Annual Report 2014

NOOSA SHIRE COUNCIL
    Notes to the financial statements
    For the six months ending 30 June 2014                                                                                                                                                                                  rrr
    18 Council property, plant and equipment
                                                                 SSE
                                                          Note          Land               Buildings       Plant and Equipment}   Road and Bridge        Storm Water       Other Infrastructure 7 Works in progress         Total
    Basis of measurement                                    [Valuation              |     Valuation     | ___—Cost_         | _‘Valuation          ‘| —Valuation [Valuation                  of       Cost         |
                                                                         2014                 2014                2014                 2014                 2014                  2014                 2014                  2014
    Asset Values                                                           $s                  $                    $                    §                    $                     $                    $                    §
       Assets transferred from de-amalgamated council                    159,859.939          60,480,551            7,397,557          550,252,152           104,064,222            54,709,289           3,454,924            940,218,634
       Valuation adjustment on de-amalgamation             Hc}           (38,979,941)          14,015,208                -              64,818,214                                21,284,899           (2.241.057)            102,577,950
       Additions at cost                                                      59,389               50,201              83,376              587,305                72,083             1,503,739             384,564              2,740,657
       Internal transfers from work in progress                                5,679                 :                                       14,973               46,924                  :                (75.698)                  -
      Write-offs                                            {2                                                         {7.966}             (300,937)             (27,804)             (118,131)               -                  (454,838)
       Closing gross vatue as at 30 June 2014
    Accumulated depreciation and impairment
       Opening balance as at 1 July 2013                                                             -                   -    |e |                                  -                     -    [|                                    :
       Valuation adjustment on de-amalgamation             7(c)                                14,436,757                -              85,310,404            42,599,233            21,666,226                                164,012,705
       Depreciation provided in period                      {1                                   749,306              244,723            4,462,163               911,182             1,390,772 |                                7,758,146
       Depreciation on disposals                            6   pa                                   -        .           (76)                 -                    -                     -
       Depreciation on write-offs                           12                                         dT               SAS                 (91,843)             (11,745)              (33,761)                                  (138,894)
       Accumulated depreciation as at 30 June 2014               LE                           1586063]               243102 [—_—~89,680,724 fF                43.a9a.670 [23,023.238 [171.6388 |
       Total written down value as at 30 June 2014
    Range of estimated useful life in years                     fr Notdepreciated |        30-100       [3-20]                      10120                                            00
    Addition of other assets                                                  59,389              50,201               83,376               97,983                  -                    3,820                                  1,483,390
    Total ations in period                                                   593389               s0g0                    16 [50305 [Fs [508.799                                                           98S                   985
    * ARS denotes - Asset Revaluation Surpins

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