Annual Report 2023-24

                             Noosa Council




                                                                                                                                                         Financial Performance
                             General Purpose Financial Statements
                             for the year ended 30 June 2024


      Financial Statements
                             §MainTOC§




                                         Table of Contents                                                                                   Page


      2023 – 2024                        Primary Financial Statements
                                         Statement of Comprehensive Income                                                                      3
                                         Statement of Financial Position                                                                        4
                                         Statement of Changes in Equity                                                                         5
                                         Statement of Cash Flows                                                                                6

                                         Notes to the Financial Statements

                                         1        Information about these Financial Statements                                                  7
                                         2        Analysis of Results by Function                                                               9
                                         3        Revenue                                                                                      11
                                         4        Interest and Other Income                                                                    14
                                         5        Capital Income                                                                               14
                                         6        Employee Benefits                                                                            15
                                         7        Materials and Services                                                                       15
                                         8        Finance Costs                                                                                16
                                         9        Capital Expenses                                                                             16
                                         10       Cash, Cash Equivalents and Investments                                                       16
                                         11       Receivables                                                                                  17
202                                      12       Other Assets                                                                                 20        203

                                         13       Equity Investments                                                                           20
                                         14       Investment Property                                                                          22
                                         15       Property, Plant and Equipment                                                                23
                                         16       Intangible Assets                                                                            32
                                         17       Contract Balances                                                                            32
                                         18       Leases                                                                                       33
                                         19       Payables                                                                                     36
                                         20       Borrowings                                                                                   37
                                         21       Provisions                                                                                   38
                                         22       Other Liabilities                                                                            39
                                         23       Asset Revaluation Surplus                                                                    40
                                         24       Capital Commitments                                                                          40
                                         25       Contingent Liabilities                                                                       40
                                         26       Superannuation                                                                               41
                                         27       Reconciliation of Net Result for the year to Net Cash Inflow/(Outflow) from Operating        42
                                                  Activities
                                         28       Events after the Reporting Period                                                            42




                                                                                                                                                         Noosa Council Annual Report 23/24
                                         29       Financial Instruments and Financial Risk Management                                          43
                                         30       National Competition Policy                                                                  46
                                         31       Trust Funds                                                                                  46
                                         32       Transactions with Related Parties                                                            47

                                         Management Certificate for the year ended 30 June 2024                                                49

                                         Independent Auditor's Report                                                                          50

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