NGV Annual Report 2003-04-Part 2 - National Gallery of Victoria
NGV Annual Report 2003-04-Part 2 - National Gallery of Victoria NGV Annual Report 2003-04-Part 2 - National Gallery of Victoria
NGV Annual Report 2003/04 Report 14310. Property, plant and equipment CONTINUEDRevaluation of land to fair value at the National Gallery of Victoria’s St Kilda Road site was performed as at 30 June2003 by Urbis Property Services Pty Ltd, members of the Australian Property Institute and certified property valuers.At 30 June 2004, the land was valued upwards based on indices provided by the Valuer-General Victoria.Revaluation of buildings to fair value was performed by the Valuer-General Victoria as at 30 June 2004.11. PayablesPayablesNotes2004$ '000s2003$ '000sTrade creditors 7,815 1,978Other creditors and accruals 2,791 3,440Income in advance 580 22316 11,186 5,64112. Other liabilitiesOther liabilitiesCurrentNotes2004$ '000s2003$ '000sLoan from State Government 1,750 1,750Finance lease 20 24 22Non-current1,774 1,772Loan from State Government 5,250 7,000Finance lease 20 111 135Aggregate carrying amount of other liabilities5,361 7,135Current 1,774 1,772Non-current 5,361 7,1357,135 8,90713. ProvisionsProvisionsCurrent2004$ '000s2003$ '000sAnnual leave 1,246 896Long service leave 80 71Total current liabilities 1,326 967Non-currentLong service leave 1,493 1,338Total non-current liabilities 1,493 1,338Aggregate carrying amount of provisionsCurrent 1,326 967Non-current 1,493 1,3382,819 2,305
144 Report NGV Annual Report 2003/0414. Equity and movements in equityPurpose of ReservesBequests and donations reserveTo assist the National Gallery of Victoria maintain, develop and improve the State collection of cultural assets.Cultural assets donation reserveRepresents increments arising by way of purchase.Asset revaluation reserveRepresents increments from the revaluation of non-current assets.Cultural assets revaluation reserveRepresents increments from the revaluation of cultural assets.Investment revaluation reserveRepresents increments from the revaluation of investments.Contributed capitalRepresents transfers of capital to the National Gallery of Victoria by the State Government of Victoria to develop itsinfrastructure.
- Page 10: NGV Annual Report 2003/04 Grow 93Sp
- Page 13 and 14: 96 GrowNGV Annual Report 2003/04The
- Page 15 and 16: 98 Review NGV Annual Report 2003/04
- Page 17 and 18: 100 Acquire & LendNGV Annual Report
- Page 19 and 20: 102 Acquire & Lend NGV Annual Repor
- Page 21 and 22: 104 Acquire & LendNGV Annual Report
- Page 23 and 24: 106 Acquire & Lend NGV Annual Repor
- Page 25 and 26: 108 Acquire & Lend NGV Annual Repor
- Page 27 and 28: 110 Acquire & Lend NGV Annual Repor
- Page 29 and 30: 112 Acquire & Lend NGV Annual Repor
- Page 31 and 32: 114 Acquire & Lend NGV Annual Repor
- Page 33 and 34: 116 Acquire & Lend NGV Annual Repor
- Page 35 and 36: 118 Acquire & Lend NGV Annual Repor
- Page 37 and 38: 120 Acquire & Lend NGV Annual Repor
- Page 39 and 40: 122 Acquire & Lend NGV Annual Repor
- Page 41 and 42: 124 Acquire & Lend NGV Annual Repor
- Page 43 and 44: Report
- Page 45 and 46: 128 Report NGV Annual Report 2003/0
- Page 47 and 48: 130 Report NGV Annual Report 2003/0
- Page 49 and 50: 132 Report NGV Annual Report 2003/0
- Page 51 and 52: 134 Report NGV Annual Report 2003/0
- Page 53 and 54: 136 Report NGV Annual Report 2003/0
- Page 55 and 56: 138 Report NGV Annual Report 2003/0
- Page 57 and 58: 140 Report NGV Annual Report 2003/0
- Page 59: 142 Report NGV Annual Report 2003/0
- Page 63 and 64: 146 Report NGV Annual Report 2003/0
- Page 65 and 66: 148 Report NGV Annual Report 2003/0
- Page 67 and 68: 150 Report NGV Annual Report 2003/0
- Page 69 and 70: 152 Report NGV Annual Report 2003/0
- Page 71 and 72: 154 Report NGV Annual Report 2003/0
- Page 73 and 74: 156 Report NGV Annual Report 2003/0
- Page 75 and 76: 158 Report NGV Annual Report 2003/0
- Page 77: 160 Report NGV Annual Report 2003/0
<strong>NGV</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2003</strong>/<strong>04</strong> <strong>Report</strong> 14310. Property, plant and equipment CONTINUEDRevaluation <strong>of</strong> land to fair value at the <strong>National</strong> <strong>Gallery</strong> <strong>of</strong> <strong>Victoria</strong>’s St Kilda Road site was performed as at 30 June<strong>2003</strong> by Urbis Property Services Pty Ltd, members <strong>of</strong> the Australian Property Institute and certified property valuers.At 30 June 20<strong>04</strong>, the land was valued upwards based on indices provided by the Valuer-General <strong>Victoria</strong>.Revaluation <strong>of</strong> buildings to fair value was performed by the Valuer-General <strong>Victoria</strong> as at 30 June 20<strong>04</strong>.11. PayablesPayablesNotes20<strong>04</strong>$ '000s<strong>2003</strong>$ '000sTrade creditors 7,815 1,978Other creditors and accruals 2,791 3,440Income in advance 580 22316 11,186 5,64112. Other liabilitiesOther liabilitiesCurrentNotes20<strong>04</strong>$ '000s<strong>2003</strong>$ '000sLoan from State Government 1,750 1,750Finance lease 20 24 22Non-current1,774 1,772Loan from State Government 5,250 7,000Finance lease 20 111 135Aggregate carrying amount <strong>of</strong> other liabilities5,361 7,135Current 1,774 1,772Non-current 5,361 7,1357,135 8,90713. ProvisionsProvisionsCurrent20<strong>04</strong>$ '000s<strong>2003</strong>$ '000s<strong>Annual</strong> leave 1,246 896Long service leave 80 71Total current liabilities 1,326 967Non-currentLong service leave 1,493 1,338Total non-current liabilities 1,493 1,338Aggregate carrying amount <strong>of</strong> provisionsCurrent 1,326 967Non-current 1,493 1,3382,819 2,305
Change language