NOOSA COUNCIL ANNUAL REPORT 2022-2023 · Attachment 1: Noosa Shire Council Annual Report 22-23

      Financial Statements                                                                                          Statement of Comprehensive Income
                                                                                                                    for the year ended 30 June 2023


      2022 – 2023                                                                                                   $ '000

                                                                                                                    Income
                                                                                                                                                                                                             Notes                2023       2022


                                                                                                                    Revenue
      General Purpose Financial Statements for the year ended 30 June 2023                                          Recurrent Revenue
                                                                                                                    Rates, Levies and Charges                                                                  3a                83,271     74,580
                                                                                                                    Fees and Charges                                                                           3b                 8,221      8,979

      Financial Statements Contents                                                                                 Sales Revenue
                                                                                                                    Grants, Subsidies, Contributions and Donations
                                                                                                                                                                                                               3c
                                                                                                                                                                                                               3d
                                                                                                                                                                                                                                 13,972
                                                                                                                                                                                                                                  7,469
                                                                                                                                                                                                                                            12,970
                                                                                                                                                                                                                                             9,038
                                                                                                                    Total Recurrent Revenue                                                                                   112,933     105,567
                                                                                                                    Capital Revenue
      Primary Financial Statements                   XX     Other Liabilities                                  XX
                                                                                                                    Grants, Subsidies, Contributions and Donations                                             3d                20,853     15,355
      Statement of Comprehensive Income              XX     Asset Revaluation Surplus                          XX   Total Capital Revenue                                                                                       20,853     15,355
      Statement of Financial Position                XX     Capital Commitments                                XX   Other Income
                                                                                                                    Rental Income                                                                                                 1,749      1,810
      Statement of Changes in Equity                 XX     Contingent Liabilities                             XX   Interest and Investment Revenue                                                            4a                 6,406      2,813
                                                                                                                    Equity share of profit (loss) in Associate through Participation Rights                    13                 5,846      6,508
      Statement of Cash Flows                        XX     Superannuation                                     XX
                                                                                                                    Other Income                                                                               4b                 2,641      2,923
                                                            Reconciliation of net result for the year to net        Capital Income                                                                             5                    765        400
                                                                                                                    Total Other Income                                                                                          17,407     14,454
      Notes to the Financial Statements                     cash inflow/(outflow) from Operating Activities    XX




                                                                                                                                                                                                                                                     Noosa Council Annual Report 2022 - 2023
                                                                                                                    Total Income                                                                                              151,193     135,376
      Information about these Financial Statements   XX     Events after the reporting period                  XX
                                                                                                                    Expenses
      Analysis of Results by Function                XX     Financial instruments and financial risk           XX
                                                                                                                    Recurrent Expenses
      Revenue                                        XX     management                                              Employee Benefits                                                                          6                 41,029     37,652
                                                                                                                    Materials and Services                                                                     7                 54,798     50,491
      Interest and Other Income                      XX     National Competition Policy                        XX   Finance Costs                                                                              8                  9,665      8,699
                                                                                                                    Depreciation and Amortisation:
      Capital Income                                 XX     Trust Funds                                        XX   - Property, Plant and Equipment                                                            15                19,890     17,854
                                                                                                                    - Intangible Assets                                                                        16                    48         50
      Employee Benefits                              XX     Transactions with Related Parties                  XX
                                                                                                                    - Right of Use Assets                                                                      18                    26         25
      Materials and Services                         XX                                                             Total Recurrent Expenses                                                                                  125,456     114,771
      Finance Costs                                  XX     Management Certificate                             XX   Other Expenses
                                                                                                                    Capital Expenses                                                                           9                  8,974      2,645
      Capital Expenses                               XX
                                                                                                                    Total Other Expenses                                                                                         8,974      2,645
      Cash, Cash Equivalents and Investments         XX     Independent Auditor's Report                       XX
                                                                                                                    Total Expenses                                                                                            134,430     117,416
      Receivables                                    XX
                                                                                                                    Net Result                                                                                                 16,763      17,960
      Other Assets                                   XX     Current Year Financial Sustainability
      Equity Investments                             XX     Statement                                          XX   Other Comprehensive Income
      Investment Property                            XX                                                        XX   Items that will not be reclassified to Net Result
                                                            Certificate of Accuracy
                                                                                                                    Increase/(Decrease) in Asset Revaluation Surplus                                         15,23               12,862    213,281
      Property, Plant and Equipment                  XX     Independent Auditor's Report - Current Year             Total Other Comprehensive Income for the year                                                               12,862    213,281
      Intangible Assets                              XX     Financial Sustainability Statement                 XX   Total Comprehensive Income for the year                                                                    29,625     231,241
      Contract Balances                              XX
                                                                                                                    The above statement should be read in conjunction with the accompanying notes and Significant Accounting Policies.
      Leases                                         XX     Unaudited Long Term Financial                      XX
      Payables                                       XX     Sustainability Sta tement                          XX
      Borrowings                                     XX     Certificate of Accuracy - Long Term Financial      XX
      Provisions                                     XX     Sustainability Statement

224                                                                                                                                                                                                                                                  225