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Annual Report 2020-21
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Noosa Council
Notes to the Financial Statements
for the year ended 30 June 2021
Note 12. Equity Investments (continued)
§Note/Subtotal§
§Total§
(c) Relevant Interests and Fair Values
Participation Portion
2021 2020
Unitywater 4.25% 4.25%
§Total§
(d) Summarised Financial Information for Associates
Unitywater
$ '000 2021 2020
Assets 178,217 172,223
Total Assets 178,217 172,223
Liabilities 82,152 80,584
Total Liabilities 82,152 80,584
Net Assets 96,065 91,639
Reconciliation of the Carrying Amount
Opening Net Assets (1 July) 88,040 83,342
Profit/(Loss) for the period 5,890 6,094
Dividends Payable (1,495) (1,396)
Closing Participation Rights 92,435 88,040
Council's share in % 4.25% 4.25%
Council's share in $ 96,065 91,639
Summarised Statement of Comprehensive Income
Income 30,763 31,027
Income Tax Expense (2,522) (2,607)
Other Expenses (22,351) (22,326)
Profit/(Loss) for the period 5,890 6,094
Total Comprehensive Income 5,890 6,094
Dividends received by Council 1,495 1,396
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