rounded. Total numbers may vary due to rounding.
Prime Minister’s award takes artist to Indonesia
PhD candidate and artist Elly Kent was one of four ANU students awarded a Prime Minister’s Australia Asia Outgoing Postgraduate Scholarship in 2013. The Scholarship is awarded to 20 students each year and supports research in Asia as part of a postgraduate qualification.
Elly will spend a year at the Bandung Institute of Technology speaking to artists and local experts, investigating participatory art practices in Indonesia.
Participatory art is about using art as a context for social engagement and investigates how people interact in the process of creating art, and how they react and engage to complete works of art. Elly has so far found that existing theories on the subject, which have their roots in European and American experience, do not explain participatory art practices in Indonesia.
Elly Kent in her studio.
45 ANU in 2013 | Annual Report 2013 Annual Report 2013 | ANU in 2013 44
FIGURE 7: RESEARCH FUNDING ($’000) FOR 2006-20121
Research Funding 2009 ($) 2010 ($) 2011 ($) 2012 ($) 2013 ($)
ARC 56,034,575 56,563,958 65,510,219 76,752,565 75,954,511
NHMRC 15,508,162 13,099,485 15,677,868 14,592,966 13,703,123
Other ACGR 4,981,570 7,872,409 11,935,772 9,805,820 13,293,678
Commonwealth, State and Local Government
27,037,203 119,663,146 87,677,212 92,734,771 90,913,567
Australian Industry and other3
11,244,928 12,383,909 10,505,531 8,626,122 4,454,986
International3 12,445,759 14,425,788 13,665,193 10,238,983 11,216,315
Cooperative Research Centres 657,742 287,191 493,323 1,093,044 1,092,044
LIEF/EIF/CRIS/NCRIS 20,444,764 24,035,213 12,677,410 8,488,078 8,550,801
Total 148,354,704 248,331,099 218,142,529 222,332,349 229,179,025
Staff 2009 2010 2011 2012 2013
ARC grants & fellowships 529 548 548 592 587
NHMRC grants & fellowships 114 110 109 104 91
Total academic staff (FTE)2 1,477 1,507 1,558 1,616 1,634
Staff: FTE, level C+2 800 823 853 862 880
ARC & MHMRC grants/staff (FTE, Level C+)
0.80 0.80 0.77 0.81 0.77
TABLE 8: SUMMARY OF RESEARCH ACTIVITY FOR 2009 TO 20131
Note: ARC - Australian Research Council; NHMRC - National Health and Medical Research Council; ACGR - Australian Competitive Grants Register; LIEF - Linkage Infrastructure, Equipment and Facilities (ARC Funding); EIF - Education Investment Fund; CRIS - Collaborative Research Infrastructure Scheme; NCRIS - National Collaborative Research Infrastructure Strategy.
1 2013 data based on 2013 projections as at 28 January 2014 2 Based on DIISRTE 31 March submissions 3
Excludes Higher Degree Research Fees
TABLE 7: RESEARCH FUNDING BY ANU COLLEGE/AREA FOR 2009-20131
1 2013 data based on projections as at 29 January 2014. Final data not available until 30 June 2014. Excludes LIEF, EIF, CRIS and NCRIS. 2 Total includes ANU Joint Colleges of Science and Non-college areas.
1 Final 2013 data not available until 30 June 2014 Source: ANU returns to DIISTRE Higher Education Research Data Collections
ANU College/Area 2009 2010 2011 2012 2013
ANU College of Arts and Social Sciences 13,710,150 13,507,483 15,850,173 14,556,425 13,696,571
ANU College of Asia and the Pacific
19,245,910 55,371,656 18,993,923 19,251,558 30,010,700
ANU College of Business and Economics
1,086,931 4,177,022 3,749,493 2,284,885 1,777,926
ANU College of Engineering and Computer Science 11,167,008 13,444,569 13,483,198 11,764,150 13,628,098
ANU College of Law 398,793 789,929 955,926 1,287,873 1,167,527
ANU College of Medicine, Biology and Environment 46,851,387 46,645,989 47,952,956 51,420,093 50,638,318
ANU College of Physical and Mathematical Sciences 34,925,188 30,209,411 43,457,576 50,089,212 40,232,393
Total2 127,909,940 224,295,887 207,268,221 217,226,212 220,628,880
50
100
150
200
250
2006 2007 2008 2009 2010 2011 2012
CRC funding Industry and other funding for research Other public sector research funding
Australian competitive grants
47 ANU in 2013 | Annual Report 2013 Annual Report 2013 | ANU in 2013 46
FIGURE 8: WEIGHTED RESEARCH PUBLICATIONS FOR 2006-2012 Crawford School of Public Policy
2013 saw a renewed and sharpened focus on public policy at the University through its public policy hub: the Crawford School of Public Policy.
In partnership with government, the Crawford School launched three new institutes: the Food Policy Institute; the Social Policy Institute; and the Tax and Transfer Policy Institute. The three new institutes draw in researchers working in a range of disciplines from across the University to work collaboratively with relevant government departments. The institutes all sit within the Australian National Institute of Public Policy, now under the leadership of Professor Quentin Grafton in the role of Executive Director.
The Food Policy Institute aims to tackle the challenge of predicted food shortages, and the policy needed to support effective and efficient food production. This multidisciplinary institute is led by Professor Grafton.
The Social Policy Institute draws in researchers looking at the significant social issues facing Australia and the region. This institute is led by Professor Peter Whiteford - one of Australia’s leading social policy experts.
The Tax and Transfer Policy Institute, announced in the Federal Budget with an initial $3 million endowment and supporting cash, and ongoing funding from ANU, aims to answer the big questions for the country and region about tax and transfer systems. The formation of the institute builds on a key recommendation from the Ken Henry Tax Review.
G O V E R N M E N T E N G A G E M E N T
& P U B L I C P O L I C Y
Advance magazine
In October 2013, Crawford School launched Advance magazine. The publication showcases the best in public policy ideas, opinions and essays for a broad audience. The magazine is produced quarterly and features contributions from Crawford School staff and students, ANU Public Policy Fellows and public policy-engaged researchers. Advance is published with the support of APPS and ANIPP.
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
2006 2007 2008 2009 2010 2011 2012
Conference papers Journal articles Book chapters Books (Weighted)
49 ANU in 2013 | Annual Report 2013 Annual Report 2013 | ANU in 2013 48
Amin Saikal, Public Policy Fellow
Amin Saikal is Professor of Political Science and Director of the Centre for Arab and Islamic Studies (the Middle East and Central Asia).
Professor Saikal has been a visiting fellow at Princeton University, Cambridge University, and the Institute of Development Studies at the University of Sussex, as well as a Rockefeller Foundation Fellow in International Relations. He was awarded the Order of Australia in January 2006 for his services to the international community and education as an advisor and author. In 2013 Professor Saikal was elected as a Fellow of the Academy of Social Sciences in Australia.
He is the author of numerous works on the Middle East, Central Asia and Russia. He has also published numerous scholarly articles in international journals, and chapters in edited volumes, and op-ed pieces in major newspapers, including The International Herald Tribune, The New York Times, The Wall Street Journal and The Guardian.
HC Coombs Policy Forum
The HC Coombs Policy Forum continued to make a leading contribution in facilitating cross-campus co-operation and communication in public policy in 2013. The Forum operates as a partnership between the Australian Government and ANU. The Forum carried out experimental and exploratory work on public policy matters at the interface between government and academia.
Through a set of targeted policy research programs, the Coombs Forum added value to existing research activities and focused on key policy challenges facing Australia such as social policy and participation; science, technology and public policy; productivity; innovation in the national accounts and the international movement of people. Additionally, the Coombs Forum extended the range of its government partnerships, including a significant research relationship with the Department of Immigration and Border Protection, work with two state governments and promising forays into collaborations in Singapore, Japan and Korea.
The Forum successfully piloted a succinct hypothesis-testing framework with an Australian state government as a means of significantly reducing the costs of evaluations. The innovative methodology is also being piloted for wider application by the Productivity Commission, and has attracted the attention of the Organisation for Economic Co-operation and Development (OECD).
A two-day trans-Pacific symposium on ‘Creating a productive future’ was organised by the Forum with the Malcolm Wiener Center for Social Policy at the Harvard Kennedy School. The symposium brought together leading US and Australian researchers and Australian Government policymakers to explore the issues of future economic growth, trends in poverty and inequality, and productivity and employment levels.
Professor Amin Saikal AM
New Public Policy Fellows
In 2013, Professor Grafton also worked alongside Dr Ken Henry AC to enhance the ANU Public Policy Fellows Program. This program recognises the substantial public policy expertise that already exists elsewhere within ANU.
Two new Fellows from the Australian Public Service were announced in 2013: Mr Drew Clarke, Secretary of the Department of Communication, and Mr Peter Harris, Chairman of the Productivity Commission. Four ANU fellows were also appointed: Professor Valerie Braithwaite, Professor Sharon Friel, Professor Amin Saikal AM and Nobel Laureate Professor Brian Schmidt AC.
Asia and the Pacific Policy Studies
The year also saw the first papers published from the upcoming Asia and the Pacific Policy Studies (APPS) open-access journal, a major initiative presenting multidisciplinary research in policy studies. APPS is Crawford School’s flagship journal and is edited by school director Professor Tom Kompas. The journal’s first issue - published in January 2014 - includes articles on health policy indicators, food security, taxation efficiency, trade agreements, energy security and the private sector’s role in public policy. APPS receives funding support from the Department of Foreign Affairs and Trade.
51 ANU in 2013 | Annual Report 2013 Annual Report 2013 | ANU in 2013 50
An innovative co-production relationship with ABC News24 and HC Coombs Policy Forum led to a series of Future Forum television programs that stimulated public debate on key policy issues facing Australia. The fourth program, which aired in April 2013, brought together ANU academics, business people, a demographer, former Federal ministers and Australia’s Race Discrimination Commissioner to debate the question ‘Is immigration key to Australia’s future prosperity?’
The Forum partnered with the Tasmanian Government and Crawford School’s East Asian Bureau of Economic Research to deliver Tasmania’s Place in the Asian Century, the first Tasmanian Government white paper in a decade.
This collaboration was nominated for the 2013 Prime Minister’s Award for Excellence in Public Sector Management.
The Forum also partnered with the Australian Bureau of Statistics and other interested Australian Government entities to develop an integrated carbon stock accounting system for Australia. This experimental work is also informing work by the United Nations, OECD and the World Bank.
ANUpoll
ANUpoll is a survey of public opinion which was designed to inform public and policy debate as well as to assist in scholarly research. It builds on the University’s long tradition of social survey research, which began in the 1960s. Today, it fulfils the University’s mission of addressing topics of national importance.
In 2013, ANUpoll examined Attitudes to electoral reform, finding that public concern about the economy and job security has doubled since 2010.
More than half of the people surveyed in the 2013 ANUpoll listed the economy and jobs among the most important issues Australia is facing right now.
The second most important issue was immigration and asylum seekers, which was nominated by 28 per cent of the 1,200 randomly surveyed people.
Meanwhile, six per cent of respondents cited the environment or global warming as an issue, down from around 12 per cent in 2010.
ANUpoll differs from other opinion polls by placing public opinion in a broad policy context, and by benchmarking Australia against international opinion. ANUpoll is also able to follow trends in opinions over many decades.
New Australian Centre for Indonesian Studies
The Australian Government announced $15 million in funding over four years for a new Australian Centre for Indonesia Studies.
The centre will strengthen the Australia-Indonesia relationship and encourage collaboration with Indonesian institutions and companies.
ANU hosts a node of the new centre, while the main centre will be based at Monash University.
Nodes will also be located at the University of Melbourne and CSIRO.
Vice-Chancellor Professor Ian Young said ANU academics will provide invaluable expertise on issues of mutual interest to the two nations.
“ANU has a long history of the study of Indonesia and collaboration in the region and will bring to the centre its strengths in areas such as the politics, language, society and economy of Indonesia. Developing closer ties and a deeper understanding between Australia and Indonesia is critical to both countries,” he said.
The strong connection ANU has with Indonesia is represented in the Indonesian Ministry: Vice-President Boediono is a former ANU academic and Finance Minister Dr Chatib Basri, Foreign Minister Dr Marty Natalegawa and Minister for Tourism and Creative Economy Dr Mari Pangestu are all ANU alumni.
Sir Roland Wilson PhD scholars
The Sir Roland Wilson Foundation was established in 1998, with donations from ANU, and the Wilson family estate, to advance the study and development of public policy and management within Australia and internationally.
In partnership with the Australian Government, the Foundation offers the Sir Roland Wilson Foundation PhD Scholarships for the Australian Public Service (APS). These scholarships are amongst the most prestigious in the country and offer high achieving public servants the opportunity to make an active contribution to academic discourse that is of direct and enduring relevance to the nation.
Dr Ken Henry AC, who chairs the Foundation, said the scholarships have been designed to nurture future senior leaders in the APS, and the Board has been delighted with the quality of the applications in what has become a very competitive program.
The scholarship program now contains 13 PhD students who are researching topics of national significance, including from the dynamics of the Chinese labour market, the effectiveness of
Photo by Dr Mark Matthews.
Filming of Future Forum on migration.
53 ANU in 2013 | Annual Report 2013 Annual Report 2013 | ANU in 2013 52
welfare conditionality, the demographic impact on provision of social services, and the impact of reconciliation processes in young children.
Neal Hughes, one of the scholars, is an economist at the Australian Bureau of Agricultural and Resource Economics and Sciences. Neal is researching the design of property rights for the management of water resources in regulated river systems, with particular focus on the Australian Murray-Darling Basin.
In 2013 Neal spent three months in the United States, based at the University of California
Berkeley and Texas A & M University. While there, Neal developed a detailed understanding of US approaches to water management, including water property rights, water trading, storage management and environmental flows. As a result of this work, Neal was a finalist in the 2013 Emerging Scholars Award at the Global Water Forum and will present his paper at the 2014 International Atlantic Economic Society in Madrid.
Neal Hughes and fellow Sir Roland Wilson Foundation Scholars Jennifer Chang, Angelia Grant, Nerida Hunter and Suzanne Akila.
I N T E R N A T I O N A L R E L A T I O N S
A refinement of the University’s International and Outreach portfolio in 2013 saw the establishment of two new divisions, Global Programs and Engagement, and Student Recruitment and Admissions, as well as the appointment of new directors for each Division. This new structure will allow ANU to better target its strategic international activities, as well as positioning it to address new and emerging student markets.
ANU signed more than 30 new partnership agreements in 2013, including 16 new Memoranda of Understanding and 11 new Student Exchange Agreements. ANU also renewed nine existing partnerships.
The Vice-Chancellor made a number of international trips in 2013, including to Malaysia, where he signed a new Memorandum of Understanding with the University of Malaya.
Vice-Chancellor visits China with ACT Chief Minister
ACT Chief Minister Ms Katy Gallagher led a delegation from the ACT to visit Shanghai and Beijing in early September 2013. Professor Young joined Professor Stephen Parker, Vice-Chancellor of the University of Canberra, and the Chief Minister on the trip to promote the ACT as a study destination.
Professor Young said that the trip was an opportunity to build stronger links and partnerships in China.
“As senior leaders visiting China directly, we solidify the links that bind our education systems together in a way that cannot be accomplished otherwise,” he said.
“China and Chinese culture prioritise relationships and respect, and developing a deep understanding of each other’s situation is important for this venture to be successful.
“Attracting students from China is about building partnerships with universities and we have joint programs which are important to nurture.”
While in China, Professor Young visited and met with representatives from Fudan University, Zhejiang University, Peking University and Beijing Institute of Technology. The delegation also met with Australian diplomatic missions, ANU alumni, local Chinese governments and enterprises in Beijing and Shanghai.
The visit allowed ANU to finalise, in person, two new staff exchange agreements, which will allow for the exchange of non-academic staff with partner universities, and a dual PhD agreement with major Chinese partner universities. The first two ANU participants in the exchange program will be taking up their placements with Peking University in March 2014.
ANU in the Middle East
The Vice-Chancellor visited Turkey, Saudi Arabia and Qatar for meetings with a number of universities, government officials and organisations in April 2013.
As part of the visit, the Vice-Chancellor was invited to The Kingdom of Saudi Arabia to deliver the keynote address at the 4th International Exhibition and Conference on Higher Education in Riyadh. Professor Young also met with Prince Turki Al-Faisal, Prince Al Waleed bin Talal and the Saudi Arabian Minister of Higher Education during his visit.
Photo by Stuart Hay.
55 ANU in 2013 | Annual Report 2013 Annual Report 2013 | ANU in 2013 54
Association of Pacific Rim Universities Senior Staff Meeting
One of the University’s leading alliance partnerships is with the Association of Pacific Rim Universities (APRU). APRU’s 11th Senior Staff Meeting was held at ANU from 12 to 14 October 2013. Forty-three delegates from 28 partner universities attended the meeting.
International student mobility
ANU students have a number of ways of gaining an international experience during their degrees at ANU, including student exchange programs with more than 140 universities in 31 countries. In 2013, 186 students participated in one-semester exchange programs to ANU partner universities.
The ANU College of Asia and the Pacific’s (CAP) Year in Asia Program saw 35 students spend a year overseas as part of their studies in 2013. The College’s flagship program for in-country study provides students with an opportunity to immerse themselves in the language and culture of their chosen country for up to 12 months. Students study a combination of language and disciplinary studies at a partner institution, and complete a final research project in the target language on return to ANU. An additional 81 students from CAP participated in study tour courses, in-country language courses and internships in 2013.
ANU welcomed 293 inbound exchange and study abroad students to campus for studies during 2013.
International Alliance of Research Universities Global Summer Program
The International Alliance of Research Universities (IARU) Global Summer Program (GSP) is run every year, with courses being offered by all 10 IARU partners, including the University of Oxford, University of Cambridge, Yale University and Peking University.
In 2013, 26 ANU students participated in 15 partner courses. ANU has consistently received the highest number of applications for the GSP since its inception in 2008. Statistics from the 2013 IARU GSP program indicate that the number of applications from ANU students to the program exceeded 30 per cent of the total number received across all 10 partners.
ANU offered two GSP courses in 2103:
> ANU1: Long-term Biodiversity and Climate Change in the Asia Pacific, which included a field trip to the Atherton Tablelands to take core samples and bring back to an ANU laboratory for analysis and reporting.
> ANU2: Indigenous People and Development, where students travelled to Broome, in north-west Western Australia, to visit the Yawuru Native Title holders, with the opportunity to mix socially with Yawuru contemporaries in order to produce a research report on Indigenous peoples and development.
Students and lecturers at Roebuck Bay, Broome, Western Australia.
Delegates at the 11th APRU Senior Staff Meeting held at ANU.
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ANU was successful in obtaining external funding to increase the international experience opportunities for its students, including International Student Exchange Program funding for 10 students to travel to/from the UK, and Study Overseas Short-term Mobility funding for 20 students to travel to Fiji and New Caledonia.
AsiaBound Grants
The AsiaBound Grants program, run by the Department of Education, provides grants for students undertaking mobility projects in Asia.
ANU received funding for nine AsiaBound programs in 2013: two semester-based programs and seven short-term programs. The funding will provide 90 students with the opportunity to participate in international study programs under the AsiaBound framework in 2014. The funded programs will be undertaken in Japan, China, Taiwan, Thailand, Myanmar, India, Republic of Korea and Indonesia.
Aung San Suu Kyi and Indonesian cabinet members honoured
ANU bestowed its highest honour, the conferring of an honorary doctorate, on Burmese Opposition Leader and Nobel Peace Prize winner Daw Aung San Suu Kyi, former ANU researcher and Indonesian Vice-President His Excellency Dr Boediono, and alumna and Indonesian Tourism and Creative Economy Minister Dr Mari Pangestu in separate ceremonies at the University in 2013.
Chairperson of the National League for Democracy in Burma and Nobel Peace Laureate Daw Aung San Suu Kyi
Daw Suu Kyi was awarded the 1991 Nobel Peace Prize for her efforts campaigning for political reform in Burma (now formally known as Myanmar). Since then, she has received more than 130 awards and honours, including the
C O M M U N I T Y E N G A G E M E N T
Companion of the Order of Australia (awarded in 1996) and the United States Congressional Gold Medal (in 2008).
ANU Chancellor, Professor the Hon Gareth Evans AC QC, presented Daw Suu Kyi with the degree of Doctor of Letters, honoris causa, for her outstanding contributions in the service of society.
“Daw Aung San Suu Kyi’s courage, dignity and steely determination have inspired not only her own people but countless others worldwide,” said Chancellor Evans.
“In welcoming you to the University, and in conferring upon you our highest honour, we also pay tribute to those many other Burmese who have fought, so courageously and so long, for peace and democracy.”
Photo by Stuart Hay.
Daw Aung San Suu Kyi in discussion with the ANU executive and senior academics.
Annual Report 2013 | ANU in 2013 58
Speaking to a full house at the ceremony, Daw Suu Kyi said that her country, Burma, was “struggling for a fair and just constitution”.
“My people want to live in a country that allows us to fulfil our potential. These are not great demands but we need a political system that harmonises many different people and their aspirations.
“We as a nation want to live in peace and harmony and contribute what we can to the betterment of humankind. But, realising dreams is great, hard work.
“I hope and pray that Australia will be with us on this journey. I hope the world will help us realise our dreams.”
During her visit, Daw Suu Kyi met with a number of ANU students from the Burmese community as well as Asia and the Pacific studies students. She also met with members of the University’s Executive and senior academic staff with interests in Burmese politics and culture.
Indonesian Vice-President Dr Boediono
Dr Boediono has a strong connection to the University, having worked as an ANU researcher in the early 1970s before writing his doctoral dissertation here in 1978. He has maintained a strong working relationship with the ANU Indonesia Project for more than 40 years, serving on the editorial board of the Bulletin of Indonesian Economic Studies since 1984.
Dr Boediono began his career in Indonesian politics in the mid-1980s, taking on major responsibilities in Jakarta with the national government, including working with the Ministry of Finance and the nation’s central bank, Bank of Indonesia.
In the late 90s, he became Minister for National Planning and Development, helping to lift the Indonesian economy out of one of its deepest economic crises in modern times. Dr Boediono was invited by President Susilo Bambang
Yudhoyono to stand as his running mate in the 2009 Indonesian presidential election.
While on campus, Dr Boediono also delivered the annual ST Lee Lecture at CAP to approximately 350 people, including various dignitaries, government officials, academics, students and journalists. In his lecture, Dr Boediono spoke about the political economy of governance and public policy in Indonesia.
Indonesian Tourism and Creative Economy Minister Dr Mary Pangestu
Dr Pangestu received her honour at an end-of-year graduation ceremony along with more than 2,000 graduating ANU College of Business and Economics (CBE) students.
Dr Pangestu is highly respected as an economist and expert on global trade issues. She was presented with an Honorary Doctor of Letters, honoris causa, for her outstanding service to society, in particular through her contribution to Indonesia’s economic success.
Dr Pangestu graduated from ANU in 1978 with a Bachelor of Economics (Honours), and again in 1980 with a Masters of Economics.
She said she was honoured to receive such recognition from her “alma mater”.
“For your own university to honour you in this way is something very special and I’m just very happy and honoured to receive it,” she said.
“I think that ANU is a very august institution. A lot of its graduates have become leaders.
“Three ANU graduates are ministers in the Indonesian Cabinet. That’s kind of a record I think.”
While on campus Dr Pangestu met with graduating CBE students.
Photo by Stuart Hay.
Daw Aung San Suu Kyi in the acadamic procession of her Honorary Doctorate ceremony.
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Mandela memorial service
Members of the diplomatic corps joined former Australian Prime Minister, the Honourable Bob Hawke AC, to reflect on the life of the late Nelson Mandela at a memorial service held at Llewellyn Hall with the South African High Commission.
Mr Hawke delivered the keynote address at the service.
“In terms of his complete, unqualified commitment to freedom, and the dignity of each human individual, there has been no other to remotely come near,” he said.
“And on this occasion, our hearts and our thoughts go out to his family and to his people.”
US Ambassador His Excellency John Berry said the former South African leader had qualities we should all strive for.
“What made him so extraordinary was his ability to forgive wrongs that would have left most of us crushed by anger and hatred,” the Ambassador said.
“That kind of forgiveness requires incredible courage. It requires a deep and boundless love.”
Mandela was honoured for his courage and moral toughness, his compassion as a political leader and as a great educator when he received a Doctor of Laws, honoris causa, from ANU in September 2000.
Mr Ray Sithole, Acting High Commissioner, South African High Commission speaking at memorial service.
Photo by Stuart Hay.
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Canberra celebrates Menzies Library 50th Anniversary
A series of events and an exhibition celebrating the heritage of the RG Menzies Building, which was opened by Queen Elizabeth II, were held in 2013.
The series of events included special heritage tours of the building, public lectures, and an exhibition, 50 years of ANU and the University Library, which highlighted the history and changes in the heritage building, the Library, the people, collections, and technological developments then and now.
“The 50th anniversary of the RG Menzies Library is an exciting milestone, not only for ANU and the Library, but also for the Canberra community, particularly in Canberra’s centenary year,” said University Librarian Roxanne Missingham.
“The building has undergone major alterations to accommodate different phases of growth in the user community and library holdings over time, and the exhibition shows great insight into these changes.”
The RG Menzies Building was opened by Queen Elizabeth II on 13 March 1963. In her speech, she said, “the library is the centre of the university” and “books are the basis of our civilisation”.
Centenary Tapestry
A 2.7 metre by 1.4 metre tapestry, which includes key Canberra landmarks such as Parliament House, the Australian War Memorial and Black Mountain Tower, was woven at the ANU School of Art by the community to commemorate Canberra’s history, as well as celebrate its future.
The Centenary Community Tapestry was designed by Canberra-born textile artist Annie Trevillian and overseen by Ms Valerie Kirk, Senior Lecturer and Head of Textiles at the ANU School of Art. Valerie was awarded the 2013 ACT Creative Arts Fellowship for the project.
Valerie said the $45,000 Fellowship would give her the opportunity to connect with the Canberra community through her tapestry work.
“The Canberra Centenary Community Tapestry is a strongly community-based project,” she said.
“We trained people from the community and developed their weaving skills so they could work on it. The project was open for anyone who wanted to come along.”
Robin Archer, Creative Director of The Centenary of Canberra, was one of the first people to contribute to the tapestry.
“The participatory nature of the making of this tapestry means that many who are not skilled in the art will still be able to make a contribution. I encourage everyone to come and pick up the needle.
“My mother was a highly skilled seamstress,” she said. “So to be able to sew one of the first threads has a special meaning for me.
“The Canberra Centenary Community Tapestry will tell the story of Canberra through its design and by the many hands that will weave the coloured weft yarns into the warp.”
Menzies 50th celebration.
The Centenary tapestry
Photo by Stuart Hay.
Photo by Stuart Hay.
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Engagement in North America
The North American Liaison Office (NALO) in Washington DC facilitates the development of research and education partnerships across the USA and Canada. The office also supports ANU core business, including research, education, innovation and advancement, marketing, outreach and communications, alumni relations, partnerships and business development.
In 2013, NALO engaged with more than 100 US-based organisations, including universities, government agencies, philanthropic organisations, research funders, peak bodies, NGOs and other groups interested in the activities of ANU. Engagement was focused on the development of existing collaborative relationships and the identification of new opportunities.
More than 20 events were hosted across North America in 2013, including lectures in Washington DC and New York, inaugural alumni events in Atlanta, Minneapolis and Austin, and Fall Alumni Dinners in New York and San Francisco.
NALO also represented ANU at multiple outreach events, including the Annual Meeting of the American Association for the Advancement of Science, which saw more than 500 people visit the ANU stand, and the Australian Embassy Open Day, which attracted more than 4,000 visitors.
ANU joined the American Association for University Women (AAUW) as its first non-US partner. The AAUW brings people together for the common goal of breaking through educational and economic barriers for women. Its mission is to advance equity for women and girls through advocacy, education, philanthropy and research.
A year of giving
2013 began with a $50 million pledge from Graham and Louise Tuckwell to the University in support of the Tuckwell Scholarship Program. This visionary gift, which was the largest donation ever from Australians to an Australian university, set the tone for a year at ANU filled with generosity (read more about the Tuckwells’ donation on page 18).
In August, the University received a generous bequest from the estate of the late Professor Bruce Chappell. The gift established the Chappell Endowment and will support the Allan White Scholarship and other petrology studies into the future. Emeritus Professor Chappel’s family were involved and delighted to celebrate this generous gift.
The ANU School of Music celebrated the support of Emeritus Professor Bob Crompton and his wife Helen with a concert, An Ode to Music, which featured a recital on the organ that the Crompton’s long-term giving helped purchase.
In October, the University received a gift of an internationally significant eight-volume book series, The Linnaeus Apostle - Global Science & Adventure, from the Ambassador of Sweden. The eight-volume series, including 11 books and more than 5,500 pages, documents the journeys of Swedish naturalist Carl Linnaeus (1707-1778) and his apostles who travelled every continent between 1745 and 1799 documenting local nature and culture.
2013 also saw the launch of the University’s Workplace Giving Program in support of education at ANU by the Vice-Chancellor, who donated $50,000 to ANU through the program.
Later in the year, the Canberra CBD Limited made a generous gift to the ANU School of Music’s Endowment for Performance Excellence. The donation has enabled the Australian Haydn
Ensemble to be an ‘Ensemble-in-Residence’ at the School in 2014. As a result, the Australian Haydn Ensemble will be able to perform in Canberra on at least four occasions, giving not only concerts but also master classes and other outreach activities for the benefit of the city centre area and the wider Canberra community.
His Excellency Dr Helmut Boeck, Ambassador of the Republic of Austria, also made a gift to the ANU School of Music, with a permanent loan of an exhibition devoted to Haydn´s life, work and times. This exhibition was commissioned by the annual Haydn Festival in Eisenstadt/Austria, where Haydn spent most of his long and prolific life at the Esterházy court. The Austrian Embassy presented this exhibition as a gift to the School and the wider Canberra community.
The annual Vice-Chancellor’s Thank You event welcomed more than 300 donors and friends to University House Gardens to celebrate their generosity in November 2013.
The ANU Endowment for Excellence
The ANU Endowment for Excellence holds donations invested for the long-term benefit of the University and its communities. The Endowment is advised by a prominent Board of Governors.
In 2013, the Endowment grew to $241.8 million through a range of donations and bequests. This included the establishment of 36 new endowed funds. The Endowment distributed more than $7.6 million in support of education and research across the University over the course of the year.
A L U M N I R E L A T I O N S
A N D P H I L A N T H R O P Y
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Giving by numbers
$64 million raised (including pledges)
979 donors
1,979 gifts
8 realised bequests
$50 million pledged by Tuckwell Foundation
Donors and friends at the Vice-Cancellor’s annual Thank You event.
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Anonymous gift of $1 million to support languages at ANU
A single anonymous donor showed their support for the humanities by pledging $1 million to enhance language studies at ANU.
The donation was announced by Vice-Chancellor Professor Ian Young at an annual event thanking ANU donors. The donation established three new endowments, including $200,000 each for Portuguese language studies and Russian language studies, and $100,000 for Indigenous Australian language studies.
The donor pledged to bring the total donation to a sum of $1 million, and the ANU College of Arts and Social Sciences agreed to invest $100,000, bringing the overall donation to $1.1 million.
These endowments will provide financial assistance to students studying the languages, support teaching and research by academics in the humanities and social sciences, and provide funds for additional casual teaching and academic staff.
“The teaching of languages is so important and as Australia’s national university we have a responsibility to uphold areas of national significance,” said Professor Young.
“This anonymous donation will help us do that, and I thank the donor on behalf of the entire University community for this gift and the impact it will have.”
Professor the Honourable Gareth Evans AC QC, ANU Chancellor, highlighted the philanthropic culture developing at ANU.
“This year has been a watershed year for philanthropy at ANU,” he said.
“The trajectory of donations is up and a strong and promising culture of philanthropy at ANU is emerging.”
Scholarship prioritises Indigenous health
First year medical student, Danielle Dries, received the inaugural Peter Sharp Scholarship in 2013.
The scholarship, which celebrates the contributions of Peter Sharp AO, who dedicated his life to Indigenous health in the ACT, provides support to students who want to make a difference to Indigenous healthcare in Australia.
Danielle said that Indigenous health issues hit close to home.
“Both my grandparents had a lot of health problems growing up,” she said.
“I took some Indigenous health subjects in my first degree and got a little bit upset and a little bit angry the more I learned.
“So many Indigenous health problems are preventable. I was never attracted to surgery because I’d rather prevent problems before they occur.”
Funding for the scholarship came from ACT Health which extended its support to the activities of students in the Indigenous Health Stream and recruitment initiatives for Indigenous applicants wishing to study medicine.
ANU Tjabal Indigenous Higher Education Centre Director Anne Martin said it gave students the opportunity to really focus on their studies.
“It’s such a demanding program they’re undertaking,” she said.
“Financial support is incredibly important. To be given such a scholarship makes a huge difference for students.”
Peter Sharp AO served as the Medical Director of Winnunga Nimmityjah Aboriginal Health Service for more than 22 years. His work emphasised the holistic approach to healthcare that is a hallmark of the Winnunga Nimmityjah Service.
In 2004, as part of National Aborigines and Islanders Day Observance Committee (NAIDOC) week, Peter was awarded the first non-Aboriginal person’s award for his commitment to Aboriginal Health. In 2009 he was awarded the prestigious Australian Medical Association Excellence in Health Care Award and in 2010 became a Member of the Order of Australia.
The scholarship was established to pay tribute to Peter after his death in 2011.
“He made the most amazing contribution to the region,” Anne said.
“He paid it forward to the community for such a long time. It’s really important to keep his legacy alive through this scholarship.”
The Peter Sharp Endowment was established later in 2013 to ensure the scholarship continues in perpetuity. Funding for the endowment has come from the ACT Government, The John James Memorial Foundation, Peter’s widow, ANU workplace giving donations and workplace giving donations from Australian Public Service staff members.
Danielle Dries
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Gascoignes’ personal art collection donated to ANU
A personal collection of artworks owned by celebrated Canberra artist Rosalie Gascoigne AM and her astronomer husband, former ANU Professor Ben Gascoigne AO, was donated to the University by the late couple’s children, Martin, Hester and Toss, through the ANU Foundation for the Visual Arts.
At first glance, the works seem unconnected, an eclectic mix of abstracts and landscapes in crayon, lithograph and watercolour. But they have one very powerful defining theme: they are all works that Ben and Rosalie, over the course of half a century, either bought together or received as gifts from people who played important parts in their lives.
“This collection was very significant for my parents,” said Martin. “One painting was a wedding present; another was given in exchange for a sculpture Rosalie had done of Germaine Greer.”
The 12-piece collection includes some of the pair’s most treasured works, said Director of the Drill Hall Gallery Mr Terence Maloon.
“There are three works by Carl Plate - whom Ben met when they shared a cabin on the last passenger ship to leave Britain for Australia during World War Two - two of which were painted during visits to the couple’s house on Mount Stromlo in the early 1950s.”
Originally from New Zealand, Ben and Rosalie married in Canberra in 1943. Ben worked as an astronomer at the Mount Stromlo Observatory from 1941 until 1988 and the couple lived on Mount Stromlo with their three children until 1960.
It was during this time that Rosalie developed the strong feeling for the Australian landscape and honed the sensibility that marks her as Canberra’s most illustrious artist. Many of her early sculptures were made from materials that she found during her regular walks through local countryside.
“We are greatly honoured by the Gascoigne family’s wish for such a significant gift to be given to ANU. Ben and Rosalie Gascoigne had very strong connections with the University and all three of their children graduated from ANU. These are works that have an intimate connection to the story of their lives,” said Terence.
“ANU was such a significant part of my parents’ lives, and my two brothers and I are graduates of the University, as is one of my nephews,” said Hester.
“So the gift was a way for us to celebrate all those important links. I hope that people get as much pleasure from the works as they have given our family over the years.”
Rosalie Gascoigne AM and Professor Ben Gascoigne AO.
Ben and Rosalie’s children Toss, Hester and Martin Gascoigne at the gift ceremony.
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Celebrating our graduates
In March 2013, ANU celebrated the work and achievements of alumni and students at its inaugural ANU Alumni Awards ceremony. The Awards celebrate the characteristics that define the ANU community - drive, creativity and a desire to make a lasting and positive impact on the world.
Vice-Chancellor Professor Ian Young said it was important to recognise the University’s alumni and students for their work and achievements.
“Our alumni make enormous contributions to this University and to society, and the Alumni Awards are a small way the University can recognise them.”
The 2013 Awards recognised nine recipients and three finalists for their contributions to society.
International human rights lawyer, Dr Anne Gallagher AO (MIntLaw ’92), and Secretary to the Treasury, Dr Martin Parkinson PSM (MEc ’83), were awarded the highest honours as joint recipients of the Alumnus of the Year Award.
