2018-02-12 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA   12 FEBRUARY 2018

                                       Attachment 2




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GENERAL COMMITTEE MEETING AGENDA                                                                     12 FEBRUARY 2018

                                                                                                             Attachment 2
     Noosa Council
    Statement of Financial Position
    For the Year Ended 30 June 2018
    As at 31 January 2018
                                                                        Current                 Actual                   Actual
                                                                         Budget                    YTD                Full Year
                                                                           2018                    2018                   2017
                                                                         ($'000)                ($000)                  ($'000)
    Current Assets
          Cash and cash equivalents                                       48,418                 65,437                  65,463
          Trade and other receivables                                      8,381                 34,777                   7,101
          Inventories                                                        156                    330                     330
          Other current assets                                               468                  2,282                   2,796
                                                                          57,424                102,826                  75,690
          Non Current Assets held for sale                                      -                      -                       -
    Total Current Assets                                                  57,424                102,826                  75,690

    Non Current Assets
          Trade and other receivables                                     49,218                 49,218                  49,218
          Other non current Assets                                              -                      -                       -
          Investments                                                     69,141                 60,978                  60,978
          Investment property                                              4,150                  4,405                   4,405
          Property, plant and equipment                                  935,214                915,510                 913,152
          Intangible assets                                                3,837                  4,279                   3,497
    Total Non Current Assets                                           1,061,560               1,034,389              1,031,249

    Total Assets                                                       1,118,984               1,137,215              1,106,939
    Current Liabilities
          Trade and other payables                                         4,501                 10,976                  11,819
          Borrowings                                                       3,040                  2,434                   3,745
         Provisions                                                        4,394                  2,357                   4,076
         Other                                                               548                    436                     645
    Total Current Liabilities                                             12,483                 16,203                  20,285

    Non Current Liabilities
          Trade and other payables                                              -                      -                       -
          Borrowings                                                      35,005                 34,291                  34,291
         Provisions                                                        9,305                  9,879                   9,843
    Total Non Current Liabilities                                        44,310                 44,169                   44,133
    Total Liabilities                                                     56,793                 60,372                  64,418

    Net Community Assets                                              1,062,191               1,076,843              1,042,521

    Community Equity
          Asset Revaluation Surplus                                       46,961                 26,892                  26,892
          Retained Surplus / (Defeciency)                                       -                      -                       -
          Shire Capital                                                1,015,230               1,015,629              1,000,677
          Current Year Net Earnings                                             -                34,322                  14,951
    Total Community Equity                                            1,062,191               1,076,843              1,042,521

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