Meeting papers

ATTACHMENT TWO - STATEMENT OF FINANCIAL POSITION

Noosa Council
Statement of Financial Position
For the Year Ended 30 June 2024
As at 30 November 2023
                                         2024 Year End
                                              Forecast    2024 YTD          2023
                                                ($'000)      ($'000)      ($'000)
Current Assets
     Cash and cash equivalents                  85,677      116,868      116,506
     Trade and other receivables                12,219        9,839       10,728
     Inventories                                   144          211          198
     Contract Assets                                 -          958          958
     Other current assets                        2,898        5,526        4,377
                                               100,938      133,402      132,767
      Non Current Assets held for sale               -            -            -
Total Current Assets                           100,938      133,402      132,767

Non Current Assets
      Trade and other receivables               49,343       49,218       49,218
      Other non current Assets                       -            -            -
      Investments                               96,515       96,515       96,515
      Investment property                        3,300        4,000        4,000
      Property, plant and equipment          1,279,024    1,227,925    1,211,039
      Right of Use Assets                           64           39           39
      Intangible assets                            613          700          608
Total Non Current Assets                     1,428,859    1,378,396    1,361,418

Total Assets                                 1,529,799    1,511,799    1,494,185

Current Liabilities
      Trade and other payables                   9,036       12,102       10,539
      Contract Liabilities                       3,830       24,643       24,643
      Borrowings                                 1,365          690        1,262
      Lease Liablities                              26           23           23
      Provisions                                 8,103        6,489        8,601
      Other                                      2,804        5,728        8,945
Total Current Liabilities                       25,165       49,675       54,014

Non Current Liabilities
      Borrowings                                30,924       23,083       23,083
      Lease Liabilities                             40           17           17
      Provisions                                24,121       31,860       32,474
      Other                                      8,826        8,230        8,230
Total Non Current Liabilities                   63,911       63,191       63,805

Total Liabilities                               89,076      112,866      117,818

Net Community Assets                        1,440,722     1,398,933    1,376,367

Community Equity
    Asset Revaluation Surplus                  366,639      334,616      334,616
    Retained Surplus / (Defeciency)                  -            -            -
    Shire Capital                            1,074,082    1,028,053    1,023,262
    Current Year Net Earnings                        -       36,264       18,489
Total Community Equity                      1,440,722     1,398,933    1,376,366




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