2008 Annual Report - Queensland Police Service - Queensland ...

DEPARTMENT OF POLICE
NOTES DEPARTMENT TO AND OF FORMING POLICE PART OF THE FINANCIAL REPORT
Department For NOTES the TO year AND of ended Police FORMING 30 June PART 2008OF THE FINANCIAL REPORT
Notes For the to year and ended forming 30 part June of 2008 the Financial Report
as at 30 June 2008
(e) Output Revenue/Administered Revenue
(e) Output Revenue/Administered Revenue
Appropriations provided under the Annual Appropriation Act are recognised as revenue when received.
Appropriations receivable provided under and unearned the Annual appropriation Appropriation revenue Act are are recognised recognised as at revenue 30 June when as approved received. by
Queensland Appropriations Treasury. receivable and unearned appropriation revenue are recognised at 30 June as approved by
Queensland Treasury.
Amounts appropriated to the department for transfer to other entities in accordance with legislative or other
requirements Amounts appropriated are reported to the as department 'administered for item' transfer appropriations. to other entities in accordance with legislative or other
requirements are reported as 'administered item' appropriations.
(f) User Charges, Taxes, Fees and Fines
(f) User Charges, Taxes, Fees and Fines
User charges and fees controlled by the department are recognised as revenues when invoices for the related
services User charges are issued. and fees User controlled charges by and the fees department are controlled are recognised by the department as revenues where when they invoices can be for deployed the related for
the services achievement are issued. of departmental User charges objectives. and fees are controlled by the department where they can be deployed for
the achievement of departmental objectives.
Taxes, fees and fines collected, but not controlled, by the department are reported as administered revenue.
Refer Taxes, to fees Note and 31. fines collected, but not controlled, by the department are reported as administered revenue.
Refer to Note 31.
(g) Grants and Contributions
(g) Grants and Contributions
Grants, contributions, donations and gifts that are non-reciprocal in nature are recognised as revenue in the
year Grants, in which contributions, the department donations obtains and gifts control that over are non-reciprocal them. in nature are recognised as revenue in the
year in which the department obtains control over them.
Where grants are received that are reciprocal in nature, revenue is accrued over the term of the funding
arrangements.
Where grants are received that are reciprocal in nature, revenue is accrued over the term of the funding
arrangements.
Contributed assets are recognised at their fair value.
Contributed assets are recognised at their fair value.
Contributions of services received free of charge or for nominal value are recognised only if the services would
have Contributions been purchased of services if they received had not free been of charge donated or for and nominal their fair value value are can recognised be measured only reliably. if the services Where would this
is have the been case, purchased an equal amount if they had is recognised not been donated as revenue and and their as fair an value expense. can be measured reliably. Where this
is the case, an equal amount is recognised as revenue and as an expense.
(h) Cash and Cash Equivalents
(h) Cash and Cash Equivalents
For the purposes of the Balance Sheet and the Cash Flow Statement, cash assets include cash on hand, all
cash For the and purposes cheques of receipted the Balance but not Sheet banked and the at 30 Cash June Flow as Statement, well as deposits cash assets at call include with financial cash on institutions. hand, all
cash and cheques receipted but not banked at 30 June as well as deposits at call with financial institutions.
(i) Receivables
(i) Receivables
Trade debtors are recognised at the nominal amounts due at the time of sale or service delivery. Settlement of
these Trade amounts debtors are is required recognised within at the 30 nominal days from amounts invoice due date. at the time of sale or service delivery. Settlement of
these amounts is required within 30 days from invoice date.
The collectability of receivables is assessed periodically with provision being made for impairment. All known
bad The collectability debts were written-off receivables as at is 30 assessed June. Increases periodically in the with provision provision for being impairment made for are impairment. based on loss All known events
as bad disclosed debts were in Note written-off 30. as at 30 June. Increases in the provision for impairment are based on loss events
as disclosed in Note 30.
Other debtors generally arise from transactions outside the usual operating activities of the department and
are Other recognised debtors generally in the same arise way from as transactions other receivables. outside the usual operating activities of the department and
are recognised in the same way as other receivables.
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Financial statements 2007-08
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