2017-03-13 General Committee Agenda

ATTACHMENT 2




  Page 33 of 34

ATTACHMENT 2
Noosa Council
Statement of Financial Position
For the Year Ended 30 June 2017
As at 06-Mar-2017
                                                                                      Consolidated
                                                             2017 Year End
                                                                Forecast                2017 YTD                   2016
                                                  Note             $                       $                        $
Current Assets
      Cash and cash equivalents                                     50,163,274              83,730,933               52,586,475
      Trade and other receivables                                    8,315,517               9,887,572                5,946,062
      Inventories                                                      104,025                 157,497                  156,056
      Other current assets                                             668,000                1,156,864               2,628,892
                                                                    59,250,816              94,932,866               61,317,486
      Non Current Assets held for sale                                        -                       -                        -
Total Current Assets                                                59,250,816              94,932,866               61,317,486

Non Current Assets
      Trade and other receivables                                   49,217,517              49,217,517               49,217,517
      Other non current Assets                                                -                       -                        -
      Investments                                                   60,978,225              60,978,225               60,978,225
      Investment property                                            3,831,234               4,150,000                4,150,000
      Property, plant and equipment                                940,511,084             901,762,090              906,665,451
      Intangible assets                                              3,502,623                3,032,355               2,613,761
Total Non Current Assets                                         1,058,040,682            1,019,140,187           1,023,624,954

Total Assets                                                     1,117,291,498            1,114,073,053           1,084,942,440

Current Liabilities
      Trade and other payables                                       4,460,191              12,313,198                7,887,760
      Borrowings                                                     3,079,477                1,667,907               2,932,289
      Provisions                                                     5,090,852                2,672,803               4,328,513
      Other                                                            390,000                 863,294                  537,888
Total Current Liabilities                                           13,020,520              17,517,202               15,686,451

Non Current Liabilities
      Trade and other payables                                                -                       -                        -
      Borrowings                                                    34,362,811              32,952,158               35,186,158
      Provisions                                                     8,410,678               9,082,779                9,082,779
Total Non Current Liabilities                                       42,773,489              42,034,938               44,268,938

Total Liabilities                                                   55,794,009              59,552,140               59,955,389

Net Community Assets                                             1,061,497,489            1,054,520,914           1,024,987,051

Community Equity
      Asset Revaluation Surplus                                     47,237,401              24,518,021               24,518,021
      Retained Surplus / (Defeciency)                                         -                       -                        -
      Shire Capital                                              1,014,260,088            1,000,469,031             987,372,510
      Current Year Net Earnings                                               -             29,533,862               13,096,521
Total Community Equity                                           1,061,497,489            1,054,520,914           1,024,987,051

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