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Annual Report 2019-20
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Noosa Shire Council
Statement of Comprehensive Income
for the year ended 30 June 2020
2020 2019
Notes $'000 $'000
Income
Revenue
Recurrent Revenue
Rates, Levies and Charges 3a 69,237 66,453
Fees and Charges 3b 6,444 7,059
Sales Revenue 3c 8,486 9,726
Grants, Subsidies, Contributions and Donations 3d 5,446 5,447
Total Recurrent Revenue 89,613 88,685
Capital Revenue
Grants, Subsidies, Contributions and Donations 3d 8,400 8,696
Total Capital Revenue 8,400 8,696
Other Income
Rental Income 18 1,003 1,281
Interest and Investment Revenue 4b 3,937 4,763
Equity share of profit (loss) in Associate through Participation Rights 12 6,094 6,452
Other Income 4a 2,691 2,698
Total Other Income 13,725 15,194
Total income 111,738 112,575
Expenses
Recurrent Expenses
Employee Benefits 5 32,996 31,962
Materials and Services 6 42,394 38,893
Finance Costs 7 4,688 5,146
Depreciation and Amortisation:
- Property, Plant and Equipment 14 16,063 15,489
- Intangible Assets 16 404 316
- Right of Use Assets 18 54 -
Total Recurrent Expenses 96,599 91,806
Other Expenses
Capital Expenses 8 4,151 3,284
Total Other Expenses 4,151 3,284
Total Expenses 100,750 95,090
Net Result 10,988 17,485
Other Comprehensive Income
Items that will not be reclassified to Net Result
Increase/(Decrease) in Asset Revaluation Surplus 14 35,715 9,070
Total Other Comprehensive Income 35,715 9,070
Total Comprehensive Income for the year 46,703 26,555
The comparatives have not been restated on adoption of AASB 15 / 1058 and AASB 16 and therefore the comparative information is presented
using the previous standards relating to revenue and leases.
The above statement should be read in conjunction with the accompanying Notes and Significant Accounting Policies. page 2
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