Annual Report - QPAC

QUEENSLAND PERFORMING ARTS TRUST
Note 8 Results Across Activities (continued)
Operating revenue
Arts Commercial Infrastructure Total
Programming Operations
2008 2008 2008 2008
$’000 $’000 $’000 $’000
Revenues from service activities (see note 9a) 2,379 20,583 95 23,057
Operating grant 1,000 – 4,521 5,521
Facilities maintenance grant – –- 4,527 4,527
Interest – –- 1,178 1,178
Other revenues from ordinary activities 3 1,291 1 1,295
3,382 21,874 10,322 35,578
Operating expenses
Employee expenses (see note 9c) 1,880 9,834 4,868 16,582
Supplies and services (see note 9b) 2,952 6,191 1,726 10,869
Facilities costs * – – 5,429 5,429
External audit fees – – 55 55
Internal audit fees – – 47 47
Bad or doubtful debts – – 2 2
Depreciation 2 505 178 685
Loss on sale of plant & equipment – – 15 15
Other expenses - insurance premiums QGIF – – 72 72
Other expenses from ordinary activities 2 16 27 45
4,836 16,546 12,419 33,801
OPERATING SURPLUS OR (DEFICIT) (1,454) 5,328 (2,097) 1,777
* Facilities costs include an infrastructure services fee of $5.377M (2007: $4.582M) charged by the CAA, and charges for
electricity sourced through CAA.
Notes to the Financial Report for the year ended 30 June 2009
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