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

NOOSA SHIRE COUNCIL


Statement of Changes in Equity
For the year ended 30 June 2015


                                                                    Total                             Retained surplus                 Asset revaluation surplus
                                                                                                            (deficit)                             surplus
                                            Note                                                                                                  Note 19
                                                                               2014                                        2014                                2014
                                                           2015             (6 months)          2015                    (6 months)     2015                 (6 months)
                                                            $                   $                 $                         $            $                      $
Balance at beginning of period                           973,500,643                -         973,500,643                       -             -                     -
Corrections to opening balances                             1,389,839               -            1,389,839                      -             -                     -
Restated opening balances                                974,890,482                -         974,890,482                                     -                     -
Net result                                                 17,829,742        973,500,643       17,829,742                973,500,643
Other comprehensive income for the period
  Revaluations:
    Property, plant & equipment                  13        14,334,107               -                   -                       -      14,334,107                   -


  Total comprehensive income                               32,163,849        973,500,643       17,829,742                973,500,643   14,334,107                   -



Balance at end of period                                1,007,054,331        973,500,643      992,720,224                973,500,643   14,334,107                   -


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




                                                                                                  Page 4