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APPENDIXES
QUEENSLAND ART GALLERY ANNUAL REPORT 2007–08 91
19. 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
2008 2007
$
$
Bell, A
*
843
-
Fairfax, T (Deputy Chair)
*
1667 1834
Gamble Myer, A (Previous Deputy Chair)
#
-
786
Goss, W (Previous Chair)
#
956 1866
Gray, M
*
1386 1310
Hansen, M
#
1086 1572
Hay, J (Chair)
*
1002
-
Koomeeta, C
#
12 165 22 731
Lobban, J
*
562
-
McGill, K
#
824 2096
Millhouse, D
*
562
-
Purdon-Sully, S
#
816 1572
Robinson, B
#
692 7044
Wesley, M
#
-
786
Williams, D
*
281
-
Total Remuneration paid to all Board Members
22 842 41 597
Board meetings' miscellaneous expenses
1047 1284
Total
23 889 42 881
Remuneration includes fees and other benefits received by Board Members.
* Indicates current Board Member.
# Indicates ceased as Board Member on 2 February 2008.
18. Cash Flow Statement -
Economic Economic Parent Parent
Disclosures
Entity Entity Entity Entity
2008 2007 2008 2007
$'000 $'000 $'000 $'000
(A) Reconciliation of Operating Surplus to Net Cash Provided by (Used in)
Operating Activities
Operating Surplus
6580 4972 4990 4318
Depreciation expense
527 317 526 316
Loss/(Gain) on sale of property,
plant and equipment
(12)
32
(12)
32
Donated assets received
757 (1056)
(2176) (2811)
Assets transferred from Arts
Queensland
-
(3199)
- (3199)
Assets transferred from Common
Use Collection
-
(4)
-
(4)
Loss/(Gain) on investments at fair
value through profit and loss
2467 (1863)
-
-
Change in assets and liabilities
(Increase)/decrease in trade
receivables
(139)
72
(139)
72
(Increase)/decrease in GST input
tax credits receivables
(180)
16
(163)
6
(Increase)/decrease in other
receivables
6 (210)
(145)
(33)
(Increase)/decrease in inventories
(132)
(311)
(132)
(311)
(Increase)/decrease in prepayments (596)
(113)
(596)
(113)
Increase/(decrease) in accounts
payable
(389)
1134 382
73
Increase/(decrease) in accrued
employee benefits
89 294
89
294
Increase/(decrease) in GST payable
125 (53)
56
(38)
Net leave liabilities transferred to
(from) other entities
11
-
11
-
Net cash provided by (used in)
operating activities
9114
28 2691 (1398)
(B) Cash at the end of the year, as shown in the Cash Flow Statement
Imprest amounts
35
3
35
3
Cash at bank and on hand
3045 871
1084 816
Deposits at Call
5962 2987
3095 2514
Deposit Notes
457
23
-
-
Fixed interest bearing
bonds/deposits
1500 2000 1500 2000
10 999 5884 5714 5333
20. Commitments for Expenditure
2008
2007
$'000 $'000
(a) Open Purchase Order Commitments
Commitments at reporting date are inclusive of
anticipated GST
1569 2906
Total
1569 2906
The majority of these purchase orders relate to supplies and services for the
recently opened Gallery of Modern Art.
21. Contingent Liabilities
There are no known significant contingent liabilities at 30 June 2008.