Notes to the Financial Statements for the year ended 30 June 2016
Note 24 . Controlled Entities that have not been Consolidated
Toowoomba Regional Council has a number of controlled entities that are not consolidated because their size and nature means that they are not material to council ' s operations . The financial statements for each of these entities are subject to separate audit certification by the Queensland Auditor-General or his delegate .
A summary of those entities , their net assets and results for the year ended 30 June 2016 follows :
Controlled Entities - Financial Results : |
Controlled Entity |
Details |
Interest in |
|
Ownership |
Revenue |
Expenses |
Profit |
Assets |
Liabilities |
2016 |
% |
$' 000 |
$' 000 |
$' 000 |
$' 000 |
$' 000 |
Empire Theatres Pty Ltd 1
100
4,012 3,963
49 1,836
1,091
Empire Theatres Projects Pty Ltd
Empire Theatres Foundation
Jondaryan Woolshed Pty Ltd ( unaudited )
Toowoomba and Surat Basin Enterprise Pty Ltd
2 |
100 |
422 |
484 |
( 62 ) |
101 |
156 |
3 |
100 |
231 |
358 |
( 127 ) |
704 |
18 |
4 |
100 |
1,997 |
1,949 |
48 |
1,693 |
456 |
5 |
100 |
2,289 |
2,288 |
1 |
708 |
454 |
|
|
8,951 |
9,042 |
( 91 ) |
5,042 |
2,175 |
2015 Empire Theatres Pty Ltd Empire Theatres Projects Pty Ltd
Empire Theatres Foundation
Jondaryan Woolshed Pty Ltd
Toowoomba and Surat Basin Enterprise Pty Ltd
%
1 100
2 100
3
100
4 100
5 100
$' 000 |
$' 000 |
$' 000 |
$' 000 |
$' 000 |
4,902 |
4,842 |
60 |
1,873 |
1,177 |
475 |
505 |
( 30 ) |
90 |
84 |
361 |
1,244 |
( 883 ) |
825 |
12 |
1,765 |
1,866 |
( 101 ) |
125 |
307 |
2,284 |
2,513 |
( 229 ) |
539 |
286 |
9,787 |
10,970 |
( 1,183 ) |
3,452 |
1,866 |
1
2
3
4
5
Empire Theatres Pty Ltd ( ACN 086 482 288 ) is a Heritage Listed , purpose built performing arts theatre . It stages a wide variety of theatre , music and entertainment performances and is also a venue for hire .
Empire Theatre Projects Pty Ltd ( ACN 135 705 878 ) is a wholly owned subsidiary of Empire Theatres Pty Ltd and undertakes projects to provide training and performance opportunities to the local community .
Empire Theatres Pty Ltd is the trustee for the Empire Theatres Foundation . This registered charitable trust was established to provide performing arts opportunities to young people in the Toowoomba region , to promote the performing arts for the benefit of the local community and preserve the cultural heritage associated with the Empire Theatre .
Jondaryan Woolshed Pty Ltd ( ACN 128 419 983 ) is a historical museum and tourist attraction which also hosts annual events and corporate and private functions .
Toowoomba and Surat Basin Enterprise Pty Ltd ( ACN 128 419 983 ) was established in 2011 to focus on growing investment and business activity in the region .
TOOWOOMBA REGIONAL COUNCIL Annual Report 2015 - 2016 Financial report CHAPTER 6 179