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

                                                                                                                      QAO
                                                                                                               cErtified siatement.



NOOSA SHIRE COUNCIL

Notes to the financial statements
For the year ended 30 June 2015




 9   Cash assets and cash equivalents
        Cash at bank and on hand
        Deposits at call
        Term deposits
         Lessorc working capital loan facility
         Total cash and cash equivalents per cash flow statement


              Externally imposed expenditure restrictions at the reporting date relate to the following assets:
              Unspentlevy funds                                                                               6.247.670               4.202.197
              Unspent developer contributions                                                                  3,222,716              2.356.092
              Unspent government grants and subsidies                                                            116,220                 38.926
              Unspent carbon tax                                                                                 635.000                223.000
              Unspent loan monies                                                                                                       128.138

              Internally imposed expenditure restrictions at the reporting date relate to the following assets:
              Natural Disaster Rehabilitation                                                                   2.249.000             3.776.581
              Plant Replacement
              Future asset replacement                                                                          5.335.180          5.335.180
              Waste Management                                                                                  3,466.035          2.594.694
              Specific purpose recurrent                                                                        2.202,431          1.978.395
              Total unspent restricted cash held in reserves                                                  23,474,251          20.633.203

         Cash and deposits at call are held in the Commonwealth Bank in a normal
         business cheque account. On call accounts are also held with OTC.
         Deposits at call earned fixed interest over varying terms at interest rates of
         between 2.8% and 3.19%.

 10 Trade and other receivables                                                                 1.9
        (a) Current
            Rateable revenue and utility charges                                                               4.165,668              4.159.585
            Fees and charges                                                                                     806.010              1.016.774
            GST recoverable                                                                                      457.957                339.407
            Other debtors
            Inter-entity balance with SeRC                                                                                            10,501.227
                                                                                                               5,429,635              16,016,992
              Prepayments                                                                                        646.006                 411.901
              Accrued Revenue                                                                                  2,451,255               2.377,385
                                                                                                               8,526.896              18.806,279
          (b) Non-current
              Loans and advances to associates                                                  1.11          49,217,517          49,217,517
                                                                                                              49.217.517          49,217.517
          Interest is charged on outstanding rates at a rate of 11% per annum. No interest
          is charged on other debtors. There is no concentration of credit risk for rates and
          utility charges. fees and other debtors receivable.

         A new loan agreement for the subordinated debt was executed on the 21 June
         2013. The new interest only loan structure terminates on the 30 June 2033 with
         the interest rate set by OTC annually. Applicable interest rate for 2015 was
         5.47% (2014 5.38%).

 11 Equity investments

     Details of the associate is as follow.

     Name of Associate ~              Unitvwater
     Princioal Activitv -              Water and sewerane services
     Place of Ooerations -            Moreton Bav Sunshine Coast & Noosa R          ions
     Prooortion of oarticioation -    4.25%