Description of Basic Financial Statements_part2 pot

PERFORMANCE INFORMATION The Trust provided the following information regarding its performance.. OTHER INFORMATION We identified opportunities for improvement to accounting and interna

Trang 1

Auditor-General’s Report to Parliament 2009 Volume Six 61

Art Gallery of New South Wales Trust

AUDIT OPINION

The audits of the Trust and its controlled entity’s financial report for the year ended 30 June 2009 resulted in unqualified Independent Auditor’s Reports

PERFORMANCE INFORMATION

The Trust provided the following information regarding its performance

Collections

Acquisitions during the year:

(unaudited)

The exhibition program is the major driver for visitor numbers The increase in visitor numbers and admission fees in 2008-09 was due to favourable responses to several ticketed exhibitions, the most popular being ‘Monet and the Impressionists’ and ‘The Lost Buddhas’

OTHER INFORMATION

We identified opportunities for improvement to accounting and internal control procedures We will discuss these further with Trust staff and, where appropriate, report them to management

This is trial version www.adultpdf.com

Trang 2

Art Gallery of New South Wales Trust _

62 _ Auditor-General’s Report to Parliament 2009 Volume Nine

FINANCIAL INFORMATION

Abridged Income Statement

$’000

2008

$’000

Government contributions in 2008-09 included a recurrent grant of $20.6 million ($19.6 million) and capital grant of $5.8 million ($13.6 million) The capital grants in 2007-08 and 2008-09 were primarily for the construction of an off-site collection storage facility at Lilyfield with a project cost of $27.6 million, which is expected to be operational in November 2009 This 5,000 square metre facility is expected to address the risks of damage to collection items that are currently overcrowded in the Gallery’s on-site storage facility

Other revenue increased in 2008-09 due to additional donations received primarily for the acquisition of the 1888 Paul Cezanne painting ‘Bords de la Marne’, which was purchased during the year for $16.2 million

Abridged Balance Sheet

$’000

2008

$’000

The increase in non-current assets is primarily due to purchases of art work and the capital works projects noted above

Trang 3

_ Art Gallery of New South Wales Trust

Auditor-General’s Report to Parliament 2009 Volume Six 63

TRUST ACTIVITIES

The Trust is constituted under the Art Gallery of New South Wales Act 1980 It is subject to the

control and direction of the Minister for the Arts Its main functions are to:

 develop and maintain a collection of works of art

 propagate and increase knowledge and appreciation of art

 give particular emphasis on the visual art of Australia and Asia

For further information on the Trust, refer to www.artgallery.nsw.gov.au

CONTROLLED ENTITY

The controlled entity has not been reported on separately as it is not material by its size or the nature of its operations to the consolidated entity

For further financial and other information on this entity we have listed the entity’s website

The Australian Institute of Asian Culture and

Visual Arts Limited

www.asianart.com.au

Trang 4

Australian Museum Trust AUDIT OPINION

The audit of the Museum’s financial report for the year ended 30 June 2009 resulted in an

unqualified Independent Auditor’s Report

KEY ISSUES

Collections Database (Repeat Issue)

I have previously recommended the Museum complete its program of recording its

collections on an electronic database as soon as possible

In recent years, I reported that the absence of an appropriate database impacts the Museum’s

ability to discharge its stewardship responsibilities over its collections Museum management has

again advised that completion of this task is dependent on the availability of funds They are

unable to determine when this work will be completed largely because of the number of collection

items

The Museum provided the following information regarding its performance

Value of Collection ($m) 767,114 767,064 530,331 530,331 530,301

(unaudited)

Visitor numbers were on similar levels to previous years, primarily due to continued public interest

in the Museum’s exhibitions, which included:

 Papunya Painting – ‘Out of the Desert’ from the National Museum of Australia, Canberra from

5 July 2008 to 2 November 2008

 Wildlife Photographer of the Year 2009 from the National History Museum, London from

13 December 2008 to 22 March 2009

 Climate Change – Our Future, Our Choice from 2 May 2009 to 16 August 2009

 Mammoth from the Museum National D’Histoire Naturelle, Paris from 10 April 2009 to

24 July 2009

 Frank Hurley – Journeys into Papua from 29 March 2008 to 15 March 2009

Admission fees increased in 2008-09 due to an increase of between three per cent and 60 per cent

in the price of admission across all categories

Trang 5

Australian Museum Trust

Auditor-General’s Report to Parliament 2009 Volume Nine 65

During the year the Museum launched its new website, the centrepiece of which is a new content management system which allows for much greater interaction between and among the Museum and the public The ‘Museum in a Box’ program delivered teaching resources to nearly 70,000 school students across NSW

The value of the Museum’s Collections increased significantly in 2007-08 due to a revaluation in that year

Abridged Income Statement

$’000 $’000

During 2008-09, the Trust received $15.5 million less in Government contributions mainly due to the completion of capital works on the New Collections and Research Building This was the first major new building to be constructed at the Museum in 20 years

The Museum was able to generate more than $12.9 million, over one-third of its total funding, from other sources such as admissions revenue, sales, competitive research grants and venue hire

$’000 $’000

Trang 6

Australian Museum Trust

The Trust spent $10.1 million in 2009 on additions to property, plant and equipment and collection items The major items of expenditure were:

