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Financial Statements

Presentation of Financial Statements for the End of Financial (for the year ended 30 June 2019)

In accordance with Section 418 (3) of the Local Government Act 1993 (NSW) , Lane Cove Council advises that the ordinary Council meeting to be held on Monday 18 November 2019 will include the presentation of the audited Financial Statements and the Auditor's Reports for the year ending 30 June 2019.

​Current Year 2019 

$'000

Previous Year 2018

$'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



105,585

45,072 

60,513


60,513


15,157


 



​63,595
41,385

22,210


22,210


7,934 

​Statement of Financial Position


Total current assets

Total current liabilities

Total non-current Assets

Total non-current Liabilities

Total equity



86,029

(13,788)

778,534

(144)

850,631



62,480

(15,553)

726,005

(168)

772,764


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)


7.02x

5.81%

2.15%

145.72%

46.97%

34.19 mths



6.37x

5.77%

1.45%

274.48%

69.92%

17.48 mths


 

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 are available online or may be inspected in hard copy at the Lane Cove Civic Centre, 48 Longueville Road, Lane Cove.  

Submissions made in writing can be sent by:-

•    Post: PO Box 20, Lane Cove NSW 1595; or by
•    Email 

Submissions close at 5pm on Monday, 25 November 2019.


 

Privacy

Council is committed to protecting your personal information and will manage your submission in accordance with our privacy policy.  Please note, unless contrary to the public interest, any submission received may be made available to the public in accordance with the Government Information (Public Access) Act 2009 subject to the removal of personal contact information, personal financial or commercial information and health and medical information.