FINANCIAL PERFORMANCE REPORT – JUNE 2023 · Attachment 2 Statement of Financial Position - Jun 2023

ATTACHMENT 2 - STATEMENT OF FINANCIAL POSITION

Noosa Council
Statement of Financial Position
For the Year Ended 30 June 2023
As at 30 June 2023
                                         2023 Year End
                                              Forecast    2023 YTD          2022
                                                ($'000)      ($'000)      ($'000)
Current Assets
     Cash and cash equivalents                  87,599      115,373       98,501
     Trade and other receivables                11,356        8,421       10,507
     Inventories                                   144          140          143
     Contract Assets                                 -            -            -
     Other current assets                        2,898        6,114        2,898
                                               101,997      130,048      112,049
      Non Current Assets held for sale               -            -            -
Total Current Assets                           101,997      130,048      112,049

Non Current Assets
      Trade and other receivables               49,343       49,343       49,343
      Other non current Assets                       -            -            -
      Investments                               96,515       96,515       96,515
      Investment property                        3,300        3,300        3,300
      Property, plant and equipment          1,241,404    1,204,145    1,182,177
      Right of Use Assets                           64           64           64
      Intangible assets                            601          633          392
Total Non Current Assets                     1,391,227    1,353,999    1,331,791

Total Assets                                 1,493,225    1,484,047    1,443,840

Current Liabilities
      Trade and other payables                   8,326       12,376       15,982
      Contract Liabilities                       3,830        3,830        3,830
      Borrowings                                 1,081          231        1,186
      Lease Liablities                              26           26           26
      Provisions                                 8,103        7,835        9,758
      Other                                      2,805        7,862        7,803
Total Current Liabilities                       24,171       32,159       38,585

Non Current Liabilities
      Borrowings                                29,110       24,114       24,114
      Lease Liabilities                             40           41           41
      Provisions                                24,121       22,460       22,466
      Other                                      8,826        8,826        8,826
Total Non Current Liabilities                   62,097       55,441       55,446

Total Liabilities                               86,268       87,600       94,032

Net Community Assets                        1,406,956     1,396,448    1,349,808

Community Equity
    Asset Revaluation Surplus                  343,707      321,755      321,755
    Retained Surplus / (Defeciency)                  -            -            -
    Shire Capital                            1,063,249    1,028,053    1,010,093
    Current Year Net Earnings                        -       46,640       17,960
Total Community Equity                      1,406,956     1,396,448    1,349,808