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2016-11-08 S&O Agenda - Item 3, Attachment 1 - Local Economic Plan
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Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2016
Note 12. Fair Value Measurements (continued)
(1) The following table presents all assets and liabilities that have been measured and recognised at
fair values:
~-a it V~h.:e
Maasurement usin
Leve!2 L~wel 3 Total
Significa~l Significant
observable tJr.observable
i:op..;ts inpu!s
2016 $'000 $'000 $'000
Property, Plant and Equipment
· Land 68,769 61,340 130,109
· Buildings 59,208 59,208
• Road and Bridge Network 528,147 528,147
- Storm Water 114,774 114,774
•, _Other
... -
Infrastructure Assets _ ,.r• - -- -
. .- -_.....-- .. _................._ • • " ...
• • ·--~-"''
~~80_ - ~·.8.80
Total Property, Plant and Equipment -- !i~_()J.~~ ~~!.1t~
2015
Property, Plant and Equipment
- Land 63,883 55,631 119,514
· Buildings 60,383 60,383
- Road and Bridge Network 522,600 522 ,600
- Storm Water 112,374 112,374
------.
Other
-............ __Infrastructure
_ _
Assets
. . . _... .._._, ,._..., , ... ...... ... ,. _ ... -· ..?..?:.?~3 ...?.~.?9~
Total Property, Plant and Equipment ~~!~~~ - .~Q~.?~1 ~7?!164
(2) Transfers between Level1 and Level2 Fair Value Hierarchies
During the year, there were no transfers between Level 2 and Level 3 Fair Value hierarchies for recurring fair
value measurements.
Council's policy for determining transfers between Fair Value hierarchies is at the end of the reporting period.
page 23
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