Financial Statements

Statement of Financial Position


As at 30 June 2013

    Council Group
  Note Actual
2013
$000
Budget
2013
$000
Actual
2012
$000
Actual
2013
$000
Actual
2012
$000
             
ASSETS            
Current assets            
Cash and cash equivalents 10 44,389 19,641 22,622 50,518 26,912
Derivative financial assets 11 409 - 108 409 108
Trade and other receivables 12 49,556 38,090 41,658 52,047 43,541
Prepayments   15,048 5,869 14,211 15,233 14,309
Inventories 14 875 1,134 866 1,901 2,017
Non-current assets classified as held for sale 15 272 - 949 272 949
Total current assets   110,549 64,734 80,414 120,380 87,836
             
Non-current assets            
Derivative financial assets 11 3,280 1,275 949 3,280 949
Trade and other receivables 12 - - 12,675 - 12,675
Other financial assets 13 8,369 6,814 7,842 8,769 9,362
Intangibles 16 13,549 8,350 12,169 13,588 12,277
Investment properties 17 205,951 203,742 200,474 205,951 200,474
Property, plant and equipment 18 6,546,292 6,533,338 6,501,686 6,558,933 6,514,367
Investment in subsidiaries 40 3,809 3,809 3,809 - -
Investment in associates 41 19,519 19,519 19,519 170,453 168,424
Total non-current assets   6,800,769 6,776,847 6,759,123 6,960,974 6,918,528
             
TOTAL ASSETS   6,911,318 6,841,581 6,839,537 7,081,354 7,006,364
             
LIABILITIES            
Current liabilities            
Derivative financial liabilities 11 404 26 469 404 469
Trade and other payables 19 57,945 60,435 53,217 62,352 56,715
Revenue in advance 20 11,405 10,320 11,889 11,892 12,643
Borrowings 21 155,562 92,067 129,572 155,565 129,574
Employee benefit liabilities and provisions 22 5,698 5,694 6,638 6,988 7,936
Provision for other liabilities 23 34,501 11,708 32,209 34,501 32,209
Total current liabilities   265,515 180,250 233,994 271,702 239,546
             
Non-current liabilities            
Deferred tax 9 - - - 1,427 1,196
Derivative financial liabilities 11 12,831 10,062 23,812 12,831 23,812
Trade and other payables 19 630 - 630 630 630
Borrowings 21 232,768 281,601 232,046 232,775 232,057
Employee benefit liabilities and provisions 22 1,474 1,600 1,649 1,564 1,800
Provision for other liabilities 23 49,702 38,651 41,075 49,702 41,075
Total non-current liabilities   297,405 331,914 299,212 298,929 300,570
             
TOTAL LIABILITIES   562,920 512,164 533,206 570,631 540,116
             
EQUITY            
Accumulated funds and retained earnings 24 4,922,977 4,907,650 4,897,679 4,970,809 4,943,343
Revaluation reserves 25 1,417,323 1,414,606 1,417,693 1,529,130 1,529,500
Hedging reserve 26 (9,955) (9,173) (23,896) (9,956) (24,050)
Fair value through other comprehensive income reserve 27 93 316 154 93 154
Restricted funds 28 17,960 16,018 14,701 20,647 17,301
             
TOTAL EQUITY   6,348,398 6,329,417 6,306,331 6,510,723 6,466,248
             
TOTAL EQUITY AND LIABILITIES   6,911,318 6,841,581 6,839,537 7,081,354 7,006,364
             

The notes on pages 110 to 188 form part of and should be read in conjunction with these financial statements