Print-friendly versionParent entity analysis - Department of the Premier and Cabinet
The following analysis is provided to assist users in understanding the department's Financial statements for 2003-04. Where appropriate, comparison has been provided to the 2002-03 financial statements.
| Statement of Financial Performance | 2003-04 ($'000) |
2002-03 ($'000) |
| Revenues from ordinary activities | 82,736 | 83,376 |
| Expenses from ordinary activities | 82,004 | 82,286 |
Revenue
The department's main revenue source is Output Revenue from the Queensland Government. In addition the department receives Commonwealth grant funding and revenue from user charges.
Expenses
The major expenses associated with departmental activities include employee expenses, supplies and services, depreciation and amortisation of non-current assets and grants and subsidies.
| Statement of Financial Position | 2003-04 ($'000) |
2002-03 ($'000) |
| Total assets | 29,466 | 27,796 |
| Total liabilities | 24,132 | 23,600 |
| Total equity | 5,334 | 4,196 |
The department maintained a sound Equity/Net Asset position at 30 June 2004 through effective asset management practices and the management of liabilities owing.
The following graph represents a comparison of the department's major financial items.
DPC parent entity
The department's expenditure is predominantly incurred on costs associated with its role of providing support to the Premier and Cabinet. This graph (above) depicts the department's expenditure by major resource category for 2003-04.
The department is predominantly funded by direct appropriation from Government. This graph (above) highlights the department's funding sources.
The department comprises four Outputs as at 30 June 2004, following movements during 2003-04 resulting from machinery-of-Government changes and internal restructure. The majority of the Community Engagement Output was transferred from this department to the Department of Communities and Department of Local Government, Planning, Sport and Recreation in February/March 2004. The remainder was amalgamated into the Government and Executive Services Output, along with the former Events, Protocol and Communication Services Output. The International Trade Development Output was transferred to this department from the Department of State Development and Innovation in February 2004.
This graph (above) therefore includes the expenditure incurred by five outputs (as well as Generally Not Attributed) as a share of total departmental expenditure, with Community Engagement representing expenditure for the period July 2003 to February/March 2004 and International Trade Development representing expenditure for the period February to June 2004.