FINANCIAL PERFORMANCE REPORT – FEBRUARY 2025 · Attachment 2 Statement of Financial Position - Feb 2025

Attachment 2 - Statement of Financial Position

    Noosa Council
    Statement of Financial Position
    For the Year Ended 30 June 2025
    As at 28 February 2025
                                                 2025 Year End
                                                      Forecast    2025 YTD          2024
                                                        ($'000)      ($'000)      ($'000)
    Current Assets
          Cash and cash equivalents                     91,652      135,640      106,127
          Trade and other receivables                   13,073       20,382       19,151
          Inventories                                      237          248          237
          Contract Assets                                    -        6,961        6,961
          Other current assets                           1,102        3,151        1,102
    Total Current Assets                               106,064      166,382      133,578

    Non Current Assets
          Trade and other receivables                   49,218       49,218       49,218
          Other non current Assets                           -            -            -
          Investments                                  103,744      103,744      103,744
          Investment property                            3,750        3,750        3,750
          Property, plant and equipment              1,385,006    1,269,444    1,232,917
          Right of Use Assets                            1,122        1,123        1,122
          Intangible assets                                195          209          238
    Total Non Current Assets                         1,543,034    1,427,487    1,390,989

    Total Assets                                     1,649,099    1,593,868    1,524,567

    Current Liabilities
          Trade and other payables                       9,530       20,752       24,824
          Contract Liabilities                           4,000        8,167        8,167
          Borrowings                                     1,228           -1        1,406
          Lease Liablities                                  23          235          235
          Provisions                                     8,103        9,107       11,727
          Other                                          9,546        4,380        9,334
    Total Current Liabilities                           32,430       42,640       55,693

    Non Current Liabilities
          Borrowings                                    22,436       23,449       23,449
          Lease Liabilities                                 17          917          917
          Provisions                                    35,183       31,559       31,559
          Other                                          6,103        5,203        5,203
    Total Non Current Liabilities                       63,739       61,128       61,128

    Total Liabilities                                   96,169      103,767      116,820

    Net Community Assets                            1,552,929     1,490,101    1,407,746

    Community Equity
        Asset Revaluation Surplus                      363,820      316,106      316,106
        Retained Surplus / (Defeciency)                      -            -            -
        Shire Capital                                1,189,109    1,091,660    1,044,817
        Current Year Net Earnings                            -       82,335       46,822
    Total Community Equity                          1,552,929     1,490,101    1,407,746