Annual Report 2014-15

NOOSA SHIRE COUNCIL
 Notes to the financial statements
For the year ended 30 June 2015
 13 Property, plant and equipment
                                             Note         Land          Buildings         Plant and      Road and Bridge    Storm Water           Other           Works in            Total
                                  -                                                       Equipment         Network                           Infrastructure      progress
                                                                                                                                                 Assets
 Basis of measurement                            | Valuation {Valuation              [|     Cost__ |       Valuation __f_—Valuation        |   Valuation |         Cost        [Cd
                                                          2015             2015             2015              2015              2015              2015              2015              2015
 Asset Values                                               $                $                $                 $                 $                 $                $                 $
   Opening gross vatue as at 1 July 2014                 120,945,066      74,545,960         7,478,085      615,371,792        147,835,968        77,379,795        1,522,733      1,045,079,399
   Minor correction to opening balance         27                            174,067              -            1,500,947              :                 -                -             1,675,014
   Additions at cost                                         789,083          62,352         1,374,301         3,944,045            15,010         3,215,079        5,939,431         15,339,301
   Contributed assets at valuation                                               :                :            1,251,001         1,187,113              -                -             2,438,114
   Internal transfers from work in progress                                      -                -                 -                 -               66,306          (66,306)        :     :
   Disposals                                                                     -            (498,802)             -                 -                 -                -              (498,802)
  Write-offs                                                                  (75,484)|           -             (941,142)             :             (217,767)            -            (1,234,393)
   Revaluation adjust to other comprehensive   19
   income. (ARS*)                                                           §,627,092             -                 -           12,930,121              -                -            18,457,213
   Internal transfers to other asset classes                               2,479,014              -                 -                 -                                  :                  :
   Transfer to investment properties                       2,220,000        1,769,877             -                 :                 :                                  :             3,989,877
   Closing gross value as at 30 June 2015
 Accumulated depreciation and impairment                     ot
   Opening balance as at 1 July 2014                                       15,186,063         243,102         89,680,808        43,498,670        23,023,238                         171,631,881
   Depreciation provided in period              8                           1,457,212         622,843          9,128,475         1,861,015        2,599,097                           15,668,642
   Depreciation on disposals                                                     :      :      (31,009)             -                 -                 -                                (31,009)
   Depreciation on write-offs                                                 (25,077)            -             (283,032)             :             (133,950)                           (442,059)
   Revaluation adjust to other comprehensive   19                                                                                                                                 :
   income. (ARS*}                                                            (111,363)            :                 -            4,234,469              -                              4,123,106
   Internal transfers to other asset classes                                 (141,546)            -                 -                 -              141,546                                :
   Transfer to investment properties                                         763,158              :                 :                 -                 :                                763,158
   Accumulated depreciation as at 30 June 2015      [15,602,131]                             834,936]       98,526,251]        49,594,154]       25,629,031]                        190,187,403 |
 Consolidated written down value 30 June 2045
 Range of estimated useful life in years          [Notdepreciated|       3-72       |     1-50      |       0-150      |      17-100      |     0-100 |                     +i.     ———s—si
 Addition of other assets                                    789,083             -              36,408         1,274,260         1,191,616         2,612,798        1,672,243          7,576,408
 Tatal additions in period

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