This financial summary provides an overview of the department’s financial results for 2017–18. A comprehensive set of
financial statements covering all of the department’s activities is provided in this report.
The department recorded an operating surplus of $207 million for the 2017–18 financial year.
Financial performance
| Category |
2016–17
$'000 |
2017–18
$'000 |
| Total income |
5,776,159 |
6,006,492 |
| Total expenses |
5,596,725 |
5,799,630 |
| Operating result for the year |
179,434 |
206,862 |
In the financial year 2017–18, the Queensland Government in partnership with the Gold Coast Commonwealth Games Corporation and the
City of Gold Coast Council successfully delivered the Gold Coast 2018 Commonwealth Games. The department played a major role in the event by
successfully coordinating an integrated transport network for spectators, workforce, commuters and athletes.
Funding to meet departmental requirements is received from the Queensland Government, own sourced revenue, and from allocations from the
Australian Government. Key drivers of the department’s funding includes the delivery of capital investment in the roads and transport
infrastructure network and in the provision of our key objectives through operational service delivery.
The department administers certain resources on behalf of the Queensland Government. The main source of administered revenue is from user
charges and fees for motor vehicle registrations, traffic fines, and other regulatory fees and fines.
Income
Income by category for the year ended 30 June 2018
Show chart data
Income by category for the year ended 30 June 2018
| Category |
Income percent |
| Appropriation revenue |
82.60 |
| User charges and fees |
12.04 |
| Grants and other contributions |
4.51 |
| Other revenue |
0.79 |
| Gains on disposal of assets |
0.06 |
Total income for the year was $6.006 billion. This included appropriation revenue from the Queensland Government of $4.961 billion, user
charges of $723 million and grants and other contributions of $271 million. In 2017–18 the department’s total income has
increased by $230 million mainly due to increased appropriation revenue representing accelerated funding for capital programs including the
Bruce Highway Upgrade and other state controlled roads.
Expenses
Expenses by category for the year ended 30 June 2018
Show chart data
Expenses by category for the year ended 30 June 2018
| Category |
Expenses percent |
| Supplies and services |
60.95 |
| Depreciation and amortisation |
18.73 |
| Employee expenses |
10.03 |
| Grants and subsidies |
7.91 |
| Finance and borrowing costs |
1.65 |
| Other expenses |
0.49 |
| Income tax equivalent expense |
0.16 |
| Impairment losses |
0.05 |
Total expenses for the department were $5.800 billion.
Supplies and services is our largest spend category, accounting for 61% of total expenditure. A key driver of this is payments to operators of rail, bus, air and ferry services which represents approximately 43% of total spend. Total capital expenditure in 2017–18 was $3.180 billion. Key to this is our investment in roads and transport infrastructure that originates from the Queensland Transport and Roads Investment Program (QTRIP).
Read more in our annual report
