Queensland Art Gallery Annual Report 1991-92

F I NANC I AL STATEMENT GALLERY SHOP 191 1992 BALANCE SHEET AS AT 30 JUNE 1992 Current Assets 40 863 Cash at Bank and on Hand 137286 200 000 Short Term Investments - 148 494 Stock on Hand 244991 10 925 Sundry Debtors 21 386 403 663 Non-Current Assets 380 Plant and Equipment (Note 3) 16 670 30 941 Office Construction 122 149 138 819 Total Assets 542 482 Current Liabilities - 455 Sundry Creditors 51 322 7 564 Provision for Annual Leave (Note 4) 2 174 Total Liabilities 53 496 $423 584 NET ASSETS $488 986 Equity 423 584 Accumulated Funds 488 986 $423 584 TOTAL EQU I TY $488 986 GALLERY SHOP 1992 STATEMENT OF CASH FLOWS FOR Inflows THE YEAR ENDED 30 JUNE 1992 (Outflows) Cash flows from operating activities Receipts from customers 541 842 Payments to suppliers and employees (542 524) Interest received 19 076 Ne t cash provided by operating activities (Note 5) 18 394 Cash flows from investing activities Payment for property, plant and equipment (107 800) Ne t cash used in investing activities (107 800) Cash flows from financing activities Repayment of borrowings (14 171) Ne t cash used in financing activities (14 171) Ne t decrease in cash held (103 577) Cash at the beginning of the year 240 863 Cash at the end of the year (Note 6) $137 286 60