Annual Report 2016-17

                                                                                                 Financial Statements 2017



Noosa Shire Council

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

Note 12. Fair Value Measurements (continued)



(1) The following table presents all assets and liabilities that have been measured and recognised at
    fair values:
                                                                              Fair Value
                                                                          Measurement using:
                                                                                    Level2          Level3                   Total
                                                         D                         Significant     Significant
                                                                                   observable    unobservable
                                                                                       inputs          inputs
2017                                                                                   $'000           $'000                 $'000
Property, Plant and Equipment
-Land                                                                               68,769          61,340            130,109
-Buildings                                                                                          60,393             60,393
- Road and Bridge Network                                                                          525,579            525,579
- Storm Water                                                  5                                   115,511            115,511
- Other Infrastructure Assets                                  6                                    53,887             53,887
- Investment Property                                                                4,405                              4,405
Total Property, Plant and Equipment                                                 73,174        816,710             889,884



2016
Property, Plant and Equipment
-Land                                                                               68,769         61,340             130,109
-Buildings                                                                                         59,208              59,208
- Road and Bridge Network                              30:06/1·~                                  529,340             529,340
- Storm Water                                                                                     115,603             115,603
-Other Infrastructure Assets                                                                       56,880              56,880
- Investment Property                                                                4,150                              4,150
Total Property, Plant and Equipment                                                 72,919        822,371             895,290



(2) Transfers between Level1 and Level2 Fair Value Hierarchies

During the year, there were no transfers between Level 2 and Level 3 Fair Value hierarchies for recurring fair
value measurements.

Council's policy for determining transfers between Fair Value hierarchies is at the end of the reporting period.




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