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

NOOSA SHIRE COUNCIL

Statement of Financial Position
As at 30 June 2015
                                                                                                                          2014
                                                                                                   2015                (6 months)
                                                                                   Note              $                      $
     Current Assets
         Cash assets and cash equivalents                                        9                  50,891,174           28,893,012
         Trade and other receivables                                             10 (a)              8,526,896           18,806,279
         Inventories                                                                                   104,038              103,425
                                                                                                    59,522,108           47,802,716
     Non-current Assets
        Trade and other receivables                                              10 (b)            49,217,517           49,217,517
        Equity investments                                                       11                65,211,946           62,016,970
        Investment properties                                                    12                 3,831,234                 -
        Property, plant and equipment                                            13               887,078,567          873,447,519
        Intangible assets                                                        15                 2,701,457            2,268,600
                                                                                                1,008,040,721          986,950,606
          TOTAL ASSETS                                                                          1,067,562,829        1,034,753,322

     Current Liabilities
         Trade and other payables                                                16                  7,736,143            6,669,789
         Provisions                                                              17                  4,114,389            4,358,384
         Borrowings                                                              18                  2,633,065            2,600,397
         Other                                                                                       1,082,497              831,140
                                                                                                    15,566,094           14,459,710
     Non-current Liabilities
        Provisions                                                               17                  8,194,924            8,216,341
        Borrowings                                                               18                 36,747,480           38,576,628
                                                                                                    44,942,404           46,792,969
          TOTAL LIABILITIES                                                                         60,508,498           61,252,679

     NET COMMUNITY ASSETS                                                                       1,007,054,331          973,500,643

     Community Equity
        Asset revaluation surplus                                                19                14,334,107                 -
        Retained surplus (deficiency)                                                             992,720,224          973,500,643

     TOTAL COMMUNITY EQUITY                                                                     1,007,054,331          973,500,643


The above statement should be read in conjunction with the accompanying notes and Summary of Significant Accounting Policies.




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