Annual Report 2021-22

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

Note 21. Provisions (continued)
§Note/Subtotal§
§Total§




$ '000                                                                                              2022               2021

Current
Annual Leave                                                                                        3,158              3,156
Long Service Leave                                                                                  4,657              4,947
Landfill Sites                                                                                      1,943                  –
Total Current Provisions                                                                           9,758              8,103

Non-Current
Long Service Leave                                                                                   815                977
Quarry Rehabilitation                                                                                 50                 50
Landfill Sites                                                                                    21,601             15,528
Total Non-Current Provisions                                                                     22,466              16,555


§Subnote§




Details of Movements in Provisions
Quarry Rehabilitation
Balance at beginning of financial year                                                                 50                 50
Balance at end of financial year                                                                      50                  50

Landfill Sites
Balance at beginning of financial year                                                            15,528             14,292
Additional Provision                                                                              10,860               1,975
Amounts Used                                                                                          (85)               (84)
Increase in provision due to unwinding of Discount                                                    240                156
Increase/(Decrease) in provision due to change in Discount rate                                   (6,285)            (4,023)
Increase/(Decrease) in provision due to change in Escalation rate                                   3,286              3,212
Balance at end of financial year                                                                 23,544              15,528



Note 22. Other Liabilities
§Note§




§Subnote§




$ '000                                                                                              2022               2021

Current
Waste Levy Subsidy received in advance                                                              3,232                  –
Unearned Revenue                                                                                    2,689              2,159
Prepaid Rates Liability                                                                             1,883              1,840
Total Current Other Liabilities                                                                   7,804              3,999
Non-Current
Waste Levy Subsidy received in advance                                                              8,826                  –
Total Non-Current Other Liabilities                                                               8,826                    –
Council is liability to pay the State a waste levy on most forms of commercial and household waste delivered to its disposal
sites. The State government provides Council with an annual subsidy to mitigate the impact on households resulting from
this levy. In June 2022, the State made an advance payment of the equivalent of four annual payments of the waste levy
subsidy. The advance payment provides certainty to Council for budget planning purposes and enables greater flexibility
when making investment decisions to help reduce waste generation and increase resource recovery. The full amount has
been recognised as a liability at 30 June 2022.




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