Annual Report 2022-23

      Unaudited Long Term Financial Sustainability Statement
                                                                                       Target      Actual                                                        Forecast
                                                                                                    2023        2024        2025        2026        2027       2028    2029         2030       2031        2032       2033

      Measures of Financial Sustainability
      1. Operating Surplus Ratio
      Net Result (excluding Capital items) 1
                                                                                      0% - 10%     3.18%      (0.60)%      0.00%       0.00%       0.00%       0.00%       0.00%    0.00%      0.00%      0.00%       0.00%
      Total Operating Revenue (excluding Capital items) 2

      An indicator of which the extent to which revenues raised cover operational expenses only or are available for capital funding purposes or other purposes.



      2. Asset Sustainability Ratio




                                                                                                                                                                                                                               Noosa Council Annual Report 2022 - 2023
      Capital expenditure on the Replacement of Assets (renewals)
      3                                                                               > 90.00% 158.59% 150.50% 171.10%                115.30%    116.10% 117.20%         102.70%    96.50%   107.60%     101.60%     99.70%
      Depreciation Expense

      An approximation of the extent to which the infrastructure assets managed are being replaced as these reach the end of their useful lives.



      3. Net Financial Liabilities Ratio
      Total Liabilities less Current Assets
                                                                                      < 60.00% (11.54)% (9.00)%            3.70%       5.10%       6.70%       7.80%       7.60%    4.90%      3.80%      2.30%       0.20%
      Total Operating Revenue (excluding Capital items) 2

      An indicator of the extent to which the net financial liabilities can be serviced by its operating revenue.


      (1) Includes only Recurrent Revenue and Recurrent Expenditure disclosed in the Income Statement. Includes share of profit from associates and joint ventures. Excludes Capital Revenue Grants, Contributions,
          Donations and Subsidies received for capital acquisitions, Capital Income items such as Profit from the Sale of Property, Plant and Equipment, Financial Assets, Real Estate and Investment Properties (refer
          to Note 5 of the Financial Management (Sustainability) Guideline 2013 for exclusions), and any Capital Expenditure such as Write-Off of Assets, movements in Provisions for Restoration and Rehabilitation
          and Revaluation Decrements that hit the Statement of Comprehensive Income

      (2) Includes only Recurrent Revenue and Other Income disclosed in the Income Statement, excluding Capital Revenue Grants, Contributions, Donations and Subsidies received for capital acquisitions. Also
          excludes any Capital Income items such as Profit from the Sale of: Property, Plant and Equipment, Financial Assets, Real Estate and Investment Properties (refer to Note 5 of the Financial Management
          (Sustainability) Guideline 2013 for exclusions).

      (3) Infrastructure Assets refer to Council's significant long-life assets that provide ratepayers with access to social and economic facilities and services. It excludes land, and equipment, motor vehicles heritage
          collections and artwork. Renewals is defined as expenditure on existing infrastructure to return the infrastructure to their original service potential or useful life.




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