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 13th December 2017 will include the presentation of the audited Financial Statements and the Auditor's Reports for the financial year ending 30th June 2017.

A summary of the Financial Statements is provided below:

 

2017

$’000

 

2016

$’000

Income Statement

 

 

 

Total Income from Continuing Operations

5,984

 

5,903

Total Expenses from Continuing Operations

5,445

 

5,371

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

539

 

532

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

362

 

245

Balance Sheet

 

 

 

Total Current Assets

8,000

 

8,611

Total Current Liabilities

(1,404)

 

(1,565)

Total Non Current Assets

67,961

 

56,284

Total Non Current Liabilities

(1,912)

 

(2,352)

Total Equity

72,645

 

60,978

Other Financial Information

 

 

 

Operating Performance Ratio (%)

4.84%

 

5.27%

Unrestricted Current Ratio

8.04:1

 

8.10:1

Debt Service Cover Ratio

3.88:1

 

3.99:1

Annual & User Charges Coverage Ratio (%)

89.29%

 

88.73%

User Charges Outstanding Percentage (%)

4.28%

 

4.20%


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


Annual Financial Statements 2016/2017 (PDF) 4,409kb