CQUniversity Annual Report - Central Queensland University

CQUniversity ANNUAL REPORT 2012
33
Note 25. Property, plant and equipment
Construction
in progress Freehold land
Central Queensland University
and Controlled Entities
Notes to the Financial Statements
for the year ended 31 December 2012
Freehold
buildings
Plant and
equipment
Leasehold
improvements
Other work in
progress
Library &
collections Infrastructure Total
Consolidated $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
At 1 January 2011
- Cost 7,994 - - 32,426 10,345 3,407 - - 54,172
- Valuation - 39,115 179,562 - - - 1,536 14,717 234,930
Accumulated depreciation - - (28,291) (25,252) (7,554) - - (6,715) (67,811)
Net book amount 7,994 39,115 151,271 7,174 2,792 3,407 1,536 8,002 221,291
Year ended 31 December 2011
Opening net book amount 7,994 39,115 151,271 7,174 2,792 3,407 1,536 8,002 221,291
Adjustment relating to prior period - - (402) 39 - - (8) 401 30
Revaluation surplus/(deficit) - 596 1,583 - - - 339 61 2,579
Additions 15,069 4,300 9,550 3,652 207 7,288 18 363 40,447
Disposals - - - (401) - - (7) - (408)
Depreciation charge - - (4,624) (3,069) (1,653) - - (607) (9,953)
Capitalisation (19,317) - 19,101 2,240 6,093 (8,333) - 216 -
Closing net book amount 3,746 44,011 176,479 9,635 7,439 2,362 1,878 8,436 253,986
At 31 December 2011
- Cost 3,746 - - 35,752 16,645 2,362 - - 58,505
- Valuation ¹
- 44,011 209,553 - - - 1,878 15,955 271,397
Accumulated depreciation - - (33,074) (26,117) (9,206) - - (7,519) (75,916)
Net book amount 3,746 44,011 176,479 9,635 7,439 2,362 1,878 8,436 253,986
Year ended 31 December 2012
Opening net book amount 3,746 44,011 176,479 9,635 7,439 2,362 1,878 8,436 253,986
Adjustment relating to prior period - - - - - - - - -
Revaluation surplus/(deficit) - 401 1,719 - - - 1,090 71 3,281
Additions 11,520 - - 4,605 1,243 4,254 96 - 21,718
Disposals - - - (335) - - (10) - (345)
Depreciation charge - - (5,693) (3,382) (1,397) - - (605) (11,077)
Capitalisation (12,067) - 11,376 1,316 4,389 (5,178) - 164 -
Closing net book amount 3,199 44,412 183,881 11,839 11,674 1,438 3,054 8,066 267,563
At 31 December 2012
- Cost
3,199 - - 38,934 22,261 1,438 - - 65,832
- Valuation ¹
- 44,412 223,013 - - - 3,054 16,281 286,760
Accumulated depreciation - - (39,132) (27,095) (10,587) - - (8,215) (85,029)
Net book amount 3,199 44,412 183,881 11,839 11,674 1,438 3,054 8,066 267,563
ANNUAL FINANCIAL STATEMENTS