Financial Statements, for the year ended 30 June 2024

The Council meeting to be held on 28 October 2024 is the meeting at which Council’s Financial Statements for the year ended 30 June 2024, together with the Auditor’s Reports, will be presented to the public.  The Financial Statements are summarised below.

	30 June 2024 $’000	30 June 2023 $’000
Income Statement Total income Total expenses Operating result Net operating result for the year Net operating result before grants and contributions provided for capital purposes	136,370 122,613 13.757 13.757 (2,455)	130,806 109,300 21,506 21,506 12,901
Balance Sheet Total current assets Total current liabilities Total non-current Assets Total non-current Liabilities Total equity	120,220 (78,427) 1,270,394 (53,541) 1,258,646	117,548 (84,722) 1,248,311 (57,123) 1,224,014
Other Financial Information Operating performance ratio % Own source operating revenue ratio % Unrestricted current ratio Debt service cover ratio % Rates and annual charges outstanding % Cash expense cover ratio (months) Building & infrastructure renewals ratio	5.44% 84.70% 4.42x 4.18x 4.16% 11.13 mths 82.71%	3.64% 86.68% 3.55x 3.63x 5.18% 12.84 mths 69.62%

 

View Annual Financial Statements as at 30 June 2024(PDF, 3MB)

The Financial Statements are also available to view in person, from 21 October to 28 October 2024 at Woollahra Council Chambers, 536 New South Head Road, Double Bay, Monday to Friday 8.30am - 4.30pm. Council will present the audited financial reports together with the auditor’s reports at the Council meeting on the evening of 28 October 2024.

Any person may make a submission to Council on its audited financial reports or with respect to the auditor’s reports. Submissions must be in writing and received on or before 28 October 2024. Submissions can be emailed to records@woollahra.nsw.gov.au.

Enquiries regarding the Statements can be directed to Council’s Chief Financial Officer, Paul Ryan, on 9391 7022 during office hours.