Annual Report 2014-15

NOOSA SHIRE COUNCIL
Notes to the financial statements
For the year ended 30 June 2015
13 Property, plant and equipment - prior year
                                           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__—s«{~— Valuation [Valuation [Valuation =| = Cost = [|                                                     Cd
                                                        2014            2014             2014             2014             2014              2014             2014             2014
                                                     {6months}        (6months)       (6months)        (6months)         (6months)        (6months)        {6months)         {6months)
Asset Values                                             $                $               $                $                 $                $                 $                $
  Opening gross value as at 1 July 2013               159,859,939      60,480,551       7,397,557       $50,252,152       104,064,222       54,709,289        3,454,924       940,218,634
  Valuation adjustment on de-amalgamation    5                         14,015,208             -          64,818,298        43,680,543       21,284,899       (2,241,057)      102,577,950
  Additions at cost                                       59,389          50,201            83,376          587,305                           1,503,739         384,564          2,740,657
  Internal transfers from work in progress                  5,679            -               8,121           14,973            46,924             :             (75,698)             -
  Disposals                                                                  -              (3,003)            :                 :                :                                 (3,003)
 Write-offs                                                                  -               7,966          300,937            27,804          118,131             -              454,838
  Closing gross value as at 30 June 2014
Accumulated depreciation and impairment
  Opening balance as at 1 July 2013               _-—__—                     -                -                -                 -                -                                  -
  Valuation adjustment on de-amalgamation    5                         14,436,757             -          85,310,488        42,599,233       21,666,226                        164,012,705
  Depreciation provided in period            8                            749,306          244,723         4,462,163          911,182         4,390,772                          7,758,146
  Depreciation on disposals                                                  -                 (76)            -                 -                :                                    76
  Depreciation on write-offs                                                 -              (1,545}          (91,843)          11,745           33,761                            (138,894)
  Accumulated depreciation as at 30 June 2014    [|                   45,786,063          243,102 |     89,680,808 |       43,498.670[      23,023,238,                       171,637,881 |
  Total written down value as at 30 June 2014
Range of estimated usefut life in years          | Notdepreciated[    30-100     |     3-20 =|          10-120 =]                         t2-100—§ {CCC
Addition of other assets                                   59,389          50,201           83,376           97,983              :               3,820        1,188,621          1,483,390
Total additions in period
* ARS denotes - Asset Revaluation Surplus

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