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Queensland Art Gallery Board of Trustees Annual Report 2013–14
FINANCIAL STATEMENTS
PART B
24
24
Queensland Ar t Gallery Board of Trustees
Notes to and forming par t of the Financial Statements 2013–14
Economic Entity
Parent Entity
2014
2013
2014
2013
$000
$000
$000
$000
12. Cash and Cash Equivalents
Imprest accounts
18
33
18
33
Cash at bank and on hand
9,488
3,207
9,488
3,207
Total
9,506
3,240
9,506
3,240
13. Receivables
Trade debtors
685
425
685
425
GST receivable
117
128
117
128
GST payable
(79)
(73)
(79)
(73)
Interest receivable
15
42
15
42
Long service leave reimbursements
113
99
113
99
Other
12
67
12
67
Total
863
688
863
688
14. Other Financial Assets
Current
Fixed interest term deposits – at cost
-
2,000
-
2,000
Total
-
2,000
-
2,000
Non-current
Fixed interest term deposits – at cost*
7,000
6,000
7,000
6,000
QTC Capital Guaranteed Cash Fund – at fair
value*
976
902
976
902
QIC Growth Fund – at fair value
13,992
11,574
13,992
11,574
Total
21,968
18,476
21,968
18,476
*Held in respect of donations which must be preserved, and hence investment is classified as
non-current.
15. Inventories
Retail stock
645
672
645
672
Gallery publications
316
299
316
299
Beverages
27
35
27
35
Total
988
1,006
988
1,006
16. Property, Plant and Equipment
Art Collection
At fair value
321,085
313,520
321,085
313,520
Library Heritage Collection
At fair value
294
291
294
291
Plant and equipment
At cost
4,997
5,433
4,997
5,433
Less: Accumulated depreciation
(3,702)
(3,746)
(3,702)
(3,746)
1,295
1,687
1,295
1,687
Leasehold Improvements
At cost
2,665
2,665
2,665
2,665
Less: Accumulated depreciation
(1,198)
(965)
(1,198)
(965)
1,467
1,700
1,467
1,700
Work in Progress
At cost
4
-
4
-
Total
324,145
317,198
324,145
317,198