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

The most significant elements are loans raised by Council to fund investment in community
infrastructure and provisions for future landfill restoration works. Total loans increased as funds were
drawn down to fund infrastructure works relating to the landfill expansion. Council’s annual loan
repayment schedule was met.

Statement of Changes in Equity
The Statement of Changes in Equity illustrates how                 Figure 9 - Community Equity movement
the net worth of Council has changed as a result of
activities undertaken during the period. Council’s
total community equity as at 30 June 2022 is $1.3
billion.

Community equity is equal to total assets (what we
own) less total liabilities (what we owe) and
represents Council’s net investment in assets.

Figure 9 shows the movement in Community
Equity since the De-Amalgamation of Council in
2014.

Statement of Cash Flows
The Statement of Cash Flows shows where Council has generated cash and where these funds have
been expended. The detailed schedule in the financial statements is summarised in Figure 10
(columns above the line represent cash flowing into the organisation, and columns below the line
represent cash payments made).

Figure 10 – Net Cash Flow Sources 2021/22 ($’000)
$50,000
$40,000
$30,000
$20,000
$10,000
      $-
-$10,000
-$20,000
-$30,000
                 Operating Activities       Investing Activities      Financing Activities   Net Movement in Cash


Key elements to Council’s annual cash flow include:
•   Operating activities depicts the net of income received from rates, interest, grants, etc. and
    payments made to suppliers and employees.
•   Investing activities relate to the acquisition and sale/disposal of long-term assets, generally in the
    form of roads, bridges, plant and equipment, etc. A negative outcome here represents a net
    investment in community infrastructure during the reporting period.
•   Financing activities shows the receipt and repayment of Council borrowings. A negative outcome
    here represents that Council has repaid more loans compared to new borrowings raised.
•   Net movement in cash represents the total physical movement of cash, with any accounting
    adjustments and accruals removed. The net positive movement in cash for the year of $28.4 million
    represents a net increase in cash on hand, with all significant outlays fully funded within the period.



Noosa Council | Annual Report 2021 – 2022

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