2022-11-14 GC Agenda - Item 5 - Attachment 1 - Annual Report 2021-22

Noosa Council
Statement of Cash Flows
for the year ended 30 June 2022
§Statement§




                                                                                                                                 Restated
$ '000                                                                                      Notes                 2022              2021


Cash Flows from Operating Activities
Receipts from Customers                                                                                       116,636               95,823
Payments to Suppliers and Employees                                                                           (87,449)            (86,431)
                                                                                                                29,187               9,392

Receipts
Rental Income                                                                                                     1,810               1,365
Income Tax Equivalent Received                                                                                    1,913               1,936
Dividend from Equity Investment                                                                                   1,717               1,495
Interest and Investment Revenue Received                                                                          2,813               3,021
Non Capital Grants and Contributions                                                                              8,910               6,225
Payments
Borrowing Costs                                                                                                   (156)               (133)
Net Cash Inflows/(Outflows) from Operating Activities                                         27
                                                                                                              46,194              23,301
Cash Flows from Investing Activities
Receipts
Proceeds from Sale of Property, Plant and Equipment                                                                356                 217
Grants, Subsidies, Contributions and Donations                                                                  14,745              13,678
Payments
Payments for Intangible Assets                                                                                   (192)                (36)
Payments for Property, Plant and Equipment                                                                    (36,315)            (20,519)
Net movement in Loans and Advances                                                                                 125                 125
Net Cash Inflows/(Outflows) from Investing Activities                                                       (21,281)              (6,535)
Cash Flows from Financing Activities
Receipts
Proceeds from Borrowings                                                                                          4,859             21,082
Payments
Repayment of Borrowings                                                                                         (1,299)           (24,844)
Net Cash Inflows/(Outflows) from Financing Activities                                                           3,560             (3,762)
Net Increase/(Decrease) in Cash and Cash Equivalents held                                                     28,473              13,004

Cash and Cash Equivalents at the beginning of the financial year                                                70,028              57,024
Cash and Cash Equivalents at the end of the financial year                                    10
                                                                                                              98,501              70,028
The comparatives have been restated following the IFRIC decision clarifying the capitalisation of costs relating to Software as a Service
(SaaS). Further details on the impact of this change are outlined in Note 28.

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




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