Annual Report 2017-18

                                                                                                 Financial Statements 2018



Noosa Shire Council

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

Note 29. Financial Instruments (continued)
                                                                                                        2018             2017
                                                                                        Notes           $'000            $'000


Ageing of past due receivables and the amount of any impairment is disclosed in the following table:

Receivables
Fully Performing                                                                                       1,668            1,942
Past due:
- 31 to 60 days overdue                                                                                  166              109
- 61 to 90 days overdue                                                                                   60               28
- Greater than 90 days overdue                                                                         4,978            4,931
- Loans and Advances to Associates                                                                    49,218           49,218
- Impaired                                                                                                (2)             (15)
Total                                                                                    10          56,088           56,213


Liquidity Risk

Liquidity risk refers to the situation where the Council may encounter difficulty in meeting obligations associated
with financial liabilities that are settled by delivering cash or another financial asset. Noosa Shire Council is
exposed to liquidity risk through its trading in the normal course of business and borrowings from the Queensland
Treasury Corporation for capital works.

Council manages its exposure to liquidity risk by maintaining sufficient cash deposits and undrawn facilities, both
short and long term, to cater for unexpected volatility in cash flows. These facilities are disclosed in Note 16.

The following table sets out the liquidity risk in relation to financial liabilities held by the Council. It represents the
remaining contractual cashflows (principal and interest) of financial liabilities at the end of the reporting period,
excluding the impact of netting agreements:

                                                                                                          Total
                                                                                                    Contractual         Carrying
                                                   0 to 1 year    1 to 5 years    Over 5 years      Cash Flows          Amount
                                                                        $'000            $'000           $'000               $'000

2018
Trade and Other Payables                             9,134               -                -            9,134            9,244
Loans - QTC                                          5,289          21,203           19,178           45,670           36,140
                                                   14,423          21,203           19,178           54,804           45,384

2017
Trade and Other Payables                             9,412               3                -            9,415            9,520
Loans - QTC                                          5,164          20,762           23,456           49,382           38,036
                                                   14,576          20,765           23,456           58,797           47,556
The outflows in the above table are not expected to occur significantly earlier and are not expected to be for
significantly different amounts than indicated in the table.




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