Annual Report 2018-19

                                                                                                      Financial Statements 2019



Noosa Shire Council

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

Note 25. Trust Funds
                                                                                             2019               2018
                                                                                   Notes     $'000              $'000


Trust funds held for outside parties

Monies collected or held on behalf of other entities yet to be paid out to or on
behalf of those entities                                                                    3,615              3,387
                                                                                            3,615              3,387

Noosa Shire Council performs only a custodial role in respect of these monies. As these funds cannot be used for
Council purposes, they are not brought to account in these financial statements.


Note 26. Reconciliation of Net Result for the year to Net
         Cash Inflow/(Outflow) from Operating Activities
                                                                                             2019                2018
Net operating result from Income Statement                                                 17,485                593
Non-cash items
Depreciation and amortisation                                                       8      15,805             15,120
Non cash capital contributions                                                             (3,556)            (4,906)
Impairment of receivables and bad debts written off                                             1                 13
Interest expense capitalised in QTC loans                                                   3,382              2,104
                                                                                           15,632            12,331

Losses/(Gains) recognised on fair value re-measurements through the P&L
Investment properties                                                                         867                238
Unwinding of Discount Rates on Reinstatement Provisions                                     1,632                 94
                                                                                            2,499                332

Investing and development activities
Loss on write-off and disposal of assets                                                     2,417            24,036
Capital grants and contributions                                                    4       (5,140)           (6,369)
Share of net (profits)/losses of Associates                                                 (6,452)           (5,075)
                                                                                           (9,175)           12,592

Changes in operating assets and liabilities:
(Increase)/Decrease in receivables                                                             (94)           (1,194)
(Increase)/Decrease in inventories                                                              27               105
Increase/(Decrease) in other assets                                                          1,487                30
Increase/(Decrease) in payables and accruals                                                (2,287)             (289)
Increase/(Decrease) in other liabilities                                                     2,378               203
Increase/(Decrease) in employee leave entitlements                                             424               372
Increase/(Decrease) in other provisions                                                         (1)              (13)
                                                                                            1,934               (786)
Net cash inflow from Operating Activities                                                  28,375            25,062




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