Queensland Art Gallery Annual Report 2006-07

appendixes / QUEENSLAND ART GALLERY ANNUAL REPORT 06–07 79 5. Supplies and Services Economic Economic Parent Parent Entity Entity Entity Entity 2007 2006 2007 2006 $'000 $'000 $'000 $'000 Advertising, promotion and public relations 815 255 814 253 Consultants and service providers 806 642 806 642 Exhibition related expenses 3561 979 3561 979 Other supplies and services 1506 678 1374 566 Postage, freight and storage 996 483 996 483 Property, equipment and maintenance costs 3135 3073 3135 3070 Stationery, printing books and publications 979 505 978 503 Telecommunications and access fees 100 75 100 75 Travel expenses 468 325 468 325 Total 12 366 7015 12 232 6896 6. Gallery Store Expenses Operating expenses 951 543 951 543 Total 951 543 951 543 Gallery Store employee expenses for the year 2006–07 totalling $454 497 (2005–06: $304 924) are not contained within this amount. They are included under Note 4. 8. Other Expenses External audit fees 2 65 2 65 Losses from disposal of property, plant and equipment 43 91 43 91 Other 145 107 78 42 Total 190 263 123 198 Total external audit fees relating to the 2006–07 financial year are estimated to be $30 800 (2005–06: $29 000). There are no non-audit services included in this amount. 7. Borrowing Costs Interest 1 7 1 7 Total 1 7 1 7 The Gallery does not capitalise borrowing costs. 12. Inventories Gallery Store stock - at cost 506 452 506 452 Publications - at cost 486 228 486 228 Total 992 680 992 680 13. Non-Current Assets Classified as Held for Sale Art works - will be sold by public auction during 2007–08 53 95 53 95 Total 53 95 53 95 11. Other Financial Assets Current Deposit Notes 23 39 - - Fixed interest bearing bonds/deposits 2000 5500 2000 5500 Total 2023 5539 2000 5500 Non-Current Investments in managed funds/shares 15 291 13 428 - - Total 15 291 13 428 - - 9. Cash and Cash Equivalents Economic Economic Parent Parent Entity Entity Entity Entity 2007 2006 2007 2006 $'000 $'000 $'000 $'000 Imprest accounts 3 2 3 2 Cash at bank and on hand 871 559 816 609 Deposits at call 2987 3300 2514 2400 Total* 3861 3861 3333 3011 * Included in the above balance is $183 527 (2005–06: $183 527) of donor funds with restrictions on their use. Deposits at call earned interest at rates between 0% and 6.67% (2005–06: 0% to 6.00%). 10. Receivables Trade debtors 291 348 291 348 GST receivable 87 104 79 86 GST payable (23) (76) (18) (56) 64 28 61 30 Investment Income 409 232 - - Interest 9 28 9 28 Other 76 39 76 39 Total 849 675 437 445