Queensland Art Gallery Annual Report 1997-98

Queensland Art Gallery Board ol Trustees Statement ot Cash Flows tor year ended 30 June 1998 Note 1998 1997 $'000 $'000 Cash flows used in operating activities Inflows: Gallery Store Operations 785 597 Interest Received 152 166 Other 810 257 Outflows: Program Delivery (8,987) (8,603) Gallery Store Operations (826) (615) Other (279) (196) Interest Paid (2) (5) Net Cash Used By Operating Activities 13 (8,347) (8,399) Cash flows from investing activities Inflows: Proceeds from Disposal of Plant and Equipment 30 62 Proceeds from Deaccessioning of Art Works 3 Outflows: Purchases of Art Works (610) (502) Purchases of Property, Plant and Equipment (56) (198) Net Cash Used In Investing Activities (636) (635) Cash flows from Government Inflows: Endowment 8,885 8,454 Outflows: Repayment of Loan (25) (22) Net Cash Provided By Government 8,860 8,432 Net lncrease/(Decrease) In Cash (123) (602) Cash At Beginning of Year 1,492 2,094 Cash At End Of Year 14 1,369 1,492 To be read in conjunction with the attached notes 54