Annual Report 2018-19

                                                                                                 Financial Statements 2019



Noosa Shire Council

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

Note 13. Fair Value Measurements (continued)


(1) The following table presents all assets and liabilities that have been measured and recognised at
    fair values:
                                                                              Fair Value
                                                                         Measurement using:
                                                                     Level 1       Level 2         Level 3               Total
                                                        Date           Quoted     Significant     Significant
                                                       of latest      prices in   observable    unobservable
                                                      valuation    active mkts        inputs          inputs
2019                                                                    $'000         $'000           $'000                  $'000
Property, Plant and Equipment
- Land                                                 31/03/18             -       7,228         144,480            151,708
- Buildings                                            30/06/15             -           -          62,079             62,079
- Road and Bridge Network                              31/03/18             -           -         451,546            451,546
- Storm Water                                          30/06/15             -           -         119,826            119,826
- Other Infrastructure Assets                          30/06/16             -           -          51,532             51,532
  Investment
- Asset  Class Property
               here…                                   30/06/19                     3,300               -              3,300
Total Property, Plant and Equipment                                         -      10,528         829,463            839,991

                                                      valuation    active mkts        inputs          inputs
2018                                                                    $'000         $'000           $'000                  $'000
Property, Plant and Equipment
- Land                                                 31/03/18             -        4,085        137,661            141,746
- Buildings                                            30/06/15             -            -         60,207             60,207
- Road and Bridge Network                              31/03/18             -            -        441,499            441,499
- Storm Water                                          30/06/15             -            -        120,142            120,142
- Other Infrastructure Assets                          30/06/16             -            -         54,104             54,104
  Investment
- Asset  Class Property
               here…                                   30/06/18                      4,167              -              4,167
Total Property, Plant and Equipment                                         -        8,252        813,613            821,865



(2) Transfers between Level 1 and Level 2 Fair Value Hierarchies

During the year, there were no transfers between Level 2 and Level 3 Fair Value hierarchies for recurring fair
value measurements.

Council's policy for determining transfers between Fair Value hierarchies is at the end of the reporting period.




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