CQUniversity Annual Report - Central Queensland University

CQUniversity ANNUAL REPORT 201233Note 25. Property, plant and equipmentConstructionin progress Freehold landCentral Queensland Universityand Controlled EntitiesNotes to the Financial Statementsfor the year ended 31 December 2012FreeholdbuildingsPlant andequipmentLeaseholdimprovementsOther work inprogressLibrary &collections Infrastructure TotalConsolidated $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000At 1 January 2011- Cost 7,994 - - 32,426 10,345 3,407 - - 54,172- Valuation - 39,115 179,562 - - - 1,536 14,717 234,930Accumulated 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 8,002 221,291Year ended 31 December 2011Opening net book amount 7,994 39,115 151,271 7,174 2,792 3,407 1,536 8,002 221,291Adjustment relating to prior period - - (402) 39 - - (8) 401 30Revaluation surplus/(deficit) - 596 1,583 - - - 339 61 2,579Additions 15,069 4,300 9,550 3,652 207 7,288 18 363 40,447Disposals - - - (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 8,436 253,986At 31 December 2011- Cost 3,746 - - 35,752 16,645 2,362 - - 58,505- Valuation ¹- 44,011 209,553 - - - 1,878 15,955 271,397Accumulated 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 8,436 253,986Year ended 31 December 2012Opening net book amount 3,746 44,011 176,479 9,635 7,439 2,362 1,878 8,436 253,986Adjustment relating to prior period - - - - - - - - -Revaluation surplus/(deficit) - 401 1,719 - - - 1,090 71 3,281Additions 11,520 - - 4,605 1,243 4,254 96 - 21,718Disposals - - - (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 8,066 267,563At 31 December 2012- Cost3,199 - - 38,934 22,261 1,438 - - 65,832- Valuation ¹- 44,412 223,013 - - - 3,054 16,281 286,760Accumulated 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 8,066 267,563ANNUAL FINANCIAL STATEMENTS