Annual Report 2017-18

Assets - what we own
Current assets are represented by cash,                                            Work in
investments, inventories and receivables (money                                   Progress
                                                                                   $42,822
owed to Council). Council’s current assets as at 30                        Parks &
                                                                                                 Land &
                                                                            Other
June 2018 equated to $75.5 million.                                    Infrastructure
                                                                                              Improvements
                                                                                                $141,746
                                                                          $54,104
Non-current assets of over $1 billion, includes                  Stormwater &
property, plant and equipment totalling $867                       Drainage                          Buildings $60,207
                                                                   $120,142
million, as well as the value of Council’s investment                                                Plant & Equipment
                                                               Intangible Assets
in Unitywater. Property, Plant and Equipment                        $1,913
                                                                                                           $9,220

represents community infrastructure which includes
roads, bridges, stormwater, buildings, land and
                                                                                   Roads & Bridges
other operational assets owned and controlled by                                      $441,499
Council. The main non-current asset categories and
their respective values are shown in Figure 8.


                                                                    Figure 8 - Non-Current Assets and
                                                               Community Infrastructure 2017/18 ($’000)




Liabilities – what we owe                               Statement of changes in
Money owed by Council is presented as both
                                                        equity
current and non-current liabilities in the statement    The statement of changes in equity illustrates how
of financial position. Current liabilities are those     the net worth of Council has changed as a result of
amounts that are payable by Council within the          activities undertaken during the period. Council’s
next twelve months, and non-current liabilities are     total community equity as at 30 June 2018 is $1.0
payable beyond the twelve month horizon.                billion. Community equity is equal to total assets
                                                        (what we own) less total liabilities (what we owe)
The most significant element is loans raised by
                                                        and represents Council’s net investment in assets.
Council to fund the investment in community
infrastructure. During 2017/18, Council’s total loan
borrowings decreased slightly due to repayments
for the year being greater than the value of new
borrowings.




Page 36 | 2017-2018 Annual Report