2015-10-14 Audit & Risk Committee Meeting - Draft Annual Financial Statements

NOOSA SHIRE COUNCIL

Notes to the financial statements

For the year ended 30 June 2015

29    National Competition Policy
     (a) Business activities to which the code of competitive conduct is applied
         This requires the application of full cost pricing, identifying the cost of community service obligations (CSO)
         and eliminating the advantages and disadvantages of public ownership within that activity.

          The CSO value is determined by Council, and represents an activities cost(s) which would not be incurred if
          the primary objective of the activities was to make a profit. The Council provides funding from general revenue
          to the business activity to cover the cost of providing non-commercial community services or costs deemed to
          be CSO's by the Council.


          Council applies full cost pricing to the following business activities:

                             Waste Management
                             Holiday Parks

     (b) The following activity statements are for activities subject to full cost pricing:

                                                                       Waste            Waste        Holiday Parks Holiday Parks
                                                                     Management       Management
                                                                          2015           2014            2015           2014
                                                                                      (6 months)                     (6 months)
                                                                           $               $              $               $
Revenue for services provided to the Council                                207,383         91,616
Revenue for services provided to external clients                        12,840,616      6,125,809       2,899,448     1,336,427
* Community service obligations                                              71,578          9,906
                                                                         13,119,577      6,227,331       2,899,448     1,336,427
Less : Expenditure                                                        8,915,451      4,833,436       1,802,458       747,415
Surplus (deficiency)                                                      4,204,126      1,393,895       1,096,990       589,012




     (c) Description of CSO's provided to business activities during the reporting period.

Activities                                          CSO description

Waste Management                                    Waste collection and disposal charges for charitable organisations.




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