Annual Report 2018-19

Liabilities – what we owe
Money owed by Council is presented as both current and non-current liabilities in the statement of financial position.
Current liabilities are those amounts that are payable by Council within the next twelve months, and non-current liabilities
are payable beyond the twelve month horizon.

The most significant element is loans raised by Council to fund the investment in community infrastructure. During 2018/19,
Council’s total loan borrowings reduced significantly due to no new loans being drawn down, with the standard annual
existing loan repayments being supplemented with an additional one-off repayment of $10 million.


Statement of changes in equity
The statement of changes in equity illustrates how the net worth of Council has changed as a result of activities undertaken
during the period. Council’s total community equity as at 30 June 2019 is $1.0 billion. Community equity is equal to total
assets (what we own) less total liabilities (what we owe) and represents Council’s net investment in assets.


Statement of cash flows
The statement of cash flows shows where Council has generated cash and where these funds have been expended. The
detailed schedule in the financial statements is summarised in Figure 9 (columns above the line represent cash flowing into
the organisation and columns below the line represent cash payments made).

Figure 9 –Net Cash Flow Sources 2018/19 ($’000)


 $35,000
 $30,000
 $25,000
 $20,000
 $15,000
 $10,000
  $5,000
       $-
 -$5,000
-$10,000
-$15,000
-$20,000
-$25,000
              Operating Activities Investing Activities Financing Activities              Net Movement in
                                                                                               Cash

Key elements to Council’s annual cash flow include:

    • Operating activities depicts the net of income received from rates, interest, grants, etc. and payments made to
      suppliers and employees.

    • Investing activities relate to the acquisition and sale/disposal of long-term assets, generally in the form of roads,
      bridges, plant and equipment, etc. A negative outcome here represents a net investment in community infrastructure
      during the reporting period.

    • Financing activities shows the receipt and repayment of Council borrowings. A negative outcome here represents
      that Council has repaid more loans compared to new borrowings raised.


Noosa Council | 2018/2019 Annual Report                                                                           Page 47