We are pleased to present the City of Melbourne’s Annual Report for 2015–16. This report describes the City of Melbourne’s performance over the 2015–16 financial year against the objectives of the 2015–16 Annual Plan and Budget and the four-year priorities of the Council Plan 2013–17.
The report is designed to meet our obligations under section 131 of the Local Government Act 1989. It also draws on the Global Reporting Initiative (GRI) G4 framework for sustainability reporting, with a view to being able to report fully to core requirements of the G4 framework in future years.
The City of Melbourne has obtained external assurance for the financial and standard statements, as well as the performance statement contained in this report. External assurance was not sought on the GRI components of the report.
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Note 22. Property, infrastructure, plant and equipment 186
Note 23. Investment property 195
Note 24. Intangible assets 195
Note 25. Trade and other payables 198
Note 26. Trust funds and deposits 198
Note 27. Provisions 199
Note 28. Interest-bearing loans and borrowing 200
Note 29. Reserves 201
Other Disclosures 204
Note 30. Reconciliation from net cash provided by operating activities to surplus 204
Note 31. Reconciliation of cash and cash equivalents 204
Note 32. Financing arrangements 204
Note 33. Commitments 205
Note 34. Operating leases 206
Note 35. Contingent liabilities and contingent assets 206
Note 36. Superannuation funds 207
Note 37. Financial instruments 213
Note 38. Related party transactions 218
Note 39. Events occurring after balance date 222
Certification of the financial statements 223
City of Melbourne Annual Report 2015–2016
This report is provided for information and it does not purport to be complete. While care has been taken to ensure the content in the report is accurate, we cannot guarantee it is without flaw of any kind. There may be errors and omissions or it may not be wholly appropriate for your particular purposes. In addition, the publication is a snapshot in time based on historic information which is liable to change. The City of Melbourne accepts no responsibility and disclaims all liability for any error, loss or other consequence which may arise from you relying on any information contained in this report.