Financial Statements

In accordance with Section 418 (3) of the Local Government Act, 1993, Central Tablelands Water advises that the Ordinary Council meeting to be held on Wednesday 12th October 2016 will include the presentation of the audited Financial Statements and the Auditor's Reports for the financial year ending 30th June 2016.

A summary of the Financial Statements is provided below:

 

Current Year

$’000

 

Previous Year

$’000

Income Statement

 

 

 

Total Income from Continuing Operations

5,903

 

5,454

Total Expenses from Continuing Operations

5,371

 

5,380

Net Operating Result for the year - Surplus/(Deficit)

532

 

74

Net Operating Result for the year before Grants & Contributions provided for Capital Purposes - Surplus/(Deficit)

245

 

(130)

Balance Sheet

 

 

 

Total Current Assets

8,611

 

7,081

Total Current Liabilities

(1,565)

 

(1,447)

Total Non Current Assets

56,284

 

56,722

Total Non Current Liabilities

(2,352)

 

(2,764)

Total Equity

60,978

 

59,592

Other Financial Information

 

 

 

Operating Performance Ratio (%)

5.27%

 

-2.95%

Unrestricted Current Ratio

8.10:1

 

7.78:1

Debt Service Cover Ratio

3.99:1

 

3.23:1

Annual & User Charges Coverage Ratio (%)

88.73%

 

91.87%

User Charges Outstanding Percentage (%)

4.20%

 

3.19%


Please click on the link below to view Council's audited statements


Annual Financial Statements 2015/2016 (PDF) 5,926kb