Financial Statements for the year ended 30 June 2018

In This Section

The Finance, Community & Services Committee meeting to be held on 19 November 2018 is the meeting at which Council’s Financial Statements for the year ended 30 June 2018, together with the Auditor’s Reports, will be presented to the public.  The Financial Statements are summarised below.

  30 June 2018
$’000
30 June 2017
$’000
Income Statement
Total income from continuing operations 100,906 104,573
Total expenses from continuing operations 92,28089,877
Operating result from continuing operations 8,62614,696
Net operating result for the year 8,626 14,696
Net operating result before grants and contributions provided for capital purposes 4,280 10,393
Balance Sheet
Total current assets 85,975 79,918
Total current liabilities (44,886) (42,828)
Total non-current Assets 895,213 881,448
Total non-current Liabilities (64,644)(67,205)
Total equity 871,658851,333
Other Financial Information
Operating performance ratio % 3.73% 4.34%
Own source operating revenue ratio % 91.55% 90.4%
Unrestricted current ratio 4.46x 3.87x
Debt service cover ratio % 2.94x 3.00x
Rates and annual charges outstanding % 3.74% 4.13%
Cash expense cover ratio (months) 8.60 mths 6.97 mths
Building & infrastructure renewals ratio 87.95% 103.05%
Infrastructure backlog ratio 1.27% 1.38%
Asset maintenance ratio 1.07 1.00

The Financial Statements will be available for inspection from 7 November to 20 November 2018 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 27 November 2018.

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