2017-11-13 General Committee Agenda

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Noosa Council                                                                                      ATTACHMENT 2
Statement of Financial Position
For the Year Ended 30 June 2018
As at 31 October 2017
                                                                    Current                 Actual                  Actual
                                                                    Budget                    YTD                Full Year
                                                                       2018                   2018                   2017
                                                                     ($'000)                ($000)                 ($000)
Current Assets
     Cash and cash equivalents                                       48,418                 74,191                  65,463
     Trade and other receivables                                      8,381                   7,363                  7,101
      Inventories                                                       156                    335                     330
     Other current assets                                               468                   2,660                  2,796
                                                                     57,424                 84,550                  75,690
      Non Current Assets held for sale                                     -                      -                       -
Total Current Assets                                                 57,424                 84,550                  75,690

Non Current Assets
     Trade and other receivables                                     49,218                 49,218                  49,218
     Other non current Assets                                              -                      -                       -
      Investments                                                    69,141                 60,978                  60,978
      Investment property                                             4,150                   4,405                  4,405
      Property, plant and equipment                                 935,214                918,910                 913,152
      Intangible assets                                               3,837                   4,009                  3,497
Total Non Current Assets                                           1,061,560              1,037,519              1,031,249

Total Assets                                                       1,118,984              1,122,069              1,106,939

Current Liabilities
     Trade and other payables                                         4,501                  15,408                 11,819
      Borrowings                                                      3,040                   1,904                  3,745
     Provisions                                                       4,394                   2,291                  4,076
     Other                                                              548                    802                     645
Total Current Liabilities                                            12,483                 20,406                  20,285

Non Current Liabilities
     Trade and other payables                                              -                      -                       -
      Borrowings                                                     35,005                 34,291                  34,291
     Provisions                                                       9,305                   9,879                  9,843
Total Non Current Liabilities                                       44,310                  44,169                  44,133
Total Liabilities                                                    56,793                 64,575                  64,418
Net Community Assets                                              1,062,191              1,057,494              1,042,521

Community Equity
     Asset Revaluation Surplus                                       46 961                 26,892                  26,892
      Retained Surplus / (Defeciency)                                      -                      -                       -
     Shire Capital                                                 1,015,230              1,015,629              1,000,677
     Current Year Net Earnings                                             -                 14,973                 14,951
Total Community Equity                                            1,062,191              1,057,494              1,042,521

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