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

                                                                                                                  QAO
                                                                                                           certified statements




 NOOSA SHIRE COUNCIL

 Noles to the financial statements
 For the year ended 30 June 2015
                                                                                                            2014
                                                                                               2015       16months)

                                                                                      Note       $            $
          The aTC loan market value at the reporting date was $44,938,354.70

          This represents the value of the debt if Council repaid it at that date.
          As it is the intention of Council to hold the debt for its term, no
          orovision is reouired to be made in these accounts.
          No assets have been pledged as security by the council for any
          liabilities.
          Borrowings are all in $A and are underwritten by the Queensland State
          Government

 19 (I) Asset revaluation surplus
         Balance at the beginning of financial year

              Buildings                                                                       5,638,455
              Storm Water                                                                     8.695.652
          Balance at end of the financial year                                               14,334,107

 20 Commitments for expenditure
       Operating leases
           Minimum lease payments in relation to non-cancellable operating
           leases are as follows:
                Within one year                                                                 330,919      658.948
                Later than 1 year but not later than 5 years                                     33,726      333,285
                Later than 5 years
                                                                                                364,645      992,233
         Operating leases are entered into for motor vehicles and IT equipment.
         lease payments are generally fixed, but with inflation clauses on
         which future rentals are determined.

         Contractual Commitments
             Contractual commitments at balance date but not recognised
             in the financial statements are as follows:
                  Within one year                                                            13,496,071    5,162,500
                  One to five years                                                          13,192,800    1,671,416
                  later than five years
                                                                                             26,688,871   6,833,916

         Capital Commitments
             Commitment for the construction of the following assets
             contracted for at the reporting date but not recognised as liabilities
             are as follows:
                  Roads, Bridges and Stormwater                                              6,395,227      510,800
                 Pathways                                                                      217,581      514,500
                 Other                                                                       1,446,400      238,700
                                                                                             8,059,208    1,264,000
             These expenditures are payable:
                 Within one year                                                             8,059,208    1,264,000
                 later than 1 year but not later than 5 years
                 later than 5 years
                                                                                             8,059,208    1,264,000

21 Events after balance date
       There were no material financial adjusting events after balance date.




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