2017-11-13 General Committee Agenda

Page 62 of 64

Noosa Council                                                                                             ATTACHMENT 1
Statement of Comprehensive Income
For the Year Ended 30 June 2018
As at 31 October 2017
                                                      Current          Current
                                                       Budget           Budget          Actual         Variance           Annual
                                                         2018             YTD              YTD              YTD           Budget
                                                       ($'000)          ($"000)          ($'000)          ($'000)               %

Revenue
    Recurrent Revenue
    Rates, levies and charges                           63,848           31,924           31,915              (9)             50%
    Fees and charges                                     5,080            2,115            2,271              156             45%
    Dividend income                                      1,860              925              925                -             50%
    Interest received                                    4,390            1,256            1,330              74              30%
    Tax equivalents                                      1,200              400             400                 -             33%
    Sale of Goods and major services                     8,312            2,642            2,878             236              35%
    Sale of contract and recoverable works                  16                1               12               11             13%
    Rental & lease income                                1,322              497              524              27              40%
    Other income                                         1,110              469             649               179             58%
    Grants, subsidies, contributions and donations       5,063            1,672            2,174             502              43%
                                                        92,201           41,901           43,078            1,176             47%
Expenses
    Recurrent Expenses
    Employee benefits                                   30,338            8,992            8,935             (57)             29%
    Materials and services                              40,696           12,978           12,875            (103)             32%
    Finance costs                                        2,464              825             819               (5)             33%
    Depreciation and amortisation                       18,577            6,192            6,192                0             33%
    Other expenses                                         112               42               48                7             43%
                                                        92,187           29,029           28,870            (159)             31%

Operating Result                                            15           12,873           14,208            1,335

Capital Revenue
    Capital contributions and donations                  1,867              622             408             (215)             22%
    Grants, subsidies, contributions and donations       4,009              185              342              157              9%
    Other capital revenue                                    -                -                -                -
Total Capital Revenue                                    5,876              807             750              (57)

                                                                                                            Page 62 of 64