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

NOOSA SHIRE COUNCIL                                                                                                                                                                                                                                      -
   Notes to the financial statements
“For the six months ending 30 June 2014
    18 Consolidated property, plant and equipment
                                                         Note          Land               Buildings      Plant and Equipment}   Road and Bridge        Storm Water        Other infrastructure | Works in progress         Total
                                                                                                                                   Network                                      Assets
    Basis of measurement                                   [Valuation |                   Valwation    | ___Cost___——'|           ‘Valuation     | __—Valuation [Valuation                  |        Cost       TO
                                                                        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             7c)           (38,979,941)          44,015,208                -              64,818,214                                21,284,899                                 102,577,950
      Additions at cost                                                      59,389               50,201              83,376              587,305                72,083             1,503,739            384,564              2,740,657
      Internat transfers from work in progress                                5,679                 -                  8,121               14,973                                       -                 (75,698)                 -
     Disposals                                              6   J                                   =                 (3,003)                - |                                        -                                        (3,003)
      Write-offs                                           12                                       -                 (7.966)                                                       (118.131)                :                 (454.838)
      Closing gross value as at 30 June 2014
    Accumulated depreciation and impairment
      Opening balance as at 1 July 2013                          [te                                oa                  °                    :                                          -                                          -                                  :
      Valuation adjustment on de-amalgamation             we [|                               14,436,757                -              85,310,404            42,599,233           21,666,226                                164,012,705                               :
      Depreciation provided in period                      uf                                    749,306 | _         244,723            4,462,163                                 1,390,772                       a           7,758,146
      Depreciation on disposals                             6 po                                    -                    (76)                -    |        tid                          -                                           (76)                              .
      Depreciation on write-offs                           12                                       -                 (1,545)              (91,843)                                   (33.761)                                 (138,894
      Accumulated depreciation as at 30 June 2014                PT       —C*dECOSS~SS 86063 [HOD [89,680,724 [43,498,670 [23,023.38                                                                                       171,631,881 |
      otal written down value as at 30 June 2014
    Range of estimated useful life in years                     F Not depreciated |       30-100,      |       3-20      ~—=|       0-100        |          80        |      200d
    Addition of other assets                                                  59,389                                                       97,983                  -                   3,820                                   1,483,390
    Total additions in period
    * ARS denotes - Asset Revaluation Surplus

  a
  a0
  2S
  =O
  oO
  a
   o
   2                    .
   no

                                                                                                                           Page 25