Annual Report 2015-16

Financial Statements 2016

 Noosa Shire Council

 Notes to the Financial Statements
 for the year ended 30 June 2016
 Note 7. Depreciation and Amortisation

                                                                                      2016          2015
                                                                         Notes        $'000         $'000

 Depreciation/Amortisation of Non Current Assets

Buildings                                                                            1,341         1,457
 Plant and Equipment                                                                   712           623
 Road and Bridge Network                                                             9,648         9,129
 Storm Water                                                                         2,042         1,861
 Other Infrastructure Assets                                                         2,940         2,599
 Total Depreciation of Non Current Assets                                 11       16,683        15,669

 Amortisation of Intangible Assets

 Software _    os                _       _                                             290           251 -
 Total Amortisation of Intangible Assets                                  13          290           251
 TOTAL DEPRECIATION AND AMORTISATION                                           16,973.       15,920

 Note 8. Cash, Cash Equivalents and Investments

 Cash and Cash Equivalents

 Cash at Bank and on Hand                                                              391           175
 Cash Equivalent Assets
  - Deposits at Call                                                                38,195        34,716
  - Term Deposits                                                             ____ 14,000         16,000
 TOTAL CASH ASSETS, CASH EQUIVALENTS AND INVESTMENTS                           52,586        —_—50,891_

 Restricted Cash, Cash Equivalents and Investments
 Council's Cash and Cash Equivalents are subject to a number of Internal and
 External Restrictions that limit amounts available for discretionary of future use.
 These include:
 Externally imposed Expenditure Restrictions at the reporting date relate to the
 following cash assets:
 Unspent Government Grants and Subsidies                                               144           116
 Unspent Levy Funds                                                                  5,006         6,248
 Unspent Developer Contributions                                                     5,465         3,223
 Unspent Carbon Tax                                                                    969          635
 Total External Restrictions                                                       11,584        10,222 |
 Cash and cash equivalents includes cash on hand, all cash and cheques receipted but not banked
 at the year end, deposits held at call with financial institutions, other short-term, highly liquid
 investments with original maturities of three months or less that are readily convertible to known
 amounts of cash which are subject to an insignificant risk of changes in value, and bank overdrafts.
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