2016-17 Annual Report 2016-17 Annual Report | Page 83

Financial Statements 2017 Toowoomba Regional Council Notes to the Financial Statements for the year ended 30 June 2017 Note 25. National Competition Policy Business activities to which the code of competitive conduct is applied Toowoomba Regional Council applies the competitive code of conduct to the following activities: Water and Wastewater Other Roads Private Works Fleet and Plant Services Building Certification Aquatics and Indoor Sports Quarry Operations Cemetery Operations Refuse Collection Waste Management Aerodromes Laboratory Services This requires the application of full cost pricing, identifying the cost of community service obligations (CSO) and eliminating the advantages and disadvantages of public ownership within that activity. The CSO value is determined by Council, and represents an activities cost(s) which would not be incurred if the primary objective of the activities was to make a profit. The Council provides funding from general revenue to the business activity to cover the cost of providing non-commercial community services or costs deemed to be CSO's by the Council. The following activity statements are for activities subject to the competitive code of conduct: Water & Other Private Fleet & Plant Wastewater $'000 Roads $'000 Works $'000 Services $'000 Less : Expenditure 4,465 106,753 1,001 112,219 (78,539) 30,704 8,122 - 38,826 (38,274) - 6,044 - 6,044 (4,658) 36,561 1,046 - 37,607 (25,901) Surplus/(Deficit) 33,680 1,386 11,706 $'000 Revenue for services provided to the Council Revenue for services provided to external clients Community service obligations Building $'000 Revenue for services provided to the Council Revenue for services provided to external clients Community service obligations 552 Aquatics & Quarry Cemetery Certification Indoor Sports $'000 $'000 Operations $'000 Operations $'000 1 699 459 1,158 (1,090) Less : Expenditure 10 497 434 941 (619) 45 2,388 1,807 4,240 (4,768) - - - - (295) Surplus/(Deficit) 322 (528) (295) 68 page 45 Annual Report 2016 - 2017 I TOOWOOMBA REGIONAL COUNCIL 83