2016-11-08 S&O Agenda - Item 3, Attachment 1 - Local Economic Plan

Noosa Shire Council

Financ!al Statements
for the year ended 30 June 2016



Table of Contents                                                                 Page

1. Primary Financial Statements:
  Statement of Comprehensive Income                                                2
  Statement of Financial Position                                                  3
  Statement of Changes in Equity                                                   4
  Statement of Cash Flows                                                          5

2. Notes to the Financial Statements
     1    Summary of Significant Accounting Policies                               6
   2(a}   Council Functions - Component Descriptions                               12
   2(b)   Council Functions- Analysis of Results by Function                       13
    3     Revenue Analysis                                                         14
    4     Grants, Subsidies, Contributions and Donations                           15
    5     Employee Benefits                                                        16
    6     Materials and Services                                                   16
    7     Depreciation and Amortisation                                            17
    8     Cash, Cash Equivalents and Investments                                   17
     9    Trade and Other Receivables                                              18
    10    Investment Property                                                      19
    11    Property, Plant and Equipment                                            20
    12    Fair Value Measurements                                                  22
    13    Intangible Assets                                                        29
    14    Trade and Other Payables                                                 29
    15    Borrowings                                                               30
    16    Provisions                                                               30
    17    Asset Revaluation Surplus                                                31
    18    Commitments for Expenditure                                              32
    19    Contingent Liabilities                                                   33
    20    Superannuation                                                           33
    21    Operating Lease Income                                                   34
    22    Equity Investments                                                       35
    23    Trust Funds                                                              37
          Reconciliation of Net Result for the year to Net Cash
    24                                                                             37
          Inflow (Outflow) from Operating Activities
    25    Events Occurring After Balance Sheet Date                                38
    26    Financial Instruments                                                    38
    27    National Competition Policy                                              43

3. Management Certificate                                                          44
4. Independent Aud itor's Report                                                   45

5. Current Year Financial Sustainability Statement                                 47
  Certificate of Accuracy - Current Year Financial Sustainability Statement        49
  Independent Auditor's Report- Current Year Financial Sustainability Statement    50
6. Long Term Financial Sustainability Statement                                    52
  Certificate of Accuracy - Long Term Financial Sustainability Statement           54




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