QUEENSLAND PERFORMING ARTS CENTRE ANNUAL REPORT ...

QUEENSLAND PERFORMING ARTS CENTRE
NOTES TO THE FINANCIAL REPORT
For the Year Ended 30 June 2012
Note 14 Property, Plant and Equipment (Continued)
46
Reconciliation of Property, Plant and Equipment.
Carrying Transfers Depreciation Carrying
value at 1 Acquisitions Disposals between Revaluation and value at 30
July 2011 Classes Amortisation June 2012
$’000 $’000 $’000 $’000 $’000 $’000 $’000
Land 1,497 – – – 553 – 2,050
Buildings 230 – – – 34 (14) 250
Leasehold Improvements 546 – – – – (52) 494
Plant and equipment 2,193 – (17) 446 – (462) 2,160
Motor Vehicles - – – – – – – –
Grand Organ 2,961 – – – (181) (80) 2,700
Capital work in progress 154 385 22 (446) – – 71
Total 7,581 385 (39) – 406 (608) 7,725
2012 2011
Note 15 Payables $’000 $’000
Trade creditors 795 926
Other creditors 2,474 1,351
GST Payable 370 175
Note 16 Accrued employee benefi ts
3,639 2,452
Annual leave 1,005 682
Wages and salaries payable 243 251
Note 17 Other current liabilities
1,248 933
Unearned revenue 867 161
Note 18 Statement of cash fl ows – disclosures
(a) Cash and cash equivalents at the end of the year, as shown in the Statement of cash fl ows
Cash on hand and at bank 200 499
Deposits at call 11,959 8,575
12,159 9,074
(b) Reconciliation of net cash from operating activities to net result for the period
Net result for the period 114 882
Depreciation and amortisation 608 596
Net loss on sale of non-current assets 39 36
Investment income – (65)
Change in operating assets and liabilities:
(Increase)/decrease in receivables 67 1,390
(Increase)/decrease in prepayments 497 (172)
(Increase)/decrease in inventories (87) 38
(Increase)/decrease in GST input tax credits receivables 24 17
Increase/(decrease) in GST payables 195 12
Increase/(decrease) in operating payables and unearned revenue 1,698 401
Increase/(decrease) in accrued employee benefi ts 315 126
Net cash from operating activities 3,470 3,261