2015-01-12 General Committee Agenda Attachment 1 to Item 17 Noosa Council Report 2014

a       ‘

NOOSA SHIRE COUNCIL

Statement of Comprehensive Income
For the six months ending 30 June 2014                                                 Consolidated         Council
                                                                                            2014              2014
                                                                               Note           $                 $
Income
     Revenue
          Recurrent revenue
               Rates and charges                                                3 {a}      30,470,848        30,470,848
               Sale of goods and major services                                 3 (b)      3,267,009          3,267,009
               Fees and charges                                                 3 {c)       2,162,005         2,162,005
               Rental and levies                                                3 (d)         481,667           481,667
               Interest received                                                3 (e)       2,520,125         2,520,125
               Sales of contract and recoverable works                          3 (f)          76,857            76,857
               Other recurrent income                                           3 (g)         598,920         1,502,935
               Grants, subsidies, contributions and donations                   4 (i)        1,890,879         1,890,879
               Total recurrent revenue                                                     44,468,310        42,372,325

          Capital revenue
               Grants, subsidies, contributions and donations                   4 (ii)      2,358,968         2,358,968
                                                                                            2,358,968         2,358,968
          Total revenue                                                                    43,827,278        44,731,293

          Capital income                                                          5             7,228             7,228
Total income before gain on restucture of local government                        2        43,834,506        44,738,521
     Net gain on restructure of local govenrment                                  7       972,198,126       972,198,126
Total income                                                                      2      1,016,032,632     1,016,936,647

 Expenses
     Recurrent expenses
          Employee benefits                                                       8        (18,264,226)      (18,264,226)
          Materials and services                                                  9        (16,755,448)      (16,755,448)
          Finance costs                                                           10        (1,359,476)       (1,359,476)
          Depreciation and amortisation                                           fl        (7,779,655)       (7,779,655)
          Total recurrent expenses                                                         (44,158,806)      (44,158,806)
      Capital expenses
          Other capital expenses                                                  12          (315,945)         (315,945)
 Total expenses                                                                            (44,474,751)      (44,474,751)
      Equity share of profit (loss) in investment in associate through participation rights  1,942,760              -
 Net result                                                                                973,500,642      972,461,897

 Total comprehensive income for the period                                                 973,500,642       972,461,897

 The above statement should be read in conjunction with the accompanying notes and Summary of Significant Accounting Policies.

                                                                                                                           certified statements
                                                                            Page 2