Annual Report 2019-20

Noosa Shire Council

Statement of Financial Position
as at 30 June 2020

                                                                                                                   2020                    2019
                                                                                              Notes                $'000                   $'000

ASSETS
Current Assets
Cash and Cash Equivalents                                                                        9              57,024               55,981
Receivables                                                                                     10               8,883                8,752
Inventories                                                                                                        181                  198
Contract Assets                                                                                 17                  27                    -
Other Assets                                                                                    11               2,885                2,455
Total Current Assets                                                                                            69,000               67,386

Non-Current Assets
Receivables                                                                                     10             49,593               49,718
Equity Investments                                                                              12             88,040               83,342
Investment Property                                                                             13              3,000                3,300
Property, Plant and Equipment                                                                   14            929,355              885,912
Right of Use Assets                                                                             18                161                    -
Intangible Assets                                                                               16              7,636                5,953
Total Non-Current Assets                                                                                    1,077,785            1,028,225
TOTAL ASSETS                                                                                               1,146,785            1,095,611

LIABILITIES
Current Liabilities
Payables                                                                                        19               7,692                7,051
Contract Liabilities                                                                            17               1,568                    -
Borrowings                                                                                      20               3,023                3,112
Lease Liabilities                                                                               18                  54                    -
Provisions                                                                                      21               7,582                7,461
Other Liabilities                                                                               22               3,158                2,768
Total Current Liabilities                                                                                       23,077               20,392

Non-Current Liabilities
Borrowings                                                                                      20              18,493               21,120
Lease Liabilities                                                                               18                 110                    -
Provisions                                                                                      21              15,307               11,523
Total Non-Current Liabilities                                                                                   33,910               32,643
TOTAL LIABILITIES                                                                                              56,987               53,035
Net Community Assets                                                                                     1,089,798             1,042,576

COMMUNITY EQUITY
Asset Revaluation Surplus                                                                       23             86,524                50,809
Retained Surplus/(Deficiency)                                                                               1,003,274               991,767
Total Community Equity                                                                                   1,089,798             1,042,576



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 3