Annual Report 2021-22(PDF, 15MB)

Statement of Financial Position
The Statement of Financial Position (or balance sheet) measures what Council owns (i.e. its assets),
and what we owe (i.e. liabilities) to determine the total community equity (net worth) at the end of each
financial year. Overall, Council’s investment in community capital continues to grow steadily.

Figure 6 summarises the movement in Council’s           Cash levels have increased due to sustainable
assets and liabilities that comprise community          cash management practices, the advance
equity.                                                 payment of multi-year waste levy subsidies,
                                                        increased capital grant funding and the timing of
Figure 6 – Comparative Statement of Financial           capital works projects. Debt levels have
Position 2021/22 ($’000)                                remained consistent as Council continues to
                             2020/21         2021/22    strengthen its debt position. Overall, our net
                                              ($’000)   cash position (i.e. cash less debt) continues to
                              ($’000)
                                                        be strong with an increase of $28.4 million year
 Assets                                     1,443,840   on year.
                          1,180,249

 Liabilities                  61,682          94,032    Figure 7 – Cash and Debt Comparison
                                                        2021/22 ($’000)
 Community                1,118,567         1,349,808
 Equity


Figure 7 shows Council’s cash and debt
holdings as at 30 June 2022 compared to
the previous year.




Assets – what we own
Current     assets   are     represented  by            Figure 8 – Non-Current Assets and
cash,     investments,     inventories   and            Community Infrastructure 2021/22 ($’000)
receivables     (money owed to Council).
Council’s current assets as at 30 June 2022
equated to $112.0 million.

Non-current     assets     of   $1.3     billion
includes property, plant and equipment
totalling $1.2 billion, as well as the
value     of     Council’s    investment       in
Unitywater. Property, Plant and Equipment
represents community infrastructure which
includes     roads,    bridges,    stormwater,
buildings, land and other operational
assets owned and controlled by Council.

The main non-current asset categories and
their respective values are shown in the Figure
8.


Liabilities – what we owe
Money owed by Council is presented as both current and non-current liabilities in the statement of
financial position. Current liabilities are those amounts that are payable by Council within the next twelve
months, and non-current liabilities are payable beyond the twelve month horizon.


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Noosa Council | Annual Report 2021 – 2022