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2020-11-16 GC Agenda - Item 6 - Attachment 1 - Noosa Council Annual Report 2019-20
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Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2020
Note 12. Equity Investments (continued)
2020 2019
Notes $'000 $'000
(d) Summarised financial information for Associates
Summarised Statement of Financial Position - Councils Share Unitywater
Assets 172,223 165,843
Total Assets - - 172,223 165,843
Liabilities 80,584 79,274
Total Liabilities - - 80,584 79,274
Net Assets - - 91,639 86,569
Reconciliation of the Carrying Amount
Opening Net Assets (1 July) - 83,342 78,377
Profit/(Loss) for the period 6,094 6,452
Dividends Payable (1,396) (1,487)
Closing Participation Rights - - 88,040 83,342
Council's share in % 4.25% 4.25%
Council's share in $ 91,639 86,569
Summarised Statement of Comprehensive Income Unitywater
Income 31,027 31,050
Income Tax Expense (2,607) (2,757)
Other Expenses (22,326) (21,841)
Profit/(Loss) for period - - 6,094 6,452
Total Comprehensive Income - - 6,094 6,452
Dividends received by Council 1,396 1,487
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