FINANCIAL PERFORMANCE REPORT – OCTOBER 2023 · Attachment 2 Statement of Financial Position - Oct 2023

Attachment 2 - Statement of Financial Position

Noosa Council
Statement of Financial Position
For the Year Ended 30 June 2024
As at 31 October 2023
                                                                   Consolidated
                                                2024 Year End
                                                   Forecast         2024 YTD          2023
                                         Note         $                $               $
Current Assets
     Cash and cash equivalents                            85,677           126,379           116,506
     Trade and other receivables                          12,219            12,173            10,728
     Inventories                                             144               210               198
     Contract Assets                                           -               958               958
     Other current assets                                  2,898             5,596             4,377
                                                         100,938           145,316           132,767
      Non Current Assets held for sale                         -                 -                 -
Total Current Assets                                     100,938           145,316           132,767

Non Current Assets
      Trade and other receivables                         49,343             49,218         49,218
      Investments                                         96,515             96,515         96,515
      Investment property                                  3,300              4,000          4,000
      Property, plant and equipment                    1,279,024          1,221,339      1,211,039
      Right of Use Assets                                     64                 39             39
      Intangible assets                                      613                703            608
Total Non Current Assets                               1,428,859          1,371,814      1,361,418

Total Assets                                           1,529,798          1,517,130      1,494,185

Current Liabilities
      Trade and other payables                             9,036            13,869            10,539
      Contract Liabilities                                 3,830            24,432            24,432
      Borrowings                                           1,365               636             1,262
      Lease Liablities                                        26                23                23
      Provisions                                           8,103             6,404             8,601
      Other                                                2,804             6,515             8,945
Total Current Liabilities                                 25,165            51,879            53,803

Non Current Liabilities
      Borrowings                                          30,924            23,083            23,083
      Lease Liabilities                                       40                17                17
      Provisions                                          24,121            31,860            32,474
      Other                                                8,826             8,230             8,230
Total Non Current Liabilities                             63,911            63,191            63,805

Total Liabilities                                         89,076           115,070           117,608

Net Community Assets                                  1,440,722          1,402,060      1,376,577

Community Equity
    Asset Revaluation Surplus                            366,639            334,616        334,616
    Shire Capital                                      1,074,082          1,028,053      1,023,262
    Current Year Net Earnings                                  -             39,391         18,699
Total Community Equity                                1,440,722          1,402,060      1,376,577