Audited financial statements and reports for year ended 30 June 2019

About the project

Council is seeking comment from the community on its audited financial statements and the auditor’s reports for the year ended 30 June 2019.

Exhibition documents

The document is on public exhibition from Thursday 19 September 2019 to Friday 27 September 2019.

View annual financial statements (pdf. 7MB)

Summary of Financial Statements 

2018/19

($'000)

2017/18

($'000)

Income statement    
Total income from Continuing Operations 149,833  155,640 
Total Expenses from Continuing Operations  120,442  123,067 
Net Operating Result for the Year  29,391  32,573 
Net Operating Result for the year before Grants Contributions for Capital Purposes  15,530  5,649 
Statement of Financial Position     
Total Current Assets 93,288  102,599 
Total Current Liabilities 47,569  28,377 
Total Non-Current Assets 1,571,384  1,533,247 
Total Non-Current Liabilities 1,383  21,181 
Total Equity 1,615,720  1,586,288 
Other Financial Information     
Operating Performance Ratio 10.22% 4.03% 
Own Source Operating Revenue Ratio 84.91% 76.97%
Unrestricted Current Ratio  3.65x 3.05x
Debt Service Cover Ratio 17.72x 13.96x
Rates & Annual Charges Outstanding Ratio 3.75% 2.96%
Cash Expense Cover Ratio 16.35mths 16.80mths
     

Public meeting

The public are invited to attend a meeting that explains the documents on Tuesday 22 October 2019, 7pm at Council Chambers, Level 3, 818 Pacific Highway, Gordon.

Providing feedback

Comments on the documents must be provided as a written submission and should quote reference FY00259/11.

Online: Use the 'submit your comments direct to Council' button on the top right of this page (note maximum of 300 characters)

Emailkmc@kmc.nsw.gov.au

Post: Angela Apostol, Manager Finance, Ku-ring-gai Council, Locked Bag 1006, Gordon NSW 2072.

Submissions close 4.30pm Thursday 31 October 2019.

All submissions are public documents and will be considered in a final report to Council.

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