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 (continued)

 (d) Summarised financial information for associate is set out below

 Summarised Statement of Financial Position - Councils Share                           Unitywater
                                                                                      2016         2015
                                                                                     $'000         $'000
Assets                                                                            148,694       142,073
 Total Assets                                                                     148,694       142,073

Liabilities                                                                        76,370   ——-  74,610
 Total Liabilities                                                                 76,370        74,610
 Net Assets                                                                        72,324        67,464

 Reconciliation of the Carrying Amount of Participation Rights
 Opening Net Assets (1 July)                                                       65,212        62,017
 Profit/(Loss) for the period                                                       5,793         5,113
 Dividends Payable                                                                  (1,864)      (1,918)
 Closing Participation Rights                                                      69,141        65,212
 Council's share in %                                                               4.25%         4.25%
 Council's share in $                                                              72,324        67,464
 Summarised Statement of Comprehensive Income - Councils Share                         Unitywater
                                                                                     2016          2015
                                                                                     $'000         $'000
 Income                                                                            27,642        26,549
 Income Tax Expense                                                                 (2,080)      (1,867)
 Total Expenses                                                                   (19,769)      (19,568)
 Profit/(Loss) for Period                                                           5,793         6,113
 Total Comprehensive Income                                                         5,793     a 0,119
 Dividends received by Council                                                      1,864         1,918

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