Annual Report 2017-18

                                                                             Financial Statements 2018



Noosa Shire Council

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

Note 23. Equity Investments (continued)
                                                                                  2018             2017
                                                                                  $'000            $'000


(d) Summarised financial information for associate is set out below

Summarised Statement of Financial Position - Councils Share                         Unitywater
                                                       2018           2017


Assets                                                                        160,562          153,831
Total Assets                                              -              -    160,562          153,831


Liabilities                                                                    79,003            77,316
Total Liabilities                                         -              -     79,003            77,316
Net Assets                                                -              -     81,559            76,515

Reconciliation of the Carrying Amount of Participation Rights
Opening Net Assets (1 July)                                -                   73,332            69,141
Profit/(Loss) for the period                                                    5,075             5,759
Dividends Payable                                                                 (30)           (1,568)
Closing Participation Rights                               -             -     78,377            73,332
Council's share in %                                                            4.25%             4.25%
Council's share in $                                                           81,559            76,515

Summarised Statement of Comprehensive Income - Councils Share                       Unitywater
                                                                                  2018              2017
                                                       2018           2017       $'000              $'000
Income                                                                         29,591             28,455
Income Tax Expense                                                             (3,682)            (1,905)
Total Expenses                                                                (20,834)           (20,791)
Profit/(Loss) for Period                                  -              -      5,075              5,759
Total Comprehensive Income                                -              -       5,075            5,759
Dividends received by Council                                                       30            1,567




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