2015-11-16 GC Agenda - Item 3, Attach 1 - Annual Report 2014-15

                                                                                                                                  QAO
                                                                                                                         certified statements



NOOSA SHIRE COUNCIL

Statement of Comprehensive Income
For the year ended 30 Juno 2015
                                                                                                                                       2014
                                                                                                                     2015           (6 months)
                                                                                                        Note           $                 $
Income
    Revenue
        Recurrent    revenue
               Rates and charges                                                                       3 (a)       59,388,212           30,470,848
               Sale of goods and major services                                                        3 (b)        7,237,712            3,267,009
               Fees and charges                                                                        3 (e)        4,942,952            2,162,005
               Rental and levies                                                                                    1,130,479              481,667
               Inlerest received                                                                       3 (d)        5,006,206            2,520,125
               Sales of contract and recoverable vvorks                                                               155,170               76,857
               Other recurrent income                                                                  3 (e)        2,106,355              598,920
               Grants, subsidies. contributions and donations                                          4 (i)        5,068,440            1,890,879
               Total recurrent revenue                                                                             85,035,526           41,468,310

        Capital   revenue
               Grants. subsidies. contributions and donations                                          4 (ii)        6,278,627            2,358,968
                                                                                                                     6,278,627            2,358,968
        Total revenue                                                                                               91,314,153           43,827,278

        Capital    income                                                                                              604,515                7,228
                                                                                                                    91,918,668           43,834,506
    Net gain on restructure of local government                                                        5                                972,198,129

    Equity share of profit (loss) in investment in associate through participation rights              11            5,112,835            1,942,760
Total income                                                                                                        97,031,503      1,017,975,395

Expenses
    Recurrent expenses
           Employee benefits                                                                           6           (26,125,135)         (18,264,228)
           Materials and services                                                                      7           (33,729,424)         (16,755,448)
           Finance costs                                                                                            (2,526,815)          (1,359,476)
           Depreciation and amortisation                                                               8           (15,919,507)          (7,779,655)
           Total recurrent expenses                                                                                (78,300,881 )        (44,158,807)
    Capital expenses
           Other capital expenses                                                                                     (900,880)            (315,945)
Total expenses                                                                                                     (79,201,761)         (44,474,752)
Net result                                                                                                          17,829,742          973,500,643
  Other comprehensive       income
    Items that will not be reclassified      to net result
           Increase in asset revaluation surplus                                                       19           14,334,107
  Total other comprehensive         income                                                                          14,334,107

Total comprehensive      income for the period                                                                      32,163,849          973,500,643



The above statement should be read in conjunction with the accompanying   notes and Summary of Significant Accounting Policies.




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