Full report - State Library of Victoria - Victoria Online

Consolidated State Library
of Victoria
2008 2007 2008 2007
12 EQUITY AND MOVEMENTS IN EQUITY Note $’000 $’000 $’000 $’000
(a) Contributed Capital
Balance at beginning of the year 552,728 548,841 552,728 548,841
Equity contribution from government – – – –
Capital Improvements (1,118) 3,887 (1,118) 3,887
Balance at end of the year 551,610 552,728 551,610 552,728
(b) Accumulated Surplus
Accumulated surplus
at beginning of the year 20,261 17,011 20,261 17,011
Net result for the year (2,309) 3,799 (2,535) 3,027
Net transfer (to)/from donations
and bequests reserve (92) (813) 134 (41)
Net Transfer (to)/from
specific purpose grants reserve (1,588) 264 (1,588) 264
Accumulated surplus at end of the year 16,272 20,261 16,272 20,261
(c) Asset Revaluation Reserve
Land asset revaluation reserve
Balance at beginning of the year 38,891 15,500 38,891 15,500
Movement – 23,391 – 23,391
Balance at end of the year 38,891 38,891 38,891 38,891
The revaluation reserve arises
on the revaluation of land
Collection asset revaluation reserve
Balance at beginning of the year 159,259 136,785 159,259 136,785
Movement – 22,474 – 22,474
Balance at end of the year 159,259 159,259 159,259 159,259
The revaluation reserve arises
on the revaluation of the collection
Total of the asset revaluation reserve
Balance at beginning of the year 198,150 152,285 198,150 152,285
Movement – 45,865 – 45,865
Balance at end of the year 198,150 198,150 198,150 198,150
(d) General reserve
Balance at beginning of the year 1,000 1,000 1,000 1,000
Transfer from accumulated surplus – – – –
Balance at end of the year 1,000 1,000 1,000 1,000
(e) Donations and bequests reserve
Balance at beginning of the year 14,116 13,646 1,830 1,789
Transfer (to)/from accumulated surplus 275 470 (134) 41
Balance at end of the year (Note 13) 14,391 14,116 1,696 1,830
(f) Specific purpose grants reserve
Balance at beginning of the year 8,920 8,841 7,854 8,118
Transfer (to)/from accumulated surplus 1,405 79 1,588 (264)
Balance at end of the year (Note 14) 10,325 8,920 9,442 7,854
(g) Financial assets valuation reserve
Balance at beginning of the year 1,861 – – –
Unrealised capital gains / (losses) (1,978) 1,861 – –
Balance at end of the year (116) 1,861 – –
Total Equity at the end of the year 791,631 797,036 778,170 781,823
Consolidated
2007 2008 2008 2008
b/fwd Transfer Transfer
balance from
Accum.
Surplus
to
Accum.
Surplus
c/fwd
balance
13 DONATIONS AND BEQUESTS RESERVE $’000 $’000 $’000 $’000
State Library of Victoria
C Sunderberg Estate 137 9 16 130
Constance Thomson Estate 7 1 – 8
Ethel Cutten Estate 174 12 – 186
Frederick Bryan Bequest 26 2 – 28
K Wilson Bequest 68 5 – 73
Kurt Offenburg Bequest 12 1 – 13
LM Henderson Estate 278 15 100 193
MV Anderson Estate 3 – – 3
Margery Ramsay Estate 98 6 10 94
Phillip Joseph Winthrop 4 – – 4
Quentin Madden Estate 55 4 – 59
Sir Irving Benson Estate 465 26 100 391
T Buesst Bequest 224 10 100 134
VG Dobbie Bequest 99 7 – 106
VJ Chalmers Estate 180 12 – 192
S Horne Estate – 82 – 82
1,830 192 326 1,696
State Library of Victoria Foundation 12,286 1,105 696 12,695
Total Library Board of Victoria 14,116 1,297 1,022 14,391