Financial Statements 2017
Toowoomba Regional Council
Notes to the Financial Statements
for the year ended 30 June 2017
Note 13. Fair Value Measurements (continued)
The fair values of the assets are determined using valuation techniques which maximise the use of observable
data, where it is available, and minimise the use of entity specific estimates. If all significant inputs required to fair
value an asset are observable, the asset is included in Level 2. If one or more of the significant inputs is not based
on observable market data, the asset is included in Level 3. This is the case for Council infrastructure assets, which
are of a specialist nature for which there is no active market for similar or identical assets. These assets are valued
using a combination of observable and unobservable inputs.
The table presents all assets and liabilities that have been measured and recognised at fair value at 30 June
2017. Comparative information has been provided as allowed by the transitional provisions of AASB 13 Fair
Value Measurement.
(1) The following table presents all assets and liabilities that have been measured and recognised at
fair values:
Fair Value Measurement using:
Level 1
Level 2 Level 3 Quoted Significant Significant of latest prices in observable unobservable valuation active mkts inputs inputs $'000 $'000 $'000 $'000
dd/mm/yy -
- 20
20 -
- 20
20
dd/mm/yy - 240,619 - 240,619
dd/mm/yy - - 73,802 73,802
dd/mm/yy - 1,867 - 1,867
dd/mm/yy - - 218,718 218,718
dd/mm/yy - - 1,686 1,686
dd/mm/yy - - 5,288 5,288
dd/mm/yy - - 4,130 4,130
dd/mm/yy - - 4,531 4,531
dd/mm/yy - - 90,372 90,372
dd/mm/yy - - 2,146,122 2,146,122
dd/mm/yy - - 273,826 273,826
dd/mm/yy - - 500,500 500,500
dd/mm/yy - - 131,591 131,591
dd/mm/yy - - 277,610 277,610
dd/mm/yy - - 258,054 258,054
dd/mm/yy - - 12,902 12,902
- 242,486 15,480
4,014,612 15,480
4,257,098
Date
2017
Financial Assets
- Investment in South Burnett Community
Enterprises Limited (formerly known as
Yarraman Financial Services)
Total Financial Assets
Property, Plant and Equipment
- Land
- Site Improvements - Parks & Recreation,
Depots & Community Facilities
- Buildings - Residential
- Buildings - Specialised
- Road and bridge network - Bus Shelters
- Road and bridge network - Car Parks
- Road and bridge network - Roundabouts
- Road and bridge network - Traffic Lights
- Road and bridge network - Bridges
- Road and bridge network - Roads
- Water - Active Assets
- Water - Passive Assets
- Wastewater - Active Assets
- Wastewater - Passive Assets
- Drainage - Stormwater
- Aerodrome Infrastructure
- Heritage Assets
Total Property, Plant and Equipment
64
dd/mm/yy
Total
page 26
TOOWOOMBA REGIONAL COUNCIL I Annual Report 2016 - 2017