2013-14 Report

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Queensland Art Gallery Board of Trustees Annual Report 2013–14 FINANCIAL STATEMENTS
PART B
2 2
Queensland Ar t Gallery Board of Trustees
Financial Statements 2013–14
Contents Page
Statements of Comprehensive Income 3
Statements of Financial Position 4
Statements of Changes in Equity 5
Statements of Cash Flows 6
Notes To and Forming Part of the Financial Statements 7
Management Certificate 34
General Information
This financial report covers the Queensland Art Gallery Board of Trustees and its controlled
entities.
The Queensland Art Gallery Board of Trustees is a Queensland Government Statutory Body
established under the Queensland Art Gallery Act 1987.
In the financial statements, the term Parent Entity refers to the Queensland Art Gallery Board of
Trustees.
Up to 16 April 2013, the Economic Entity refers to the consolidated entity of the Queensland Art
Gallery Board of Trustees and the Queensland Art Gallery Foundation.
On 16 April 2013, the Queensland Art Gallery Foundation was wound up, and its assets and
liabilities transferred to the new Queensland Art Gallery | Gallery of Modern Art Foundation
Committee, which is a committee of the Queensland Art Gallery Board of Trustees. Consequently,
from 17 April 2013, the revenues, expenses, assets, liabilities and equity of the new Queensland
Art Gallery | Gallery of Modern Art Foundation Committee are included in the Parent Entity.
The Queensland Art Gallery Board of Trustees (which will hereafter be referred to as the Gallery) is
controlled by the State of Queensland which is the ultimate parent. The head office and principal
place of business of the Gallery is:
Queensland Art Gallery | Gallery of Modern Art
Stanley Place
South Brisbane QLD 4101
A description of the nature of the Gallery’s operations and its principal activities is included in the
notes to the financial statements.
For information in relation to the Gallery’s financial statements, please call (07) 3840 7326, email
or visit the Gallery’s website .