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FINANCIAL STATEMENTS
Queensland Art Gallery Board of Trustees Annual Report 2013–14
PART B
5
5
Queensland Ar t Gallery Board of Trustees
Statements of changes in equi ty
for the year ended 30 June 2014
Accumulated
Surplus
Asset Revaluation
Surplus
(Note 22)
Contributed Equity
Total
Economic
Entity
Parent
Entity
Economic
Entity
Parent
Entity
Economic
Entity
Parent
Entity
Economic
Entity
Parent
Entity
2013
2013
2013
2013
2013
2013
2013
2013
$000
$000
$000
$000
$000
$000
$000
$000
Balance as at 1 July 2012
169,509
153,872
158,538
158,538
721
721
328,768
313,131
Operating result from continuing
operations
4,491
1,535
-
-
-
-
4,491
1,535
Other Comprehensive Income
Increase in asset revaluation
surplus
-
-
5,601
5,601
-
-
5,601
5,601
Transactions with Owners as
Owners:
Equity transferred in from
Queensland Art Gallery
Foundation (Note 20)
(18,593)
-
-
-
18,593
18,593
-
18,593
Balance as at 30 June
2013
155,407
155,407
164,139
164,139
19,314
19,314
338,860
338,860
Accumulated
Surplus
Asset Revaluation
Surplus
(Note 22)
Contributed Equity
Total
Economic
Entity
Parent
Entity
Economic
Entity
Parent
Entity
Economic
Entity
Parent
Entity
Economic
Entity
Parent
Entity
2014
2014
2014
2014
2014
2014
2014
2014
$000
$000
$000
$000
$000
$000
$000
$000
Balance as at 1 July 2013
155,407
155,407
164,139
164,139
19,314
19,314
338,860
338,860
Operating result from continuing
operations
11,924
11,924
-
-
-
-
11,924
11,924
Other Comprehensive Income
Increase in asset revaluation
surplus
-
-
2,295
2,295
-
-
2,295
2,295
Balance as at 30 June 2014 167,331
167,331
166,434
166,434
19,314
19,314
353,079
353,079
The accompanying notes form part of these statements.