November 2, 2020
In accordance with Section 418 of the Local Government Act, Council’s audited financial reports will be presented at its Ordinary Meeting to be held Monday 9 November, 2020.
In accordance with Section 420 of the Local Government Act 1993, written submissions regarding any aspect of the Statements or Auditor’s Report must be lodged with Council within 7 days following this meeting up to close of business 16 November, 2020.
| 2020 $’000 | 2019 $’000 | |
| Income Statement | ||
| Total Income from continuing operations | 18,396 | 16,782 |
| Total Expenses from continuing operations | 17,100 | 15,796 |
| Operating result from continuing operations | 1,296 | 986 |
| Net operating result for the year | 1,296 | 986 |
| Net operating result before grants and contributions provided for capital purposes | 531 | (495) |
| Balance Sheet | ||
| Total Current Assets | 24,524 | 23,648 |
| Total Current Liabilities | 7,173 | 5,751 |
| Total Non Current Assets | 223,661 | 209,342 |
| Total Non Current Liabilities | 19 | 5 |
| Total Equity | 240,993 | 227,234 |
| Other Financial Information | ||
| Operating Performance Ratio (%) | 3.42% | -4.24% |
| Own Source Operating Revenue Ratio (%) | 91.27% | 85.22% |
| Unrestricted Current Ratio | 5.06x | 8.080x |
| Debt Service Cover Ratio | Na | Na |
| Rates & Annual Charges Outstanding Ratio (%) | 3.95% | 2.97% |
| Cash Expense Cover Ratio (time) | 3.50mths | 18.85mths |
22 Alexandra Street, Hunters Hill NSW 2110
PO Box 21, Hunters Hill NSW 2110
Tel: (02) 9879 9400
We acknowledge that The Wallumedegal people of the Eora Nation are the Traditional Custodians of this land.