Dr Gallagher, who graduated with a Master of International Law in 1992, has built an impressive career as a lawyer, practitioner, teacher and scholar with an international reputation in human rights and criminal justice. She was Special Adviser to Mary Robinson, the United Nations High Commissioner for Human Rights from 1998 to 2002, and is now leading the Asia Regional Trafficking in Persons Project.
Dr Gallagher said ANU inspired her to follow a career in international law and human rights.
“One of the most interesting things that ANU did for me was to confirm my desire for an international career… it really gave me not only the inspiration, but also the foundation for what came later.”
Since graduating from ANU with a Master of Economics 30 years ago, Dr Parkinson’s career
has been shaped by the idea that public policy can make a real difference to people’s lives.
“ANU reinforced the idea that public policy was a device that could actually improve the wellbeing of Australians,” he said.
Dr Parkinson regularly gives back to ANU through his involvement in ANU Postgraduate Economics Forums, graduation ceremonies and the Sir Roland Wilson Foundation Board.
Joining Drs Gallagher and Parkinson in the spotlight were joint Young Alumnus of the Year recipients Jennifer Robinson (BAsianStudies/LLB (Hons) ’06) and Sebastian Robertson (BComm/ BEc ’09).
Robinson is best known for her work as a pro bono legal adviser to Julian Assange and WikiLeaks. However, she feels most proud of the work she began as part of her Law/Asian Studies degree - fighting for human rights in West Papua.
Robertson is founder of the not-for-profit mental health advocacy organisation Batyr, and has transformed his personal struggle with mental health into a national campaign that has reached more than 5,000 young people.
Read about the other 2013 winners at http://quicklink.anu.edu.au/5wf4
Dr Martin Parkinson PSM.
Photo by Adam Da Cruz.
Photo right: Dr Anne Gallagher AO.
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Connecting with alumni
Connecting with the ANU graduate community remained a priority in 2013, with a number of new graduate programs and events rolled out.
The Alumni Volunteer Leadership Program - the program offers alumni a wide range of opportunities for personal, professional and intellectual growth with a focus on giving back to ANU. Opportunities range from establishing networks and organising alumni events to providing internships and speaking at student recruitment events.
Golden Graduates’ Reunion - a program of engagement for the University’s graduate community of 7,000 alumni who are 60 years of age and over was developed, including hosting the inaugural Golden Graduates’ Reunion in October for 200 guests (many of whom travelled to the ACT from throughout Australia and overseas).
International and Young Alumni Councils - 50 alumni were recruited for positions on the newly established International and Young Alumni councils, both of which have the strategic priorities of broadly engaging the University’s alumni community in advocacy and advice on issues, including the future of the classroom and developing a strategy for international alumni engagement.
A series of strategic engagements in Australia and internationally involving alumni and friends - key activities included the Vice-Chancellor recognising the achievements of alumni, including recipients of Australia Day and Queen’s Birthday Honours; the ANU Melbourne Alumni Network launch and a suite of events in Victoria; ANU North America Alumni Association’s annual dinners in New York and San Francisco at which distinguished alumni Simon Anderson and Ju E Wong were guest speakers; and engagement events in London and Singapore.
Alumni at the Golden Graduates’ Reunion
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Innovation activities at ANU are led through the portfolio of the Pro Vice-Chancellor (Innovation and Advancement) and supported by professional and academic staff across the University. Together, they enable the transfer of ANU knowledge and expertise for the benefit of the wider community and global marketplace.
The Technology Transfer Office collaborates with ANU staff to facilitate the transfer of University intellectual property and know-how for the world community and global market use.
ANUedge is the consulting branch of ANU Enterprise Pty Ltd and brings community, business and government needs to the knowledge and expertise of ANU staff.
The Business Development Office supports the development of large cross-function outreach projects.
ANU Connect Ventures Pty Ltd, a partnership between ANU and the MTAA Superannuation Fund, manages a $27 million seed equity fund that resources the establishment of start-ups from ANU and the ACT region. With the support of the ACT Government, it also provides proof-of-concept grants to small and medium enterprises and research organisations in the ACT through the Discovery Translation Fund.
The positioning of these professional support units under a single portfolio provides better access to the people and programs that support the University’s world-class research and education, and enables greater social and economic impact.
A collaborative science innovation platform in Canberra
The Canberra Science and Innovation Precinct is a new collaboration between ANU and CSIRO which, with assistance from the ACT Government under the Strategic Opportunities Funding program, commenced scoping in 2013. This initiative brings together key research institutions and related federal agencies in the ACT to focus
research intensity in the region, beginning with natural and environmental sciences. The precinct will grow around its scientific, educational, government and policy interfaces to unite academic and applied research with government and industry needs.
Enhancing regional health care and the student experience
An ANU, University of Canberra and Southern General Practice Network collaboration was awarded $31 million by the Commonwealth Department of Health and Ageing’s Hospital Fund to improve the quality of medical care in rural areas around Canberra.
The collaboration will give ANU medical students opportunities to experience practice in rural and regional Australia and work with students in other health areas, developing inter-professional working relationships across health disciplines.
The partnership uses an innovative program that takes advantage of e-capabilities to develop well-rounded health professionals who will address regional areas’ deep need to attract and retain medical, nursing, pharmacy and allied health specialists.
The collaboration commenced planning for the upgrade of clinical and training facilities in Moruya, Bega and Cooma that will support enhanced health service delivery and health training in regional NSW.
ANU technology spin-offs hit milestones
Digitalcore Pty Ltd
The commercialisation of the University’s digital scanning technology hit another milestone in 2013 with the international merger of spin-off company Digitalcore Pty Ltd with Norwegian company Numerical Rocks AS to form Lithicon AS.
Digitalcore commenced operations in 2009, and is based on ANU and UNSW research, led at the
ANU by Professor Mark Knackstedt, who is now Lithicon’s Director of Product Development, and Professor Tim Senden.
Working closely with some of the world’s biggest resource companies, their research has shed light on how rocks can hold oil and gas by combining a novel scanning technology with advanced computer algorithms. This new technique allows companies to more efficiently search for and produce oil and gas.
Lithicon is a multimillion dollar company offering a suite of complementary services based on technologies from both Digitalcore and Numerical Rocks. It has offices in Australia, Norway, the US and the Middle East.
Beta Therapeutics Pty Ltd
Diabetes therapeutic company Beta Therapeutics Pty Ltd, which spun-out of ANU in 2012, also hit a significant milestone in 2013, with a successful fundraise concluded.
Based on research conducted by Professor Christopher Parish and Dr Charmaine Simeonovic and their research teams at The John Curtin School of Medical Research, and supported by a grant from the Discovery Translation Fund, the company has identified a set of candidate drugs that in pre-clinical tests modulate diabetes severity and prevent the onset of diabetes.
The investment of $1 million made by ANU Connect Ventures will allow the company to complete a pre-clinical package to attract partners in the pharmaceutical industry and commence clinical trials.
I N N O V A T I O N
Dr Charmaine Simeonovic and Professor Christopher Parish.
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Space science at Mount Stromlo
ANU advanced its reputation for space science engineering with the announcement that the national Space and Spatial Industry Innovation Precinct will be headquartered at the University’s Mount Stromlo campus.
Partnering with EOS Space Systems and 43PL, the ANU Research School of Astronomy and Astrophysics led a successful proposal on behalf of 93 organisations with interests in all aspects of the space industry.
The precinct, which will also support the University’s outstanding astronomy and astrophysics research, will use the Advanced Instrumentation and Technology Centre for the assembly, integration and testing of precision instrumentation and space-based systems. The centre took delivery of a new Space Simulation
Facility in September 2013, and commenced testing on the Australian Plasma Thruster in December 2013. This facility simulates the vacuum and thermal conditions of space (-170C to +150C) and makes it possible to measure the performance of space-based instruments and small satellites under space conditions.
The Australian Plasma Thruster Project, a collaboration between one of the world’s largest aerospace and aeronautic company, Airbus Defence and Space, and ANU researchers Professors Christine Charles and Rod Boswell, has developed ANU technology that will help deep-space probes travel for longer and further into space and be used to de-orbit satellites at the end of their lifetimes. Funded through the Australian Space Research Program, it is one of many research projects which take advantage of the innovative environment established at Mount Stromlo.
Self-help mental health
Researchers at the ANU Centre for Mental Health Research (CMHR) are innovating mental health services with MoodGYM, a free online self-help cognitive behaviour therapy program for depression and anxiety. The program now has more than 750,000 registered users globally, and in June 2013 was included in the National Registry of Evidence-based Programs and Practices, run by the Substance Abuse and Mental Health Services Administration in the United States.
MoodGYM is supported by funding from the Department of Health and Ageing through its telephone counseling, self-help and web-based support programs.
The pilot of a new program for staff workplace induction called Mental Health Guru (MH-Guru) was trialled in 2013. Based on the research of MoodGYM’s Professor Kathleen Griffiths, MH-Guru is a web-based, multi-media program designed to increase mental health literacy, decrease stigma and promote help-seeking for depression and anxiety. The pilot evaluation of MH-Guru, undertaken in a major national Australian organisation, showed that employees who completed the program improved their knowledge, increased their intentions to seek help for depression and anxiety, and stigma towards depression and anxiety was decreased.
The original development and pilot trial of MH-Guru was funded by a one-off grant from the Department of Health and Ageing. CMHR is currently recruiting Australian workplaces to participate in a Randomised Controlled Trial of the program, and is working together with the Technology Transfer Office to commercialise MH-Guru and secure funding to develop additional modules focusing on substance use (including alcohol), social anxiety and bullying.
Brazilian science without borders
ANUedge combined the experience of industry executives, academic thought leaders and internal experts to deliver a summer school program to international students from Brazil in 2013. The program was designed to provide an experience-based learning program over three weeks. Participants gained practical and theoretical insight into all aspects of innovation management from social innovation to knowledge management and strategic planning. The program included group projects and site visits to innovative organisations around Canberra.
Community impact
In 2013, ANU played an instrumental role in facilitating the set-up of Entry 29, a community-managed co-working space for entrepreneurs. The space was launched by ACT MLA Andrew Barr and Federal Member for Fraser Andrew Leigh MP.
ANU also continued its delivery of InnovationACT, an annual business planning competition in conjunction with the University of Canberra. InnovationACT has created a training pad for budding entrepreneurs in Canberra, and in 2012 won the inaugural Business and Higher Education Round Table Award for Outstanding Excellence in Collaboration.
Director of the School of Astronomy and Astrophysics Professor Matthew Colless, Senator Kate Lundy, Electro Optic Systems Holdings Ltd CEO Dr Ben Greene and Pro Vice-Chancellor (Academic) Professor Marnie Hughes-Warrington at the launch of the Space and Spatial Industry Innovation Precinct.
Innovations ACT award winners.
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Industry partnership towards cancer treatment
A new industry sponsored chair focusing on research into a localised cancer treatment was announced in 2013.
The Sirtex Chair, held by Professor Ross Stephens from the ANU Department of Applied Mathematics, is funded by Sydney-based global life-sciences business, Sirtex Medical Limited. Sirtex makes and sells an Australian-developed targeted radiation therapy for patients with inoperable liver cancer.
The funding is enabling ANU researchers to focus on biomedical technology for applications in infectious disease and liver cancer. The research is being conducted at the Department of Applied Mathematics, led by Professor Stephens and Head of the Department Professor Tim Senden.
Sirtex has made a commitment to sponsor the chair for a total of up to $3 million over three years.
The research aims to create a technology that will stop the collateral damage to healthy cells in cancer patients by localising the radiation treatment at tumour sites.
“We’re trying to fashion an internal therapy that is highly localised and that also gives doctors flexibility in designing individual treatment plans,” said Professor Stephens.
“This support is providing an excellent collaboration between university and industry. And we all get the satisfaction of knowing that the science we’re doing has the potential to really help people,” said Professor Senden.
Professor Senden said that the chair and its associated funding will enable a significant push in research that could have real potential for applications in areas of unmet medical need.
“While this research is highly focused on new adaptions of Sirtex’s existing technology, it also allows us the flexibility to follow our fundamental research along unpredicted pathways that could lead to new uses for the technology,” said Professor Senden.
Sirtex Chief Executive Officer Gilman Wong said that the company is committed to innovation and helping improve clinical outcomes for people with cancer.
“Universities like ANU have the ability to drive real and rapid change in our world,” he said.
Professor Ross Stephens Photo by Stuart Hay.
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Capital work projects completed
In 2013, a number of major projects were completed, including:
> the final component of the ANU Colleges of Science precinct with the new Chemistry Building becoming fully operational
> new facilities for the National Computational Infrastructure group
> refurbishment and extension of 28 Balmain Crescent to accommodate the Alumni Relations and Philanthropy Division
> completion of the new Gouldian Finch Aviary for the Research School of Biology
> reconstruction of the heritage-significant 100-year-old Buggy Shed
> the completion of the Crawford Precinct Upgrade with the finalisation of works to rejuvenate Lennox Crossing.
“Advanced computational methods form an increasingly essential component of high-impact research, in many cases underpinning discoveries that cannot be achieved by other means, as well as underpinning the platform with which to sustain innovation at an internationally competitive level,” said Professor Lindsay Botten, Director of NCI.
Capable of running at 1.2 petaflops (a measure of speed) when performing at its peak, Raijin can complete 170,000 calculations per second for every human on Earth.
The computer’s speed enables researchers to run complex models. They might, for example, seek to understand the forces that bind the building blocks of our universe, to ‘supercharge’ the photosynthesis of virtual crops or to understand the dynamics of the world’s oceans and their impact on the climate.
Australia’s most powerful supercomputer
The nation’s most powerful computer was officially launched at ANU in 2013 with the opening of the high-performance computing centre, the National Computational Infrastructure (NCI).
Named after the Japanese god of thunder, lightning and storms, Raijin can perform the same number of calculations in one hour that would take seven billion people with calculators 20 years.
The supercomputer is the largest in Australia, and will enable researchers to process vast volumes of data that would otherwise take years to complete, and simply not be possible using desktop computers.
The operation of NCI is sustained through co-investment by a number of partner organisations, including ANU, CSIRO, the Bureau of Meteorology (BoM), Geoscience Australia and other research-intensive universities supported by the ARC, the total of which amounts to $50 million over four years.
Senator the Honourable Kim Carr, former Minister for Innovation, Industry, Science and Research, was joined at the launch by Vice-Chancellor Professor Young, BoM CEO Dr Rob Vertessy, Director of the ARC Centre of Excellence for Climate System Science Professor Andy Pitman, and CEO of Geoscience Australia Dr Chris Pigram.
I N F R A S T R U C T U R E D E V E L O P M E N T
ANU Colleges of Science precinct. Raijin.
Photo by Stuart Hay.
Photo by Stuart Hay.
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Capital work projects
Throughout the year the ANU campus continued to transform with progress on a number of new and continuing capital work projects.
> The majority of construction of the new Australian Centre on China in the World facility was delivered with completion expected in early 2014.
> The refurbishment of The John Curtin School of Medical Research A & B Wings commenced.
> Works to accommodate the new Centre for Advanced Microscopy and the CT Lab in the new John Curtin School facilities started.
> Planning began for the reinstatement of the Acton Underhill Car Park.
> The design of the refurbishment works planned for the Hanco*ck West Building to accommodate and centralise the ANU IT department was finalised.
> The partial restoration and stabilisation of the former Research School of Astronomy and Astrophysics’ Director’s Residence began. The Residence was severely damaged in the bushfire that devastated the Mount Stromlo facilities in 2003.
> A master plan for the fire-damaged Siding Spring Observatory began.
Building for the nation’s intellectual future
As a national institution, ANU benefits from strong links with the Australian Government. Many of the capital works projects that ANU commenced or completed in 2013 were made possible through partial or full funding from the Australian Government. Funding came from a number of initiatives, including the Education Investment Fund, the Better Universities Renewal Fund, the Teaching and Learning Capital Fund, the Health and Hospital Fund, and the Higher Education Special Purpose Grant.
During 2013, ANU also completed the Campus Planning and Development Guidelines, which support the Campus Master Plans 2030, completed in 2011. Considerable progress was made during 2013 in establishing Asset Management Plans for the Colleges and Services Divisions. An update on the University’s schedule of works (including capital expenditure) is provided in Table 9.
Information Technology Services
Information Technology Services is responsible for the University-wide delivery of core information technology (IT) services and support. The scope of these activities includes information and communication technology (ICT) governance; audit and risk management; enterprise systems; IT capability within the Teaching and Learning Commons; ICT contracts and licencing; IT infrastructure; IT business analysis; IT project management; IT security; and network communications.
Work continued on the transformation of ICT business practice at the University in 2013. The transformation is aimed at progressing an IT environment that was characterised by a legacy of disparate and organically developed architectures and processes to a scaled, collaborative model to enable organisational efficiencies and a de-duplicated, consistent, reliable and resilient service delivery.
Two of the key projects in laying the foundation for this renewal activity were instigated by the newly established peak governance body for all University ICT matters, the University ICT Committee. These projects were:
1. The consolidation of all ANU email systems into a single email system for the entire campus (staff, students and alumni). The project concluded in 2013 with four major outcomes:
> consolidation of 37,400 email accounts
> removal of 4,800 ANU mail accounts no longer in use
> all emails now under a single license agreement improving cost control
> successful delivery across all functional areas of ANU.
2. The consolidation of IT help desk services to ensure a consistent and reliable service, using a single IT service management tool concluded in 2013. The major outcomes were:
> consolidation of 20 existing IT service desks into a single service
> introduction of a single IT support number across ANU
> over 40,000 service requests logged in 2013.
TABLE 9: SCHEDULE OF WORKS
Fund Name
Current Status
Expenditure to date ($ million)
Planned completion date
DIISRTE
Australian Centre on China in the World Site works commenced
20.0 February 2014
ANU JCSMR Wings A & B Refurbishment Works commenced 1.0 2015
ANU
Hanco*ck Library Refurbishment Stage 2 In planning stage
0.3 2015
Mount Stromlo Observatory
Stabilisation and partial restoration of the fire-damaged Director’s Residence
Site works commenced 0.1 2014
ANU Centre for Advanced Microscopy Site works commenced 2.0 2014
ANU CT Lab
Site works commenced 0.1 2014
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Review of operations ANU was founded in 1946 by an Act of the Commonwealth Parliament. It is a body corporate authorised by the Australian National University Act 1991.
ANU is governed by its Council. The Vice-Chancellor and University Executive provide day-to-day leadership, working with the heads of each academic college and service division. ANU has seven academic colleges based around core disciplines and themes.
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Academic appointments of world leaders in their respective disciplines continued to be made through the Vice-Chancellor’s strategic appointments initiative in 2013. These appointments complement existing research strengths and create greater critical mass and strong leadership in key discipline areas. The University also continued to recognise outstanding achievement in public policy through the appointment of Public Policy Fellows.
During 2013, the ANU Enterprise Agreement was re-negotiated for the period 2013-2016. Modest salary increases were negotiated and key changes included new provisions for senior management contracts, Indigenous workforce targets, the management of academic workloads, and new provisions on the management of bullying and harassment.
The University has also recognised the contributions of our highly skilled and dedicated professional staff, and will offer 50 scholarships of up to $2,500 each year during the term of the 2013-2016 Enterprise Agreement to support identified career development priorities for individual professional staff.
Changes were made to a number of existing provisions within the Agreement, including a reduction of maximum redundancy payments, an improved job security provision, and strengthened provisions for the management of change, leave liabilities, probation and performance. The Agreement was submitted to Fair Work Australia in December 2013.
During 2013, a number of new strategic staffing measures were implemented as part of the University’s budget solutions package. This range of measures, which were predominantly expenditure-related, included modest salary increases under the ANU Enterprise Agreement, as noted above, and strategies for the reduction of excess leave liabilities. In mid-2013 the University’s leave liability for unused annual and long service leave was $118 million. After a concerted campaign to reduce excess annual leave during
A N U P E O P L E
2013, the number of staff with excess annual leave balances reduced from 416 at 30 June 2013 to 117 at 31 December 2013. Remaining excess long service leave will be addressed in 2014.
While the University values the contribution of professional staff to achieving the strategic objectives of the University, during 2013 the professional staff at the University represented 49 per cent of total salary spend. This figure makes ANU the most expensive Australian university for support staff costs (excluding multi-campus universities). Efforts to reduce professional staff expenditure were undertaken in 2013, the key objective of which was a 10 per cent reduction in professional staff salaries, equating to a reduction of approximately 230 professional staff. In support of this, a major overhaul of administration processes was also commenced. As natural attrition of professional staff was not sufficient to achieve the level of turnover in an appropriate timeframe, the University commenced a voluntary early retirement scheme to encourage and accelerate the departure of professional staff. The scheme was aimed at staff who were over 55 and considering retirement. The University was granted Australian Taxation Office approval to conduct a voluntary early retirement scheme for both academic and professional staff.
The scheme provided preferential tax treatment and incentive payments for professional and academic staff members who voluntarily agreed to take early retirement. The scheme was highly successful with 365 registrations, 319 offers and 227 acceptances for staff to retire at the end of 2013. Retiring staff were encouraged to continue their association with the University through honorary appointments and the Emeritus Faculty.
The reduction in professional staff across the University raised the issues of process change, workload management, job redesign, redeployment and teamwork. A range of additional measures will be taken during 2014, aimed at managing professional services during and after the staff reduction. These will be aimed at addressing the causes of the University’s above-
average number of professional staff and include flatter professional staff structures, reduction in duplicated administrative work, a project-based approach to professional services activities, and a cap on the expenditure on professional staff salaries on an ongoing basis within the transparent budget model. This will ensure professional staff levels do not grow back over time.
Further consideration was given to the possibility of reducing academic staff numbers. Strategically, any reduction in academic staff numbers poses a risk to the University’s progress. However, there was strong support across the University for the renewal of academic staffing. Accordingly, the voluntary early retirement scheme was extended to include academic staff. The turnover generated by this program will be reinvested by the University to recruit new academic staff. A particular priority for this staff investment will be the many outstanding early/mid-career fellows.
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ANU College/Area
Academic Professional
Total
Female Male Female Male
College
ANU College of Arts and Social Sciences 152 167 119 55 493
ANU College of Asia and the Pacific 104 162 154 65 485
ANU College of Business and Economics 48 104 43 18 213
ANU College of Engineering and Computer Science 14 83 37 45 179
ANU College of Law 42 44 46 13 145
ANU College of Medicine, Biology and Environment 179 243 234 147 803
ANU College of Physical and Mathematical Sciences 75 324 95 216 710
ANU Joint Colleges of Science 1 2 26 16 45
Total College 615 1,129 754 575 3,073
Non-College
Administration 5 3 299 140 447
Central libraries 118 43 161
Student services 5 3 75 53 136
Buildings, plant & grounds 37 103 140
Central computing 43 88 131
Other academic support 3 2 5
Other areas 8 9 85 77 179
Total Non-College 18 15 660 506 1,199
Total 633 1,144 1,414 1,081 4,272
TABLE 10: STAFF PROFILE BY ANU COLLEGE/AREA AND GENDER FOR 20131
1 Data based on headcount.
5
10
15
20
25
30
ANU College of Arts & Social Sciences
ANU College of Asia & the Paci*c
ANU College of Business & Economics
ANU College of Engineering & Computer Science
ANU College of Law
ANU College of Medicine, Biology & Environment
ANU College of Physical Sciences
Joint Colleges of Sciences
Other areas (Non Colleges)
Female academic Female professional Male academic Male professional
% of Total staff no.
50
55
60
65
70
75
80
85
90
2011 2012 2013
% Holding Doctorates
The Australian National University All Other Group of Eight universities All Australian universities
FIGURE 9: STAFF PROFILE BY ANU COLLEGE/AREA AND GENDER FOR 20121
FIGURE 10: ACADEMIC STAFF HOLDING DOCTORATES FOR 2011 TO 20131
1 Data based on headcount.
1 Based on DIISRTE submission data for 31 March.
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This statement has been prepared to comply with the Requirements for Annual Reports 24 June 2013 and the Information Publication Scheme (see Part II of the Freedom of Information Act 1982).
Organisation and functions of the University’s decision-making Council and Boards
Council
In accordance with the Australian National University Act 1991 (Cth), the Council is the governing body of the University. The Act provides that the Council has the control and management of the University and is to act in all matters concerning the University in such manner as it thinks will best promote the interests of the University. The Council may enact delegated legislation, subject to the scrutiny of the Australian Parliament, known as Statutes, Rules and Orders.
The Council is chaired by the Chancellor and comprises 15 members:
> the Chancellor
> the Vice-Chancellor
> seven members appointed by the Minister on the recommendation of the Nominations Committee of Council
> one person who is either a Dean or the Head of a Research School and is elected, in either case, by the Deans and the Heads of the Research Schools voting together
> one member of the academic staff of the Institute of Advanced Studies elected by members of that staff
> one member of the academic staff of The Faculties elected by members of that staff
> one member of the general staff of the University elected by members of that staff
> one postgraduate student of the University elected by the postgraduate students of the University
G O V E R N A N C E
> one undergraduate student of the University elected by the undergraduate students of the University.
Committees
Council is assisted in its functions by a number of committees:
> The Academic Board is tasked with ensuring that the University maintains the highest standards in teaching, scholarship and research.
> The Audit and Risk Management Committee advises the Council regarding the quality of the audits conducted and the adequacy of the University’s administrative, operating and accounting controls and compliance with relevant legislation and policies; the Committee also oversees risk management planning and implementation within the University. A report from the Committee is a standard item on the agenda for each meeting of Council and Agenda and Minutes of Committee meetings are provided to Council members for information.
> The Finance Committee makes recommendations and decisions concerning financial and accounting matters of the University; a report from the Finance Committee is a standard item on the agenda for each meeting of Council. Agenda and Minutes of Committee meetings are provided to Council members for information.
> The Honorary Degrees Committee invites persons, within the terms of the Honorary Degrees Rules, to accept nomination for honorary degrees and recommends the names of those who accept nomination to the Council for admission.
> The Nominations Committee of Council makes recommendations to the relevant Minister on persons to be appointed to Council.
> The Committee on Conditions of Appointment of the Vice-Chancellor determines the conditions of appointment
(including salary) of the Vice-Chancellor.
> The Emergency Appointment (Vice-Chancellor) Committee exercises in an emergency, the power of the Council to make acting appointments under sub-section 37 of the Australian National University Act 1991 in relation to the office of Vice-Chancellor until the next meeting of the Council.
Voluntary Code of Best Practice for the Governance of Australian Universities
On 23 September 2011, Council adopted the Voluntary Code of Best Practice for the Governance of Australian Universities. Conformance with the Code is reviewed annually. On 21 February 2014, Council confirmed the University’s conformance with the Voluntary Code for 2013.
Induction and professional development of Council members
Council members are provided with an induction program appropriate to their experience, a handbook for Council Members and a program of professional development which may include corporate governance training and attendance at relevant conferences. Following each Council meeting, a site visit is made to an organisational area of the University and presentations are given about the operations of that area.
Council agenda are structured to include discussions and presentations on strategic issues for the University. During 2013, these discussions were focused on the core functions of strategic communications and public affairs, international education, research performance, online education, innovation, equity and Indigenous education targets and enhancing performance culture.
Independent legal advice and access to information
Council members are entitled to any information they need or require from the University to exercise their functions and to fulfil their duties as directors and, subject to the prior approval of the Chancellor (which is not to be unreasonably withheld), may seek independent legal advice at the University’s expense on any issue submitted to Council.
Performance review of Council and its members
The University’s enabling legislation specifies the duties of the members of the University Council1 and the sanctions for the breach of those duties2. Council has the power to remove, by at least a two-third majority, a member who has breached his or her duties.
The Chancellor is responsible for discussing performance issues with individual Council members and aims to have an informal discussion with each Council member once a year with a view to giving and receiving feedback.
The performance of Council as a whole is reviewed on a regular basis.
Performance review of Council committees
Evaluations of the performance of the Finance Committee and the Audit and Risk Management Committee are normally conducted biennially.
Disclosure of directorships and other interests
Council members are required to declare relevant directorships and other interests annually and to update this information as circ*mstances change.
1 See sections 18A, B, C, D, E, F of the ANU Act 1991 (Cth) and sections 22, 23, 24, 25, 26, 27A, 27D, 27F of Commonwealth Authorities and Companies Act 1997 (Cth).
2 See sub-section 15(1)(k) of the ANU Act 1991 (Cth) and sections 22, 23, 24, 25, 26, 27A, 27B, 27C, 27D, 27F of Commonwealth Authorities and Companies Act 1997 (Cth).
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A member of Council who has a material personal interest in a matter that is being considered or is about to be considered by Council must disclose the nature of the interest at a meeting of Council. The disclosure must be made as soon as possible after the relevant facts have come to the member’s knowledge and must be recorded in the minutes of the meeting. Unless Council otherwise determines, the member must not be present during any deliberation by Council on the matter and must not take part in any decision of Council on the matter. Further, for the purpose of making this determination, any member who has a material personal interest in the matter to which the disclosure relates must not be present during any deliberation by Council on whether to make the determination and must not take part in making the determination.
Identifying and managing business risk
The University’s response is set out in the Risk Management section of this Annual Report on page 106.
Establishment and maintenance of appropriate ethical standards
The University’s Code of Conduct applies to all staff and to members of the University Council. It can be seen at https://policies.anu.edu.au/ppl/ document/ANUP_000388. The University also has a number of Codes of Practice in place for Teaching and Learning, Supervision in Higher Degrees by Research, and Student Academic Integrity that apply to staff and students.
Information Publication Scheme
As an agency subject to the Freedom of Information Act 1982 (FOI Act), ANU is required to publish information to the public as part of the Information Publication Scheme (IPS). This requirement is in Part II of the FOI Act and has replaced the former requirement to publish a section 8 statement in our Annual Report to Parliament.
Dr Vincent W J FitzGerald BEc(Hons) Qld, PhD Harv, FIPAA, FAICD Relevant experience: Director, Allen Consulting Group Pty Ltd, a firm consulting in economics, public policy and regulation; director, Australian Institute of Company Directors; public administration; higher education; directorships in the finance, media and not-for-profit sectors (current) and property and arts sectors (former)
Ms Robin Hughes AO BA MA Syd Relevant experience: independent producer; director and writer; media sector management; chairmanships and directorships in the arts and educational sector
Ms Martine D Letts BA(Hons) ANU Relevant experience: Deputy Director, Lowy Institute for International Policy; international relations
Dr Douglas McTaggart BEc(Hons) ANU, MA PhD Chicago, FAICD, FAIM (from 21.6.12) Relevant experience: company director; finance; investment services; public service
Mr David Miles AM LLB Melb, Hon LLD Qld Relevant experience: lawyer; Chair, Innovation Australia; company director
Mr Graeme Samuel AC LLB Melb, LLM Monash Relevant experience: managing director of investment bank; company director; public service; legal
One person who is either a Dean or the Head of a Research School and is elected, in either case, by the Deans and the Heads of the Research Schools voting together
Professor Andrew MacIntyre BA(Hons) MA PhD ANU Relevant experience: College Dean, ANU College of Asia and the Pacific.
In accordance with IPS requirements, the University displays on our website (at http://foi.anu.edu.au) a high volume of operational information. The IPS section of this site contains links to information that is available and commonly requested.
Functions of the University’s Statutory Officers
Chancellor
The Chancellor presides at all meetings of Council and ensures that Council operates effectively and supports the University’s strategic intent. The Chancellor assists the Vice-Chancellor with the representation of ANU to government, the private sector and benefactors and reviews the performance of the Vice-Chancellor as the Chief Executive Officer of the University. The Chancellor and the Vice-Chancellor sign the Annual Report of the University to Parliament. The Chancellor presides on all ceremonial occasions when available to do so.
Pro-Chancellor
In the absence of the Chancellor, the Pro-Chancellor presides at meetings of the Council and on ceremonial occasions.
Vice-Chancellor
The Vice-Chancellor is the Chief Executive Officer of the University. Under the Vice-Chancellorship Statute 2013, the Vice-Chancellor is charged with the responsibility to control and manage the affairs and concerns of the University, and the real and personal property at any time vested in or acquired by the University including the disposal of that property. The Vice-Chancellor has, and may exercise, such powers as are necessary or desirable to discharge those duties. The Vice-Chancellor also represents and acts for the University in its relations with the Commonwealth Government and other bodies.
Powers of the University
The University’s powers are based on the Australian National University Act 1991. Subject to the Act, the University has power to do all things that are necessary or convenient to be done for, or in connection with, the performance of its functions outlined in section 5 of the Act. The University has made Statutes, Rules and Orders which can be viewed at http://about.anu.edu.au/ governance-structure/legislation.
The only delegated legislation that affects members of the public who are not members of the University community are Statutes made concerning the management of traffic and parking on campus, which can also be found at http://about.anu.edu.au/governance-structure/ legislation.
Council and University Officers
The Council
Chancellor
Professor the Hon Gareth Evans AC QC, BA LLB(Hons) Melb, MA Oxf, Hon LLD Melb, Syd, Carleton, Queen’s Ont FASSA Relevant experience: politics, law, higher education, international relations
Vice-Chancellor
Professor Ian Young AO BE(Hons) MEngSc PhD JCU, Hon FIEAust, FTSE Relevant experience: higher education; engineering
Seven members appointed by the Minister on the recommendation of the Nominations Committee of Council
Ms Ilana R Atlas BJuris LLB(Hons) WAust, LLM Syd Relevant experience: executive and non-executive experience in compliance; human resources; legal; banking and finance; mergers and acquisitions governance
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One member of the academic staff of the Institute of Advanced Studies elected by the members of that staff
Professor Timothy Senden BSc (Hons) PhD ANU Relevant experience: Head, Department of Applied Mathematics, Research School of Physics and Engineering
One member of the academic staff of The Faculties elected by the members of that staff
Professor John Close BSc(Hons) ANU, MA PhD UCBerkeley Relevant experience: Deputy Director (Education), Department of Quantum Science.
One member of the general staff of the University elected by members of that staff
Mr Matthew King Relevant experience: tertiary education as a staff member
One postgraduate student of the University elected by the postgraduate students of the University
Ms Julie Melrose BIntStud USyd (to 31.5.13) Relevant experience: tertiary education as a research student.
Mr Arjuna Mohottala BSc (Hons) UK, MA USQ, MIDEC ANU, ACMA, CPA (from 1.6.13) Relevant experience: tertiary education as a postgraduate student.
One undergraduate student of the University elected by the undergraduate students of the University
Ms Aleks Sladojevic (from 1.12.12) Relevant experience: tertiary education as an undergraduate student.
Executive Director (Administration and Planning) Mr David Sturgiss BComm NSW, FCA FC MAICD (acting to 28.4.13) Mr Chris Grange BA UNSW, MComm W’gong (from 29.4.13)
College Dean, ANU College of Arts and Social Sciences Professor Toni Makkai BA CIAE, MSPD PhD Qld
College Dean, ANU College of Asia and the Pacific Professor Andrew MacIntyre BA(Hons) MA PhD ANU
College Dean, ANU College of Business and Economics Professor Jayne M Godfrey BCom(Hons) Melb, PhD Qld, MEc Syd, DipEd MSVC, FAICD, FCA, FCPA
College Dean, ANU College of Engineering and Computer Science Professor John Hosking BSc PhD Auck, MIEEE, FRSNZ
College Dean, ANU College of Law Professor Stephen Bottomley BA LLB(Hons) Macq LLM UNSW
College Dean, ANU College of Medicine, Biology and Environment Professor Andrew co*ckburn BSc PhD Monash, FAA
Dean of Medicine and Health Sciences, ANU College of Medicine, Biology and Environment Professor Nicholas Glasgow MBChB, MD Auck, FRNZGP, FRACGP, FAChPM
College Dean, ANU College of Physical and Mathematical Sciences Professor Andrew Roberts BSc(Hons) PhD DSc Victoria
Mr Cameron Wilson (from 1.12.13) Relevant experience: tertiary education as an undergraduate student.
