2017-06-12 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA   12 JUNE 2017

                                     Attachment 2




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GENERAL COMMITTEE MEETING AGENDA                                                                        12 JUNE 2017

                                                                                                           Attachment 2
   Noosa Council
   Statement of Financial Position
   For the Year Ended 30 June 2017
   As at 31 May 2017
                                                                                      Consolidated
                                                                          2017                    2017
                                                                      Forecast                   YTD                     2016
                                                   Note                      $                       $                      $
   Current Assets
        Cash and cash equivalents                                   48,418,426              69,354,553              52,586,475
        Trade and other receivables                                  8,381,283               6,250,713               5,946,062
        Inventories                                                    156,000                 142,274                 156,056
        Other current assets                                           468,000               1,088,525               2,628 892
                                                                    57,423,709              76,836,065              61,317,486
        Non Current Assets held for sale                                      -                      -                       -
   Total Current Assets                                             57,423,709              76,836,065              61,317,486

   Non Current Assets
        Trade and other receivables                                 49,217,517              49,217,517              49,217,517
        Other non current Assets                                              -                      -                       -
        Investments                                                 69,141,000              60,978,225              60,978,225
        Investment property                                          4,150,000               4,150,000               4,150,000
        Property, plant and equipment                              935,214,467             906,942 387             906,665,451
        Intangible assets                                            3,837,196               3,355,589               2,613,761
   Total Non Current Assets                                       1,061,560,179          1,024,643,718           1,023,624,954

   Total Assets                                                   1,118,983,889          1,101,479,782           1,084,942,440

   Current Liabilities
        Trade and other payables                                     4,501,051               5,045,197               7,887,760
        Borrowings                                                   3,039,899               3,875,099               2,932,289
        Provisions                                                   4,393,935               4,324,992               4,328,513
       Other                                                           548,000                 462,832                 537 ,888
   Total Current Liabilities                                        12,482,885              13,708,120              15,686,451

   Non Current Liabilities
        Trade and other payables                                              -                      -                       -
        Borrowings                                                  35,005,279              31,284,251              35,186,158
        Provisions                                                   9,304,975               9,082,779               9,082,779
   Total Non Current Liabilities                                    44,310,254              40,367,030              44,268,938

   Total Liabilities                                                56,793,139              54,075,150              59,955,389

   Net Community Assets                                         1,062,190,750           1,047,404,632           1,024,987,051

   Community Equity
        Asset Revaluation Surplus                                   46,961,218              24,518,021              24,518,021
        Retained Surplus / (Defeciency)                                       -                      -                       -
        Shire Capital                                             1,015,229 532          1,000,469,031             987,372,510
        Current Year Net Earnings                                             -             22,417,580              13,096,521
   Total Community Equity                                       1,062,190,750           1,047 ,404,632          1,024,987,051

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