Financial Statements 2017
Toowoomba Regional Council
Notes to the Financial Statements
for the year ended 30 June 2017
Note 16. Borrowings
2017
$'000 2016
$'000
Loans - Queensland Treasury Corporation 10,991 11,995
TOTAL CURRENT BORROWINGS 10,991 11,995
161,853 172,472
161,853 172,472
Notes
Current
Non-current
Loans - Queensland Treasury Corporation
TOTAL NON-CURRENT BORROWINGS
Reconciliation of Loan Movements for the year
Loans - Queensland Treasury Corporation
Opening Balance at Beginning of Financial Year
Loans Raised
Principal Repayments
Book value at end of financial year
The remaining contractual cash flows (Principal and Interest)
of borrowings at the end of the reporting period are:
0 to 1 year
1 to 5 years
Over 5 years
184,467
-
(11,623)
165,162
30,381
(11,076)
172,844 184,467
19,527
73,032
149,274 20,197
71,485
160,907
Total contractual cash flows 241,833 252,589
Carrying amount 172,844 184,467
The QTC loan market value at the reporting date was $192,937,571.67. This represents the value of the debt if
Council repaid it at that date. As it is the intention of Council to hold the debt for its term, no provision is required
to be made in these accounts.
Loan Disclosures
Unsecured borrowings are provided by the Queensland Treasury Corporation (QTC).
All borrowings are carried at amortised cost, interest being expensed as it falls due for payment in line with the
agreed loan repayment schedules. Principal and interest payments are made quarterly in arrears on or around
the 15 September, 15 December, 15 March and 15 June. No new loans were drawn down on this financial year.
Expected final repayment dates vary from 15 June 2018 to 15 June 2036.
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TOOWOOMBA REGIONAL COUNCIL I Annual Report 2016 - 2017