Annual Report 2022-23(PDF, 12MB)

      Assets – what we own                                                                                      Liabilities – what we owe
      Current assets are represented by cash, investments,                                                      Money owed by Council is presented as both current and non-current liabilities in the statement of financial
      inventories and receivables (money owed to Council).                                                      position. Current liabilities are those amounts that are payable by Council within the next twelve months,
      Council’s current assets as at 30 June 2023 equated to                                                    and non-current liabilities are payable beyond the twelve month horizon.
      $132.7 million.
                                                                                                                The most significant elements are loans raised by Council to fund investment in community infrastructure
      Non-current assets of $1.3 billion includes property, plant                                               and provisions for future landfill restoration works. Total loans increased as funds were drawn down to fund
      and equipment totalling $1.2 billion, as well as the value                                                infrastructure works relating to the landfill expansion. Council’s annual loan repayment schedule was met.
      of Council’s investment in Unitywater. Property, Plant and
      Equipment represents community infrastructure which
      includes roads, bridges, stormwater, buildings, land
      and other operational assets owned and controlled by
                                                                                                                Statement of Changes in Equity
      Council.
                                                                                                                The Statement of Changes in Equity illustrates how the net worth of Council has changed as a result of
      The main non-current asset categories and their                                                           activities undertaken during the period. Council’s total community equity as at 30 June 2023 is $1.4 billion.
      respective values are shown in the Figure 8.
                                                                                                                Community equity is equal to total assets (what we own) less total liabilities (what we owe) and represents




                                                                                                                                                                                                                                  Noosa Council Annual Report 2022 - 2023
      Figure 8                                                                                                  Council’s net investment in assets.
      Non-Current Assets and Community Infrastructure
      2022/23 ($’000)                                                                                           Figure 9 shows the movement in Community Equity since the De-Amalgamation of Council in 2014.


                                                                   W
                                                                   Work in Progress                             Figure 9
                                                                   $63,244                                      Community Equity movement
                               Parks & Other Infrastructure
                               $49,966


                                                                                      Land & Improvements         $1,600,000
                                                                                      $310,291
                                                                                                                  $1,400,000
         Stormwater & Drainage Network
         $169,259                                                                                                 $1,200,000

                                                                                                                  $1,000,000

                                                                                                                   $800,000

                 Intangible Assets                                                                                 $600,000
                 $65
                                                                                                                   $400,000

                                                                                                                   $200,000

                                                                                              Buildings                  $0
                                                                                              $72,234                          2013/14   2014/15   2015/16   2016/17   2017/1
                                                                                                                                                                         17 8
                                                                                                                                                                         17/1   2018/19   2019/20   2020/21   2021/22   2022/23

                                                                                            Plant & Equipment
                                                                                            $8,273




                                                              Road & Bridge Network
                                                              $538,316



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