Annual Report 2016-17

                                                                                                     Financial Statements 2017



Noosa Shire Council

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

Note 27. Financial Instruments (continued)
                                                                                                           2017                2016
                                                                                          !'Jotes          $'000               $'000

Ageing of past due receivables and the amount of any impairment is disclosed in the following table:

Receivables
Fully Performing                                                                                          1,942             1,003
Past due:
- 31 to 60 days overdue                                                                                     109              149
-61 to 90 days overdue                                                                                        28              19
- Greater than 90 days overdue                                                                            4,931            4,696
- Loans and Advances to Associates                                                                       49,218           49,218
-Impaired                                                                                                    (15)             (7)
Total                                                                                       9           56,213           55,078


Liquidity Risk

Liquidity risk refers to the situation where the Council may encounter difficulty in meeting obligations associated
with financial liabilities that are settled by delivering cash or another financial asset. Noosa Shire Council is
exposed to liquidity risk through its trading in the normal course of business and borrowings from the Queensland
Treasury Corporation for capital works or borrowings from other financial institutions.

Council manages its exposure to liquidity risk by maintaining sufficient cash deposits and undrawn facilities, both
short and long term, to cater for unexpected volatility in cash flows. These facilities are disclosed in Note 15.

The following table sets out the liquidity risk in relation to financial liabilities held by the Council. It represents the
remaining contractual cashflows (principal and interest) of financial liabilities at the end of the reporting period,
excluding the impact of netting agreements:

                                                                                                             Total
                                                                                                       Contractual         Carrying
                                                   0 to 1 year       1 to 5 years   Over 5 years       Cash Flows          Amount
                                                                           $'000          $'000             $'000                $'000


2017
Trade and Other Payables                             9,412                    3                           9,415             9,520
Loans- QTC                                          .,~ . !~~--   - ~20,7~£._ _ _ 23,456              _,.:~~~~~?       _3~!..0.3§...
                                                   14,576            20,765           23,456            58,797           47,556

2016
Trade and Other Payables                             5,620                                                5,620            5,705
Loans- QTC                                    ·----~~67_               19,917          25,900       ---·~~ 7~1._ -        38,118
                                                  10,587              19,917          25,900            56,404           43,823
The outflows in the above table are not expected to occur significantly earlier and are not expected to be for
significantly different amounts than indicated in the table.




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