FINANCIAL REPORT

A four-year summary of results is presented below. The full version of the 2022 Financial Statements can be found on the Opera Queensland website. The 2022 result reflects a planned investment in increased performance activity through new productions and employment of artists and arts workers.

1. Net result from Operating Activities excludes a number of restricted income streams which are not available for operating purposes.

2. Restricted Items include:

• Philanthropic bequest and endowments

Fair value of adjustment of financial assets (shares) attributed to the donation and endowment reserve

• Reserves matched funding from the Australia Council

The above statement should be read in conjunction with the notes and summary of significant accounting policies. This is an extract from the audited Financial Statements. The full version of the Financial Statements can be found on the Opera Queensland website.

Opera Queensland is committed to creating a vibrant program of classic and contemporary new work by diverse artists for diverse audiences, across Queensland and beyond. Creative collaboration across artforms is a distinctive hallmark of Opera Queensland’s standing as a world class opera company.