Annual Report 2001-2002 - Western Australian Museum - The ...
Annual Report 2001-2002 - Western Australian Museum - The ...
Annual Report 2001-2002 - Western Australian Museum - The ...
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Accounts and Financial Statements<br />
86<br />
<strong>2002</strong> <strong>2001</strong><br />
$000 $000<br />
17. Equity<br />
Contributed equity<br />
Opening balance 0 0<br />
Capital contributions 800 0<br />
Closing balance 800 0<br />
(I) From 1 July <strong>2001</strong>, capital appropriations, termed Capital Contributions, have been designated as contributions by<br />
owners and are credited straight to equity in the Statement of Financial Position.<br />
Asset revaluation reserve<br />
Opening balance 18,558 8,878<br />
Net revaluation increments/ (decrements):<br />
Land (1,989) 2,582<br />
Buildings 1,756 7,098<br />
Closing balance 18,325 18,558<br />
(II) <strong>The</strong> asset revaluation reserve is used to record increments and decrements on the revaluation of non-current assets,<br />
as described in accounting policy note 1(f).<br />
Accumulated surplus/(deficiency)<br />
Opening balance 30,499 30,834<br />
Change in net assets 9,958 (335)<br />
Closing balance 40,457 30,499<br />
18. Notes to the Statement of Cash Flows<br />
(a) Reconciliation of cash<br />
For the purpose of the Statement of Cash Flows, cash includes cash at bank, amounts in suspense and restricted<br />
cash, net of outstanding bank overdrafts. Cash at the end of the financial year as shown in the Statement of Cash<br />
Flows is reconciled to the related items in the Statement of Financial Position as follows:<br />
Cash assets 3,287 2,076<br />
Restricted cash assets (refer to note 12) 1,166 1,712<br />
4,453 3,788<br />
WESTERN AUSTRALIAN MUSEUM ANNUAL REPORT <strong>2001</strong>–<strong>2002</strong>
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