Queensland Art Gallery Annual Report 1991-92

F I NANC I AL STATEMENT 1990-91 1991-92 GALLERY SHOP $ TRAD I NG ACCOUN T FOR 440 729 Sales 559 294 T HE YEAR ENDED 30 JUNE 1992 225 912 Less cost of Goods Sold (Note I) 351 814 214 817 Gross Profit transferred to Profit and Loss Account 207 480 1990-91 99192 GALLERY SHOP PROFIT A N D LOSS ACCOUN T FOR Income for the year was: 226 556 T HE YEAR ENDED 30 JUNE 1992 This was earned from: 214 817 Gross Profit from Trading Account 207 480 7 724 Interest 19 076 Expenditure for the year was: 146 983 This consisted of: 74 349 Wages 82 826 4 18 Bank Charges 5 424 I 398 Miscellaneous Supplies 19 120 7 973 Other Expenses 25 831 87 Depreciation 302 4 869 Discount Allowed 6 990 5 810 Provision for Annual Leave 6 490 133 937 Resulting in net profit for the year of 79 573 289 647 Accumulated Funds at at I July 423 584 Less reduction in advance from Queensland - Art Gallery (Note 2) 14 171 409 413 $423584 Accumulated Funds as at 30 June $488 986 59