Annual Report 2023-24

      Noosa Council




                                                                                                                                         Financial Performance
      Notes to the Financial Statements
      for the year ended 30 June 2024

      Note 15. Property, Plant and Equipment (continued)
      §Note/Subtotal§




      (1) The following table presents all assets and liabilities that have been measured and recognised at fair
      values:

                                                                                          Fair value measurement using
                                                                                               Level 2      Level 3
                                                                         Date of latest     Significant  Significant
                                                                       Comprehensive        observable unobservable
      $ '000                                                                Valuation           inputs       inputs            Total

      2024
      Property, Plant and Equipment
      Land                                                                   30/06/2022        135,187       176,754         311,941
      Buildings                                                              30/06/2020              –        75,073          75,073
      Road and Bridge Network                                                30/06/2023              –       538,265         538,265
      Storm Water                                                            30/06/2024              –       148,533         148,533
      Other Infrastructure Assets                                            30/06/2021              –        54,133          54,133
      Investment Property                                                    30/06/2024          3,750             –           3,750
      Total Property, Plant and Equipment                                                     138,937       992,758      1,131,695

      2023
      Property, Plant and Equipment
      Land                                                                   30/06/2022        135,187       175,104         310,291
      Buildings                                                              30/06/2020              –        72,234          72,234
      Road and Bridge Network                                                30/06/2023              –       538,316         538,316
      Storm Water                                                            30/06/2020              –       169,259         169,259
      Other Infrastructure Assets                                            30/06/2021              –        49,966          49,966
232                                                                                                                                      233
      Investment Property                                                    30/06/2023          4,000             –           4,000
      Total Property, Plant and Equipment                                                     139,187     1,004,879      1,144,066

      (2) Transfers between level 1 and level 2 fair value hierarchies
      §Subnote§




      During the year, there were no transfers between Level 1 and Level 2 Fair Value hierarchies for recurring fair value
      measurements.

      Council's policy for determining transfers between fair value hierarchies is at the end of the reporting period.




                                                                                                                                         Noosa Council Annual Report 23/24
      continued on next page ...                                                                                         Page 27 of 60