Annual Report 2019-20

Noosa Shire Council

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

Note 12. Equity Investments (continued)
                                                                              2020            2019
                                                                  Notes       $'000           $'000


(d) Summarised financial information for Associates

Summarised Statement of Financial Position - Councils Share                   Unitywater

Assets                                                                    172,223      165,843
Total Assets                                           -      -           172,223      165,843

Liabilities                                                                80,584          79,274
Total Liabilities                                      -      -            80,584          79,274

Net Assets                                             -      -            91,639          86,569

Reconciliation of the Carrying Amount
Opening Net Assets (1 July)                            -                   83,342          78,377
Profit/(Loss) for the period                                                6,094           6,452
Dividends Payable                                                          (1,396)         (1,487)
Closing Participation Rights                           -      -            88,040          83,342

Council's share in %                                                        4.25%           4.25%
Council's share in $                                                       91,639          86,569

Summarised Statement of Comprehensive Income                                  Unitywater

Income                                                                     31,027       31,050
Income Tax Expense                                                         (2,607)      (2,757)
Other Expenses                                                            (22,326)     (21,841)
Profit/(Loss) for period                               -      -             6,094        6,452

Total Comprehensive Income                             -      -             6,094           6,452

Dividends received by Council                                               1,396           1,487




                                                                                       page 21