Annual Report 2014

NOOSA SHIRE COUNCIL

Notes to the financial statements
For the six months ending 30 June 2014                                                                Consolidated           Council
                                                                                                         2014                 2014
                                                                                          Note             $                    $
 31  Depreciation and amortisation                                                        1.18¢e)
          (a) Depreciation of non-current assets
              Buildings                                                                                      749,306             749,306
               Plant and Equipment                       *                                                   244,723             244,723
               Road and Bridge Network                                                                     4,462,163           4,462,163
               Storm Water                                                                                   OLE,182             911,182
               Other Infrastructure Assets                                                                  1,390,772          1,390,772
                                                                                                            7,758,146          7,758,146

          {b) Amortisation of other intangible asscts
               Computer Software                                                                              21,509              21,509
                                                                                                              21,509              21,509

     Total depreciation and amortisation                                                                    7,779,655          7,779,655

  12 Capital expenses
          Loss on write-off of capital assets                                               13               315,945             315,945
          Total capital expenses                                                                             315,945             315,945

  13  Loss on write-off of capital assets are as follows:
             Plant and Equipment                                                                                6,421              6,421
             Road and Bridge Network                                                                         209,094             209,094
             Stonn Water                                                                                       16,059             16,059
             Other Infrastructure Assets                                                                       84,371             84.371
                                                                                            12               315,945             315,945

  14  Cash assets and cash equivalents                                                     1.11
          Cash at bank and on hand                                                                             77,994             77,994
          Deposits at call                                                                                 31,045,060         31,045,060
          Less QTC working capital toan facility                                                           (2,230,042)        (2,230,042)
          Total cash and cash equivalents per cash flow statement                                         28,893,012          28,893,012

          Councils cash and cash equivalents are subject to a number of internal and extemal restrictions that limit amounts available for
          discretionary or future use. These include:

          Externally imposed expenditure restrictions at the reporting date relate to the following assets:
          Unspent joan monies                                                                                 128,138            128,138
          Unspent government grants and subsidies                                                              38,926             38,926
          Intemally imposed expenditure restrictions at the reposting date relate to the following assets:
          Future capital works                                                                              3,037,105          3,037,105
          Future asset replacement                                                                            573,182            573,182
          Future constrained works                                                                          7,596,659          7,596,659
          Future recurrent expenditure                                                                      9,259,193          9,259,193
          Total unspent restricted cash held in reserves                                                   20,633,203         20,633,203

          Cash and deposits at call are held in the Commonwealth Bank in a nonnal business
          cheque account. On call accounts are also held with QTC.
          Deposits at call eamed fixed interest over varying terms at interest rates of between
          2.95% and 3.35%.

                                                                                                                 certified statements
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