Annual Report 2022-23(PDF, 12MB)

      Statement of Financial Position                                                                                                    Statement of Changes in Equity
      as at 30 June 2023                                                                                                                 for the year ended 30 June 2023
                                                                                                                                         §Subnote§




      $ '000                                                                                   Notes                2023         2022                                                                                                   Asset
                                                                                                                                                                                                                                   Revaluation        Retained        Total
      Assets                                                                                                                                  $ '000                                                                      Notes       Surplus          Surplus       Equity
      Current Assets
      Cash and Cash Equivalents                                                                  10                76,507      98,501
      Investments                                                                                10                40,000           –         2023
      Receivables                                                                                11                12,223      10,507         Balance as at 1 July                                                                      321,754       1,028,054    1,349,808
      Inventories                                                                                                     198         143
      Contract Assets                                                                            17                   958           –         Net Result                                                                                        –        16,763      16,763
      Other Assets                                                                               12                 2,854       2,898
      Total Current Assets                                                                                      132,740       112,049
                                                                                                                                              Other Comprehensive Income for the year
      Non-Current Assets                                                                                                                      - Increase/(Decrease) in Asset Revaluation Surplus                           15             12,862              –      12,862
      Receivables                                                                                11               49,218        49,343        Other Comprehensive Income                                                                  12,862              –      12,862
      Equity Investments                                                                         13               99,580        96,515
      Investment Property                                                                        14                4,000         3,300        Total Comprehensive Income for the year                                                    12,862         16,763       29,625
      Intangible Assets                                                                          16                  607           392
      Property, Plant and Equipment                                                              15            1,211,041     1,182,177   Balance as at 30 June                                                                         334,616      1,044,817     1,379,433
      Right of Use Assets                                                                        18                   39            64
      Total Non-Current Assets                                                                                1,364,485     1,331,791
                                                                                                                                              2022
      Total Assets                                                                                           1,497,225      1,443,840         Balance as at 1 July                                                                      108,473       1,010,094    1,118,567




                                                                                                                                                                                                                                                                               Noosa Council Annual Report 2022 - 2023
      Liabilities
      Current Liabilities                                                                                                                     Net Result                                                                                        –        17,960      17,960
      Payables                                                                                   19                10,248      15,982
      Contract Liabilities                                                                       17                24,643       3,830         Other Comprehensive Income for the year
      Borrowings                                                                                 20                 1,262       1,186
                                                                                                                                              - Increase/(Decrease) in Asset Revaluation Surplus                           15           213,281               –     213,281
      Lease Liabilities                                                                          18                    23          26
                                                                                                                                              Other Comprehensive Income                                                                213,281               –     213,281
      Provisions                                                                                 21                 8,880       9,758
      Other Liabilities                                                                          22                 8,931       7,804
                                                                                                                                              Total Comprehensive Income for the year                                                  213,281          17,960     231,241
      Total Current Liabilities                                                                                   53,987       38,586
                                                                                                                                              Balance as at 30 June                                                                    321,754       1,028,054    1,349,808
      Non-Current Liabilities
      Borrowings                                                                                 20                23,083      24,114    The above statement should be read in conjunction with the accompanying notes and Significant Accounting Policies.
      Lease Liabilities                                                                          18                    18          40
      Provisions                                                                                 21                32,474      22,466
      Other Liabilities                                                                          22                 8,230       8,826
      Total Non-Current Liabilities                                                                               63,805       55,446

      Total Liabilities                                                                                        117,792        94,032
      Net Community Assets                                                                                   1,379,433      1,349,808
      Community Equity
      Asset Revaluation Surplus                                                                  23              334,616       321,754
      Retained Surplus/(Deficiency)                                                                            1,044,817     1,028,054
      Total Community Equity                                                                                 1,379,433      1,349,808

      The above statement should be read in conjunction with the accompanying notes and Significant Accounting Policies.




226                                                                                                                                                                                                                                                                            227