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Annual Report 2020-21
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Noosa Council
Statement of Changes in Equity
for the year ended 30 June 2021
§Note/Subtotal§
§Subnote§
Asset
Revaluation Retained Total
$ '000 Notes Surplus Surplus equity
2021
Balance as at 1 July 86,524 998,584 1,085,108
Correction of prior period errors – 928 928
Restated Balance as at 1 July 86,524 999,512 1,086,036
Net Result – 13,920 13,920
Other Comprehensive Income for the year
- Increase/(Decrease) in Asset Revaluation Surplus 14 21,949 – 21,949
Other Comprehensive Income 21,949 – 21,949
Total Comprehensive Income for the year 21,949 13,920 35,869
Balance as at 30 June 108,473 1,013,432 1,121,905
2020
Balance as at 1 July 50,809 991,767 1,042,576
Correction of prior period errors – (593) (593)
Adjustment on initial application of AASB 15 / AASB 1058 (2,500) (2,500)
Restated Balance as at 1 July 50,809 988,674 1,039,483
Net Result – 9,910 9,910
Other Comprehensive Income for the year
- Increase/(Decrease) in Asset Revaluation Surplus 14 35,715 – 35,715
Other Comprehensive Income 35,715 – 35,715
Total Comprehensive Income for the year 35,715 9,910 45,625
Balance as at 30 June 86,524 998,584 1,085,108
The above statement should be read in conjunction with the accompanying notes and Significant Accounting Policies.
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