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 28 November 2023 will include the Audited Financial Statements and the Auditor’s Reports for the year ending 30 June 2023.
A summary of the Financial Statements is provided below.
INCOME STATEMENT
|
$2023
$'000
|
$2022
$'000
|
|
Total income from continuing operations
|
394,230
|
364,382
|
|
Total expenses from continuing operations
|
167,726
|
156,704
|
|
Operating result from continuing operations
|
226,504
|
207,678
|
|
Net operating result for the year
|
226,504
|
207,678
|
|
Net operating result before grants and contributions provided for capital purposes
|
51,289
|
48,334
|
|
STATEMENT OF FINANCIAL POSITION
|
|
Total current assets
|
374,554
|
295,540
|
|
Total current liabilities
|
(139,590)
|
(146,997)
|
|
Total non-current assets
|
5,905,504
|
4,333,613
|
|
Total non-current liabilities
|
(4,759)
|
(5,135)
|
|
Total equity
|
6,135,709
|
4,477,021
|
|
OTHER FINANCIAL INFORMATION
|
|
Unrestricted current ratio (times)
|
2.97
|
2.54
|
|
Operating performance ratio (%)
|
14.08%
|
7.15%
|
|
Debt service cover ratio (times)
|
134.86
|
94.92
|
|
Rates and annual charges outstanding ratio (%)
|
5.49%
|
5.10%
|
|
Infrastructure renewals ratio (%)
|
152.59%
|
107.53%
|
|
Own source operating revenue ratio (%)
|
47.13%
|
44.94%
|
|
Cash expense cover ratio (months)
|
35.29
|
35.79
|
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.
Annual Financial Statements
for the year ended 30 June 2023
Financial Statements 2022-2023(PDF, 3MB)
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Submissions close one week after the above public meeting has been held.
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