 $3.8 million to complete the New Collection and Research Building

 $700,000 for upgrades to the Lizard Island Research Station

 $500,000 for copper roof work

TRUST ACTIVITIES

The Trust is constituted under the Australian Museum Trust Act 1975 Trustees are appointed by the Governor on the recommendation of the Minister for the Arts for a term of up to three years

The objectives of the Australian Museum Trust Act are to propagate knowledge about the natural environment of Australia and to increase that knowledge, particularly in the natural sciences of biology, anthropology and geology The Trust is responsible for the control and management of the Museum

For further information on the Trust, refer to www.austmus.gov.au

Trang 7

Department of the Arts, Sport and Recreation

AUDIT OPINION

The audit of the Department’s financial report for the year ended 30 June 2009 resulted in an unqualified Independent Auditor’s Report

KEY ISSUES

On 27 July 2009, the ‘Public Sector Employment and Management (Departmental Amalgamations)

Order 2009’ transferred all branches of the Department of the Arts, Sport and Recreation to

Communities NSW and abolished the Department of the Arts, Sport and Recreation

We identified some opportunities for improvement in internal control and reported them to management

Key Income and Expenses Recognised for the Year

$’000 $’000 2008

INCOME AND EXPENSES RECOGNISED DIRECTLY IN EQUITY

TOTAL INCOME AND EXPENSE RECOGNISED FOR THE YEAR 52,962 (523)

The decrease in other expenses of $17.3 million was primarily due to one off payments, in 2008, for Equine Influenza grants, $5.4 million and a capital grant to the Museum of Contemporary Art for the education wing and cafeteria development of $10.0 million

Trang 8

Department of Arts, Sport and Recreation _

Loan Guarantees

The Department acts as a guarantor for loans to sporting organisations At 30 June 2009, the Department had guaranteed 11 loans with outstanding balances totalling $3.3 million

$’000 $’000 2008

Non-current assets increased by $55.4 million primarily due to additions to property, plant and equipment of $16.5 million and net revaluation increments of $50.0 million offset by depreciation and amortisation charges of $12.2 million

The Department’s net cost of services on a service group basis is detailed below:

Arts Industry Development 44,332 49,145 57,490 5,777 8,068 Arts Accommodation Development 2,845 3,037 3,519 145,334 110,330 Regulatory Framework for the Liquor,

Gaming, Racing and Charity

Liquor, Gaming and Racing Funding

and Information Services 23,376 16,795 17,261 1,335 1,345 Sport and Recreation Sector

Development 36,149 33,661 29,823 225,480 215,633 Sports Facility Development 24,104 26,241 32,794 126,559 115,760 Personnel Services 8,704 4,716 8,132 (1,066) 1,805

Total all service groups 158,181 155,831 170,072 515,215 460,104

The net cost of services was lower than budget mainly due to increased grants and subsidy payments from grant funding programs across the Department of $8.8 million, offset by decreases

in employee related and other operating expenses of $5.6 million and increases in other revenues

of $5.4 million

Trang 9

_ Department of Arts, Sport and Recreation

Administered Revenue and Expenses

The Department levies the following fees and administers expenses on behalf of the Crown Entity

$’000 $’000 2008

Administered Revenue

Administered Expenses

* These were collected by the Department on behalf of the former Liquor Administration Board From 1 July 2008, the responsibility for these collections was transferred to the newly formed Casino, Liquor and Gaming Control Authority Consequently, these revenues are now recognised in the notes to the financial statements of that Authority.

DEPARTMENT ACTIVITIES

The Department of the Arts, Sport and Recreation consists of three divisions; Arts NSW, NSW Sport and Recreation, and the NSW Office of Liquor, Gaming and Racing

The purpose of the Department is to improve social well-being through fostering a spirited arts and cultural environment, developing a community based sport and recreation ethos, and ensuring the proper conduct and balanced development of the liquor, gaming, racing and charity industries For further information on the Department refer to www.communities.nsw.gov.au, www.arts.nsw.gov.au, www.dsr.nsw.gov.au and www.olgr.nsw.gov.au

Trang 10

Historic Houses Trust of New South Wales

AUDIT OPINION

The audits of the Trust and its controlled entities’ financial reports for the year ended

30 June 2009 resulted in unqualified Independent Auditor’s Reports

Unless otherwise stated, the following commentary relates to the consolidated entity

The Trust provided the following information regarding its performance

Properties

Collections

Acquired this year:

(unaudited)

The Trust occupies the Justice and Police Museum, which was owned by another Government agency The Trust has met and capitalised, the cost of upgrading the Museum because it has care and control of this property and derives the benefits of occupation For a number of years we recommended that action be taken to expedite the transfer of the Museum to the Trust The Trust has advised that the transfer of ownership has been completed in 2009-10

Our 2008-09 audit identified some opportunities for improvement to accounting and internal control procedures These matters have been reported to management

Trang 11

Historic Houses Trust of New South Wales

Abridged Operating Statements

2009 2008 2009 2008

$’000 $’000 $’000 $’000

Government contributions 22,685 19,231 22,685 19,231

The Trust does not have the authority to employ staff Personnel services are provided by the Department of Arts, Sport and Recreation The increase in personnel services expenses reflects pay rises and event and function staffing requirements

Abridged Balance Sheets

2009 2008 2009 2008

$’000 $’000 $’000 $’000

Non-current assets 241,352 241,567 240,442 240,803

Định dạng
Số trang	11
Dung lượng	143,62 KB