• Home
• Director-General's report
• Letter of transmission
• Our Department: who we are and what we do
• Corrective Services - an historical perspective
• Our contribution to Queensland Government services
• Our performance compared nationally
• Service delivery locations
• Output performance
• Cover page
• Containment services
• Containment services (cont.)
• Containment services (cont.)
• Supervision services
• Supervision services (cont.)
• Supervision services (cont.)
• Intervention services
• Intervention services (cont.)
• Intervention services (cont.)
• Intervention services (cont.)
• Intervention services (cont.)
• Governance
• Governance
• Governance (cont.)
• Governance (cont.)
• Governance (cont.)
• Governance (cont.)
• Our leadership
• Our leadership (cont.)
• Corporate governance committees
• Corporate governance committees (cont.)
• Organisational structure
• Internal auditing
• Ethical standards Corrections boards Community engagement
• Official visitor program
• Awards
• Staff awards
• Staff awards (cont.)
• Appendix
• Key performance statistics
• Cover page
• Table 1
• Tables 2-4
• Tables 5-6
• Table 7
• Tables 8-9
• Tables 10-11
• Table 12
• Departmental contact details
• Feedback form
• Financial statements
• Financial summary
• Financials guide
• Statement 1
• Statement 2
• Statement 3
• Statement 4
• Statement 4(cont.)
• Notes 1a-1d
• Notes 1e-1j
• Notes 1k-1m
• Notes 1n-1s
• Notes 1t-1v
• Notes 1w-1ab
• Notes 1ac-1ad
• Notes 2-3
• Notes 4-5
• Note 6
• Notes 7-9
• Notes 10-13
• Notes 14-15
• Notes 16-19
• Note 19 (cont.)
• Notes 19 (cont.)-20
• Notes 21-23
• Note 24
• Note 25
• Note 26
• Notes 26 (cont.)-28
• Notes 29-30
• Notes 30 (cont.)-31
• Notes 32-34
• Certificate of the Department
• Independent audit report
• Annual Report Index
• Downloads Page

Financial statements guide

Financial statements enable readers to assess the Department’s financial performance, cashflows and position.

This financial report covers the Department of Corrective Services and its controlled entities for the 2003-04 financial year.

The Department of Corrective Services is a Queensland Government department established under the Public Service Act 1996.

It is a requirement of every Queensland Government department to prepare general purpose financial statements as outlined in section 40 of the Financial Administration and Audit Act 1977.

A number of components make up the Department of Corrective Services’ Financial Statements, including:

• Statement 1 — Statement of Financial Performance: This statement shows the expenses and revenues and the results of operations for the financial year.
  
  
• Statement 2 — Statement of Financial Position: This statement provides information concerning assets, liabilities and the Government’s equity at the end of the financial year. Current assets shown are reasonably expected to be converted to cash, sold or consumed in the operations of the Department in the next financial year. Current liabilities are reasonably expected to consume cash in the next financial year.
  
  
• Statement 3 — Statement of Cashflows: This statement provides information concerning sources and uses of cash during the financial year and available cash at the end of the financial year.
  
  
• Statement 4 — Statement of Financial Performance by Outputs: This statement provides information on revenues and expenses for each output.

Financial statements guide
Statement of Financial Performance
Statement of Financial Position
Statement of Cash Flows
Statement of Financial Performance by outputs/major activities - controlled



Notes to and forming part of the financial statements

Summary of significant accounting policies
Basis of accounting
The reporting entity
Administered transactions and balances
Trust and agency transactions and balances
Output revenue/administered revenue
User charges, taxes, fees and fines
Grants and other contributions
Cash assets
Receivables
Inventories
Acquisitions of assets
Property, plant and equipment
Amortisation and depreciation on intangibles, property, plant and equipment
Revaluation of non-current physical assets
Leases
Other financial assets — investments Intangibles
Payables
Interest-bearing liabilities
Employee benefits
Allocation of revenues and expenses from ordinary activities to corporate services
Outputs/ major activities of the Department
Insurance
Rounding and comparatives
Services received free of charge or for nominal value
Contributed equity
Borrowing costs
Taxation
Adoption of International Financial Reporting Standards
Implementation of the Shared Services Initiative


Reconciliation of payments from consolidated fund
User charges
Grants and other contributions
Other revenues
Employee expenses/number of employees/chief executive’s remuneration
Supplies and services
Equity return expenses
Depreciation and amortisation
Grants and subsidies
Other expenses
Borrowing costs
Cash assets
Receivables
Inventories
Other financial assets
Other current assets
Intangibles
Property, plant and equipment
Payables
Interest-bearing liabilities
Provisions
Other current liabilities
Changes in equity
Reconciliation of net surplus/deficit to net cash provided by (used in) operating activities
Commitments for expenditure
Contingencies
Independent statutory authorities
Events occurring after balance date
Financial instruments
Schedule of administered items
Money in trust
Funding initiatives
Completion of financial statements


Certificate of the Department of Corrective Services

Independent Audit Report

Department of Corrective Services
Annual Report 2003-04