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2008 09 Financial Snapshot

Our income - where the funds come from

In 2008-09, the department underwent machinery-of-government changes which will need to be taken into account when comparing 2008-09 results with those from the previous year. We received $6.589 billion for our operations, an increase of $468 million from the previous year.

State Government output revenue increased by $589 million. This was largely due to a change in funding arrangements with the Australian Government. Grants previously received directly from the Australian Government are now received as output revenue.

Other increases included funding for enterprise bargaining outcomes, enhanced literacy support for students, and additional investment in the pre-Prep early learning program in Indigenous communities.

Fees and charges decreased by $10 million, predominantly reflecting the separation of Southbank Institute of Technology and Gold Coast Institute of TAFE from the department as statutory training authorities.

The department also received $3.668 billion in administered funding, an increase of $413 million from 2007-08. Administered funding is distributed as grants to statutory authorities, peak bodies for non-state schools and other entities, enabling them to deliver agreed services to Queenslanders.

Our expenses - how the funds are spent

The department's total expenses of $6.588 billion this year is an increase of $468 million from last year. Salaries and wages are still the agency's major expense component at 72 per cent of total expenses. This is in line with the agency's use of funds to retain service delivery staff, including teachers and trainers supporting the learning needs of students and clients.

Our liabilities - what we owe

The department held liabilities totalling $958 million at 30 June 2009, an increase of $20 million on 2007-08.

The lease asset and corresponding finance lease liability for the Southbank Education and Training Precinct is held by the department and forms the majority of our financial liabilities.

Capital creditors from the delivery of the capital program also make up a large portion of the creditors at 30 June 2009 and the introduction of the Annual Leave Central Scheme resulted in the provision for annual leave now being reflected under Accrued Employee Benefits.

Snapshot
01 July 2008 - 30 June 2009
2008-09
$(000)
2007-08
$(000)
2006-07
$(000)
2005-06
$(000)
2004-05
$(000)
2003-04
$(000)
Controlled revenue
Output revenue 5 434 806 4 845 846 4 461 478 3 752 162 3 485 378 3 214 542
Other revenue 1 154 354 1 275 176 1 117 747 733 054 685 422 639 000
Controlled expenses 6 588 438 6 120 394 5 530 523 4 474 541 4 166 461 3 878 813
Operating surplus/(deficit) 722 628 48 702 10 675 4 339 (25 271)
Administered grants 751 606 668 111 655 699 684 401 576 187 470 215
Capital outlays 680 344 674 710 652 911 533 208 356 329 261 618

Total assets 17 470 605 16 871 239 15 485 397 12 205 538 11 170 796 8 520 320
Total liabilities 957 913 937 659 721 626 586 308 423 873 392 860
Net assets/(liabilities) 16 512 692 15 933 580 14 763 771 11 619 230 10 746 923 8 127 460

 

  2008-09 2007-08 2006-07 2005-06 2004-05 2003-04
Employee expenses ($000) 4 718 681 4 429 245 3 934 980 3 346 039 3 224 681 3 050 202
Number of employees
at 30 June (FTE)
63 732 63 445 61 972 54 910 54 029 53 216

Note 1 - Due to machinery-of-government changes, Early Childhood Education and Care functions were transferred from the Department of Communities on 1 January 2009. On 31 March 2009, Arts Queensland (including Corporate Administration Agency) was transferred to the Department of the Premier and Cabinet.

Note 2 - Due to machinery-of-government changes in 2006, Training is included in figures from 2006-07.

For a comprehensive set of financial statements covering all aspects of the department's activities see DET 2008-09 Financial Statements (new window) 544K Adobe PDF document . No totals have been adjusted for commercial-in-confidence requirements.

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