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

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                                                                                        Financial Statements 2016



Noosa Shire Council                                                                                   QAO
                                                                                         (   l'Fr.ifiPrl statements
                                                                                             ~--
Notes to the Financial Statements
for the year ended 30 June 2016

Note 10. Investment Property
                                                                                               2016              2015
                                                                                               $'000             $'000


Fair value at Beginning of Financial Year                                                     3,831
Fair value of Assets transferred from other Asset Category                                                      3,227
Revaluation adjustment to the Income Account                                                    319               604


TOTAL INVESTMENT PROPERTY


All investment property was valued at fair value by AEC Group Limited, an independent professionally qualified
valuation firm, as at 30 June 2016. Operating expenses in respect of investment property are shown in note 6.




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