FINANCIAL PERFORMANCE REPORT – JANUARY 2025 · Attachment 2 Statement of Financial Position - Jan 2025

Attachment 2 - Statement of Financial Position

  Noosa Council
  Statement of Financial Position
  For the Year Ended 30 June 2025
  As at 31 January 2025
                                                 2025 Year End
                                                      Forecast    2025 YTD          2024
                                                        ($'000)      ($'000)      ($'000)
  Current Assets
        Cash and cash equivalents                       91,652      110,904      106,127
        Trade and other receivables                     13,073       51,534       19,151
        Inventories                                        237          253          237
        Contract Assets                                      -        6,961        6,961
        Other current assets                             1,102        4,480        1,102
  Total Current Assets                                 106,064      174,131      133,578

  Non Current Assets
        Trade and other receivables                     49,218       49,218       49,218
        Other non current Assets                             -            -            -
        Investments                                    103,744      103,744      103,744
        Investment property                              3,750        3,750        3,750
        Property, plant and equipment                1,385,006    1,266,063    1,232,917
        Right of Use Assets                              1,122        1,123        1,122
        Intangible assets                                  195          212          238
  Total Non Current Assets                           1,543,034    1,424,109    1,390,989

  Total Assets                                       1,649,099    1,598,240    1,524,567

  Current Liabilities
        Trade and other payables                         9,530       17,670       24,824
        Contract Liabilities                             4,000        8,167        8,167
        Borrowings                                       1,228          898        1,406
        Lease Liablities                                    23          235          235
        Provisions                                       8,103        8,912       11,727
        Other                                            9,546        4,098        9,334
  Total Current Liabilities                             32,430       39,980       55,693

  Non Current Liabilities
        Borrowings                                      22,436       23,449       23,449
        Lease Liabilities                                   17          917          917
        Provisions                                      35,183       31,559       31,559
        Other                                            6,103        5,203        5,203
  Total Non Current Liabilities                         63,739       61,128       61,128

  Total Liabilities                                     96,169      101,107      116,820

  Net Community Assets                              1,552,929     1,497,133    1,407,746

  Community Equity
      Asset Revaluation Surplus                        363,820      316,106      316,106
      Retained Surplus / (Defeciency)                        -            -            -
      Shire Capital                                  1,189,109    1,091,660    1,044,817
      Current Year Net Earnings                              -       89,367       46,822
  Total Community Equity                            1,552,929     1,497,133    1,407,746