Noosa Council Annual Report 24/25

Noosa Council                                                                                                                       Noosa Council
Statement of Financial Position                                                                                                     Statement of Changes in Equity
as at 30 June 2025                                                                                                                  for the year ended 30 June 2025
§Statement§




                                                                                                                                    §Note/Subtotal§
                                                                                                                                    §Subnote§




$ '000                                                                                  Notes                2025         2024                                                                                                     Asset
                                                                                                                                                                                                                              revaluation       Retained           Total
Assets                                                                                                                              $ '000                                                                          Notes        surplus         surplus          equity
Current Assets
Cash and Cash Equivalents                                                                 10               83,238       76,126
Investments                                                                                                                         Balance as at 1 July 2024                                                                     316,107      1,091,639       1,407,746
                                                                                          10               25,828       30,000
Receivables                                                                               11               17,274       19,151
Inventories                                                                                                   241          237      Net Result                                                                                           –            60,903      60,903
Contract Assets                                                                           17                3,061        6,962
Other Assets                                                                              12                1,447        1,102
                                                                                                                                    Other Comprehensive Income for the year
Total Current Assets                                                                                     131,089      133,578       - Increase/(Decrease) in Asset Revaluation Surplus                               15            72,474                 –       72,474
Non-Current Assets                                                                                                                  Other Comprehensive Income                                                                     72,474                 –       72,474
Receivables *                                                                             11               49,218       49,218
                                                                                                                                    Total Comprehensive Income for the year                                                       72,474          60,903        133,377
Equity Investments                                                                        13              109,480      103,744
Investment Property                                                                       14                3,750        3,750      Balance as at 30 June 2025                                                                   388,581      1,152,542        1,541,123
Intangible Assets                                                                         16                  218          238
Property, Plant and Equipment                                                             15            1,351,309    1,232,917
Right of Use Assets                                                                       18                  855        1,122
Total Non-Current Assets                                                                               1,514,830    1,390,989       Balance as at 1 July 2023                                                                     334,616      1,044,817       1,379,433

Total Assets                                                                                         1,645,919      1,524,567
                                                                                                                                    Net Result                                                                                           –            46,822      46,822




                                                                                                                                                                                                                                                                              Noosa Council Annual Report 24/25
Liabilities
Current Liabilities                                                                                                                 Other Comprehensive Income for the year
Payables                                                                                  19               16,653       24,824      - Increase/(Decrease) in Asset Revaluation Surplus                               15           (18,509)                –      (18,509)
Contract Liabilities                                                                      17               14,685        8,167      Other Comprehensive Income                                                                    (18,509)                –      (18,509)
Borrowings                                                                                20                1,514        1,406
Lease Liabilities                                                                         18                  240          235      Total Comprehensive Income for the year                                                      (18,509)         46,822         28,313
Provisions                                                                                21               13,930       11,727
Other Liabilities                                                                         22                8,873        9,334      Balance as at 30 June 2024                                                                   316,107      1,091,639        1,407,746
Total Current Liabilities                                                                                 55,895       55,693
                                                                                                                                    The above statement should be read in conjunction with the accompanying notes and material accounting policies.
Non-Current Liabilities
Borrowings                                                                                20               22,170       23,449
Lease Liabilities                                                                         18                  670          917
Provisions                                                                                21               23,552       31,559
Other Liabilities                                                                         22                2,509        5,203
Total Non-Current Liabilities                                                                             48,901       61,128

Total Liabilities                                                                                       104,796      116,821
Net Community Assets                                                                                 1,541,123      1,407,746
Community Equity
Asset Revaluation Surplus                                                                                 388,581      316,107
Retained Surplus/(Deficiency)                                                                           1,152,542    1,091,639
Total Community Equity                                                                               1,541,123      1,407,746
The above statement should be read in conjunction with the accompanying notes and material accounting policies.




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