Queensland Art Gallery Annual Report 2006-07

appendixes / QUEENSLAND ART GALLERY ANNUAL REPORT 06–07 81 20. Remuneration of Board Members Remuneration received, or due and receivable by Board Members from the Gallery in connection with the management of the Gallery was as follows: Fees and expenses 2007 2006 $ $ Fairfax, T 1834 1834 Gamble Myer, A (Deputy Chair) 786 2096 Goss, W (Chair) 1866 2177 Gray, M 1310 786 Hansen, M 1572 2096 Koomeeta, C 22 731 9714 McGill, K 2096 2096 Purdon, S 1572 1834 Robinson, B 7044 4616 Wesley, M 786 1310 Total Remuneration paid to all Board Members 41 597 28 559 Board meetings' miscellaneous expenses 1284 2004 Total 42 881 30 563 Remuneration includes fees and other benefits received by Board Members. 19. Cash Flow Statement - Economic Economic Parent Parent Disclosures Entity Entity Entity Entity 2007 2006 2007 2006 $'000 $'000 $'000 $'000 (A) Reconciliation of Operating Surplus to Net Cash Provided by (Used in) Operating Activities Operating Surplus 1958 9617 1304 6857 Depreciation expense 132 152 131 152 Loss on sale of property, plant and equipment 32 81 32 81 Donated assets received (1056) (634) (2811) (634) Assets transferred from Common Use Collection (4) - (4) - Gain on managed funds (1863) (1987) - - Change in assets and liabilities (Increase)/decrease in trade receivables 72 (226) 72 (226) (Increase)/decrease in GST input tax credits receivables 16 (28) 6 (14) (Increase)/decrease in other receivables (210) (241) (33) (40) (Increase)/decrease in inventories (311) (135) (311) (135) (Increase)/decrease in prepayments (113) (40) (113) (49) Increase/(decrease) in accounts payable 1134 48 73 39 Increase/(decrease) in accrued employee benefits 294 236 294 236 Increase/(decrease) in GST payable (53) 58 (38) 42 Net cash provided by (used in) operating activities 28 6901 (1398) 6309 (B) Cash at the end of the year, as shown in the Cash Flow Statement Imprest amounts 3 2 3 2 Cash at bank and on hand 871 559 816 609 Deposits at Call 2987 3300 2514 2400 Deposit Notes 23 39 - - Fixed interest bearing bonds/deposits 2000 5500 2000 5500 5884 9400 5333 8511 21. Commitments for Expenditure 2007 2006 $ ‘000 $ ‘000 (a) Non-Cancellable Operating Lease (Motor vehicle) Commitments under operating leases at reporting date are inclusive of anticipated GST and are payable as follows: Not later than one year - 9 Later than one year and not later than five years - 9 Total - 18 (b) Open Purchase Order Commitments Commitments at reporting date are inclusive of anticipated GST 2906 4845 Total 2906 4845 22. Contingent Liabilities There are no known significant contingent liabilities at 30 June 2007.