2018-01-15 General Committee Agenda

ATTACHMENT 2




Page 134 of 135

ATTACHMENT 2

 Noosa Council
Statement of Financial Position
For the Year Ended 30 June 2018
As at 31 December 2017
                                                                    Current                Actual                   Actual
                                                                    Budget                    YTD                Full Year
                                                                       2018                   2018                    2017
                                                                     ($'000)                ($'000)                 ($'000)
Current Assets
      Cash and cash equivalents                                       48,418                 62,571                 65,463
      Trade and other receivables                                      8,381                  5,757                   7,101
      Inventories                                                        156                    337                    330
      Other current assets                                              468                   2,716                   2,796
                                                                      57,424                 71,382                 75,690
      Non Current Assets held for sale                                     -                      -                       -
Total Current Assets                                                  57,424                 71,382                 75,690

Non Current Assets
      Trade and other receivables                                     49,218                 49,218                 49,218
      Other non current Assets                                             -                      -                       -
      Investments                                                     69,141                 60,978                 60,978
      Investment property                                              4,150                  4,405                   4,405
      Property, plant and equipment                                 935,214                 924,255                913,152
      Intangible assets                                                3,837                  4,341                   3,497
Total Non Current Assets                                           1,061,560              1,043,197               1,031,249

Total Assets                                                       1,118,984              1,114,578               1,106,939

Current Liabilities
      Trade and other payables                                         4,501                 18,602                  11,819
      Borrowings                                                       3,040                  2,256                   3,745
     Provisions                                                        4,394                    689                   4,076
      Other                                                             548                    463                     645
Total Current Liabilities                                             12,483                 22,009                 20,285

Non Current Liabilities
      Trade and other payables                                             -                      -                       -
      Borrowings                                                      35,005                 34,291                 34,291
     Provisions                                                        9,305                  9,879                   9,843
Total Non Current Liabilities                                         44,310                 44,169                 44,133
Total Liabilities                                                     56,793                 66,179                 64,418
Net Community Assets                                              1,062,191              1,048,399               1,042,521

Community Equity
     Asset Revaluation Surplus                                        46,961                 26,892                 26,892
      Retained Surplus / (Defeciency)                                      -                      -                       -
      Shire Capital                                                1,015,230              1,015,629               1,000,677
      Current Year Net Earnings                                            -                  5,878                  14,951
Total Community Equity                                            1,062,191              1,048,399               1,042,521

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