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Annual Report 2020-21

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Noosa Council
Statement of Comprehensive Income
for the year ended 30 June 2021
§Statement§




$ '000                                                                                  Notes                 2021        2020

Income
Revenue
Recurrent Revenue
Rates, Levies and Charges                                                                 3a                69,168      69,237
Fees and Charges                                                                          3b                 7,504       6,444
Sales Revenue                                                                             3c                11,557       8,486
Grants, Subsidies, Contributions and Donations                                            3d(i)              6,107       5,446
Total Recurrent Revenue                                                                                    94,336      89,613
Capital Revenue
Grants, Subsidies, Contributions and Donations                                            3d(ii)            13,177       8,400
Total Capital Revenue                                                                                      13,177        8,400
Other Income
Rental Income                                                                             17                 1,365       1,003
Interest and Investment Revenue                                                           4a                 3,021       3,937
Equity share of profit (loss) in Associate through Participation Rights                   12                 5,890       6,094
Other Income                                                                              4b                 2,952       2,691
Total Other income                                                                                         13,228      13,725

Total Income                                                                                             120,741      111,738

Expenses
Recurrent Expenses
Employee Benefits                                                                         5                 35,692      33,624
Materials and Services                                                                    6                 44,071      42,844
Finance Costs                                                                             7                  4,827       4,688
Depreciation and Amortisation:
- Property, Plant and Equipment                                                           14                16,978      16,063
- Intangible Assets                                                                       15                   404         404
- Right of Use Assets                                                                     17                    49          54
Total Recurrent Expenses                                                                                 102,021       97,677
Other Expenses
Capital Expenses                                                                          8                  4,800       4,151
Total Other Expenses                                                                                        4,800        4,151

Total Expenses                                                                                           106,821      101,828

Net Result                                                                                               13,920        9,910

Other Comprehensive Income
Items that will not be reclassified to Net Result
Increase/(Decrease) in Asset Revaluation Surplus                                          22                21,949      35,715
Total Other Comprehensive Income for the year                                                              21,949      35,715

Total Comprehensive Income for the year                                                                   35,869       45,625
The above statement should be read in conjunction with the accompanying notes and Significant Accounting Policies.




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