Meeting papers

Attachment 2 - Statement of Financial Position
Noosa Council
Statement of Financial Position
For the Year Ended 30 June 2024
As at 31 July 2023
                                                                    Consolidated
                                                2024 Year End
                                                   Forecast          2024 YTD           2023
                                         Note         $                 $                $
Current Assets
     Cash and cash equivalents                            83,022            117,772            115,373
     Trade and other receivables                          12,219             47,521             10,604
     Inventories                                             144                176                178
     Contract Assets                                           -                  -                  -
     Other current assets                                  2,898              4,683              4,375
                                                          98,283            170,152            130,530
      Non Current Assets held for sale                         -                  -                  -
Total Current Assets                                      98,283            170,152            130,530

Non Current Assets
      Trade and other receivables                         49,343              49,343          49,343
      Other non current Assets                                  -                   -               -
      Investments                                         96,515              96,515          96,515
      Investment property                                  3,300               3,300           3,300
      Property, plant and equipment                    1,282,846           1,213,678       1,213,112
      Right of Use Assets                                     64                  64              64
      Intangible assets                                      613                 620             608
Total Non Current Assets                               1,432,681           1,363,519       1,362,941

Total Assets                                           1,530,965           1,533,671       1,493,471

Current Liabilities
      Trade and other payables                             8,964              14,284             9,844
      Contract Liabilities                                 3,830               3,830             3,830
      Borrowings                                             920                 290               231
      Lease Liablities                                        26                  26                26
      Provisions                                           8,103               1,772             4,840
      Other                                                2,804               3,104             4,570
Total Current Liabilities                                 24,647              23,305            23,341

Non Current Liabilities
      Borrowings                                          31,619              24,114            24,114
      Lease Liabilities                                       40                  41                41
      Provisions                                          24,121              22,460            22,460
      Other                                                8,826              11,319            11,319
Total Non Current Liabilities                             64,606              57,934            57,934

Total Liabilities                                         89,254              81,239            81,275

Net Community Assets                                  1,441,711           1,452,432       1,412,196

Community Equity
    Asset Revaluation Surplus                            366,747             321,755         321,755
    Retained Surplus / (Defeciency)                             -                   -               -
    Shire Capital                                      1,074,964           1,028,053       1,023,262
    Current Year Net Earnings                                   -            102,624          67,179
Total Community Equity                                1,441,711           1,452,432       1,412,196

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