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APPENDIXES
QUEENSLAND ART GALLERY ANNUAL REPORT 2007–08 83
CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 JUNE 2008
Notes Economic Economic Parent Parent
Entity Entity Entity Entity
2008 2007 2008 2007
$'000 $'000 $'000 $'000
Cash flows from operating activities
Inflows
Government contributions
27 329 25 498 27 079 25 498
Gallery Store operations
2753 1120 2753 1120
GST input tax credits from ATO
1266 1308 1172 1229
GST collected from customers
550 321 398 258
Donations
4709 935
-
-
Interest receipts
1849 1774 525 672
Dividends
7
6
-
-
Other
5280
46 5166 986
Outflows
Employee expenses
(16082) (14 601) (16082) (14 601)
Supplies and services
(14795) (12392) (14544) (12270)
Gallery Store operations
(1774)
(1007)
(1774) (1007)
Grants and subsidies
-
(1183)
(250) (1683)
Borrowing costs
-
(1)
-
(1)
GST paid to suppliers
(1443)
(1288)
(1334) (1223)
GST remitted to ATO
(423)
(375)
(341)
(296)
Other
(112)
(133)
(77)
(80)
Net cash from operating
activities
18 (A)
9114
28 2691 (1398)
Notes Economic Economic Parent Parent
Entity Entity Entity Entity
2008 2007 2008 2007
$'000 $'000 $'000 $'000
Cash flows from investing activities
Inflows
Proceeds from sale of investments
2474
-
-
-
Sales of property, plant and
equipment
48
90
48
90
Outflows
Payments for property, plant
and equipment
(5221)
(3600)
(2358) (1836)
Payment for investments
(1300)
-
-
-
Net cash provided by (used in)
investing activities
(3999)
(3510)
(2310) (1746)
Cash flows from financing activities
Outflows
Borrowing redemptions
-
(34)
-
(34)
Net cash provided by (used in)
financing activities
-
(34)
-
(34)
Net increase (decrease) in cash held 5115 (3516)
381 (3178)
Cash at beginning of financial year
5884 9400 5333 8511
Cash at end of financial year 18 (B)
10 999 5884 5714 5333
The accompanying notes form part of these statements.