Annual Report 2016-17

                                                                                                                                                                                                                                          Financial Statements 2017




          Noosa Shire Council

          Notes to the Financial Statements
          for the year ended 30 June 2017

          Note 11. Property, Plant and Equipment (continued)

          30 June 2017                                                                                   Capital Work in
                                                                                                                                 Land           Buildings
                                                                                                                                                                Plant and          Road and Bridge
                                                                                                                                                                                                        Storm Water
                                                                                                                                                                                                                         Other Infrastructure
                                                                                                                                                                                                                                                    Total
                                                                                                           Progress                                             Equipment             Network                                  Assets


                                                                                                              $'000              $'000            $'000           $'000                 $'000              $'000                $'000                $'000
          Measurement Basis                                                                       Note        Cost             Fair Value       Fair Value        Cost               Fair Value          Fair Value          Fair Value
          Opening Gross Balance - at Cost                                                                         8,879                  -                 -         10,308                     -                  -                     -              19,187
          Opening Gross Balance - at Fair Value                                                                       -            130,109            76,397              -               636,269            167,285                87,327           1,097,387
          Opening Gross Balance as at 1 July 2016 (Restated)                                                      8,879            130,109            76,397         10,308               636,269            167,285                87,327           1,116,574
          Correction to Opening Balances                                                          25             (1,246)                 -                 -              -                     -                  -                     -              (1,246)
          Additions*                                                                                             19,319                  -               262          2,117                 5,923                 29                   561              28,211
          Contributed Assets                                                                                          -                  -                 -              -                 1,098              2,119                     -               3,217
          Disposals                                                                               5,10                -                  -                 -           (341)                    -                  -                     -                (341)
          Write-offs                                                                              5,10                -                  -              (128)             -                (2,845)              (170)                 (101)             (3,244)
          Revaluation Adjustment to Other Comprehensive Income (Asset Revaluation Surplus)        17                  -                  -             3,114              -                     -                  -                     -               3,114
          Work in Progress Transfers                                                                             (8,893)                 -                 -              -                     -                  -                     -              (8,893)
          Internal Transfers to Other Asset Classes                                                                   -                  -                 -              -                     -                  -                  (599)               (599)
          Internal Transfers from Other Asset Classes                                                                 -                  -                 -              -                   599                  -                     -                 599
          Total Gross Value of Property, Plant and Equipment - at Cost as at 30 June 2017                        18,059                  -                 -         12,084                     -                  -                     -              30,143
          Total Gross Value of Property, Plant and Equipment - at Fair Value as at 30 June 2017                       -            130,109            79,645              -               641,043            169,262                87,188           1,107,247
          Total Gross Value of Property, Plant and Equipment as at 30 June 2017                                  18,059            130,109            79,645         12,084               641,043            169,262                87,188           1,137,390
          Opening Accumulated Depreciation as at 1 July 2016                                                               -                -         17,189             1,638            106,929              51,682               30,447             207,885
          Depreciation Provided in the Period                                                      7                       -                -          1,338               919              9,985               2,104                3,032              17,378
          Depreciation on Disposals                                                               5,10                     -                -              -               (86)                 -                   -                    -                 (86)
          Depreciation on Write-offs                                                              5,10                     -                -            (14)                -             (1,587)                (35)                 (43)             (1,679)
          Revaluation Adjustment to Other Comprehensive Income (Asset Revaluation Surplus)        17                       -                -            739                 -                  -                   -                    -                 739
          Internal Transfers to Other Asset Classes                                                                        -                -              -                 -                  -                   -                 (136)               (136)
          Internal Transfers from Other Asset Classes                                                                      -                -              -                 -                136                   -                    -                 136
          Total Accumulated Depreciation of Property, Plant and Equipment as at 30 June 2017                               -                -         19,252             2,471            115,464              53,751               33,301             224,239
          Consolidated Book Value as at 30 June 2017                                                             18,059            130,109            60,393             9,613            525,579            115,511                53,887             913,151




                                                                                                                                                                                                                                                                   Financial Statements 2015
          Other Information
          Range of Estimated Useful Life (in years)                                                                        -                -         3 - 120             1 - 50                3-120         17 - 100                  2-120
          *Asset Additions Comprise
           Asset Renewals                                                                                                                                881             2,261             10,490               1,174                  943              15,749
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           Other Additions                                                                                                               202             812                14              1,726                  33                  759               3,546
          Total Asset Additions                                                                                            -             202           1,693             2,275             12,216               1,207                1,702              19,295




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