Annual Report 2020-21

Noosa Council
Notes to the Financial Statements
for the year ended 30 June 2021

Note 26. Reconciliation of Net Result for the year to Net Cash Inflows/(Outflows)
           a) Operating Activities
§Note/Subtotal§
§Subnote§




$ '000                                                                                                 2021             2020

Net Operating result from Income Statement                                                           13,920          9,910

Non-Cash Items
Depreciation and Amortisation                                                                        17,431           16,521
Changes in Accounting Policy                                                                              –           (3,869)
                                                                                                     17,431          12,652
Losses/(Gains) recognised on fair value re-measurements through the Income
Statement
Investment Properties                                                                                   100              300
Unwinding of discount rates on reinstatement provisions                                               1,236            3,307
                                                                                                      1,336            3,607
Investing and Development Activities
Net (profit)/loss on Disposal of Assets                                                             4,700               3,851
Non cash Capital Grants and Contributions                                                        (13,177)             (8,400)
Share of Net (Profits)/Losses of Associates                                                       (5,890)             (6,094)
Impairment of Receivables and Bad Debts Written Off                                                    (8)                  1
Interest Expense capitalised in QTC loans                                                           3,458               1,234
                                                                                                 (10,917)            (9,408)
Changes in Operating Assets and Liabilities:
(Increase)/Decrease in Receivables                                                                    (365)            (572)
Increase/(Decrease) in Provision for Doubtful Debts                                                      (6)               12
(Increase)/Decrease in Inventories                                                                       37                17
(Increase)/Decrease in Contract Assets                                                                     –             (27)
(Increase)/Decrease in Other Assets                                                                   1,497            1,396
Increase/(Decrease) in Payables                                                                         554              339
Increase/(Decrease) in Contract Liabilities                                                             118            1,568
Increase/(Decrease) in Employee Leave Entitlements                                                      328              598
Increase/(Decrease) in Other Liabilities                                                              (163)              692
                                                                                                      2,000            4,023

Net Cash provided from/(used in) Operating Activities from the
Statement of Cash Flows                                                                          23,770              20,784

§Note§




           b) Financing Activities

$ '000                                                                  Opening       Non-cash           Cash      Balance at
                                                                        Balance        flows             flows       30 June
 2021
 QTC Debt facility                                                       21,516          3,460           (3,763)      21,213

                                                                         21,516          3,460           (3,763)     21,213
 2020
 QTC Debt facility                                                       24,232          1,234           (3,950)      21,516

                                                                         24,232          1,234           (3,950)     21,516



Note 27. Events after the reporting period
Council is unaware of any material or significant "non adjusting events" that should be disclosed.

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