Annual Report 2021-22(PDF, 15MB)

Noosa Council
Statement of Changes in Equity
for the year ended 30 June 2022
§Note/Subtotal§
§Subnote§




                                                                                                   Asset
                                                                                              revaluation        Retained             Total
$ '000                                                                             Notes         surplus          surplus            equity


2022
Balance as at 1 July                                                                              108,473       1,010,094        1,118,567
Restated Balance as at 1 July                                                                    108,473       1,010,094       1,118,567

Net Result                                                                                                –         17,960          17,960

Other Comprehensive Income for the year
- Increase in Asset Revaluation Surplus                                              15           213,281                 –        213,281
Other Comprehensive Income                                                                        213,281                 –        213,281

Total Comprehensive Income for the year                                                          213,281           17,960         231,241

Balance as at 30 June                                                                            321,754       1,028,054       1,349,808



2021
Balance as at 1 July                                                                                86,524        998,584        1,085,108
Correction of Prior Period Errors                                                                        –             928              928
Changes in Accounting Policies                                                                           –         (2,884)          (2,884)
Restated Balance as at 1 July                                                                      86,524        996,628       1,083,152

Net Result                                                                                                –         13,466          13,466

Other Comprehensive Income for the year
- Increase in Asset Revaluation Surplus                                              15             21,949                –         21,949
Other Comprehensive Income                                                                          21,949                –         21,949

Total Comprehensive Income for the year                                                            21,949          13,466          35,415

Balance as at 30 June                                                                            108,473       1,010,094       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.




                                                                                                                                Page 5 of 62