Annual Report 2023-24

      Noosa Council




                                                                                                                                                                                                                 Financial Performance
      Unaudited Long Term Financial Sustainability Statement (continued)
      §Note/Subtotal§
      §Total§




                                                                             Target     Actual                                                   Forecast
                                                                              2024       2024       2025       2026      2027       2028       2029    2030         2031        2032     2033        2034

      Asset Management

      4. Asset Sustainability Ratio
      Capital Expenditure on replacement of Infrastructure Assets
      (renewals)                                                             Greater
                                                                            than 80%
                                                                                       119.18% 105.41% 135.87%          90.09%     95.86%    105.10%    80.59%     83.21%       88.01%   87.08%     87.77%
      Depreciation expenditure on Infrastructure Assets

      The asset sustainability ratio approximates the extent to which the infrastructure assets managed by a council are being replaced as they reach the end of their useful lives.


      5. Asset Consumption Ratio
      Written down Replacement Cost of Depreciable Infrastructure
      Assets                                                                 Greater
                                                                            than 60%
                                                                                        71.18%     70.67%     70.07%    69.05%     68.03%     67.02%    65.87%     64.79%       63.70%   62.61%     61.56%
      Current Replacement Cost of Depreciable Infrastructure Assets

      The asset consumption ratio approximates the extent to which council's infrastructure assets have been consumed compared to what it would cost to build a new asset with the same
      benefit to the community.


      Debt Servicing Capacity

      6. Leverage Ratio
      Book value of Debt
                                                                              0-3          0.8        1.3        1.2       1.1        1.1        1.1       1.0        0.9         0.8      0.7         0.7
      Total Operating Revenue less Total Operating Expenditure add            times      times      times      times     times      times      times     times      times       times    times       times
      Depreciation and Amortisation

      The leverage ratio is an indicator of a council's ability to repay its existing debt. It measures the relative size of the council's debt to its operating performance.
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                                                                                                                                                                                                                 Noosa Council Annual Report 23/24