Queensland Art Gallery Annual Report 1994-95

APPENDIX Flnanclal Statements - QUEENSLAND ART GALLERY BOARD OF TRUSTEES STATEMENT OF CASH FLOWS FOR YEAR ENDED 30 JUNE 1995 1995 1994 Note $ $ CASH FLOWS USED IN OPERATING ACTIVITIES Inflows: Gallery Shop operat ions 701,997 816,647 Interest received 141,875 103,286 Other 1,007,296 841 ,142 Outflows: Program delivery (8,183,185) (8,068,883) Gallery Shop operations (504,550) (909,569) Other ( 119,945) (478,686) Interest paid (10,235) (2,289) Net cash used by operating activities 18 ($6,966,747) ($7,698,352) CASH FLOWS FROM INVESTING ACTIVITIES Inflows: Proceeds from disposal of Plant and Equipment 53,895 Proceeds from deaccessioning of Art Works 35,982 Outflows: Acquisition - Art Works (1,663,832) (838,638) Purchases of Property, Plant and Equipment (329,712) (85,831 ) Net cash used in investing activities ($1,903,667) ($924,469) CASH FLOWS FROM GOVERNMENT Inflows: Endowment 8,276,050 8,024,400 Grant 1,000,000 Loan 110,000 Outflows: Repayment of Loan ( 18,243) (4,490) Net cash provided by Government $9,257,807 $8,129,910 Net increase/(decrease) in cash 387,393 (492,911 ) Cash at beginning of year $1,377,415 $1,870,326 Cash at end of year 19 $1 ,764,808 $1 ,377,415