Annual Report 2015-16

Financial Statements 2016

Noosa Shire Council

Notes to the Financial Statements
 for the year ended 30 June 2016
Note 8. Cash, Cash Equivalents and Investments (continued)

                                                                                     2016          2015
                                                                                     $'000        $'000

Restricted Cash, Cash Equivalents and Investments (continued)

Internally imposed Expenditure Restrictions at the reporting date relate to the
following assets:
Future Asset Replacement                                                            7,364         5:335
Natural Disaster Rehabilitation                                                     2,271         2,249
Waste Management                                                                    3,616         3,466
Specific Purpose Recurrent                                                          1,874         2,202
Total Internal Restrictions                                                       15;125        13,252

Total Unspent Restricted Cash, Cash Equivalents and Investments                   26,709        23,474

Cash and deposits at call are held in the Commonwealth Bank in a normal
business cheque account. On call accounts are also held with QTC. Deposits
at call earned variable interest over varying terms at interest rates of between 2.74%
and 3.22%.

Note 9. Trade and Other Receivables

Current

Rateable Revenue and Utility Charges                                                4,337         4,166
Other Debtors                                                                          63             -
GST Recoverable                                                                       561          458
Accrued Revenue                                                                     2,172         2,451
Prepayments                                                                           457          646
Fees and Charges                                                                      982       ___806
TOTAL CURRENT TRADE AND OTHER RECEIVABLES                                          8,572         8,527

Non-Current

Loans and Advances to Associates                                                   49,218       49,218
TOTAL NON-CURRENT TRADE AND OTHER RECEIVABLES                                     49,218        49,218

Interest is charged on outstanding rates at a rate of 11% per annum. There is no concentration of credit risk for
rates and utility charges, fees and other debtors receivable.

A new loan agreement for the subordinated debt was executed on the 21 June 2013. The new interest only loan
structure terminates on the 30 June 2033 with the interest rate set by QTC annually. Applicable interest rate for
2016 was 5.36% (2015: 5.47%).

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