Annual Report 2021-22(PDF, 15MB)

Noosa Council
General Purpose Financial Statements
for the year ended 30 June 2022
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            Table of Contents                                                                                   Page


            Primary Financial Statements
            Statement of Comprehensive Income                                                                      3
            Statement of Financial Position                                                                        4
            Statement of Changes in Equity                                                                         5
            Statement of Cash Flows                                                                                6

            Notes to the Financial Statements

            1        Information about these Financial Statements                                                  7
            2a       Council Functions – Component Descriptions                                                    9
            2b       Council Functions – Analysis of Results by Function                                          10
            3        Revenue                                                                                      11
            4        Interest and Other income                                                                    14
            5        Capital Income                                                                               14
            6        Employee Benefits                                                                            15
            7        Materials and Services                                                                       15
            8        Finance Costs                                                                                16
            9        Capital Expenses                                                                             16
            10       Cash, Cash Equivalents and Financial Assets                                                  16
            11       Receivables                                                                                  17
            12       Other Assets                                                                                 20
            13       Equity Investments                                                                           20
            14       Investment Property                                                                          22
            15       Property, Plant and Equipment                                                                23
            16       Intangible Assets                                                                            32
            17       Contract Balances                                                                            32
            18       Leases                                                                                       33
            19       Payables                                                                                     36
            20       Borrowings                                                                                   37
            21       Provisions                                                                                   38
            22       Other Liabilities                                                                            39
            23       Asset Revaluation Surplus                                                                    40
            24       Commitments for Expenditure                                                                  40
            25       Contingent Liabilities                                                                       40
            26       Superannuation                                                                               41
            27       Reconciliation of Net Result for the year to Net Cash Inflow/(Outflow) from Operating        42
                     Activities
            28       Changes in Accounting Policy                                                                 42
            29       Events after the Reporting Period                                                            44
            30       Financial Instruments and Financial Risk Management                                          45
            31       National Competition Policy                                                                  48
            32       Trust Funds                                                                                  48
            33       Transactions with Related Parties                                                            49



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