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

                                                                                                                                                                                Financial Statements 2017



Noosa Shire Council

Long-Term Financial Sustainability Statement
prepared as at 30 June 2017
                   ~



                                                                        Target       Actual                                                         Forecast
                                                                         2017        2017         2018      2019            2020        2021     2022     2023         2024      2025       2026       2027
                                                                                                                                                                                                            -
Measures of Financial Sustainability
Council's performance at 30 June 2017 against key financial
ratios and targets.

Performance Indicators
                                                                                                                                                                                                   ·--·-----
1. Operating Surplus Ratio
                                                                                                  ---                   -                        --              -     - -                         -
Net Result (excluding capital items) {1)
Total Operating Revenue (excluding capital items) {2 )
                                                                        0-10%        9.16%        0.02%     0.24%           0.24%       0.57%    0.57%      0.60%      0.46%    0.29%      0.34%       0~ 16i:J
                                                                                     -                                                                                        --
An indicator of which the extent to which revenues raised
cover operational expenses only or are available for capital
funding purposes or other purposes.
        -

2. Asset Sustainability Ratio
                                                                                 -                                      -      -                    -
CaEital ExEenditure on the ReEiacement of Assets (renewals)             > 90%        81.94% 108.02% 105.61% 77.46%                      80.92%   89.40%     96.49%     93.25%   90.~5'/:-9~.39% 92.91%          1
Depreciation Expense                                                L   --   --~-        -   --
                                                                                                                        -
An 'approximation of the extent to which the infrastructure
assets managed are being replaced as these reach the end
of their useful lives.
                         - ------   -   -·   ~




3. Net Financial Liabilities Ratio
Total Liabilities less Current Assets
Total Operating Revenue (excluding capital items) {2 )
                                                                    I   < 60%
                                                                                 -
                                                                                     -
                                                                                     -11.60%      -8.28%   -13.49% -11.85% -12.34%
                                                                                                            - --
                                                                                                               ·            -~- -
                                                                                                                                    -
                                                                                                                                         ------ -
                                                                                                                                                 --
                                                                                                                                                 -7 00%
                                                                                                                                                        -   -·
                                                                                                                                                                 ··-
                                                                                                                                                            -3.73%
                                                                                                                                                                       - ---·--3
                                                                                                                                                                       -1.21%    0.10%- _
                                                                                                                                                                                        1.90%          4.24%


An indicator of the extent to which the net financial liabilities
can be serviced by its operating revenue.
                                                                                              -            ~==-   ---       --                      -- ---- -                        -. . . ----       ----
                                                                                                                                                                                                   page 58