Annual Report 2008-2009 - National Gallery of Canada
Annual Report 2008-2009 - National Gallery of Canada
Annual Report 2008-2009 - National Gallery of Canada
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Balance Sheet<br />
as at 31 March<br />
(in thousands <strong>of</strong> dollars) <strong>2009</strong> <strong>2008</strong><br />
Assets<br />
Current<br />
Cash and cash equivalents (Note 4) $ 6,365 $ 10,350<br />
Restricted cash and cash equivalents (Note 4) 9,565 7,482<br />
Accounts receivable (Note 5) 3,556 1,289<br />
Inventories 554 799<br />
Prepaid expenses 1,315 1,120<br />
21,355 21,040<br />
Collection (Note 6) 1 1<br />
Property and equipment (Note 7) 92,034 91,530<br />
$ 113,390 $ 112,571<br />
Liabilities<br />
Current<br />
Accounts payable and accrued liabilities (Note 8) $ 6,105 $ 7,936<br />
Deferred revenue 189 184<br />
Unused appropriations received for the purchase <strong>of</strong> objects for the Collection (Note 9) 1,784 2,167<br />
Unused appropriations received for the purchase <strong>of</strong> property and equipment (Note 10) 6,640 4,193<br />
14,718 14,480<br />
Employee future benefits (Note 11) 1,825 1,820<br />
Deferred capital funding (Note 12) 91,412 90,908<br />
107,955 107,208<br />
Commitments and Contingencies (Notes 15 and 19)<br />
Shareholder’s Equity<br />
Contributed surplus 622 622<br />
Retained Earnings 3,672 3,619<br />
Accumulated Other Comprehensive Income 1,141 1,122<br />
4,813 4,741<br />
Total Shareholder’s Equity 5,435 5,363<br />
$ 113,390 $ 112,571<br />
The accompanying notes and schedules form an integral part <strong>of</strong> the financial statements.<br />
Approved by the Board <strong>of</strong> Trustees:<br />
Chairperson<br />
Chairperson, Audit and Finance Committee<br />
76 Financial Statements
Change language