Original source · versioned page text
2020-11-16 GC Agenda - Item 6 - Attachment 1 - Noosa Council Annual Report 2019-20
Text sections have not been matched to the original PDF pages. Use the original document to check page numbers.
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2020
Note 10. Receivables (continued)
2020 2019
Notes $'000 $'000
Refer also to Note 30 for further information about credit risk.
Interest is charged on outstanding rates (9.83% per annum from 1 July 2019, previously 11% per annum).
No interest is charged on other debtors. There is no concentration of credit risk for rates and utility charges,
fees and other debtors receivable.
A loan agreement for the subordinated debt was executed on the 21 June 2013. The interest only loan structure
terminates on the 30 June 2033 with the interest rate set by QTC annually. Applicable interest rate for 2020
was 4.86% (2019: 5.02%).
Note 11. Other Assets
Current
Prepayments 2,885 2,455
TOTAL CURRENT OTHER ASSETS 2,885 2,455
page 19
See the original
The page text is free to read. Viewing or downloading an original file needs an account.
Log in to see the originalLog in to download the original file
Large file: the download may take up to a minute.
Searchable page text hides email addresses. Original files are unchanged and may show email addresses.