Queensland Art Gallery Annual Report 2002-03

Economic Economic Parent Parent Entity Entity Entity Entity 2003 2002 2003 2002 $'000 $'000 $'000 $'000 NOTE 2 OTHER REVENUE Donations and Bequests 927 625 132 172 Exhibition Income and Scholarships 166 586 366 685 Gain/(Loss) on Sale of Plant and Equipment 34 27 34 27 Gain/(Loss) on Deaccessioning of Art Works (2) (2) Grants 55 485 412 485 Interest Earned 334 245 165 122 Interest Receivable 22 86 3 10 Operating Income 242 390 165 304 Donation of Art Works from QAG Foundation 886 Adjustment in treatment of Donated Art Works (prior year) 774 1,780 2,442 2,937 1,803 NOTE 3 EMPLOYEE EXPENSES Long Service Leave Expenses 105 89 105 89 Other 80 54 80 54 Overtime and Allowances 497 391 497 391 Payroll and Fringe Benefits Tax 404 354 404 354 Recreation Leave Expenses 512 405 512 405 Salaries and Wages 5,407 4,734 5,407 4.734 Staff Recruitment and Training 183 62 183 62 Superannuation 779 672 779 672 Workers' Compensation 27 24 27 24 7,994 6,785 7,994 6,785 The Gallery had 155 full-time equivalent employees at 30 June 2003 (142 at 30 June 2002). NOTE 4 SUPPLIES AND SERVICES Access, Education and Regional Services 561 206 561 206 Communications 81 61 81 61 Conservation 73 84 73 84 Exhibitions 790 290 788 290 Fees - Provision of Services 519 525 519 525 Freight and Postage 377 176 377 176 Insurance 86 94 86 94 Maintenance of Equipment 42 66 42 66 Office Expenses 983 276 983 276 Other Expenses 200 162 128 88 Printing and Publications 222 259 208 242 Promotions and Public Relations 351 375 351 375 Qld Cultural Centre Facilities Costs 1,744 1695 1,744 1,695 Reference Books and Materials 79 58 79 58 Scholarships 4 4 4 4 Subscription/Memberships 13 12 13 12 Travel Expenses 252 170 250 170 6,377 4,513 6,287 4,422 NOTES TO THE FINANCIAL REPORT FOR THE YEAR ENDED 30 JUNE 2003 Economic Entity 2003 $'000 NOTE 5 GALLERY STORE EXPENSES 661 Gallery Store employee expenses for the year 2002-03 totalling $319 822 are not contained within this amount. They are included under Note 3. NOTE 6 OTHER EXPENSES Fees - Audit External 27 Losses from disposal of non-current assets 3 Trustees Fees and Expenses 20 Sundry Expenses 38 88 NOTE 7 CASH ASSETS Cash on Hand 12 Cash at Bank 1,174 Deposits at Call 314 1,500 NOTE 8 RECEIVABLES Current Trade Debtors 86 GST Receivable 111 Other 19 Interest Receivable 22 238 NOTE 9 OTHER FINANCIAL ASSETS Current Bank Bills and Term Deposits 2,000 Total Current 2,000 Non-Current Investments in Government and Semi Government Securities at cost 6,400 Total Non-Current 6,400 Economic Parent Parent Entity Entity Entity 2002 2003 2002 $'000 $'000 $'000 510 661 510 17 23 16 36 3 36 16 20 16 30 2 99 47 70 13 12 13 943 646 473 10 314 10 966 972 496 100 86 100 74 108 64 31 13 31 86 3 10 291 210 205 3,000 1,000 2,000 3,000 1,000 2,000 6,200 6,200 61