Queensland Art Gallery Annual Report 2001-02

In) Insurance The Gallery's non-current physical assets and other risks are insured through the Queensland Government Insurance Fund, premiums being paid on a risk assessment basis. In addition, the Gallery pays premiums to Workcover Queensland in respect of its obligations for employee compensation. lo) Rounding and Comparatives Amounts included in the financial statements have been rounded to the nearest $1,000 or, where that amount is $500 or less, to zero. Comparative information has been restated where necessary to be consistent with disclosures in the current reporting period. Ip) Services Provided by the Corporate Administration Agency The Arts Legislation Amendment Act 1997 transferred the assets and liabilities of the Queensland Cultural Centre Trust that was abolished in December 1997 to the State and the Corporate Administration Agency [CAA] became the manager of the Cultural Centre precinct. The CAA provides a number of services to the Gallery at the Queensland Cultural Centre. These services include building maintenance and repairs, electricity, security, cleaning, air– conditioning and telephone rental. The cost of these services to the Queensland Art Gallery for the 2001/2002 year was $1,695,366. [Note 4] lq) Borrowing Costs Borrowing costs are recognised as expenses in the period in which they are incurred. NOTE 2 OTHER REVENUES Donations and Bequests Exhibition Income and Scholarships Gain/[Loss] on Sale of Plant and Equipment Gain/[Loss] on Deaccessioning of Art Works Grants Interest Earned Interest Receivable Operating Income NOTE 3 EMPLOYEE EXPENSES Long Service Leave Expenses Other Overtime and Allowances Payroll and Fringe Benefits Tax Recreation Leave Expenses Redundancy Payments Salaries and Wages Staff Recruitment and Training Superannuation Workers· Compensation Number of Employees: The number of employees includes full-time, part-time and casual employees measured on a full-time equivalent basis. NOTE 4 SUPPLIES AND SERVICES Access, Education and Regional Services Communications Conservation Exhibitions Fees - Provision of Services Freight and Postage Insurance Maintenance of Equipment Office Expenses Other Expenses Printing and Publications Promotions and Public Relations Qld Cultural Centre Facilities Costs Reference Books and Materials Scholarships Subscri ption/Membershi ps Travel Expenses 2002 2001 $'000 $'000 172 311 685 916 27 [21 38 485 28 122 90 10 7 304 252 1,803 1,642 89 77 54 25 391 415 354 316 405 398 51 4,734 4,165 62 47 672 625 24 23 6,785 6,142 142 129 206 164 61 58 84 77 290 245 525 692 176 218 94 103 66 79 276 267 88 120 242 191 375 264 1,695 1,635 58 60 4 5 12 12 170 161 4,422 4,351 73