Draft Annual Financial Statements30 June 2018

The Annual Financial Statements to 30 June 2018 together with the Auditor’s Report was presented for consideration to the 25 October 2018 Ordinary Council Meeting.

The Council meeting to be held 22 November 2018 will include the formal presentation of the Audited Financial Statements and Auditor’s Report. 

Draft Annual Financial Statements - 30 June 2018

2018 $,000

2017 $,000

Income Statement

Total income from continuing operations

129,279

114,908

Total expenses from continuing operations

                81,796

85,046

Net operating result for year

47,483

29,862

Net operating result before grants and contributions provided for capital purposes

5,769

2,833

Statement of Financial Position

Total current assets

79,166

84,356

Total current liabilities

(22,843)

(23,859)

Total non-current assets

1,252,790

1,172,785

Total non-current liabilities

(81,403)

(80,397)

Total equity

1,227,710

1,152,885

Other financial information

Unrestricted current ratio

4.84x

4.88x

Operating performance ratio

3.12%

8.88%

Building infrastructure renewal ratio

142.58%

84.21%

Debt service cover ratio

2.38x

2.73x

Rates and annual charges outstanding percentage

3.38%

3.56%

Interested persons may make submissions in respect of the financial statements and the auditor’s report.

Copies of the reports are available for inspection at Council's Community Access Points and website www.ballina.nsw.gov.au

Submissions close: Wednesday 14 November 2018.

Enquiries: Linda Coulter, Manager Financial Services, Ph 1300 864 444.