Presentation of Financial Statements 2020 - 2021

Submissions closing on 02 November 2021, 04:30 PM

Presentation of Financial Statements 2020-2021.jpg

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 26 October 2021 will include the presentation of the Audited Financial Statements and the Auditor’s Reports for the year ending 30 June 2021.

A summary of the Financial Statements is provided below.

 

INCOME STATEMENT
$2021
$'000
$2020
$'000

Total income from continuing operations

294,656

318,726

Total expenses from continuing operations

182,013

145,436

Operating result from continuing operations

112,643

173,290

Net operating result for the year

112,643

173,290

Net operating result before grants and contributions provided for capital purposes

(19,414)

25,168

STATEMENT OF FINANCIAL POSITION

Total current assets

302,415

380,014

Total current liabilities

(110,576)

(62,501)

Total non-current assets

4,022,711

3,805,309

Total non-current liabilities

(5,377)

(4,999)

Total equity

4,209,173

4,117,823

OTHER FINANCIAL INFORMATION

Unrestricted current ratio (times)

3.94

12.71

Operating performance ratio (%)

7.02%

12.24%

Debt service cover ratio (times)

126.97

115.64

Rates and annual charges outstanding ratio (%)

4.71%

3.85%

Infrastructure renewals ratio (%)

98.89%

95.27%

Own source operating revenue ratio (%)

48.94%

45.78%

Cash expense cover ratio (months)

44.97

38.05

 

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. 

Submissions close: 4:30pm Tuesday, 2 November 2021

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