University Officers
Chancellor Professor the Hon Gareth Evans AC QC, BA LLB(Hons) Melb, MA Oxf, Hon LLD Melb, Syd, Carleton, Queen’s Ont, FASSA
Pro-Chancellor Ms Ilana Atlas BJuris LLB(Hons) WAust, LLM Syd
Vice-Chancellor and President Professor Ian Young AO BE(Hons) MEngSc PhD JCU, Hon FIEAust, FTSE
Deputy Vice-Chancellor (Academic) Professor Marnie Hughes-Warrington BEd(Hons) Tas, DPhil Oxon
Deputy Vice-Chancellor (Research) Professor Margaret Harding BSc PhD DSc Syd, CChem, FRACI
Pro Vice-Chancellor (Innovation and Advancement) Professor Michael Cardew-Hall BSc(Hons) Nott, PhD Imperial College, CEng, FlMechE
Pro Vice-Chancellor (International and Outreach) Dr Erik Lithander BSc (Econ) LSE, MPhil PhD Cambridge
Pro Vice-Chancellor (Research and Research Training) Professor Jennifer Corbett BA(Hons) ANU, MA Oxon, PhD Michigan
Pro Vice-Chancellor (Student Experience) Associate Professor Paul Compston BSc(Hons) Bradford ME PhD ANU (acting to 7.4.13) Professor Richard Baker BA(Hons) ANU, PhD Adel (from 8.4.13)
Director, The John Curtin School of Medical Research Professor Julio Licinio MD Bahia, FAPA (to 31.3.13) Professor Christopher Parish, BAgrSc PhD Melb FTSE (from 1.4.13)
Director, Research School of Astronomy and Astrophysics Professor Harvey Butcher BSc(Hons) CalTech, PhD ANU, FASA (to 6.1.13) Professor Matthew Colless, BSc(Hons) Syd, PhD Cambridge, FASA (from 7.1.13)
Director, Research School of Biology Professor Kiaran Kirk BSc(Hons) PhD Syd, MA DPhil Oxon
Director, Research School of Accounting and Business Information Systems Associate Professor Greg Shailer MCom Ncle, PhD Adel, FCPA (acting to 3.2.13) Professor Juliana Ng BCom MAcc PhD UWA, CPA (from 4.2.13)
Director, Research School of Chemistry Professor Martin Banwell BSc(Hons) PhD Well, FAA, FRACI, FRSC, Hon FRSNZ (to 30.6.13) Professor John Carver BSc (Hons) Adelaide, PhD ANU (from 1.7.13)
Director, Research School of Computer Science Dr Henry Gardner BSc(Hons) GradDipComputeStud Melb, PhD ANU (to 4.8.13) Professor Alistair Rendell BSc(Hons) Dunelm, PhD Syd (from 5.8.13)
Director, Research School of Earth Sciences Professor Ian Jackson BSc(Hons) Qld, PhD ANU
Director, Research School of Economics Professor Kieron Meagher BA MA Waikato, PhD ANU
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Director, Research School of Engineering Associate Professor Thushara Abhayapala, BE(Hons) PhD ANU, FIEAust
Director, Research School of Finance, Actuarial Studies and Applied Statistics Professor Terence O’Neill BSc(Hons) Adel, MS PhD Stanford, AStatSSA
Director, Research School of Humanities and the Arts Professor Howard Morphy BSc MPhil Lond, PhD ANU, FASSA, FAAH, CIHA (to 30.9.13) Professor Paul Pickering, BA(Hons) PhD Latrobe, FRHistS (from 1.10.13)
Director, Research School of Management Professor Pam Morrison BEcon Qld, MComm PhD UNSW
Director, Research School of Physics and Engineering Professor Stephen Buckman BSc PhD Flinders, FAPS, FAIP, FInstP
Director, Research School of Population Health Professor Gabriele Bammer, BSC BA Flinders, PhD Syd
Director, Research School of Psychology Professor Donald Byrne BA PhD Adel, DrHC NTNU Norway, FASSA, FAPS
Director, Research School of Social Sciences Professor Adam Graycar BA PhD DLitt UNSW, FASSA
Director, Australian Centre on China in the World Professor Geremie Barmé BA PhD ANU, FAHA
Director, Australian National Centre for the Public Awareness of Science Associate Professor Sue Stocklmayer AM BSc Lond, MSc
Chief Information Officer Mr Peter Nikoletatos, BBus MEdSt Newcastle, GradDipLaw SCU, FAIPM, MAICD, AIMM, MACS
Director, Strategic Communications and Public Affairs Ms Jane O’Dwyer BA Curtin, MJourn W’gong
Director, Facilities and Services Mr Mick Serena MDesSc Syd
Director, Human Resources Mr Ron Watts BCom WAIT, MCom Melb, GradDip(BusMgt) Monash, FAHRI (to 25.1.13) Dr Nadine White BLA LLB(Hons) PhD Newcastle, CAHRI (from 28.1.13)
Director, Marketing Office Ms Tracy Chalk BA UNSW
Director, North America Liaison Office Dr John Wellard BAppSc LaT, GradDipSci PhD ANU
Director, Research Services Ms Karen Jackson BEc ANU (acting to 14.7.13) Dr Douglas Robertson (from 15.7.13)
Director, Residential and Campus Communities Mr Luce Buitlier Andrews BA UWS, GradDipAppPsych UCan
Director, Risk Management and Audit Office Mrs Leslie Hyland BAcc ITES Monterrey (to 30.6.13) Mr Zachary Ong BActS BComm ANU, CA and Ms Donna Webster BA ANU (joint acting from 1.7.13 to 30.9.13)
Director, Crawford School of Economics and Government Professor Tom Kompas MSc BSc Iowa State, PhD Tor
Director, The Fenner School of Environment and Society Professor Stephen Robert Dovers BAppSc Canberra, BLett, PhD ANU
Director, Mathematical Sciences Institute Professor Thierry Coulhon, PhD Paris
Director, National Centre for Indigenous Studies Professor Michael Dodson AM LLB BJuris Monash, Hon DLit Technol Syd, Hon LLD NSW
Director, National Security College Professor Michael L’Estrange AO BA(Hons) Syd, MA Oxon
Director, School of Culture, History and Language Professor Brij Lal OF BA USP, MA UBC, PhD ANU, FAHA (to 11.2.13) Professor Ken George BA Tufts, MA North Carolina-Chapel Hill, MA PhD Mich (from 12.2.13)
Director, School of International, Political and Strategic Studies Professor Paul Hutchcroft BA Macalester, MA PhD Yale
Director, School of Regulation, Justice and Diplomacy Professor Veronica Taylor BA(Hons) LLB Monash, LLM Washington
Dean of Students Professor Penelope Oakes BSc PhD Brist
Chief Finance Officer & Director, Finance and Business Services Mr David Sturgiss BComm NSW, FCA FC, MAICD
Director, Scholarly Information Services and University Librarian Ms Roxanne Missingham MPubAdmin Canberra, GradDipLib CCAE, BSc ANU, FALIA
Head, Governance Office Ms Jan O’Connor BA James Cook (to 30.9.13)
Director, Corporate Governance and Risk Office Dr Elizabeth Eedle BA Monash, M(Ed) Melb, DBA Swinburne (acting from 1.10.13)
Registrar, Student Administration Mr Mark Erickson BSocSc UNSW
Registrar, Student Services Dr Laura-Anne Bull BEng(Hons) PhD Strathclyde
University Counsel Mr Kenneth Grime BEc LLB Monash, Barrister & Solicitor
Master, University House and Graduate House Professor Lawrence Cram BSc(Hons) BE(Hons) PhD Syd FRAS FRIEAust
Head, Bruce Hall Ms Marion Stanton BA(Hons) ANU
Head, Burton & Garran Hall Mr Keith Conley BA(Hons) ANU (to 22.11.13) Mr David Segal, BCmn UC, MMgt ANU (acting from 30.11.13)
Head, Fenner Hall Dr Jasmine Jury BSc(Hons) Massey, PhD ANU
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Head, Toad Hall Dr Ian Walker BA DipEd Syd, MA Macq, PhD UNSW
Head, Ursula Hall Dr Ian Walker BA DipEd Syd, MA Macq, PhD UNSW
Officers for Ceremonial Occasions
Marshal Mr Selwyn Harcourt Cornish AM BEc WAust Dr Royston Gustavson BA(Hons) Qld, MBA PhD Melb, FAICD (alternate)
Esquire Bedel Dr Ian Walker BA DipEd Syd, MA Macq, PhD UNSW Ms Lorena Kanellopoulos DipHRM, GradCertMgt, MMgt ANU (alternate)
Council and Council Committees
Number of meetings and members’ attendance for the period 1.1.13 to 31.12.13.
Council
Number of meetings: 6
Name of member Number of attendances
Professor G Evans AC QC (Chair) 6
Professor I Young AO* 6
Ms I Atlas 5
Professor J Close* 6
Dr V FitzGerald 6
Ms R Hughes AO 6
Mr M King* 5
Ms M Letts 5
Professor A MacIntyre* 6
Dr D McTaggart 6
Ms J Melrose** (to 31.5.13) 2
Mr D Miles AM 5
Mr A Mohottala** (from 1.6.13) 2
Mr G Samuel AC 6
Professor T Senden* 6
Ms A Sladojevic ** (to 30.11.13) 5
Mr C Wilson** (from 1.12.13) 1
Audit and Risk Management Committee
Number of meetings: 5
Name of member Number of attendances
Mr G Knuckey (Chair) 4
Ms I Atlas 3 (includes 2
via teleconference)
Mr M Delaney 4
Mr P Perkins 5
Mr G Samuel 2 (via teleconference)
Mr M Ridley 5
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Finance Committee
Number of meetings: 5
Name of member Number of attendances
Mr G Samuel AC (Chair) 4 (includes 1 via
videoconference)
Professor I Young AO* 4
Professor M Hughes-Warrington* 1
Ms I Atlas 1 (via teleconference)
Mr P Carlin (to 30.6.13) 0
Mr M Delaney 4
Mr M Empson 3
Mr G Knuckey 4
Mr K Lyon 3
Ms S Mckenna (from 30.6.13) 3 (includes 2 via
teleconference)
Dr D McTaggart 3 (includes 1 via
teleconference)
Mr D Miles AM 5 (includes 1 via
teleconference)
Committee on Conditions of Appointment of the Vice-Chancellor
Number of meetings: Committee members conferred as required throughout 2013 regarding conditions of appointment of the Vice-Chancellor.
Emergency Appointment (Vice-Chancellor) Committee
* ANU staff member ** ANU student
Honorary Degrees Committee
Number of meetings: 3
Name of member Number of attendances
Professor G Evans AC QC (Chair) 3
Ms I Atlas 2
Professor I Young AO* 3
Professor M Ball* 2
Dr V FitzGerald 2
Professor M Harding* 2
Ms R Hughes AO 3
Professor M Hughes-Warrington* 1
Ms M Letts 2
Professor N Peterson* 2
Ms A Sladojevic ** (to 30.11.13) 2
Mr C Wilson** (from 1.12.13) 0
Name of member
Professor G Evans AC QC (Chair)
Ms I Atlas
Mr G Samuel AC
Number of meetings: 0
Name of member
Professor G Evans AC QC (Chair)
Ms I Atlas
Mr G Samuel AC
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The report of operations must provide an outline of the organisational structure of the Commonwealth authority (including subsidiaries) and the location of major activities and facilities.
First and second tier academic organisational units are listed below.
> ANU College of Arts and Social Sciences
> Research School of Humanities and the Arts
> Research School of Social Sciences
> ANU College of Asia and the Pacific
> ANU Crawford School of Public Policy
> School of Culture, History and Language
> School of International, Political and Strategic Studies
> School of Regulation, Justice and Diplomacy
> Australian Centre on China in the World
> ANU College of Business and Economics
> Research School of Accounting and Business Information Systems
> Research School of Finance, Actuarial Studies and Applied Statistics
> Research School of Management
> Research School of Economics
> ANU College of Engineering and Computer Science
> Research School of Computer Science
> Research School of Engineering
> ANU College of Law
> Faculty of Law
> ANU College of Medicine, Biology and Environment
> The Fenner School of Environment and Society
> The John Curtin School of Medical Research
> Research School of Biology
A C A D E M I C S T R U C T U R E
O F T H E U N I V E R S I T Y
> ANU Medical School
> Research School of Population Health
> Research School of Psychology
> ANU College of Physical and Mathematical Sciences
> Mathematical Sciences Institute
> Research School of Astronomy and Astrophysics
> Research School of Chemistry
> Research School of Earth Sciences
> Research School of Physics and Engineering
> Australian National Centre for the Public Awareness of Science
> ANU National Security College (to 31 March 2013)
> National Centre for Indigenous Studies
The University structure can be viewed at page 16 of this report or at http://about.anu.edu.au/governance-structure/ university-structure
External locations of major activities and facilities
ANU School of Clinical Medicine ANU College of Medicine, Biology and Environment The Australian National University The Canberra Hospital Yamba Drive Garran ACT 2605
Mount Stromlo Observatory Research School of Astronomy and Astrophysics ANU College of Physical and Mathematical Sciences The Australian National University Cotter Road Weston Creek ACT 2611
Kioloa Coastal Campus Facilities and Services Division The Australian National University 496 Murramarang Road Kioloa NSW 2539
North Australia Research Unit (NARU) Facilities and Services Division The Australian National University 23 Ellengowan Drive Brinkin (Darwin) NT 0810
Siding Spring Observatory Research School of Astronomy and Astrophysics ANU College of Physical and Mathematical Sciences The Australian National University National Park Road Coonabarabran NSW 2357
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R I S K M A N A G E M E N T
This statement has been prepared to comply with section 16 of the Commonwealth Authorities and Companies (Annual Reporting) Orders 2011 not covered in other sections of this report.
Risks, framed as strategic, external and operational risks, are inherent to all research, academic, administrative and business activities. Every member of the University community continuously identifies and manages risks in their day-to-day activities. To assist in this process, the University has continued to mature the ANU Entity-wide Risk Management Framework (ERMF) by further integrating risk into the University’s assurance processes. The University’s potential exposure risk profile is available to all staff through the risk management and audit portal.
The aim of risk management is not to eliminate risk, but rather to manage the risks involved in all University activities, with the overall goal of maximising opportunities (i.e. strategic risks) and minimising adverse outcomes (i.e. operational risks). In periods of change, risk and uncertainty (i.e. external risks) are top of mind. In such times, a structured and systematic approach to managing risk is beneficial. Consequently, ANU acknowledges that the adoption of a strategic and formal approach to risk management improves decision-making, enhances outcomes and leads to greater accountability. The goal for ANU is to integrate risk management into its organisational culture by implementing the ERMF, thus seeking to have better performance and resiliency as the University moves towards meeting the goals of the University’s strategic plan, ANU by 2020, and support the University through its current change processes.
Risk management through the ANU Entity-wide Risk Management Framework
The ERMF assists in the protection of the University’s key assets: people, reputation, finances, infrastructure and intellectual property. The University endorses the Australian and New Zealand Risk Management Standard AS/NZS
ISO 31000:2009 and its application based on the following essential elements:
> establish the context
> identify the risks
> analyse the risks, including evaluation of associated controls
> determine consequence and likelihood
> evaluate the risks
> treat the risks
> communicate and consult
> monitor and review.
All staff at the University are responsible for the management of risk, including the identification, assessment and reporting of potential and emerging risks to the University’s key assets as noted within the University risk management policy.
The framework is supported by a robust governance structure. This includes:
> the Audit and Risk Management Committee and the Risk Management Advisory Committee
> a risk management policy and procedure that clearly articulates and assigns key roles and responsibilities
> ANU risk profiles > a risk-based Strategic Internal Audit Plan (2013-2015) > a computer-assisted audit techniques program
> grant audits > a fraud control plan aligned with the Commonwealth Fraud Control Policy and Guidelines and based on a rolling risk review
program > a communication strategy underpinned by the ANU risk web portal > an emergency response and business
continuity planning framework > the availability of risk management support, advice, assessment tools and training to academic and support areas in key
operational risk activities, including grant risk management and project risk management.
Audit and Risk Management Committee
The Audit and Risk Management Committee advises the University Council on the development and implementation of the ERMF and practices, the quality of audits conducted and the adequacy of administrative, operating and accounting controls and compliance with relevant legislation and policies.
The committee consists of six non-executive members, of which at least one is a member of Council. The Commonwealth Authorities and Companies Act 1997 (the CAC Act) obliges the University to have an audit committee. The Audit and Risk Management Committee charter outlines the roles and responsibilities of the Committee, which is approved by Council and regularly reviewed through the executed programs report provided to each Council meeting.
Risk Management Advisory Committee
The Risk Management Advisory Committee is a University management committee. Its roles are to:
> monitor and review strategic and institutional risks
> make recommendations to the Director, Corporate Governance and Risk, the Audit and Risk Management Committee, and the Vice-Chancellor (as appropriate) on risk management policies and procedures
> assist the University to raise levels of management awareness and accountability for risk management and the development of a risk management culture
> review and monitor areas’ risk management, crisis management and business continuity plans
> make recommendations on the University’s crisis management plans and arrangements and to review incidents as they occur.
Internal audit and management initiated reviews
Internal audit, guided by a charter, helps ANU to achieve its objectives by bringing a systematic and disciplined approach to evaluate and improve the effectiveness and efficiency of its operations (including policies, procedures and business processes), risk management, controls and governance.
The ANU Strategic Internal Audit Plan, which covers a three-year period, provides ANU management and the Audit and Risk Management Committee with a strategic overview of planned internal audit activity that is linked to the University’s risk profile, the business environment and the directions the University is striving towards, as set out in ANU by 2020.
The plan incorporates a broad range of audits, including compliance-based assurance audits, performance improvement audits, advisory audits and comprehensive (compliance as well as performance) internal audits. The objective of the plan is to focus on and direct the audit activity to areas of key risks and where management believes the greatest value can be added.
Management-initiated reviews are undertaken in response to emerging risks, as identified by management.
During 2013, eight internal audits and four management initiated reviews were undertaken with coverage in a variety of University operations, including:
> student lifecycle experience
> crisis management - IT
> identity management
> insurance practices
> IT enterprise architecture
> policy framework
> research ethics
> strategic and operational planning
> preferred supplier arrangements
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> commercial and non-commercial operations on campus
> loans, receivables and transfers
> a post-audit of NHMRC compliance.
Improvement actions are either completed and/ or currently underway. Follow-up of internal audit recommendations with audit sponsors is conducted regularly.
Computer Assisted Audit Techniques Program
The Computer Assisted Audit Techniques Program provides assurance to ANU management and the Audit and Risk Management Committee in relation to key controls around finance, human resources and student services. The program is designed and implemented in cooperation with relevant stakeholders with an aim to identify opportunities to improve processes as well as to monitor University transactional activity.
Grant audits
The University is required to conduct audits of grant financial activities to comply with requirements set by the grant funding entity. The audits conducted verify whether the statement of income and expenditure accurately summarises the financial records of the grant and funds have been expended in accordance with the grant agreement. Grant acquittal financial statement reports are audited by an internal auditor or by an independent external auditor with the results and corrective action plans being forwarded to the funding body, as required in respective regulation and/or funding agreements.
During 2013, 101 internal and 12 external audits were conducted to audit $131 million of grant funds, approximately $42 million of which were Commonwealth grants for multi-year capital constructions. This was a significant decrease in terms of dollar value on 2012, which saw 64 internal and 21 external audits undertaken for $270 million of grant funds, of which about $210 million were
Commonwealth capital construction grants. The decrease is mainly attributable to the completion of grant-funded major capital projects across ANU.
Fraud risk management
The University is committed to minimising the incidence of fraud through the identification of potential fraud risks and the development, implementation and regular review of a range of fraud prevention and detection strategies. The devolved management structure adopted by ANU requires that staff take an active role in the detection, prevention and reporting of fraud. The University has a fraud control framework in place supported by a fraud control plan, risk management policy and procedure, a fraud control procedure, staff information booklet, fraud awareness training, fraud risk profiles at the College and Service Division level, fraud profiling guidance and a protected disclosures policy. Biennial updates of fraud risk profiles are done by areas and controls are reviewed by the relevant Service Division.
Business continuity planning
The immediate response to any campus disaster will be managed in accordance with the provisions of the emergency management strategy. However, once the immediate impact of any disaster has been handled and the environment is stable, there is a need to establish procedures to enable return to business operations and this is contained in the Business Continuity Plan. The University’s risk management policy requires Colleges and Service Divisions to develop and maintain a business continuity plan and be responsible for ensuring that these are kept up to date.
Business Continuity Plans have been established for all Colleges and Service Divisions. These Plans are refreshed on an annual basis with periodical testing of mitigation strategies for high impact areas undertaken. These plans are reviewed externally by the Australian National Audit Office in so far as they impact the financial statements. The University also has a crisis management strategy as a part of its business continuity procedures.
I N D E M N I T I E S
This statement has been prepared to comply with section 19 of the Commonwealth Authorities (Annual Reporting) Orders 2011.
Indemnities and insurance premiums for ANU officers
ANU will indemnify its staff against liabilities incurred by them while carrying out their duties in good faith for ANU. It will stand behind its staff and meet the costs of actions that might be taken against them personally as though the action had been taken against ANU, provided that the staff member concerned was acting in good faith.
Similar indemnities have been granted to members of the ANU Council, ANU appointments to external company boards and non-ANU employees who serve on ANU committees.
Professional indemnity insurance and other appropriate insurances, including Directors and Officers Liability Insurance, have been acquired on terms and conditions that are consistent with provisions in the Commonwealth Authorities and Companies Act.
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A C C E S S
As ANU does not report via any of the four disability reporting mechanisms, this statement has been prepared to comply with Attachment D of the Requirements for Annual Reports 24 June 2013.
ANU by 2020 clearly demonstrates the University’s commitment to embedding access and equity in all its activities, and the University continues to have one of the highest rates of representation of students with disability in Australia’s higher education sector. The University has a long-standing commitment to, and success in, diversity and the inclusion of people with disability in education. The work currently being driven by the Disability Services Centre (DSC) is providing access to inclusive education for students from a wide cross-section of society.
The University Access and Equity Committee has responsibility for the oversight of disability strategy for research, teaching, employment and community engagement. The committee also advises on the timely implementation and review of the ANU Disability Action Plan 2009-2012 and on issues of compliance and best practice in meeting the University’s legal requirements in this area. The University commenced action in 2012 to review and update the University’s Disability Action Plan.
Employment
ANU is a foundation member of the Australian Employers Network on Disability and is actively involved in collaboration and networking with other employers in the ACT to increase the employment and work experience of people with disability and the confidence of staff to supervise and work with people with disability.
Access and equity policies of relevance are widely available to staff and supervisors. These policies include: equal opportunity; disability; and discrimination, harassment and bullying, as well as policies and procedures for handling student complaints and staff grievances. Training continues to be provided to staff with
During 2013, initiatives resulted in a 100 per cent success rate for women applying for professorial promotions. However, the proportion of professorial women decreased slightly to 21 per cent from 22.2 per cent in 2012. The average for the Go8 is currently 22.1 per cent. The representation of women at Associate Professor (Level D) is currently 22.8 per cent compared to the Go8 average of 31 per cent. Initiatives to address this will be further developed in 2014.
Education / Students
Support for students with disability is guided by the Disability Standards for Education, the Disability Discrimination Act and relevant University policies. Services available from the DSC include:
> special exam arrangements
> note-taking assistance
> the provision of participation assistants
> equipment and software loans
> materials in alternative formats
> physical access modifications
> scooter loans
> advocacy for students with disability.
Student numbers registered with the DSC rose from 767 students in 2012 to 938 students in 2013.
Continued collaboration with Colleges resulted in major changes to policies and procedures including the electronic process of distribution of Education Access Plans (EAPs) that began on 1 January 2013. This new arrangement ensured that Colleges were aware of students with disability and could put in place adjustments as required. The DSC has worked throughout 2013 to create a system of renewing the existing EAPs electronically - this new process began on 1 January 2014. This process will improve service delivery and efficiency and enable the renewal of EAPs to be carried out in a timely manner.
human resource responsibilities and selection panel members to ensure they are capable and confident when dealing with access and equity employment-related matters. Completion of online training regarding discrimination, harassment and bullying is mandatory for all new staff.
The University has agreed to and incorporated Indigenous workforce targets into the ANU Enterprise Agreement 2013-2016. In addition to these targets the University has committed to allocate responsibility for Indigenous issues to a member of the University Executive at Deputy or Pro Vice-Chancellor level. Vice-Chancellor Professor Ian Young will chair an oversight committee with representatives from key areas of the University, which will include Indigenous representation.
Over the course of 2013, actions to increase Indigenous staff numbers under the ANU Reconciliation Action Plan resulted in an increase in Indigenous staff from 26 to 35, meeting the 2013 targets as outlined in the 2014-2016 Mission-based Compact with the Department of Industry, Innovation, Science, Research and Tertiary Education. This is steady progress and good engagement across the University community has been achieved to advance our ambitious employment targets. In support of Indigenous staff, the ANU Enterprise Agreement 2013-2016 also provides for improved arrangements for Indigenous cultural responsibilities.
While the University is performing well in the attraction and retention of women to senior professional staff ranks, which at 48 per cent on 31 March 2013 is close to parity, of greater concern are the number of women in senior academic roles. The University is continuing its efforts to support the advancement of women, with Professor Young committing to further engagement of the advancement of women within the University’s strategic objectives.
The structural reorganisation of the DSC with the Counselling Service has resulted in a strengthening of the DSC services provided and enhanced student service delivery to students registered with mental health disabilities. It has also seen the inclusion of support from the Mental Health Advisor to assist students with complex mental health problems and has included professional development for DSC staff.
The Participation Assistants for Students with Asperger’s Syndrome program continued in 2013 with ANU supporting the program by providing a part-time officer to administer the program. The program ran successfully throughout 2013 with all students who participated reporting that their time management skills, organisational and communication skills had improved. Students agreed to the disclosure of their Asperger’s Syndrome (AS) by the DSC to residential halls and colleges, resulting in better understanding of the disability, increased acceptance and a smooth transition into living on campus. The DSC arranged for Professor Tony Attwood - world-renowned expert in Asperger’s Syndrome and Autism Spectrum Disorder (ASD) - to conduct two AS and ASD workshops to bring awareness to ANU academic and professional staff. Two hundred and sixty ANU staff attended the workshops. Many other Australian and international universities have made contact with ANU to obtain information about this best practice program. DSC staff have shared best practice information about the program via two JANSSA reports published in 2013. They were also finalists in the ACT Chief Minister’s Awards for the program in 2013.
As an initiative to raise awareness of disability amongst ANU staff, the DSC created ‘Welcome to My World’ disability awareness training. Two training sessions targeted at front-of-house and counter staff, and staff that interact directly face-to-face with students were conducted in 2013. The aim of the training is to bring awareness of disability to those that are often the first point of contact for students with disability. Strategies for interacting and appropriately communicating
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with people with vision impairment, hearing impairment, mobility impairment and dyslexia are covered. The program also aims to dispel myths that surround disability and replace them with best practice.
ANU awarded several scholarships to students with disability in 2013. Two students received an ANU Undergraduate Enterprise Access Scholarship valued at $4,000 for up to four years, whilst one student received an ANU Graduate Access Scholarship valued at $4,000 for up to four years. One student received an Accommodation Bursary for Students with a Disability valued at $95 per week over a maximum of 48 weeks.
Access and equity
The access and equity themes for 2013 continued to focus on the development of relationships with our regional partnerships schools; continuous review and re-development; increased awareness of outreach activities; and flexible entry mechanisms.
To provide opportunities for current ANU students and ensure peer resourcing for outreach and on-campus activities, the Student Equity office recruited and trained more than 120 ANU student volunteers as Community Ambassadors to support the University’s outreach and widen participation activities.
In 2013, the Student Equity office delivered 63 programs in our partnership schools and made contact with more than 5,500 students through outreach and on-campus activities funded by the Higher Education Participation and Partnership Program.
Evaluations show that 73 per cent of students involved with these programs indicated that they are more interested or still interested in going to university, with 46.3 per cent indicating that they are more interested in going to university after attending the program.
IT access
In 2013, the Assistive Technology Officer position was funded by ANU as a permanent ongoing position. The ANU Library and the DSC are working in collaboration to ensure students with visual or learning disabilities are able to access texts in an electronic and accessible format.
The DSC Chifley Library Resource Room, an accessible space available solely for students with disability, continues to be well utilised. The respite/quiet space within the room is regularly used by students who require a quiet space to rest or take time out from their studies.
2013 saw the continuation of the increased print quota for students identified by the DSC as requiring greater printed text due to their disability. Information Technology Services agreed to double the allowable print quota for students with disability from 400 to 800 at no further cost to the student.
The DSC Student List Server ensures communication is available between the DSC and students registered with the service. Information forwarded to students on this server includes scholarship opportunities, important academic dates and disability social events. It continues to be a valuable form of communication between ANU and students with disability.
The number of Principals’ Recommendation applications received in 2013 for the 2014 intake increased by 62 per cent. The University also saw increased 1-3 entry preferences from our partnerships schools.
With the ultimate aim of raising awareness of support for students from disadvantaged backgrounds, 2013 saw the implementation of the University Admissions Centre application method for the ANU Equity Accommodation Scholarships as well as the development of a National Access Booklet that will increase awareness of flexible and alternative entry pathways and support for prospective students.
ANU Student Equity, in collaboration with the University of Canberra and the Australian Catholic University, submitted three separate bids for Higher Education Participation and Partnerships Program funding and were subsequently successful with two bids that will be implemented over the next two years.
Physical access
Physical access requirements continue to be monitored and where significant issues are identified, they are addressed as part of the University maintenance and site infrastructure program. Requirements for improvements to access and mobility are considered with all projects.
The University Campus Master Plan is supported by the Strategic Asset Management Framework and supportive plans including Asset Management Plans which inform and plan the maintenance and upgrade requirements for existing buildings. A Signage and Wayfinding Strategy has been completed for the Acton Campus which includes updates to current access signage and implementation of new access signage.
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A S A F E , H E A L T H Y A N D
S U S T A I N A B L E W O R K
E N V I R O N M E N T
This statement reports on work health and safety matters at ANU as per the requirements of the Work Health and Safety Act 2011 (Cth) and as mentioned in the Requirements for Annual Reports 24 June 2013.
Managing work health and safety risk forms the core of work health and safety (WHS) at ANU. The University has a broad WHS risk profile associated with its research, teaching and operations, including specific risks associated with laboratories, workshops, maintenance, chemical storage handling and use, and manual handling, including occupational overuse.
ANU is committed to providing a workplace that is safe and healthy for all staff, students, contractors and visitors; is without risk to the environment; and complies with the Work Health and Safety Act 2011 (Cth) and other relevant legislation, regulations, national standards and codes of practice. The University manages WHS through the Human Resources Division, Work Environment Group (which has responsibility for injury prevention and injury management), ANU Wellbeing Program and support to staff with disability.
The University’s OHS Strategic Plan 2011-2014 provides the platform for meeting the University’s WHS commitment. Table 11 summarises the University’s achievements in 2013 against its strategic objectives.
Work was undertaken in consultation with the University’s designated work groups and WHS committees to develop and implement the revised structure for the University’s WHS management system, which reflects more accurately the University’s recent organisational restructure. Tailored WHS reports also gave Deans and Directors greater information on their WHS performance, and enabled them to more effectively revise their WHS Improvement Plans in 2013, based on identified areas for improvement. A review of the University’s WHS policies and procedures, with a focus on achieving and maintaining compliance with the Work Health and Safety Act 2011 (Cth) was also undertaken.
TABLE 11: OCCUPATIONAL HEALTH AND SAFETY STRATEGIC PLAN SUMMARY OF ACHIEVEMENTS
Objective Achievement
An integrated WHS management system, including effective WHS risk management strategies.
1. Continued updating the online enterprise WHS management system.
2. Conducted extensive awareness sessions on WHS duties for officers, managers and supervisors.
3. Further incorporated of new codes of practice into University WHS procedures.
Reduced impact of workplace injuries and illnesses.
1. Implemented early intervention rehabilitation programs, returning staff to work more quickly and at reduced cost.
2. Continued with a successful Wellbeing Program.
Reduced incidents by the active elimination of hazards.
1. Established a WHS risk database for use by all staff and students.
2. Trained staff and students in managing work-related risk.
Contributed significantly to improving WHS and wellbeing at all levels of ANU.
1. A WHS Harmonisation Committee has been established to improve the integration, implementation and standardisation of WHS policies and procedures across the University.
2. Contributed to the design and refurbishment of University workplaces.
The University continues to monitor its health surveillance program. Currently there are approximately 150 staff being monitored for audiometric, confined space work, self-contained breathing apparatus, hazardous substances, pesticides, zoonoses and animal allergies.
During 2013, WHS knowledge within the University was strengthened through 92 training courses, with 1,672 staff and students being trained. This is a decrease from previous years: 2,395 in 2012 and 1,762 in 2011, and up on 1,410 in 2010.
The number of work-related incidents reported in 2013 was higher than that of 2012, but there was a slight decrease in the number of accepted compensable claims, compared with 2012. Appropriate corrective action has been taken or is currently underway for all incidents. Incidents reported to Comcare in 2013 include:
> 30 serious personal injuries (up from 27 in 2012 but down from 51 in 2011)
> 13 dangerous incidents (down from 23 in 2012 and 14 in 2011).
Comcare conducted three formal investigations at ANU during 2013, related to a falling roller shutter cover, asbestos in soil and a faulty light fitting. There was also one Prohibition Notice issued to the University relating to an electrical connection to a building and low hanging power transmission lines which were quickly repaired by the electrical authority (ACTEW). In addition, Comcare enquired into eight other incidents.
In addition to Comcare, ANU provided compliance data to The Australian Radiation Protection and Nuclear Safety Agency (ARPANSA), the Australian Safeguards and Non-Proliferation Office, and the National Industrial Chemicals Notification and Assessment Scheme. During 2013, ARPANSA concluded that the University was in breach of its licence conditions by possessing an x-ray CT scanner before the paperwork had been submitted.
TABLE 12: OCCUPATIONAL HEALTH AND SAFETY INCIDENT STATISTICS 2010 - 2013
Performance indicator 2010 2011 2012 2013
Reported incidents (including injury and illness) 366 426 413 542
Number of accepted compensation claims 36 47 45 41
Number of lost time incidents 22 34 28 23
Lost time frequency for accepted claims 3.3 4.9 3.9 3.2
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In measuring its WHS performance, ANU continues to benchmark itself against the Group of 8 (Go8) universities and other government agencies. The University compares favourably with the Go8 on all measures of WHS performance. The University’s WHS performance has been consistently improving over time and this is reflected in the University’s Comcare premium, expressed as a percentage of payroll. The premium is calculated using a number of variables but essentially is a measure of system performance - the lower the premium rates, the better the performance. Table 13 demonstrates that ANU has performed consistently better than all other government agencies combined over the past four years. The large increase in 2013 was due to a significant increase from Comcare as they move to a full cost recovery model.
TABLE 13: ANU COMCARE PREMIUM RATES AS A PERCENTAGE OF PAYROLL
Premium Rates 2009-10 2010-11 2011-12 2012-13
ANU 0.82 0.83 0.81 1.38
All agencies combined 1.25 1.20 1.41 1.77
This statement has been prepared to comply with section 516A of the Environment Protection and Biodiversity Conservation Act 1999.
Ecologically sustainable development and environmental performance
ANU is constantly seeking to both reduce the environmental footprint of its operations through best practice sustainability initiatives and to foster a culture of sustainability on campus. Sustainability initiatives at ANU are guided by the Environmental Management Plan which sets out ambitious targets in relation to energy, emissions, water, waste and recycling, transport, biodiversity, pollution, heritage, green buildings and community engagement.
Targets include:
> a 20 per cent reduction in energy use and greenhouse gas emissions by 2015 and 35 per cent by 2020
> a 50 per cent reduction in potable water use by 2020, including removing all potable water use from the landscape by 2015
> maximising sustainable transport by significantly increasing green commuting and minimising single-occupant vehicle trips
> offsetting all emissions generated from air travel by 2015.
All targets have a 2006 baseline year.
In addition, strategies have been implemented to continually reduce pollution risk, protect and enhance biodiversity values, establish sustainable procurement procedures and design environmentally efficient buildings and mechanical plant and equipment.
At an overall level, the plan promotes a comprehensive and integrated program for improving campus sustainability, with underlying aims to establish international best practice
T H E E N V I R O N M E N T
mainstream environmental management into the University’s decision-making processes and develop an organisational culture that fosters sustainable behaviour within the campus and broader community.
In 2013, ANU continued to implement various initiatives to improve its environmental performance, including:
> the launch of the Campaign to Reduce Energy and Water (CREW) including plans for a new Building Management System, improved utility metering and a sustainability dashboard system
> analysis of energy efficiency opportunities in line with reporting to the Energy Efficiency Opportunities Program
> a Biodiversity Management Plan
> a Sustainable Transport Plan
> a range of other sustainability and heritage achievements, including events, installation of water refill stations, Green Star certification, a Green Leaders program for staff, launch of a sustainability iPhone app and a suite of outreach and community engagement initiatives.
Campaign to Reduce Energy and Water
CREW encompasses a suite of projects designed to realise significant cost savings in energy and water use at ANU.
ANU aims to save 10 per cent on utilities costs in 2014 (on 2013 baselines) and a further 10 per cent in 2015 (on 2014 baselines). The annual cost of utilities at ANU is around $17.5 million and growing. The Facilities & Services Division conducted an assessment of energy efficiency opportunities across the campus and is developing an action plan to meet the utilities cost reduction targets.
119 Review of operations | Annual Report 2013 Annual Report 2013 | Review of operations 118
The CREW program applies a multi-faceted strategy involving:
> improved monitoring of energy and water usage through additional metering and connection of existing meters to the sustainability dashboard system
> a program of efficiency upgrade and building tuning projects
> a community engagement campaign to inform staff and students of the new targets and how they can contribute to achieving them.
