AGNSW_AnnRep_00 full.pdf - Parliament of New South Wales ...
AGNSW_AnnRep_00 full.pdf - Parliament of New South Wales ...
AGNSW_AnnRep_00 full.pdf - Parliament of New South Wales ...
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ART GALLERY OF NEW SOUTH WALES TRUST<br />
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS<br />
ACTUAL ACTUAL<br />
2<strong>00</strong>0 1999<br />
$’<strong>00</strong>0 $’<strong>00</strong>0<br />
11 GAIN ON SALE OF NON-CURRENT ASSETS<br />
Property, Plant & Equipment – proceeds <strong>of</strong> sale 22 63<br />
– written down value <strong>of</strong> assets sold 13 38<br />
Net gain on disposal <strong>of</strong> property, plant & equipment 9 25<br />
Works <strong>of</strong> art – proceeds <strong>of</strong> sale - -<br />
– written down value <strong>of</strong> assets sold - -<br />
Net gain on disposal <strong>of</strong> works <strong>of</strong> art - -<br />
Total gain on sale <strong>of</strong> non-current assets 9 25<br />
12 ACCEPTANCE BY CROWN ENTITY OF EMPLOYEE<br />
ENTITLEMENTS AND OTHER LIABILITIES<br />
Superannuation 847 763<br />
Long Service Leave 250 370<br />
Payroll Tax 56 52<br />
13 CONTINGENT LIABILITIES<br />
At the date <strong>of</strong> this report, the Trustees are not aware <strong>of</strong> any material contingent liabilities.<br />
14 CASH<br />
Cash comprises cash on hand and bank balances. Interest is earned on daily bank balances and paid monthly at the<br />
normal commercial rate <strong>of</strong> such deposits. The Gallery does not have any bank overdraft facility.<br />
1,153 1,185<br />
Cash at bank 119 1,123<br />
Cash on hand 7 18<br />
126 1,141<br />
43
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