Annual Report 2018-19

                                                                                                                                                                                                                                         Financial Statements 2019




          Noosa Shire Council

          Notes to the Financial Statements
          for the year ended 30 June 2019

          Note 12. Property, Plant and Equipment (continued)

                                                                                                                                                                                                                        Other
          30 June 2019                                                                                   Capital Work in
                                                                                                                             Land           Buildings
                                                                                                                                                             Plant and         Road and Bridge
                                                                                                                                                                                                  Storm Water       Infrastructure             Total
                                                                                                           Progress                                          Equipment            Network
                                                                                                                                                                                                                        Assets

                                                                                                              $'000          $'000            $'000            $'000                $'000            $'000              $'000                  $'000
          Measurement Basis                                                                       Note        Cost         Fair Value       Fair Value         Cost              Fair Value        Fair Value        Fair Value
          Opening Gross Balance - at Cost                                                                        39,687              -                -          12,679                    -                 -                  -                52,366
          Opening Gross Balance - at Fair Value                                                                       -        141,746           80,852               -              555,935           178,393             92,063             1,048,989
          Opening Gross Balance as at 1 July 2018                                                                39,687        141,746           80,852          12,679              555,935           178,393             92,063             1,101,355
          Additions*                                                                                             24,848              -                -               -                    -                 -                  -                24,848
          Contributed Assets                                                                                          -            481                -               -                1,160             1,723                192                 3,556
          Disposals                                                                               5,10                -              -              (73)           (706)                   -                 -                  -                  (779)
          Write-offs                                                                              5,10             (521)             -                -               -               (3,766)              (13)              (324)               (4,624)
          Revaluation Decrements to P&L                                                            8                  -              -                -               -                    -                 -                  -                     -
          Revaluation Adjustment to Other Comprehensive Income (Asset Revaluation Surplus)        19                  -          9,070                -               -                    -                 -                  -                 9,070
          Work in Progress Capitalisation*                                                                      (24,308)           411            3,387           1,930               17,854               210                516                     -
          Internal Transfers to / from other Asset Classes                                                            -              -                -               -                    -                 -                  -                     -

          Total Gross Value of Property, Plant and Equipment - at Cost as at 30 June 2019                        39,706              -                -          13,903                    -                 -                  -                53,609
          Total Gross Value of Property, Plant and Equipment - at Fair Value as at 30 June 2019                       -        151,708           84,166               -              571,183           180,313             92,447             1,079,817
          Total Gross Value of Property, Plant and Equipment as at 30 June 2019                                  39,706        151,708           84,166          13,903              571,183           180,313             92,447             1,133,426
          Opening Accumulated Depreciation as at 1 July 2018                                                           -                -        20,645            3,459             114,440            58,251             37,955               234,750
          Depreciation Provided in the Period                                                      8                   -                -         1,478            1,165               7,402             2,236              3,208                15,489
          Depreciation on Disposals                                                               5,10                 -                -             -                -                   -                 -                  -                     -
          Depreciation on Write-offs                                                              5,10                 -                -           (36)            (236)             (2,205)                -               (248)               (2,725)
          Revaluation Decrements to P&L                                                            8                   -                -             -                -                   -                 -                  -                     -
          Revaluation Adjustment to Other Comprehensive Income (Asset Revaluation Surplus)        19                   -                -             -                -                   -                 -                  -                     -
          Total Accumulated Depreciation of
          Property, Plant and Equipment                                                                                -                -        22,087            4,388             119,637            60,487             40,915               247,514
          Total Impairment of
          Property, Plant and Equipment                                                                                -                -                -                -                   -                 -                    -                   -

          Total Accumulated Depreciation of Property, Plant and Equipment as at 30 June 2019                           -                -        22,087            4,388             119,637            60,487             40,915               247,514
          Consolidated Book Value as at 30 June 2019                                                             39,706        151,708           62,079            9,515             451,546           119,826             51,532               885,912
          Other Information
          Range of Estimated Useful Life (in years)                                                                    -                -         3 - 120             1 - 50            3-120          17 - 100              2-120
          *Asset Additions Comprise
           Asset Renewals                                                                                              -               -          2,393            2,102               14,414                418             1,362                20,689
           Other Additions                                                                                             -             608            576              166                2,271                 35               503                 4,159
page xx




          Total Asset Additions                                                                                        -             608          2,969            2,268               16,685                453             1,865                24,848




                                                                                                                                                                                                                                                          page 71