Queensland Art Gallery Annual report 1999-2000

ILI Queensland Art Gallery Irli (f) Amortisation and Depreciation QUE ENS L AND A R T GALLERY BOARD O F TRUSTEES Depreciation is charged on plant and equipment using the straight-line Notes to and forming part of the Accounts for year ended 30 June 2000 method at rates based on the estimated useful life of the assets to the Art Gallery. For each class of depreciable asset the following depreciation rates 2000 1999 were used: /YflflC) $'flQC) Class Depreciation Rates NOTE 2 EMPLOYEE EXPENSES Computers 30% Long Service Leave Expenses 70 79 Motor Vehicles 25% Other 81 64 Other 10% Overtime and Allowances 356 324 Printers 20% Payroll and Fringe Benefits Tax 360 279 Recreation Leave Expenses 338 364 Salaries and Wages 3 945 3 822 (g) Provision for Employee Entitlements Staff Recruitment and Training 36 28 Provision has been made for the liability for various employee entitlements Superannuation 628 583 and related costs in accordance with the Australian Accounting Standard, Workers' Compensation 26 18 AAS30: Accounting for Employee Entitlements. Recreation Leave is accrued and shown as a current liability. 5 840 5 561 Accumulated Sick Leave does not normally exceed the Sick Leave taken in any year. Consequently no liability has been brought to account. NOTE 3 SUPPLIES AND SERVICES In 1999-2000, a new long service leave scheme became operative Access, Education and Regional Services 179 105 whereby a levy is made on the Gallery to cover this expense and amounts Communications 67 60 paid to employees for long service leave are claimed from the scheme as a Conservation 50 89 reimbursement. The balance of the provision for long service leave that Exhibitions 362 228 existed at 30 June 1999 has been adjusted against general equity as at the Fees - Audit External 10 8 commencement of the current reporting period. Fees - Provision of Services 390 150 Freight and Postage 382 139 (h) Services Provided by the Corporate Administration Agency Insurance 74 79 The Arts Legislation Amendment Act 1997 transferred the assets and Maintenance of Equipment 103 77 liabilities of the Queensland Cultural Centre Trust that was abolished in Office Expenses 251 130 December 1997 to the State and the Corporate Administration Agency Other Expenses 107 96 (CPA) became the manager of the Cultural Centre precinct. The CAA Printing and Publications 84 74 provides a number of services to the Gallery at the Queensland Cultural Promotions and Public Relations 225 141 Centre. These services include building maintenance and repairs, electricity, CAA Charges 1 656 1 899 security, cleaning, air-conditioning and telephone rental. The cost of these Reference Books and Materials 56 70 services to the Queensland Art Gallery for the 1999/2000 year was Travel Expenses 349 132 $1 655 678. (Note 3) 4 3 4 5 3477 (i) Leasing Arrangements The Board of Trustees has a signed lease agreement with the Queensland NOTE 4 OTHER INCOME Cultural Centre Trust for the main Art Gallery building located in the Donations and Bequests 345 334 Queensland Cultural Centre Complex. The CAA does not charge rent on Exhibition Income and Scholarships 205 132 the premises occupied by the Art Gallery. The provision of the building and Gain/(Loss) on Sale of Plant and Equipment 17 37 items of fitout, including plant and equipment, form part of this agreement. Gain/(Loss) on Deaccessioning of Art Works 23 4 Grants 203 427 Interest Earned 51 103 Interest Receivable 33 11 Operating Income 274 216 1151 1264 NOTE 5 RECEIVABLES Trade Debtors 215 20 Other 18 52 Interest Receivable 33 11 266 83 NOTE 6 INVESTMENTS Bank Bills and Term Deposits 888 1197 888 1197 Q