Queensland Art Gallery Annual Report 1993-94

F INANC IAL STATEMENTS 1994 1993 Note $ $ C A S H FLOWS U S E D IN OPERAT I NG ACTIVITIES Inf lows: Gallery Shop operations 816,647 1,080,500 Interest received 103,286 97,209 Q U E E N S L A N D A R T G A L L E R Y Other 8 4 1 , 1 4 2 1,089,879 B O A R D O F T R U S T E E S Outflows STATEMENT OF Program delivery (8,068,883) (7,584,735) Gallery Shop operations (909,569) (799,344) CASH FLOWS Other (478,686) (205,498) FOR Y E A R ENDED Interest paid (2,289) - 3 0 J UNE 1 9 9 4 N e t c a s h u s e d b y o p e r a t i n g a c t i v i t i e s 2 ( 7 , 6 9 8 , 3 5 2 ) (6,321,989) C A S H FLOWS F R OM INVESTING ACTIVITIES Outflows: Acquisition — Art Works (838,638) (592,923) Purchases of property, plant and equipment (85,831) (75,700) N e t c a s h u s e d i n i n v e s t i n g a c t i v i t i e s ( 9 2 4 , 4 6 9 ) (668,623) C A S H F L O W S F R O M GOVERNMENT Inflows: Endowment 3,758,723 3,677,000 Salaries 4,265,677 3,994,000 Loan 110,000 - Outf lows: Repayment of Loan (4,490) - N e t c a s h p r o v i d e d b y G o v e r n m e n t 8 , 1 2 9 , 9 1 0 7,671,000 N e t i n c r e a s e in c a s h ( 4 9 2 , 9 1 1 ) 680,388 C a s h a t b e g i n n i n g o f y e a r 1 , 8 7 0 , 3 2 6 1,189,938 C a s h a t e n d o f y e a r 1 1 , 3 7 7 , 4 1 5 1,870,326 N o t e s t o t h e S t a t e m e n t o f C a s h Flows 1. For the purposes of the Statement of Cash Flows, cash includes cash on hand and in banks and investments in money market instruments. Cash at the end of the financial year as shown in the Statement of Cash Flows is reconciled to the related items in the Statement of Financial Position as follows: 1 9 9 4 1993 $ $ Cash 527,415 620,326 Investments 850,000 1,250,000 1 , 3 7 7 , 4 1 5 1,870,326 62