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Queensland Art Gallery Board of Trustees Annual Report 2013–14
FINANCIAL STATEMENTS
PART B
4
4
Queensland Ar t Gallery Board of Trustees
Statements of financial posi t ion
as at 30 June 2014
Economic Entity
Parent Entity
2014
2013
2014
2013
Notes
$000
$000
$000
$000
Current Assets
Cash and cash equivalents
12
9,506
3,240
9,506
3,240
Receivables
13
863
688
863
688
Other financial assets
14
-
2,000
-
2,000
Inventories
15
988
1,006
988
1,006
Non-current assets held for sale
59
-
59
-
Prepayments
216
101
216
101
Total Current Assets
11,632
7,035
11,632
7,035
Non-current Assets
Other financial assets
14
21,968
18,476
21,968
18,476
Property, plant and equipment
16
324,145
317,198
324,145
317,198
Total Non-Current Assets
346,113 335,674 346,113 335,674
Total Assets
357,745 342,709 357,745 342,709
Current Liabilities
Payables
17
2,150
1,585
2,150
1,585
Accrued employee benefits
18
2,260
2,107
2,260
2,107
Other current liabilities
19
256
157
256
157
Total Current Liabilities
4,666
3,849
4,666
3,849
Total Liabilities
4,666
3,849
4,666
3,849
Net Assets
353,079 338,860 353,079 338,860
Equity
Contributed equity
19,314
19,314
19,314
19,314
Accumulated surplus
167,331
155,407
167,331
155,407
Asset revaluation surplus
22
166,434
164,139
166,434
164,139
Total Equity
353,079 338,860 353,079 338,860
The accompanying notes form part of these statements.