Noosa Council Annual Report 24/25

Financial Statements
                                                                       Noosa Council
                                                                       General Purpose Financial Statements

2024 – 2025
                                                                       for the year ended 30 June 2025
                                                                       §MainTOC§




                                                                                   Table of Contents                                                                                   Page
                                                                                                                                                                                        Page


                                                                                   Primary Financial Statements
                                                                                                                                                                                         141
                                                                                   Statement of Comprehensive Income                                                                      3
                                                                                                                                                                                         142
General Purpose Financial Statements for the year ended 30 June 2025               Statement of Financial Position                                                                        4
                                                                                                                                                                                         143
                                                                                   Statement of Changes in Equity                                                                         5
                                                                                   Statement of Cash Flows                                                                               144
                                                                                                                                                                                          6

                                                                                   Notes to the Financial Statements
                                                                                                                                                                                         145
                                                                                                                                                                                          7
                                                                                   1        Information about these Financial Statements
                                                                                                                                                                                         147
                                                                                                                                                                                          8
                                                                                   2        Analysis of Results by Function
                                                                                                                                                                                         149
                                                                                                                                                                                         11
                                                                                   3        Revenue
                                                                                                                                                                                         152
                                                                                                                                                                                         14
                                                                                   4        Interest and Other Income
                                                                                                                                                                                         152
                                                                                                                                                                                         14
                                                                                   5        Capital Income
                                                                                                                                                                                         152
                                                                                                                                                                                         14
                                                                                   6        Employee and Councillor Costs
                                                                                                                                                                                         153
                                                                                                                                                                                         15
                                                                                   7        Materials and Services
                                                                                                                                                                                         153




                                                                                                                                                                                                   Noosa Council Annual Report 24/25
                                                                                   8        Finance Costs                                                                                15
                                                                                                                                                                                         154
                                                                                                                                                                                         16
                                                                                   9        Capital Expenses
                                                                                                                                                                                         154
                                                                                                                                                                                         16
                                                                                   10       Cash, Cash Equivalents and Investments
                                                                                                                                                                                         155
                                                                                                                                                                                         17
                                                                                   11       Receivables
                                                                                                                                                                                         157
                                                                                                                                                                                         19
                                                                                   12       Other Assets
                                                                                                                                                                                         157
                                                                                                                                                                                         19
                                                                                   13       Equity Investments
                                                                                                                                                                                         159
                                                                                                                                                                                         21
                                                                                   14       Investment Property
                                                                                                                                                                                         160
                                                                                                                                                                                         22
                                                                                   15       Property, Plant and Equipment
                                                                                                                                                                                         169
                                                                                                                                                                                         31
                                                                                   16       Intangible Assets
                                                                                                                                                                                         169
                                                                                   17       Contract Balances                                                                            31
                                                                                                                                                                                         170
                                                                                   18       Leases                                                                                       32
                                                                                                                                                                                         173
                                                                                   19       Payables                                                                                     35
                                                                                                                                                                                         173
                                                                                   20       Borrowings                                                                                   35
                                                                                                                                                                                         174
                                                                                   21       Provisions                                                                                   36
                                                                                                                                                                                         175
                                                                                   22       Other Liabilities                                                                            37
                                                                                                                                                                                         175
                                                                                   23       Asset Revaluation Surplus                                                                    37
                                                                                                                                                                                         176
                                                                                   24       Capital Commitments                                                                          38
                                                                                                                                                                                         176
                                                                                   25       Contingent liabilities                                                                       38
                                                                                                                                                                                         177
                                                                                   26       Superannuation                                                                               39
                                                                                                                                                                                         178
                                                                                   27       Reconciliation of Net Result for the year to Net Cash Inflow/(Outflow) from Operating        40
                                                                                            Activities
                                                                                   28       Events after the reporting period                                                            179
                                                                                                                                                                                         41
                                                                                   29       Financial Instruments and Financial Risk Management                                          179
                                                                                                                                                                                         41
                                                                                   30       National competition policy                                                                  182
                                                                                                                                                                                         44
                                                                                   31       Trust funds                                                                                  183
                                                                                                                                                                                         45
                                                                                   32       Transactions with related parties                                                            183
                                                                                                                                                                                         45

                                                                                   Management Certificate for the year ended 30 June 2025                                                185
                                                                                                                                                                                         47

                                                                                   Independent Auditor's Report                                                                          48
                                                                                                                                                                                         186
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