Annual Report 2019-20

Noosa Shire Council

Notes to the Financial Statements
for the year ended 30 June 2020

Note 10. Receivables (continued)
                                                                                                 2020              2019
                                                                                  Notes          $'000             $'000


Refer also to Note 30 for further information about credit risk.

Interest is charged on outstanding rates (9.83% per annum from 1 July 2019, previously 11% per annum).
No interest is charged on other debtors. There is no concentration of credit risk for rates and utility charges,
fees and other debtors receivable.

A loan agreement for the subordinated debt was executed on the 21 June 2013. The interest only loan structure
terminates on the 30 June 2033 with the interest rate set by QTC annually. Applicable interest rate for 2020
was 4.86% (2019: 5.02%).

Note 11. Other Assets
Current
Prepayments                                                                                     2,885              2,455

TOTAL CURRENT OTHER ASSETS                                                                      2,885          2,455




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