Annual Report 2018-19

                                                                                                   Financial Statements 2019



Noosa Shire Council

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

Note 17. Provisions (continued)
                                                                                                     2019                2018
                                                                                     Notes           $'000               $'000


Council has the following restoration provisions:

Landfill Sites

The provision represents the present value of the anticipated future costs associated with the closure of the
Eumundi Rd landfill sites, decontamination and monitoring of historical residues and leaching on the site.
The calculation of this provision requires assumptions such as application of environmental legislation, site
closure dates, available technologies and engineering cost estimates. These uncertainties may result in future
actual expenditure differing from amounts currently provided. Because of the long-term nature of the liability,
the most significant uncertainty in estimating the provision is the costs that will be incurred.
The provision recognised for the Eumundi Rd landfill sites is reviewed at least annually and updated based on
the facts and circumstances available at the time. Management estimates that the site will fully close in 2070
and that site restoration will occur progressively over the subsequent thirty years. The provision recognises the
costs associated with closure and rehabilitation of historical and existing cells as well as the rehabilitation of the
site following full closure in 2070.

Quarry Sites
The provision represents the present value of the anticipated future costs associated with the closure of the
Ringtail Creek quarry site, reclamation and rehabilitation of the site.
The calculation of this provision requires assumptions such as application of environmental legislation, site
closure dates, available technologies and engineering cost estimates. These uncertainties may result in future
actual expenditure differing from amounts currently provided. Because of the long-term nature of the liability,
the most significant uncertainty in estimating the provision is the costs that will be incurred. The provision
recognised for quarry sites rehabilitation is reviewed at least annually and updated based on the facts and
circumstances available at the time.

                                                                                                     2019                2018
                                                                                     Notes           $'000               $'000


Current

Long Service Leave                                                                                  4,630             4,364
Landfill Sites                                                                                        288               284

TOTAL CURRENT PROVISIONS                                                                            4,918            4,648

Non-current

Long Service Leave                                                                                    776               618
Quarry Rehabilitation                                                                                  50                50
Landfill Sites                                                                                     10,697             9,069

TOTAL NON-CURRENT PROVISIONS                                                                      11,523             9,737




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