Financial Statements for the year ended 30 June 2021

In This Section

The Finance, Community & Services Committee meeting to be held on 11 October 2021 is the meeting at which Council’s Financial Statements for the year ended 30 June 2021, together with the Auditor’s Reports, will be presented to the public.

The Financial Statements are summarised below.

 

30 June 2021

$’000

30 June 2020

$’000

Income Statement

  
Total income from continuing operations 112,523 103,870
Total expenses from continuing operations 111,896102,757
Operating result from continuing operations 627 1,113
Net operating result for the year 627 1,113
Net operating result before grants and contributions provided for capital purposes (4,278) (9,048)

Balance Sheet

  
Total current assets 87,505 86,110
Total current liabilities (60,736) (54,299)
Total non-current Assets 1,078,989 1,067,598
Total non-current Liabilities (65,584)(59,869)
Total equity 1,040,1741,039,540

Other Financial Information

  
Operating performance ratio % (15.08)% (8.12)%
Own source operating revenue ratio % 90.37% 86.06%
Unrestricted current ratio 3.94x 4.04x
Debt service cover ratio % 0.14x 1.65x
Rates and annual charges outstanding % 4.16% 5.43%
Cash expense cover ratio (months) 6.02 mths 8.68 mths
Building & infrastructure renewals ratio 94.02% 110.36%
Infrastructure backlog ratio 1.35% 1.42%
Asset maintenance ratio 1.15% 1.11%

View Annual Financial Statements as at 30 June 2021.

Any person may make a submission to Council on its Financial Statements.  Submissions must be in writing and received on or before 12 October 2021. Submissions can be emailed to records@woollahra.nsw.gov.au.

Enquiries regarding the Statements can be directed to Council’s Chief Financial Officer, Paul Ryan, on 9391 7022 during office hours.