2021-01-18 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA   18 JANUARY 2021




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GENERAL COMMITTEE MEETING AGENDA                                                                                   18 JANUARY 2021

                                                                                                                     Attachment 2

             Noosa Council
             Statement of Financial Position
             For the Year Ended 30 June 2021
             As at 31 December 2020
                                                               2021 Year End
                                                                  Forecast                2021 YTD                  2020
                                                                   ($'000)                 ($'000)                  ($'000)
             Current Assets
                 Cash and cash equivalents                                 52,550                  60,413                  57,023
                 Trade and other receivables                                9,117                   6,954                   5,440
                 Inventories                                                  181                     173                     181
                 Contract Assets                                                 -                     27                      27
                 Other current assets                                       2,912                   2,875                   4,732
                                                                           64,760                  70,442                  67,403
                 Non Current Assets held for sale                                -                       -                       -
             Total Current Assets                                          64,760                  70,442                  67,403

             Non Current Assets
                 Trade and other receivables                               49 593                  49,593                  49,593
                 Investments                                               88,040                  88,040                  88,040
                 Investment property                                        3,000                   3,000                   3,000
                 Property, plant and equipment                            961,982                 928,958                 929,355
                 Right of Use Assets                                             -                    161                     161
                 Intangible assets                                          8,400                   7,941                   7,635
             Total Non Current Assets                                   1,111,014               1,077,692               1,077,783

             Total Assets                                               1,175,774               1,148,134               1,145,186

             Current Liabilities
                 Trade and other payables                                   6,512                   9,770                  10,642
                 Contract Liabilities                                            -                  1,568                   1,568
                 Borrowings                                                 3,152                   1,705                   3,023
                 Lease Liablities                                                -                     54                      54
                Provisions                                                  7,582                   2,363                   4,630
                 Other                                                      4,780                   1,918                   1,561
             Total Current Liabilities                                     22,026                  17,378                  21,478

             Non Current Liabilities
                 Borrowings                                                19,114                  18,493                  18,493
                 Lease Liabilities                                            110                     110                     110
                Provisions                                                 15,307                  15,399                  15,307
             Total Non Current Liabilities                                 34,531                  34,002                  33,910

             Total Liabilities                                             56,557                  51,380                  55,388

             Net Community Assets                                      1,119,217               1,096,754               1,089,798

             Community Equity
                 Asset Revaluation Surplus                                103,738                  86,525                  86,525
                 Retained Surplus / (Defeciency)                                 -                       -                       -
                 Shire Capital                                          1,015,479               1,003,273                 992,284
                 Current Year Net Earnings                                       -                  6,956                  10,989
             Total Community Equity                                    1,119,217               1,096,754               1,089,798

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