Annual Report 2020-21

Noosa Council
Statement of Financial Position
as at 30 June 2021
§Statement§




$ '000                                                                                  Notes                 2021          2020

Assets
Current Assets
Cash and Cash Equivalents                                                                 9                 70,028        57,024
Receivables                                                                               10                 9,485         8,883
Inventories                                                                                                    143           181
Contract Assets                                                                           16                   487            27
Other Assets                                                                              11                 2,938         2,885
Total Current Assets                                                                                       83,081        69,000
Non-current Assets
Receivables                                                                               10               49,468         49,593
Equity Investments                                                                                         92,433         88,040
Investment Property                                                                       13                2,900          3,000
Intangible Assets                                                                         15                3,036          3,211
Property, Plant and Equipment                                                             14              952,580        929,090
Right of Use Assets                                                                       17                   89            161
Total Non-Current Assets                                                                               1,100,506      1,073,095

Total Assets                                                                                          1,183,587      1,142,095
Liabilities
Current Liabilities
Payables                                                                                  18                 7,344         7,692
Contract Liabilities                                                                      16                 4,377         1,568
Borrowings                                                                                19                   955         3,023
Lease Liabilities                                                                         17                    25            54
Provisions                                                                                20                 8,103         7,582
Other Liabilities                                                                         21                 3,999         3,158
Total Current Liabilities                                                                                  24,803        23,077
Non-Current Liabilities
Borrowings                                                                                19                20,258        18,493
Lease liabilities                                                                         17                    66           110
Provisions                                                                                20                16,555        15,307
Total Non-Current Liabilities                                                                              36,879        33,910

Total Liabilities                                                                                         61,682         56,987

Net Community Assets                                                                                1,121,905        1,085,108
Community Equity
Asset Revaluation Surplus                                                                                 108,473         86,524
Retained Surplus/(Deficiency)                                                                           1,013,432        998,584
Total Community Equity                                                                              1,121,905        1,085,108
The above statement should be read in conjunction with the accompanying notes and Significant Accounting Policies.




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