Annual Report 2021-22(PDF, 15MB)

Noosa Council
Statement of Financial Position
as at 30 June 2022
§Statement§




                                                                                                                                 Restated
$ '000                                                                                      Notes                 2022              2021

Assets
Current Assets
Cash and Cash Equivalents                                                                     10                98,501              70,028
Receivables                                                                                   11                10,507               9,485
Inventories                                                                                                        143                 143
Contract Assets                                                                               17                     –                 487
Other Assets                                                                                  12                 2,898               2,938
Total Current Assets                                                                                          112,049              83,081
Non-Current Assets
Receivables                                                                                   11                49,343              49,468
Equity Investments                                                                            13                96,515              91,724
Investment Property                                                                           14                 3,300               2,900
Intangible Assets                                                                             16                   392                 407
Property, Plant and Equipment                                                                 15             1,182,177             952,580
Right of Use Assets                                                                           18                    64                  89
Total Non-Current Assets                                                                                   1,331,791           1,097,168

Total Assets                                                                                              1,443,840           1,180,249
Liabilities
Current Liabilities
Payables                                                                                      19                15,982                7,344
Contract Liabilities                                                                          17                 3,830                4,377
Borrowings                                                                                    20                 1,186                  955
Lease Liabilities                                                                             18                    26                   25
Provisions                                                                                    21                 9,758                8,103
Other Liabilities                                                                             22                 7,804                3,999
Total Current Liabilities                                                                                      38,586              24,803
Non-Current Liabilities
Borrowings                                                                                    20                24,114              20,258
Lease Liabilities                                                                             18                    40                  66
Provisions                                                                                    21                22,466              16,555
Other Liabilities                                                                             22                 8,826                   –
Total Non-Current Liabilities                                                                                  55,446              36,879

Total Liabilities                                                                                             94,032              61,682
Net Community Assets                                                                                      1,349,808           1,118,567

Community Equity
Asset Revaluation Surplus                                                                     23               321,754             108,473
Retained Surplus/(Deficit)                                                                                   1,028,054           1,010,094
Total Community Equity                                                                                    1,349,808           1,118,567
The comparatives have been restated following the IFRIC decision clarifying the capitalisation of costs relating to Software as a Service
(SaaS). Further details on the impact of this change are outlined in Note 28.

The above statement should be read in conjunction with the accompanying notes and Significant Accounting Policies.




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