Annual Report 2015-16

Financial Statements 2016

Noosa Shire Council

Notes to the Financial Statements
 for the year ended 30 June 2016
Note 22. Equity Investments

Accounting Recognition:

Investment in Associates are accounted for using the Equity Accounting Method - and are
disclosed as a1 line entry in both the Income Statement and Statement of Financial Position.

                                                  Council's Share of Net Income    Council's Share of Net Assets
                                                          2016            2015             2016            2015
                                                          $'000           $'000           $'000            $'000
   Investment in Associate                               5,793            5413           72,324          67,464
   Total                                                 5,793            5113           72,324          67,464

Associates

Council has incorporated the following Associate into its consolidated Financial Statements.

(a) Net Carrying Amounts - Council's Share
                                            Nature of         Measurement                  2016            2015
Name of Entity                             Relationship      Method                       $'000           $'000
Unitywater                                  Associate         Equity                    69,141           65,212
Total Carrying Amounts                                                                  69,141           65,212

(b) Details
                                                                                                     Place of
Name of Entity                              Principal Activity                                       Business
                                                                                                  Moreton Bay,
                                                                                                  Sunshine
Unitywater                                  Water and Sewerage Services                           Coast &
                                                                                                  Noosa
                                                                                                  Regions

(c) Relevant Interests and Fair Values                                                             Proportion of
                                                                                                   Participation
Name of Entity                                                                                     2016  2015
Unitywater                                                                                         4.25% 4.25%

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