FINANCIAL PERFORMANCE REPORT – MAY 2025 (Deferred from General Committee Meeting dated 16 June 2025 Item 8.13) · Attachment 2 Statement of Financial Position - May 2025

Attachment 2 - Statement of Financial Position

  Noosa Council
  Statement of Financial Position
  For the Year Ended 30 June 2025
  As at 31 May 2025
                                                 2025 Year End
                                                      Forecast    2025 YTD          2024
                                                        ($'000)      ($'000)      ($'000)
  Current Assets
        Cash and cash equivalents                       91,652      111,569      106,127
        Trade and other receivables                     13,073       14,336       19,151
        Inventories                                        237          246          237
        Contract Assets                                      -        6,961        6,961
        Other current assets                             1,102        2,207        1,102
  Total Current Assets                                 106,064      135,319      133,578

  Non Current Assets
        Trade and other receivables                     49,218       49,218       49,218
        Other non current Assets                             -            -            -
        Investments                                    103,744      103,744      103,744
        Investment property                              3,750        3,750        3,750
        Property, plant and equipment                1,385,006    1,276,787    1,232,917
        Right of Use Assets                              1,122        1,123        1,122
        Intangible assets                                  195          198          238
  Total Non Current Assets                           1,543,034    1,434,819    1,390,989

  Total Assets                                       1,649,099    1,570,138    1,524,567

  Current Liabilities
        Trade and other payables                         9,530       10,857       24,824
        Contract Liabilities                             4,000        8,167        8,167
        Borrowings                                       1,228          177        1,406
        Lease Liablities                                    23          235          235
        Provisions                                       8,103        9,528       11,727
        Other                                            9,546        4,788        9,334
  Total Current Liabilities                             32,430       33,752       55,693

  Non Current Liabilities
        Borrowings                                      22,436       23,449       23,449
        Lease Liabilities                                   17          917          917
        Provisions                                      35,183       31,559       31,559
        Other                                            6,103        5,203        5,203
  Total Non Current Liabilities                         63,739       61,128       61,128

  Total Liabilities                                     96,169       94,879      116,820

  Net Community Assets                              1,552,929     1,475,259    1,407,746

  Community Equity
      Asset Revaluation Surplus                        363,820      316,106      316,106
      Retained Surplus / (Defeciency)                        -            -            -
      Shire Capital                                  1,189,109    1,093,104    1,044,817
      Current Year Net Earnings                              -       66,049       46,822
  Total Community Equity                            1,552,929     1,475,259    1,407,746