Annual Report 2016-17

                                                                                              Financial Statements 2017



Noosa Shire Council

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

Note 16. Provisions (continued)



Council has the following restoration provisions:

Landfill sites

The provision represents the present value of the anticipated future costs associated with the closure of the
Eumundi Rd landfill sites, decontamination and monitoring of historical residues and leaching on the site.
The calculation of this provision requires assumptions such as application of environmental legislation, site
closure dates, available technologies and engineering cost estimates. These uncertainties may result in future
actual expenditure differing from amounts currently provided. Because of the long-term nature of the liability,
the most significant uncertainty in estimating the provision is the costs that will be incurred.
The provision recognised for the Eumundi Rd landfill sites is reviewed at least annually and updated based on
the facts and circumstances available at the time. Management estimates that the site will fully close in 2070
and that site restoration will occur progressively over the subsequent thirty years. The provision recognises the
costs associated with closure and rehabilitation of historical and existing cells as well as the rehabilitation of
the site following full closure in 2070. The 2015/16 provision has been restated to reflect the exclusion of costs
associated with future stages due on the uncertainty and need of this future obligation.

Quarry Sites
The provision represents the present value of the anticipated future costs associated with the closure of the
Ringtail Creek quarry sites, reclamation and rehabilitation of the site.

The calculation of this provision requires assumptions such as application of environmental legislation, site
closure dates, available technologies and engineering cost estimates. These uncertainties may result in future
actual expenditure differing from amounts currently provided. Because of the long-term nature of the liability,
the most significant uncertainty in estimating the provision is the costs that will be incurred. The provision
recognised for quarry sites rehabilitation is reviewed at least annually and updated based on the facts and
circumstances available at the time.

                                                                                                    2017             2016
                                                                                                    $'000            $'000

Current

Long Service Leave                                                                                 4,076            4,329
Landfill Sites                                                                                       273

TOTAL CURRENT PROVISIONS                                                                          4,349             4,329



Non-current

Long Service Leave                                                                                   534              385
Quarry Rehabilitation                                                                                 50               50
Landfill Sites                                                                                     8,986            7,194

TOTAL NON-CURRENT PROVISIONS                                                                      9,sr_o           7,629
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