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Financial reports for period ending 30 June, 2021

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 18 October, 2021.

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 of this meeting on close of business 25 October, 2021.

Summary of the Financial Reports for the Year Ended 30th June, 2021

 20212020
$’000$’000
Income Statement
Total Income from continuing operations18,41618,396
Total Expenses from continuing operations18,79217,100
Operating result from continuing operations(376)1,296
Net operating result for the year
Net operating result before grants and contributions provided for capital purposes(2,205)531
Balance Sheet
Total Current Assets23,58024,524
Total Current Liabilities7,9617,173
Total Non Current Assets229,328223,131
Total Non Current Liabilities1419
Total Equity245,512240,993
Other Financial Information
Operating Performance Ratio (%)(12.3%)3.42%
Own Source Operating Revenue Ratio (%)84.23%91.27%
Unrestricted Current Ratio3.56x5.06x
Debt Service Cover RatioNANA
Rates & Annual Charges Outstanding Ratio (%)4.71%3.95%
Cash Expense Cover Ratio (time)16.63mths17.21mths

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Hunter’s Hill Council

22 Alexandra Street, Hunters Hill NSW 2110
PO Box 21, Hunters Hill NSW 2110
Tel: (02) 9879 9400

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