Annual Report 2022-23(PDF, 12MB)

      Financial Statements                                                                                           Statement of Comprehensive Income
                                                                                                                     for the year ended 30 June 2023


      2022 – 2023                                                                                                    $ '000

                                                                                                                     Income
                                                                                                                                                                                                              Notes                2023       2022


                                                                                                                     Revenue
      General Purpose Financial Statements for the year ended 30 June 2023                                           Recurrent Revenue
                                                                                                                     Rates, Levies and Charges                                                                  3a                83,271     74,580
                                                                                                                     Fees and Charges                                                                           3b                 8,221      8,979

      Financial Statements Contents                                                                                  Sales Revenue
                                                                                                                     Grants, Subsidies, Contributions and Donations
                                                                                                                                                                                                                3c
                                                                                                                                                                                                                3d
                                                                                                                                                                                                                                  13,972
                                                                                                                                                                                                                                   7,469
                                                                                                                                                                                                                                             12,970
                                                                                                                                                                                                                                              9,038
                                                                                                                     Total Recurrent Revenue                                                                                   112,933     105,567
                                                                                                                     Capital Revenue
      Primary Financial Statements                          Other Liabilities                                  269
                                                                                                                     Grants, Subsidies, Contributions and Donations                                             3d                20,853     15,355
      Statement of Comprehensive Income              225    Asset Revaluation Surplus                          270   Total Capital Revenue                                                                                       20,853     15,355
      Statement of Financial Position                226    Capital Commitments                                270   Other Income
                                                                                                                     Rental Income                                                                                                 1,749      1,810
      Statement of Changes in Equity                 227    Contingent Liabilities                             270   Interest and Investment Revenue                                                            4a                 6,406      2,813
                                                                                                                     Equity share of profit (loss) in Associate through Participation Rights                    13                 5,846      6,508
      Statement of Cash Flows                        228    Superannuation                                     271
                                                                                                                     Other Income                                                                               4b                 2,641      2,923
                                                            Reconciliation of net result for the year to net         Capital Income                                                                             5                    765        400
                                                                                                                     Total Other Income                                                                                          17,407     14,454
      Notes to the Financial Statements                     cash inflow/(outflow) from Operating Activities    272




                                                                                                                                                                                                                                                      Noosa Council Annual Report 2022 - 2023
                                                                                                                     Total Income                                                                                              151,193     135,376
      Information about these Financial Statements   229    Events after the reporting period                  272
                                                                                                                     Expenses
      Analysis of Results by Function                231    Financial instruments and financial risk                 Recurrent Expenses
      Revenue                                        234    management                                         273   Employee Benefits                                                                          6                 41,029     37,652
                                                                                                                     Materials and Services                                                                     7                 54,798     50,491
      Interest and Other Income                      237    National Competition Policy                        276   Finance Costs                                                                              8                  9,665      8,699
                                                                                                                     Depreciation and Amortisation:
      Capital Income                                 238    Trust Funds                                        276   - Property, Plant and Equipment                                                            15                19,890     17,854
                                                                                                                     - Intangible Assets                                                                        16                    48         50
      Employee Benefits                              238    Transactions with Related Parties                  277
                                                                                                                     - Right of Use Assets                                                                      18                    26         25
      Materials and Services                         238                                                             Total Recurrent Expenses                                                                                  125,456     114,771
      Finance Costs                                  239    Management Certificate                             279   Other Expenses
                                                                                                                     Capital Expenses                                                                           9                  8,974      2,645
      Capital Expenses                               239                                                             Total Other Expenses                                                                                         8,974      2,645
      Cash, Cash Equivalents and Investments         239    Independent Auditor's Report                       280
                                                                                                                     Total Expenses                                                                                            134,430     117,416
      Receivables                                    240
                                                                                                                     Net Result                                                                                                 16,763      17,960
      Other Assets                                   243    Current Year Financial Sustainability
      Equity Investments                             243    Statement                                          283   Other Comprehensive Income
      Investment Property                                                                                      284   Items that will not be reclassified to Net Result
                                                     245    Certificate of Accuracy
                                                                                                                     Increase/(Decrease) in Asset Revaluation Surplus                                         15,23               12,862    213,281
      Property, Plant and Equipment                  246    Independent Auditor's Report - Current Year              Total Other Comprehensive Income for the year                                                               12,862    213,281
      Intangible Assets                              262    Financial Sustainability Statement                 285   Total Comprehensive Income for the year                                                                    29,625     231,241
      Contract Balances                              262
                                                                                                                     The above statement should be read in conjunction with the accompanying notes and Significant Accounting Policies.
      Leases                                         263    Unaudited Long Term Financial
      Payables                                       266    Sustainability Sta tement                          288
      Borrowings                                     267    Certificate of Accuracy - Long Term Financial
      Provisions                                     268    Sustainability Statement                           292

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