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Annual Report 2017-18
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Noosa Shire Council
Statement of Changes in Equity
for the year ended 30 June 2018
Asset
Revaluation Retained Total
Surplus Surplus Equity
Notes $'000 $'000 $'000
2018
Opening Balance 26,892 973,692 1,000,584
a. Net Result for the Year - 593 593
b. Other Comprehensive Income
Revaluations: Property, Plant & Equip. Asset Revaluation Surplus 18 14,847 - 14,847
Other Comprehensive Income 14,847 - 14,847
Total Comprehensive Income (c&d) 14,847 593 15,440
Equity Balance as at 30 June 2018 41,739 974,285 1,016,024
Asset
Revaluation Retained Total
Surplus Surplus Equity
Notes $'000 $'000 $'000
2017
Opening Balance 24,517 1,012,107 1,036,625
a. Correction to opening balance - (55,540) (55,540)
Revised Opening Balance (as at 1 July 2016) 24,517 956,568 981,085
b. Net Result for the Year - 17,124 17,124
c. Other Comprehensive Income
Revaluations: Property, Plant & Equip. Asset Revaluation Surplus 18 2,375 - 2,375
Other Comprehensive Income 2,375 - 2,375
Total Comprehensive Income (c&d) 2,375 17,124 19,499
Equity Balance as at 30 June 2017 26,892 973,692 1,000,584
The above statement should be read in conjunction with the accompanying Notes and Significant Accounting Policies. Page 4
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