Annual Report 2015-16

Financial Statements 2016

 Noosa Shire Council

 Notes to the Financial Statements
 for the year ended 30 June 2016
 Note 11. Property, Plant and Equipment
                                                                                                                                          |
 30 June 2016                                                                              Capital Work in                        :           Plant and     Road and Bridge                Other Infrastructure
                                                                                             Progress           Land          Buildings   |   Equipment        Neksork       Storm Water        Assets           Total
                                                     a                                                         $000                                                                                              $000
 Measurement Basis                                                                  Not                       Fair Value
 Opening Gross Balance - at Cost                                                                   7,396                                -           8,354                                - |        gl              15,750
 Opening Gross Balance - at Fair Value                                                                  -        119,514           75,985               -         621,127         161,968                        1,061,516
 Opening Gross Balance as at 1 July 2015                                                           7,396         119,514           75,985           8,354         621,127         161,968          82,922        1,077,266
 Correction to Opening Balances                                                                         -               -          (1,289)              -               -                -             (18)         (1,307)
Additions*                                                                                        28,949            3,780              20           2,208          16,912           4,020             435           56,324
Disposals                                                                                               -               -               -            (758)              -                -               -            (758)
Write-offs                                                                                              -               z               3               2          (2,107)               z            (131)         (2,238)
 Revaluation Adjustment to Other Comprehensive Income (Asset Revaluation Surplus)    17                 -           6,815           1,783               -               -                -           4,134          12,732
 Work in Progress Transfers                                                                       (27,381)              -               -               -               -                -               -         (27,381)
 Adjustments and Other Transfers                                                                     (84)               -               -               -               -                -               -             (84)
 Internal Transfers to Other Asset Classes   _               —                  |                       -               -            (102)           505              855             468              16                :
Total Gross Value of Property, Plant and Equipment - at Cost as at 30 June 2016          a                          ee                             1o308{           -| -{ «|                                        19,187
Total Gross Value of Property, Plant and Equipment - at Fair Value as at 30 June 2016    |           ti’         130,109           76,397               :         635,076         166,456         87,327, —-1,095,365 |
Total Gross Value of Property, Plant and Equipment as at 30 June 2016                ——s«B 879)                 «130,109 |       76,397            10,308) «635,076.              166,456          87,327) ‘1,114,552 |
 Opening Accumulated Depreciation as at 1 July 2015                                                                                15,602             835          98,527          49,594          25,630          190,188
 Correction to Opening Balances                                                                                                      (7a                -               -                -             (17)           (194)
 Depreciation Provided in the Period                                                  ?                                             1,341             712           9,648           2,042           2,940           16,683
 Depreciation on Disposals                                                                                                              -            (151)              -                -               -            (151)
 Depreciation on Write-offs                                                                                                             -               -          (1,128)               -             (63)         (1,191)
 Revaluation Adjustment to Other Comprehensive Income (Asset Revaluation Surplus)    17                                             448                 -               -                -          2,101            2,549
 Internal Transfers to Other Asset Classes                                                                                            25             242              118              45             144                -
Total Accumulated Depreciation of Property, Plant and Equipment as at 30 June 2016        PF                                       17,189           1,638         106,929, —-51,682 |             30,447          207,885
Consolidated Book Value as at 30 June 2016                                                         8879)   —- 130,109 |          59,208             8,670,  —=—- 528,147 |        114,774          56,880         906,667
Other information                                                                    F <=-yaapuasiltaa- cna neracge apcggumeaaspmcmomacamnapasmmiican aiegmais eammuniecacomnumatecctucn: Lonel
 Range of Estimated Useful Life (in years                                              Po                                           3-120)           1-50]         3-120)           17-100]         2-120)
*Asset Additions Comprise                                                               [satel               eee eeererereeernpmenmeereereeerereneeeeereearoseneemmpeseenesemaresnanesnassnamusaasnasansanienanasunscsanutl
 Other Additions                                                                                                   3,780              20               94           6,150           3,680             138          13,862
                                                                                                                  3,780               20,2208) 16,912)                             4020)             485           28,859

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