Annual Report 2021-22

Noosa Council
Notes to the Financial Statements
for the year ended 30 June 2022

Note 13. Equity Investments (continued)
§Total§




(b) Details

                          Principal Activity              Place of Business

Unitywater                Water and Wastewater Services   Moreton Bay, Sunshine Coast and Noosa Regions



§Total§




(c) Relevant Interests

                                                                                 Participation Portion
                                                                                     2022         2021

Unitywater                                                                          4.25%          4.25%


§Total§




(d) Summarised Financial Information for Associates

                                                                                  Unitywater
                                                                                 2022             2021
$ '000                                                                                         Restated

Current Assets                                                                 12,136             12,090
Non-Current Assets                                                            171,524            165,104
Total Assets                                                                  183,660            177,194


Current Liabilities                                                             7,508              6,782
Non-Current Liabilities                                                        76,012             75,063
Total Liabilities                                                              83,520             81,845

Net Assets                                                                    100,140             95,349

Reconciliation of the Carrying Amount
Opening Net Assets (1 July)                                                    91,724             87,599
Profit/(Loss) for the period                                                     6,508              5,556
Dividends Payable                                                              (1,717)            (1,495)
Other Adjustments to Equity                                                          –                 64
Closing Participation Rights                                                   96,515             91,724

Council's share in %                                                           4.25%              4.25%
Council's share in $                                                          100,140             95,349

Summarised Statement of Comprehensive Income
Income                                                                          32,229             30,756
Income Tax Expense                                                             (2,787)            (2,379)
Other Expenses                                                                (22,934)           (22,821)
Profit/(Loss) for the period                                                     6,508              5,556


Total Comprehensive Income                                                      6,508              5,556


Dividends received by Council                                                   1,717              1,495




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