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

NOOSA SHIRE COUNCIL

     Notes to the financial statements
     For the six months ending 30 June 2014                                                               Consolidated           Council
                                                                                                              2014                 2014
                                                                                               Note             $                   $
      11  Depreciation and amortisation                                                        1.18(e)
               (a) Depreciation of non-current assets
                   Buildings                                                                                      749,306            749,306
                   Piant and Equipment                        .                                                   244,723            244,723
                   Road and Bridge Network                                                                      4,462,163           4,462,163
                   Storm Water                                                                                    OLE,182            911,182
                   Other Infrastructure Assets                                                                  1,390,772           1,390,772
                                                                                                                7,758,146           7,758,146

               {b) Amortisation of other intangible assets
                   Computer Software                                                                               21,509              21,509
                                                                                                                   21,509              21,509

          Total depreciation and amortisation                                                                   7,779 655           7,779,655

      12 Capital expenses
               Loss on write-off of capital assets                                               13               315,945            315,945
               Total capital expenses                                                                             315,945            315,945

      13  Loss on write-off of capital assets are as follows:
                 Plant and Equipment                                                                                6,421               6,421
                 Road and Bridge Network                                                                          209,094            209,094
                 Storm Water                                                                                        16,059             16,059
                 Other Infrastructure Assets                                                                       84,371              84,371
                                                                                                 12               315,945             315,945

       14 Cash assets and cash equivalents                                                      1.11
               Cash at bank and on hand                                                                            77,994              77,994
               Deposits at call                                                                                31,045,060          31,045,060
               Less QTC working capital foan facility                                                           (2,230,042)        (2,230,042)
               Total cash and cash equivalents per cash flow statement                                    ___  28,893,012          28,893,012

               Councils cash and cash equivalents are subject to a number of internal and external restrictions that limit amounts available for
               discretionary or future use. These include:

               Externally imposed expenditure restrictions at the reporting date relate to the following assets:
               Unspent loan monies                                                                                 128,138            128,138
               Unspent government grants and subsidies                                                             38,926              38,926
               Internally imposed expenditure restrictions at the reporting date relate to the following assets:
               Future capital works                                                                              3,037,105          3,037,105
               Future asset replacement                                                                           573,182             573,182
               Future constrained works                                                                          7,596,659          7,596,659
               Future recurrent expenditure                                                                      9,259,193          9,259,193
               Total unspent restricted cash held in reserves                                                  20,633,203          20,633,203

               Cash and deposits at call are held in the Commonwealth Bank in a normal business
               cheque account. On call accounts are also held with QTC.
               Deposits at call earned fixed interest over varying terms at interest rates of between
               2.95% and 3.35%.

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