Financial Statements for the year ended 30 June 2022

In This Section

The Finance, Community & Services Committee meeting to be held on 4 October 2022 is the meeting at which Council’s Financial Statements for the year ended 30 June 2022, together with the Auditor’s Reports, will be presented to the public.

The Financial Statements are summarised below.

 

30 June 2022

$’000

30 June 2021

$’000

Income Statement

  
Total income from continuing operations

120,932

112,563
Total expenses from continuing operations

105,970

111,936
Operating result from continuing operations 14,962627
Net operating result for the year 14,962627
Net operating result before grants and contributions provided for capital purposes 6,812(4,278)

Balance Sheet

  
Total current assets 101,95987,505
Total current liabilities (75,970)(60,736)
Total non-current Assets 1,164,1361,078,989
Total non-current Liabilities (60,836)(65,584)
Total equity 1,129,2891,040,174

Other Financial Information

  
Operating performance ratio % (4.58)% (15.08)%
Own source operating revenue ratio % 87.25% 90.37%
Unrestricted current ratio 3.49x 4.06x
Debt service cover ratio % 2.10x 0.14x
Rates and annual charges outstanding % 4.54% 4.16%
Cash expense cover ratio (months) 11.05 mths 6.02 mths
Building & infrastructure renewals ratio 57.32% 94.02%
Infrastructure backlog ratio 1.15% 1.35%
Asset maintenance ratio 99.62% 115.25%

View Annual Financial Statements as at 30 June 2022.

The Financial Statements are also available to view  in person, from 28 September to 5 October 2022 at Woollahra Council Chambers, 536 New South Head Road, Double Bay, Monday to Friday 8.30am – 4.30pm.

Council will present the audited financial reports together with the auditor’s reports at the Finance, Community & Services Committee meeting on the evening of 4 October 2022.

Any person may make a submission to Council on its audited financial reports or with respect to the auditor’s reports. Submissions must be in writing and received on or before 5 October 2022. 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.