Financial Statements 2018/19
Consultation has concluded

In accordance with Section 418 (3) of the Local Government Act 1993, North Sydney Council advises that the ordinary Council meeting to be held on 25 November 2019 will include the presentation of the audited Financial Statements and the Auditor’s Reports for the year ending 30 June 2019.
A summary of the Financial Statements is provided below:
INCOME STATEMENT
Income Statement | 2018/19 | 2017/18 |
Total Income from Continuing Operations | 135,364 | 123,126 |
Total Expenses from Continuing Operations | 114,856 | 107,331 |
Operating Result from Continuing Operations | 20,508 | 15,795 |
Net Operating Result for the year | 20,508 | 15,795 |
Net Operating Result before Grants & Contributions provided for Capital Purposes | 4,735 | 7,170 |
STATEMENT OF FINANCIAL POSITION
2018/19 | Restated 2017/18 | Restated 1 July 2017 | |
Total Current Assets | 93,496 | 77,726 | 90,994 |
Total Current Liabilities | (40,212) | (46,056) | (38,002) |
Total Non Current Assets | 1,119,746 | 1,111,643 | 990,724 |
Total Non Current Liabilities | (8,378) | (225) | (9,689) |
TOTAL EQUITY | 1,164,652 | 1,143,088 | 1,034,027 |
PERFORMANCE MEASUREMENT INDICATORS
2018/19 | 2017/18 | |
Operating Performance ratio (%) | 3.34% | 7.08% |
Own Source Operating Revenue ratio (%) | 83.83% | 89.35% |
Unrestricted Current ratio (times) | 3.22x | 2.2x |
Debt Service Cover (times) | 27.62x | 91.17x |
Rates, Annual Charges, Interest & Extra Charges outstanding percentage (%) | 2.06% | 1.29% |
Cash Expense Cover ratio (months) | 8.74 months | 6.69 months |
INFRASTRUCTURE ASSET PERFORMANCE INDICATORS CONSOLIDATED
2018/19 | 2017/18 | |
Buildings Infrastructure & Other Structures Renewals ratio (%) | 121.48% | 199.63% |
Infrastructure Backlog ratio (%) | 6.12% | 6.77% |
Asset Maintenance ratio (%) | 95.35% | 107.92% |
Cost to bring assets to agreed service level (%) | 3.77% | 4.10% |
In accordance with Section 420 of the Local Government Act 1993, any person may make a submission in writing to Council with respect to the Council’s Audited Financial Statements or the Auditor’s Reports.
The document can be viewed:
- in the Document Library
- at Council’s Customer Service Centre, 200 Miller Street, North Sydney, from 9am to 5pm, Monday to Friday.
Submissions close 13 November 2019
Use the submission form or alternatively, send submissions to:
Email - yoursay@northsydney.nsw.gov.au
Mail - General Manager
North Sydney Council
PO Box 12
NORTH SYDNEY NSW 2059
For more information contact Council's Manager Financial Services on 9936 8100.