Annual Report 2014-15

Assets – what we own
Current Assets are represented by cash, investments, inventories and receivables (money owed to
Council). Council’s current assets as at 30 June 2015 equated to $59.5 million.

Non-Current assets of over $1 billion, includes property, plant and equipment totalling $887 million,
as well as the value of Council’s investment in Unitywater. Property, plant and equipment
represents community infrastructure including roads, bridges, stormwater and buildings, as well as
other operational assets owned and controlled by Council.

The main non-current asset categories and their respective values are shown in the following
figure.

Figure 5 – Non-Current Assets & Community Infrastructure ($’000)

                               Other       Work in
                                                         Land &
                          Infrastructure, Progress,
                                                      Improvements,
                             $57,292       $7,396
                                                        $119,514
           Stormwater &                                            Buildings,
             Drainage                                               $60,383
             Network,
             $112,374
                                                                    Plant &
        Intangible                                                 Equipment,
      Assets, $2,701                                                 $7,519




                                        Road & Bridge
                                          Network,
                                          $522,601




Liabilities – what we owe
Money owed by Council is shown as both current and non-current liabilities in the statement of
financial 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. The most
significant element is loans raised by Council to fund the investment in community infrastructure.



Statement of Changes in Equity
The statement of changes in equity illustrates how the net worth has changed as a result of
Council’s operations through the period. Council’s total community equity as at 30 June 2015 is
$1.08 billion. Community equity is equal to total assets (what we own) less total liabilities (what we
owe) and represents Council’s investment in assets.




Noosa Council Annual Report 2014/15                                                           Page 33