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

NOOSA SHIRE COUNCIL

Notes to the financial statements
For the six months ending 30 June 2014                                                                 Consolidated            Council
                                                                                                            2014                 2014

                                                                                            Note             $                     $
          There are currently 71 councils contributing to the Regional DBF plan and any
          changes in contribution rates would apply equally to all 71 councils, Noosa Shire
          Council made less than 4% of the total contributions to the plan in the 2013-14
          financial year.
          The next actuarial investigation will be conducted as at 1 July 2015. :
      The amount of superannuation contributions paid by Noosa Shire Council
      to the scheme in this period for the benefit of employees was:                                          1,305,459           1,305,459
 30 Trust funds                                                                              1.30
          Trust funds held for outside parties:
               Monies collected or held on behalf of other entities yet
               to be paid out to or on behalf of those entities                                               2,640,702           2,640,702
                                                                                                              2,640,702           2,640,702
          The Noosa Shire Council performs only a custodial role in respect of these monies,
          and because the monies cannot be used for Council purposes, they are not brought to
          account in these financial statements.

 31   Reconciliation of net result for the year to net cash
      inflow (outflow) from operating activities
          Net result                                                                                        973,500,642         972,461,897
           Non-cash operating items:
               Impairment of receivables and bad debts written off                            10                    909                 909
               Depreciation and amortisation                                                  lt              7,779,655           7,779,655
               Interest expense capitalised in QTC loans                                                      1,137,954           1,137,954
                                                                                                              8,918,518           8,918,518
           Investing and development activities:
               Capital grants, subsidies and contributions                                     4             (2,358,968)         (2,358,968)
               Capital income                                                                  5                  (7,228)            (7,228)
               Capital expenses                                                               12                315,945             315,945
               Net equity income from investments                                                            (1,038,745)               -
               Net gain on restructure of local government                                                 (972,198,126)       (972,198,126)
                                                                                                           (975,287,122)       (974,248,377)
           Changes in operating assets and liabilities :
               (Increase) decrease in receivables                                                             (2,124,994)        (2,124,994)
               (Increase) decrease in inventories (excluding land)                                             (103,425)           (103,425)
                Increase (decrease) in payables                                                               3,969,228           3,969,228
                Increase (decrease) in provisions                                                             (3,926,236)        (3,926,236)
                Increase (decrease) in other liabilities                                                         84,406              84,406
                                                                                                              (2,101,021)        (2,101,021)
           Net cash inflow from operating activities                                                          5,031,016 ~~        5,031,016 _

  32  Operating lease income                                                                                  s                    $
        The council has leased properties to various tenants under commercial lease
         arrangements.
         The expected future income is as follows:
                Within One Year                                                                                 300,614             300,614
                Within One to Five Years                                                                        $03,190             503,190
                Greater Than Five Years                                                                                -                   -
               Total                                                                                            803,804             803,804

                                                                                                                         QAO          ;
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