CQUniversity Annual Report - Central Queensland University
CQUniversity Annual Report - Central Queensland University
CQUniversity Annual Report - Central Queensland University
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26<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Consolidated<br />
Parent Entity<br />
Notes 2012 2011 2012 2011<br />
$'000 $'000 $'000 $'000<br />
Note 9. Gain on assets acquired at less than fair value<br />
Gain on assets acquired at less than fair value - 8,081 - 8,081<br />
During 2011 the Group acquired property at 5 Ibis Avenue, Rockhampton. This acquisition resulted from an ‘arms-length’ transaction. A<br />
subsequent valuation as at 31 October 2011 was performed by MD Sheehan (AAPI), Registered valuer No. 1011 which resulted in a gain<br />
on assets acquired at less than fair value.<br />
Note 10. Employee related expenses<br />
Academic<br />
Salaries 60,742 54,292 49,150 42,554<br />
Contribution to funded superannuation and pension schemes 8,199 7,412 7,548 6,752<br />
Payroll tax 3,330 2,913 2,901 2,499<br />
Worker's compensation 161 167 118 117<br />
Long service leave expense 1,286 1,398 1,174 1,224<br />
<strong>Annual</strong> leave 4,199 3,729 4,212 3,710<br />
Other 136 120 89 78<br />
Total academic 78,053 70,033 65,192 56,936<br />
Non-academic<br />
Salaries 64,395 57,680 49,080 44,254<br />
Contribution to funded superannuation and pension schemes 9,088 8,467 7,578 6,920<br />
Payroll tax 3,760 3,472 2,758 2,500<br />
Worker's compensation 211 244 124 129<br />
Long service leave expense 1,505 1,719 1,231 1,305<br />
<strong>Annual</strong> leave 4,454 3,983 4,468 3,933<br />
Other 166 201 109 132<br />
Total non-academic 83,579 75,764 65,348 59,172<br />
Total employee related expenses 161,632 145,797 130,540 116,108<br />
Included in salaries are redundancy payments in the amount of $4,773,045 (Parent entity); $2,185,494 (C Management Services Pty Ltd).<br />
The number of employees including full-time, part-time and casual,<br />
measured on a full-time equivalent basis is:<br />
Number of employees 1370 1379 1178 1151<br />
Note 11. Depreciation and amortisation<br />
Depreciation<br />
Buildings 5,693 4,624 5,693 4,625<br />
Infrastructure 605 607 605 607<br />
Leasehold improvements 1,398 1,653 1,392 1,653<br />
Motor vehicles 661 601 660 601<br />
Computing equipment 1,059 1,200 616 696<br />
Plant and equipment 1,662 1,268 1,456 1,084<br />
Total depreciation 11,078 9,953 10,422 9,266<br />
Amortisation<br />
Computer software 3,249 3,085 3,161 2,973<br />
Total amortisation 3,249 3,085 3,161 2,973<br />
Total depreciation and amortisation 14,327 13,038 13,583 12,239
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