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2015-11-16 GC Agenda - Item 3, Attach 1 - Annual Report 2014-15
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Statement of Financial Position
The Statement of Financial Position (or balance sheet) measures what Council owns (i.e. its
assets); and what we owe (i.e. liabilities) to determine the total Community Equity (net worth) at the
end of each financial year. Overall, Council’s investment in community capital improved in 2014/15.
Table 11 – Comparative Statement of Financial Position Summary
2013/14 2014/15
($’000) ($’000)
Assets 1,034,753 1,067,563
Liabilities 61,253 60,508
Community Equity 973,500 1,007,054
The graph below shows Council’s cash and debt holdings as at 30 June 2015 compared to the
previous year. Cash levels for Council have increased whilst debt has been reducing, which is
positive for the community.
Figure 4 – Cash and Debt Comparison ($’000)
$60,000
$50,000
$40,000
$30,000
$20,000
$10,000
$-
Cash Debt
2013/14 ($,000) 2014/15 ($,000)
Noosa Council Annual Report 2014/15 Page 31
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