Annual Report 2017-18

                                                                                                                                                                                                                                          Financial Statements 2018




          Noosa Shire Council

          Notes to the Financial Statements
          for the year ended 30 June 2018

          Note 12. Property, Plant and Equipment (continued)

          30 June 2018                                                                                   Capital Work in                                        Plant and          Road and Bridge                      Other Infrastructure
                                                                                                                                 Land           Buildings                                               Storm Water                                 Total
                                                                                                           Progress                                             Equipment             Network                                 Assets


                                                                                                              $'000              $'000            $'000           $'000                 $'000              $'000               $'000                 $'000
          Measurement Basis                                                                       Note        Cost             Fair Value       Fair Value        Cost               Fair Value         Fair Value          Fair Value
          Opening Gross Balance - at Cost                                                                        18,059                  -                -          12,084                     -                 -                    -                30,143
          Opening Gross Balance - at Fair Value                                                                       -            130,649           79,645               -              575,715            169,262               87,188            1,042,459
          Opening Gross Balance as at 1 July 2017                                                                18,059            130,649           79,645          12,084              575,715            169,262               87,188            1,072,602
          Additions*                                                                                             26,982                  -                -               -                     -                 -                    -                26,982
          Contributed Assets                                                                                          -              1,640            1,025               -                 1,358               883                    -                  4,906
          Disposals                                                                               5,10                 -                  -                -           (263)                     -                 -                    -                  (263)
           Write-offs                                                                             5,10                 -                  -            (121)               -                 (461)             (245)                (345)                (1,172)
           Revaluation Decrements to P&L                                                           8                   -                  -                -               -              (20,822)                 -                    -              (20,822)
          Revaluation Adjustment to Other Comprehensive Income (Asset Revaluation Surplus)         18                  -             7,135                 -               -                     -            7,606                4,382                19,123
          Work in Progress Capitalisation*                                                                       (5,351)             2,322              303             858                   228               887                  753                      -
          Internal Transfers to / from other Asset Classes                                                            -                  -                -               -                   (83)                -                   83                      -
          Total Gross Value of Property, Plant and Equipment - at Cost as at 30 June 2018                        39,687                  -                -          12,679                     -                 -                    -                52,366
          Total Gross Value of Property, Plant and Equipment - at Fair Value as at 30 June 2018                       -            141,746           80,852               -              555,935            178,393               92,062            1,048,988
          Total Gross Value of Property, Plant and Equipment as at 30 June 2018                                  39,687            141,746           80,852          12,679              555,935            178,393               92,062            1,101,354
          Opening Accumulated Depreciation as at 1 July 2017                                                               -                -        19,252           2,471              104,969              53,751              33,301              213,744
          Depreciation Provided in the Period                                                      8                       -                -         1,417           1,075                7,096               2,146               3,064               14,798
          Depreciation on Disposals                                                               5,10                     -                -              -             (87)                   -                   -                   -                  (87)
          Depreciation on Write-offs                                                              5,10                     -                -            (24)              -                (240)               (130)               (202)                (596)
          Revaluation Decrements to P&L                                                            8                       -                -              -               -               2,614                    -                   -               2,614
          Revaluation Adjustment to Other Comprehensive Income (Asset Revaluation Surplus)         18                      -                -              -               -                    -              2,484               1,792                4,276
          Total Accumulated Depreciation of Property, Plant and Equipment as at 30 June 2018                               -                -        20,645           3,459              114,436              58,251              37,958              234,749
          Consolidated Book Value as at 30 June 2018                                                             39,687            141,746            60,207             9,220            441,499            120,142              54,104               866,605
          Other Information
          Range of Estimated Useful Life (in years)                                                                        -                -         3 - 120             1 - 50                3-120        17 - 100                  2-120
          *Asset Additions Comprise
           Asset Renewals                                                                                                                   -          2,247               772             12,394              2,603                  655               18,671
           Other Additions                                                                                                              2,119          2,172               420              2,542                297                  759                8,309
          Total Asset Additions                                                                                            -            2,119          4,419             1,192             14,936              2,900                1,414               26,980




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                                                                                                                                                                                                                                                                   Financial Statements 2015




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