2018-03-12 General Committee Agenda

ATTACHMENT 2




 Page 40 of 41

ATTACHMENT 2
 Noosa Council
Statement of Financial Position
For the Year Ended 30 June 2018
As at 28 February 2018
                                                                    Current                  Actual                  Actual
                                                                     Budget                    YTD                Full Year
                                                                       2018                    2018                   2017
                                                                     ($'000)                 ($'000)                ($'000)
Current Assets
      Cash and cash equivalents                                       48,418                 82,568                  65,463
     Trade and other receivables                                       8,381                 10,018                   7,101
      Inventories                                                        156                    333                     330
      Other current assets                                               468                  2,081                   2,796
                                                                      57,424                 95,000                  75,690
      Non Current Assets held for sale                                     -                       -                       -
Total Current Assets                                                  57,424                 95,000                  75,690
Non Current Assets
     Trade and other receivables                                      49,218                 49,218                  49,218
      Other non current Assets                                             -                       -                       -
      Investments                                                     69,141                 60,978                  60,978
      Investment property                                              4,150                  4,405                   4,405
      Property, plant and equipment                                  935,214                915,266                 913,152
      Intangible assets                                                3,837                  4,343                   3,497
Total Non Current Assets                                           1,061,560               1,034,210               1,031,249

Total Assets                                                       1,118,984               1,129,210               1,106,939

Current Liabilities
     Trade and other payables                                          4,501                 13,161                  11,819
      Borrowings                                                       3,040                       -                  3,745
     Provisions                                                        4,394                    791                   4,076
     Other                                                               548                    427                     645
Total Current Liabilities                                             12,483                 14,379                  20,285
Non Current Liabilities
     Trade and other payables                                              -                       -                       -
      Borrowings                                                      35,005                 34,291                  34,291
      Provisions                                                       9,305                  9,879                   9,843
Total Non Current Liabilities                                         44,310                 44,169                  44,133
Total Liabilities                                                    56,793                 58,548                   64,418
Net Community Assets                                              1,062,191               1,070,662              1,042,521

Community Equity
     Asset Revaluation Surplus                                        46,961                 26,892                  26,892
      Retained Surplus / (Defeciency)                                      -                       -                       -
      Shire Capital                                                1,015,230               1,015,629               1,000,677
      Current Year Net Earnings                                            -                 28,141                  14,951
Total Community Equity                                            1,062,191               1,070,662              1,042,521

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