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Draft Financial Statements

Presentation of Draft Financial Statements for the End of Financial (for the year ended 30 June 2020)

​Current Year 2020

$'000

Previous Year 2019

$'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



68,812

50,277 

18,535 


18,535


(2,218) 


 



​105,505
45,072

60,513 


60,513


15,157 

​Statement of Financial Position


Total current assets

Total current liabilities

Total non-current Assets

Total non-current Liabilities

Total equity



76,579

(23,060)

834,972

(6,689)

881,802



86,330

(14,089)

768,712

(144)

804,809


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)


2.76x

1.81%

3.48%

136.76%

64.54%

27.10mths



6.75x

5.81%

3.10%

145.72%

47.10%

29.67mths


The Draft Financial Reports were presented to the Ordinary Meeting of Council on Monday 19 October 2020 in accordance with Section 418(3) of the Local Government Act 1993 (NSW)

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 16 November 2020 will include the presentation of the Audited Financial Statements and the Auditor's Reports for the year ended 30 June 2020.  The full report may be inspected here:

 

 

Note: Due to COVID-19 restrictions a hard copy is not provided for at the Council's Civic Centre.

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