Financial Report

Annual Financial Statements

Financial Statements 2021 (2MB)  

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 last ordinary meeting of Council held each year will include the presentation of the audited Financial Statements and the Auditor’s Reports for the financial year ending 30 June.

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.  

A summary of the current Financial Statements is provided below.

 

Income Statement

2019/20
$'000

2020/21
$'000

Total Income from Continuing Operations

121,327

143,578

Total Expenses from Continuing Operations

126,460

119,866

Operating Result from Continuing Operations

(5,133)

23,712

Net Operating Result for the year

(5,133)

23,712

Net Operating Result before Grants & Contributions provided for Capital Purposes

(11,511)

(507)

 

Statement of Financial Position

2019/20
$'000

2020/21
$'000

Total Current Assets

98,000

122,352

Total Current Liabilities

(48,414)

(55,168)

Total Non Current Assets

1,194,796

1,215,502

Total Non Current Liabilities

(10,524)

(8,482)

Total Equity

1,233,858

1,274,204

 

Other Financial Information


2019/20

2020/21

Unrestricted Current ratio (times)

2.82

2.82

Operating Performance ratio (%)

(6.76)

1.30

Debt Service Cover (times)

15.11

19.32

Rates and Annual Charges outstanding ratio (%)

2.90

2.78

Infrastructure renewals ratio (%)

79.33

98.35

Own Source Operating Revenue ratio (%)

89.80

79.19

Cash Expense Cover ratio (months)

9.50

11.55