Priority areas in relation to energy being targeted by the CREW initiative include infrastructure enhancements such as lighting efficiency upgrades and building/plant tuning and replacement; as well as policy and operational changes such as adjusting the temperature set points in buildings and reducing the operating hours of heating/cooling systems. Additionally, 55 new smart meters have been installed to replace old mechanical electricity meters.
The two primary measures used to improve lighting efficiency in ANU buildings are:
> swapping the existing old style fluorescent tubes (T8s) with LEDs
> installing lighting sensors.
Electricity consumption from the lights in the compactus area of Level 1, Chifley Library has dropped 90 per cent following the installation of new LED lights with in-built sensors.
Co-generation and tri-generation projects are continuing to be assessed for economic viability as the University’s growing footprint from building expansion creates increased energy
Electricity consumption reduction required to meet 2015 target = 35% 124,725GJ Gas consumption reduction required to meet 2015 target = 38% 78,327GJ Total energy consumption reduction required to meet 2015 target = 36% 203,052GJ
A six per cent reduction in consumption is required to meet the 2015 target as outlined in the ANU Environmental Management Plan. Opportunities to eliminate all potable water from the landscape and other water saving measures are currently being explored for 2014.
FIGURE 11: ANU TOTAL ENERGY CONSUMPTION 2008-2013 (GAS AND ELECTRICITY)
FIGURE 12: ANU WATER CONSUMPTION IN KL 2008-2013
0.00
100,000.00
200,000.00
300,000.00
400,000.00
500,000.00
600,000.00
2008 200 9 2 01 0 2 01 1 2 012 2013
Total Gj 2015 target
440,000
430,000
420,000
410,000
400,000
450,000
460,000
470,000
480,000
490,000
2008 2009 2010 201 1 2 012 2013
Water kl 2015 target
consumption. This is especially so with new buildings such as the National Computational Infrastructure data centre. The volatility of gas pricing is being monitored to evaluate the potential of future on-site generation opportunities.
Priority areas in relation to water being targeted for CREW include the installation of dual flush toilets, low flow showerheads and flow restricting taps. Water efficient landscape management practices will continue to be implemented with a focus on developing landscapes with low irrigation requirements.
121 Review of operations | Annual Report 2013 Annual Report 2013 | Review of operations 120
Energy Efficiency Opportunities Program
The Facilities & Services Division conducted an assessment of energy efficiency opportunities across the campus in order to prepare a report to the Federal Government. The assessment listed opportunities with an expected payback of less than four years. This is a new requirement for ANU under the Federal Energy Efficiency Opportunities Program (EEOP), which requires organisations who consume more than 0.5 peta joules per year to produce energy efficiency plans and reports. Opportunities include infrastructure changes/upgrades, such as lighting conversions, building and plant tuning and replacement; as well as policy and operational changes, such as adjusting the temperature set points in buildings and reducing the operating hours of heating/ cooling systems. A consultation process sought input from General Managers, Directors and Facility Managers on what specific opportunities were viable and specific to their areas. CREW is the mechanism by which the 10 per cent savings target is to be realised and consultants have provided a 2014 implementation plan for energy and water efficiency opportunities.
ANU Biodiversity Management Plan
Significant progress was made in the area of biodiversity conservation in 2013 in line with the obligations of the Environment Protection and Biodiversity Conservation Act 1999 Commonwealth (EPBC Act). Biodiversity conservation remains a key area of the ANU Environmental Management Plan. The University aims to conserve and enhance biodiversity on all its campuses, in particular several rare and endangered species of flora and fauna.
In 2013, the ANU Biodiversity Management Plan, which was developed over the course of several years, was approved by the Department of Sustainability, Environment, Water, Population and Communities. The plan, which meets the University’s obligations under the EPBC Act,
ANU received two generous grants from the Commonwealth Department of the Environment through their Your Community Heritage Program. These two grants supported the commencement of a project to restore Mount Stromlo Observatory Director’s Residence and the development of an interactive Heritage Trail at Mount Stromlo.
A program of events and activities was developed to celebrate the Centenary of Canberra during 2013, including several heritage tours under four themes:
> Acton conservation area
> landscape of ANU
> architecture of ANU
> political history of ANU.
Thinking Spaces was a highly successful outdoor projection project that saw digital projections of historical, archival images of the University and its people on the walls of five campus buildings. Other centenary related activities included projections at Mount Stromlo Observatory, a celebration for the 50th birthday of the Menzies Library and an exhibition curated by ANU students of historic maps.
The formerly ruined ‘Buggy Shed’ at the rear of the 1912 Constables Cottage on Lennox Crossing was successfully restored in 2013, as was a 1938 tennis canteen formerly part of the Canberra Community Hospital.
ANU Heritage also began its Acton Campus Interpretation Strategy, commenced an audit of the highly significant ANU historic furniture collection and provided heritage advice on more than 30 projects.
Other sustainability achievements
Filtered water refill stations
A number of filtered water refill stations were installed across campus. The stations are located on North, Willows, Fellows and South ovals,
identifies, assesses and provides rigorous management requirements for campus biodiversity and proposes future opportunities for enhancing biodiversity across all ANU campuses.
A number of practical conservation initiatives were coordinated in 2013, including ongoing weed eradication efforts, replanting of native species and extension and reconnection of remnant patches of grassland in significant campus landscapes such as the remnant Box-Gum Grassy Woodlands (White Box/Yellow Box/Blakeley’s Red Gum Grassy Woodlands and Derived Native Grasslands). Ongoing identification, assessment and monitoring activities were also undertaken throughout the year, including regular water quality assessments of Sullivans Creek, Frog Watch, Bird Watch, and biota surveys and assessments. Many of these activities were supported by volunteers from ANU and the community, adding to the community understanding of local biodiversity values and threats.
ANU Sustainable Transport Plan
A new Sustainable Transport Plan was drafted and is currently being reviewed internally. It is hoped that it will be approved and released in April 2014. The plan provides an outline of the progress to date on the University’s sustainable transport targets, with an overview of the sustainable transport initiatives implemented on campus and the major challenges/barriers to be overcome if the targets are to be met. The plan also proposes a range of new initiatives and measures which will contribute to reducing the environmental impact of transport and progress on targets.
Heritage
With the celebration of Canberra’s 100th birthday in 2013, ANU Heritage undertook several key pieces of outreach and conservation management.
as well as in Union Court and the Colleges of Science precinct. They eliminate the need for staff and students to buy bottled water, thus reducing waste to landfill and energy and emissions from transport and storage of bottled water.
Green Star Certification
The Frank Fenner Building was awarded a 6 Star Green Star rating for Design and in 2013 was awarded a 6 Star Green Star rating for As Built under Green Star - Education, which is commensurate with ‘World Leader’ in sustainability. The building achieves impressive energy and water reductions through a range of initiatives including:
> a solar photovoltaic array
> a hybrid active chilled beam air-conditioning system
> rainwater collection tanks
> connection to the University’s black water treatment system
> connection to the University’s central plant for all heating and cooling requirements
> a wetland designed to support biodiversity and collect storm-water run-off.
Recycled water
Recycled water is currently used to irrigate the landscape at University Avenue, North Oval, Fellows Oval and the Colleges of Science precinct. Use of recycled water will be extended to other areas of the campus as part of the Water Efficiency Management Plan currently under development.
Green funds
ANU invests in projects that deliver measurable sustainability outcomes on campus to reduce emissions and achieve efficiency gains. Two funds are currently in operation.
123 ANU in 2013 | Annual Report 2013 Annual Report 2013 | Review of operations 122
The Green Loan Fund
This fund provides interest-free loans to support projects with prohibitive up-front costs, but which will deliver long-term financial and environmental savings with a pay-back of less than 10 years.
Projects funded in 2013 included:
> a high-speed hand dryer project
> process cooling units
> helium recovery project
> water saving chiller and cooling systems
> treated effluent for irrigation
> lighting upgrades
> Bruce Hall dual flush toilets
> the Hot Rot Organic Recycling unit replacement.
The Carbon Reduction Fund
Established in 2010, the Carbon Reduction Fund provides grants for projects that will deliver significant carbon emission reductions. Key areas include energy efficiency, shading and insulation, green information and communication technology (ICT) projects, green transport and carbon offset purchasing.
Example projects in 2013 include the LED lighting upgrades in several buildings, a green ICT program, external carbon offsets, development of a building auditing tool and building management system tune-ups.
Green Key iPhone app
2013 saw the launch of the Green Key iPhone app. The app is designed to assist residents of ANU halls and colleges to self-evaluate energy and water consumption in their rooms. In a simple and user-friendly format, the app collects data about lighting, electricity, heating and water use and then generates a mark (high distinction, distinction etc.) to reflect the student’s monthly energy and water usage score.
Green Leaders
The Green Leaders program aims to empower facility managers and other key stakeholders from across the University to play a role in delivering measurable sustainability outcomes by identifying opportunities to improve the efficiency of their facilities and operations. The Green Leaders program provides training and support in project scoping, planning and delivery with the aim of achieving cost savings, efficiency gains and reduced maintenance.
The program aims to:
> meet ANU sustainability/environmental goals
> provide a vital link between the ANUgreen Sustainability Office and the ANU community
> deliver measurable sustainability outcomes through reporting and delivery of projects such as energy and water efficiency
> reduce utilities expenditure by 10 per cent in 2014 (2013 base levels) and in 2015 (2014 base levels)
> improve communication and collaboration between local facility managers and the Facilities and Services Division.
The pilot, launched in 2013, consists of 10 key buildings across campus. The selected buildings represent a cross-section of different building types (e.g. lab research, student residences, libraries, office and teaching spaces). This ensures knowledge-sharing to achieve a higher level of synergy. If successful, the program will be expanded campus-wide.
Communications
In a concerted effort to improve the online presence of the ANU Sustainability Program, the sustainability website (http://sustainability.anu. edu.au/) received a complete makeover and was launched in early 2013. In addition to coming in line with updated ANU branding, the new website showcases sustainability in relation to student life, education, research, greening the office and lab,
Community engagement
Community engagement and collaboration remained a key element of the University’s environmental program in 2013 with a number of initiatives aimed at informing, empowering and harnessing the knowledge and energy of staff and students towards campus sustainability. This included providing students with opportunities to contribute to environmental management through sustainability internships, coursework and volunteer groups, such as the ANU Sustainability Learning Community. Academic collaboration also extended to other universities, both domestic and international, through networks such as the Go8 and the International Alliance of Research Universities, where ongoing collaboration is contributing to the development of best-practice models for campus sustainability. ANU hosted the Go8 Sustainability Manager’s Workshop in October 2013.
Events
Events are a significant aspect of the ‘People’ element of the ANU Environmental Management Plan. A sub-program of the plan specifies “hold major event’s related to sustainability to raise awareness and encourage participation”. The events target is to continually increase participation which is measured by total number of person-hours invested by volunteers and points of contact with participants. These events introduce students and staff to sustainability initiatives on campus.
Celebrate Sustainability Day (CSD) in week one of semester one, and Earth Hour at the end of March, have been held every year for the last six years. These well-established annual events provide face-to-face contact and rich discussions on sustainability issues. Together, CSD and Earth Hour represent approximately 3,000 points of contact on sustainability initiatives and serve as important avenues for fostering a sense of community at ANU. Other major events included the annual Great Green Debate and the Move-out Recycling initiative.
events and work experience opportunities while offering a first point of contact for all things green at ANU.
A series of short films on campus sustainability themes were developed and launched. These include:
> campus as a classroom
> energy
> water
> recycling & waste
> dress for the weather
> working on campus
> living on campus.
These informative, tongue-in-cheek videos (http://sustainability.anu.edu.au/student-life/ sustainability-videos) offer an overview of ANU campus sustainability initiatives and provide tips on how to reduce energy and water consumption while working or studying at ANU. They convey sustainability messages in a memorable and accessible way.
Awards
In 2013, ANU was recognised for its sustainability practices with the following awards:
> 2013 ACT Sustainable Cities Awards
> Winner - Sustainable Buildings: Commercial category for the ANU Lena Karmel Lodge
> Winner - Wildcard category for Digital Sustainability Outreach at ANU
> Highly commended - Community Action, Partnerships and Culture category for the ANU Green Precincts Project.
125 ANU in 2013 | Annual Report 2013 Annual Report 2013 | Review of operations 124
Financial information
127 Financial information | Annual Report 2013 Annual Report 2013 | Financial information 126 127
A U D I T R E P O R T
129 Financial information | Annual Report 2013 Annual Report 2013 | Financial information 128 129
S T A T E M E N T B Y T H E C O U N C I L
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F I N A N C I A L S T A T E M E N T S
THE AUSTRALIAN NATIONAL UNIVERSITY
INCOME STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2013
2013 2012 2013 2012
Notes $'000 $'000 $'000 $'000
INCOME Revenue Australian Government financial assistance 2 552,428 605,919 552,428 605,919
Australian Government grants HELP Government Payments 2 65,323 54,613 65,323 54,613
HECS-HELP - Student payments 11,713 11,422 11,713 11,422
State Government financial assistance 3 3,010 2,421 3,010 2,421
Fees and charges 4 180,262 179,746 167,754 160,662
Investment revenue 5 51,532 57,823 54,073 62,510
Consultancy and contracts 6 59,155 60,627 52,084 49,847
Construction contract revenue 7 153 699 - -
Other revenue 8 57,362 40,059 50,261 34,064
Total Revenue 980,938 1,013,329 956,646 981,458
Other Income Investment income 9 24,669 7,062 18,444 12,375
Gains/(losses) on revaluation 9 711 1,982 2,421 1,028
Total Other Income 25,380 9,044 20,865 13,403
TOTAL INCOME 1,006,318 1,022,373 977,511 994,861
EXPENSES
Employees 10 519,063 507,848 515,687 502,300
Services 11 348,452 337,867 337,547 319,090
Depreciation and amortisation 12 72,089 70,663 71,424 69,951
Write-down and impairment of assets 13 23,004 27,431 22,992 24,113
Finance cost 14 17,343 21,695 10,629 14,983
Losses/(Gain) on disposal of assets 15 (166) 2,004 (166) 2,004
Construction expenses 16 43 147 - -
TOTAL EXPENSES 979,828 967,655 958,113 932,441
26,490 54,718 19,398 62,420
Income tax benefit/(expense) 17 (2,361) 2,037 - -
OPERATING RESULT FROM CONTINUING OPERATIONS 24,129 56,755 19,398 62,420
OPERATING RESULT FROM DISCONTINUED OPERATIONS 8a 1,245 - - -
OPERATING RESULT 25,374 56,755 19,398 62,420
The above statement should be read in conjunction with the accompanying notes.
Consolidated University
OPERATING RESULT BEFORE INCOME TAX
THE AUSTRALIAN NATIONAL UNIVERSITY
STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2013
University
2013 2012 2013 2012
Notes $'000 $'000 $'000 $'000
Other Comprehensive Income
Operating result for the period 25,374 56,755 19,398 62,420
Items that may be reclassified to profit or loss Net change in fair value of available-for-sale (AFS) financial assets 32 118,808 48,081 119,011 47,729
Adjustments relating to equity accounted investments 2,642 - - -
Change in fair value of cash flow hedging instruments 32 6,766 (6,573) 3,916 (4,064)
32 (9,088) (1,159) (9,088) (1,159)
Items that will not be reclassified to profit or loss Revaluation of property, plant and equipment 32 24,867 107,917 22,935 107,355
Defined benefit plan actuarial gains/(losses) 82,460 (41,759) 82,460 (41,759)
Other movements 32 (616) (127) (616) (127)
Total other comprehensive income 225,839 106,380 218,618 107,975
Total comprehensive income/(loss) for the period 251,213 163,135 238,016 170,395
The above statement should be read in conjunction with the accompanying notes.
Consolidated
Reclassifications to income - impairment and derecognition of AFS financial assets
133 Financial information | Annual Report 2013 Annual Report 2013 | Financial information 132 133
THE AUSTRALIAN NATIONAL UNIVERSITY
STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2013
University
2013 2012 2013 2012
Notes $'000 $'000 $'000 $'000
ASSETS
Financial Assets Cash and cash equivalents 18 155,750 135,251 141,839 122,046
Loans and receivables 19 48,911 55,676 67,701 73,361
Investments 20 1,001,960 907,663 1,014,581 918,920
Investments accounted for using the equity method 21 14,290 16,316 15,939 17,150
Total Financial Assets 1,220,911 1,114,906 1,240,060 1,131,477
Non-Financial Assets Land, buildings and infrastructure 23 1,733,610 1,701,202 1,721,609 1,689,652
Plant and equipment 23 185,094 180,102 184,247 178,881
Investment property 24 127,149 128,258 19,200 18,600
Intangibles 25 29,213 29,213 - -
Inventories 26 3,237 2,008 1,648 1,313
Other non-financial assets 27 35,810 34,893 27,035 23,090
Total Non-Financial Assets 2,114,113 2,075,676 1,953,739 1,911,536
TOTAL ASSETS 3,335,024 3,190,582 3,193,799 3,043,013
LIABILITIES
Payables Suppliers 28 49,046 50,288 45,698 46,140
Other payables 29 40,895 37,205 39,002 29,289
Total Payables 89,941 87,493 84,700 75,429
Financial Liabilities Interest bearing liabilities 30 292,147 300,320 191,368 198,557
Other financial liabilities 22 31,769 45,980 8,734 12,649
Total Financial Liabilities 323,916 346,300 200,102 211,206
Provisions Employee benefits 31 770,493 856,177 769,960 855,357
Total Provisions 770,493 856,177 769,960 855,357
TOTAL LIABILITIES 1,184,350 1,289,970 1,054,762 1,141,992
NET ASSETS 2,150,674 1,900,612 2,139,037 1,901,021
EQUITY
PARENT ENTITY INTEREST Reserves 32 1,157,499 1,029,842 1,152,935 1,029,858
Retained surpluses 993,175 870,770 986,102 871,163
TOTAL EQUITY 2,150,674 1,900,612 2,139,037 1,901,021
CURRENT ASSETS 408,525 408,187 380,511 374,621
NON-CURRENT ASSETS 2,926,499 2,782,395 2,813,288 2,668,392
CURRENT LIABILITIES 268,478 257,029 261,593 243,243
NON-CURRENT LIABILITIES 915,872 1,032,941 793,169 898,749
The above statement should be read in conjunction with the accompanying notes.
Consolidated
THE AUSTRALIAN NATIONAL UNIVERSITY
STATEMENT OF CHANGES IN EQUITY
Consolidated
2013 2012 2013 2012 2013 2012 2013 2012
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
Opening balance Balance carried forward from previous period 870,770 859,523 986,038 837,772 43,803 40,138 1,900,611 1,737,433
Unadjusted balance from prior year
- 4 3 - - - - - 4 3
Adjustments relating to equity accounted investments 958 - (2,108) - - - (1,150) -
Adjusted opening balance 871,728 859,566 983,930 837,772 43,803 40,138 1,899,461 1,737,476
Comprehensive income
Operating surplus/(deficit) from ordinary activities 25,374 56,755 - - - - 25,374 56,755
Net revaluation increase - - 153,083 149,425 - - 153,083 149,425
Utilisation of Reserves - - - - (616) - (616) -
Adjustment direct to equity - actuarial gains/(losses) on employee superannuation liability 82,460 (41,759) - - - - 82,460 (41,759)
Adjustment for prior year depreciation 12,136 - (12,136) - - - - -
Transfers to/(from) reserves 532 - (532) - - - - -
Transfers to/(from) reserves 945 (3,792) (9,088) (1,159) (945) 3,665 (9,088) (1,286)
Total comprehensive income 121,447 11,204 131,327 148,266 (1,561) 3,665 251,213 163,135
Total equity at the end of the financial year 993,175 870,770 1,115,257 986,038 42,242 43,803 2,150,674 1,900,612
Accumulated Results Total Asset Revaluation Surplus Total Special Reserves Total Equity
135 Financial information | Annual Report 2013 Annual Report 2013 | Financial information 134 135
University
2013 2012 2013 2012 2013 2012 2013 2012
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
Opening balance Balance carried forward from previous period 871,163 854,294 986,052 836,193 43,806 40,138 1,901,021 1,730,625
Adjusted opening balance 871,163 854,294 986,052 836,193 43,806 40,138 1,901,021 1,730,625
Comprehensive income
Operating surplus/(deficit) from ordinary activities 19,398 62,420 - - - - 19,398 62,420
Net revaluation increase - - 145,862 151,020 - - 145,862 151,020
Adjustment direct to equity - actuarial gains/(losses) on employee superannuation liability 82,460 (41,759) - - - - 82,460 (41,759)
Adjustment for prior year depreciation 12,136 (12,136) - - - - -
Other movements - (127) - - - - - (127)
Transfers to/(from) reserves 945 (3,665) (9,088) (1,161) (1,561) 3,668 (9,704) (1,158)
Total comprehensive income 114,939 16,869 124,638 149,859 (1,561) 3,668 238,016 170,396
Total equity at the end of the financial year 986,102 871,163 1,110,690 986,052 42,245 43,806 2,139,037 1,901,021
Rounding Error
The above statement should be read in conjunction with the accompanying notes.
Accumulated Results Total Asset Revaluation Surplus Total Special Reserves Total Equity
THE AUSTRALIAN NATIONAL UNIVERSITY
STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 31 DECEMBER 2013
University
2013 2012 2013 2012
Notes $'000 $'000 $'000 $'000
OPERATING ACTIVITIES Cash received
Australian Government financial assistance 635,319 652,664 625,887 652,664
State Government financial assistance 2,778 2,444 2,778 2,444
HECS-HELP - student payments 11,713 11,422 11,713 11,422
Fees and charges 191,932 198,094 177,777 165,793
Consultancy and contracts 52,169 49,891 52,569 50,509
Interest and other investment earnings 18,506 36,439 18,071 35,660
Dividends received 26,132 28,415 29,160 33,804
Other receipts 72,977 66,331 66,747 60,926
Total cash received 1,011,526 1,045,700 984,702 1,013,222
Cash used Payments to employees and pensioners 525,648 501,853 521,985 496,258
Direct investment expenses 405 804 405 804
Borrowing expenses 14,863 21,694 8,132 14,983
Payments to services 379,580 363,289 362,398 345,966
Income taxes (67) 1,027 - -
Total cash used 920,429 888,667 892,920 858,011
NET CASH FROM OPERATING ACTIVITIES 33 91,097 157,033 91,782 155,211
INVESTING ACTIVITIES Cash received Proceeds from sales of property, plant and equipment 2,091 762 865 762
Proceeds from sale and maturity of investments 599,438 791,705 597,990 786,944
Total cash received 601,529 792,467 598,855 787,706
Cash used Purchase of property, plant and equipment 87,180 155,085 87,145 154,910
Intangibles expenditure - development costs - (259) - -
Transfer to FFE Reserve 265 - - -
Purchase of investments 576,509 724,463 576,509 721,276
Total cash used 663,954 879,289 663,654 876,186
NET CASH FROM INVESTING ACTIVITIES (62,425) (86,822) (64,799) (88,480)
FINANCING ACTIVITIES Repayments of borrowings (8,173) (6,289) (7,190) (5,451)
NET CASH FROM FINANCING ACTIVITIES (8,173) (6,289) (7,190) (5,451)
NET INCREASE (DECREASE) IN CASH HELD 20,499 63,922 19,793 61,280
Cash and cash equivalents at 1 January 18 135,251 71,329 122,046 60,766
CASH AND CASH EQUIVALENTS AT 31 DECEMBER 18 155,750 135,251 141,839 122,046
The above statement should be read in conjunction with the accompanying notes.
Consolidated
137 Financial information | Annual Report 2013 Annual Report 2013 | Financial information 136 137
THE AUSTRALIAN NATIONAL UNIVERSITY
SCHEDULE OF COMMITMENTS AS AT 31 DECEMBER 2013
Consolidated University
2013 2012 2013 2012
$'000 $'000 $'000 $'000
BY TYPE
Capital Commitments Property, plant and equipment 49,834 82,079 49,834 82,079
Total Capital Commitments 49,834 82,079 49,834 82,079
Other Commitments Operating leases 3,668 5,073 3,539 4,837
Other commitments 20,092 18,367 20,092 18,367
Total Other Commitments 23,760 23,440 23,631 23,204
Commitments Receivable (6,679) (9,571) (6,679) (9,571)
Net Commitments by Type 66,915 95,948 66,786 95,712
BY MATURITY All net commitments One year or less 60,527 89,928 60,463 89,843
From one to five years 6,207 6,020 6,142 5,869
Greater than five years 181 - 181 -
Net Commitments by Maturity 66,915 95,948 66,786 95,712
Operating lease commitments One year or less 1,391 1,384 1,327 1,299
From one to five years 2,277 3,689 2,212 3,538
Total Operating Lease Commitments Payable 3,668 5,073 3,539 4,837
Commitments Receivable (322) (440) (322) (440)
Net Operating Lease Commitments Payable 3,346 4,633 3,217 4,397
NB: Commitments are GST inclusive where relevant
SCHEDULE OF CONTINGENCIES AS AT 31 DECEMBER 2013
Consolidated University
2013 2012 2013 2012
Notes $'000 $'000 $'000 $'000
CONTINGENT ASSETS Deferred payment from sale of ANU College business 1,000 - - -
TOTAL CONTINGENT ASSETS 34 1,000 - - -
CONTINGENT LIABILITIES Guarantees 15,267 15,838 9,563 9,565
TOTAL CONTINGENT LIABILITIES 35 15,267 15,838 9,563 9,565
The above schedule should be read in conjunction with the accompanying notes.
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES TO AND FORMING PART OF THE ACCOUNTS
Note Contents
1 Significant Accounting Policies
2 Australian Government Financial Assistance
3 State Government Financial Assistance
4 Fees and Charges
5 Investment Revenue
6 Consultancy and Contracts
7 Construction Contract Revenue
8 Other Revenue
9 Other Income
10 Employees
11 Services
12 Depreciation and Amortisation
13 Write-down and Impairment of Assets
14 Finance Cost
15 Losses On Disposal of Assets
16 Construction Expenses
17 Income Tax Benefit/(Expense)
18 Cash and Cash Equivalents
19 Loans and Receivables
20 Investments
21 Investments Accounted for Using the Equity Method
22 Other Financial Assets and Liabilities
23 Land, Buildings and Infrastructure, Plant and Equipment 24 Investment Property
25 Intangibles
26 Inventories
27 Other Non-Financial Assets
28 Suppliers
29 Other Payables
30 Interest Bearing Liabilities
31 Employee Benefits
32 Reserves
33 Reconciliation of Operating Result to Net Cash Flows from Operations 34 Contingent Assets
35 Contingent Liabilities
36 Remuneration of Auditors
37 Directors' Remuneration
38 Related Party Disclosures
39 Remuneration of Executive Officers
40 Financial Instruments
41 Land
42 Superannuation Commitments
43 Cooperative Research Centres
44 Segment Information
45 Economic Dependency
46 Events Occurring After the Balance Sheet Date
47 Special Accounts
48 Subsidiaries
49 Investments in Associates
50 Interests in Joint Ventures
51 Fair Value Measurements
52 Acquittal of Australian Government Financial Assistance 53 Programs funded by grants received from United States of America Federal Government Agencies
139 Financial information | Annual Report 2013 Annual Report 2013 | Financial information 138 139
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
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 years presented, unless otherwise stated. The financial report includes separate financial statements for The Australian National University ("the University") as an individual entity and the consolidated entity consisting of the University and its subsidiaries (the Group). The term "the University" in this context covers all aspects of total operations of the University excluding subsidiaries (see Note 48), and includes funds from a number of sources that can only be applied to restricted purposes. These funds are separately identified at Note 20 (a).
1.1 Basis of preparation of the Financial Statements
The financial statements are required by Section 9 of the Commonwealth Authorities and Companies Act 1997 and are general purpose financial statements.
The statements have been prepared in accordance with the Finance Minister's Orders for Financial Reporting (or FMO's, being the Requirements and Guidance for the Preparation of Financial Reports of Australian Government Entities for the reporting period ending on or after 01 July 2013), Australian Accounting Standards and Interpretations issued by the Australian Accounting Standards Board (AASB) that apply for the reporting period and Financial Statements Guidelines for Higher Education Providers for 2013 issued in accordance with Section 19-10(2)(a) of the Higher Education Support Act issued by the former Department of Industry, Innovation, Science, Research and Tertiary Education, now Department of Education.
The Income Statement, Statement of Comprehensive Income and Statement of Financial Position have been prepared on an accrual basis and are in accordance with historical cost convention, except for certain assets and liabilities, which as noted, are at fair value. Except where stated, no allowance is made for the effect of changing prices on the results or the financial position.
The Financial Statements have been authorised for issue on 28 March 2013.
Compliance with International Financial Reporting Standards The Financial Statements and notes of the University comply with Australian Accounting Standards, including the Interpretations, some of which contain requirements specific to not-for-profit (NFP) entities that are inconsistent with IFRS requirements. The main NFP entity provisions, adopted by the parent entity, are in respect of the following. - Accounting for Government grants. AASB 1004 Contributions requires contributions received or receivable to be recognised immediately as revenue when: the entity obtains control of the contribution or the right to receive the contribution; it is probable that the economic benefits comprising the contribution will flow to the entity; and the amount of the contribution can be measured reliably. - 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.
Future Australian Accounting Standard requirements
Adoption of New Australian Accounting Standards
The following new standards, amendments to standards or interpretations, considered to be applicable to the University, came into effect for the first time in the current financial year. All relevant standards and interpretations have been adopted by the University. None of these have resulted in changes in accounting policies for the current period.
AASB 2011-8 Amendments to Australian Accounting Standards arising from AASB 13 [AASB 1, 2, 3, 4, 5, 7, 9, 2009-11, 2010-7, 101, 102, 108, 110, 116, 117, 118, 119, 120, 121, 128, 131, 132, 133, 134, 136, 138, 139, 140, 141, 1004, 1023 & 1039 and Interpretations 2, 4, 12, 13, 14, 17, 19, 131 & 132] AASB 2011-10 Amendments to Australian Accounting Standards arising from AASB 119 (September 2011) [AASB1, AASB 8, AASB 101, AASB 124, AASB 134, AASB 1049 & AASB 2011-8 and Interpretation 14] 2012-2 Amendments to Australian Accounting Standards - Disclosures - Offsetting Financial Assets and Financial Liabilities [AASB 7 & AASB 132] 2012-5 Amendments to Australian Accounting Standards arising from Annual Improvements 2009-2011 Cycle [AASB 1, AASB 101, AASB 116, AASB 132 & AASB 134 and Interpretation 2] 2012-9 Amendment to AASB 1048 arising from the Withdrawal of Australian Interpretation 1039 2012-10 Amendments to Australian Accounting Standards - Transition Guidance and Other Amendments [AASB 1, 5, 7, 8, 10, 11, 12, 13, 101, 102, 108, 112, 118, 119, 127, 128, 132, 133, 134, 137, 1023, 1038, 1039, 1049 & 2011-7 and Interpretation 12] AASB 13 Fair Value Measurement AASB 119 Employee Benefits AASB 1053 Application of Tiers of Accounting Standards AASB 3 (NFP) Business Combinations [for not-for-profit entities] AASB 7 (NFP) Financial Instruments: Disclosures [for not-for-profit entities] AASB 101 (NFP) Presentation of Financial Statements [for not-for-profit entities] AASB 102 (NFP) Inventories AASB 107 (NFP) AASB 108 Accounting Policies, Changes in Accounting Estimates and Errors AASB 110 Events after the Reporting Period AASB 112 (NFP) Income Taxes [for not-for-profit entities] AASB 116 Property, Plant and Equipment AASB 117 Leases AASB 118 (NFP) Revenue [for not-for-profit entities] AASB 127 (NFP) Consolidated and Separate Financial Statements [for not-for-profit entities] AASB 128 (NFP) Investments in Associates [for not-for-profit entities] AASB 131 (NFP) Interests in Joint Ventures [for not-for-profit entities] AASB 1039 Concise Financial Reports AASB 1048 Interpretation of Standards
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
1.1 Basis of preparation of the Financial Statements continued
Future Accounting Standards
The following new standards, amendments to standards or interpretations, considered to be applicable to the University, have been issued by the Australian Accounting Standards Board but are effective for future reporting periods. It is estimated that the impact of adopting these pronouncements when effective will have no material financial impact on future reporting periods.
AASB 2010-2 Amendments to Australian Accounting Standards arising from Reduced Disclosure Requirements [AASB 1, 2, 3, 5, 7, 8, 101, 102, 107, 108, 110, 111, 112, 116, 117, 119, 121, 123, 124, 127, 128, 131, 133, 134, 136, 137, 138, 140, 141, 1050 & 1052 and Interpretations 2, 4, 5, 15, 17, 127, 129 & 1052] AASB 2010-7 Amendments to Australian Accounting Standards arising from AASB 9 (December 2010 [AASB 1, 3, 4, 5, 7, 101, 102, 108, 112, 118, 120, 121, 127, 128, 131, 132, 136, 137, 139, 1023 & 1038 and Interpretations 2, 5, 10, 12, 19 & 127] AASB 2011-4 Amendments to Australian Accounting Standards to Remove Individual Key Management Personnel Disclosure Requirements [AASB 124] AASB 2011-6 Amendments to Australian Accounting Standards - Extending Relief from Consolidation, the Equity Method and Proportionate Consolidation [AASB 127, 128 & 131] AASB 2011-7 (NFP) Amendments to Australian Accounting Standards arising from the Consolidation and Joint Arrangements Standards [AASB 1, 2, 3, 5, 7, 9, 2009-11, 101, 107, 112, 118, 121, 124, 132, 133, 136, 138, 139, 1023 & 1038 and Interpretations 5, 9, 16, 17] [ for not-for-profit entities] AASB 2011-11 Amendments to AASB 119 (September 2011) arising from Reduced Disclosure Requirements 2012-1 Amendments to Australian Accounting Standards - Fair Value Measurement - Reduced Disclosure Requirements [AASB 3, AASB 7, AASB 13, AASB 140 & AASB 141] 2012-3 Amendments to Australian Accounting Standards - Offsetting Financial Assets and Financial Liabilities [AASB 132] AASB 2012-7 Amendments to Australian Accounting Standards arising from Reduced Disclosure Requirements [AASB 7, AASB 12, AASB 101 & AASB 127] AASB 2012-11 Amendments to Australian Accounting Standards - Reduced Disclosure Requirements and Other Amendments [AASB 1, AASB 2, AASB 8, AASB 10, AASB 107, AASB 128, AASB 133, AASB 134 & AASB 2011-4] AASB 2013-1 Amendments to AASB 1049 - Relocation of Budgetary Reporting Requirements AASB 2013-2 Amendments to AASB 1038 - Regulatory Capital AASB 2013-3 Amendments to AASB 136 - Recoverable Amount Disclosures for Non-Financial Assets AASB 2013-4 Amendments to Australian Accounting Standards - Novation of Derivatives and Continuation of Hedge Accounting [AASB 139] AASB 2013-5 - Amendments to Australian Accounting Standards - Investment Entities [AASB 1, AASB 3, AASB 7, AASB 10, AASB 12, AASB 107, AASB 112, AASB 124, AASB 127, AASB 132, AASB 134 & AASB 139] AASB 9 - Financial Instruments AASB 10 - Consolidated Financial Statements AASB 11 - Joint Arrangements AASB 12 - Disclosure of Interests in Other Entities
141 Financial information | Annual Report 2013 Annual Report 2013 | Financial information 140 141
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
1.1 Basis of preparation of the Financial Statements continued
Critical accounting estimates and judgements The preparation of financial statements in conformity with Australian Accounting Standards 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. Critical accounting estimates and judgements have been exercised in a number of circ*mstances as detailed below and in addition Notes 42 and 51.
Impairment of financial assets An assessment is made at each balance date as to whether there is objective evidence that a financial asset or group of financial assets is impaired.
Collectability of trade receivables is reviewed on an ongoing basis. The carrying amount of the asset is reduced through the use of an allowance account and the amount of the loss is recognised in the income statement within ‘write down of assets’ and ‘other expenses’. A provision for impairment of receivables is established when there is objective evidence that the entity will not be able to collect all amounts due according to the original terms of receivables. Significant financial difficulties of the debtor, probability that the debtor will enter bankruptcy or financial reorganisation, and default or delinquency in payments (more than 30 days overdue) are considered indicators that the receivable is impaired. The amount of the provision is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the effective interest rate. Cash flows relating to short-term receivable are not discounted if the effect of discounting is immaterial. When a receivable is uncollectible, it is written off against the allowance account for receivables. Subsequent recoveries of amounts previously written off are credited against other expense in the Income Statement.
If there is objective evidence that the cost may not be recovered, an available-for-sale investment is considered to be impaired. For available-for-sale equity instruments, objective evidence that the cost may not be recovered, in addition to qualitative impairment criteria, includes a significant or prolonged decline in the fair value below cost. The University's policy considers a significant decline to be one in which the fair value is below the cost by more than 20% and a prolonged decline to be one in which the fair value is below the cost for greater than 12 months.
