2017-05-15 General Committee Agenda

ATTACHMENT 2




  Page 14 of 15

ATTACHMENT 2

Noosa Council
Statement of Financial Position
For the Year Ended 30 June 2017
As at 30 April 2017
                                                                                    Consolidated
                                                                2017                    2017
                                                              Forecast                  YTD                     2016
                                                 Note             $                       $                       $
Current Assets
      Cash and cash equivalents                                    50,163,274              74,402,185              52,586,475
      Trade and other receivables                                   8,315,517               6,491,039               5,946,062
      Inventories                                                     104,025                 154,398                 156,056
      Other current assets                                           668,000                1,085,429               2,628 892
                                                                   59,250,816              82,133,052              61,317,486
      Non Current Assets held for sale                                      -                       -                       -
Total Current Assets                                               59,250,816              82,133,052              61,317,486

Non Current Assets
      Trade and other receivables                                 49,217,517               49,217,517              49,217,517
      Other non current Assets                                              -                       -                       -
      Investments                                                  60,978,225              60,978,225              60,978,225
      Investment property                                           3,831,234               4,150,000               4,150,000
      Property, plant and equipment                              940,511,084             905,253,645             906,665,451
      Intangible assets                                             3,502,623               3,237,299               2,613,761
Total Non Current Assets                                        1,058,040,682           1,022,836,686           1,023,624,954

Total Assets                                                    1,117,291,498           1,104,969,738           1,084,942,440

Current Liabilities
      Trade and other payables                                      4,460,191               7,900,980               7,887,760
      Borrowings                                                    3,079,477               3,693,478               2,932,289
     Provisions                                                     5,090,852               2,521,507               4,328,513
     Other                                                           390,000                 574,637                  537 ,888
Total Current Liabilities                                          13,020,520              14,690,602              15,686,451

Non Current Liabilities
      Trade and other payables                                              -                       -                       -
      Borrowings                                                   34,362,811              31,284,251              35,186,158
     Provisions                                                     8,410,678               9,082,779               9,082,779
Total Non Current Liabilities                                     42,773,489               40,367,030              44,268,938

Total Liabilities                                                  55,794,009              55,057,633              59,955,389

Net Community Assets                                          1,061,497,489           1,049,912,106           1,024,987,051

Community Equity
      Asset Revaluation Surplus                                   47,237,401               24,518,021              24,518,021
      Retained Surplus / (Defeciency)                                       -                       -                       -
      Shire Capital                                             1,014,260,088           1,000,469,031            987,372,510
      Current Year Net Earnings                                             -              24,925,054              13,096,521
Total Community Equity                                        1,061,497,489           1,049,912,106           1,024,987,051

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