Presentation of Financial Statements 2022-2023

Submissions closed on 06 December 2023, 04:30 PM

Presentation of Financial Statements 2022-2023 HYS tile.png

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)   

 

Have Your Say

Submissions have closed.

Location

The Hills Shire Council, 3 Columbia Court, Norwest 2153  View Map

Google Map