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	Contents

• Introduction
• Highlights
• Overview
• Under Treasurer's report
• Treasury's performance
• Treasury's outputs
  • Financial and economic policy
  • Government-owned corporations performance and governance
  • Economic and statistical research
  • Taxation
  • Gambling
  • Superannuation
  • Shared service implementation
• Corporate governance and people management
• Financial summary
• Financial statements
• Appendix
• Contacts
  • Executive Services
  • Treasury Office
  • Portfolio offices
• Feedback form

• Download the complete Annual Report 2003–04 (2.7mb)

Treasury is a Queensland Government department established under the Public Service Act 1996 and is required to prepare general purpose financial statements under Section 40 of the Financial Administration and Audit Act 1977.

The general purpose financial report covers Treasury Department and its controlled entities. Separate financial statements are provided for the controlled and administered activities of the department.

The Treasury Department controlled financial statements cover the revenues, expenses, assets and liabilities used to conduct Treasury Department business. The Consolidated Treasury Department financial statements include Queensland Treasury Holdings Pty Ltd (QTH) and its subsidiaries.

The Treasury Department administered financial statements cover the funds Treasury administers on behalf of the Queensland Government.

The financial statements will enable readers to assess performance, financial position and financing and investing activities to understand and make decisions about the allocation of resources. The report also provides a mechanism to enable management and the Government to fulfil their statutory responsibilities and accountability.

This financial report includes:

• Statement of Financial Performance

  This statement provides information about revenues, expenses and the results of operations for the financial year.

• Statement of Financial Position

  This statement provides information about assets, liabilities and the Government’s equity at the end of the financial year.

• Statement of Cash Flows

  This statement provides information about the sources and uses of cash during the financial year and the cash available at the end of the financial year.

• Statement of Outputs/Major Activities

  This statement provides information on revenues and expenses for each of the outputs controlled by the department for the financial year.

• Notes to and forming part of the Financial Statements

  These notes provide additional information about items disclosed in the financial statements.

The report is arranged in the general purpose financial reporting format defined by the Australian Accounting Standards Board.

Financial statements (759k)

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