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
|