Annual Report 2016-17

Assets - what we own                                                              Work in                              Statement of cash flows
                                                                                  Progress
Current assets are represented by cash,                                    Other $18,059 Land &                        The statement of cash flows shows where Council has generated cash and where these funds have been
investments, inventories and receivables (money                        Infrastructure    Improvements                  expended. The detailed schedule in the financial statements is summarised in the following graph (columns
owed to Council). Council’s current assets as at 30                       $53,887          $130,109                    above the line represent cash flowing into the organisation, and columns below the line represent cash
                                                              Stormwater &
June 2017 equated to $75.7 million.                                                                                    payments made).
                                                                Drainage
                                                                                              Buildings $60,393
Non-current assets of over $1 billion, includes                 $115,511
                                                                                                                       Key elements to Council’s annual cash flow include:
property, plant and equipment totalling $913                 Intangible Assets                     Plant & Equipment
million, as well as the value of Council’s investment             $3,497                                 $9,613        •      Operating activities depicts the net of income received from rates, interest, grants, etc. and payments
in Unitywater. Property, Plant and Equipment                                                                                  made to suppliers and employees (net increase).
represents community infrastructure which includes                                                                     •      Investing activities relate to the acquisition and sale/disposal of long-term assets, generally in the form
roads, bridges, stormwater, buildings, land and                                                                               of roads, bridges, plant and equipment, etc. A negative outcome here represents a net investment in
other operational assets owned and controlled by                                 Roads & Bridges                              community infrastructure during the reporting period.
Council. The main non-current asset categories and                                  $525,579
                                                                                                                       •      Financing activities shows the receipt and repayment of Council borrowings. A negative outcome here
their respective values are shown in the following                                                                            represents that Council has repaid more loans compared to new borrowings raised.
figure.
                                                                                                                       •      Net movement in cash represents the physical movement of cash, with any accounting adjustments and
                                                                    Figure 8 - Non-Current Assets and                         accruals removed. The net movement in cash for the year of $12.8 million represents the net increase in
                                                                                                                              cash on hand, with all significant outlays fully funded within the period.
                                                                Community Infrastructure 2016/17 ($’000)


                                                                                                                       Figure 9 - Net Cash Flow Sources 2016/17 ($’000)
                                                                                                                       $35,000

                                                                                                                       $30,000

                                                                                                                       $25,000

Liabilities – what we owe                               Statement of changes in                                        $20,000


Money owed by Council is presented as both
                                                        equity                                                         $15,000

                                                                                                                       $10,000
current and non-current liabilities in the statement    The statement of changes in equity illustrates how                 $5,000
of financial position. Current liabilities are those     the net worth of Council has changed as a result of
amounts that are payable by Council within the          activities undertaken during the period. Council’s                     $0
next twelve months, and non-current liabilities are     total community equity as at 30 June 2017 is $1.1                  $-5,000
payable beyond the twelve month horizon.                billion. Community equity is equal to total assets             $-10,000
                                                        (what we own) less total liabilities (what we owe)
The most significant element is loans raised by                                                                         $-15,000
                                                        and represents Council’s net investment in assets.
Council to fund the investment in community
                                                                                                                       $-20,000
infrastructure. During 2016/17, Council’s total loan                                                                                 Operating Activities   Investing Activities   Financing Activities Net Movement in Cash
borrowings decreased slightly due to repayments
for the year being greater than the value of new
borrowings.




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