FINANCIAL PERFORMANCE REPORT – APRIL 2025 · Attachment 2 Statement of Financial Position - Apr 2025

Attachment 2 - Statement of Financial Position

      Noosa Council
      Statement of Financial Position
      For the Year Ended 30 June 2025
      As at 30 April 2025
                                                 2025 Year End
                                                      Forecast    2025 YTD          2024
                                                        ($'000)      ($'000)      ($'000)
      Current Assets
            Cash and cash equivalents                   91,652      114,475      106,127
            Trade and other receivables                 13,073       14,813       19,151
            Inventories                                    237          248          237
            Contract Assets                                  -        6,961        6,961
            Other current assets                         1,102        2,696        1,102
      Total Current Assets                             106,064      139,193      133,578

      Non Current Assets
            Trade and other receivables                 49,218       49,218       49,218
            Other non current Assets                         -            -            -
            Investments                                103,744      103,744      103,744
            Investment property                          3,750        3,750        3,750
            Property, plant and equipment            1,385,006    1,275,741    1,232,917
            Right of Use Assets                          1,122        1,123        1,122
            Intangible assets                              195          201          238
      Total Non Current Assets                       1,543,034    1,433,777    1,390,989

      Total Assets                                   1,649,099    1,572,970    1,524,567

      Current Liabilities
            Trade and other payables                     9,530        9,019       24,824
            Contract Liabilities                         4,000        8,167        8,167
            Borrowings                                   1,228          117        1,406
            Lease Liablities                                23          235          235
            Provisions                                   8,103        9,452       11,727
            Other                                        9,546        4,626        9,334
      Total Current Liabilities                         32,430       31,615       55,693

      Non Current Liabilities
            Borrowings                                  22,436       23,449       23,449
            Lease Liabilities                               17          917          917
            Provisions                                  35,183       31,559       31,559
            Other                                        6,103        5,203        5,203
      Total Non Current Liabilities                     63,739       61,128       61,128

      Total Liabilities                                 96,169       92,743      116,820

      Net Community Assets                          1,552,929     1,480,227    1,407,746

      Community Equity
          Asset Revaluation Surplus                    363,820      316,106      316,106
          Retained Surplus / (Defeciency)                    -            -            -
          Shire Capital                              1,189,109    1,091,750    1,044,817
          Current Year Net Earnings                          -       72,370       46,822
      Total Community Equity                        1,552,929     1,480,227    1,407,746