If an available-for-sale investment is impaired based on the entity's qualitative or quantitative impairment criteria, any further declines in the fair value at subsequent reporting dates are recognised as impairments. Therefore, at each reporting period, for an available-for-sale investment that is determined to be impaired based upon the entity's impairment criteria, an impairment is recognised for the difference between the fair value and the original cost basis, less any previously recognised impairment.
For debt instruments, where there is a decrease in the impairment loss in a subsequent period which can be related objectively to an event after recognition of the impairment, the previous impairment loss is reversed through the Income Statement. Impairment losses on investments in equity instruments are reversed through equity.
Functional and presentation currency The financial report is presented in Australian dollars.
Foreign currency transactions Transactions denominated in a foreign currency are converted at the rate of exchange prevailing at the date of the transaction. At balance date, amounts receivable and payable in a foreign currency are translated at the exchange rate prevailing at that date and any exchange differences are brought to account in the Income Statement.
Rounding of amounts Amounts in the financial report have been rounded off to the nearest thousand dollars, or in certain cases, the nearest dollar.
Comparative figures Where necessary, comparative figures have been adjusted to conform with changes in presentation in these financial statements.
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 Australian National University, and the accounts of the wholly and beneficially owned subsidiary companies ANU Enterprise Pty Ltd incorporated in Australia (including its wholly owned subsidiary Australian Scientific Instruments Pty Ltd), ANU Section 68 Pty Limited incorporated in Australia, ANU (UK) Foundation incorporated in England and Wales, BRU Holdings Pty Ltd incorporated in Australia (including its wholly owned subsidiary BRU Project Pty Ltd) and SA2 Holdings Pty Ltd incorporated in Australia (including its wholly owned subsidiary SA2 Project Pty Ltd).
Subsidiaries are all those entities over which the Group has the power to govern the financial and operating policies, generally accompanying a shareholding of more than one-half of the voting rights. The existence and effect of potential voting rights that are currently exercisable or convertible are considered when assessing whether the Group controls another entity.
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 Australian National Audit Office (except for the ANU UK Foundation). The financial report for ANU Section 68 Pty Limited has been prepared on a non-going concern basis (details of this are outlined in Note 48).
The ANU UK Foundation is incorporated in the United Kingdom and is entitled to an exemption from the requirement to have an audit in the United Kingdom under the provisions of Section 476 of the Companies Act (UK) 2006. The financial report of the Foundation has been prepared in accordance with the Special Provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act (UK) 2006. The accounts of the Foundation are not audited by the Auditor-General as the Foundation is not an Australian based entity.
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
1.2 Accounting Policies, Changes in Accounting Estimates and Errors There have been no material adjustments or changes in accounting policies and accounting estimates in 2013.
1.3 Revenue Recognition The University's operating revenue consists of Australian Government Financial Assistance including Higher Education Funding Act (HEFA), Higher Education Support Act (HESA), Higher Education Contribution Scheme (HECS), Higher Education Loan Programmes (HELP), Australian Research Council grants, ACT Government Financial Assistance, fees and charges, consultancy and contract research, investment income, and sales of goods and services.
The University treats operating grants, research and other income received from Australian Government entities and other funding bodies as income in the year of receipt.
Fees and charges are recognised as income in the year of receipt, except to the extent that fees and charges relate to courses to be held in future periods. Such income is treated as income in advance. Fees and charges relating to debtors are recognised as revenue in the year to which the prescribed course relates.
Interest income is recognised on a time proportionate basis that takes into account the effective yield on the relevant asset.
Dividend income is recognised when a dividend is declared.
Other investment revenue is recognised as it is received, with the exception of unrealised gains and losses which arise from the year end valuation process as described in Note 1.12.
Revenue from sales of goods and services is recognised when the service is delivered or the goods are delivered.
1.4 Gains
Gains from disposal of non-current assets are recognised when control of the asset has passed to the buyer.
1.5 Goods and Services Tax
Revenues, expenses and assets are recognised net of the amount of GST, except where the amount of GST incurred is not recoverable from the Australian Taxation Office (ATO). In these circ*mstances the GST is recognised as part of the cost of acquisition of the asset or as part of the item of expense. Receivables and payables are stated with the amount of GST included. The net amount of GST recoverable from, or payable to, the ATO is included as a current asset or liability in the Statement of Financial Position. Cash flows are included in the Cash Flow Statement on a gross basis. The GST components of cash flows arising from investing and financing activities which are recoverable from, or payable to, the ATO are classified as operating cash flows.
1.6 Income Tax
The University is exempt from income tax under Commonwealth legislation whilst the controlled entities, ANU Enterprise Pty Ltd, ANU Section 68 Pty Ltd, BRU Holdings Pty Ltd and SA2 Holdings Pty Ltd address taxation in the following way:
ANU Enterprise Pty Ltd has self-assessed as complying with the requirements to be regarded as a Charitable Institution for taxation purposes and as such has made no provision for income tax.
ANU Section 68 Pty Ltd, Australian Scientific Instruments Pty Ltd (a subsidiary of ANU Enterprise Pty Ltd), BRU Holdings Pty Ltd, BRU Project Pty Ltd (a subsidiary of BRU Holdings Pty Ltd), SA2 Holdings Pty Ltd and SA2 Project Pty Ltd (a subsidiary of SA2 Holdings Pty Ltd) are not exempt from income tax. The income tax expense for the period is the tax payable on the current period's taxable income based on the notional income tax rate adjusted by changes in deferred tax assets and liabilities attributable to temporary differences between the tax bases of the assets and liabilities and their carrying amounts in the financial statements, and to unused tax losses. Deferred tax assets and liabilities are recognised for temporary differences at the tax rates expected to apply when the assets are recovered or liabilities are settled, based on those tax rates which are enacted. The relevant tax rates are applied to the cumulative amounts of deductible and taxable temporary differences to measure the deferred tax asset or liability.
143 Financial information | Annual Report 2013 Annual Report 2013 | Financial information 142 143
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
1.7 Borrowing Expenses
All borrowing costs are expensed as incurred.
1.8 Research and Development Costs
Expenditure on research activities, undertaken with the prospect of gaining new scientific or technical knowledge and understanding, is recognised in the Income Statement when incurred.
Development activities involve a plan or design for the production of new or substantially improved products or processes. Development expenditure is capitalised only if development costs can be measured reliably, the product or process is technically and commercially feasible, future economic benefits are probable, and the University and/or its related entities intends to and has sufficient resources to complete development and to use or sell the asset. The expenditure capitalised includes the cost of materials, direct labour and overhead costs that are directly attributable to preparing the asset for its intended use. Other development expenditure is recognised in the Income Statement when incurred.
Capitalised development expenditure is measured at cost less accumulated amortisation and accumulated impairment losses.
1.9 Leases
A distinction is made between finance leases and operating leases. Finance leases effectively transfer from the lessor to the lessee substantially all the risks and rewards incidental to ownership of leased non-current assets. An operating lease is a lease that is not a finance lease. In operating leases, the lessor effectively retains substantially all such risks and benefits.
Operating lease payments are expensed on a straight line basis which is representative of the pattern of benefits derived from the leased assets.
1.10 Cash and Cash Equivalents
Cash and cash equivalents includes cash on hand, deposits held at call with financial institutions, other short term, highly liquid investments with original maturities of three months or less, that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value, and bank overdrafts.
1.11 Financial Assets
University Funds are invested in accordance with Section 6(2) of the Australian National University Act 1991 (as amended) using guidelines approved by the Council of the University.
The University classifies its financial assets in the following categories: Financial assets as ‘at fair value through profit or loss’; ‘Available-for-sale’ financial assets; and ‘Loans and receivables’.
They are included in non-current assets unless management intends to dispose of the asset within twelve months of the balance sheet date.
The categorisation of financial assets depends on the nature and purpose of the financial asset and is determined at the time of initial recognition in accordance with AASB 139 Financial Instruments: Recognition and Measurement.
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
1.11 Financial Assets continued
Financial assets are recognised and derecognised upon 'trade date'.
The following classes have been identified by the University in accordance with AASB 7 Financial Instrument Disclosure:
Available-for-sale financial assets Australian cash deposits and short term securities Overseas denominated cash deposits and short term securities Investments - Interest bearing securities Investments - Domestic shares and listed securities Investments - Domestic unlisted securities Investments - Overseas managed funds
Loans and receivables Loans and receivables
Financial assets at fair value through profit or loss Receivables - Derivative instruments
Effective interest method The effective interest method is a method of calculating the amortised cost of a financial asset and of allocating interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset, or, where appropriate, a shorter period. Income is recognised on an effective interest rate basis.
Available-for-sale financial assets Available-for-sale financial assets are non-derivatives that are either designated in this category or not classified in any of the other categories. They are included in non-current assets unless management intends to dispose of the asset within 12 months of the balance date.
Available-for-sale financial assets are initially recognised at fair value plus transaction costs.
Available-for-sale financial assets are recorded at fair value. Gains and losses arising from changes in fair value are recognised directly in the reserves (equity) with the exception of impairment losses. Interest is calculated using the effective interest method and foreign exchange gains and losses on monetary assets are recognised directly in profit or loss. Where the asset is disposed of or is determined to be impaired, part or all of the cumulative gain or loss previously recognised in the reserve is included in profit for the period.
Investments in Available-for-sale equity instruments which do not have a quoted market price in an active market and where fair value cannot be reliably measured are measured at cost.
Financial assets at fair value through profit or loss Financial assets are classified as financial assets at fair value through profit or loss where the financial assets are a derivative that is not designated and effective as a hedging instrument.
Assets in this category are classified as current assets.
Financial assets at fair value through profit or loss are stated at fair value, with any resultant gain or loss recognised in the profit or loss. The net gain or loss recognised in profit or loss incorporates any interest earned on the financial asset.
Loans and receivables Trade receivables, loans and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as 'loans and receivables' and are included in current assets. Loans and receivables with maturities greater than 12 months after the balance sheet date are classified as non-current assets.
Receivables are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method, less any provision for impairment. Trade receivables are due for settlement in no more than 30 days.
145 Financial information | Annual Report 2013 Annual Report 2013 | Financial information 144 145
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
At Acquisition At Revaluation Years Years
Buildings, Dwellings & Infrastructure 40 1 to 79
Plant and Equipment Motor vehicles 7 2 to 30
Computing equipment 5 1 to 17
Research / teaching equipment 7 1 to 44
Supercomputer 3 -
Other 10 1 to 50
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
1.11 Financial Assets continued
Cash flow hedge The University has entered into financial instruments (derivatives) to manage balance sheet interest rate risk. The derivatives held are interest rate swaps. A swap is an agreement to exchange cash flows in the future in accordance with a pre-arranged formula. Interest rate swap contracts generally involve exchange of fixed and floating interest payment obligations without the exchange of underlying principal amounts.
The effective portion of changes in the fair value of derivatives that are designated and qualify as cash flow hedges is recognised in other comprehensive income. The gain or loss relating to the ineffective portion is recognised immediately in the Income Statement within other income or other expense.
Amounts that have been recognised in other comprehensive income are reclassified from equity to profit or loss as a reclassification adjustment in the periods when the hedged item affects profit or loss (for instance when the forecast sale that is hedged takes place). The gain or loss relating to the effective portion of interest rate swaps hedging variable rate borrowings is recognised in the Income Statement within 'finance costs'. The gain or loss relating to the effective portion of forward foreign exchange contracts hedging export sales is recognised in the Income Statement within 'sales'.
When a hedging instrument expires or is sold or terminated, or when a hedge no longer meets the criteria for hedge accounting, any cumulative gain or loss that has been recognised in other comprehensive income from the period when the hedge was effective shall remain separately in equity until the forecast transaction occurs. When a forecast transaction is no longer expected to occur, the cumulative gain or loss that was recognised in other comprehensive income shall be reclassified to profit or loss as a reclassification adjustment.
Derivatives that do not qualify for hedge accounting Certain derivative instruments do not qualify for hedge accounting. Changes in the fair value of any derivative instrument that does not qualify for hedge accounting are recognised immediately in the Income Statement and are included in other income or other expenses.
1.12 Investments - Fair Value of Financial Assets
Investment assets of the University are stated at market value. Market value in relation to investments have been determined as:
-Shares in public companies, stapled securities and convertible notes - the official market quotation bid price as listed by the Australian Stock Exchange at the close of business on 31 December 2013; -Fixed interest securities, such as semi government bonds are calculated from yields provided by UBS Investment Bank Rate Sheet as at 31 December 2013; -Managed investment funds and overseas managed investment funds - unit valuation supplied by the fund management groups as at 31 December 2013; and -Derivative contracts are determined by reference to the spot rate of the relevant currency as at 31 December 2013.
1.13 Property, Plant and Equipment
1.13.1 Asset Recognition Threshold Purchases of property, plant and equipment are recognised initially at cost in the Statement of Financial Position, except for purchases costing less than $5,000, which are expensed in the year of acquisition (other than where they form part of similar items which are significant in total).
1.13.2 Depreciation Depreciable property, plant and equipment assets are written off to their estimated residual value over their estimated remaining useful lives to the University using, in all cases, the straight line method of depreciation. Depreciation of property, plant and equipment commences when the asset is available for use.
Depreciation rates applying to each class of depreciable asset are based on the following useful lives:
Heritage, cultural assets and works of art are assessed as having an indefinite useful life and are not depreciated. The aggregate amount of depreciation allocated for each class of assets during the reporting period is disclosed in Note 12.
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
1.13.3 Valuation
Land as identified in Note 41, has been brought to account. Substantially all of the land in the Australian Capital Territory and the Northern Territory was revalued in 2013. The valuation was completed by independent valuers, the Australian Valuation Office. The valuation was on the basis of Fair Value for financial reporting purposes, in accordance with the requirements of AASB 116 and the Finance Minister's Orders issued by the Department of Finance. These sites are provided free of charge by lease in perpetuity and the resultant valuation increment has been credited directly to the asset revaluation reserve.
Substantially all of the campus buildings and dwellings were revalued in 2012. The valuations were completed by independent valuers, Asset Val Pty Ltd. The Depreciated Replacement Cost approach was used to establish the Market Value for the Existing Use of the properties. The net revaluation increment was credited directly to the asset revaluation reserve. Campus buildings completed subsequent to the valuation are disclosed at cost. These assets are revalued every three years.
The initial costs of developing major administrative systems were initially captured and recognised within plant and equipment and are being amortised. Ongoing maintenance and development costs are expensed as incurred.
Rare library materials, including the Noel Butlin Archives, were revalued in 2013. The basis of the valuation was based on research of recent records of Australian and international sales, purchases and other forms of acquisition. The valuation was completed by an independent qualified valuer, Mr Peter Tinslay.
Works of art were revalued in 2011. The valuation was completed by independent qualified valuers, RHAS Chartered Valuers & Brokers. Works of art purchased subsequent to the valuation are disclosed at cost.
1.13.4 Derecognition and disposal An item of property, plant and equipment is derecognised upon disposal or when no further future economic benefits are expected from its use.
Any gain or loss arising on derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the profit or loss in the year the asset is derecognised.
1.14 Investment Property
Investment property, which is property held to earn rentals and/or for capital appreciation, is measured initially at cost, including transaction costs. Subsequent to initial recognition, investment property is measured at fair value, which is based on active market prices, adjusted, if necessary, for any difference in the nature, location or condition of the property. If this information is not available or appropriate, the valuer uses alternative valuation methods such as recent prices in less active markets, discounted cash flow projections or original cost plus a cost escalation factor. Gains or losses arising from changes in the fair value of investment property are included in the profit or loss in the period in which they arise.
The University revalued its student accommodation investment property as at 31 December 2013 in accordance with the valuation conducted by Blak Box Pty Ltd trading as Knight Frank Valuations Canberra. The valuation assessment is based on the cost approach which considers the cost of actual construction with cost escalation factors applied from the date of construction through to the date of valuation.
The University revalued its commercial office building investment property as at 31 December 2013 in accordance with the valuation conducted by CB Richard Ellis Valuations Pty Limited. The valuation assessment is based on the market approach which considers price per square metre for buildings derived from observable market data in an active and transparent market.
1.15 Intangible Assets
Goodwill in relation to ANU Enterprise Pty Limited, BRU Holdings Pty Limited and SA2 Holdings Pty Limited relates to goodwill arising on the acquisition of a subsidiary and represents the excess of the cost of the investment over the fair value of the net assets acquired at the date of the exchange. Goodwill is measured at cost less accumulated impairment losses. Goodwill is tested for impairment on an annual basis.
Intellectual property developed internally has not been brought to account as it cannot be reliably measured.
1.16 Inventories
Inventories held for resale are valued at the lower of cost or net realisable value. Inventories held for distribution are valued at cost, adjusted for any loss of service potential. Costs are assigned to inventories using last purchase cost including costs incurred in bringing each product to its present location and condition. Equipment being constructed for onsale to third parties is held as work in progress at the cost of construction as at balance date.
147 Financial information | Annual Report 2013 Annual Report 2013 | Financial information 146 147
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
1.17 Impairment of Assets
The University assesses at each reporting date whether there is an indication that an asset may be impaired. If any such indication exists, or when annual impairment testing for an asset is required, the University makes an estimate of the asset's recoverable amount. An asset's recoverable amount is the higher of its fair value less costs of disposal and its value in use and is determined for an individual asset, unless the asset does not generate cash inflows that are largely independent of those from other assets or groups of assets and the asset's value in use cannot be estimated to be close to its fair value. In such cases the asset is tested for impairment as part of the cash-generating unit to which it belongs. When the carrying amount of an asset or cash-generating unit exceeds the recoverable amount, the asset or cash-generating unit is considered impaired and is written down to its recoverable amount.
In assessing value in use, the estimated future cash flows are discounted to their present value using a discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. Impairment losses relating to continuing operations are recognised in the Income Statement in Impairment Loss expense unless the asset is carried at revalued amount (in which case the impairment loss is treated as a revaluation decrease).
1.18 Reversals of Impairment
An assessment is also made at each reporting date as to whether there is any indication that previously recognised impairment losses may no longer exist or may have decreased. If such indication exists, the recoverable amount is estimated. A previously recognised impairment loss is reversed only if there has been a change in the estimates used to determine the asset's recoverable amount since the last impairment loss was recognised. If that is the case the carrying amount of the asset is increased to its recoverable amount.
The increased amount cannot exceed the carrying amount that would have been determined, net of depreciation, had no impairment loss been recognised for the asset in prior years. Such reversal is recognised in the Income Statement unless the asset is carried at revalued amount, in which case the reversal is treated as a revaluation increase. After such a reversal, the depreciation charge is adjusted in future periods to allocate the asset's revised carrying amount, less any residual value, on a systematic basis over the remaining useful life.
An impairment loss recognised for Goodwill cannot be reversed in a subsequent period.
1.19 Financial Liabilities
Suppliers and other payables Trade creditors and accruals are recognised at their nominal amounts, being amounts at which the liabilities will be settled. Liabilities are recognised to the extent that the goods or services have been received.
Other financial liabilities Other financial liabilities, including borrowings, are initially measured at fair value, net of transaction costs. They are subsequently measured at amortised cost using the effective interest method.
1.20 Employee Entitlements
The liability for long service leave is recognised and measured at the present value of the estimated future cash flows to be made in respect of all employees at 31 December 2013. In determining the present value of the liability, probabilities of taking long service leave, attrition rates, and pay increases through promotion and inflation have been taken into account. In accordance with AASB 119 Employee Benefits, the University has adopted the market yields on the longest dated 10 year Commonwealth bonds on issue as at valuation date for the purpose of calculating present values of future cash flows. Accrued long service leave is treated as both a current and a non-current liability.
Liabilities for annual leave are recognised and measured based on staff leave entitlements at reporting date at current pay rates. Accrued annual leave is treated as a current liability.
The provision for annual leave reflects the value of total annual leave entitlements of all employees at 31 December 2013 and is recognised in accordance with AASB 119 Employee Benefits.
No provision has been made for personal leave as all personal leave is non-vesting and the average personal leave taken by employees is less than the annual entitlement for personal leave.
Provision is also made for separation and redundancy payments in circ*mstances where the University has formally identified positions as excess to requirements and a reliable estimate of the amount of the payments can be determined.
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
1.21 Pensions and Other Post-Employment Benefits
The University participates in a defined benefit plan (Commonwealth Superannuation Scheme) which requires contributions to be made to the separately administered fund. The cost of providing benefits under the defined benefit plan is determined separately using the projected unit credit actuarial valuation method. Actuarial gains and losses are recognised in retained earnings, in accordance with AASB119 Employee Benefits and FMOs, Section 44.1.
In addition the University contributes to the Superannuation Scheme for Australian Universities which is a defined benefit plan under Superannuation Law but, as a result of amendments to Clause 34 of UniSuper, a defined contribution plan under Accounting Standard AASB 119.
Details of the Scheme are outlined in Note 42.
1.22 Provisions
Provisions are recognised when the University has a present obligation (legal or constructive) as a result of a past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation.
When the University expects some or all of the provision to be reimbursed, the reimbursem*nt is recognised as a separate asset but only when the reimbursem*nt is virtually certain. The expense relating to any provision is presented in the Income Statement net of any reimbursem*nt.
1.23 Reserves
The University has the following reserves:
Asset revaluation reserves These reserves are used to account for the increases or decreases in the value of assets as a result of valuations.
Increases in the value of reserves are in accordance with valuation of assets policies stated in note 1.13. 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.
Special Reserves These reserves are maintained to cover a range of special purposes:
Building - is maintained by the University, from amounts set aside out of profits primarily from the operation of University Halls of Residences and other trading activities to fund significant and unplanned maintenance requirements.
Equipment and Equipment replacement - is maintained by the University to meet unforseen purchases of significant specialist research equipment.
Self insurance - is maintained by the University to meet the deductible component that may arise in regard to possible future claims under the University’s insurance policies.
1.24 Unrecognised Financial Liabilities
Guarantees, not recognised in the Statement of Financial Positon are disclosed in the Schedule of Contingencies. At the time of completion of the financial statements, there was no reason to believe that these guarantees would be called upon, and recognition of a liability was therefore not required.
1.25 Joint Ventures
Interest in a Jointly Controlled Asset The University has an interest in a joint venture that involves a jointly controlled asset. A joint venture is a contractual arrangement whereby two or more parties undertake an economic activity or use of assets that are subject to joint control. The joint venture involves the use of assets and resources of the venturers rather than establishment of a separate entity. The proportionate interests in the assets of the joint venture have been incorporated in the financial report under the appropriate headings. Details of the interest in the joint venture are set out in note 50.
Interest in Jointly Controlled Entity The University's investments in jointly controlled entities are accounted for using the equity method of accounting.
Under the equity method, the investment in the entity is carried in the Statement of Financial Position at cost plus post-acquisition changes in the University's share of net assets of the entity. After the application of the equity method, the University determines whether it is necessary to recognise any additional impairment loss with respect to the University's net investment in the entity. The Income Statement reflects the University's share of the results of operations of the entity. Details of the interest in the joint venture are set out in note 50.
Interest in Co-operative Research Centres (CRC's) 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 43.
149 Financial information | Annual Report 2013 Annual Report 2013 | Financial information 148 149
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
1.26 Private Sector Participation in the provision of Student Accommodation
The University has entered into two agreements where, under long term lease arrangements of its land, student accommodation facilities (SAF) have been constructed and are owned by subsidiary companies, BRU Holdings Pty Ltd and SA2 Holdings Pty Ltd, and operated by UniLodge Australia Pty Ltd. The University moved to full ownership of BRU Holdings Pty Ltd and SA2 Holdings Pty Ltd on 4 April 2012. Under the terms of the project deeds, ownership in the accommodation complex reverts to the University 40 years after the opening of the SAF's. At this stage the emerging share of the asset is not material. The SAF's provide accommodation to approximately 993 students. The first facility was opened in January 2007 and the second in January 2009.
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
The information provided in this note is only relevant to the University - consolidated figures are not provided.
Notes University
2013 2012
$'000 $'000
(a) Commonwealth Grant Scheme and Other Grants 52.1
Commonwealth Grants Scheme 68,069 70,558
Indigenous Support Programme 661 574
Disability Support Programme 110 67
National Institutes Funding 187,951 180,896
Transitional Cost Program - 85
Higher Education Participation Programme 486 37
Higher Education Partnership Base Funding 324 250
Facilitation Funding 4,480 4,362
Promotion of Excellence in Learning and Teaching 255 180
Reward Funding - 171
Total Australian Government Grants Scheme and Other Grants 262,336 257,180
(b) Higher Education Loan Programs 52.2
HECS - HELP 41,579 36,711
FEE - HELP 22,621 16,845
SA - HELP 1,123 1,057
Total Higher Education Loan Programmes 65,323 54,613
(c) Scholarships 52.3
Australian Postgraduate Awards 13,907 12,265
International Postgraduate Research Scholarships 1,186 1,106
Indigenous Access Scholarships (45) 45
Commonwealth Education Costs Scholarships (472) 366
Commonwealth Accommodation Scholarships (31) 50
Total Scholarships 14,545 13,832
(d) EDUCATION Research 52.4
Commercialisation Training Scheme (555) -
Education Investment Fund - Capital Funding 4,268 18,084
Joint Research Engagement Program 19,697 17,553
JRE Engineering Cadetships 168 80
Research Infrastructure Block Grants 13,551 13,866
Research Training Scheme 35,795 34,037
Sustainable Research Excellence 11,397 11,387
Total DIISRTE - Research Grants 84,321 95,007
(e) Australian Research Council 52.5
(e)(i) Discovery 52.5(a)
Project 32,719 34,895
Fellowships 23,388 24,194
Indigenous Researchers Initiatives 498 339
Early Career Researcher Award 7,162 3,693
Total Discovery 63,767 63,121
(e)(ii) Linkages 52.5(b)
Infrastructure 2,590 6,534
International Researcher Exchange (88) -
Projects 5,990 5,842
Total Linkages 8,492 12,376
2. AUSTRALIAN GOVERNMENT FINANCIAL ASSISTANCE INCLUDING HIGHER EDUCATION FUNDING ACT (HEFA), HIGHER EDUCATION CONTRIBUTION SCHEME (HECS) - HELP AND OTHER AUSTRALIAN GOVERNMENT LOAN PROGRAMMES
151 Financial information | Annual Report 2013 Annual Report 2013 | Financial information 150 151
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
The information provided in this note is only relevant to the University - consolidated figures are not provided.
Notes University
2013 2012
$'000 $'000
(e)(iii) Networks and Centres 52.5(c)
Centres 3,308 3,186
Total Networks and Centres 3,308 3,186
(f) Other Australian Government financial assistance: (f)(i) Non-Capital Agriculture (previously Agriculture, Fisheries and Forestry) 1,072 1,331
Communications (previously Broadband, Communications and the Digital Economy) 1,920 808
Environment (previously Climate Change and Energy Efficiency) 177 1,893
Defence 3,717 3,641
Education (previously Education, Employment and Workplace Relations) 1,734 3,112
Environment (previously Sustainability, Environment, Water, Population and Communities) 14,167 4,921
Social Services (previously Families, Housing, Community Services and Indigenous Affairs) 1,472 2,245
Foreign Affairs and Trade 31,671 24,330
Health (previously Health and Ageing) 23,917 41,016
Industry (previously Innovation, Industry, Science, Research, Tertiary Education and Climate Change) 23,286 40,790
Prime Minister and Cabinet 664 625
Industry (previously Resources, Energy and Tourism) 6,680 4,737
Other 2,622 2,419
(f)(ii) Capital Health (previously Health and Ageing) - 8,000
Industry (previously Innovation, Industry, Science, Research, Tertiary Education and Climate Change) 2,560 21,349
Total Other Australian Government financial assistance 115,659 161,217
Total Australian Government financial assistance 617,751 660,532
Reconciliation Australian Government grants [a+c+d+e+f] 552,428 605,919
HECS-HELP - Australian Government payments 41,579 36,711
Other Australian Government loan programmes [FEE-HELP & SA-HELP] 23,744 17,902
Total Australian Government financial assistance 617,751 660,532
(g) Australian Government Grants received - cash basis: CGS and Other Department of Education Grants 262,336 257,180
Higher Education Loan Programmes 65,323 54,613
Scholarships 14,545 13,832
Department of Education Research 84,321 95,007
ARC Grants 75,567 78,683
Other Australian Government Grants 106,321 153,379
Total Australian Government Grants received - cash basis 608,413 652,694
OS-Help (Net) * 81 (32)
Total Australian Government funding received - cash basis 608,494 652,662
* OS-Help receipts from the Australian Government are not included in the Income Statement.
Capital Funding Capital Funding is defined as non-recurring funding received by the University from Australian Government departments for special projects. Included in Total Australian Government Financial Assistance are the following capital grants:
Health (previously Health and Ageing) - 8,000
Industry (previously Innovation, Industry, Science, Research, Tertiary Education and Climate Change) 6,828 39,433
6,828 47,433
2. AUSTRALIAN GOVERNMENT FINANCIAL ASSISTANCE INCLUDING HIGHER EDUCATION FUNDING ACT (HEFA), HIGHER EDUCATION CONTRIBUTION SCHEME (HECS) - HELP AND OTHER AUSTRALIAN GOVERNMENT LOAN PROGRAMMES continued
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
Notes
2013 2012 2013 2012
$'000 $'000 $'000 $'000
3. STATE GOVERNMENT FINANCIAL ASSISTANCE
ACT Government grants were received by the University during the reporting period:
Non-Capital Contributions 3,010 2,421 3,010 2,421
Total state government financial assistance 3,010 2,421 3,010 2,421
4. FEES AND CHARGES
Fees and charges collected during the reporting period were:
Course fees and charges Continuing education & conferences 6,085 13,355 6,599 8,402
Full fee paying international students 105,276 98,905 106,656 98,905
Full fee paying domestic students 7,870 8,844 7,870 8,844
Total course fees and charges 119,231 121,104 121,125 116,151
Other fees and charges Parking fees 2,480 2,757 2,454 2,442
Rentals and hire facilities 5,733 5,656 5,155 5,182
Land Lease Premium 117 117 117 117
Student accommodation 48,298 46,029 35,944 34,237
Student services fees from students 52.7 3,133 1,698 3,203 1,698
Other student charges and fines 1,270 2,385 (244) 835
Total other fees and charges 61,031 58,642 46,629 44,511
Total fees and charges 180,262 179,746 167,754 160,662
5. INVESTMENT REVENUE
Interest 21,751 28,865 21,264 28,163
Dividends 28,590 28,040 31,618 33,429
Rentals from investment properties 1,596 1,722 1,596 1,722
Direct investment expenditure (405) (804) (405) (804)
Total other investment revenue less direct investment expenditure 51,532 57,823 54,073 62,510
6. CONSULTANCY AND CONTRACTS
Consultancy research 986 1,246 989 1,249
Contract research 48,090 42,817 47,947 43,259
Consultancy non-research 8,909 12,150 1,922 925
Contract non-research 1,170 4,414 1,226 4,414
Total consultancy and contracts 59,155 60,627 52,084 49,847
7. CONSTRUCTION CONTRACT REVENUE
Design and construction 153 699 - -
Total construction and contract revenue 153 699 - -
Consolidated University
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THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
2013 2012 2013 2012
$'000 $'000 $'000 $'000
8. OTHER REVENUE
Sundry income 20,109 9,684 19,448 10,124
Income arising from Joint Ventures and Associates (554) 850 (45) 48
Sales of goods and services 23,181 22,910 16,232 17,277
Workers compensation reimbursem*nts 1,095 895 1,095 895
Scholarships and prizes 866 410 866 410
Donations and bequests 12,665 5,310 12,665 5,310
Total other revenue 57,362 40,059 50,261 34,064
8a. Gain on sale of assets and discontinued operation: On 29 November 2013, the University subsidiary, ANUE completed the sale of the ANU College Division, pursuant to Contracts entered into on 3 February 2013. As a result, the entire business operations were sold. 2013 2012
$'000 $'000
The following table analyses key amounts relating to the discontinued business operations. Revenue 5,986 5,405
Expenses 6,374 6,496
Loss before tax (388) (1,091)
Total Loss on discontinued operations (388) (1,091)
Gain on Disposal of Operation 1,633 -
Total Gain in Discontinued Operations 1,245 (1,091)
The following table summarises the carrying value of the ANU College assets and liabilities that were sold on 29 November 2013. Assets Furniture, Fittings and Computer equipment 142
Fitout 1,200
Receivables 1,460
2,802
Liabilities Employee Entitlements (211)
Trade Payables (94)
Transaction Costs (135)
Prepaid student fees liability (795)
(1,235)
Net Assets disposed of 1,567
Sales Proceeds 3,200
Profit on Sale 1,633
9. OTHER INCOME
Investment income Unrealised investment income Overseas investments 962 679 962 679
Forward foreign exchange contracts 25 (430) 25 (430)
Derivative instrument 6,225 (5,313) - -
Realised investment income Interest bearing securities 2,140 1,766 2,140 1,766
Overseas managed funds 981 272 981 272
Domestic unlisted investments 297 203 297 203
Domestic shares and listed securities 14,039 9,885 14,039 9,885
24,669 7,062 18,444 12,375
Asset impairment reversal 1,821 1,232 1,821 712
Gains/(losses) on revaluation of investment property (1,110) 750 600 316
Total other income 25,380 9,044 20,865 13,403
Consolidated University
Consolidated
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
2013 2012 2013 2012
$'000 $'000 $'000 $'000
10. EMPLOYEES
Academic Salaries 196,166 186,332 196,166 186,332
Superannuation contributions 32,339 30,929 32,339 30,929
Long service leave expense 954 7,581 954 7,581
Annual leave 17,041 16,698 17,041 16,698
Total academic 246,500 241,540 246,500 241,540
Non-Academic Salaries1 196,957 186,432 194,017 181,435
Superannuation contributions 31,444 30,513 31,062 29,915
Long service leave expense 2,667 5,889 2,651 5,849
Annual leave expense 17,682 16,431 17,644 16,518
Total non-academic 248,750 239,265 245,374 233,717
Commonwealth Superannuation Account Pension payments 32,376 31,479 32,376 31,479
Employee superannuation entitlements expense (8,563) (4,436) (8,563) (4,436)
Total commonwealth superannuation account 23,813 27,043 23,813 27,043
Total employee expenses 519,063 507,848 515,687 502,300
1. Non academic staff salaries comprise:
Administrative staff 142,283 136,015 139,343 131,018
Technical staff 28,088 25,347 28,088 25,347
Research officers 16,369 16,037 16,369 16,037
Service staff including security 6,856 6,086 6,856 6,086
Librarians 779 673 779 673
Trade staff 2,582 2,274 2,582 2,274
Total non academic staff salaries 196,957 186,432 194,017 181,435
Consolidated University
During 2013 the University undertook a Voluntary Early Retirement Scheme with formal offers and acceptances to this scheme finalised by 31 December 2013. The majority of staff who participated in the scheme exited the University in 2013. The total cost of termination benefits for the Scheme was $12,400,000.
