Annual Report 2008-2009 - National Gallery of Canada

Statement of Comprehensive Income
For the year ended 31 March
(in thousands of dollars) 2009 2008
Net results for the year $ 53 $ 55
Other Comprehensive Income
Restricted contributions from non-owners
Gifts and bequests 1,803 969
Investment income 28 36
1,831 1,005
Purchase of objects for the Collection (70) (166)
Education, conservation, research and other activities (1,742) (813)
(1,812) (979)
Other Comprehensive Income for the year 19 26
Comprehensive Income for the year $ 72 $ 81
The accompanying notes and schedules form an integral part of the financial statements.
Statement of Cash Flows
for the year ended 31 March
(in thousands of dollars) 2009 2008
Cash flows from operations:
Cash received from clients $ 9,464 $ 10,710
Parliamentary appropriations received 44,130 46,259
Cash paid to employees and suppliers (60,238) (60,212)
Interest received 464 765
Total cash flows used in operating activities (6,180) (2,478)
Cash flows from investing activities:
Acquisition of property and equipment (7,488) (1,834)
Decrease in restricted cash and cash equivalents (2,083) (3,755)
Total cash flows used in investing activities (9,571) (5,589)
Cash flows from financing activities:
Funding for the acquisition of property and equipment 9,935 5,650
Restricted contributions and related investment income 1,831 1,005
Total cash flows from financing activities 11,766 6,655
Decrease in cash and cash equivalents (3,985) (1,412)
Cash and cash equivalents, beginning of year 10,350 11,762
Cash and cash equivalents, end of year $ 6,365 $ 10,350
The accompanying notes and schedules form an integral part of the financial statements.
78 Financial Statements