Annual Financial Statements - 30 June 2023
Consultation has concluded
The Annual Financial Statements to 30 June 2023 together with the draft Auditor’s Report were presented for consideration to the 26 October 2023 Ordinary Council meeting.
In accordance with Section 418 (3) of the Local Government Act 1993 (NSW), Ballina Shire Council advises that the Ordinary Council meeting to be held on 23 November 2023 will include the formal presentation of the audited Financial Statements and the Auditor’s Reports for the year ending 30 June 2023.
In accordance with Section 420 of the Local Government Act 2093 (NSW), you are invited to make a submission in writing below with respect to the Council’s Audited Financial Statements or the Auditor’s Reports.
Submissions close: Sunday 12 November 2023.
| 2023 $ '000 | 2022 $ '000 | |
|---|---|---|
Income Statement | ||
Total income from continuing operations | 153,447 | 139,330 |
Total expenses from continuing operations | 114,268 | 111,835 |
Operating result from continuing operations | 39,179 | 27,495 |
Net operating result for the year | 39,179 | 27,495 |
Net operating result before grants and contributions provided for capital purposes | 7,812 | (4,059) |
Statement of Financial Position | ||
Total current assets | 155,212 | 124,685 |
Total current liabilities | (51,321) | (35,575) |
Total non-current assets | 1,723,412 | 1,495,937 |
Total non-current liabilities | (85,323) | (83,223) |
Total equity | 1,741,980 | 1,501,824 |
Other financial information | ||
Unrestricted current ratio (times) | 2.61 | 2.95 |
Operating performance ratio (%) | 2.61% | 0.46% |
Debt service cover ratio (times) | 3.30 | 2.85 |
Rates and annual charges outstanding ratio (%) | 4.14% | 4.25% |
Infrastructure renewals ratio (%) | 145.16% | 94.50% |
Own source operating revenue ratio (%) | 69.17% | 65.71% |
Cash expense cover ratio (months) | 11.54 | 12.67 |
Who's Listening
-
Phone 1300 864 444 Email council@ballina.nswgov.au