Financial Statements, for the year ended 30 June 2019

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Financial Statements, for the year ended 30 June 2019

The Finance, Community & Services Committee meeting to be held on 18 November 2019 is the meeting at which Council’s Financial Statements for the year ended 30 June 2019, together with the Auditor’s Reports, will be presented to the public.  Click Here to view the Financial Statements for the year ended 30 June 2019.

  30 June 2019
$’000
Restated 30 June 2018 
$’000
Income Statement
Total income from continuing operations 98,452 100,906
Total expenses from continuing operations 98,39292,655
Operating result from continuing operations 60 8,251
Net operating result for the year 60 8,251
Net operating result before grants and contributions provided for capital purposes (3,826) 3,905
Balance Sheet
Total current assets 89,861 85,975
Total current liabilities (49,083) (44,886)
Total non-current Assets 1,035,393 931,514
Total non-current Liabilities (62,146)(64,644)
Total equity 1,014,025907,959
Other Financial Information
Operating performance ratio % (1.40)% 3.33%
Own source operating revenue ratio % 92.44% 91.55%
Unrestricted current ratio 4.37x 4.46x
Debt service cover ratio % 2.70x 2.94x
Rates and annual charges outstanding % 3.87% 3.74%
Cash expense cover ratio (months) 9.66 mths 8.60 mths
Building & infrastructure renewals ratio 75.60% 87.95%
Infrastructure backlog ratio 1.78% 1.27%
Asset maintenance ratio 1.01 1.07

The Financial Statements will be available for inspection from 6 November to 26 November 2019 at Woollahra Council Chambers, 536 New South Head Road, Double Bay, Monday to Friday 8.30am – 4.30pm.  Any person may make a submission to Council on its Financial Statements.  Submissions must be in writing and received on or before 26 November 2019.

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