Annual Report 2023-24

      Assets                                                                                                                  Liabilities




                                                                                                                                                                                                                                                         Financial Performance
      – what we own                                                                                                           – what we owe
      Current assets are represented by cash, investments, inventories and receivables (money                                 Money owed by Council is presented as both current and non-current liabilities in the statement of financial
      owed to Council). Council’s current assets as at 30 June 2024 equated to $133.6 million.                                position. Current liabilities are those amounts that are payable by Council within the next twelve months,
                                                                                                                              and non-current liabilities are payable beyond the twelve month horizon.
      Non-current assets of $1.4 billion includes property, plant and equipment totalling $1.2 billion,
      as well as the value of Council’s investment in Unitywater. Property, Plant and Equipment                               The most significant elements are loans raised by Council to fund investment in community infrastructure
      represents community infrastructure which includes roads, bridges, stormwater, buildings,                               and provisions for future landfill restoration works. Total loans increased as funds were drawn down to fund
      land and other operational assets owned and controlled by Council.                                                      infrastructure works relating to the landfill expansion. Council’s annual loan repayment schedule was met.


      The main non-current asset categories and their respective values are shown in the Figure 8.
                                                                                                                              Statement of
      Figure 8
      Non-Current Assets and Community Infrastructure 2023/24 ($’000)
                                                                                                                              Changes in Equity
                                                                                                                              The Statement of Changes in Equity illustrates how the net worth of Council has changed as a result of
                                                            Work in Progress                                                  activities undertaken during the period. Council’s total community equity as at 30 June 2024 is $1.4 billion.
                                                            $96,119

                        Parks & Other Infrastructure                                                                          Community equity is equal to total assets (what we own) less total liabilities (what we owe) and represents
                        $54,133
                                                                                                                              Council’s net investment in assets.
                                                                                                  Land & Improvements
                                                                                                  $311,941
                                                                                                                              Figure 9 shows the movement in Community Equity since the De-Amalgamation of Council in 2014.
194   Stormwater & Drainage Network                                                                                                                                                                                                                      195
      $148,533
                                                                                                                              Figure 9
                                                                                                                              Community Equity Movement

               Intangible Assets
               $238
                                                                                                                              $1,600,000

                                                                                                                              $1,400,000

                                                                                                            Buildings         $1,200,000
                                                                                                            $75,073
                                                                                                                              $1,000,000

                                                                                                          Plant & Equipment    $800,000
                                                                                                          $8,853
                                                                                                                               $600,000

                                                                                                                               $400,000

                                                                                                                               $200,000

                                                                                                                                     $0




                                                                                                                                                                                                                                                         Noosa Council Annual Report 23/24
                                                                                                                                           2013/14   2014/15   2015/16   2016/17   2017/18   2018/19   2019/20   2020/21   2021/22   2022/23   2023/24
                                                       Road & Bridge Network
                                                       $538,265