Annual Report 2008-2009 - National Gallery of Canada

Statement of Changes in Shareholder’s Equity
For the period ending 31 March
(in thousands of dollars) 2009 2008
Contributed surplus $ 622 $ 622
Retained Earnings
Beginning of year 3,619 3,602
Net results for the year 53 55
Reclassified to other comprehensive income 0 (38)
End of year 3,672 3,619
Accumulated Other Comprehensive Income
Beginning of year 1,122 848
Other Comprehensive Income for the year 19 26
Transferred from Reserves 0 248
End of year 1,141 1,122
Shareholder’s Equity $ 5,435 $ 5,363
The accompanying notes and schedules form an integral part of the financial statements.
Statement of Operations
For the year ended 31 March
(in thousands of dollars) 2009 2008
Operating revenue and contributions (Schedule 1) $ 10,222 $ 11,516
Expenses
Collection
Operations 7,595 7,879
Art purchases (Note 6) 7,653 7,901
Total – Collection 15,248 15,780
Outreach 14,454 14,599
Accommodation 20,627 20,080
Administration 13,305 13,348
Total expenses (Schedule 2) 63,634 63,807
Net results of operations before government funding (53,412) (52,291)
Parliamentary appropriations (Note 13) 53,465 52,346
Net results for the year $ 53 $ 55
The accompanying notes and schedules form an integral part of the financial statements.
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