Queensland Art Gallery Annual Report 1994-95

Financial Statements - QUEENSLAND ART GALLERY BOARD OF TRUSTEES NOTES TO AND FORMING PART OF THE ACCOUNTS FOR YEAR ENDED 30 JUNE 1995 NOTE 17 PROVISIONS- EMPLOYEE ENTITLEMENTS Current Recreation Leave Sick Leave Total Current Non Current Long Service Leave Total Non-Current TOTAL PROVISIONS- EMPLOYEE ENTITLEMENTS NOTE 18 1995 $ '402,865 138,025 $540,890 $742,079 $742,079 $1 ,282,969 Reconciliation of change in net assets resulting from operations with net cash used by operating activities. Change in net assets resulting from operations Depreciation - Plant and Equipment Gain on sale of Plant and Equipment Loss on deaccessioning of Art Works Change in provisions Employee entitlements Capital contribution from Government Investing activities Change in net assets and liabilities (Decrease)/lncrease in creditors and borrowings Decrease/(lncrease) in receivables Decrease/(lncrease) in prepayments Decrease/(lncrease) in inventories Net cash used by operating activities NOTE 19 2,073,386 101,246 (29,306) 47,01 7 206,161 (9,276,050) 162,210 (228,642) (91,507) 68,738 ($6,966,747) 1994 $ 302,817 $302,817 $389,151 $389,151 $691,968 (124,347) 97,653 15,495 (8,024,400) 838,638 (592,931) 2.356 89,184 ($7,698,352) For the purposes of the Statement of Cash Flows, c;fsh 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: Cash Investments 214,808 1,550,000 $1,764,808 527,415 850,000 $1,377,415