2016-06-13 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA   13 JUNE 2016


                                   ATTACHMENT 2




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GENERAL COMMITTEE MEETING AGENDA                                                               13 JUNE 2016

                                                                                                         ATTACHMENT 2
Noosa Council
Statement of Financial Position
For the Year Ended 30 June 2016
As at 31-May-2016
                                                                                      Consolidated
                                                        “2016YearEnds—“‘S™SOSC;™~™~*~*~*~*~C~C™COCOOOOOOOO™O™~™OCOCOCS
                                                                Forecast                2016 YTD                  2015
                                                 Note              $                       $                        $
Current Assets
      Cash and cash equivalents                                     34,793,450              59,670,594              50,891,174
      Trade and other receivables                                    8,111,648               6,590,327                5,794,388
      Inventories                                                      104,038                 128,288                 104,038
      Other current assets                                             657,006                 583,722                3,097,262
                                                                    43,666,142              66,972,931              59,886,862
      Non Current Assets held for sale                                       -                        -                       -
Total Current Assets                                                43,666,142              66,972,931              59,886,862

Non Current Assets
      Trade and other receivables                                   49,217,517              49,217,517              49,217,517
      Other non current Assets                                               -                        -                       -
      Investments                                                   60,978,225              60,978,425              60,978,225
      Investment property                                            3,831,234               3,831,234                3,831,234
      Property, plant and equipment                                927,977,315             896,935,123             887,078,579
      Intangible assets                                              2,978,146               2,612,929                2,701,457
Total Non Current Assets                                         1,044,982,437           1,013,575,228            1,003,807,012

Total Assets                                                     1,088,648,579           1,080,548,158            1,063,693,873

Current Liabilities
      Trade and other payables                                       4,382,135               4,613,272                8,100,894
      Borrowings                                                     2,854,619               2,677,453                2,633,065
      Provisions                                                     5,013,310               5,813,193                4,114,390
      Other                                                            380,497               2,744,372                1,082,497
Total Current Liabilities                                           12,630,561              15,848,291               15,930,845

Non Current Liabilities
      Trade and other payables                                               -                        -                       -
      Borrowings                                                    35,247,498              33,892,480              36,747,480
      Provisions                                                     8,210,644               8,239,918                8,194,924
Total Non Current Liabilities                                       43,458,142              42,132,398              44,942,404

Total Liabilities                                                   56,088,703              57,980,689              60,873,249

Net Community Assets                                             1,032,559,876           1,022,567,469            1,002,820,624

Community Equity
      Asset Revaluation Surplus                                     36,519,656              14,334,106               14,334,106
      Retained Surplus / (Defeciency)                                        -                        -                       -
      Shire Capital                                                996,040,220             988,486,518             973,851,849
      Current Year Net Earnings                                              -              19,746,844               14,634,670
Total Community Equity                                           1,032,559,876           1,022,567,469            1,002,820,625

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