2019-11-12 S&O Agenda - Item 11 - Attachment 1 - Draft Noosa Council 2018-19 Annual Report

                                                                                                                                                                 Financial Statements 2019



Noosa Shire Council

Long-Term Financial Sustainability Statement
prepared as at 30 June 2019

                                                                    Target     Actual                                          Forecast
                                                                     2019      2019     2020     2021     2022     2023     2024     2025      2026     2027     2028      2029


Measures of Financial Sustainability
Council's performance at 30 June 2019 against key financial
ratios and targets.

Performance Indicators

1. Operating Surplus Ratio
                                       (1)
Net Result (excluding capital items)
                                                                    0 - 10%   11.62%    0.03%    0.05%    0.04%    0.09%    0.12%    0.10%    0.10%    0.09%    0.09%     0.12%
Total Operating Revenue (excluding capital items) (2)

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
Capital Expenditure on the Replacement of Assets (renewals) (3)
                                                                    > 90%     132.31% 110.33% 100.62% 100.29% 103.67% 98.93%         90.39%   89.29%   82.73%   83.01%    79.74%
Depreciation Expense

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
                                                  (2)
                                                                    < 60%     -13.81%   -5.70%   -5.29%   -3.30%   -3.62%   -6.35%   -10.57% -13.76% -18.83% -21.95% -26.64%
Total Operating Revenue (excluding capital items)

An indicator of the extent to which the net financial liabilities
can be serviced by its operating revenue.




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