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Last Updated
Friday, October 11, 2013

Financial Reports For Period Ending 30 June, 2013

In accordance with Section 418 of the Local Government Act, Council’s audited financial reports will be presented to Council at its Ordinary Meeting to be held Monday 28 October 2013.

A full copy of the Council’s audited financial report is available for inspection at the Administration Centre, 22 Alexandra Street, Hunters Hill, between the hours 8.30am –4.30pm.

Written submissions regarding any aspect of the Statements or Auditor’s Report in accordance with Section 420 of the Local Government Act 1993 from members of the public, are invited and will be received up until 4 November 2013. Submissions should be addressed to The General Manager, Hunter’s Hill Council, P.O. Box 21, Hunters Hill or via email on council@huntershill.nsw.gov.au

Summary of Financial Reports for the Year Ended 30th June, 2013

Description 2013 2012
$'000 $'000
Income Statement
Total Income from continuing operations 13,436 13,171
Total Expenses from continuing operations 13,740 14,292
Operating result from continuing operations (304) (1,121)
Net operating result for the year (304) (1,121)
Net operating result before grants and contributions provided for capital purposes (1,127) (1,663)
Balance Sheet
Total Current Assets 11,023 10,608
Total Current Liabilities 5,376 5,307
Total Non Current Assets 483,659 478,025
Total Non Current Liabilities 256 302
Total Equity 489,050 483,024
Other Financial Information
Unrestricted Current Ratio 3.35:1 3.15:1
Debt Service Ratio ( % ) 3.54% 3.56%
Rates Coverage Ratio ( % ) 71.04% 67.72%
Rates & Annual Charges Outstanding Percentage (%) 2.89% 2.44%
Building & Infrastructure Renewals Ratio (%) 34.97% 19.64%

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