Annual Report 2017-18

                                                                                           Financial Statements 2018



Noosa Shire Council

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

Note 24. Trust Funds
                                                                                                 2018              2017
                                                                                   Notes         $'000             $'000


Trust funds held for outside parties

Monies collected or held on behalf of other entities yet to be paid out to or on
behalf of those entities                                                                         3,387            3,372
                                                                                                3,387            3,372

Noosa Shire Council performs only a custodial role in respect of these monies. As
these funds cannot be used for Council purposes, they are not brought to account
in these financial statements.


Note 25. Reconciliation of Net Result for the year to Net
         Cash Inflow/(Outflow) from Operating Activities
                                                                                                  2018             2017
Net operating result from Income Statement                                                        593           17,124
Non-cash items
Depreciation and amortisation                                                       8          15,120            17,671
Non cash capital contributions                                                                 (4,906)           (3,217)
Impairment of receivables and bad debts written off                                                13                17
Interest expense capitalised in QTC loans                                                       2,104             2,188
                                                                                              12,331            16,659

Losses/(Gains) recognised on fair value re-measurements through the P&L
Investment properties                                                                              238             (255)
Unwinding of Discount Rates on Reinstatement Provisions                                             94            2,065
                                                                                                  332            1,810

Investing and development activities
Loss on write-off and disposal of assets                                                       24,036             1,563
Capital grants and contributions                                                    4          (6,369)           (6,313)
Share of net (profits)/losses of Associates                                                    (5,075)           (5,759)
                                                                                              12,592           (10,509)

Changes in operating assets and liabilities:
(Increase)/Decrease in receivables                                                              (1,194)          (1,327)
(Increase)/Decrease in inventories                                                                 105             (174)
Increase/(Decrease) in other assets                                                                 30            1,568
Increase/(Decrease) in payables and accruals                                                      (289)           3,525
Increase/(Decrease) in other liabilities                                                           203              511
Increase/(Decrease) in employee leave entitlements                                                 372             (104)
Increase/(Decrease) in other provisions                                                            (13)             (17)
                                                                                                 (786)           3,982
Net cash inflow from Operating Activities                                                     25,062            29,066



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