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

                                                                      Financial Statements 2017



 Noosa Shire Council

Notes to the Financial Statements
 for the year ended 30 June 2017

Note 22. Equity Investments (continued)



(d) Summarised financial information for associate is set out below

Summarised Statement of Financial Position - Councils Share                  Unitywater
                                                                           2017              2016
                                                                           $'000             $'000
Assets                                                                _1_ ~~!§3J .. ~_!±~.69i
Total Assets                                                          153,831           148,694


Liabilities                                                           __?_?_, 31_~   __ 76,37_9
Total Liabilities                                                       77,316            76,370
Net Assets                                                              76,515            72,324

Reconciliation of the Carrying Amount of Participation Rights
Opening Net Assets (1 July)                                             69,141            65,212
ProfiU(Loss) for the period                                              5,759             5,793
.qiv!~~'!9~ J,~Y.a_ble                                                  _(1 .?~?)         t1!.~64}_
 Closing Participation Rights                                           73,332            69,141
Council's share in%                                                      4.25%             4.25%
Council's share in $                                                    76,515            72,324

Summarised Statement of Comprehensive Income - Councils Share                Unitywater
                                                                            2017            2016
                                                                           $'000            $'000
Income                                                                  28,455            27,642
Income Tax Expense                                                       (1 ,905)         (2,080)
Total Expenses                                                         (20,_791)          (19~769)
Profit/(Loss) for Period                                                  5,759            5,793
Total Comprehensive Income                                               5,759             5,793
Dividends received by Council                                            1,567             1,864




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