Annual Report 2014-15

Statement of Financial Position
The Statement of financial position (or balance sheet) measures what Council owns (i.e. its
assets); and what we owe (i.e. liabilities) to determine the total community equity (net worth) at the
end of each financial year. Overall, Council’s investment in community capital improved in 2014/15.



Table 11 – Comparative statement of financial position summary

                                2013/14          2014/15
                                 ($’000)          ($’000)
Assets                        1,034,753        1,067,563
Liabilities                      61,253           60,508
Community Equity                973,500        1,007,054



The graph below shows Council’s cash and debt holdings as at 30 June 2015 compared to the
previous year. Cash levels for Council have increased whilst debt has been reducing which is
positive for the community.



Figure 4 – Cash and Debt Comparison ($’000)
  $60,000


  $50,000


  $40,000


  $30,000


  $20,000


  $10,000


       $-
                              Cash                                     Debt

                             2013/14 ($,000)                2014/15 ($,000)




Noosa Council Annual Report 2014/15                                                           Page 32