Meeting papers

Noosa Council
Statement of Financial Position
For the Year Ended 30 June 2024
As at 31 May 2024
                                      2024 Year End
                                           Forecast    2024 YTD          2023
                                             ($'000)      ($'000)      ($'000)
Current Assets
      Cash and cash equivalents              88,900      113,174      116,506
      Trade and other receivables            12,315       13,442       10,728
      Inventories                               198          211          198
      Contract Assets                             -          958          958
      Other current assets                    2,854        3,721        4,377
Total Current Assets                        104,267      131,507      132,767

Non Current Assets
      Trade and other receivables            49,218       49,218       49,218
      Other non current Assets                    -            -            -
      Investments                            99,580       96,515       96,515
      Investment property                     4,000        4,000        4,000
      Property, plant and equipment       1,406,052    1,247,967    1,211,039
      Right of Use Assets                        39           39           39
      Intangible assets                         555          231          608
Total Non Current Assets                  1,559,444    1,397,970    1,361,418

Total Assets                              1,663,712    1,529,477    1,494,185

Current Liabilities
      Trade and other payables                9,257       11,352       10,539
      Contract Liabilities                    4,000       24,643       24,643
      Borrowings                              1,344          168        1,262
      Lease Liablities                           23           23           23
      Provisions                              8,103        7,122        8,601
      Other                                   8,931        4,976        8,945
Total Current Liabilities                    31,659       48,284       54,014

Non Current Liabilities
      Borrowings                             30,646       23,083       23,083
      Lease Liabilities                          40           17           17
      Provisions                             33,251       31,860       32,474
      Other                                   8,207        8,230        8,230
Total Non Current Liabilities                72,144       63,191       63,805

Total Liabilities                           103,802      111,475      117,818

Net Community Assets                     1,559,909     1,418,002    1,376,367

Community Equity
    Asset Revaluation Surplus               357,102      334,616      334,616
    Retained Surplus / (Defeciency)               -            -            -
    Shire Capital                         1,202,806    1,041,750    1,023,262
    Current Year Net Earnings                     -       41,636       18,489
Total Community Equity                   1,559,909     1,418,002    1,376,366




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