2013-14 Report

FINANCIAL STATEMENTS

Queensland Art Gallery Board of Trustees Annual Report 2013–14

PART B

Queensland Ar t Gallery Board of Trustees

Notes to and forming par t of the Financial Statements 2013–14

Objectives and Principal Activities of the Gallery

Note 1: Summary of Significant Accounting Policies

Note 2: Grants and Other Contributions

Note 3: User Charges and Fees

Note 4: Other Revenue

Note 5: Gains on Disposal/Measurement of Assets

Note 6: Employee Expenses

Note 7: Key Management Personnel and Remuneration

Note 8: Supplies and Services

Note 9: Grants and Subsidies

Note 10: Depreciation

Note 11: Other Expenses

Note 12: Cash and Cash Equivalents

Note 13: Receivables

Note 14: Other Financial Assets

Note 15: Inventories

Note 16: Property, Plant and Equipment

Note 17: Payables

Note 18: Accrued Employee Benefits

Note 19: Other Current Liabilities

Note 20: Transactions in relation to the Queensland Art Gallery | Gallery of Modern Art

Foundation Committee

Note 21: Other Restricted Assets held by the Queensland Art Gallery

Note 22: Asset Revaluation Reserve by Class

Note 23: Reconciliation of Operating Surplus to Net Cash from Operating Activities

Note 24: Non-Cash Investing Activities

Note 25: Remuneration of Board Members

Note 26: Commitments for Expenditure

Note 27: Contingent Liabilities

Note 28: Financial Instruments — Economic Entity