155 Financial information | Annual Report 2013 Annual Report 2013 | Financial information 154 155
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NOTES continued
Consolidated University
2013 2012 2013 2012
$'000 $'000 $'000 $'000
11. SERVICES
Site maintenance and servicing1 60,090 50,110 57,182 47,825
Consumables, research and training materials 108,035 110,444 101,511 93,734
Employee related expenses 39,585 36,234 39,012 35,727
Travel, conferences and fieldwork 32,785 32,286 32,590 32,197
Project contributions 30,015 36,992 30,341 37,361
Scholarships 60,212 53,761 60,366 55,351
Miscellaneous operating expenses2 17,730 18,040 16,545 16,895
Total cost of services 348,452 337,867 337,547 319,090
1. Site maintenance and servicing includes:
Electricity and gas 17,773 15,210 16,717 14,213
Cleaning expenses 9,346 9,361 9,020 9,052
Rental expenses 2,956 3,057 3,010 3,114
Municipality charges 5,552 3,678 5,507 3,635
Total miscellaneous site expenses 35,627 31,306 34,254 30,014
Building repairs and maintenance 14,053 11,091 12,871 10,045
Grounds maintenance 3,261 1,093 3,261 1,093
Other site maintenance and servicing expenses 7,149 6,620 6,796 6,673
Total maintenance expenses 24,463 18,804 22,928 17,811
Total site maintenance and servicing 60,090 50,110 57,182 47,825
2. Miscellaneous operating expenses includes:
Advertising 3,081 2,961 3,081 2,961
Management fees 4,553 4,694 2,463 2,520
Membership - professional bodies 2,192 3,910 2,162 3,893
Staff development 1,413 1,090 1,388 1,087
Audit expenses, internal and external 1,043 802 967 735
Patent, copyright and royalties 1,889 1,709 1,377 1,215
Legal expenses, settlements 661 824 679 731
Other miscellaneous operating expenses 2,898 2,050 4,428 3,753
Total miscellaneous operating expenses 17,730 18,040 16,545 16,895
12. DEPRECIATION AND AMORTISATION
Property at cost 2,723 12,761 2,612 12,760
Property at valuation 36,094 26,579 35,720 26,253
Plant, equipment and motor vehicles at cost 30,613 27,927 30,433 27,542
Plant, equipment and motor vehicles at deemed cost 2,195 2,630 2,195 2,630
Leasehold improvements 441 744 441 744
Licence agreement 23 22 23 22
Total depreciation and amortisation 72,089 70,663 71,424 69,951
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
Consolidated University
2013 2012 2013 2012
$'000 $'000 $'000 $'000
13. WRITE-DOWN AND IMPAIRMENT OF ASSETS
Impairment losses - financial instruments Interest bearing securities 1,336 - 1,336 -
Domestic shares and listed securities 9,418 9,995 9,418 9,995
Domestic unlisted investments 4,226 4,851 4,226 4,851
Overseas unlisted investments - 7,709 - 7,709
Equity accounted associates 2,520 2,657 2,514 -
Overseas managed funds - 1,306 - 1,306
17,500 26,518 17,494 23,861
Expenses arising from Joint Ventures and Associates 1,961 373 1,961 (90)
Impairment losses - intangibles - 171 - -
Allowance for doubtful debts 3,152 72 3,152 72
Bad debts expense 391 297 385 270
Total write-down and impairment losses 23,004 27,431 22,992 24,113
14. FINANCE COST
Borrowing cost expense - interest on loans 11,815 18,390 7,773 13,207
Borrowing cost expense - interest on swaps 5,528 3,305 2,856 1,776
Total borrowing cost expense 17,343 21,695 10,629 14,983
Interest rate swap
15. LOSSES ON DISPOSAL OF ASSETS
Loss on disposal of property, plant, equipment and motor vehicles 18 2,196 18 2,196
Gain on disposal of property, plant, equipment and motor vehicles (184) (192) (184) (192)
Net losses/(gains) on disposal of assets (166) 2,004 (166) 2,004
16. CONSTRUCTION EXPENSES
Design and construction 43 74 - -
Other - 73 - -
Total construction expenses 43 147 - -
17. INCOME TAX BENEFIT/(EXPENSE)
Recognised in the Income Statement Current tax income/(expense) Current year (346) 2,162 - -
Adjustment from prior year (1) (4) - -
Deferred tax expense/(income) - (261) - -
Recognition of previously unrecognised tax losses 229 - - -
Origination and reversal of temporary differences (2,243) 140 - -
Total income tax benefit/(expense) (2,361) 2,037 - -
The Consolidated Entity has interest rate swaps in place for 100% of its interest bearing debt facility. The University's and BRU Holdings Pty Ltd's swaps have effectively fixed the interest rate payable on the debt facility at 7.33% and 7.22% per annum respectively. SA2 Holdings Pty Ltd's swap has exchanged the nominal debt payments (principal and interest) for a fixed payment which increases with CPI, resulting in a debt profile which reflects an indexed annuity bond.
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NOTES continued
Consolidated University
2013 2012 2013 2012
$'000 $'000 $'000 $'000
18. CASH AND CASH EQUIVALENTS
Cash on hand 34 33 34 33
Cash at bank 45,776 22,553 39,360 15,078
Deposits at call 109,940 112,665 102,445 106,935
155,750 135,251 141,839 122,046
18.(a) Cash on hand
This is non-interest bearing.
18.(b) Cash at Bank
Cash held at banks is held in interest bearing accounts with rates between 0.0% and 3% (2012 - 0.025% and 3% ). These deposits are at call.
18.(c) Deposits at call
The deposits are bearing floating interest rates between 2.75% and 3.75% (2012 - 3.25% and 4.80% ). These deposits have an average maturity of 88 days.
19. LOANS AND RECEIVABLES
Current receivables: Goods and services 37,421 42,292 35,704 37,397
Less: Allowance for doubtful debts (5,289) (2,393) (5,280) (2,128)
32,132 39,899 30,424 35,269
Income due 7,933 7,229 9,314 7,229
Interest receivable 3,856 5,681 3,780 5,610
GST receivable 1,091 2,007 954 1,924
Loans 100 100 100 100
Restricted Cash 3,134 - - -
Other 65 60 - -
Total current receivables 48,311 54,976 44,572 50,132
Non-current receivables: Loans 600 700 600 700
Loans to related party1 - - 22,529 22,529
Total non-current receivables 600 700 23,129 23,229
Total receivables 48,911 55,676 67,701 73,361
Check!
1. Refer to Note 38 - Related Parties
Ageing of receivables (gross):
Not overdue 35,071 36,445 55,554 58,974
Less than 30 days overdue 4,960 9,619 3,640 5,877
30 to 60 days overdue 6,105 6,336 5,872 6,150
61 to 90 days overdue 1,566 1,104 1,438 748
More than 90 days 6,498 4,565 6,477 3,740
54,200 58,069 72,981 75,489
Ageing of allowance for doubtful debts
Not overdue 9 11 7 11
Less than 30 days overdue 7 50 7 23
30 to 60 days overdue 167 250 167 250
61 to 90 days overdue 307 107 307 107
More than 90 days 4,799 1,975 4,792 1,737
5,289 2,393 5,280 2,128
Reconciliation of allowance for doubtful debts:
Opening balance 1 January 2,393 2,056 2,128 2,056
Increase/(decrease) recognised in net surplus 2,896 337 3,152 72
Closing balance 31 December 5,289 2,393 5,280 2,128
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
Consolidated University
2013 2012 2013 2012
$'000 $'000 $'000 $'000
20. INVESTMENTS
Current investments:
Listed securities: Interest bearing securities 6,454 9,211 6,454 9,008
Total listed securities 6,454 9,211 6,454 9,008
Unlisted securities: Domestic interest bearing securities 155,887 172,055 155,887 169,239
Overseas interest bearing securities 3,260 - 3,260 -
Total unlisted securities 159,147 172,055 159,147 169,239
Total current investments 165,601 181,266 165,601 178,247
Non-current investments:
Listed securities: Domestic shares and listed securities 382,201 325,963 382,201 325,963
Interest bearing securities 55,409 56,643 55,409 56,643
Total listed securities 437,610 382,606 437,610 382,606
Unlisted securities: Interest bearing securities 130,999 150,100 130,999 150,100
Overseas managed funds 153,601 92,068 153,601 92,068
Domestic unlisted investments 114,149 101,623 111,595 100,724
Interests in related parties - - 15,175 15,175
Total unlisted securities 398,749 343,791 411,370 358,067
Total non-current investments 836,359 726,397 848,980 740,673
Total investments 1,001,960 907,663 1,014,581 918,920
20(a) Restricted Funds
20(b) Investment in Giant Magellan Telescope
21. INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD
Investments in associates 14,290 15,268 15,851 14,658
Investments in jointly controlled entities - 1,048 88 2,492
Total Carrying Value Investments 14,290 16,316 15,939 17,150
Reconciliation
Balance at 1 January 16,316 17,644
Share of profit/(loss) for the year 1,367 273
Additions - 1,056
Impairments - (2,657)
Share of Comprehensive Income for the Year (465) -
Dividends & Distributions (2,928) -
Balance at 31 December 14,290 16,316
The University holds investments arising from donations and bequests from donors for the purpose of funding scholarships, prizes, foundations and endowments in general. As at 31 December 2013, the University held $241,817,634 (2012 $206,469,869) in restricted funds.
The University has provided for an investment of $23.5 million to date ($23.5 million in 2012) in the Giant Magellan Telescope project. Funding for this project is provided by the Commonwealth Government under the Education Investment Fund program. Total agreed funding over the life of the project is $88.4 million with $65.0 million of this representing the University's $32.5 million and Astronomy Australia Limited's $32.5m investment in the Giant Magellan Telescope Organisation Corporation (registered in Pasadena, California) which will construct the Giant Magellan Telescope in Chile. The University, along with Astronomy Australia Limited and seven international universities have signed a Founders Agreement to undertake the construction of the project. The funds invested by the University will provide an entitlement to viewing time on the telescope once the facility is finally constructed and available for use. This is currently expected to be in 2020. The investment made by the University to date has been fully impaired as the recoverability of future economic benefits is not considered probable at this point in time. Impairment of this investment is recognised in Note 13 (Overseas unlisted investments). The project is currently in the design/development phase and commencement of construction is dependent on engineering stage and financial milestones being achieved.
159 Financial information | Annual Report 2013 Annual Report 2013 | Financial information 158 159
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
Consolidated University
2013 2012 2013 2012
$'000 $'000 $'000 $'000
22. OTHER FINANCIAL ASSETS AND LIABILITIES
Other Financial Liabilities
Non current liability: Interest rate swap contract 31,769 45,980 8,734 12,649
Total other financial liabilities 31,769 45,980 8,734 12,649
Interest rate swap
23. LAND, BUILDINGS AND INFRASTRUCTURE, PLANT AND EQUIPMENT
Land, Buildings and Infrastructure Buildings under construction 49,305 84,253 49,304 84,253
Site infrastructure at cost 1,935 - 1,935 -
Accumulated depreciation (23) - (23) -
Campus buildings at cost 144,330 59,168 144,330 59,168
Accumulated depreciation (3,768) (1,179) (3,768) (1,179)
Land, buildings and infrastructure at cost 142,474 57,989 142,474 57,989
Site infrastructure at valuation 77,743 77,743 77,743 77,743
Accumulated depreciation (1,739) - (1,739) -
Land at valuation 95,420 81,331 94,620 80,531
Dwellings at valuation 13,683 13,683 13,683 13,683
Accumulated depreciation (335) - (335) -
Campus buildings at valuation 1,375,687 1,375,245 1,364,487 1,364,495
Accumulated depreciation (31,777) (132) (31,777) (132)
Land, buildings and infrastructure at valuation 51 1,528,682 1,547,870 1,516,682 1,536,320
Crown Lease at valuation 10,500 12,000 10,500 12,000
Accumulated amortisation - (4,000) - (4,000)
Amortised crown lease 51 10,500 8,000 10,500 8,000
Leasehold improvements at valuation 3,090 3,090 3,090 3,090
Accumulated depreciation (441) - (441) -
Leasehold improvements at valuation 51 2,649 3,090 2,649 3,090
Total land, buildings and infrastructure 1,733,610 1,701,202 1,721,609 1,689,652
Plant and Equipment Plant and equipment under construction 6,147 23,392 6,147 23,392
Plant, equipment and motor vehicles at cost 281,283 233,272 278,632 230,302
Accumulated depreciation (161,318) (133,054) (159,514) (131,305)
Plant, equipment and motor vehicles at deemed cost 49,161 50,834 49,161 50,834
Accumulated depreciation (40,345) (39,672) (40,345) (39,672)
128,781 111,380 127,934 110,159
Works of art at cost 761 268 761 268
Works of art at valuation 51 19,960 33,220 19,960 33,220
20,721 33,488 20,721 33,488
Rare library materials at valuation 51 29,445 11,842 29,445 11,842
29,445 11,842 29,445 11,842
Total plant and equipment 185,094 180,102 184,247 178,881
Total land, buildings and infrastructure, plant and equipment 1,918,704 1,881,304 1,905,856 1,868,533
Refer to Note 1 for basis of asset threshold recognition, depreciation, valuation and de-recognition and disposal.
The Consolidated Entity has interest rate swaps in place for 100% of its interest bearing debt facility. The University's and BRU Holdings Pty Ltd's swaps have effectively fixed the interest rate payable on the debt facility at 7.33% and 7.22% per annum respectively. SA2 Holdings Pty Ltd's swap has exchanged the nominal debt payments (principal and interest) for a fixed payment which increases with CPI, resulting in a debt profile which reflects an indexed annuity bond.
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
23. LAND, BUILDINGS AND INFRASTRUCTURE, PLANT AND EQUIPMENT continued
Table A: Reconciliation of the opening and closing balances of land, buildings and infrastructure, plant and equipment (Consolidated only)
Land $'000
Buildings $'000
Infrastructure & Crown Lease $'000
Total land, buildings and infrastructure $'000
Plant and equipment $'000
Total $'000
Gross value As at 1 January 2013 81,331 1,535,439 89,743 1,706,513 352,828 2,059,341
Additions - 50,494 1,935 52,429 37,663 90,093
Revaluations 14,089 1,582 (1,500) 14,171 4,346 18,517
Disposals - (1,420) - (1,420) (8,081) (9,501)
As at 31 December 2013 95,420 1,586,095 90,178 1,771,694 386,756 2,158,451
Rounding Error Rounding Error Rounding Error
Accumulated depreciation / amortisation As at 1 January 2013 - 1,311 4,000 5,311 172,726 178,037
Charge for the reporting period - 35,361 3,762 39,123 32,943 72,066
Disposals - - - - (4,007) (4,007)
Revaluations - (350) (6,000) (6,350) - (6,350)
As at 31 December 2013 - 36,322 1,762 38,084 201,662 239,746
Rounding Error Rounding Error Rounding Error
Net book value as at 31 December 2013 95,420 1,549,774 88,416 1,733,610 185,094 1,918,704
Net book value as at 1 January 2013 81,331 1,534,128 85,743 1,701,202 180,102 1,881,304
Table B: Reconciliation of the opening and closing balances of land, buildings and infrastructure, plant and equipment (University only)
Item
Land $'000
Buildings $'000
Infrastructure & Crown Lease $'000
Total land, buildings and infrastructure $'000
Plant and equipment $'000
Total $'000
Gross value As at 1 January 2013 80,531 1,524,689 89,743 1,694,963 349,859 2,044,822
Additions - 50,426 1,935 52,361 37,579 89,940
Revaluations 14,089 - (1,500) 12,589 4,346 16,935
Disposals - (220) - (220) (7,678) (7,898)
As at 31 December 2013 94,620 1,574,895 90,178 1,759,693 384,106 2,143,799
Rounding Error Rounding Error Rounding Error
Accumulated depreciation / amortisation As at 1 January 2013 - 1,311 4,000 5,311 170,978 176,289
Charge for the reporting period - 35,011 3,762 38,773 32,628 71,401
Disposals - - - - (3,747) (3,747)
Revaluations - - (6,000) (6,000) - (6,000)
As at 31 December 2013 - 36,322 1,762 38,084 199,859 237,943
Rounding Error Rounding Error Rounding Error
Net book value as at 31 December 2013 94,620 1,538,573 88,416 1,721,609 184,247 1,905,856
Net book value as at 1 January 2013 80,531 1,523,378 85,744 1,689,653 178,881 1,868,533
161 Financial information | Annual Report 2013 Annual Report 2013 | Financial information 160 161
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
23. LAND, BUILDINGS AND INFRASTRUCTURE, PLANT AND EQUIPMENT continued
Table C: Reconciliation of the opening and closing balances of land, buildings and infrastructure, plant and equipment at valuation (Consolidated only)
Item
Land $'000
Buildings $'000
Infrastructure & Crown Lease $'000
Total land, buildings and infrastructure $'000
Plant and equipment $'000
Total $'000
Gross value As at 1 January 2013 81,331 1,388,928 89,743 1,560,002 45,062 1,605,064
Additions - 3,150 - 3,150 3,150
Revaluations 14,089 1,582 (1,500) 14,171 4,343 18,514
Disposals - (1,200) - (1,200) (1,200)
As at 31 December 2013 95,420 1,392,460 88,243 1,576,123 49,405 1,625,528
Rounding Error Rounding Error Rounding Error
Accumulated depreciation / amortisation As at 1 January 2013 - 132 4,000 4,132 - 4,132
Charge for the reporting period - 32,771 3,739 36,510 - 36,510
Revaluations - (350) (6,000) (6,350) - (6,350)
As at 31 December 2013 - 32,553 1,739 34,292 - 34,292
Rounding Error Rounding Error Rounding Error
Net book value as at 31 December 2013 95,420 1,359,907 86,504 1,541,831 49,405 1,591,236
Net book value as at Rounding Error Rounding Error Rounding Error
1 January 2013 81,331 1,388,796 85,743 1,555,870 45,062 1,600,932
Table D: Assets under construction (Consolidated only)
Item
Land $'000
Buildings $'000
Infrastructure & Crown Lease $'000
Total land, buildings and infrastructure $'000
Plant and equipment $'000
Total $'000
As at 31 December 2013 Gross value - 49,305 - 49,305 6,147 55,452
Net book value - 49,305 - 49,305 6,147 55,452
As at 31 December 2012 Gross value - 84,253 - 84,253 23,392 107,645
Net book value - 84,253 - 84,253 23,392 107,645
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
Consolidated University
2013 2012 2013 2012
$'000 $'000 $'000 $'000
24. INVESTMENT PROPERTY
Properties at fair value 127,149 128,258 19,200 18,600
127,149 128,258 19,200 18,600
Table A: Reconciliation of the opening and closing balances of investment property
Balance as at 1 January 2013 128,258 127,475 18,600 18,250
Net gain/(loss) from fair value adjustment (1,109) 783 600 350
Balance as at 31 December 2013 127,149 128,258 19,200 18,600
The consolidated entity: Rental and student accommodation income from the investment properties was $22,449,495 in 2013 (2012 - $19,124,415); and Operating expenses before finance costs in relation to these properties were $2,010,257.06 in 2013 (2012 - $2,157,521).
No indicators of impairment were found for investment properties.
25. INTANGIBLES
Non-current assets: Goodwill on acquisition 29,213 29,213 - -
Instrument development costs - 140 - -
Impairment of development costs - (140) - -
Total non-current assets 29,213 29,213 - -
Table A: Reconciliation of the opening and closing balances of intangibles
Balance as at 1 January 2013 29,213 29,403 - -
Addition of intangibles - 31 - -
Impairment recognised in the operating result - (171) - -
Unadjusted difference in prior year - 55 - -
Allocations made during period - (105) - -
Balance as at 31 December 2013 29,213 29,213 - -
26. INVENTORIES
Inventory held for sale 323 393 325 378
Consumables in store 606 680 606 680
WIP equipment for sale 2,308 935 717 255
3,237 2,008 1,648 1,313
27. OTHER NON-FINANCIAL ASSETS
Current assets: Advance payments and prepaid expenditure 27,198 23,039 26,828 22,860
Licence Agreement 255 232 255 232
Amortisation of Licence Agreement (232) (209) (232) (209)
Deferred tax asset 8,405 11,624 - -
Total current assets 35,626 34,686 26,851 22,883
Non-current assets: Licence Agreement 184 207 184 207
Total non-current assets 184 207 184 207
Total other non-financial assets 35,810 34,893 27,035 23,090
No indicators of impairment were found for other non-financial assets.
163 Financial information | Annual Report 2013 Annual Report 2013 | Financial information 162 163
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
Consolidated University
2013 2012 2013 2012
$'000 $'000 $'000 $'000
28. SUPPLIERS
Current liability: Suppliers 49,046 50,288 45,698 46,140
Total current liabilities 49,046 50,288 45,698 46,140
Total payables to suppliers 49,046 50,288 45,698 46,140
Supplier payables are current. Settlement is usually made within supplier terms of trade which is net 30 days.
29. OTHER PAYABLES
Other current payables: Income in advance 34,448 26,171 34,625 22,240
Other creditors 4,950 7,396 4,377 7,049
Income tax expense 357 (14) - -
Construction project liability 732 3,170 - -
Provision for warranty 93 172 - -
Provision for research and development - 31 - -
Incomplete project revenue 315 279 - -
Total other current payables 40,895 37,205 39,002 29,289
Total other payables 40,895 37,205 39,002 29,289
30. INTEREST BEARING LIABILITIES
Current liability: Bank loans 6,383 5,984 5,250 5,000
Indexed Annuity Bonds 1,908 1,452 1,908 1,452
Total current liabilities 8,291 7,436 7,158 6,452
Non-current liability: Bank loans 186,896 193,279 87,250 92,500
Indexed Annuity Bonds 96,960 99,605 96,960 99,605
Total non-current liabilities 283,856 292,884 184,210 192,105
Total loans 292,147 300,320 191,368 198,557
31. EMPLOYEE BENEFITS
Current liability: Accrued salary and related expenses 33,911 18,910 33,911 18,910
Superannuation levy 2,185 1,933 2,185 1,933
Employee redundancy and early retirement scheme - 116 - 116
Employee superannuation entitlements 33,345 32,776 33,345 32,776
Annual Leave entitlements 47,276 46,971 46,985 46,494
Long Service Leave entitlements 53,529 61,394 53,309 61,133
Total current liability 170,246 162,100 169,735 161,362
Non-current liability: Employee superannuation entitlements 584,741 676,333 584,741 676,333
Long Service Leave entitlements 15,506 17,744 15,484 17,662
Total non-current liability 600,247 694,077 600,225 693,995
Total provisions and payables to employees 770,493 856,177 769,960 855,357
Annual leave entitlement while identified as a current liability is classified as short term benefit ($33,993,000) and long term benefit ($13,283,000). The long term benefit is identified at nominal value.
The University has issued unsecured Indexed Annuity Bonds in October 2004 with a maturity of 25 years. The loan is repayable by quarterly instalments of principal and interest that are indexed in alignment with the Australian Consumer Price Index (CPI). The real yield payable on the Bonds is 3.235% with an effective CPI base of 30 June 2004. The carrying amount of the borrowings are denominated in Australian dollars.
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
Consolidated University
2013 2012 2013 2012
$'000 $'000 $'000 $'000
32. RESERVES
Asset Revaluation Surplus: Asset revaluation - Property 863,285 859,400 855,526 853,573
Asset revaluation - Plant & Equipment 15,347 28,603 15,347 28,603
Asset revaluation - Investments 203,138 93,418 202,188 92,266
Asset revaluation - Crown Lease 19,501 15,001 19,501 15,001
Asset revaluation - Rare Library Materials 26,862 9,260 26,861 9,260
Asset revaluation - Cashflow Hedge Reserve (12,878) (19,644) (8,733) (12,649)
Total asset revaluation surplus 1,115,255 986,038 1,110,690 986,054
Special Reserves: Building 19,067 18,162 19,067 18,162
Equipment 16,087 18,364 16,089 18,364
Self insurance 7,089 7,278 7,089 7,278
Total special reserves 42,243 43,804 42,245 43,804
Total reserves 1,157,498 1,029,842 1,152,935 1,029,858
Summary of movements in reserves during the year ended 31 December 2013
Balance at beginning of year 1,029,841 877,910 1,029,857 876,331
Transfer (to)/from income (9,088) (1,159) (9,088) (1,159)
Increments/(decrements) on revaluation 150,441 149,425 145,862 151,020
Transfer (to)/from retained surpluses (13,696) 3,666 (13,696) 3,666
Balance at end of year 1,157,498 1,029,842 1,152,935 1,029,858
Movements in reserves
Asset revaluation - Property Balance at beginning of year 859,400 751,248 853,573 745,983
Transfer (to)/from income - 225 - 225
Transfers to retained surpluses (12,136) - (12,136) -
Increments/(decrements) on revaluation of Land 14,089 - 14,089 -
Buildings 1,932 107,927 - 107,365
Balance at end of year 863,285 859,400 855,526 853,573
Asset revaluation - Artwork Balance at beginning of year 28,603 28,628 28,603 28,628
Transfer to/from another reserve (13,256) - (13,256) -
Increments/(decrements) on revaluation - (25) - (25)
Balance at end of year 15,347 28,603 15,347 28,603
Asset revaluation - Investments Balance at beginning of year 93,418 46,721 92,265 45,921
Transfer (to)/from income (9,088) (1,384) (9,088) (1,384)
Increments/(decrements) on revaluation 118,808 48,081 119,011 47,729
Balance at end of year 203,138 93,418 202,188 92,266
165 Financial information | Annual Report 2013 Annual Report 2013 | Financial information 164 165
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
Consolidated University
2013 2012 2013 2012
$'000 $'000 $'000 $'000
32. RESERVES continued
Asset revaluation - Crown Lease Balance at beginning of year 15,001 15,001 15,001 15,001
Increments on revaluation 4,500 - 4,500 -
Balance at end of year 19,501 15,001 19,501 15,001
Asset revaluation - Rare Library Materials Balance at beginning of year 9,260 9,245 9,259 9,245
Transfer to/from another reserve 13,256 - 13,256 -
Increments on revaluation 4,346 15 4,346 15
Balance at end of year 26,862 9,260 26,861 9,259
Cash Flow Hedge Balance at beginning of year (19,644) (13,071) (12,649) (8,585)
Increments/(decrements) on revaluation 6,766 (6,573) 3,916 (4,064)
Balance at the end of year (12,878) (19,644) (8,733) (12,649)
Special Reserve - Building Balance at beginning of year 18,162 17,047 18,162 17,047
Transfer from retained surpluses (8,795) (4,354) (8,795) (4,354)
Transfer to retained surpluses 9,700 5,469 9,700 5,469
Balance at end of year 19,067 18,162 19,067 18,162
Special Reserve - Equipment Balance at beginning of year 18,364 15,773 18,366 15,773
Transfer from retained surpluses (6,066) (1,652) (6,066) (1,652)
Transfer to retained surpluses 3,789 4,243 3,789 4,243
Balance at end of year 16,087 18,364 16,089 18,364
Special Reserve - Self insurance of dwellings and buildings Balance at beginning of year 7,277 7,318 7,277 7,318
Transfer from retained surpluses (257) (378) (257) (378)
Transfer to retained surpluses 69 338 69 338
Balance at end of year 7,089 7,277 7,089 7,277
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
Consolidated University
2013 2012 2013 2012
$'000 $'000 $'000 $'000
33. RECONCILIATION OF OPERATING RESULT TO NET CASH FLOWS FROM OPERATIONS
Reported net operating surplus/(deficit) from ordinary activities 25,374 56,755 19,398 62,420
Depreciation and amortisation of property, plant and equipment 72,089 70,663 71,424 69,951
Impairment losses 23,879 26,788 23,879 24,131
Net loss on disposal of assets (166) 2,006 (166) 2,004
Net (gain) on revaluation of investment property 1,110 (750) (600) (316)
Net (gain) on asset impairment reversal (1,821) (712) (1,821) (712)
Expenses arising from joint venture interests 1,987 (477) 1,471 (138)
Provision for doubtful debts 3,152 72 3,152 72
Provision for income tax - (14) - -
Expenditure from life cycle reserve - 58 - -
Interest earned on life cycle and ramp up reserve balances (53) (77) - -
Unrealised (gain)/loss on investments (987) 5,064 (987) (249)
Realised (gain)/loss on investment sales (18,603) (12,127) (17,358) (12,127)
(Increase)/decrease in operating assets Receivables (9,875) (3,329) (13,125) (3,328)
Advance payments and prepaid expenditure (2,733) (4,924) (2,541) (4,865)
Inventories (1,229) 1,543 (333) (395)
Other 1,990 (2,406) - -
Increase/(decrease) in operating liabilities
Provision for employee entitlements 5,339 6,806 5,626 6,853
Employee related liabilities (4,127) 1,478 (4,127) 1,478
Trade creditors (1,434) 5,230 (442) 5,717
Other provisions and payables (2,797) 5,386 8,332 4,715
Net cash flows from operating activities 91,097 157,033 91,782 155,211
34. CONTINGENT ASSETS
ANU ENTERPRISE PTY LIMITED Deferred payment from sale of ANU College business 1,000 - - -
1,000 - - -
167 Financial information | Annual Report 2013 Annual Report 2013 | Financial information 166 167
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
35. CONTINGENT LIABILITIES
The following guarantees have been provided:
2013 2012 2013 2012
Guarantee Purpose $'000 $'000 $'000 $'000
ANZ Bank To support financing arrangements entered into 8,915 8,915 8,915 8,915
by Burgmann College for building development
Service One To support financing arrangements entered 1 3 1 3
Members Bank into by needy students
Land Development To support financing arrangements entered into by 647 647 647 647
Agency the University for the development of Block 6
Section 21 Division of City in the ACT
National Bank To support export projects 5,704 6,273 - -
15,267 15,838 9,563 9,565
36. REMUNERATION OF AUDITORS
Remuneration to the Auditor-General for auditing the financial statements for the reporting period1 343,400 331,900 240,600 234,000
Total remuneration paid to the Auditor-General 343,400 331,900 240,600 234,000
1. Amounts shown exclude GST paid on these services. No other services were provided by the Auditor-General during the reporting period.
37. DIRECTORS' REMUNERATION
Consolidated University
2013 2012 2013 2012
Number Number Number Number
Less than $180,000 7 7 - -
7 7 - -
143,593 154,259 - -
Employees of the University who are members of Council do not receive remuneration for Council service.
38. RELATED PARTY DISCLOSURES
Consolidated University
2013 2012 2013 2012
$ $ $ $
$'000 $'000 $'000 $'000
Value of services (provided to)/purchased from subsidiary entities - - (2,325) (1,901)
Dividends (received from)/paid to Section 68 - - (250) (3,500)
Loan to Subsidiaries BRU Holdings Pty Ltd - - 8,600 8,600
SA2 Holdings Pty Ltd - - 13,929 13,929
Interest revenue included in operating result from loans to subsidiary companies - - 2,778 1,889
The University enters into a number of transactions for the provision of goods and services under normal commercial terms and conditions with student organisations based on campus.
Consolidated
The University is currently involved in a number of legal matters. The liability of the University in respect of these matters cannot be reliably estimated at this time.
University
Total remuneration received or due and receivable by Directors of the Consolidated Entity
THE AUSTRALIAN NATIONAL UNIVERSITY NOTES continued
39. REMUNERATION OF EXECUTIVE OFFICERS
Table A: Actual remuneration expensed during the reporting period
2013 2012 2013 2012
$'000 $'000 $'000 $'000
Short-term employee benefits Salary 8,772 8,450 7,890 7,824
Performance bonus 115 50 - 5
Other Allowances 222 184 219 181
Total short-term employee benefits 9,109 8,684 8,109 8,010
Post-employment benefits Superannuation 1,382 1,325 1,291 1,255
Total post-employment benefits 1,382 1,325 1,291 1,255
Other long-term benefits Annual leave accrued 653 606 601 568
Long service leave 195 185 195 185
Total other long-term benefits 848 790 796 753
Termination benefits - 764 - 764
11,339 11,564 10,196 10,783
1. Table A is prepared on an accrual basis 2. Table A excludes acting arrangements and part-year service where total remuneration expensed for a senior executive was less than $180,000. 3. Annual leave accrued is categorised in a long-term benefit according to AASB 119 and AASB 2011-10.
Consolidated University
169 Financial information | Annual Report 2013 Annual Report 2013 | Financial information 168 169
THE AUSTRALIAN NATIONAL UNIVERSITY NOTES continued
39. REMUNERATION OF EXECUTIVE OFFICERS continued
Table B- Average Annual Remuneration Packages for Substantive Senior Executives as at 31 December 2013
Average Reportable Remuneration
1
Senior Executives No.
Reportable Salary
2
Contributed Superannuation
3
Reportable Allowances
4
Bonus Paid
5
Total
Senior Executives No.
Reportable Salary
2
Contributed Superannuation
3
Reportable Allowances
4
Bonus Paid
5
Total
8 132,702 19,429 186 - 152,317 7 128,318 20,092 212 - 148,622
$180,000 - $209,999 2 165,131 22,653 -146 - 187,638 1 168,856 27,498 -2,784 - 193,570
$210,000 - $239,999 5 176,704 26,057 7,520 17,400 227,681 3 182,850 30,866 12,533 - 226,249
$240,000 - $269,999 1 219,488 35,919 - - 255,407 1 219,488 35,919 - - 255,407
$270,000 - $299,999 5 236,658 36,195 2,015 5,505 280,373 4 240,254 40,178 2,519 - 282,951
$300,000 - $329,999 10 271,783 42,377 3,603 - 317,763 10 271,783 42,377 3,603 - 317,763
$330,000 - $359,999 2 284,223 47,153 9,616 - 340,992 2 284,223 47,153 9,616 - 340,992
$360,000 - $389,999 1 302,490 54,080 25,381 - 381,951 1 302,490 54,080 25,381 - 381,951
$450,000 - $479,999 2 364,103 61,693 34,888 - 460,684 2 364,103 61,693 34,888 - 460,684
$510,000 - $539,999 1 417,654 70,880 21,930 - 510,464 1 417,654 70,880 21,930 - 510,464
$840,000 - $869,999 1 741,366 122,521 - - 863,887 1 741,366 122,521 - - 863,887
Total 38 3,312,302 538,957 104,993 22,905 3,979,157 33 3,321,385 553,257 107,898 - 3,982,540
Table B- Average Annual Remuneration Packages for Substantive Senior Executives as at 31 December 2012
Average Reportable Remuneration
1
Senior Executives No.
Reportable Salary
2
Contributed Superannuation
3
Reportable Allowances
4
Bonus Paid
5
Total
Senior Executives No.
Reportable Salary
2
Contributed Superannuation
3
Reportable Allowances
4
Bonus Paid
5
Total
16 123,018 17,910 1,134 1,875 143,938 13 119,473 18,546 1,165 - 139,183
$180,000 - $209,999 6 162,226 26,045 6,854 833 195,959 6 162,226 26,045 6,854 833 195,959
$210,000 - $239,999 3 191,314 29,718 897 - 221,930 3 191,314 29,718 897 - 221,930
$240,000 - $269,999 4 219,162 34,550 61 3,750 257,523 3 221,999 37,978 82 - 260,059
$270,000 - $299,999 5 242,578 36,599 3,071 - 282,249 5 242,578 36,599 3,071 - 282,249
$300,000 - $329,999 5 269,953 39,918 - - 309,871 5 269,953 39,918 - - 309,871
$330,000 - $359,999 2 285,421 48,522 10,882 - 344,824 2 285,421 48,522 10,882 - 344,824
$360,000 - $389,999 2 305,989 46,515 22,630 - 375,133 2 305,989 46,515 22,630 - 375,133
$420,000 - $449,999 1 343,339 58,211 39,911 - 441,460 1 343,339 58,211 39,911 - 441,460
$450,000 - $479,999 1 408,842 61,987 - - 470,829 1 408,842 61,987 - - 470,829
$810,000 - $839,999 1 713,301 116,742 - - 830,043 1 713,301 116,742 - - 830,043
Total 46 3,265,143 516,717 85,440 6,458 3,873,759 42 3,264,434 520,781 85,491 833 3,871,540
Notes: 1. Table B reports substantive senior executives who received remuneration during the reporting period. Each row is an averaged figure based on headcount for individuals in the band. 2. 'Reportable Salary' includes the following: (a) gross payments (less any bonuses paid, which are separated out and disclosed in the 'Bonus Paid' column; and (b) reportable fringe benefits (at the net amount prior to 'grossing up' to account for tax benefits) 3. The 'Contributed Superannuation' amount is the average actual superannuation contributions paid to senior executives in that reportable remuneration band during the reporting period. 4. 'Reportable Allowances' are the average actual allowances paid as per the 'Total Allowances' line on individuals' payment summaries. 5. 'Bonus Paid' represents average actual bonuses paid during the reporting period in that reportable remuneration band.
Less than $180,000
Less than $180,000
Consolidated University
Consolidated University
THE AUSTRALIAN NATIONAL UNIVERSITY NOTES continued
39. REMUNERATION OF EXECUTIVE OFFICERS continued
Table C- Other Highly Paid Staff as at 31 December 2013
Average Reportable Remuneration
1
Staff No. Reportable Salary
2
Contributed Superannuation
3
Reportable Allowances
4
Bonus Paid
5
Total Staff No.
Reportable Salary
2
Contributed Superannuation
3
Reportable Allowances
4
Bonus Paid
5
Total
Total remuneration (including part-time arrangements): -
$180,000 - $209,999 166 162,111 26,529 3,121 362 192,123 166 162,111 26,529 3,121 362 192,123
$210,000 - $239,999 50 188,566 28,990 3,400 1,345 222,301 50 188,566 28,990 3,400 1,345 222,301
$240,000 - $269,999 22 220,919 30,885 3,422 909 256,135 22 220,919 30,885 3,422 909 256,135
$270,000 - $299,999 18 242,552 35,532 4,054 - 282,138 18 242,552 35,532 4,054 - 282,138
$300,000 - $329,999 17 272,092 40,696 3,846 - 316,634 17 272,092 40,696 3,846 - 316,634
$330,000 - $359,999 7 304,142 45,535 94 - 349,771 7 304,142 45,535 94 - 349,771
$360,000 - $389,999 1 338,258 47,535 517 - 386,310 1 338,258 47,535 517 - 386,310
Total 281 1,728,640 255,702 18,454 2,616 2,005,412 281 1,728,640 255,702 18,454 2,616 2,005,412
Table C- Other Highly Paid Staff as at 31 December 2012
Average Reportable Remuneration
1
Staff No. Reportable Salary
2
Contributed Superannuation
3
Reportable Allowances
4
Bonus Paid
5
Total Staff No.
