Noosa Council Annual Report 24/25

      Noosa Council
      Notes to the Financial Statements
      for the year ended 30 June 2025

      Note 15. Property, Plant and Equipment
      §Note/Subtotal§
      §Subnote§




                                                                                                                                                                                        Other
                                                                    Capital Work in                                            Plant and Road and Bridge                       Infrastructure
      $ '000                                                              Progress             Land          Buildings        Equipment         Network        Storm Water            Assets          Total


      2025
      Measurement basis                                                        Cost        Fair Value        Fair Value                 Cost     Fair Value      Fair Value        Fair Value

      Opening Gross Balance                                                  96,119          311,941           115,518            17,371           694,317         226,339           110,200      1,571,805
      Additions                                                              76,929                –                  –                 –                 –              –                  –        76,929
      Contributed Assets                                                           –               –                  –                 –               999            760                 22          1,781
      Disposals                                                                    –               –            (1,551)           (1,702)           (2,983)          (308)            (1,878)        (8,422)
      Write-offs                                                            (6,813)                –                  –                 –                 –              –                  –        (6,813)
      Revaluation Adjustments to Equity                                            –          29,481              4,335                86           46,874               4              8,292        89,072
      Work in Progress transfers                                           (55,922)            2,027              9,062             1,416           25,399           5,651            12,367               –
      Adjustments and other transfers                                              –               –                  –                 –                 3              –                  –              3




160
      Transfers from/(to) Intangible Assets                                        –               –                  –                 –                 –              –                  –              –
      Transfers (to) / from Other Asset Classes                                  (1)               –              1,342             (709)                41              –              (673)              –
      Total Gross Value                                                   110,312           343,449           128,706             16,462          764,650         232,446           128,330      1,724,355

      Opening Accumulated Depreciation                                            –                –            40,445              8,518          156,052          77,806            56,067        338,888
      Depreciation expense                                                        –                –              2,751             1,156           11,730           2,667              3,660        21,964
      Depreciation on Disposals                                                   –                –            (1,221)           (1,120)           (1,272)            (97)           (1,252)        (4,962)
      Revaluation Adjustments to Equity                                           –                –              1,680                 7           10,861                –             4,050        16,598
      Adjustments and other transfers                                             –                –                558                 –                 –               –                 –            558
      Transfers from / (to) Other Asset Classes                                   –                –                671             (300)                 6               –             (377)              –
      Total Accumulated Depreciation                                              –                –           44,884              8,261          177,377          80,376            62,148        373,046

      Book Value as at 30 June                                           110,312           343,449            83,822               8,201         587,273         152,070            66,182       1,351,309
      Other Information
      Range of estimated useful life (years)                                                                    0 - 100             1 - 50          0 - 120        10 - 100           2 - 120
      *Asset Additions comprise
      Asset Renewals                                                              –                –             1,836              2,653           59,793             788             2,973         68,043
      Other Additions                                                             –               48             2,571                575              675             395             4,622          8,886
      Total Asset Additions                                                       –               48            4,407              3,228           60,468           1,183             7,595         76,929




      continued on next page ...                                                                                                                                                                 Page 22 of 62




                        Noosa Council
                        Notes to the Financial Statements
                        for the year ended 30 June 2025

                        Note 15. Property, Plant and Equipment (continued)
                        §Note/Subtotal§




                                                                                                                                                                                         Other
                                                                     Capital Work in                                            Plant and Road and Bridge                       Infrastructure
                        $ '000                                             Progress              Land         Buildings        Equipment         Network        Storm Water            Assets           Total

                        2024
                        Measurement basis                                       Cost        Fair Value        Fair Value                 Cost     Fair Value      Fair Value        Fair Value
                        Fair value category

                        Opening Gross Balance                                 62,702          310,291           110,887             16,085          684,061         230,027           102,309      1,516,362
                        Additions                                             80,590                –                  –                 –                 –               –                –          80,590
                        Contributed Assets                                         –                –                  –                 –               969             767               31           1,767
                        Disposals                                                  –                –            (1,389)             (700)           (4,142)           (737)            (666)         (7,634)
                        Write-offs                                          (15,971)                –                  –                 –                 –               –                –        (15,971)
                        Revaluation Adjustments to Equity                          –                –                  –                 –               328         (3,965)                –         (3,637)
                        Work in Progress transfers                          (31,530)            1,650              6,020             1,986           12,495            1,954            7,425               –
                        Transfers from/(to) Intangible Assets                    328                –                  –                 –                 –               –                –             328
161




                        Transfers (to) / from Other Asset Classes                  –                –                  –                 –               606         (1,707)            1,101               –
                        Total Gross Value                                    96,119          311,941           115,518             17,371          694,317         226,339           110,200      1,571,805

                        Opening Accumulated Depreciation                               –                –        38,653                 7,812       145,745          60,768            52,343        305,321
                        Depreciation expense                                           –                –         2,491                 1,199        11,363           2,618             4,289         21,960
                        Depreciation on Disposals                                      –                –         (699)                 (493)        (1,418)          (111)             (544)         (3,265)
                        Revaluation Adjustments to Equity                              –                –             –                     –              –         14,872                  –        14,872
                        Transfers from / (to) Other Asset Classes                      –                –             –                     –            362          (341)               (21)              –
                        Total Accumulated Depreciation                             –                –           40,445                  8,518      156,052          77,806            56,067        338,888

                        Book Value as at 30 June                            96,119          311,941             75,073              8,853         538,265         148,533             54,133      1,232,917
                        Other Information
                        Range of estimated useful life (years)                                                   0 - 100                1 - 50       0 - 120        10 - 100           2 - 120
                        *Asset Additions comprise
                        Asset Renewals                                                 –            –             1,239                 1,534        59,071             695             4,457         66,996
                        Other Additions                                                –        3,578             3,385                   843         1,432               –             4,356         13,594
                        Total Asset Additions                                      –            3,578             4,624                 2,377       60,503              695             8,813        80,590




                        continued on next page ...                                                                                                                                                Page 23 of 62

                                                                                                    Noosa Council Annual Report 24/25