Annual Report 2016-17

    Noosa Shire Council

    Statement of Changes in Equity
    for the year ended 30 June 2017

                                                                                              Asset
                                                                                        Revaluation           Retained             Total
                                                                                            Surplus            Surplus          Equity
                                                                            Note~             $'000              $'000           $'000


    2017
 Opening Balance                                                                            24,517          1,012,107       1,036,624 *
 .!: Correction to O~l]in9 balance                                                                              (~ .~46)       (1 !.246)
 Opening Balance (as at 1/7/16) (Restated) •                                               24,517          1,010,861       1,035,378 *

 b. Net Operating Surplus for the Year                                                                         17,124          17,124

 c. Other Comprehensive Income
  Revaluations: Pro~ef!y.!. ~~~-nt. ~!=qu!P· Asset R~valuation Surplu ~      17              _b37~                            -~!~?._5
 Other Comprehensive Income                                                                  2,375                              2,375

 Total Comprehensive Income                                                                                   17,124          19,499


 Equity Balance as at 30 June 2017                                                         26,892         1,027,985        1,054,877
                                                                                    =

                                                                                              Asset
                                                                                        Revaluation           Retained             Total
                                                                                            Surplus            Surplus          Equity
                                                                                              $'000              $'000           $'000


    2016
 Opening Balance                                                                            14,334           992,720        1,007,054
 _!: Correction to op~ ning balance                                                                               340             340
 Revised Opening Balance (as at 1/7/15)                                                    14,334           993,060        1,007,394

 b. Net Operating Surplus for the Year                                                                         19,047         19,047 *

 c. Other Comprehensive Income
    Revaluations: Pro~~!iY!, ~la~! .~ .E.9~~e.: Asset Revaluation Surplus    17             10 ~ 183                          '1~,,1 ~.~-
 Other Comprehensive Income                                                                 10,183                             10,183
-        -   -            -
 Total Comprehensive Income                                                                10,183             19,047         29,230 *


 Equity Balance as at 30 June 2016 (Restated)                                              24,517         1,012,107        1,036,624 *
* Comparative figures have been restated. Refer to Note 25 for details.




 The above statement should be read in conjunction with the accompanying Notes and Significant Accounting Policies.        page4