CQUniversity Annual Report - Central Queensland University

CQUniversity ANNUAL REPORT 2012(a) Movements in provisionsCentral Queensland Universityand Controlled EntitiesNotes to the Financial Statementsfor the year ended 31 December 2012Movements in each class of provision during the financial year, other than employee benefits, are set out below:GrantRecovery2012Consolidated$'000CurrentCarrying amount at start of year 1,454Additional provisions recognised 3,424Amounts used (1,398)Unused amounts reversed -Carrying amount at end of year 3,48039ANNUAL FINANCIAL STATEMENTSGrant recoveryProvision is made for estimated recovery of Australian Government financial assistance in particular Commonwealth Grants Scheme,HECS-HELP and Commonwealth Scholarships due to lower than expected student enrolments.Make Good2012$'000Non-currentCarrying amount at start of year 2,822Additional provisions recognised 999Unused amounts reversed -Change in estimated cashflows 147Increase/(decrease) in discounted amount 183Carrying amount at end of year 4,151Leasehold improvements - make goodProvision is made for estimated make good expenses in accordance with the terms of the lease agreements for premises at 400 KentStreet Sydney, 90 Goodchap Street Noosaville, 160 Ann Street Brisbane, 44 Greenhill Road Wayville and 134 -140 Little Lonsdale StreetMelbourne. The leases have termination dates of 2022, 2021, 2020 and 2016 respectively when it is expected that these obligations willbe realised.ConsolidatedParent Entity2012 2011 2012 2011$'000 $'000 $'000 $'000Note 30. Other liabilitiesCurrentRevenue received in advance 10,577 15,326 10,566 15,329Building lease liability* 491 693 491 693Other 3,012 3,689 2,997 3,174Total current other liabilities 14,080 19,708 14,054 19,196Non-currentBuilding lease liability* 16,741 12,559 16,741 12,559Total non-current other liabilities 16,741 12,559 16,741 12,559Total other liabilities 30,821 32,267 30,795 31,755*This accumulated liability relates to the University's operating leases for the Australian International Campuses' premises which areexpensed on a straight-line basis over the terms of the individual lease in accordance with AASB 117. This liability is over theremaining life of the leases.