Queensland Art Gallery Annual Report 1997-98

Queensland Art Gallery Board of Trustees Notes to and forming part of the Accounts NOTE 7. Art works Balance - 1July 106,895 106,660 for year ended 30 June 1998 Purchases/Gifts 773 276 107,668 106,936 1998 1997 $'000 $'000 Less Deaccessioned Art Works 3 NOTE 2. Employee expenses Leave Expenses 44 107,668 106,933 Other 39 Overtime and Allowances 135 Asset Revaluation Reserve Payroll and Fringe Benefits Tax 242 - lncrement/(Decrement) 2,084 (38) Salaries and Wages 3,742 Staff Recruitment and Training 43 Balance - 30 June 109,752 106,895 Superannuation 491 Workers Compensation 40 NOTE 8. Plant and equipment Cost 745 680 4,776 Less Accumulated Depreciation 413 271 NOTE 3. Supplies and services 332 409 Access, Education and Regional Services 100 Communications 39 NOTE 9. Research library materials Conservation 85 Balance - 1 July 815 815 Exhibitions 168 Asset Revaluation Reserve - lncrement/(Decrement) 93 Fees - Audit External 7 Fees - Provision of Services 217 Balance - 30 June 908 815 Freight and Postage 199 Insurance 102 Maintenance of Equipment 109 NOTE 10. Borrowings Office Expenses 131 Other Expenses 55 Current Printing and Publications 124 Loan - Queensland Treasury 20 25 Promotions and Public Relations 227 Qld Cultural Centre Trust Charges 1,945 Non-Current Reference Books and Materials 58 Loan - Queensland Treasury 20 Travel Expenses 168 Total Borrowings 20 45 3,734 NOTE 4. Other income NOTE 11. Provisions - employee entitlements Donations and Bequests 369 421 Exhibition Income and Scholarships 151 (253) Current Gain/(Loss) on Sale of Plant and Equipment 6 (5) Long Service Leave 120 87 Gain/(Loss) on Deaccessioning of Art Works 1 Recreation Leave 451 466 Grants 119 Interest Earned 153 148 Total Current 571 553 Interest Receivable 15 3 Operating Income 112 93 Non-Current Long Service Leave 537 779 925 408 Total Non-Current 537 779 NOTE 5. Receivables Trade Debtors 136 88 Total Provisions - Employee Entitlements 1,108 1,332 Less Provision for Doubtful Debts 136 88 NOTE 12. Asset revaluation reserve Travel Expenses - Advances 17 Other 238 Balance - 1July 8,180 8,218 Interest Receivable 18 3 lncrement/(Decrement) - Library Research Materials 93 409 91 lncrement/(Decrement) - Art Works 2,084 (38) NOTE 6. Investments Balance - 30 June 10,357 8,180 Bank Bills and Term Deposits 2,041 1,347 2,041 1,347 56