No longer on display. Expired on
30 November 2022, 05:00 PM
Coffs Harbour City Council presented the audited Financial Statements and the Auditor’s Reports for the year ending 30 June 2022 at the ordinary Council meeting held on 27 November 2022 in accordance with Section 418 (3) of the Local Government Act 1993 (NSW). A summary of the Financial Statements is provided below.
Summary of Financial Statements year ending 30 June 2022
| |
2022
$ '000 |
2021
$ '000 |
Income Statement
|
|
|
| Total income from continuing operations |
258,952 |
215,585 |
| Total expenses from continuing operations |
60,903 |
178,546 |
| Operating result from continuing operations |
60,903 |
37,039 |
| Net operating result for the year |
34,203 |
34,203 |
| Net operating result before grants and contributions provided for capital purposes |
156 |
529 |
Statement of Financial Position
|
|
|
| Total current assets |
159,970 |
194,644 |
| Total current liabilities |
(60,756) |
(63,326) |
| Total non-current assets |
2,814,781 |
2,530,949 |
| Total non-current liabilities |
(145,513) |
(102,574) |
| Total equity |
2,768,482 |
2,559,693 |
Other financial information
|
|
|
| Unrestricted current ratio (times) |
6.50 |
6.49 |
| Operating performance ratio (%) |
2.52% |
4.76% |
| Debt service cover ratio (times) |
2.27 |
2.45 |
| Rates and annual charges outstanding ratio (%) |
6.29% |
6.31% |
| Infrastructure renewals ratio (%) |
45.45% |
58.08% |
| Own source operating revenue ratio (%) |
69.28% |
76.00% |
| Cash expense cover ratio (months) |
9.47 |
9.53 |
Inspect the Financial Statements and Reports
You can inspect copies of the Audited Financial Statements and the Auditor’s Reports at:
Online:
Audited Financial Statements and the Auditor’s Reports(PDF, 1MB)
In-person:
Make a submission
Any person may make a submission in writing to Council with respect to the Council’s Audited Financial Statements or the Auditor’s Reports in accordance with Section 420 of the Local Government Act 1993 (NSW).
See our - Make a submission webpage
Submissions close one week after the public meeting, scheduled for 24 November 2022, has been held.