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• 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

(n) Revaluations of non-current physical assets

Land, buildings, infrastructure and heritage and cultural assets are measured at fair value in accordance with AASB 1041 - Revaluation of Non-Current Assets and Queensland Treasury’s Non-Current Asset Accounting Guidelines for
the Queensland Public Sector.

All other non-current assets, principally plant and equipment and intangibles, are measured at cost.

Non-current physical assets measured at fair value are comprehensively revalued at least once every five years with interim valuations, using appropriate indices, being otherwise performed on an annual basis where there has been a material variation in the index.

Separately identified components of assets are measured on the same basis as the assets to which they relate.

(o) Leases

A distinction is made in the financial statements between finance leases that effectively transfer from the lessor to the lessee substantially all risks and benefits incidental to ownership, and operating leases under which the lessor retains substantially all risks and benefits.

Where a non-current physical asset is acquired by means of a finance lease, the asset is recognised at an amount equal to the present value of the minimum lease payments. The liability is recognised at the same amount.

Lease payments are allocated between the principal component of the lease liability and the interest expense.

Operating lease payments are representative of the pattern of benefits derived from the leased assets and are expensed in the periods in which they are incurred.

Incentives received on entering into operating leases are recognised as liabilities. Lease payments are allocated between rental expense and reduction of the liability.

(p) Other financial assets - investments

Other financial assets are brought to account at the lower of cost and recoverable amount and are disclosed at the fair values indicated in Note 30.

(q) Intangibles

Intangible assets with a cost or other value greater than $50,000 are recognised in the financial statements, items with a lesser value being expensed. Each intangible asset is amortised over its estimated useful life to the agency, less any anticipated residual value.

Internal Use Software

Costs associated with the development of computer software have been capitalised and amortised on a straight-line basis over the period of expected benefit to the Department, namely five to seven years.

(r) Payables

Trade creditors are recognised upon receipt of the goods or services ordered and are measured at the agreed purchase/contract price, gross of applicable trade and other discounts. Amounts owing are unsecured and are generally settled on 30 day terms.

(s) Interest-bearing liabilities

Loans payable are recognised at the face value of the principal outstanding, interest being expensed or otherwise recognised as it accrues. The fair value of these loans is disclosed in Note 30.

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