Annual Report 2023-24

      Noosa Council




                                                                                                                                                                                                                                                                                    Financial Performance
                                                                                                                                          Noosa Council
      Statement of Financial Position                                                                                                     Statement of Changes in Equity
      as at 30 June 2024                                                                                                                  for the year ended 30 June 2024
      §Statement§




                                                                                                                                          §Note/Subtotal§
                                                                                                                                          §Subnote§




      $ '000                                                                                  Notes                2024         2023                                                                                                    Asset
                                                                                                                                                                                                                                   Revaluation        Retained           Total
      Assets                                                                                                                              $ '000                                                                          Notes       Surplus          Surplus          Equity
      Current assets
      Cash and Cash Equivalents                                                                 10               76,126       76,507
      Investments                                                                                                                         Balance as at 1 July 2023                                                                     334,616      1,044,817       1,379,433
                                                                                                10               30,000       40,000
      Receivables                                                                               11               19,151       12,223
      Inventories                                                                                                   237          198      Net Result                                                                                           –            46,822      46,822
      Contract Assets                                                                           17                6,962          958
      Other Assets                                                                              12                1,102        2,854
                                                                                                                                          Other Comprehensive Income for the year
      Total Current Assets                                                                                     133,578      132,740       - Increase/(Decrease) in Asset Revaluation Surplus                               15           (18,509)                –      (18,509)
      Non-Current Assets                                                                                                                  Other Comprehensive Income                                                                    (18,509)                –      (18,509)
      Receivables *                                                                             11               49,218       49,218
                                                                                                                                          Total Comprehensive Income for the year                                                      (18,509)         46,822         28,313
      Equity Investments                                                                        13              103,744       99,580
      Investment Property                                                                       14                3,750        4,000      Balance as at 30 June 2024                                                                   316,107      1,091,639        1,407,746
      Intangible Assets                                                                         16                  238          607
      Property, Plant and Equipment                                                             15            1,232,917    1,211,041
      Right of Use Assets                                                                       18                1,122           39
      Total Non-Current Assets                                                                               1,390,989    1,364,485       Balance as at 1 July 2022                                                                     321,754      1,028,054       1,349,808

      Total Assets                                                                                         1,524,567      1,497,225
                                                                                                                                          Net Result                                                                                           –            16,763      16,763
      Liabilities
      Current Liabilities                                                                                                                 Other Comprehensive Income for the year
      Payables                                                                                  19               24,824       10,248      - Increase/(Decrease) in Asset Revaluation Surplus                               15            12,862                 –       12,862
      Contract Liabilities                                                                      17                8,167       24,643      Other Comprehensive Income                                                                     12,862                 –       12,862
      Borrowings                                                                                20                1,406        1,262
206   Lease Liabilities                                                                         18                  235           23      Total Comprehensive Income for the year                                                       12,862          16,763         29,625       207
      Provisions                                                                                21               11,727        8,880
      Other Liabilities                                                                         22                9,334        8,931      Balance as at 30 June 2023                                                                   334,616      1,044,817        1,379,433
      Total Current Liabilities                                                                                 55,693       53,987
                                                                                                                                          The above statement should be read in conjunction with the accompanying notes and material accounting policies.
      Non-Current Liabilities
      Borrowings                                                                                20               23,449       23,083
      Lease Liabilities                                                                         18                  917           18
      Provisions                                                                                21               31,559       32,474
      Other Liabilities                                                                         22                5,203        8,230
      Total Non-Current Liabilities                                                                             61,128       63,805

      Total Liabilities                                                                                       116,821      117,792
      Net Community Assets                                                                                 1,407,746      1,379,433
      Community Equity
      Asset Revaluation Surplus                                                                 15              316,107      334,616
      Retained Surplus/(Deficiency)                                                                           1,091,639    1,044,817
      Total Community Equity                                                                               1,407,746      1,379,433
      The above statement should be read in conjunction with the accompanying notes and material accounting policies.




                                                                                                                                                                                                                                                                                    Noosa Council Annual Report 23/24
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