Coding of responses
| Illustrative case | Approach to financial valuation and changes in the value of collection | Relevant comments in the explanatory note other than technical specifications | Reference to collection financial value in the annual report | Reference to collection financial value in the auditor's opinion or auditor general | Reference to collection financial value in other sources | Response coded as | Definition |
|---|---|---|---|---|---|---|---|
| National Gallery of Victoria (2004) | Collection is valued, no-out-of-the ordinary increase in value of the collection | No | No | No | No | Splitting | A response to tension that involves separating contradictory elements |
| Australian Museum (1999) | Non-financial valuation | “… a financial valuation does not reflect what the Museum believes to be the true intrinsic worth of the collections” AM (1999, p. 14) | No | “In my opinion, because of the [missing heritage assets recognition], the financial report does not present fairly […] the financial position of the Trust” AM (1999, p. 15) | No | Opposing | A response to tension that involves engaging in active confrontation |
| Western Australian Museum (2014) | Value of the collection decreased by 46% compared to 2013 | “During the collection valuation process, a review of the previous valuation done in 2009 was conducted and the Collections' values were adjusted by $198.970 million to correct an error in the 2009 valuation” WAM (2014, p. 89) | “… a decrease in the stated value of the collections This is, of course, a paper value for items that, in almost every case, could not be liquidated to realise a cash value” WAM (2014, p. 9) | No | “The collection […] was revalued this year at $347.06 million, […] 46 per cent less than in 2009 […] Mr Coles [the CEO] said the decrease did not affect the integrity or intrinsic value of collections” Bevis (2014) | Suppressing | A response to tension that involves prioritising one element and allowing it to dominate or overrule the other element of the paradox |
| National Museum of Australia (2005) | Collection is valued, no-out-of-the ordinary increase in value of the collection | “A major review of Collections useful lives was undertaken which resulted in all Collections items being assigned a useful life, with the majority having their useful life extended from 75 years to 200 and 300 years (maximum 5,000 years)” NMA (2005, p. 98) | No | No | No | Assimilation | Assimilation occurs when practices and arrangements, which have been associated with a subordinate element, come to be incorporated into the dominant element |
| Illustrative case | Approach to financial valuation and changes in the value of collection | Relevant comments in the explanatory note other than technical specifications | Reference to collection financial value in the annual report | Reference to collection financial value in the auditor's opinion or auditor general | Reference to collection financial value in other sources | Response coded as | Definition |
|---|---|---|---|---|---|---|---|
| Collection is valued, no-out-of-the ordinary increase in value of the collection | No | No | No | No | Splitting | A response to tension that involves separating contradictory elements | |
| Non-financial valuation | “… a financial valuation does not reflect what the Museum believes to be the true intrinsic worth of the collections” | No | “In my opinion, because of the [missing heritage assets recognition], the financial report does not present fairly […] the financial position of the Trust” | No | Opposing | A response to tension that involves | |
| Value of the collection decreased by 46% compared to 2013 | “During the collection valuation process, a review of the previous valuation done in 2009 was conducted and the Collections' values were adjusted by $198.970 million to correct an error in the 2009 valuation” | “… a decrease in the stated value of the collections | No | “The collection […] was revalued this year at $347.06 million, […] 46 per cent less than in 2009 […] Mr Coles [the CEO] said the decrease did not affect the integrity or intrinsic value of collections” | Suppressing | A response to tension that involves prioritising one element and allowing it to dominate or overrule the other element of the paradox | |
| Collection is valued, no-out-of-the ordinary increase in value of the collection | “A major review of Collections useful lives was undertaken which resulted in all Collections items being assigned a useful life, with the majority having their useful life extended from 75 years to 200 and 300 years (maximum 5,000 years)” | No | No | No | Assimilation | Assimilation occurs when practices and arrangements, which have been associated with a subordinate element, come to be incorporated into the dominant element |