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 2015                                                                                 Capital Work in                                     Plant and     Road and Bridge                 Other Infrastructure
|                                                                                                             Progress           Land          Buildings        Equipment       Network         Storm Water       Assets            Total
                                                                                                                          |
                                                                                                                          {
                                   Ee ee                                                               _|      s000      |       000 | st000                | S000                                                  $000       $000
               Measurement Basis                                                                     Not       Cost       }    Fair Value      Fair Value        Cost                                             Fair Value
               Opening Gross Balance - at Cost                                                                      1,523 |              ‘                3           7,478                                                              9,001
               Opening Gross Balance - at Fair Value                                                                     -|        120,945          74,546                 :        615,372          147,836           77,380        1,036,079
               Opening Gross Balance as at 1 July 2014                                                              1,523          120,945          74,546            7,478         615,372          147,836           77,380        1,045,080
|              Correction to Opening Balances                                                                            -               =             174 |               -           1,501                =                5           1,675
|             Additions*                                                                                            5,939              789              62 |          1,374            3,944              15            3,215           15,338
               Contributed Assets                                                                                        -               -                -|               -           1,251            1,187                -           2,438
              Disposals                                                                                                  -|              :                - |          (498)               :                -                7            (498)
              Write-offs                                                                                                 7               3              (75)                            (941)               s            (218)          (1,234)
               Revaluation Adjustment to Other Comprehensive Income (Asset Revaluation Surplus)       1                  -               -           5,527 |               -               -          12,930                 -          18,457
               Work in Progress Transfers                                                                             (66),              -                -                -               -                -              66                :
|              Transfers from/(to) Investment Properties                                              1                  -|         (2,220)          (1,770)               -               -                -                -          (3,990)
               Internal Transfers to Other Asset Classes                                     _        os                -                : |         (2,479)               :               -                -           2,479                :
               Total Gross Value of Property, Plant and Equipment - at Cost as at 30 June 2015                      7,396                :                -|          8,354                .                =|             el           15,750
               Total Gross Value of Property, Plant and Equipment - at Fair Value as at 30 June 2015               os              119,514 |        75,985 |               :        621,127          161,968           82,922        1,061,516
|              Total Gross Value of Property, Plant and Equipment as at 30 June 2015                                7,396          119,514          75,985            8,354         621,127          161,968           82,922        1,077,266
               Opening Accumulated Depreciation as at 1 July 2014                                                        -               -          15,186              243           89,681          43,499           23,023          171,632
               Depreciation Expense                                                                   7                  -               -            1,457             623            9,129            1,861           2,599           15,669
              Disposals                                                                                                  -               -                -             (31)               -                -               -              (31)
              Write-offs                                                                                                 = |             2              (25)               =            (283)               =            (134)            (442)
               Revaluation Adjustment to Other Comprehensive Income (Asset Revaluation Surplus)       17                 =]              -             (111)               -               -           4,234                 -           4,123
               Transfers from/(to) Investment Properties                                              10                 -|              -             (763)               -               -                -                -            (763)
               Internal Transfers to Other Asset Classes  —                               _             a                =|              :             142                 -               -                :             142            a!
               Total Accumulated Depreciation of Property, Plant and Equipment as at 30 June 2015                        -|              .          15,602 835)                       98,527          49,594; 25,630 |                 190,188
               Consolidated Book Value as at 30 June 2015                                                           7,396 119,514 |                 60,383            7,519 —«§22,600 |              112,374           57,292         887,078
               Other Information                                                                          a
              Range of Estimated Useful Life (in years                                      Let                                                       3-72             1-50]         0-150            17-100} 0-100)
               *Asset Additions Comprise                                                                  a
               Asset Renewals                                                                                       4,267                :             62             1,338           3,921                                             10,201
               Other Additions                                                         —                            1,672              789                -              36            1,274                            2,613            7,576
               Total Asset Additions                                                                    |          5 930{             ag]                 |           4,374)         5195)             1,203)           8,215 |         17,777

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