Annual Report 2015-16

Financial Statements 2016

     Noosa Shire Council

     Notes to the Financial Statements
     for the year ended 30 June 2016
     Note 15. Borrowings

                                                                                           2016         2015
                                                                                          $'000         $'000

     Current

     Loans - Queensland Treasury Corporation                                              2,932        2,633

     TOTAL CURRENT BORROWINGS                                                            2,932         2,633

     Non-current

     Loans - Queensland Treasury Corporation                                             35,186       36,748

     TOTAL NON-CURRENT BORROWINGS                                                       35,186       36,748 _

     Reconciliation of Loan Movements for the year
     Loans - Queensland Treasury Corporation
     Opening balance at beginning of financial year                                     39,381        41,177
     Loans Raised                                                                         1,360          794
     Loan Interest Capitalised in Period                                                  2,319        2,267
     Principal Repayments                                                                (4,942)      (4,857)
     Book value at end of financial year                                                38,118       39,381

     The QTC loan market value at the reporting date was $44,927,084.83 This represents
     the value of the debt if Council repaid it at that date. As it is the intention of Council
     to hold the debt for its term, no provision is required to be made in these accounts.
     No assets have been pledged as security by the council for any liabilities.
     Borrowings are all in $A and are underwritten by the Queensland State Government.

     Note 16. Provisions

     Current

     Long Service Leave                                                                   4,329        4,114
|    TOTAL CURRENT PROVISIONS                                                            4,329        4,114

     Non-current

     Long Service Leave                                                                    385           348
     Quarry Rehabilitation                                                                  50            50
     Landfill Sites                                                                       8,648        7,797

     TOTAL NON-CURRENT PROVISIONS                                                        9,083         8,195
                                                                                                  page 30