2012 Annual Report - Queensland Symphony Orchestra

37 Annual Report 2012 Annual Report 2012
38
11. TRADE AND OTHER PAYABLES
31/12/12
$
Consolidated
31/12/11
$
31/12/12
$
Parent
31/12/11
$
Trade creditors 62,888 155,254 - -
Other creditors and accruals 591,167 416,720 - -
Southbank Lease Premium Payable 5,000,000 - - -
12. DEFERRED REVENUE
5,654,055 571,974 - -
31/12/12
$
Consolidated
31/12/11
$
31/12/12
$
Parent
31/12/11
$
State funding received in advance 91,875 109,592 - -
Federal funding received in advance 230,492 274,940 - -
Brisbane City Council grant received in advance 15,000 - - -
Subscriptions received in advance 697,130 622,098 - -
Other deferred revenue 100,159 131,250 - -
13. PROVISIONS
1,134,656 1,137,880 - -
31/12/12
$
Consolidated
31/12/11
$
31/12/12
$
Parent
31/12/11
$
a) Current employee benefits – Note 15 1,886,598 1,659,665 - -
b) Non-current employee benefits – Note 15 230,414 153,092 - -
14. CASH FLOW STATEMENT
(a) Reconciliation of cash
For the purposes of the cash flow statement, cash and cash equivalents includes cash on hand and at bank and short-term deposits at call,
net of outstanding bank overdrafts. Cash and cash equivalents as at the end of the financial period as shown in the cash flow statement are
as follows:
31/12/12
$
Consolidated
31/12/11
$
31/12/12
$
Parent
31/12/11
$
Cash at bank 657,295 1,126,683 - -
Southbank Building Fund 23,112 21,826 - -
QSO Fund account 252,799 5,683 - -
Sampson Library 41,682 43,132 - -
974,888 1,197,324 - -
Total cash and term deposits at the end of the financial period are $6,874,724 (at 31 December 2011: $11,272,665).
(b) Reconciliation of profit from ordinary activities to net cash (used in)/provided by operating activities
31/12/12
$
Consolidated
31/12/11
$
31/12/12
$
Parent
31/12/11
$
Profit/(Loss) from ordinary activities 2,257,189 9,744,056 - -
Less items classified as investing/financing activities:
Loss on disposal of non-current assets - - - -
Add/(less) non-cash items:
Charges to provisions 304,254 65,190 - -
Disposal of fixed assets 17,566 - - -
Depreciation 88,151 76,037 - -
Net cash (used in)/provided by operating activities before
change in assets and liabilities
2,667,160 9,885,283 - -
Change in assets and liabilities:
(Increase)/decrease in receivables 22,458 (8,995) - -
(Increase)/decrease in other assets (12,094,255) (2,047,204) - -
Increase/(decrease) in accounts payable 5,082,081 (31,016) - -
Increase/(decrease) in deferred revenue (3,224) (5,765,656) - -
Net cash provided by operating activities (4,325,780) 2,032,412 - -