Public notice – Presentation of financial statements - year ended 30 June 2021
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A summary of the Financial Statements is provided below.
2021
$ '000
2020
$ '000
Income Statement
Total income from continuing operations
67,420
77,102
Total expenses from continuing operations
60,606
60,090
Operating result from continuing operations
6,814
17,102
Net operating result for the year
6,814
17,102
Net operating result before grants and contributions provided for capital purposes
(3,649)
(944)
Statement of Financial Position
Total current assets
60,021
53,582
Total current liabilities
(21,698)
(27,457)
Total non-current assets
455,908
463,787
Total non-current liabilities
(48,465)
(35,123)
Total equity
445,766
454,789
Other financial information
Unrestricted current ratio (times)
3.71
1.75
Operating performance ratio (%)
-4.68%
-0.05%
Debt service cover ratio (times)
3.40
2.39
Rates and annual charges outstanding ratio (%)
7.44%
7.69%
Infrastructure renewals ratio (%)
88.03%
132.62%
Own source operating revenue ratio (%)
61.56%
57.73%
Cash expense cover ratio (months)
9.68
7.02
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 at:
Internet: Financial Statement
Locations: Main Office - Level 2, Max Centre, 30 Heber Street, Moree Moree Branch Library – 36 Balo Street, Moree Mungindi Library and Office - 153 St George Street, Mungindi Mobile Office and Library Van