Queensland Art Gallery Annual Report 1993-94

F INANC IAL STATEMENTS 1994 1993 Note $ $ C U R R E N T ASSETS Cash 527,415 620,326 Receivables 4 76,455 78,811 - Investments 5 850,000 1,250,000 Inventories—Gallery Shop 408,498 497,682 Q U E E N S L A N D A R T GALLERY T o t a l C u r r e n t A s s e t s 1 , 8 6 2 , 3 6 8 2 , 4 4 6 , 8 1 9 B O A R D O F TRUSTEES NON - CURR E N T ASSETS Plant and Equipment 6 364,634 355,237 STATEMENT OF Total N o n - C u r r e n t A s s e t s 3 6 4 , 6 3 4 3 5 5 , 2 3 7 FINANCIAL POSITION TOTAL A S S E T S 2 , 2 2 7 , 0 0 2 2 , 8 0 2 , 0 5 6 A S AT 3 0 J UNE 1994 C U R R E N T LIABILITIES Creditors and Borrowings 7 202,890 776,902 Provisions 8 691,968 676,473 T o t a l C u r r e n t Liabilities 8 9 4 , 8 5 8 1,453,375 NON - CURR E N T LIABILITIES Creditors and Borrowings 7 86,590 - T o t a l N o n - C u r r e n t Liabilities 8 6 , 5 9 0 - TOTAL LIABILITIES 9 8 1 , 4 4 8 1,453,375 N E T A S S E T S 1 , 2 4 5 , 5 5 4 1,348,681 EQUITY Accumulated results from operations 1,245,554 1,348,681 T O T A L E Q U I T Y 1 , 2 4 5 , 5 5 4 1,348,681 61