Queensland Art Gallery Annual Report 1995-96

F I NANC I AL STATEMENTS NOTES TO A N D FORMING PART NOTES T O A N D FORMING PART OF THE ACCOUNTS OF T HE ACCOUNTS FOR YEAR ENDED 30 JUNE 1996 FOR YEAR ENDED 30 JUNE 1996 996 1995 1996 1995 5'000 5'000 51000 s'oOO NOTE 2 SALARIES NOTE 7 OTHER INCOME Administration and Finance Program 2,269 2,313 Donations and Bequests 484 283 Curatorial Services Program 1,143 1,015 Exhibition Income and Scholarships (149) 436 Public Programs 1,157 965 Gain/(Loss) on Sale of Plant Equipment - 29 International Programs 192 159 Gain/(Loss) on Deaccessioning of Art Works (54) (47) Grants 106 25 $4,761 $4,452 Interest Earned 191 130 Interest Receivable 19 35 Operating Income 79 267 NOTE 3 ADMINISTRATION A N D , 0 , F I N A N C E PROGRAM $676 $1,1S8 Catering and Functions 17 22 Computerisation 103 6 Freight and Cartage 20 25 NOTE 8 ARTWORKS Insurance 91 26 Opening Balance - I July 96,740 96,065 Maintenance of Plant and Equipment 12 10 Acquisitions/Gifts 869 1,730 Office Expenses 317 320 Other Expenses 78 32 97,609 97,795 QId Cultural Centre Trust Charges 2,110 2,069 Less Deaccessioned Art Works 138 83 Staff Recruitment and Training 59 71 97,471 97,712 Travel Expenses 72 50 Abnormal Item - Revaluation of Art Works 0 0 0 $2,979 $2,731 -Increment/(Decrement) 971 (971) Asset Revaluation Reserve - Increment/(Decrement) 8,218 - NOTE 4 CURATORIAL SERVICES PROGRAM Conservation 25 27 $106,660 $96,741 Membership Fees IS IS Other Expenses 45 21 NOTE 9 ASSET REVALUATION RESERVE - Photography 27 22 ART WORKS Purchase of Equipment 33 41 Reference Books 46 60 Opening Balance I July - - lncrement/(De0 0crement) . . 0 0 . 0 0 0 . . . . 08,218 0 . 0 . 0- $191 0 . . . 0 . . . . . . . 0 0 0 0 0 . . . 0 0 . . . 0 0 0 0 0 0$186 Closing Balance $8,218 - NOTE 5 PUBLIC PROGRAMS NOTE 10 RECEIVABLES Education and Regional Services 71 31 Trade Debtors 62 273 Exhibitions 109 76 Less Provision for Doubtful Debts I 3 Maintenance of Plant and Equipment 24 14 Office Expenses 180 103 61 270 Other Expenses 57 14 Interest Receivable 18 35 P r o m o t i o n s 8 3 47 . . . * . . . . . . . . . . . . . . . . 0 , * Purchase of Equipment 34 45 $79 $305 Travel Expenses 17 10 $575 $340 NOTE II INVESTMENTS Bank Bills and Term Deposits 1,835 1,550 NOTE 6 INTERNATIONAL PROGRAMS $1,835 $1,550 Developmental 17 23 Exhibitions (59) 574 ($42) $597