2019-09-16 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA   16 SEPTEMBER 2019



                                       Attachment 2




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GENERAL COMMITTEE MEETING AGENDA                                                                     16 SEPTEMBER 2019

                                                                                                             Attachment 2

      Noosa Council
      Statement of Financial Position
      For the Year Ended 30 June 2020
      As at 31 August 2019
                                                                        Current                  Actual                  Actual
                                                                          Budget                    YTD                Full Year
                                                                            2020                   2020                    2019
                                                                          ($'000)                ($'000)                 ($'000)
      Current Assets
           Cash and cash equivalents                                       38,144                 75,549                  55,981
           Trade and other receivables                                      9,174                  11,794                  6,565
           Inventories                                                        330                    196                     219
           Other current assets                                               501                  4,312                   4,887
                                                                           48,148                 91,851                  67,651
           Non Current Assets held for sale                                      -                      -                      -
      Total Current Assets                                                 48,148                 91,851                  67,651
      Non Current Assets
           Trade and other receivables                                     49,218                 49,718                  49,218
           Other non current Assets                                              -                      -                      -
           Investments                                                     78,377                 60,978                  60,978
           Investment property                                              4,167                  3,300                   4,167
           Property, plant and equipment                                  923,966                884,435                 876,478
           Intangible assets                                                7,581                  5,987                   5,923
      Total Non Current Assets                                          1,063,309               1,004,418                996,764
      Total Assets                                                      1,111,457               1,096,268              1,064,414

      Current Liabilities
           Trade and other payables                                         4,964                  11,125                  8,125
           Borrowings                                                       2,508                  3,337                     632
           Provisions                                                       4,061                  2,973                   4,831
          Other                                                               675                  2,825                   2,581
      Total Current Liabilities                                            12,209                 20,260                  16,169
      Non Current Liabilities
           Trade and other payables                                              -                      -                      -
           Borrowings                                                      18,108                  19,051                 23,600
           Provisions                                                      10,929                  11,523                 11,486
      Total Non Current Liabilities                                        29,036                 30,574                  35,086
      Total Liabilities                                                    41,245                 50,834                  51,255

      Net Community Assets                                             1,070,212              1,045,435               1,013,160
      Community Equity
           Asset Revaluation Surplus                                       75,746                 50,809                  41,740
           Retained Surplus / (Defeciency)                                       -                      -                      -
           Shire Capital                                                  994 466                969,402                 956,885
           Current Year Net Earnings                                             -                25,224                  14,535
      Total Community Equity                                           1,070,212              1,045,435               1,013,160

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