2021-11-15 GC Agenda - Item 12 - Attachment 1 - Noosa Council Annual Report 2020-21

                                                                                                                          2020 - 21 Annual Report


Statement of Changes in Equity
The Statement of Changes in Equity illustrates
                                                                              Figure 9 - Community Equity movement
how the net worth of Council has changed
                                                                                   $1,150,000
as a result of activities undertaken during the
period. Council’s total community equity as at                                     $1,100,000

30 June 2021 is $1.1 billion.                                                      $1,050,000




                                                                  Amount ($'000)
Community equity is equal to total assets (what                                    $1,000,000

we own) less total liabilities (what we owe) and                                    $950,000
represents Council’s net investment in assets.
                                                                                    $900,000
Figure 9 shows the movement in Community
                                                                                    $850,000
Equity since the De-Amalgamation of Council                                                     2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21

in 2014.


Statement of Cash Flows
The Statement of Cash Flows shows where Council has generated cash and where these funds
have been expended. The detailed schedule in the financial statements is summarised in Figure 10
(columns above the line represent cash flowing into the organisation, and columns below the line
represent cash payments made).

Figure 10 – Net Cash Flow Sources 2020/21 ($’000)
$30,000
$25,000
$20,000
$15,000
$10,000
 $5,000
       $-
 -$5,000
-$10,000
                   Operating Activities    Investing Activities                          Financing Activities               Net Movement in Cash

Key elements to Council’s annual cash flow include:
   •        O
             perating activities depicts the net of income received from rates, interest, grants, etc. and
             payments made to suppliers and employees.
   •        	
            Investing activities relate to the acquisition and sale/disposal of long-term assets, generally in
            the form of roads, bridges, plant and equipment, etc. A negative outcome here represents a
            net investment in community infrastructure during the reporting period.
   •        	
            Financing activities shows the receipt and repayment of Council borrowings. A negative
            outcome here represents that Council has repaid more loans compared to new borrowings
            raised.
   •        	 movement in cash represents the total physical movement of cash, with any accounting
            Net
            adjustments and accruals removed. The net positive movement in cash for the year of $13.0
            million represents a net increase in cash on hand, with all significant outlays fully funded within
            the period.

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