On the walls of the lowest terrace there are some colorful reliefs. They depict the miraculous birth of queen Hatshepsut and the transport of obelisks by boat to Karnak. Reliefs on the south side of the middle terrace show the queen's expedition through the Red Sea to Punt, the land of incense. These reliefs were restored in 1906 to protect their vivid colors.
In the photo you can see one of these reliefs. The figure on the left is one of the Theban main divinities, if I am not wrong it is the god Monthu. Monthu was the Theban god of war.