2018-06-21 Ordinary Meeting Agenda

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Noosa Council                                                                                      ATTACHMENT 2
Statement of Financial Position
For the Year Ended 30 June 2018
As at 31 May 2018
                                                                    Current                Actual                   Actual
                                                                    Budget                    YTD                Full Year
                                                                       2018                   2018                   2017
                                                                     ($'000)                ($000)                 ($'000)
Current Assets
      Cash and cash equivalents                                      48,418                  72,514                 65,463
      Trade and other receivables                                      8,381                  6,692                  7,101
      Inventories                                                       156                    323                     330
      Other current assets                                              468                   1,631                  2,796
                                                                     57,424                  81,160                 75,690
      Non Current Assets held for sale                                     -                      -                       -
Total Current Assets                                                 57,424                  81,160                 75,690
Non Current Assets
      Trade and other receivables                                    49218                   49,218                 49,218
      Other non current Assets                                             -                      -                       -
      Investments                                                    69,141                  60,978                 60,978
      Investment property                                             4,150                   4,405                  4,405
      Property, plant and equipment                                 935,214                 916,677                913,152
      Intangible assets                                                3,837                  4621                   3,497
Total Non Current Assets                                           1,061,560              1,035,899               1,031,249
Total Assets                                                       1,118,984              1,117,059               1,106,939
Current Liabilities
      Trade and other payables                                        4,501                   8,973                 11,819
      Borrowings                                                       3,040                   515                   3,745
     Provisions                                                       4,394                   2,550                  4076
     Other                                                             548                     455                     645
Total Current Liabilities                                             12,483                 12,493                 20,285
Non Current Liabilities
      Trade and other payables                                             -                      -                       -
      Borrowings                                                     35,005                  34,291                 34,291
     Provisions                                                        9,305                  9,879                  9,843
Total Non Current Liabilities                                       44,310                  44,169                  44,133
Total Liabilities                                                    56,793                 56,663                  64,418
Net Community Assets                                              1,062,191              1,060,397               1,042,521
Community Equity
     Asset Revaluation Surplus                                       46,961                  26,892                 26,892
      Retained Surplus / (Defeciency)                                      -                      -                       -
      Shire Capital                                                1,015,230              1,015,629               1,000,677
      Current Year Net Earnings                                            -                 17,877                 14,951
Total Community Equity                                            1,062,191              1,060,397               1,042,521

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