Presentation of Financial Statements 2019 - 2020

Submissions Close 03 November 2020

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 (NSW), The Hills Shire Council advises that the ordinary Council meeting to be held on 27 October 2020 will include the presentation of the Audited Financial Statements and the Auditor’s Reports for the year ending 30 June 2020.

A summary of the Financial Statements is provided below.

 

INCOME STATEMENT
$2020
$'000
$2019
$'000

Total income from continuing operations

320,056

296,965

Total expenses from continuing operations

146,766

150,100

Operating result from continuing operations

173,290

146,865

Net operating result for the year

173,290

146,865

Net operating result before grants and contributions provided for capital purposes

25,168

12,315

STATEMENT OF FINANCIAL POSITION

Total current assets

380,014

394,220

Total current liabilities

(62,501)

(48,060)

Total non-current assets

3,805,309

3,622,895

Total non-current liabilities

(4,999)

(4,123)

Total equity

4,117,823

3,964,932

OTHER FINANCIAL INFORMATION

Unrestricted current ratio (times)

12.71

20.55

Operating performance ratio (%)

12.14%

15.46%

Debt service cover ratio (times)

115.64

-

Rates and annual charges outstanding ratio (%)

3.83%

3.86%

Infrastructure renewals ratio (%)

95.27%

102.16%

Own source operating revenue ratio (%)

45.77%

47.89%

Cash expense cover ratio (months)

38.05

32.36

 

In accordance with Section 420 of the Local Government Act 1993 (NSW), 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

Click here to view form.