Annual Report 2019-20

          Noosa Shire Council

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

          Note 14. Property, Plant and Equipment

                                                                                                                                                                   Road and                       Other
          30 June 2019                                                                                   Capital Work
                                                                                                                          Land           Buildings
                                                                                                                                                      Plant and
                                                                                                                                                                     Bridge     Storm Water   Infrastructure     Total
                                                                                                          in Progress                                 Equipment
                                                                                                                                                                    Network                       Assets

                                                                                                            $'000         $'000            $'000        $'000        $'000         $'000          $'000          $'000
          Measurement basis                                                                       Note      Cost        Fair value       Fair value     Cost       Fair value    Fair value    Fair value
          Opening Gross Balance - at Cost                                                                    39,687            -                 -      12,679            -             -              -           52,366
          Opening Gross Balance - at Fair Value                                                                   -      141,746            80,852           -      555,935       178,393         92,063        1,048,989
          Opening Gross Balance as at 1 July 2018                                                            39,687      141,746            80,852      12,679      555,935       178,393         92,063        1,101,355
          Additions *                                                                                        24,848            -                 -           -            -             -              -           24,848
          Contributed assets                                                                                      -          481                 -           -        1,160         1,723            192            3,556
          Disposals                                                                                               -            -               (73)       (706)           -             -              -             (779)
          Write-offs                                                                                           (521)           -                 -           -       (3,766)          (13)          (324)          (4,624)
          Revaluation Decrements to P/L                                                            8              -            -                 -           -            -             -              -                -
          Revaluation Adjustment to Other Comprehensive Income (Asset Revaluation Surplus)        23              -        9,070                 -           -            -             -              -            9,070
          Work in Progress Transfers                                                                        (24,308)         411             3,387       1,930       17,854           210            516                -
          Internal Transfers to / from other Asset Classes                                                        -            -                 -           -            -             -              -                -
          Total Gross Value of Property, Plant and Equipment - at Cost as at 30 June 2019                    39,706            -                 -      13,903            -             -              -           53,609
          Total Gross Value of Property, Plant and Equipment - at Fair Value as at 30 June 2019                   -      151,708            84,166           -      571,183       180,313         92,447        1,079,817
          Total Gross Value of Property, Plant and Equipment as at 30 June 2019                              39,706      151,708            84,166      13,903      571,183       180,313         92,447        1,133,426

          Opening Accumulated Depreciation as at 1 July 2018                                                        -                -      20,645        3,459     114,440         58,251        37,955         234,750
          Depreciation Provided in the Period                                                                       -                -       1,478        1,165       7,402          2,236         3,208          15,489
          Depreciation on Disposals                                                                                 -                -           -            -           -              -             -               -
          Depreciation on Write-offs                                                                                -                -         (36)        (236)     (2,205)             -          (248)         (2,725)
          Revaluation Decrements to P/L                                                            8                -                -           -            -           -              -             -               -
          Revaluation Adjustment to Other Comprehensive Income (Asset Revaluation Surplus)        23                -                -           -            -           -              -             -               -
          Total Accumulated Depreciation of Property, Plant and Equipment                                           -                -      22,087        4,388     119,637         60,487        40,915         247,514

          Consolidated Book Value as at 30 June 2019                                                         39,706      151,708            62,079        9,515     451,546       119,826         51,532         885,912

          Other Information




                                                                                                                                                                                                                             Financial Statements 2018
          Range of Estimated Useful Life (years)                                                                    -                -      3 - 120       1 - 50        3-120      17 - 100                 -

          *Asset Additions Comprise
           Asset Renewals                                                                                           -           -            2,393        2,102       14,414           418          1,362         20,689
           Other Additions                                                                                          -         608              576          166        2,271            35            503          4,159
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          Total Asset Additions                                                                                     -         608            2,969        2,268       16,685           453          1,865         24,848


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