Reportable Salary
2
Contributed Superannuation
3
Reportable Allowances
4
Bonus Paid
5
Total
Total remuneration (including part-time arrangements): -
$180,000 - $209,999 127 160,819 26,315 4,417 816 192,367 127 160,819 26,315 4,417 816 192,367
$210,000 - $239,999 37 188,816 28,466 4,733 1,112 223,127 37 188,816 28,466 4,733 1,112 223,127
$240,000 - $269,999 21 213,880 31,398 7,351 95 252,723 21 213,880 31,398 7,351 95 252,723
$270,000 - $299,999 9 241,688 33,595 6,724 - 282,007 9 241,688 33,595 6,724 - 282,007
$300,000 - $329,999 17 273,979 38,851 2,513 - 315,343 17 273,979 38,851 2,513 - 315,343
$330,000 - $359,999 7 287,320 45,648 3,644 - 336,612 7 287,320 45,648 3,644 - 336,612
$360,000 - $389,999 1 306,556 53,992 24,426 - 384,974 1 306,556 53,992 24,426 - 384,974
$390,000 - $419,999 1 350,171 42,621 - - 392,791 1 350,171 42,621 - - 392,791
$600,000 - $629,999 1 521,671 88,472 5,170 - 615,314 1 521,671 88,472 5,170 - 615,314
Total 221 2,544,900 389,357 58,978 2,023 2,995,258 221 2,544,900 389,357 58,978 2,023 2,995,258
Notes: 1. Table C reports staff: (a) who were employed by the entity during the reporting period; (b) whose reportable remuneration was $180,000 or more for the financial period; and (c) were not required to be disclosed in Tables A, B or director disclosures Each row is an averaged figure based on headcount for individuals in the band. 2. 'Reportable Salary' includes the following: (a) gross payments (less any bonuses paid, which are separated out and disclosed in the 'Bonus Paid' column; and (b) reportable fringe benefits (at the net amount prior to 'grossing up' to account for tax benefits) 3. The 'Contributed Superannuation' amount is the average actual superannuation contributions paid in that reportable remuneration band during the reporting period. 4. 'Reportable Allowances' are the average actual allowances paid as per the 'Total Allowances' line on individuals' payment summaries. 5. 'Bonus Paid' represents average actual bonuses paid during the reporting period in that reportable remuneration band.
Consolidated University
Consolidated University
171 Financial information | Annual Report 2013 Annual Report 2013 | Financial information 170 171
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
40. FINANCIAL INSTRUMENTS
Consolidated University
2013 2012 2013 2012
$'000 $'000 $'000 $'000
40(a) Categories of Financial Instruments
Financial Assets Available-for-sale financial assets
Australian cash deposits and short-term securities 149,035 129,616 135,124 116,618
Overseas denominated cash deposits and short-term securities 6,715 5,635 6,715 5,428
Domestic interest bearing securities 348,749 388,009 348,748 384,990
Overseas interest bearing securities 3,260 - 3,260 -
Domestic shares and listed securities 382,201 325,963 382,201 325,963
Domestic unlisted investments 114,149 101,623 126,771 115,899
Overseas managed funds 153,601 92,068 153,601 92,068
Loans and receivables at amortised cost Loans and receivables 47,820 53,669 66,747 71,437
Carrying amount of financial assets 1,205,530 1,096,583 1,223,167 1,112,403
Financial liabilities At amortised cost Payables 89,941 110,135 93,434 88,078
Loans payable 292,147 300,320 191,368 198,557
Fair value through profit or loss Payables derivative instruments 31,769 23,338 - -
Carrying amount of financial liabilities 413,857 433,793 284,802 286,635
40(b) Net income and expense from financial assets
Available-for-sale Interest revenue 21,751 28,865 21,264 28,163
Dividend revenue 28,590 28,040 31,618 33,429
Exchange gains/(loss) - 679 962 679
Gain/(loss) recognised in equity 118,808 48,081 119,011 47,729
Amounts reversed from equity - impairment - 23,861 14,980 23,861
Gain/(loss) on disposal 17,457 12,126 17,457 12,126
Net gain/(loss) available-for-sale 186,606 141,652 205,292 145,987
Net gain/(loss) from financial assets 186,606 141,652 205,292 145,987
40(c) Net Income and expense from financial liabilities
Financial liabilities at amortised cost Borrowing expense (17,343) (21,695) (10,629) (14,983)
Net gain/(loss) financial liabilities at amortised cost (17,343) (21,695) (10,629) (14,983)
Fair value through profit or loss Exchange gains/(loss) - (430) 25 (430)
Derivatives 6,225 (5,313) - -
Net gain/(loss) financial liabilities through profit and loss 6,225 (5,743) 25 (430)
Net gain/(loss) from financial liabilities (11,118) (27,438) (10,604) (15,413)
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
40. FINANCIAL INSTRUMENTS continued
40(d) Fair Value continued
Valuation method used for determining the fair value of financial instruments
University
Market Values (Level 1) Market Inputs (Level 2)
Non-Market Inputs (Level 3) Total
$'000 $'000 $'000 $'000
Financial assets Available-for-sale financial assets Australian cash deposits and short-term securities 135,124 - - 135,124
Overseas denominated cash deposits and short-term securities 6,715 - - 6,715
Domestic interest bearing securities 348,748 - - 348,748
Overseas interest bearing securities 3,260 - - 3,260
Domestic shares and listed securities 382,201 - - 382,201
Domestic unlisted investments - - 126,771 126,771
Overseas managed funds 153,601 - - 153,601
Total 1,029,649 - 126,771 1,156,420
Consolidated
Market Values (Level 1) Market Inputs (Level 2)
Non-Market Inputs (Level 3) Total
$'000 $'000 $'000 $'000
Financial assets Available-for-sale financial assets Australian cash deposits and short-term securities 149,035 - - 149,035
Overseas denominated cash deposits and short-term securities 6,715 - - 6,715
Domestic interest bearing securities 348,749 - - 348,749
Overseas interest bearing securities 3,260 - - 3,260
Domestic shares and listed securities 382,201 - - 382,201
Domestic unlisted investments - - 114,149 114,149
Overseas managed funds 153,601 - - 153,601
Total 1,043,561 - 114,149 1,157,710
Financial liabilities Fair value through profit or loss Payables derivative instruments 31,769 - - 31,769
Total 31,769 - - 31,769
Valuation technique utilising
The following table identifies for those assets and liabilities carried at fair value (above), as to whether fair value was obtained by reference to market prices (Level 1) or by valuation technique that employs observable market transactions (Level 2), or by using non-observable market inputs to determine fair value (Level 3).
Valuation technique utilising
173 Financial information | Annual Report 2013 Annual Report 2013 | Financial information 172 173
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
40. FINANCIAL INSTRUMENTS continued
40(e) Reconciliation of Financial Assets categorised as Level 3
Consolidated University
2013 2012 2013 2012
$'000 $'000 $'000 $'000
Level 3 Financial Assets Opening balance 101,623 105,417 115,899 119,776
Total gains or losses Through profit or loss (6,000) (548) (6,000) (548)
Through Statement of Comprehensive Income 12,665 (2,098) 12,665 (2,098)
Purchases 34,941 3,897 33,287 3,814
Sales (30,864) (5,045) (30,864) (5,045)
Transfers in/out of Level 3 1,784 - 1,784 -
Closing balance 114,149 101,623 126,771 115,899
Gain (loss) for assets held 31 December 6,665 (2,646) 6,665 (2,646)
40(f) Credit Risk
Ageing of financial assets that are past due but not impaired:
These relate to a number of independent debtors for whom there is no recent history of default. The ageing analysis of these receivables is as follows:
Consolidated University
2013 2012 2013 2012
$'000 $'000 $'000 $'000
Loans and receivables Carrying amount as at 31 December 48,911 55,676 67,701 73,361
of which: Neither impaired nor past due on the reporting date 35,062 36,434 55,547 58,963
Less than 30 days 4,953 9,569 3,633 5,854
Between 30 and 60 days 5,938 6,086 5,705 5,900
Between 61 and 90 days 1,259 997 1,131 641
More than 90 days 1,699 2,590 1,685 2,003
48,911 55,676 67,701 73,361
There are no significant financial assets that have had renegotiated terms that would otherwise, without that renegotiation, have been past due or impaired.
Credit risk is defined as "the risk that one party to a financial instrument will cause a financial loss for the other party by failing to discharge an obligation."
Loans and Receivables balances are monitored on an ongoing basis with the result that the University's exposure to bad debts is not significant.
With respect to credit risk arising from the other financial assets of the University, which comprise cash and cash equivalents and available-for-sale financial investments, the University's maximum exposure to credit risk is equal to the carrying amount of these instruments.
The University is party to guarantees as identified in Note 35 'Contingent Liabilities'. The maximum exposure to credit risk, if the University was called upon to meet the obligations, is the amount disclosed in Note 35.
The University does not hold any collateral or other credit enhancement facilities against these assets or contingent liabilities.
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
40. FINANCIAL INSTRUMENTS continued
40(g) Liquidity Risk
The following tables illustrate the maturities for financial liabilities Consolidated
2013 On Demand Within 1 Year 1-5 Years
Greater than 5 Years Total
$'000 $'000 $'000 $'000 $'000
Suppliers and payables - 121,710 - - 121,710
Loans payable - principal - 8,291 55,978 227,879 292,148
Loans payable - interest - 19,534 82,250 142,829 244,613
Total - 149,535 138,228 370,708 658,471
2012
Suppliers and payables - 133,711 - - 133,711
Loans payable - principal - 7,721 49,934 242,665 300,320
Loans payable - interest - 19,805 83,073 131,552 234,430
Total - 161,237 133,007 374,217 668,461
Sensitivity Analysis (Consolidated) 40(h) Market Risk
40(h)(i) Foreign Exchange Risk
The University derives its revenue streams principally in Australian dollars. Payments to overseas denominated currency sources for the supply of goods and services provided to the University is considered immaterial and as such foreign exchange risk in these transactions is considered insignificant.
The University holds an overseas based portfolio that is invested in most major markets and as such has exposure to the major currencies. The mix and weighting of currency holdings approximates those utilized in the Trade Weighted Index/AUD calculation and as such the Trade Weighted Index is considered an appropriate measurement for Currency Risk. The University monitors the value of the Australian dollar relative to other major currencies and when the value is considered to be out of alignment with fundamental value common risk management approaches, including forward currency contracts are adopted.
The impact of a weakening/(strengthening) of the AUD by 10% with all other variables held constant, profit for the year would have been $16,358,000 higher/(lower) (2012: $9,771,000), as a result of foreign gains/(losses) on translation of foreign currency bank account balances. Equity would have been $16,358,000 higher/(lower) (2012: $9,771,000), had the AUD weakened/(strengthened) by 10% against the Trade Weighted Index, arising from the Available-for-sale investments.
The following table, 40(h)(iv), demonstrates the sensitivity to a reasonably possible change in the AUD/Trade Weighted Index with all other variables held constant, on the Entity's Profit and Loss and the Entity's Equity.
Liquidity risk is defined as the risk that the Consolidated Entity could not be able to settle or meet its obligations that are settled by delivering cash or another financial asset, on time or at a reasonable price. The University adopts an active cash management strategy.
The University's investment portfolio allocation profile is determined by the Investment Advisory Committee and is structured to ensure sufficient funds are held in investments that can be converted to cash to meet its obligations as they fall due. Equities, other Listed Securities, Cash and Short-term debt securities constitute the significant component of the Entity's financial instruments. The liquidity risk of Unlisted Securities is managed through holding a diversified portfolio of assets with known investment horizons, different expected exit dates, and ensuring the total exposure of this class is maintained at a level whereby forced sales will not be required.
The University Investment Office is responsible for liquidity funding as well as settlement management.
Market risk is defined as "the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices" and includes interest rate risk, foreign currency risk and "other price risks." Other price risks are further defined as "the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices (other than those arising from interest rate or currency risk), whether those changes are caused by factors specific to the individual financial instrument or its issuer, or factors affecting all similar financial instruments traded in the market."
175 Financial information | Annual Report 2013 Annual Report 2013 | Financial information 174 175
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
40. FINANCIAL INSTRUMENTS continued
40(h)(ii) Interest Rate Risk
40(h)(iii) Other Price Risk
Interest rate risk is the risk that the realisable value of a financial instrument will fluctuate due to the changes in market interest rates. The entity's exposure to the risk of changes in market interest relates primarily to long-term investments with floating interest rates. The University's outstanding Indexed Annuity Bonds is linked to Consumer Price Index movements.
The University's interest rate risk arises from the investment in cash, fixed and floating interest and short term money market securities. The portfolio consists of a combination of fixed coupon interest payments with repayment of principal on maturity, discounted securities with principal repaid upon maturity and floating rate notes. The portfolio is fully invested in AUD denominated securities. All counterparties are rated as investment grade.
The Consolidated Entity has interest rate swaps in place for 100% of its interest bearing debt facility. The University's and BRU Holdings Pty Ltd's swaps have effectively fixed the interest rate payable on the debt facility at 7.33% and 7.22% per annum respectively. SA2 Holdings Pty Ltd's swap has exchanged the nominal debt payments (principal and interest) for a fixed payment which increases with CPI, resulting in a debt profile which reflects an indexed annuity bond. Detail on these swaps are disclosed at Note 22: Other Financial Assets and Liabilities.
At 31 December 2013, if interest rates decreased/(increased) by 1.0% , with all other variables held constant, operating result and equity would have been $5,077,000 higher/(lower) (2012: $5,232,000).
The University Loans payable 'Indexed Annuity Bond' is repayable by quarterly instalments that are indexed in alignment with the Australian Consumer Price Index (CPI). The real yield payable on the Bonds is 3.235% with an effective CPI base of 30 September 2004. The calculation of the outstanding liability is based on the historic movement in CPI from the base period to 30 September of the reporting year (3.35% per annum).
SA2 Holdings Pty Ltd's loan payable is managed by swapping the principal and floating interest rate to a CPI linked annuity. The CPI swap exchanges the nominal debt payments (principal and interest including the margin) for a fixed payment which increases with CPI, resulting in a debt profile which reflects an indexed annuity bond.
The following table, 40(h)(iv), demonstrates the sensitivity to a reasonably possible change in CPI annual rates, with all other variables held constant.
A majority of the University's equity investments are denominated in AUD, and are either publicly traded and included in the ASX300 index or not publicly traded.
The impact of an increase/(decrease) of the ASX300 Index on the University's publicly traded equity would be increase/(decrease) of $38,220,000 (2012: $32,596,000). The analysis is based on the assumption that the ASX300 Index increased/(decreased) by 10% , with all other variables held constant, and the University's equity portfolio moves according to the historical correlation with the index.
The impact of an increase/(decrease) of the market value of the University's non-publicly traded equity would be increase/(decrease) of $11,415,000 (2012: $10,162,000). The analysis is based on the assumption that the market value of the non-publicly traded equity increased/(decreased) by 10% , with all other variables held constant.
The University also has a number of equity investments denominated in foreign currencies in overseas markets. If these markets were to increase/(decrease) by 10% the impact on the Economic Entity's equity would be increase/(decrease) of $15,360,000 (2012: $9,207,000).
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
40. FINANCIAL INSTRUMENTS continued
40(h)(iv) Summarised Sensitivity Analysis - Consolidated
The following table summarises the sensitivity of the Entity's financial assets and financial liabilities to interest rate risk, foreign exchange risk, and other pric
e
31 December Carryin
g
2013 amount Resul
t
Equit
y
Resul
t
Equit
y
Resul
t
Equit
y
Resul
t
Equit
y
Resul
t
Equit
y
Resul
t
Equit
y
Resul
t
Equit
y
Resul
t
Equit
y
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
Financial assets
A ustralian cash deposits an
d
short-term securities 149,035 (1,490) (1,490) 1,490 1,490
Overseas denominated cash deposits and short-term securities 6,715 (67) (67) 67 67 672 672 (672) (672)
Domestic interest bearing securiti 348,749 (3,487) (3,487) 3,487 3,487
Overseas interest bearing securit
i
3,260 (33) (33) 33 33 326 326 (326) (326)
Domestic shares and listed securities 382,201 (38,220) 38,220
Domestic unlisted investments 114,149 (11,415) 11,415
Overseas managed funds 153,601 15,360 15,360 (15,360) (15,360) (15,360) 15,360
Financial liabilitie s
Loans payabl
e
292,147 233 233 (233) (233)
Total increase/(decrease) (5,077) (5,077) 5,077 5,077 16,358 16,358 (16,358) (16,358) - (64,995) - 64,995 233 233 (233) (233)
31 December Carryin
g
2012 amount Resul
t
Equit
y
Resul
t
Equit
y
Resul
t
Equit
y
Resul
t
Equit
y
Resul
t
Equit
y
Resul
t
Equit
y
Resul
t
Equit
y
Resul
t
Equit
y
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
Financial assets
A ustralian cash deposits an
d
short-term securities 129,616 (1,296) (1,296) 1,296 1,296
Overseas denominated cash deposits and short-term securities 5,635 (56) (56) 56 56 564 564 (564) (564)
Interest bearing securities 388,009 (3,880) (3,880) 3,880 3,880
Domestic shares and listed securities 325,963 (32,596) 32,596
Domestic unlisted investments 101,623 (10,162) 10,162
Overseas managed funds 92,068 9,207 9,207 (9,207) (9,207) (9,207) 9,207
Financial liabilitie
s
Loans payabl
e
300,320 208 208 (208) (208)
Total increase/(decrease) (5,232) (5,232) 5,232 5,232 9,771 9,771 (9,771) (9,771) - (51,965) - 51,965 208 208 (208) (208)
Market risk Australian CPI risk
Interest rate risk Foreign exchange risk Market risk Australian CPI risk
-10.0% +10.0% -10.0% +10.0% -10.0% +10.0%
Interest rate risk Foreign exchange risk
-1.0% +1.0%
-10.0% +10.0% -1.0% +1.0% -10.0% +10.0% -10.0% +10.0%
177 Financial information | Annual Report 2013 Annual Report 2013 | Financial information 176 177
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
40. FINANCIAL INSTRUMENTS continued
40(h)(iv) Summarised Sensitivity Analysis - University
The following table summarises the sensitivity of the Entity's financial assets and financial liabilities to interest rate risk, foreign exchange risk, and other pric
e
31 December Carryin
g
2013 amount Resul
t
Equit
y
Resul
t
Equit
y
Resul
t
Equit
y
Resul
t
Equit
y
Resul
t
Equit
y
Resul
t
Equit
y
Resul
t
Equit
y
Resul
t
Equit
y
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
Financial assets
A ustralian cash deposits an
d
short-term securities 135,124 (1,351) (1,351) 1,351 1,351
Overseas denominated cash deposits and short-term securities 6,715 (67) (67) 67 67 672 672 (672) (672)
Domestic interest bearing securiti 348,748 (3,487) (3,487) 3,487 3,487
Overseas interest bearing securit
i
3,260 (33) (33) 33 33 326 326 (326) (326)
Domestic shares and listed securities 382,201 (38,220) 38,220
Domestic unlisted investments 126,771 (12,677) 12,677
Overseas managed funds 153,601 15,360 15,360 (15,360) (15,360) (15,360) 15,360
Financial liabilitie s
Loans payabl
e
191,368 233 233 (233) (233)
Total increase/(decrease) (4,938) (4,938) 4,938 4,938 16,358 16,358 (16,358) (16,358) - (66,257) - 66,257 233 233 (233) (233)
31 December Carryin
g
2012 amount Resul
t
Equit
y
Resul
t
Equit
y
Resul
t
Equit
y
Resul
t
Equit
y
Resul
t
Equit
y
Resul
t
Equit
y
Resul
t
Equit
y
Resul
t
Equit
y
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
Financial assets
A ustralian cash deposits an
d
short-term securities 116,618 (1,166) (1,166) 1,166 1,166
Overseas denominated cash deposits and short-term securities 5,428 (54) (54) 54 54 543 543 (543) (543)
Interest bearing securities 384,990 (3,850) (3,850) 3,850 3,850
Domestic shares and listed securities 325,963 (32,596) 32,596
Domestic unlisted investments 115,899 (11,590) 11,590
Overseas managed funds 92,068 9,207 9,207 (9,207) (9,207) (9,207) 9,207
Financial liabilitie
s
Loans payabl
e
198,557 208 208 (208) (208)
Total increase/(decrease) (5,070) (5,070) 5,070 5,070 9,750 9,750 (9,750) (9,750) - (53,393) - 53,393 208 208 (208) (208)
-10.0% +10.0%
Interest rate risk Foreign exchange risk Market risk
+10.0%
Australian CPI risk
-10.0% +10.0%
Interest rate risk Foreign exchange risk Market risk Australian CPI risk
-1.0% +1.0% -10.0%
-10.0% +10.0% -1.0% +1.0% -10.0% +10.0% -10.0% +10.0%
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
41. LAND
Australian Capital Territory The major teaching and research facilities of the University are located on the Acton Campus site of 148 hectares and the Mt Stromlo site of 81 hectares. These sites are provided free of charge and held on lease in perpetuity. The use of this land is restricted to Australian National University activities. The University occupies other sites of 224 hectares within the Australian Capital Territory on varying leasehold terms and conditions. The value of land in the Australian Capital Territory has been assessed and brought to account.
New South Wales The University owns 148 hectares of freehold land at Coonabarabran on which is located the Siding Spring Observatory and a further 3 hectares is held by the University at Coonabarabran under permissive occupancy. The University owns 349 hectares of freehold land at Kioloa. The value of land in New South Wales has been assessed and brought to account.
Northern Territory The University occupies 26,500 hectares near Tennant Creek held on lease in perpetuity on which is located the Warramunga Seismic Station. The University owns 4 hectares of freehold land at Darwin on which is located field research headquarters. The value of land in the Northern Territory has been assessed and brought to account.
42. SUPERANNUATION COMMITMENTS
42.1 Commonwealth Superannuation Account
Since 1949, the University has maintained an account, on conditions approved by the Treasurer of the Commonwealth, to meet the emerging costs of the employer's liability under the Commonwealth Superannuation Scheme - a Defined Benefit Scheme. The Commonwealth Government has now closed this Scheme.
The Commonwealth Superannuation Account maintained by the University is not a superannuation fund as defined in AASB 119, the assets supporting the liability are maintained as a component of the overall University investment portfolio. As far as practical, the University has adopted the accounting treatment and disclosure requirements of AASB 119. The University is recognising actuarial gains and losses in the period in which they occur outside the profit and loss as permitted under the Standard and the FMOs, Section 44.4, and as such are disclosed in the Statement of Comprehensive Income 2013 gain $82,460,044 (2012 loss $41,759,404) resulting in a cumulative amount of actuarial losses recognised in equity of $193,364,277.
Transfers are made to the account each fortnight in accordance with a predetermined formula approved by Council and based on advice from ComSuper. The University's contribution rate in 2013 was 14 per cent of eligible employee superannuable salaries (equivalent to the contribution rate the University is required to make for all employees who are members of UniSuper, formerly known as the Superannuation Scheme for Australian Universities). Pensions are met on an emerging cost basis and paid to the Commonwealth Superannuation Administration.
The following have been recognised in the Income Statement in Employee expenses; Current Service Cost $1,249,204 (2012 $2,719,153) and Interest Cost $22,881,744 (2012 $24,323,988).
Section 44.2 of the FMOs requires the market yield on Government bonds be used to discount post-employment benefit obligations, in compliance with AASB 119. One consequnce of this requirement is that the value of the CSS liability could be expected to fluctuate significantly from year to year as government bond rates change.
The present value of the obligations of the Commonwealth Superannuation Account has decreased by $81,265,464 in 2013 as a result of applying the 10 year Commonwealth Government bond rate at the relevant interest rate (increased from 3.3% to 4.3% ) as required by the FMOs.
The Australian Government Actuary (AGA) completed a formal review of the Account at 30 June 2013 and applied the traditional 6% interest rate when assessing obligations of the fund. The deficit at that date was $59.057 million. The University has agreed to plan with the AGA to address the deficit over time. The next formal review is due on 30 June 2015.
The plan exposes the University to actuarial risks, in particular: - Salary risk: any increase in the plan participants' salary will increase the plan's laibility; - Longevity risk: any increase in the plan participants' life expectancy will increase the plan's liability; - Investment risk: if the actual return on plan assets is below the discount rate used in calculating the defined benefit plan liability, a plan deficit will arise; however, the composition of plan assets is balanced enough not to expose the University to significant concentrations of investment risk. - Interest rate risk: a decrease in the bond interest rate will increase the plan liability (however, partially counterbalance by an increase in the return on the plan's debt investments).
179 Financial information | Annual Report 2013 Annual Report 2013 | Financial information 178 179
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
42. SUPERANNUATION COMMITMENTS continued
42.1 Commonwealth Superannuation Account continued
The following principal actuarial assumptions have been adopted as at reporting date (values are expressed as weighted averages): 2013 2012
Discount rate as at 31 December 4.30% 3.30%
Expected return on plan assets at 31 December 4.30% 7.50%
Future salary increases 4.00% 4.00%
Future pension increases 2.50% 2.50%
Reconciliation of the Present Value of the Obligation
Consolidated University
2013 2012 2013 2012
$'000 $'000 $'000 $'000
Previous year closing balance 709,109 671,785 709,109 671,785
Current Service cost 1,249 2,719 1,249 2,719
Interest cost 22,882 24,324 22,882 24,324
Actuarial (gains)/losses (82,460) 41,760 (82,460) 41,760
Benefit payments (32,694) (31,479) (32,694) (31,479)
Current year closing balance 618,086 709,109 618,086 709,109
Reconciliation of the Fair Value of Plan Assets
Opening fair value of plan assets 452,325 421,358 452,325 421,358
Expected return on plan assets 14,499 31,040 14,499 31,040
Contributions 869 945 869 945
Transfers 5,898 15,550 5,898 15,550
Benefits paid (32,694) (31,479) (32,694) (31,479)
Actuarial gain/(loss) 68,896 14,911 68,896 14,911
Current year closing balance 509,793 452,325 509,793 452,325
Reconciliation of the present value of the obligation and the fair value of the plan assets to the assets and liabilities recognised in the Balance Sheet
Present value of funded obligation 618,086 709,109 618,086 709,109
Fair value of plan assets 509,793 452,325 509,793 452,325
Net liability in Balance Sheet 108,293 256,784 108,293 256,784
Amounts in Balance Sheet Liabilities 618,086 709,109 618,086 709,109
Assets 509,793 452,325 509,793 452,325
Net liability in Balance Sheet 108,293 256,784 108,293 256,784
The University's Investment Office completed a review of the historical performance of its investment portfolio and the current and likely future investment environment, taking into account economic growth and inflation profiles in each of the investment sectors. The projection of 4.3% nominal annualised return is based on forecasted long term returns for assets held in the Long Term Investment Pool (LTIP).
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
42. SUPERANNUATION COMMITMENTS continued
43. COOPERATIVE RESEARCH CENTRES
The University received Commonwealth Funding under the Cooperative Research Centres Program for the establishment of the following Cooperative Research Centres:
Advanced Automotive Technology - a cooperative research centre with participants including eight vehicle and component manufacturers, two state governments and ten research institutions including the Australian National University with a total investment of approximately $100 million over seven years. The CRC was established in December 2005 with funding for seven years. The mission of the Centre is to deliver smarter, safer, cleaner manufacturing and vehicle technology for Australia's benefit. The University's financial contribution is $50,000 per annum. In 2012 this centre was extended a further 5 years operating under the name Automotive Australia 2020 CRC with the Universities financial contribution being $100,000 per annum.
Bushfire CRC - a cooperative research centre with the core participants including CSIRO, University of Melbourne, University of Tasmania, University of Western Australia, Bureau of Meteorology, 5 State Government departments and 7 State fire & emergency authorities. The University is an associate participant, our financial contribution being $10,000 per annum. The Centre is to undertake research which enhances the management of the bushfire risk to the community in an economically and ecologically sustainable way. The University's in-kind contribution will be $221,000 over seven years from July 2003. The centre operates as an incorporated management company (Bushfire Cooperative Research Centre Limited). The CRC has received a three year extension beginning 1 July 2010 operating under the name of CRC for Fire, Environment and Society. The University will be an Essential Partner during the period of extension with no cash or in-kind contributions required.
Bushfire and Natural Hazards CRC - a cooperative research centre with the core participants including ACT Emergency Services, ACT Territory and Municipal Services Directorate, Attorney General’s Department, Australasian Fire and Emergency Service Authorities Council, Bureau of Meteorology and Central Queensland University together with The University. The research agenda will focus on the following broad areas of work: (i) Economics, Policy and Decision Making; (ii) Resilient People, Infrastructure, Institutions and Landscapes; and (iii) Bushfire and Natural Hazard risks. On 1 July 2013, the Bushfire and Natural Hazards CRC was established for a period of 8 years.
Young People, Technology and Wellbeing (YAW) - a cooperative research centre with seventy partner organisations across the not-for-profit, academic, government and corporate sectors including the Australian National University. The CRC was established in July 2011 for an initial period of five years. The Australian National University's cash contribution is $250,000 and in-kind contribution is $6,343,000 over the life of the project. The purpose of the CRC is to explore the role of technology in young people's lives and how technology can be used to improve the mental health and wellbeing of young people aged 12 to 25.
Energy Pipelines - a cooperative research centre with the core participants being APIA Research and Standards Committee (representing 49 members across the spectrum of suppliers, constructors and operators of energy pipelines) and four research institutions including the Australian National University. The CRC was established in 2010 for a period of seven years. The Australian National University's in-kind contribution is $1,740,000 over the life of the project. The CRC is to address key challenges facing the Australian pipeline industry by creating new technologies to safely extend the life of the existing pipeline network and facilitate construction of new networks for transmission of gas and emerging energy cycle fluids.
Costs for all Cooperative Research Centres are expensed as incurred except where future benefits are expected beyond reasonable doubt to exceed those costs. In 2013 all costs were expensed.
42.2 Superannuation Scheme for Australian Universities
New continuing staff members employed by the University since 1 April 1983 have been required to join the Superannuation Scheme for Australian Universities (SSAU) until 30 September 2000. From 1 October 2000, SSAU and the Tertiary Education Superannuation Scheme merged to become a single scheme, UniSuper. This merged scheme continues to have a defined benefits component which is managed independently of the University. The University contributes to the Scheme at the rate equivalent to 14 per cent of members' salaries. The University's contributions in 2013 were $52,015,781 (2012 $49,876,659).
Subsequent to changes enacted to the UniSuper Trust Deed by the Trustees during 2007 the previously described UniSuper Defined Benefit Plan (DBP) is now compliant with the requirements of AASB 119 applicable to a Defined Contribution Fund (DCF). Although the DCF is a defined contribution fund under AASB 119, it does remain a defined benefit fund for other purposes and continues to require actuarial oversight.
42.3 Public Sector Superannuation Scheme
The University has a small number of employees who are members of the Public Sector Superannuation Scheme to which the University contributes at the rate of 11.9 per cent of members' salaries. During 2013, the University's contributions amounted to $235,999 (2012 $154,603). This scheme is closed to new members of the University's staff.
42.4 Employee Non Contributory Productivity Superannuation Schemes
The University’s contributions for employees who are contributors to the Commonwealth Superannuation and Public Sector Superannuation Schemes are paid to the Commonwealth Superannuation Administration. The University contributes to the Schemes between 2 to 3 per cent of members' salaries. During 2013, the University's contributions were $143,284 (2012 $156,283) and $26,804 (2012 $26,144) respectively. The University paid contributions for eligible employees, other than employees who are contributors to the Commonwealth Superannuation and Public Sector Superannuation Schemes, to the Tertiary Education Superannuation Scheme until 30 September 2000, and since then to the newly established UniSuper. The new scheme continues to offer a cash accumulation component. The University contributes to the Scheme at a rate of 3 per cent of members' salaries for full-time University employees. The University's contributions in 2013 were $10,924,773 (2012 $10,420,058).
181 Financial information | Annual Report 2013 Annual Report 2013 | Financial information 180 181
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NOTES continued
2013 2012
$'000 $'000
Balance carried forward from previous year - -
Receipts during the year 1,151 895
Available for payments 1,151 895
Less payments made 1,151 895
Balance carried forward to next year - -
44. SEGMENT INFORMATION
The University operates predominantly in the Australian Capital Territory for the purpose of teaching and research.
45. ECONOMIC DEPENDENCY
The University is to a significant extent dependant on monies received pursuant to the Higher Education Funding Act 1988, the Higher Education Support Act 2003 and the Australian Research Council Act 2001 to fund its operations. In 2013, funding from these Acts ($436,769,000) represented 44.68 per cent (2012: $444,702; 44.7 per cent) of the total operating revenues.
46. EVENTS OCCURRING AFTER THE BALANCE SHEET DATE
On 18 February 2014, the University received $6,165,166 from the sale of Lithicon Australia Pty Ltd. The fair value of the investment has been included in Note 20 to reflect the impact of the sale.
47. SPECIAL ACCOUNTS
The University processes Comcare receipts and payments through a distinct location and account code combination in the ledger. The monies are not available for other purposes of the University and are not recognised in the financial statements.
University
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
48. SUBSIDIARIES
Country of Incorporation 2013 2012
Parent entity - The Australian National University Australia 100% 100%
Subsidiaries
Australia 100% 100%
England and Wales
100% 100%
Australia 100% 100%
Australia 100% 100%
Australia 100% 100%
ANU Section 68 Pty Limited was incorporated in 2008 as a company limited by shares with the object of participating in the building development opportunity Section 68 City West, Canberra.
ANU Enterprise Pty Limited (ANUE) was incorporated in 1979 as a company limited by shares. The objects include the undertaking of research and experimental work and the promotion and exploitation of techniques and processes derived or developed from research and experimental work. ANUE comprises of two operational divisions: Projects Division and Australian Scientific Instruments.
Ownership interest
SA2 Holdings Pty Limited was incorporated in 2007 as a company limited by shares with the object of participating in the construction and operation of a student accommodation facility on part of Section 21 Block 4 of the City West Precinct.
ANU (UK) Foundation was incorporated in 2007 as a private limited company limited by guarantee with the object to facilitate the advancement of education through the establishment of a registered charity.
BRU Holdings Pty Limited was incorporated in 2005 as a company limited by shares with the object of participating in the construction and operation of a student accommodation facility on Section 30 Block 4 of the City West Precinct.
*ANU Enterprise Pty Limited completed the sale of its ANU College operational division on 29 November 2013, pursuant to contracts entered into on 3 February 2013.
*ANU Section 68 Pty Limited non-going concern. Current expectations of management are that the operations of the company will cease within a period of 12 months from 31 December 2013 and all liabilities will be discharged and assets sold or distributed to the shareholder within this period. Accordingly, under the non-going concern basis assets are recorded at their net realisable values and liabilities are recorded at their contractual settlement amounts. In addition, all assets and liabilities have been classified as current since assets will be consumed, converted into capital or distributed to the shareholder and liabilities will be settled within 12 months after 31 December 2013.
183 Financial information | Annual Report 2013 Annual Report 2013 | Financial information 182 183
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
49. 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:
Name of entity Principal activity
2013 2012 2013 2012
$'000 $'000
25% 25% 4,588 4,744
31% 29% 9,680 10,319
22% 22% 6 11
10.73% 35% - 194
49.99% 49.99% 16 -
14,290 15,268
- Australian Technology Park Innovations Pty Limited is based on the audited financial statements as at 30 June 2013. - Vantage Private Equity Growth Limited is based on the audited financial statements as at 30 June 2013. - Pestat Pty Limited is based on the audited financial statements as at 30 June 2013. - Digitalcore Pty Limited was merged into Lithicon AS Ltd during 2013 with this entity taken over by FEI Electron Optics. The holdings of the Consolidated Entity in Lithicon AS Ltd were 10.73% and as such fell under the threshold for recognition as an associate. As a result of the takeover FEI Electron Optics purchased all shares of Lithicon AS Ltd. The impact of this is reflected in Note 20 where the fair value of the acquisition price has been recognised. - Beta Therapeutics Pty Limited is based on financial statements as at 30 June 2013.
Summarised financial information in respect of associates is set out below.
Consolidated 2013 2012
$'000 $'000
Financial Position Total assets 59,045 62,602
Total liabilities 2,627 6,570
Net assets 56,418 56,033
Share of associates' net assets 14,290 15,268
Financial Performance Total revenue 9,243 10,593
Profit/(Loss) 4,182 1,682
Share of associates' profit/(loss) 1,330 708
To facilitate commercialisation of start-up companies.
Australian Technology Park Innovations Pty Limited To facilitate the commercialisation of start-up companies.
Ownership interest
Pestat Pty Ltd
To provide 3D high-resolution image based on core analysis and petrophysical services to the oil and gas industry.
Beta Therapeutics Pty Limited
Carrying amount
To commercialise safe, humane and effective solutions for pest control and innovative products for animal management purposes.
Vantage Private Equity Growth Limited
To establish proprietary therapeutic compounds for use in Type 1 Diabetes (T1D), Type 2 Diabetes (T2D) therapy and islet transplant applications.
Digitalcore Pty Ltd
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
50. INTERESTS IN JOINT VENTURES
Investments in jointly controlled entities are accounted for in the financial statements using the equity method of accounting. Information relating to these joint ventures are set out below:
Name of entity Principal activity
2013 2012 2013 2012
$'000 $'000
Jointly Controlled Asset Arafura Timor Research Facility 50% 50% 3,409 1,671
3,409 1,671
Jointly Controlled Entities
50% 50% - 86
50% 50% - 962
- 1,048
For the purposes of the University's final accounts and due to the lack of audited or published accounts.
