Presentation of Financial Statements & Auditor's Reports

Submissions Close 29 October 2019

Presentation Of Financial Statements as Per Section 418 (3) Of The Local Government Act

In accordance with Section 418 (3) of the Local Government Act 1993, The Hills Shire Council advises that the ordinary Council meeting to be held on 22 October, 2019 will include the presentation of the Audited Financial Statements and the Auditor’s Reports for the year ending 30 June 2019.

A summary of the Financial Statements is provided below:

INCOME STATEMENT
$2019
$'000
$2018
$'000

Total income from continuing operations

296,965

291,401

Total expenses from continuing operations

150,100

145,090

Operating result from continuing operations

146,865

146,311

Net operating result for the year

146,865

146,311

Net operating result before grants and contributions provided for capital purposes

12,315

6,971

STATEMENT OF FINANCIAL POSITION

Total current assets

394,220

426,854

Total current liabilities

(48,060)

(49,414)

Total non-current assets

3,622,895

3,477,308

Total non-current liabilities

(4,123)

(600)

Total equity

3,964,932

3,854,148

OTHER FINANCIAL INFORMATION

Unrestricted current ratio (times)

20.55x

16.19x

Operating performance ratio (%)

15.5%

12.0%

Debt service cover ratio (times)

0.00x

0.00x

Rates and annual charges outstanding ratio (%)

3.9%

3.6%

Buildings and Infrastructure renewals ratio (%)

102.2%

102.8%

Own source operating revenue ratio (%)

47.9%

45.7%

Cash expense cover ratio (months)

32.36 mths

30.4 mths

 

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.

Copies of the Audited Financial Statements and the Auditor’s Reports may be inspected on this page or at:

  • 3 Columbia Court, Norwest
  • Council Libraries

 

Online Submission Form

Click here to view form.