Queensland Art Gallery Annual report 1999-2000

Queensland Art Gallery QUE ENS L AND A R T GALLERY BOARD O F TRUSTEES QU E E N S L AND A R T GALLERY BOARD O F TRUSTEES Operating Statement for year ended 3 0 June 2000 Statement of Financial Position as at 3 0 June 2000 Note 2000 1999 Note 2000 1999 $1000 $'OOo $1000 $'OOO COST OF SERVICES CURRENT ASSETS Operating Expenses Cash 22 416 Program Delivery Expenses Receivables 5 266 83 Employeee Expenses 2 5 840 5 561 Investments 6 888 1197 Supplies and Services 3 4 345 3 477 Loans and Advances 2 2 Other Expenses 31 23 Inventories - Gallery Store 394 266 Prepayments 45 134 Non-Program Delivery Expenses Associated Acquisition Costs - Art Works 8 20 Total Current Assets 1 617 2098 Operating Expenses 269 83 Gallery Store Expenses 782 902 NON-CURRENT ASSETS Other Expenses 258 244 Art Works 7 125 000 118 503 Depreciation and Amortisation 170 121 Plant and Equipment 8 320 340 Research Library Materials 9 - 900 985 Total Operating Expenses 1170310431 Total Non-Current Assets 126 220 119 828 Operating Revenue from Independent Sources TOTAL ASSETS 127837 121 926 Gallery Store Revenue 987 735 Other Revenues 4 1151 1 264 CURRENT LIABILITIES Creditors 573 60 Total Operating Revenue from Independent Provisions - Employee Entitlements 10 493 565 Sources 2138 1999 Total Current Liabilities 1 066 625 NET COST OF SERVICES (9 565) (8 432) NON-CURRENT LIABILITIES REVENUE FROM GOVERNMENT Provisions - Employee Entitlements 10 - - 646 Grant 9 3 2 5 9057 Total Non-Current Liabilities - 646 CHANGE IN NET ASSETS RESULTING FROM OPERATIONS (240) 625 TOTAL LIABILITIES 1 066 1 271 Accumulated Funds at 1 July 102 043 101 418 NET ASSETS 126 771 120 655 ACCUMULATED FUNDS AT 30 JUNE 101 803 102 043 EQUITY Accumulated results from operations 101 803 102 043 General Equity 718 - Asset Revaluation Reserves 11 2 4 2 5 0 18 612 TOTAL EQUITY 126 771 120 655 To be read in conjunction with the attached notes I n be react iii conjnnctrorn natO the attached rates 0