2014-01-13 Deamalgamation Report Attachment

Attachment 2:   Noosa De-amalgamation Cost Statement at 31 December 2013
Page 14 of 95

Attachment 2:      Noosa De-amalgamation Cost Statement at 31 December 2013

      NOOSA DE-AMALGAMATION COSTS STATEMENT
                                                                         Costs                                                     Actual     Actual     Actual     Actual
      One-off costs associated with de-amalgamation ($)      QTC    IncurredTo  Actual/May ActualJune    Actual July      Actual September    October November December
                                                        Forecast          Date       2013        2013          2013 August 2013       2013      2013       2013       2013
      Govemance, planning and implementation costs                   $1,132,143    $24,190     $32,348     $121,603     $121,409  $165,132   $141,887    $99,081  $426,493
      Industrial relations costs                                       $15,225         $0        $7,600         $0           $0     $7,385      $240         $0         $0
      Community & staff engagement costs                                $3,622         $o           $o       $3,622          $o         $0        $0         $0         $o
      Legal due diligence costs                                        $81,031      $8,167       $1,500         $0       $11,256    $2,149    $51,164     $6,795        $0
      Accounting and finance due diligence costs                           $0          $0          $0           $0           $0         $0        $0         $0         $0
      New ICT costs                                                     $6,400         $0          $0           $0           $0    $3,200         $0        $0      $3,200
      Other costs (Incl SCRC staff time)                              $983,889     $12,088      $13,218     $65,970      $59,897  $103,321   $187,067   $175,300  $367,028
      Total one-off costs                               $3,604,439   $2,222,310    $44,445      $54,666    $ 191,195    $192,563  $281,186   $380,358   $281, 176 $796,722
                                                                         Costs                                                      Actual     Actual     Actual    Actual
      Fixed Asset de-amalgamation costs ($)                         Incurred To Actuai/May ActualJune    Actual July      Actual September    October November December
                                                                         Date        2013         2013         2013 August 2013       2013      2013      2013        2013
      New ICT assets                                                       $0          $0          $0           $0           $0         $0        $0         $0         $0
      New other property, plant and equipment                              $0          $0          $0           $0           $0         $0        $0         $0         $0
      Total one-off fixed asset costs                   $7,415,169         $0          $0           $0          $0           $0         $0         $0        $0         $0
      Annual Recurring Costs                            $2,630,967         $0          $0           $0          $0           $0         $0         $0
      Total Costs Incurred                             $13,650,575   $2,222,310    $44,445      $54,666    $191,195     $192,563  $281,186   $380,358   $281,176  $796,722
      Note
     Cost to date may not be reflective of total costs incurred due to timing of billing arrangements

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