2020-02-17 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA   17 FEBRUARY 2020




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GENERAL COMMITTEE MEETING AGENDA                                                          17 FEBRUARY 2020

 Noosa Council                                                                                     ATTACHMENT 2
Statement of Financial Position
For the Year Ended 30 June 2020
As at 31 January 2020
                                                                    Current                 Actual                  Actual
                                                                    Budget                     YTD                Full Year
                                                                       2020                   2020                    2019
                                                                     ($'000)                ($'000)                 ($'000)
Current Assets
      Cash and cash equivalents                                       43,942                 62,360                  55,981
      Trade and other receivables                                      9,290                 36,089                   6,666
      Inventories                                                        198                    201                     198
      Other current assets                                             2,466                  3,362                   4,541
                                                                      55,897                102,012                  67,386
      Non Current Assets held for sale                                     -                      -                       -
Total Current Assets                                                  55,897                102,012                  67,386

Non Current Assets
      Trade and other receivables                                     49,718                 49,718                  49,718
      Other non current Assets                                             -                      -                       -
      Investments                                                     60,978                 60,978                  60,978
      Investment property                                              3,300                  3,300                   3,300
      Property, plant and equipment                                  916,382                886,107                 885,912
      Intangible assets                                                7,170                  6,397                   5,953
Total Non Current Assets                                           1,037,548              1,006,499               1,005,861
Total Assets                                                       1,093,445              1,108,511               1,073,247
Current Liabilities
      Trade and other payables                                         5,078                 11,800                   9,594
      Borrowings                                                       2,414                  1,786                   3,112
      Provisions                                                       4,630                  3,075                   4,918
      Other                                                            2,778                  1,701                   2,768
Total Current Liabilities                                             14,900                 18,362                  20,392

Non Current Liabilities
      Trade and other payables                                             -                      -                       -
      Borrowings                                                      19,555                 21,120                  21,120
     Provisions                                                       12,054                 11,523                  11,523
Total Non Current Liabilities                                         31,608                 32,643                  32,643

Total Liabilities                                                     46,508                 51,006                  53,035

Net Community Assets                                              1,046,937              1,057,505               1,020,212

Community Equity
     Asset Revaluation Surplus                                        68 337                 50,809                  50,809
      Retained Surplus / (Defeciency)                                      -                      -                       -
      Shire Capital                                                  978,600                969,402                 951,918
      Current Year Net Earnings                                            -                 37,294                  17,485
Total Community Equity                                            1,046,937              1,057,505               1,020,212

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