2020-11-16 GC Agenda - Item 6 - Attachment 1 - Noosa Council Annual Report 2019-20

Noosa Shire Council

Notes to the Financial Statements
for the year ended 30 June 2020

Note 27. Reconciliation of Net Result for the year to Net Cash Inflow/(Outflow)
        from Operating Activities
                                                                              2020           2019
                                                                 Notes        $'000          $'000


Net Operating Result from Income Statement                                  10,988        17,485

Non-cash items
Depreciation and Amortisation                                               16,521         15,805
Changes in Accounting Policy                                                (3,869)             -
                                                                            12,652        15,805

Losses/(Gains) recognised on fair value re-measurements through the Income Statement
Investment Properties                                                           300           867
Unwinding of discount rates on reinstatement provisions                       3,307         1,632
                                                                             3,607          2,499

Investing and Development Activities
Net (Profit)/Loss on Disposal of Assets                                       3,851          2,417
Non cash Capital Grants and Contributions                                    (8,400)        (8,696)
Share of Net (Profits)/Losses of Associates                                  (6,094)        (6,452)
Impairment of Receivables and Bad Debts written off                               1              1
Interest Expense capitalised in QTC loans                                     1,234          3,382
                                                                            (9,408)        (9,348)

Changes in Operating Assets and Liabilities:
(Increase)/Decrease in Receivables                                             (572)           (94)
Increase/(Decrease) in Provision for Doubtful Debts                              12              -
(Increase)/Decrease in Inventories                                               17             27
(Increase)/Decrease in Contract Assets                                          (27)             -
(Increase)/Decrease in other Assets                                           1,396          1,487
Increase/(Decrease) in Payables                                                 339         (2,287)
Increase/(Decrease) in Contract Liabilities                                   1,568              -
Increase/(Decrease) in Employee Leave Entitlements                              598            424
Increase/(Decrease) in Other Provisions                                           0             (1)
Increase/(Decrease) in Other Liabilities                                        692          2,378
                                                                             4,023          1,934

Net Cash provided from/(used in) Operating activities from the
Statement of Cash Flows                                                     21,862        28,375




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