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 23. Trust Funds
                                                                                                 2017                      2016
                                                                                   Notes         $'000                     $'000

Trust funds held for outside parties

Monies collected or held on behalf of other entities yet to be paid out to or on
behalf of those entities                                                                        3,372                  2,~70
                                                                                               3,372                  2,670

Noosa Shire Council performs only a custodial role in respect of these monies. As
these funds cannot be used for Council purposes, they are not brought to account
in these financial statements.



Note 24. Reconciliation of Net Result for the year to Net
         Cash Inflow/( Outflow) from Operating Activities

Net operating result from Income Statement                                                    17,124                 19,047
Non-cash items
Depreciation and amortisation                                                                  17,671                  16,973
Non cash capital contributions                                                                 (3,217)                 (2,022) *
Impairment of receivables and bad debts written off                                                17                         1
Interest expense capitalised in QTC loans                                                       2,188                ,. ,~!3.1g_.
                                                                                              16,659         -       17,272

Losses/( Gains) recognised on fair value re-measurements through the P&L
Investment properties                                                                            (255)                     (319)
Unwinding of Discount Rates on Reinstatement Provisions                                         f.,_9Es __                  850
                                                                                               1,810                       531

Investing and development activities
Loss on write-off and disposal of assets                                                        1,563                  1,203
Capital grants and contributions                                                               (6,313)                (7,696)
Share of net (profits )/losses of Associates                                                   (5,?59)                (5,793)
                                                                                            (1 0,509)              (12,286)

Changes in operating assets and liabilities:
(lncrease)/Decrease in receivables                                                             (1 ,327)                  (45)
(lncrease)/Decrease in inventories                                                                (174)                  (52)
lncrease/(Decrease) in other assets                                                             1,568                  1,864
lncrease/(Decrease) in payables and accruals                                                    3,525                     88
lncrease/(Decrease) in other liabilities                                                           511                  (481)
lncrease/(Decrease) in Employee Leave Entitlements                                               (104)                   252
lncrease/(Decrease) in other provisions                                                          .,(!!)
                                                                                               3,982                  1,626

Net cash inflow from Operating Activities                                                    29,066                 26,190
*Comparative figures have been restated. Refer to Note 25 for details


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