The University's equity interest at 31 December 2013 is based on management accounts as at 31 December 2013 for: Arafura Timor Research Facility ANU MTAA Super Venture Capital Pty Limited ANU MTAA Super Venture Capital Partnership, LP
Summarised financial information in respect of the University's jointly controlled entities are set out below.
2013 2012
$'000 $'000
Financial Position Current assets 625 495
Non-current assets 2,539 2,811
Total assets 3,164 3,306
Current liabilities 170 173
Non-current liabilities 22 -
Total liabilities 192 173
Net assets 2,972 3,133
Share of jointly controlled entities' net assets - 1,048
Financial Performance Income 1,106 941
Expenses 2,921 2,505
Profit/(Loss) (1,815) (1,564)
Share of jointly controlled entities' profit/(loss) 211 (435)
Provide investment in commercialisation, pre-seed and early stage private equity investment.
ANU MTAA Super Venture Capital Partnership, LP
ANU MTAA Super Venture Capital Pty Limited Provide governance and administration services to ANU MTAA Super Venture
Capital Partnership, LP.
Ownership interest
Support the conduct of world-class research into marine and coastal ecosystems of the Arafura Timor region.
Consolidated
Carrying amount
185 Financial information | Annual Report 2013 Annual Report 2013 | Financial information 184 185
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
51. FAIR VALUE MEASUREMENT
51.1 Fair value measurements The University measures and recognises the following assets and liabilities at fair value on a recurring basis: Financial assets at fair value through profit or loss; Derivative financial instruments;
Available-for-sale financial assets; Land, buildings and infrastructure; and Investment properties.
Fair value disclosures relating to financial assets and liabilities at fair value through profit or loss, derivative financial instruments and available-for-sale financial assets are provided in Financial Instruments Note 40.
Valuation methodology is identified in Note 1.
51.2 Fair value hierarchy
The University categorises assets and liabilities measured at fair value into a hierarchy based on the level of inputs used in measurement: Level 1 - quoted prices (unadjusted) in active markets for identical assets or liabilities; Level 2 - inputs other than quotes prices within Level 1 that are observable for the asset or liability either directly or indirectly; and Level 3 - inputs for the asset or liability that are not based on observable market data (unobservable inputs).
(i) Recognised fair value measurements Fair value measurements recognised in the Balance Sheet are categorised into the following levels:
Consolidated figures at 31 December 2013 and 31 December 2012
Consolidated 2013 Level 1 Level 2 Level 3
$'000 $'000 $'000 $'000
Recurring fair value measurements Non-financial assets Land, buildings and infrastructure 1,541,831 - 18,600 1,523,681
Plant and equipment 49,405 - 49,405 -
Investment properties 127,149 - 19,200 107,949
Total Non-financial assets 1,718,385 - 87,205 1,631,630
Consolidated 2012 Level 1 Level 2 Level 3
$'000 $'000 $'000 $'000
Recurring fair value measurements Non-financial assets Land, buildings and infrastructure 1,558,960 - 14,945 1,544,015
Plant and equipment 45,062 - 45,062 -
Investment properties 128,258 - 18,600 109,658
Total Non-financial assets 1,732,280 - 78,607 1,653,673
University only figures at 31 December 2013 and 31 December 2012
University Only 2013 Level 1 Level 2 Level 3
$'000 $'000 $'000 $'000
Recurring fair value measurements Non-financial assets Land, buildings and infrastructure 1,529,831 - 18,600 1,511,231
Plant and equipment 49,405 - 49,405 -
Investment properties 19,200 - 19,200 -
Total Non-financial assets 1,598,436 - 87,205 1,511,231
University Only 2012 Level 1 Level 2 Level 3
$'000 $'000 $'000 $'000
Recurring fair value measurements Non-financial assets Land, buildings and infrastructure 1,547,410 - 14,945 1,532,465
Plant and equipment 45,062 - 45,062 -
Investment properties 18,600 - 18,600 -
Total Non-financial assets 1,611,072 - 78,607 1,532,465
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
51. FAIR VALUE MEASUREMENT continued
(ii) Reconciliation of fair value items to balance sheet
Consolidated figures at 31 December 2013 and 31 December 2012
Recognised Recognised
Consolidated Notes 2013 at Cost at Fair Value
$'000 $'000 $'000
Recurring fair value measurements Non-financial assets Land, buildings and infrastructure 23 1,733,610 191,779 1,541,831
Plant and equipment 23 185,095 135,690 49,405
Investment properties 24 127,149 - 127,149
Total Non-financial assets 2,045,854 327,469 1,718,385
Recognised Recognised
Consolidated 2012 at Cost at Fair Value
$'000 $'000 $'000
Recurring fair value measurements Non-financial assets Land, buildings and infrastructure 23 1,701,202 142,242 1,558,960
Plant and equipment 23 180,102 135,040 45,062
Investment properties 24 128,258 - 128,258
Total Non-financial assets 2,009,562 277,282 1,732,280
University only figures at 31 December 2013 and 31 December 2012
Recognised Recognised
University Only Notes 2013 at Cost at Fair Value
$'000 $'000 $'000
Recurring fair value measurements Non-financial assets Land, buildings and infrastructure 23 1,721,609 191,778 1,529,831
Plant and equipment 23 184,247 134,842 49,405
Investment properties 24 19,200 - 19,200
Total Non-financial assets 1,925,056 326,620 1,598,436
Recognised Recognised
University Only 2012 at Cost at Fair Value
$'000 $'000 $'000
Recurring fair value measurements Non-financial assets Land, buildings and infrastructure 23 1,689,652 142,242 1,547,410
Plant and equipment 23 178,881 133,819 45,062
Investment properties 24 18,600 - 18,600
Total Non-financial assets 1,887,133 276,061 1,611,072
There were no transfers between levels 1 and 2 for recurring fair value measurements during the year.
For transfers in and out of level 3 measurements see 51.3 below.
The University's policy is to recognise transfers into and transfers out of fair value hierarchy levels as at the end of the reporting period.
51.3 Fair value measurements using significant unobservable inputs (level 3)
The following table is a reconciliation of the consolidated level 3 items for the period ended 31 December 2013:
Level 3 Fair Value Measurements 2013
Land, buildings and
infrastructure
Plant & equipment
Investment properties Total
$'000 $'000 $'000 $'000
Opening balance 1,544,015 - 109,658 1,653,673
Total gains/(losses) on revaluation 14,171 - (1,709) 12,462
Disposals (1,420) - - (1,420)
Accumulated depreciation movement (33,085) - - (33,085)
Closing balance 1,523,681 - 107,949 1,631,630
187 Financial information | Annual Report 2013 Annual Report 2013 | Financial information 186 187
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
51. FAIR VALUE MEASUREMENT continued
51.3 Fair value measurements using significant unobservable inputs (level 3) continued
(i) Valuation inputs, processes and relationships to fair value for items categorised in Level 2 & Level 3
Buildings and infrastructure
Buildings and infrastructure (Level 3) The buildings and infrastructure of the University are considered specialised assets for which there is no active and liquid market and as such have been valued using the cost approach (depreciated replacement cost). This is based on the current construction costs per square metre to replace the asset.
Key unobservable inputs: Replacement cost per square metre of a modern equivalent asset using published construction data such as Rawlinsons Australia Construction Handbook 2013 encompassing Civil Works and Building costs. AssetVal also has a database built up from research of building and site improvement costs. Actual costs of improvements identified during valuation exercises and also through research and contact with suppliers and builders have also been collated.
Interrelationship between key unobservable inputs and fair value measurement: The estimated fair value increases (decreases) as the estimated replacement cost per square metre increases (decreases).
Land
Residential Land (Level 2) The residential land of the University has been classified as level 2. The valuation of these parcels of land was based on the location, land area and town planning controls. Sales of similar land that occurred within a reasonable period of time to 31 December 2013 were compared to the subject lands. Properties that are essentially residential have an active market in each of the respective locations.
Key unobservable inputs: Prices of comparable assets sold within a reasonable timeframe of 31 December 2013.
Non-Residential Land (Level 3) The non-residential land of the University has been classified as level 3 due to its specialised nature. Very limited or no active liquid markets exist for these items. In valuing these parcels of land, reference was made to the location, land area and land use controls/town planning to ascertain the land use characteristics and development opportunities. Regard was given to a broad selection of property sales of land from which a level of comparison and/or relativity can be drawn, albeit directly comparable properties are scarce. In addition regard was given to levels of value applied to similar land used by other authorities (e.g. ACT government).
Key unobservable inputs: Prices of comparable assets sold where available. Where prices of comparable asset sales were not available valuations of other similar specialised assets have been used.
Interrelationship between key unobservable inputs and fair value measurement: The estimated fair value increases (decreases) as the value of comparable assets increases (decreases).
Investment property
Student accommodation (Level 3) The student accommodation properties are considered specialised assets for which there is no active and liquid market. They have been valued using the cost approach. This is based on the actual construction cost for the buildings with cost escalation factors applied through to the date of the valuation.
Key unobservable inputs: Cost escalation factor of 5.8%
Interrelationship between key unobservable inputs and fair value measurement: The estimated fair value increases (decreases) as the cost escalation factor increases (decreases).
Commercial property (Level 2) The commercial property has been valued using the market approach. The valuation model is based on a price per square metre for buildings derived from observable market data in active and transparent market.
Key observable inputs: Prices per square metre. Premium (discount) on the quality of the building and lease terms.
Plant and equipment
Artworks (Level 2) The artwork collection has been valued using the market approach. The valuation model looks at specifically comparable sales or sales information including sales of works by artists with a similar standing.
Key observable inputs: Prices of identical works sold in the market where multiple prints exist. Prices of similar works or works by artists of a similar standing sold in the market where the items are one off pieces.
Rare Library Materials (Level 2) The rare library collection has been valued using the market approach. The valuation models looks at Australian and international sales information.
Key observable inputs: Prices of identical items sold in the market where multiple copies exist. Prices of similar items sold in the market where the item is a one off.
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
52. ACQUITTAL OF AUSTRALIAN GOVERNMENT FINANCIAL ASSISTANCE
52.1 Education - CGS and Other Education Grants
Notes 2013 2012 2013 2012 2013 2012 2013 2012 2013 2012
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
68,069 70,558 661 574 810 287 110 67 187,951 180,896
Net accrual adjustments - - - - - - - - -
Revenue for the Period 2(a) 68,069 70,558 661 574 810 287 110 67 187,951 180,896
Surplus / (deficit) from the previous year - - - - - 566 - - - -
Total revenue including accrued revenue 68,069 70,558 661 574 810 853 110 67 187,951 180,896
Less expenses including accrued expenses 68,069 70,558 661 574 810 853 110 67 187,951 180,896
Surplus / (deficit) for reporting period - - - - - - - - - -
52.1 Education - CGS and Other Education Grants continued
Notes 2013 2012 2013 2012 2013 2012 2013 2012 2013 2012
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
- - - - - 85 255 180 - 171
Net accrual adjustments - - - - - - - - - -
Revenue for the Period 2(a) - - - - - 85 255 180 - 171
Surplus / (deficit) from the previous year - 4,046 43 43 - - - - - -
Total revenue including accrued revenue - 4,046 43 43 - 85 255 180 - 171
Less expenses including accrued expenses - 4,046 43 - 85 255 180 - 171
Surplus / (deficit) for reporting period - - - 43 - - - - - -
#3 includes Collaboration and Structural Adjustment Program
Teaching & Learning Capital Fund Diversity and Structural Adjustment Fund
#3
Transitional Cost Programme
Financial assistance received in cash during the reporting period (total cash received from the Commonwealth for the Programmes)
#1 Includes the basic CGS grant amount, CGS-Regional Loading and CGS-Enabling Loading.
Commonwealth Grants Scheme
#1
Indigenous Support Scheme Higher Education Participation & Partnerships Programme
#2
Disability Support Programme National Institutes Funding
#2 Includes Higher Education Equity Support Programme.
Reward Funding
Financial assistance received in cash during the reporting period (total cash received from the Commonwealth for the Programmes)
Promotion of Excellence in Learning & Teaching
189 Financial information | Annual Report 2013 Annual Report 2013 | Financial information 188 189
THE AUSTRALIAN NATIONAL UNIVERSITY NOTES continued
52. ACQUITTAL OF AUSTRALIAN GOVERNMENT FINANCIAL ASSISTANCE continued
52.1 Education - CGS and Other Education Grants continued
Notes 2013 2012 2013 2012
$'000 $'000 $'000 $'000
4,480 4,362 262,336 257,180
Net accrual adjustments - - -
Revenue for the Period 2(a) 4,480 4,362 262,336 257,180
Surplus / (deficit) from the previous year - - 43 4,655
Total revenue including accrued revenue 4,480 4,362 262,379 261,835
Less expenses including accrued expenses 4,480 4,362 262,379 261,792
Surplus / (deficit) for reporting period - - - 43
52.2 Higher Education Loan Programs (excl OS-HELP)
Notes 2013 2012 2013 2012 2013 2012 2013 2012
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
41,579 36,711 22,621 16,845 1,123 1,057 65,323 54,613
Net accrual adjustments - - - - - - - -
Revenue for the Period 2(b) 41,579 36,711 22,621 16,845 1,123 1,057 65,323 54,613
Surplus / (deficit) from the previous year - - - - - - - -
Total revenue including accrued revenue 41,579 36,711 22,621 16,845 1,123 1,057 65,323 54,613
Less expenses including accrued expenses 41,579 36,711 22,621 16,845 1,123 1,057 65,323 54,613
Surplus / (deficit) for reporting period - - - - - - - -
#4 Program is in respect of FEE-HELP for Higher Education only and excludes funds received in respect of VET FEE-HELP.
Financial assistance received in cash during the reporting period (total cash received from the Commonwealth for the Programmes)
HECS - HELP FEE-HELP
#4
SA-HELP
Financial assistance received in cash during the reporting period (total cash received from the Commonwealth for the Programmes)
Total
Facilitation Funding Total
THE AUSTRALIAN NATIONAL UNIVERSITY NOTES continued
52. ACQUITTAL OF AUSTRALIAN GOVERNMENT FINANCIAL ASSISTANCE continued
52.3 Scholarships
Notes 2013 2012 2013 2012 2013 2012 2013 2012
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
13,907 12,265 1,186 1,106 (472) 366 (31) 50
Net accrual adjustments - - - - - - - -
Revenue for the Period 2(c) 13,907 12,265 1,186 1,106 (472) 366 (31) 50
Surplus / (deficit) from the previous year 2,213 1,831 (793) (462) 719 388 81 210
Total revenue including accrued revenue 16,120 14,096 393 644 247 754 51 260
Less expenses including accrued expenses 13,657 11,883 1,244 1,437 - 35 113 179
Surplus / (deficit) for reporting period 2,463 2,213 (851) (793) 247 719 (63) 81
#5 Includes Grandfathered Scholarships, National Priority and National Accommodation Priority Scholarships respectively.
52.3 Scholarships continued
Notes 2013 2012 2013 2012 2013 2012
$'000 $'000 $'000 $'000 $'000 $'000
- - (45) 45 14,545 13,832
Net accrual adjustments - - - - - -
Revenue for the Period 2(c) - - (45) 45 14,545 13,832
Surplus / (deficit) from the previous year 19 19 (26) 26 2,213 2,013
Total revenue including accrued revenue 19 19 (71) 71 16,758 15,844
Less expenses including accrued expenses - - (30) 97 14,984 13,631
Surplus / (deficit) for reporting period 19 19 (41) (26) 1,774 2,213
Financial assistance received in cash during the reporting period (total cash received from the Commonwealth for the Programmes)
Indigenous Access Scholarships
Financial assistance received in cash during the reporting period (total cash received from the Commonwealth for the Programmes)
Australian Postgraduate Awards International Postgraduate Research Scholarships
Total
Commonwealth Accommodation Scholarships
#5
Indigenous Staff Scholarships
Commonwealth Education Costs Scholarships
#5
191 Financial information | Annual Report 2013 Annual Report 2013 | Financial information 190 191
THE AUSTRALIAN NATIONAL UNIVERSITY NOTES continued
52. ACQUITTAL OF AUSTRALIAN GOVERNMENT FINANCIAL ASSISTANCE continued
52.4 Education Research
#7
Notes 2013 2012 2013 2012 2013 2012 2013 2012 2013 2012
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
19,697 17,553 168 80 35,795 34,037 13,551 13,866 (555) -
Net accrual adjustments - - - - - - - - - -
Revenue for the Period 2(d) 19,697 17,553 168 80 35,795 34,037 13,551 13,866 (555) -
Surplus / (deficit) from the previous year - - - - - - - - 541 830
Total revenue including accrued revenue 19,697 17,553 168 80 35,795 34,037 13,551 13,866 (14) 830
Less expenses including accrued expenses 19,697 17,553 168 80 35,795 34,037 13,551 13,866 (8) 289
Surplus / (deficit) for reporting period - - - - - - - - (6) 541
#6 Includes Institutional Grants Scheme
52.4 Education Research continued
#7
Notes 2013 2012 2013 2012 2013 2012 2013 2012
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
4,268 18,084 - - 11,397 11,387 84,321 95,007
Net accrual adjustments - - - - - -
Revenue for the Period 2(d) 4,268 18,084 - - 11,397 11,387 84,321 95,007
Surplus / (deficit) from the previous year (1,523) (459) 990 1,304 - - 8 1,675
Total revenue including accrued revenue 2,745 17,625 990 1,304 11,397 11,387 84,329 96,682
Less expenses including accrued expenses 2,745 19,148 - 314 11,397 11,387 83,345 96,674
Surplus / (deficit) for reporting period - (1,523) 990 990 - - 984 8
Financial assistance received in cash during the reporting period (total cash received from the Commonwealth for the Programmes)
Joint Research Engagement Programme
#6
Research Infrastructure Block Grants Commercialisation Training Scheme
#7 The reported surpluses for Joint Research Engagement, JRE Engineering Cadetships, Research Training Scheme, Research Infrastructure Block Grants, Commercialisat’n Training Scheme, Education Investment Fund, Diversity and Structural Adjustment Fund and
Sustainable Research Excellent of
$0.9 million for 2013 are expected to be rolled over for future use by Education.
Total
Financial assistance received in cash during the reporting period (total cash received from the Commonwealth for the Programmes)
Education Investment Fund Diversity and Structural Adjustment Fund Sustainable Research
Excellence
Research Training Scheme JRE Engineering Cadetships
THE AUSTRALIAN NATIONAL UNIVERSITY NOTES continued
52. ACQUITTAL OF AUSTRALIAN GOVERNMENT FINANCIAL ASSISTANCE continued
52.5 Australian Research Council Grants
(a) Discovery
Notes 2013 2012 2013 2012 2013 2012 2013 2012 2013 2012
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
32,719 34,895 23,388 24,194 498 339 7,162 3,693 63,767 63,121
Net accrual adjustments - - - - - - - - - -
Revenue for the Period 2(e)(i) 32,719 34,895 23,388 24,194 498 339 7,162 3,693 63,767 63,121
Surplus / (deficit) from the previous year 21,146 19,429 17,921 11,732 90 12 1,173 - 40,330 31,173
Total revenue including accrued revenue 53,865 54,324 41,309 35,926 588 351 8,335 3,693 104,097 94,294
Less expenses including accrued expenses 31,613 33,178 21,442 18,005 373 261 4,898 2,520 58,326 53,964
Surplus / (deficit) for reporting period 22,252 21,146 19,867 17,921 215 90 3,437 1,173 45,771 40,330
52.5 Australian Research Council Grants continued
(b) Linkages
Notes 2013 2012 2013 2012 2013 2012 2013 2012
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
2,590 6,534 (88) - 5,990 5,842 8,492 12,376
Net accrual adjustments - - - - - - - -
Revenue for the Period 2(e)(ii) 2,590 6,534 (88) - 5,990 5,842 8,492 12,376
Surplus / (deficit) from the previous year 1,917 1,726 90 114 4,184 5,000 6,191 6,840
Total revenue including accrued revenue 4,507 8,260 2 114 10,174 10,842 14,683 19,216
Less expenses including accrued expenses 4,100 6,343 2 24 5,655 6,658 9,758 13,025
Surplus / (deficit) for reporting period 407 1,917 - 90 4,519 4,184 4,925 6,191
Financial assistance received in cash during the reporting period (total cash received from the Commonwealth for the Programmes)
Financial assistance received in cash during the reporting period (total cash received from the Commonwealth for the Programmes)
Projects Fellowships
Indigenous Research Development
International Researcher Exchange Projects
Early Career Researcher Award Total
Infrastructure Total
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
52. ACQUITTAL OF AUSTRALIAN GOVERNMENT FINANCIAL ASSISTANCE continued
52.4 Education Research
#7
Notes 2013 2012 2013 2012 2013 2012 2013 2012 2013 2012
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
19,697 17,553 168 80 35,795 34,037 13,551 13,866 (555) -
Net accrual adjustments - - - - - - - - - -
Revenue for the Period 2(d) 19,697 17,553 168 80 35,795 34,037 13,551 13,866 (555) -
Surplus / (deficit) from the previous year - - - - - - - - 541 830
Total revenue including accrued revenue 19,697 17,553 168 80 35,795 34,037 13,551 13,866 (14) 830
Less expenses including accrued expenses 19,697 17,553 168 80 35,795 34,037 13,551 13,866 (8) 289
Surplus / (deficit) for reporting period - - - - - - - - (6) 541
#6 Includes Institutional Grants Scheme
52.4 Education Research continued
#7
Notes 2013 2012 2013 2012 2013 2012 2013 2012
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
4,268 18,084 - - 11,397 11,387 84,321 95,007
Net accrual adjustments - - - - - -
Revenue for the Period 2(d) 4,268 18,084 - - 11,397 11,387 84,321 95,007
Surplus / (deficit) from the previous year (1,523) (459) 990 1,304 - - 8 1,675
Total revenue including accrued revenue 2,745 17,625 990 1,304 11,397 11,387 84,329 96,682
Less expenses including accrued expenses 2,745 19,148 - 314 11,397 11,387 83,345 96,674
Surplus / (deficit) for reporting period - (1,523) 990 990 - - 984 8
Financial assistance received in cash during the reporting period (total cash received from the Commonwealth for the Programmes)
Joint Research Engagement Programme
#6
Research Infrastructure Block Grants Commercialisation Training Scheme
#7 The reported surpluses for Joint Research Engagement, JRE Engineering Cadetships, Research Training Scheme, Research Infrastructure Block Grants, Commercialisat’n Training Scheme, Education Investment Fund, Diversity and Structural Adjustment Fund and Sustainable Research Excellent of $0.9 million for 2013 are expected to be rolled over for future use by Education.
Total
Financial assistance received in cash during the reporting period (total cash received from the Commonwealth for the Programmes)
Education Investment Fund Diversity and Structural Adjustment Fund Sustainable Research
Excellence
Research Training Scheme JRE Engineering Cadetships
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
52. ACQUITTAL OF AUSTRALIAN GOVERNMENT FINANCIAL ASSISTANCE continued
52.4 Education Research
#7
Notes 2013 2012 2013 2012 2013 2012 2013 2012 2013 2012
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
19,697 17,553 168 80 35,795 34,037 13,551 13,866 (555) -
Net accrual adjustments - - - - - - - - - -
Revenue for the Period 2(d) 19,697 17,553 168 80 35,795 34,037 13,551 13,866 (555) -
Surplus / (deficit) from the previous year - - - - - - - - 541 830
Total revenue including accrued revenue 19,697 17,553 168 80 35,795 34,037 13,551 13,866 (14) 830
Less expenses including accrued expenses 19,697 17,553 168 80 35,795 34,037 13,551 13,866 (8) 289
Surplus / (deficit) for reporting period - - - - - - - - (6) 541
#6 Includes Institutional Grants Scheme
52.4 Education Research continued
#7
Notes 2013 2012 2013 2012 2013 2012 2013 2012
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
4,268 18,084 - - 11,397 11,387 84,321 95,007
Net accrual adjustments - - - - - -
Revenue for the Period 2(d) 4,268 18,084 - - 11,397 11,387 84,321 95,007
Surplus / (deficit) from the previous year (1,523) (459) 990 1,304 - - 8 1,675
Total revenue including accrued revenue 2,745 17,625 990 1,304 11,397 11,387 84,329 96,682
Less expenses including accrued expenses 2,745 19,148 - 314 11,397 11,387 83,345 96,674
Surplus / (deficit) for reporting period - (1,523) 990 990 - - 984 8
Financial assistance received in cash during the reporting period (total cash received from the Commonwealth for the Programmes)
Joint Research Engagement Programme
#6
Research Infrastructure Block Grants Commercialisation Training Scheme
#7 The reported surpluses for Joint Research Engagement, JRE Engineering Cadetships, Research Training Scheme, Research Infrastructure Block Grants, Commercialisat’n Training Scheme, Education Investment Fund, Diversity and Structural Adjustment Fund and Sustainable Research Excellent of $0.9 million for 2013 are expected to be rolled over for future use by Education.
Total
Financial assistance received in cash during the reporting period (total cash received from the Commonwealth for the Programmes)
Education Investment Fund Diversity and Structural Adjustment Fund Sustainable Research
Excellence
Research Training Scheme JRE Engineering Cadetships
193 Financial information | Annual Report 2013 Annual Report 2013 | Financial information 192 193
THE AUSTRALIAN NATIONAL UNIVERSITY
NOTES continued
52. ACQUITTAL OF AUSTRALIAN GOVERNMENT FINANCIAL ASSISTANCE continued
52.5 Australian Research Council Grants continued
(c) Networks and Centres
Notes 2013 2012 2013 2012
$'000 $'000 $'000 $'000
3,308 3,186 3,308 3,186
Net accrual adjustments - - - -
Revenue for the Period 2(e)(iii) 3,308 3,186 3,308 3,186
Surplus / (deficit) from the previous year 937 1,860 937 1,860
Total revenue including accrued revenue 4,245 5,046 4,245 5,046
Less expenses including accrued expenses 3,033 4,109 3,033 4,109
Surplus / (deficit) for reporting period 1,212 937 1,212 937
52.6 OS-HELP
2013 2012
$'000 $'000
669 604
Less expenses including accrued expenses 588 636
Net accrual adjustments - -
81 (32)
Surplus / (deficit) from the previous year 154 186
Surplus / (deficit) for reporting period 235 154
52.7 Student Services and Amenities Fee
2013 2012
$'000 $'000
Unspent/(overspent) revenue from previous period 774 -
1,123 1,057
Student Services Fees direct from Students 4 3,203 1,698
Total revenue expendable in period 5,100 2,755
Student Services expenses during period 3,547 1,981
Surplus / (deficit) for reporting period 1,553 774
* OS-Help receipts from the Australian Government are not included in the Income Statement.
Financial assistance received in cash during the reporting period (total cash received from the Commonwealth for the Programmes)
SA-HELP Revenue Earned
Financial assistance received in cash during the reporting period (total cash received from the Commonwealth for the Programmes)
Centres Total
THE AUSTRALIAN NATIONAL UNIVERSITY NOTES continued
53. PROGRAMS FUNDED BY GRANTS RECEIVED FROM UNITED STATES OF AMERICA FEDERAL GOVERNMENT AGENCIES
Program
1-Jan Income Expenditure 31-Dec 1-Jan Income Expenditure 31-Dec
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
- - - - (142) 173 31 -
- - - - (37) 40 3 -
25 2 27 - - - - -
- 175 45 130 - - - -
- - - - (25) 27 1 -
1 35 27 9 - 56 55 1
- - - - 159 (3) 157 -
142 178 188 132 - 174 32 142
42 1 43 - - 48 5 43
(20) 101 91 (10) - - - -
167 166 172 161 - 309 142 167
- - - - (232) 947 715 -
- 963 963 - - 163 163 -
- 769 769 - - 91 91 -
- 155 155 - - 12 12 -
- - - - (16) 25 8 1
357 2,545 2,480 422 (293) 2,062 1,415 354
Dimensions: Parallel Evolutionary Radiation in Protea and Pelargonium in the Greater Cape Floristic Region
NSF
(BRI) Unified First Principle Analysis of Ultraintense Laser Matter Interactions: Theory, Computatio and Experiments
Air Force
Air Force
Quantum Linear Systems Theory Air Force
Linear Quantum Systems: Non-Classical States and Robust Stability
Control of Calcium Movements in Muscle NIH
What Makes a Message Stick? The Role of Content and Context in Social Media Epidemics
Control Systems Governing Short vs Long Term Humoral and Cellular Immunity Annotation Core C NIH
TOTALS
Systems Approach to Immunity and Inflammation NIH
Control Systems Governing Short vs Long Term Humoral and Cellular Immunity Control Systems Governing Short vs Long Term Humoral and Cellular Immunity Core A: Genetics
NIH
NIH
Air Force
The Dynamic Personalities of Cholinesterases and Phospotriesterases: Importance for Improving Medical Countermeasures Against Poisoning by Chemical Warfare Agents
US Defense Threat Reduction Agency
NASA
The Dynamics of Hunter Gatherer Language Change
NSF
Development of an Artificial Photo-Hydrogenase Department of Energy
Preservation of the 12th-Century Royal Tombs of Tonga
University of Arizona Collaborative Agreement to Search for Near Earth Objects
Department of State
Palynological Analysis of Subfossil Pollen from Lake Temae, Mo'orea Island NSF
Agency 2013 2012
195 Financial information | Annual Report 2013 Annual Report 2013 | Financial information 194 195
THE AUSTRALIAN NATIONAL UNIVERSITY NOTES continued
53.1 Schedule of Expenditure of United States of America Federal Awards ** for the Year ending 31 December 2013
Program or Cluster Title/Federal Grantor/Pass through Grantor
AUD USD AUD USD AUD USD
$'000 $'000 $'000 $'000 $'000 $'000
Research and Development Cluster
National Science Foundation University of California 47.075 28235448 - - 27 27 27 27
University of Connecticut 47.074 17058 - - 45 44 45 44
- - 72 71 72 71
Department of State US Ambassadors Fund for Cultural Preservation 19.025/S-FJ600-12-GR-021 27 26 - - 27 26
27 26 - - 27 26
Department of Defense Air Force, Asian Office of Aerospace Research and Development 12.800/FA2386-12-1-4075 102 98 86 83 188 181
Air Force, Asian Office of Aerospace Research and Development 12.800/FA2386-12-1-4041 43 44 - - 43 44
Air Force, Asian Office of Aerospace Research and Development 12.800/FA9550-12-1-0482
70940
- - 91 88 91 88
Institut De Biologie Structurale CB11-MEDCHEM1-1-0008 - - 172 167 172 167
145 142 349 338 494 480
Department of Health and Human Services The Scripps Research Institute 93.855/1U19AI100627-01 5-24919 - - 963 932 963 932
The Scripps Research Institute 93.855/1U19AI100627-01 5-24921 - - 769 745 769 745
The Scripps Research Institute 93.855/1U19AI100627-01 5-24925 - - 155 150 155 150
- - 1,887 1,827 1,887 1,827
Total Research and Development Cluster 172 168 2,308 2,236 2,480 2,404
Student Financial Aid Cluster Department of Education Direct Loan Program 468 452 - - 468 452
468 452 - - 468 452
Total Student Financial Aid Cluster 468 452 - - 468 452
Total Expenditure of United States of America Federal Awards - Year ending 31 December 2013 640 620 2,308 2,236 2,948 2,856
Average exchange rate for 2013 - 0.9679 - applied to AUD expenditure on Research and Development Cluster
Total Expenditures CFDE/Contract Pass-through Direct Expenditures Pass-through Expenditures
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197 196 Annual Report 2013 Annual Report 2013
I N D E X
This alphabetical index is provided in response to Attachment A (5), Requirements of Annual Reports, 24 June 2013.
A
C
E
F
G
I
Page
Academic structure of the University 104
Access (disability) 110
Alumni Relations & Philantropy 65
Annual results and sources of income 20
Approval by Directors 6
A safe, healthy and sustainable work environment 114
Audit report 126
Community engagement 57
Contact officers 2
Contents 3
Council and Council committees 101
Council and University officers 95
Ecologically sustainable development 117
and environmental performance
Education 22
Environment 117
Financial information 125
Freedom of information (now Information Publication Scheme) 94
Functions of the University’s statutory officers 94
Glossary 198
Governance 92
Government engagement & public policy 47
Indemnities and insurance premiums for officers 109
Information Publication Scheme (IPS) 94
Infrastructure development 82
Innovation 76
International engagement 53
Internet homepage 2
P
R
S
U
W
V
T
Internet address for annual report 2
Introduction by the Vice-Chancellor 8
Letter of transmittal 7
Other legislation - Environmental Protection 117
and Biodiversity Conservation Act 1999
Organisational chart 16
Organisation and functions of the University’s 92
decision-making Council and Boards
Officers for ceremonial occasions 100
Public policy 47
Research 36
Responsible Minister 7
Review of operations 87
Risk management 106
Snapshot 10
Staff 88
Statement by the Council 129
Transmittal letters 7
University Executive 12
University officers 96
Vice-Chancellor introduction 8
Work health and safety 114
I
L
O
199 Review of operations | Annual Report 2013 198 Annual Report 2013
G L O S S A R Y
AASB Australian Accounting Standards Board AAUW American Association for University Women ACT Australian Capital Territory
AGA Australian Government Actuary
ANCLAS Australian National Centre for Latin American Studies ANIPP Australian National Institute of Public Policy ANU The Australian National University
ANUSA ANU Students’ Association ANZSOG Australia and New Zealand School of Government APPS Asia and the Pacific Policy Studies
APRU Association of Pacific Rim Universities ARC Australian Research Council
ARMC Audit and Risk Management Committee ARPANSA Australian Radiation Protection and Nuclear Safety Agency AS Asperger’s Syndrome
ASP Autism Spectrum Disorder
ATAR Australian Tertiary Admission Rank AWRU Academic World Ranking of Universities BURF Better Universities Renewal Funding CAC Act Commonwealth Authorities and Companies Act 1997 CAP ANU College of Asia and the Pacific
CBE ANU College of Business and Economics CEQ Course Experience Questionnaire CIT Canberra Institute of Technology
CMHR Centre for Mental Health Research CPU Central Processing Unit
CRC Cooperative Research Unit
CREW Campaign to Reduce Energy and Water CRIS Collaborative Research Infrastructure Scheme CSIRO Commonwealth Scientific and Industrial Research Organisation CSS Commonwealth Superannuation Scheme Cth Commonwealth
DFAT Department of Foreign Affairs and Trade DIISRTE Department of Industry, Innovation, Science, Research and Tertiary Education DLP Defects Liability Period
DSC Disability Services Centre
DSTO Defence Science and Technology Organisation EAP Education Access Plan
EFTSL Equivalent Full-time Student Load EIF Education Investment Fund
EMP Environmental Management Plan
EPBC Environment Protection and Biodiversity Conservation Act 1999 Cwth ERA Excellence in Research Australia
ERMF ANU Entity-wide Risk Management Framework
ESD Ecologically Sustainable Development EEOP Federal Energy Efficiency Opportunities Program FEE-HELP Loan scheme assisting eligible fee paying students to pay all or part of tuition fees FMO Finance Minister’s Orders
FTE Full-time Equivalent
Go8 Group of Eight universities
GSP Global Summer Program
HDR Higher Degree by Research
HEA United Kingdom Higher Education Academy HECS Higher Education Contribution Scheme HEFA Higher Education Funding Act
HELP Higher Education Loan Program HESPG Higher Education Special Purpose Grant HHF Health and Hospital Fund
IARU International Alliance of Research Universities ICT Information and Communications Technology IPS Information Publication Scheme (replaces Freedom of Information) ITS Information Technology Services
JCSMR The John Curtin School of Medical Research LIEF Linkage Infrastructure, Equipment and Facilities MDB Murray Darling Basin
MNRF Major National Research Facilities MoU Memorandum of Understanding
MP Member of Parliament
MW Megawatts
NALO North American Liaison Office
NASA National Aeronautics and Space Administration NCI National Computational Infrastructure NCRIS National Collaborative Research Infrastructure Strategy NHMRC National Health and Medical Research Council NSC National Security College
OHS Occupational Health and Safety
PARSA ANU Postgraduate and Research Students’ Association SELT Student Evaluation of Learning and Teaching SII Systemic Infrastructure Initiative
TEQSA Tertiary Education Quality and Standards Agency THE Times Higher Education
T&LC Teaching and Learning Capabilities UNSW University of New South Wales
WHS Work Health and Safety
200 Annual Report 2013
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Annual Report 2013 | ANU in 2013 202
C O N T A C T
Further information about ANU www.anu.edu.au
Course and other academic information: Director, Division of Student Recruitment and Admissions The Australian National University Canberra ACT 0200 T +61 2 6125 5594
General information: Director, Marketing Office The Australian National University Canberra ACT 0200 T +61 2 6125 2252
Published by: The Australian National University
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