Annual Report 2001-2002 - Western Australian Museum - The ...

Accounts and Financial Statements
STATEMENT OF FINANCIAL PERFORMANCE
FOR YEAR ENDED 30 JUNE 2002
Note 2002 2001
$000 $000
COST OF SERVICES
Expenses from ordinary activities
Employee expenses 2 9,786 8,408
Supplies and services 3 3,641 3,684
Depreciation and amortisation expense 4 1,142 952
Administration expenses 5 1,349 1,595
Accommodation expenses 6 803 864
Grants and subsidies 16 0
Capital user charge 7 3,309 0
Bad and doubtful debts 16 0
Other expenses from ordinary activities 8 235 25
Total cost of services 20,297 15,528
Revenue from ordinary activities
User charges and fees 9 500 298
Trading profit 10 489 470
Commonwealth grants and contributions 195 165
State grants 1,432 664
Other grants and contribution non government 429 312
Donations and sponsorship 358 394
Interest received 227 309
Other revenues from ordinary activities 404 187
Total revenues from ordinary activities 4,034 2,799
NET COST OF SERVICES
REVENUES FROM GOVERNMENT
16,263 12,729
Output Appropriation 9,773 5,214
Resources received free of charge 9,164 7,180
Assets assumed / (transferred) 7,284 0
Total revenues from Government 11 26,221 12,394
Change in net assets resulting from operations 9,958 (335)
Net increase / (decrease) in Asset Revaluation Reserve (233) 9,680
Total revenues, expenses and valuation adjustments
recognised directly in equity
TOTAL CHANGES IN EQUITY OTHER THAN THOSE RESULTING
(233) 9,680
FROM TRANSACTIONS WITH WA STATE GOVERNMENT AS OWNERS 9,725 9,345
The Statement of Financial Performance should be read in conjunction with the accompanying notes
76
WESTERN AUSTRALIAN MUSEUM ANNUAL REPORT 2001–2002