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

                                                                                                                                                       QAO
                                                                                                                                                certified statements


 NOOSA SHIRE COUNCIL

 Statement of Cash Flows
 For the year ended 30 June 2015
                                                                                                                                      2014
                                                                                                                   2015           (6 months)
                                                                                              Note                  $                    $
Cash flows from operating activities:
     Receipts
          Receipts from customers                                                                             78,631,623            36,376,779
          Operating grants, subsidies and contributions                                                        5,082,742             1,890,879
          Income tax equivalent received                                                                         973,222               494,614
          Interest received                                                                                    5,006,206             2,520,125
          Income from equity investments                                                                       1,917,859               904,015
     Payments
          Payments to suppliers and employees                                                                (64,099,113)         (37,024,927)
          Interest expense                                                                                        (27,892)           (130,469)
     Net cash inflow (outflow) from operating activities                                 25                   27,484,647            5,031,016

     Cash flows from Investing activities:
          Commonwealth government grants                                                                         553,610
          State Government subsidies & grants                                                                 1,679,628             1,058,819
          Capital contributions                                                                               1,607,275             1,300,149
          Inter-entity balance with Sunshine Coast Regional Council (SeRe)                                    1,021,691            (1,021,691)
          Payments for property, plant and equipment                                                        (15,339,301 )          (2,740,657)
          Payments for intangible assets                                                                       (683,722)           (2,171,862)
          Proceeds from sale of property plant and equipment                                                    359,247                10,155
     Net cash inflow (outflow) from investing activities                                                    (10,801,572)           (3,565,087)

     Cash flows from financing activities:
          Cash collected under an service level agreements                                                     (101,517)              101,517
          Proceeds from borrowings                                                       18                     794,000             2,300,000
          Repayment of borrowings                                                        18                  (4,856,932)           (2,308,977)
     Net cash inflow (outflow) from financing activities                                                     (4,184,449)               92,540

    Net increase (decrease) in cash and cash equivalents held                                                12,518,626             1,558,469
         Cash and cash equivalents at beginning of the financial year                                        28,893,012
         Cash and cash equivalents transferred on de.amalgamation from SCRe                                   9,479,536           27,334,543
    Cash and cash equivalents at end of the financial year                 9                                 50,891,174           28,893,012


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