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Financial Statements

‚ÄčPresentation of Financial Statements for the End of Financial Year (for the year ended 30 June 2017)

In accordance with section 418(3) of the Local Government Act (LGA) 1993 Lane Cove Council advises that the Ordinary Council Meeting to be held on Monday 20 November 2017 will include the presentation of the Audited Financial Statements and the Auditor's Reports for the year ended 30 June 2017. 

 

 Current Year 2017  

$'000

Previous  Year 2016

$'000

Income Statement

Total income from continuing operations

Total expenses from continuing operations

Operating result from continuing operations

Net operating result for the year

Net operating result before grants and contributions provided for capital purposes

 

 

78,586

38,363

40,223

40,223

 26,372

           

48,479

37,869

10,610

 10,610

 2,559

Statement of Financial Position

Total current assets

Total current liabilities

Total non-current Assets

Total non-current Liabilities

Total equity

 

55, 789

 (12,946)

563,105

      (156)

605,792

 

25,873

(11,514)

  509,823

   (137)

    524,044

Other Financial Information

Unrestricted current ratio (times)

Operating performance ratio (%)

Debt service ratio (times)

Rates and annual charges outstanding ratio (%)

Building and Infrastructure renewals ratio (%)

Own source operating revenue (%)

Cash expense cove ratio (months)

 

6.68x

10.98%

0.00x

1.91%

294.2%

68.6%

19.23 mths

  

3.52x

5.3%

0.00x

1.7%

232.9%

77.0%

8.0mths

In accordance with Section 420 of the Local Government Act, 1993, any person may make a submission in writing to Council's with respect to the Audited Financial Reports or the Auditor's Reports.

View a copy of the Audited Financial Statements and the Auditor's Reports

 or visit Lane Cove Civic Centre, 48 Longueville Road, Lane Cove to view a hard copy.

Submissions made in writing can be sent via the following:

  • Post: Lane Cove Council PO Box 20, Lane Cove 1595;
  • Fax: 9911 3600; or
  • Email