Regions Financial summary Summary of financial performance The following table summarises the operating result and financial position for QFES 2017–18 and 2016–17. 2017–18 2016–17 Statement of comprehensive income $’000 $’000 646,112 Total income from continuing operations 685,510 637,280 Total expenses from continuing operations 682,237 8,832 Total comprehensive income 3,273 2017–18 2016–17 Statement of financial position $’000 $’000 111,170 Total assets 135,050 43,285 Total liabilities 63,893 67,885 Net assets (equity) 71,157 Income and expenses from continuing operations QFES is funded to deliver a wide range of fire and emergency management and recovery services through emergency management levies paid by prescribed property owners across the state. QFES also receives income from other revenue sources including user fees and charges from building and infrastructure fire safety and alarm monitoring services, training and contract services, charges for attendance at incidents, parliamentary appropriations and federal government grants and contributions. QFES aims to protect persons, property and the environment through the delivery of emergency services, awareness programs, response capability and capacity and incident response and recovery for a safer Queensland. The expenses incurred in the delivery of these services are summarised further below. For 2017–18, QFES received income from continuing operations totalling $685.510 million and incurred total expenditure from continuing operations of $682.237 million. This is comprised of: Income appropriation revenue for services $87.6 million user charges and fees $53.7 million emergency management levies $511.9 million
Regions Financial summary Summary of financial performance The following table summarises the operating result and financial position for QFES 2017–18 and 2016–17. Statement of comprehensive income 2017–18 $’000 2016–17 $’000 Total income from continuing operations 685,510 646,112 Total expenses from continuing operations 682,237 637,280 Total comprehensive income 3,273 8,832 Statement of financial position 2017–18 $’000 2016–17 $’000 Total assets 135,050 111,170 Total liabilities 63,893 43,285 Net assets (equity) 71,157 67,885 Income and expenses from continuing operations QFES is funded to deliver a wide range of fire and emergency management and recovery services through emergency management levies paid by prescribed property owners across the state. QFES also receives income from other revenue sources including user fees and charges from building and infrastructure fire safety and alarm monitoring services, training and contract services, charges for attendance at incidents, parliamentary appropriations and federal government grants and contributions. QFES aims to protect persons, property and the environment through the delivery of emergency services, awareness programs, response capability and capacity and incident response and recovery for a safer Queensland. The expenses incurred in the delivery of these services are summarised further below. For 2017–18, QFES received income from continuing operations totalling $685.510 million and incurred total expenditure from continuing operations of $682.237 million. This is comprised of: Income appropriation revenue for services $87.6 million user charges and fees $53.7 million emergency management levies $511.9 million
QFES-2017-18-Annual-Report.docx