FINANCIAL PERFORMANCE REPORT – JUL 2024 · Attachment 2 Statement of Financial Position - Jul 2024

Attachment 2 - Statement of Financial Position

Noosa Council
Statement of Financial Position
For the Year Ended 30 June 2025
As at 31 July 2024
                                                   Current       Actual       Actual
                                                   Budget           YTD     Full Year
                                                      2025         2025          2024
                                                    ($'000)      ($'000)      ($'000)
Current Assets
      Cash and cash equivalents                     84,737       95,912      105,002
      Trade and other receivables                   12,919       53,658       14,524
      Inventories                                      198          210          202
      Contract Assets                                    -          958          958
      Other current assets                           2,854        3,413        5,523
Total Current Assets                               100,708      154,151      126,209

Non Current Assets
      Trade and other receivables                   49,218       49,218       49,218
      Other non current Assets                           -            -            -
      Investments                                   99,580       96,515       96,515
      Investment property                            4,000        4,000        4,000
      Property, plant and equipment              1,478,939    1,269,539    1,257,876
      Right of Use Assets                               39           39           39
      Intangible assets                                512          234          227
Total Non Current Assets                         1,632,287    1,419,545    1,407,874

Total Assets                                     1,732,996    1,573,695    1,534,083

Current Liabilities
      Trade and other payables                       9,326        9,928       14,233
      Contract Liabilities                           4,000       24,643       24,643
      Borrowings                                     1,339        1,469          223
      Lease Liablities                                  23           23           23
      Provisions                                     8,103        1,166        7,228
      Other                                          8,931        6,698        5,358
Total Current Liabilities                           31,723       43,927       51,708

Non Current Liabilities
      Borrowings                                    28,394       23,449       24,632
      Lease Liabilities                                 40           17           17
      Provisions                                    33,251       31,860       31,860
      Other                                          8,207        5,203        8,230
Total Non Current Liabilities                       69,892       60,529       64,740

Total Liabilities                                  101,615      104,456      116,448

Net Community Assets                             1,631,380    1,469,240    1,417,635

Community Equity
    Asset Revaluation Surplus                      411,231      334,616      334,616
    Retained Surplus / (Defeciency)                      -            -            -
    Shire Capital                                1,220,149    1,041,750    1,041,750
    Current Year Net Earnings                            -       92,873       41,269
Total Community Equity                           1,631,380    1,469,240    1,417,635