Annual Report 2018-19

                                                                             Financial Statements 2019



Noosa Shire Council

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

Note 24. Equity Investments (continued)
                                                                                 2019              2018
                                                                                 $'000             $'000


(d) Summarised financial information for associate is set out below

Summarised Statement of Financial Position - Councils Share                         Unitywater
                                                       2019           2018


Assets                                                                        165,843          160,562
Total Assets                                              -              -    165,843          160,562


Liabilities                                                                    79,274            79,003
Total Liabilities                                         -              -     79,274            79,003
Net Assets                                                -              -     86,569            81,559

Reconciliation of the Carrying Amount of Participation Rights
Opening Net Assets (1 July)                                -                   78,377            73,332
Profit/(Loss) for the period                                                    6,452             5,075
Dividends Payable                                                              (1,487)              (30)
Closing Participation Rights                               -             -     83,342            78,377
Council's share in %                                                            4.25%             4.25%
Council's share in $                                                           86,569            81,559

Summarised Statement of Comprehensive Income - Councils Share                       Unitywater


                                                                                  2019              2018
Income                                                                         31,050             29,591
Income Tax Expense                                                             (2,757)            (3,682)
Total Expenses                                                                (21,841)           (20,834)
Profit/(Loss) for Period                                  -              -      6,452              5,075
Total Comprehensive Income                                -              -       6,452            5,075
Dividends received by Council                                                    1,487                   30




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