Bendigo Art Gallery Annual Report 2015/2016
Bendigo Art Gallery Annual Report 2015/2016 outlines the activities of the Bendigo Art Gallery Board of Directors during 2015/16
Bendigo Art Gallery Annual Report 2015/2016 outlines the activities of the Bendigo Art Gallery Board of Directors during 2015/16
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Note 8. Other assets<br />
Note 10. Statement of cash flows<br />
<strong>Bendigo</strong> <strong>Art</strong> <strong>Gallery</strong><br />
28<br />
<strong>2016</strong> <strong>2015</strong><br />
$ $<br />
Current<br />
Prepaid exhibition expenditure 8 ,593 –<br />
Note 9. Trade and Other Payables<br />
Other creditors and accruals 40,315 5,454<br />
Income in advance – 125,000<br />
40,315 130,454<br />
<strong>2016</strong> <strong>2015</strong><br />
$ $<br />
(a) Reconciliation of cash<br />
Cash at bank and on hand 236,144 327,016<br />
Term deposits 443,972 160,121<br />
680,116 487,137<br />
(b) Reconciliation of surplus after income tax<br />
to net cash provided by operating activities<br />
Operating surplus 60,773 483,053<br />
Dividend Income (323,642) (328,707)<br />
Non cash items:<br />
– Profit on sale of investments (14,835) (80,617)<br />
— Unrealised loss on investment 287,111 –<br />
Changes in assets and liabilities:<br />
– (Increase)/decrease in receivables 62,723 (239,924)<br />
– (Increase)/decrease in other assets (8,593) 24,842<br />
– Increase/(decrease) in payables (90,139) 125,894<br />
Net cashflows provided by/(used in) operating activities (26,602) (15,459)
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