Annual Report 2014

NOOSA SHIRE COUNCIL                                                                                                                                                                                                                                       -
   Notes to the financial statements
“For the six months ending 30 June 2014
    18 Consolidated property, plant and equipment
                                                         Note           Land               Buildings      Plant and Equipment!   Road and Bridge        Storm Water        Other infrastructure | Works in progress         Total
                                                                                                                                     Network                                     Assets
    Basis of measurement                                   [Valuation |                   Valwation    | __Cost_            |      ‘Valuation     (| __—Valuation [Valuation                 [|       Cost,      TO
                                                                         2014                2014                2014                 2014                  2014                 2014                 2014                  2014
    Asset Values                                                          $                    $                   $                   Ss                     $                    S                    $                     $
      Assets transferred from de-amalgamated council                     159,859,939          60,480,551            7,397,557          550,252,152           $04,064,222           54,709,289            3,454,924           940,218,634
      Valuation adjustment on de-amatgamation             7(c}           (38,979,941)         44,015,208                -              64,818,214                                 21,284,899                                 102,577,950
      Additions at cost                                                       59,389              50,201              83,376               587,305               72,083             1,503,739             384,564              2,740,657
      Internat transfers from work in progress                                 5,679                -                  8,121                14,973                                       -                 (75,698)                 -
     Disposals                                              6    |                                  -                  (3,003)                - |                                        -                                         (3,003)
      Write-offs                                            12                                      -                  (7.966)                                                       (118.131)                :                 (454.838)
      Closing gross value as at 30 June 2014
    Accumulated depreciation and impairment
      Opening balance as at 1 July 2013                          [te                                oa                  °                     :                                          -                                          -                                  :
      Valuation adjustment on de-amalgamation              wey |                              14,436,757                 -              85,310,404            42,899,233          21,666,226                                  164,012,705                              :
      Depreciation provided in period                       uf                                   749,306 |           244,723             4,462,163                                   1,390,772                     _           7,758,146
      Depreciation on disposals                             6 po                                    -                     (76)                -   |        tid                           :                                            (76)                             :
      Depreciation on write-ofls                            2                                       -                  (1,845)             (91,843)                                   (33.761)                                  (138,894
      Accumulated depreciation as at 30 June 2014                PS CdECSSC~«dS 8G GS [TO [89,680,724 [43,498,670 [23,023,238]                                                                                               171 631,881
      Total written down value as at 30 June 2044
    Range of estimated useful life in years                      F Not depreciated |       30-100,      |       3-20      ~=|       10-100]                 80         |     200d
    Addition of other assets                                                  59,389                                                       97,983                   -                  3,820                                    1,483,390
    Total additions in period
    * ARS denotes - Assct Revaluation Surplus

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