2021-04-12 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA   12 APRIL 2021




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GENERAL COMMITTEE MEETING AGENDA                                                                         12 APRIL 2021

Noosa Council                                                                                                ATTACHMENT 2
Statement of Financial Position
For the Year Ended 30 June 2021
As at 31 March 2021
                                                                    2021 Year End
                                                                       Forecast               2021 YTD                  2020
                                                                        ($'000)                 ($'000)                ($'000)
Current Assets
    Cash and cash equivalents                                                  52,550                  80,888                  57,023
    Trade and other receivables                                                  9,117                  8,596                   5,440
    Inventories                                                                   181                     181                     181
    Contract Assets                                                                  -                     27                      27
    Other current assets                                                         2,912                  2,955                   4,732
                                                                               64,760                  92,647                  67,403
    Non Current Assets held for sale                                                 @                      -                       >
Total Current Assets                                                           64,760                  92,647                  67,403
Non Current Assets
    Trade and other receivables                                                49,593                  49,593                  49,593
    Investments                                                                88,040                  88,040                  88,040
    Investment property                                                          3,000                  3,000                   3,000
    Property, plant and equipment                                             961,982                 927,832                 929,355
    Right of Use Assets                                                              =                    161                     161
    Intangible assets                                                            8,400                  8,025                   7,635
Total Non Current Assets                                                     1,111,014              1,076,650               1,077,783
Total Assets                                                                 1,175,774              1,169,297               1,145,186

Current Liabilities
    Trade and other payables                                                     6,512                 11,693                  10,642
    Contract Liabilities                                                             -                  1,568                   1,568
    Borrowings                                                                   3,152                     87                   3,023
    Lease Liablities                                                                 -                     54                      54
   Provisions                                                                    7,582                  2,640                   4,630
   Other                                                                         4,780                    939                   1,561
Total Current Liabilities                                                      22,026                  16,981                  21,478
Non Current Liabilities
    Borrowings                                                                  19,114                 18,493                  18,493
    Lease Liabilities                                                             110                     110                     110
    Provisions                                                                  15,307                 15,399                  15,307
Total Non Current Liabilities                                                  34,531                  34,002                  33,910
Total Liabilities                                                              56,557                  50,983                  55,388
Net Community Assets                                                        1,119,217               1,118,313              1,089,798

Community Equity
    Asset Revaluation Surplus                                                 103,738                  86,525                  86,525
    Retained Surplus / (Defeciency)                                                  :                      :                       =
    Shire Capital                                                            1,015,479              1,003,273                 992,284
    Current Year Net Earnings                                                        =                 28,515                  10,989
Total Community Equity                                                      1,119,217               1,118,313              1,089,798

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