Annual Report 2022-23

      Note 15. Property, Plant and Equipment (continued)
      §TTootal§




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

              2022
              Measurement basis                                   Cost    Fair Value   Fair Value         Cost       Fair Value     Fair Value       Fair Value

              Opening gross balance                             26,458      176,062       90,276        14,217         629,097        190,940           84,800     1,211,850
              Additions                                         36,315            –            –             –               –              –                –        36,315
              Discovered Assets                                       –           2            –             –              93            129               16            240
              Contributed Assets                                      –           –            –             –             166            519               14            699




                                                                                                                                                                                Noosa Council Annual Report 2022 - 2023
              Disposals                                               –       (635)        (346)         (930)           (940)          (349)            (215)        (3,415)
              Write-offs                                        (1,229)           –            –             –               –              –                –        (1,229)
              Revaluation Adjustments to Equity                       –     134,773       14,102             –          63,892         19,495           10,743       243,005
              Work in Progress transfers                        (9,866)          89        1,060         1,787           3,647          1,824            1,459              –
              Transfers from/(to) Intangible Assets                 157           –            –             –               –              –                –            157
              Transfers to / from Other Asset Classes                 –           –            –         (597)             539              –               58              –
              Total Gross Value                                51,835      310,291      105,092        14,477         696,494        212,558           96,875     1,487,622

              Opening Accumulated Depreciation                       –            –       28,033         6,318         140,198         47,169           37,552       259,270
              Depreciation Expense                                   –            –        1,936         1,193           9,132          2,174            3,419        17,854
              Depreciation on Disposals                              –            –        (115)         (567)           (476)          (101)            (144)        (1,403)
              Revaluation Adjustments to Equity                      –            –        4,626             –          15,040          4,973            5,085        29,724
              Transfers to / from Other Asset Classes                –            –            –         (150)              51              –               99              –
              Total Accumulated Depreciation                         –            –      34,480         6,794         163,945         54,215           46,011       305,445

              Book Value as at 30 June                         51,835     310,291       70,612         7,683         532,549        158,343            50,864     1,182,177
              Other Information
              Range of Estimated Useful Life (years)                                      0 - 100       1 - 50          0 - 120       10 - 100          2 - 120
              *Asset Additions comprise
              Asset Renewals                                         –            –          554         1,666          14,797            947            3,663        21,627
              Other Additions                                        –            –        3,380            20           5,807            350            5,131        14,688
              Total Asset Additions                                  –            –       3,934         1,686          20,604          1,297             8,794       36,315




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