2016-11-14 General Committee Meeting Notes

GENERAL COMMITTEE MEETING AGENDA   14 NOVEMBER 2016

                                        Attachment 2




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GENERAL COMMITTEE MEETING AGENDA                                                                   14 NOVEMBER 2016

                                                                                                             Attachment 2
   Noosa Council
   Statement of Financial Position
   For the Year Ended 30 June 2017
   As at 08-Nov-2016
                                                                                        Consolidated
                                                                2017 Year End
                                                                  Forecast                2017 YTD                   2016
                                                     Note            $                        $                       $
   Current Assets
         Cash and cash equivalents                                    50,163,274               66,416,048              52,586,475
         Trade and other receivables                                   8,315,517                6,676,548               5,946,062
         Inventories                                                     104,025                  163,309                 156,056
         Other current assets                                            668,000                  744,487               2,628,892
                                                                      59,250,816               74,000,392              61,317,486
         Non Current Assets held for sale                                       -                       -                        -
   Total Current Assets                                               59,250,816               74,000,392              61,317,486

   Non Current Assets
         Trade and other receivables                                  49,217,517               49,217,517              49,217,517
         Other non current Assets                                               -                       -                        -
         Investments                                                  60,978,225               60,978,225              60,978,225
         Investment property                                           3,831,234                4,150,000               4,150,000
         Property, plant and equipment                               940,511,084             904,636,520              906,665,451
         Intangible assets                                             3,502,623                2,650,435               2,613,761
   Total Non Current Assets                                        1,058,040,682            1,021,632,698           1,023,624,954
   Total Assets                                                    1,117,291,498            1,095,633,089           1,084,942,440

   Current Liabilities
         Trade and other payables                                      4,460,191                6,720,844               7,887,760
         Borrowings                                                    3,079,477                3,438,029               2,932,289
         Provisions                                                    5,090,852                2,607,240               4,328,513
        Other                                                            390,000                  624,377                 537,888
   Total Current Liabilities                                          13,020,520               13,390,490              15,686,451
   Non Current Liabilities
         Trade and other payables                                               -                       -                        -
         Borrowings                                                   34,362,811               32,952,158              35,186,158
        Provisions                                                     8,410,678                9,082,779               9,082,779
   Total Non Current Liabilities                                      42,773,489               42,034,938              44,268,938
   Total Liabilities                                                  55,794,009               55,425,427              59,955,389

   Net Community Assets                                            1,061,497,489            1,040,207,662           1,024,987,051

   Community Equity
         Asset Revaluation Surplus                                    47,237,401               24,518,021              24,518,021
         Retained Surplus / (Defeciency)                                        -                       -                        -
         Shire Capital                                             1,014,260,088            1,000,469,031             987,372,510
         Current Year Net Earnings                                              -              15,220,610              13,096,521
   Total Community Equity                                          1,061,497,489            1,040,207,662           1,024,987,051

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