Accounting Financial Revenue of Department

Question: Describe the Accounting Financial for Revenue of Department. Answer: Worksheet Department Key Indicators Income Statement Source of Finance Queensland Government Department of Infrastructure 1. The department provides customer satisfaction to provide better activity through experience and expectation of the customers. 2. It also provides improved conduct of the departments and gives information as when required. 3.It decreases the need for any applicant to ask for a decision by improving the process and interactions of the department 1. The revenue for the department was $345.2 million which is a rise of $95.3 million from last year due to transfer of different planning, development and infrastructural functions in the department. 2. The economic development of Queensland land sales has derived $89.6 million. 3. The expense of the department has amounted to a total of $ 353.8 million, which is an increase of $91.4 million due to recognition of the development and infrastructural functions introduced in the department. 4. The grants and the expenses are the main expenses around $130.5 million followed by services and supplies of $64.1 million and $64.1 million of land sales. These grants are mainly due to recurrent payments and capitals to the local bodies. 5. The department holds a total asset of $1087.2 million with $ 307.2 million as land inventory and $254.9 million from land property (Dilgp.qld.gov.au. 2016). 6.The property from investment has around $ 245.1 million and $228.4 million as cash equivalents 7.The department has a total liability of $ 196.2 million 1.The main source of finance for the state of Queensland has been from loans taken from the central bank 2 The appropriation of revenue is the vital source of income for the department of $ 206.2 million 3. The land sales of economic development of Queensland accounts for $ 89.6 million, as a main source of finance. 4. Tax revenue from the Queensland government is also a source of finance. Department of Australian Post 1.The department has taken up key initiatives like bringing in cultural changes and equip the people with training and skills which will improve the performance of the organization 2.The reduction in the emission of gas and decrease in carbon to save the environment 3. Promoting social cohesion and supporting communities who are in need of help. 1. The summarized financial statement of Australian post show that there is a Net loss after tax is $ 221.7 million with respect to the SCI budget. 2. The EBIT is negative as it is a loss of $ 321.1 million and is primarily due to a rise in the operating cost. 3. The total asset for the department is $ 5093.2 million an increase from $ 4651.2 million from the previous year.. 4. The total liability of the organization is $ 1677.7 million a minimum increase by $ 7.7 million (Auspost.com.au. 2016). 5. The gearing ratio is also low and because of increased equity and level of debt. The increase in equity is also due to revaluation of the assets. 6. The net cash after operating activities is $ 415.1 million a decrease of $ 3.5 million from the previous year. 1. The basic source of finance for this organization is through secured and unsecured loans from the banks and Governments. 2. The deposits and investments through private and public investors in the bank is also a good source of finance. 3. The organization also uses its reserves to finance its operations. Virgin Australia Ltd (Australian Listed Company) 1.Giving better airline service to the customers and giving additional benefits like beverage and in flight support 2.Concentrating on the customer satisfaction and gathering customer feedback to improve their service 3. Taking actions towards CSR activities to improve the social structure of the culture and improving the economy. 1. The statement of profit and loss reveals that the share of losses for equity has decreased due to improved situation of Virgin Samoa and Tiger Air both a part of Virgin Australia. 2. The financial income of Virgin Australia has grown to income of $21.8 million generated from the acquisition of Tiger Air. The financial costs also increased due to with respect to the last accounting period due to the introduction of new financial facilities. 3. The organization incurred income tax expense of $ 69.5 million. The net deferred tax assets has increased to $69.7 million due to extra tax losses generated of $152.4 million inclusive of $14 million tax losses of Tiger Air from increased subtractions from the fixed assets. 4. The property and plant equipments etc increased by $ 379.5 million and the intangible assets increased by $202 million. 5. The trade and other payables also increased by $80.1 million and the current and non-current provisions rose by $72.3 million. Unearned revenue also increased by $133.8 million and the interest bearing liability has grown by $811.5 million inclusive of USD 300 million unsecured and $225 million secured bonds. 6. The total equity decreased by $27.3 million primarily due to a loss of $ 93.8 million for the year. The current liabilities are $ 713.8 million more than the current assets. The consolidated financial statement has been created on a going concern basis contemplating a return to the profitable trading and competitive cash position (Virgin Australia. 2016). 1. The main source of finance for this organization is through unsecured loans from the banks. 2. Acquisition of new organizations by the company increases the assets of the company. 3. The firm releases shares in the market and thus receives capital from the investors. The profit or revenue generated from the service process of the organization also acts as reserves of the organization, which they invest for further developments. Reference List Auspost.com.au. (2016).Publications - Australia Post. [online] Available at: https://auspost.com.au/about-us/publications.html [Accessed 4 Oct. 2016]. Dilgp.qld.gov.au. (2016).Home. [online] Available at: https://www.dilgp.qld.gov.au/ [Accessed 4 Oct. 2016]. Virgin Australia. (2016).Virgin Australia | Book flights holidays with Virgin Australia. [online] Available at: https://www.virginaustralia.com [Accessed 21 Sep. 2016].