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Annual Report 2015-16

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Financial Statements 2016

Noosa Shire Council

Notes to the Financial Statements
 for the year ended 30 June 2016
Note 10. Investment Property

                                                                                        2016          2015
                                                                                        $'000         $'000

Fair value at Beginning of Financial Year                                              3,831              -
Fair value of Assets transferred from other Asset Category                                  -        3)227
Revaluation adjustment to the Income Account                                             319           604
TOTAL INVESTMENT PROPERTY                                                        4150                3,831

All investment property was valued at fair value by AEC Group Limited, an independent professionally qualified
valuation firm, as at 30 June 2016. Operating expenses in respect of investment property are shown in note 6.

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