Annual Report 2008-2009 - National Gallery of Canada

5. ACCOUNTS RECEIVABLE
(in thousands of dollars) 2009 2008
The balances at 31 March are:
Trade receivable $ 768 $ 337
Appropriations receivable 2,362 394
Taxes receivable 256 338
Trade receivables – Government Departments and Crown Corporations 170 220
$ 3,556 $ 1,289
The accounts receivable are net of applicable allowance for doubtful accounts which is established based on specific credit risk
associated with individual clients and other relevant information.
6. Collection
The Gallery has an extensive collection of visual arts, particularly Canadian art. The Gallery’s collection comprises some 37,200
works of art. In addition, CMCP has 161,150 pieces in its collection. The main collecting areas are:
• Canadian Art, including Indigenous Art
• Contemporary Art
• American, European and Asian Art
• 20th Century Modern Art
• Photographs
• Prints and Drawings
The Gallery acquires works of art by purchase, gift and bequest. Acquisitions in the year are as follows:
(in thousands of dollars) 2009 2008
Purchase from appropriations for the purchase of objects for the collection $ 7,583 $ 7,735
Purchase from deferred contributions 70 166
Total purchases 7,653 7,901
Gifts or bequests, at estimated fair value 1,336 3,425
$ 8,989 $ 11,326
7. PROPERTY AND EQUIPMENT
(in thousands of dollars) 2009 2008
Accumulated Net book Net book
Cost amortization Value Value
Buildings $ 155,928 $ 80,888 $ 75,040 $ 78,939
Building improvements 21,080 6,139 14,941 8,276
Equipment and furniture 22,679 21,266 1,413 1,945
Leasehold improvements – – – 1,716
Land 622 – 622 622
Vehicles 262 244 18 32
$ 200,571 $ 108,537 $ 92,034 $ 91,530
Building improvements include an amount of $5,206,855 for unamortized work in progress capital projects at March 31, 2009
($480,771 as at March 31, 2008).
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