2017-11-07 S&O Agenda - Attachment 1 to Item 10 - Annual Report 2016-17

Asset sustainability ratio
This ratio is calculated by measuring the annual expenditure on the renewal and rehabilitation of
Council’s assets against the annual depreciation charge. It is a measure of whether Council is
reinvesting in existing assets to ensure that they meet required levels of service for the community.

Asset Sustainability Ratio – infrastructure assets (audited)
This is the ratio audited by the Queensland Government and specifically excludes the replacement of
non-infrastructure assets such as Council plant and fleet. During 2016/17 Council achieved a ratio of
82%. This ratio is reflective of the efficient delivery of the capital program during the year, including an
investment of $13.5 million in the replacement of infrastructure such as roads, bridges and buildings.

Asset Sustainability ratio – all assets (not audited)
When considering the replacement of all assets when measuring asset sustainability, Council achieved
a ratio of 90.6% for the 2016/17 financial year. This is considered an excellent result and reflects
Council’s continued investment in asset replacement and implementation of the recently developed
asset management roadmap.


Summary
The financial period ended 30 June 2017 represents an excellent financial result for Council, and
provides a firm foundation for future operations. Ongoing innovation and a commitment to strong
financial management through compliance with our Financial Sustainability policy will ensure that this
position is maintained into the future.




                                                                        Noosa Council | Annual Report 2016 - 2017
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