Report on State Finances

The Report on State Finances 2017-18 incorporates both the Outcomes Report prepared on a Uniform Presentation Framework (UPF) basis and the AASB1049 Financial Statements prepared in accordance with Australian Accounting Standards, providing a comprehensive view of the financial operations and position of the Queensland Government.

The Report incorporates both the Outcomes Report prepared on a Uniform Presentation Framework (UPF) basis and the AASB 1049 Financial Statements prepared in accordance with Australian Accounting Standards, providing a comprehensive view of the financial operations and position of the Queensland Government.

Outcomes Report

The Outcomes Report contains financial statements that are prepared and presented in accordance with the Uniform Presentation Framework (UPF) which also aligns with AASB 1049 Whole of Government and General Government Sector Financial Reporting. The Outcomes Report compares achieved financial results with the estimates for 2017-18 in the 2018-19 State Budget.

The UPF presentation is primarily structured on a sectoral basis with a focus on the General Government and Public Non-financial Corporations sectors.

AASB 1049 Financial Statements

The AASB 1049 Financial Statements outline the operations of the Queensland Government on an accrual basis in accordance with Australian Accounting Standards, principally AASB 1049 Whole of Government and General Government Sector Financial Reporting and other authoritative pronouncements. The statements present the operating statement, balance sheet and cash flows of the Queensland Total State sector on a consolidated basis and the General Government Sector (GGS) on partially consolidated basis, with comparatives for the prior period.
Disaggregated Financial Statements for the General Government, Public Non-financial Corporations and Public Financial Corporations sectors are disclosed in Note 2 to the Financial Statements.

The Statements are divided into two parts:

  • Overview and Analysis – Part A (PDF 40 K)
    Includes Overview and Analysis of the Operating Statement, Balance Sheet, and Cash Flow Statement.
  • Audited Financial Statements – Part B (PDF 235 K)
    Includes Financial Statements of the Queensland Government, incorporating the General Government Sector and Total State Sector, Notes to the Financial Statements, Certificate of Queensland State Government Financial Statements and Independent Auditor’s Report for the Queensland GGS and Total State Sector.

Complete Report

Previous reports