Annual Report 2015-16

Financial Statements 2016

 Noosa Shire Council

 Notes to the Financial Statements
  for the year ended 30 June 2016
 Note 26. Financial Instruments (continued)

                                                                                             2016           2015
                                                                               Notes         $'000          $'000

 Ageing of past due receivables and the amount of any impairment is disclosed in the following table:
 Receivables
 Fully Performing                                                                           1,003            938
 Past due:
 - Less than 30 days overdue                                                                     -              -
 - 31 to 60 days overdue                                                                      149             61
 - 61 to 90 days overdue                                                                       19             25
 - Greater than 90 days overdue                                                             4,696          4,411
 - Loans and Advances to Controlled Entities and Associates                                49,218         49,218
 - Impaired                                                                                     (7)           (6)
Total                                                                           9         55,078    _—-54,647

 Liquidity Risk

 Liquidity risk refers to the situation where the Council may encounter difficulty in meeting obligations associated
 with financial liabilities that are settled by delivering cash or another financial asset. Noosa Shire Council is
 exposed to liquidity risk through its trading in the normal course of business and borrowings from the Queensland
 Treasury Corporation for capital works or borrowings from other financial institutions.
 Council manages its exposure to liquidity risk by maintaining sufficient cash deposits and undrawn facilities, both
 short and long term, to cater for unexpected volatility in cash flows. These facilities are disclosed in Note 15.
 The following table sets out the liquidity risk in relation to financial liabilities held by the Council. It represents the
 remaining contractual cashflows (principal and interest) of financial liabilities at the end of the reporting period,
 excluding the impact of netting agreements:
 jp          lin                            Ste                                   en                      ee
                                                                                         Contractual       Carrying
                                              0 to 1 year   1 to 5 years  Over 5 years   Cash Flows        Amount
 Sinai                                       pig Oth                                 ene          reameeemmmnaen
  2016
 Trade and Other Payables                       5,620              -              -         5,620          5,705
 Loans - QTC                                    4,967         19,917        25,900         50,784   ——_—- 338,118
                                         ____ 10,587         19,917        25,900     56,404             43,823
  2015
 Trade and Other Payables                       5,338              -              -         5,338          5,338
 Loans - QTC                                    4,942         19,755        28,458         53,155   |     39,381 _
                                              10,280         19,755        28,458         58,493         44,719
 The outflows in the above table are not expected to occur significantly earlier and are not expected to be for
 significantly different amounts than indicated in the table.

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