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2016-11-08 S&O Agenda - Item 3, Attachment 1 - Local Economic Plan
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Log in to see the plans as drawnFigure 7 – Non-Current Assets & Community Infrastructure ($’000)
Work in Progress,
$8,879
Other
Infrastructure, Land &
$56,880 Improvements,
Stormwater & $130,109
Drainage
Network, Buildings,
$114,774
Intangible Assets, $59,208
$2,614 Plant &
Equipment,
$8,670
Road & Bridge
Network,
$528,147
Liabilities – What We Owe
Money owed by Council is shown as both current and non-current liabilities in the statement of
financial position. Current liabilities are those amounts that are payable by Council within the next
twelve months, and non-current liabilities are payable beyond the twelve-month horizon. The most
significant element is loans raised by Council to fund the investment in community infrastructure.
Statement of Changes in Equity
The statement of changes in equity illustrates how the net worth has changed as a result of
Council’s operations through the period. Council’s total community equity as at 30 June 2016 is
$1.03 billion. Community equity is equal to total assets (what we own) less total liabilities (what we
owe) and represents Council’s net investment in assets.
Statement of Cash Flows
The statement of cash flows shows where Council has generated cash, and where these funds
have been expended. The detailed schedule in the financial statements is summarised below
(columns above the line represent cash flowing into the organisation, and columns below the line
represent cash payments made).
Noosa Council Annual Report 2015/16 Page 35
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