Annual Report 2017-18

                                                                                                Financial Statements 2018



Noosa Shire Council

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

Note 13. Fair Value Measurements (continued)


(1) The following table presents all assets and liabilities that have been measured and recognised at
    fair values:
                                                                              Fair Value
                                                                         Measurement using:
                                                                     Level 1       Level 2         Level 3              Total
                                                        Date           Quoted     Significant     Significant
                                                       of latest      prices in   observable    unobservable
                                                      valuation    active mkts        inputs          inputs
2018                                                                    $'000         $'000           $'000                 $'000
Property, Plant and Equipment
- Land                                                 31/03/18             -        4,085        137,661            141,746
- Buildings                                            30/06/15             -            -         60,207             60,207
- Road and Bridge Network                              31/03/18             -            -        441,499            441,499
- Storm Water                                          30/06/15             -            -        120,142            120,142
- Other Infrastructure Assets                          30/06/16             -            -         54,104             54,104
- Investment Property                                  30/06/18                      4,167              -              4,167
Total Property, Plant and Equipment                                         -        8,252        813,613            821,865

                                                      valuation    active mkts        inputs          inputs
2017                                                                    $'000         $'000           $'000                 $'000
Property, Plant and Equipment
- Land                                                 30/06/14             -      68,769          61,340            130,109
- Buildings                                            30/06/15             -           -          60,393             60,393
- Road and Bridge Network                              30/06/14             -           -         470,745            470,745
- Storm Water                                          30/06/15             -           -         115,511            115,511
- Other Infrastructure Assets                          30/06/16             -           -          53,887             53,887
- Investment Property                                  30/06/17                     4,405               -              4,405
Total Property, Plant and Equipment                                         -      73,174         761,876            835,050



(2) Transfers between Level 1 and Level 2 Fair Value Hierarchies

During the year, there were no transfers between Level 2 and Level 3 Fair Value hierarchies for recurring fair
value measurements.

Council's policy for determining transfers between Fair Value hierarchies is at the end of the reporting period.




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