Annual Report 2022-23

      Note 15. Property, Plant and Equipment
      §Subnote§




                                                                                                                                                        Other
                                                     Capital Work in                              Plant and Road and Bridge                    Infrastructure
           $ '000                                          Progress        Land     Buildings    Equipment         Network      Storm Water            Assets        Total


           2023
           Measurement basis                                   Cost    Fair Value   Fair Value         Cost       Fair Value      Fair Value       Fair Value

           Opening gross balance                              51,835     310,291      105,092        14,477         696,494         212,558           96,875     1,487,622
           Additions                                          44,478           –             –            –                 –              –               –        44,478
           Discovered Assets                                       –           –            23           53              187              10             132            405




                                                                                                                                                                              Noosa Council Annual Report 2022 - 2023
           Contributed Assets                                      –           –             –            –                26             19               –             45
           Disposals                                               –           –          (68)        (277)          (8,695)            (62)           (165)        (9,267)
           Write-offs                                        (3,341)           –             –            –                 –              –               –        (3,341)
           Revaluation Adjustments to Equity                       –           –        5,581             –         (29,921)         15,610            5,150        (3,580)
           Work in Progress transfers                       (30,270)           –          259         1,832           26,035          1,726              418              –
           Transfers from/(to) Intangible Assets                   –           –             –            –                 –              –               –              –
           Transfers to / from Other Asset Classes                 –           –             –            –              (65)           166            (101)              –
           Total Gross Value                                62,702      310,291      110,887        16,085         684,061         230,027          102,309     1,516,362

           Opening Accumulated Depreciation                       –            –       34,480         6,794         163,945          54,215           46,011      305,445
           Depreciation Expense                                   –            –        2,257         1,212           10,209          2,410            3,802        19,890
           Depreciation on Disposals                              –            –          (30)        (194)          (3,221)            (21)           (106)       (3,572)
           Revaluation Adjustments to Equity                      –            –        1,946             –         (25,146)          4,124            2,634      (16,442)
           Transfers to / from Other Asset Classes                –            –             –            –              (42)             40               2             –
           Total Accumulated Depreciation                         –            –      38,653         7,812         145,745          60,768           52,343       305,321

           Book Value as at 30 June                         62,702     310,291       72,234         8,273         538,316         169,259            49,966     1,211,041
           Other Information
           Range of Estimated Useful Life (years)                                      0 - 100       1 - 50          0 - 120        10 - 100          2 - 120
           *Asset Additions comprise
           Asset Renewals                                         –            –          848         1,617          22,311             243            6,524        31,543
           Other Additions                                        –          131        5,052            19           5,468             145            2,120        12,935
           Total Asset Additions                                  –          131       5,900         1,636          27,779              388            8,644       44,478




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