Noosa Council Annual Report 24/25

Noosa Council                                                                                   Noosa Council
General Purpose Financial Statements                                                            Statement of Comprehensive Income
for the year ended 30 June 2025                                                                 for the year ended 30 June 2025
                                                                                                §Statement§




                                                                                                $ '000                                                                                  Notes                2025         2024

Table of Contents                                                                   Page
                                                                                     Page       Income
                                                                                                Revenue
                                                                                                Recurrent Revenue
Current Year Financial Sustainability Statement                                       189
                                                                                       51       Rates, Levies and Charges                                                                 3a               93,256       88,468
Certificate of Accuracy (audited ratios)                                              191
                                                                                       53       Fees and Charges                                                                          3b                9,517        9,390
                                                                                                Sales Revenue                                                                             3c               16,598       16,027
Independent Auditor's Report - Current Year Financial Sustainability Statement         54
                                                                                      192
                                                                                                Grants, Subsidies, Contributions and Donations                                            3d                6,998        4,559
Certificate of Accuracy (contextual ratios - unaudited)                                58
                                                                                      196       Total Recurrent Revenue                                                                                  126,369      118,444
Unaudited Long Term Financial Sustainability Statement                                 59
                                                                                      197       Other Income
Certificate of Accuracy - Long Term Financial Sustainability Statement                200
                                                                                       62       Rental Income                                                                             18                 1,860       1,665
                                                                                                Interest and Investment Revenue                                                           4a                 8,990       9,279
                                                                                                Equity share of profit (loss) in Associate through Participation Rights                   13                 7,690       6,490
                                                                                                Other Income                                                                              4b                 3,058       2,744
                                                                                                Total Other Income                                                                                        21,598       20,178

                                                                                                Total Operating Revenue                                                                                  147,967      138,622
                                                                                                Capital Income
                                                                                                Grants, Subsidies, Contributions and Donations                                            3d               55,678       59,622
                                                                                                Capital Income                                                                            5                 7,329            –
                                                                                                Total Capital Income                                                                                      63,007       59,622




                                                                                                                                                                                                                                    Noosa Council Annual Report 24/25
                                                                                                Total income                                                                                             210,974      198,244

                                                                                                Expenses
                                                                                                Recurrent Expenses
                                                                                                Employee and Councillor Costs                                                             6                52,182       47,365
                                                                                                Materials and Services                                                                    7                63,052       60,335
                                                                                                Finance Costs                                                                             8                 2,325        1,386
                                                                                                Depreciation and Amortisation:
                                                                                                Depreciation of Property, Plant and Equipment                                             15               21,964       21,960
                                                                                                - Intangible Assets                                                                       16                   20           42
                                                                                                - Right of Use Assets                                                                     18                  267          168
                                                                                                Total Recurrent Expenses                                                                                 139,810      131,256
                                                                                                Other Expenses
                                                                                                Capital Expenses                                                                          9                10,261       20,166
                                                                                                Total Other Expenses                                                                                      10,261       20,166

                                                                                                Total Expenses                                                                                           150,071      151,422

                                                                                                Net Result                                                                                                60,903       46,822

                                                                                                Other Comprehensive Income
                                                                                                Items that will not be reclassified to Net Result
                                                                                                Increase in Asset Revaluation Surplus                                                     15               72,474      (18,509)
                                                                                                Total Other Comprehensive Income for the year                                                             72,474      (18,509)

                                                                                                Total Comprehensive Income for the year                                                                 133,377        28,313
                                                                                                The above statement should be read in conjunction with the accompanying notes and material accounting policies.




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