Financial Report

Annual Financial Statements

Financial Statements 2020 (4MB)

Financial Statements 2019 (4MB)  

Financial Statements 2018 (4MB)

Financial Statements 2017 (9MB)

Financial Statements 2016 (3MB)

Financial Statements 2015 (7MB)

Financial Statements 2014 (6MB)

Financial Statements 2013 (4MB)

Financial Statements 2012 (2MB)

 

In accordance with Section 418 (3) of the Local Government Act 1993, North Sydney Council advises that the ordinary Council meeting to be held on 30 November 2020 will include the presentation of the audited Financial Statements and the Auditor’s Reports for the year ending 30 June 2020.

A summary of the Financial Statements is provided below:

 

INCOME STATEMENT

2018/19
$'000

2019/20
$'000

Total Income from Continuing Operations

135,364

121,327

Total Expenses from Continuing Operations

114,856

126,460

Operating Result from Continuing Operations

20,508

(5,133)

Net Operating Result for the year

20,508

(5,133)

Net Operating Result before Grants & Contributions provided for Capital Purposes

4,735

(11,511)

 

STATEMENT OF FINANCIAL POSITION


2018/19
$'000

2019/20
$'000

Total Current Assets

97,996

98,000

Total Current Liabilities

(40,212)

(48,414)

Total Non Current Assets

1,115,246

1,194,796

Total Non Current Liabilities

(8,378)

(10,524)

Total Equity

1,164,652

1,233,858

 

OTHER FINANCIAL INFORMATION


2018/19

2019/20

Unrestricted Current ratio (times)

3.45

2.82

Operating Performance ratio (%)

3.34

(6.76)

Debt Service Cover (times)

27.62

15.11

Rates and Annual Charges outstanding ratio (%)

2.05

2.90

Infrastructure renewals ratio (%)

121.48

79.33

Own Source Operating Revenue ratio (%)

83.98

89.80

Cash Expense Cover ratio (months)

8.74

9.50

In accordance with Section 420 of the Local Government Act 1993, any person may make a submission in writing to Council with respect to the Council’s Audited Financial Statements or the Auditor’s Reports.