CQUniversity Annual Report - Central Queensland University

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