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2019-11-12 S&O Agenda - Item 11 - Attachment 1 - Draft Noosa Council 2018-19 Annual Report
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Financial Statements 2019
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2019
Note 3. Revenue Analysis (continued)
2019 2018
Notes $'000 $'000
(c). Interest and Investment Revenue
Interest received from term deposits is accrued over the term of the investment. Dividends are recognised once
they are formally declared by the directors of the associated entities.
Investments 1,781 1,659
Interest from Overdue Rates and Utility Charges 511 493
Loan to Unitywater 2,471 2,549
TOTAL INTEREST AND INVESTMENT REVENUE 4,763 4,701
(d). Sales Revenue
The amount recognised as revenue for contract revenue during the financial year is the amount receivable in
respect of invoices issued during the period.
Sale of services
Contract and Recoverable Works 26 34
Waste Management Charges 2,492 2,296
Venue Hire 403 384
Holiday Parks Fees and Charges 3,093 3,241
Learn to Swim 655 704
Admission Fees 1,260 1,139
Total Sale of Services 7,929 7,798
Sale of goods
Sale of Recyclables 1,129 755
Retail Shop Sales 668 648
Total Sale of Goods 1,797 1,403
TOTAL SALES REVENUE 9,726 9,201
There are no contracts in progress at the year end. The contract work carried out is not subject to retentions.
(e). Other Income
Unitywater Income Tax Equivalent Received 1,754 3,067
Other 944 997
TOTAL OTHER INCOME 2,698 4,064
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