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2022-11-14 GC Agenda - Item 5 - Attachment 1 - Annual Report 2021-22
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Noosa Council
Notes to the Financial Statements
for the year ended 30 June 2022
Note 21. Provisions (continued)
§Note/Subtotal§
§Total§
$ '000 2022 2021
Current
Annual Leave 3,158 3,156
Long Service Leave 4,657 4,947
Landfill Sites 1,943 –
Total Current Provisions 9,758 8,103
Non-Current
Long Service Leave 815 977
Quarry Rehabilitation 50 50
Landfill Sites 21,601 15,528
Total Non-Current Provisions 22,466 16,555
§Subnote§
Details of Movements in Provisions
Quarry Rehabilitation
Balance at beginning of financial year 50 50
Balance at end of financial year 50 50
Landfill Sites
Balance at beginning of financial year 15,528 14,292
Additional Provision 10,860 1,975
Amounts Used (85) (84)
Increase in provision due to unwinding of Discount 240 156
Increase/(Decrease) in provision due to change in Discount rate (6,285) (4,023)
Increase/(Decrease) in provision due to change in Escalation rate 3,286 3,212
Balance at end of financial year 23,544 15,528
Note 22. Other Liabilities
§Note§
§Subnote§
$ '000 2022 2021
Current
Waste Levy Subsidy received in advance 3,232 –
Unearned Revenue 2,689 2,159
Prepaid Rates Liability 1,883 1,840
Total Current Other Liabilities 7,804 3,999
Non-Current
Waste Levy Subsidy received in advance 8,826 –
Total Non-Current Other Liabilities 8,826 –
Council is liability to pay the State a waste levy on most forms of commercial and household waste delivered to its disposal
sites. The State government provides Council with an annual subsidy to mitigate the impact on households resulting from
this levy. In June 2022, the State made an advance payment of the equivalent of four annual payments of the waste levy
subsidy. The advance payment provides certainty to Council for budget planning purposes and enables greater flexibility
when making investment decisions to help reduce waste generation and increase resource recovery. The full amount has
been recognised as a liability at 30 June 2022.
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