31dfa1d2-3224-4dd7-a957-281a51cc7802

NOOSA SHIRE COUNCIL
    Notes to the financial statements
    For the six months ending 30 June 2014                                                                                                                                                                               reer
    18 Council property, plant and equipment                                          =                 eS |                                                       SE
                                                         Note          Land              Buildings       Plant and Equipment}   Road and Bridge        Storm Water       Other Infrastructure 7 Works in progress        Total
    Basis of measurement                                   [Valuation             |      Valuation     | ___—Cost_        | _‘ Valuation        ‘| —Valuation [Valuation [Cost                                 |
                                                                        2014                2014                2014                 2014                 2014                 2014                 2014                 2014
    Asset Values                                                          $                   $                   $                    $                    $                    $                    $                    $
       Assets transferred from de-amalgamated council                   159,859.939          60,480,551           7,397,557          550,252,152           104,064,222           54,709,289           3,454,924           940,218,634
       Valuation adjustment on de-amalgamation            He}           (38,979,941)         14.015,208                -              64,818,214                                 21,284,899         (2,241,057)            102,577,950
       Additions at cost                                                                        50,201              83,376               587,305                72,083            1,503,739             384,564             2.740.657
       Internal transfers from work in progress                               5,679                :                                       14,973              46,924                  :                (75.698)                 -
      Write-offs                                           {2                                                        {7.966}            (300,937)              (27,804)            (118,131)               -                 (454,838)
       Closing gross vatue as at 30 June 2014
    Accumulated depreciation and impairment
       Opening balance as at 1 July 2013                                                           -                   -    |e |                                  -                    -    [|                                   :
       Valuation adjustment on de-amalgamation            7(c)                               14,436,757                -              «85,310,404          42,599,233            21,666,226                               164,012,705
       Depreciation provided in period                     {1                                   749,306             244,723            4,462,163              911,182             1,390,772 |                               7,758,146
       Depreciation on disposals                           6   pa                                  -        .           (76)                .                     .                    :
       Depreciation on write-offs                          12                                         dT               SAS)               (91,843)             (11,745)             (33.761)                                 (138,894)
       Accumulated depreciation as at 30 June 2014              LE                         1586063]               i230 [——_—«89,680,724 fF                a3. agac7o[           23.003.238 [171,631.88 |
       Total written down value as at 30 June 2014                      NEAT            SAN                                          KO            TA Re                                                                 RCT
    Range of estimated useful life in years                  [Not depreciated |          30-100 [3-20                           1 1208 Oi
    Addition of other assets                                                 59,389             50,201              83,376               97,983                   -                  3,820                                   1,483,390
    Total additions i period                                                59399 [50201                                16 |            38305 [0 [58TH                                                  98                   954524 |
    * ARS denotes - Asset Revaluation Surplus

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