Annual Report 2015-16

Financial Statements 2016

Noosa Shire Council

Notes to the Financial Statements
for the year ended 30 June 2016
Note 23. Trust Funds

                                                                                        2016          2015
                                                                          Notes        $'000         $'000

Trust funds held for outside parties

Monies collected or held on behalf of other entities yet to be paid out to or on
behalf of those entities                                                        _      2,670  _      2,466 |
                                                                                      2,670   —_    2,466
Noosa Shire Council performs only a custodial role in respect of these monies. As
these funds cannot be used for Council purposes, they are not brought to account
in these financial statements.

Note 24. Reconciliation of Net Result for the year to Net
             Cash Inflow/(Outflow) from Operating Activities

Net operating result from Income Statement                                           17,025        17,829
Non-cash items
Depreciation and amortisation                                              7          16,973        15,920
Impairment of receivables and bad debts written off                                        1             6
Interest expense capitalised in QTC loans                                              2,319         2,267,
                                                                                     19,294        18,199
Losses/(Gains) recognised on fair value re-measurements through the P&L
Investment properties                                                                   (319)         (604)
Unwinding of Discount Rates on Reinstatement Provisions                                 850
                                                                                       531         (526)
Investing and development activities
Loss on write-off and disposal of assets                                               1,203          901
Non cash capital grants and contributions                                  4          (7,696)       (6,279)
Share of net (profits)/losses of Associates                                           (5,793)            -
Net equity income from investments                                              e819)
                                                                                (12,286)           (8,573)
Changes in operating assets and liabilities:
(Increase)/Decrease in receivables                                                       (45)        (191)
(Increase)/Decrease in inventories                                                       (52)           (1)
Increase/(Decrease) in payables and accruals                                             88           758
Increase/(Decrease) in other liabilities                                               (481)          339
Increase/(Decrease) in Employee Leave Entitlements                                      252              -
Increase/(Decrease) in other provisions                                                    -         (344)
                                                                                       (238)          561
Net cash inflow from Operating Activities                                       _    24,326        27,490 |

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