FINANCIAL PERFORMANCE REPORT – DEC 2024 · Attachment 2 - Statement of Financial Position - Dec 2024

Attachment 2 - Statement of Financial Position - Dec 2024

Noosa Council
Statement of Financial Position
For the Year Ended 30 June 2025
As at 31 December 2024
                                                2025 Year End
                                                     Forecast    2025 YTD          2024
                                                       ($'000)      ($'000)      ($'000)
Current Assets
      Cash and cash equivalents                        90,162       94,476      106,127
      Trade and other receivables                      13,017       14,727       19,151
      Inventories                                         198          246          237
      Contract Assets                                       -        6,961        6,961
      Other current assets                              2,854        3,608        1,102
Total Current Assets                                  106,231      120,018      133,578

Non Current Assets
      Trade and other receivables                      49,218       49,218       49,218
      Other non current Assets                              -            -            -
      Investments                                      99,580      103,744      103,744
      Investment property                               4,000        3,750        3,750
      Property, plant and equipment                 1,551,112    1,264,765    1,232,917
      Right of Use Assets                                  39        1,123        1,122
      Intangible assets                                   512          216          238
Total Non Current Assets                            1,704,460    1,422,815    1,390,989

Total Assets                                        1,810,692    1,542,833    1,524,567

Current Liabilities
      Trade and other payables                          9,445       12,181       24,824
      Contract Liabilities                              4,000        8,167        8,167
      Borrowings                                        1,339          838        1,406
      Lease Liablities                                     23          235          235
      Provisions                                        8,103        8,802       11,727
      Other                                             8,931        5,556        9,334
Total Current Liabilities                              31,842       35,779       55,693

Non Current Liabilities
      Borrowings                                       28,394       23,449       23,449
      Lease Liabilities                                    17          917          917
      Provisions                                       33,251       31,559       31,559
      Other                                             8,230        5,203        5,203
Total Non Current Liabilities                          69,892       61,128       61,128

Total Liabilities                                     101,734       96,906      116,820

Net Community Assets                               1,708,957     1,445,927    1,407,746

Community Equity
    Asset Revaluation Surplus                         410,608      316,106      316,106
    Retained Surplus / (Defeciency)                         -            -            -
    Shire Capital                                   1,298,349    1,091,641    1,044,817
    Current Year Net Earnings                               -       38,179       46,822
Total Community Equity                             1,708,957     1,445,927    1,407,746