2017-09-18 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA   18 SEPTEMBER 2017


                                      ATTACHMENT 2




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GENERAL COMMITTEE MEETING AGENDA                                                      18 SEPTEMBER 2017

                                                                                                  ATTACHMENT 2

 Noosa Council
Statement of Financial Position
For the Year Ended 30 June 2018
As at 31 August 2017
                                                                                  Consolidated
                                                                       2018                   2018
                                                                  Forecast                    YTD                    2017
                                                                     ($'000)                ($'000)                ($'000)
Current Assets
      Cash and cash equivalents                                      48,418                  79,623                 65,463
     Trade and other receivables                                      8,381                  10,656                  7,101
      Inventories                                                       156                    331                     330
      Other current assets                                              468                   1,576                  2,796
                                                                     57,424                  92,187                 75,690
      Non current assets held for sale                                     -                      -                       -
Total Current Assets                                                 57,424                  92,187                 75,690

Non Current Assets
     Trade and other receivables                                     49,218                 49,218                  49,218
      Other non current assets                                             -                      -                       -
      Investments                                                    69,141                  60,978                 60,978
      Investment property                                             4,150                   4,405                  4,405
      Property, plant and equipment                                 935,214                915,179                 913,152
      Intangible assets                                               3,837                   3,783                  3,497
Total Non Current Assets                                           1,061,560              1,033,563              1,031,249

Total Assets                                                       1,118,984              1,125,750              1,106,939

Current Liabilities
     Trade and other payables                                         4,501                  13,338                 11,819
      Borrowings                                                      3,040                   1,538                  3,745
      Provisions                                                      4,394                   2,306                  4,076
     Other                                                              548                    597                     645
Total Current Liabilities                                            12,483                  17,778                 20,285

Non Current Liabilities
     Trade and other payables                                              -                      -                       -
      Borrowings                                                     35,005                  34,291                 34,291
     Provisions                                                       9,305                   9,843                  9,843
Total Non Current Liabilities                                        44,310                 44,133                  44,133

Total Liabilities                                                    56,793                  61,912                 64,418

Net Community Assets                                              1,062,191              1,063,838              1,042,521

Community Equity
     Asset revaluation surplus                                       46,961                  26,892                 26,892
      Retained surplus / (defeciency)                                      -                      -                       -
      Shire capital                                                1,015,230               999 223                 999 223
      Current year net earnings                                            -                 37,723                 16,406
Total Community Equity                                            1,062,191              1,063,838              1,042,521

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