Inner West Council invites you to view our 2021-22 Financial Statements for the year ending 30 June 2022.
The Financial Statements were presented to Council at an Extraordinary General Meeting on 13 December 2022.
The community was able to provide feedback about the Financial Statements in accordance with the Local Government Act 1993 between Wednesday 7 December 2022 unitl Tuesday 20 December 2022.
What happens next?
All feedback will be referred to Council’s External Auditors in accordance with the Local Government Act 1993.
Summary of Financial Statements 2021-22
| Income Statement | 2022 | 2021 Restated |
| $'000 | $'000 | |
| Total income from continuing operations | 268,002 | 274,825 |
| Total expense from continuing operations | 247,974 | 248,698 |
| Operating results from continuing operations | 20,028 | 26,127 |
| Net operating result for the year | 20,028 | 26,127 |
| Net operating result before grants and contributions provided for capital purposes | (10,744) | (528) |
| Statement of financial position | ||
| Total current assets | 271,442 | 288,086 |
| Total current liabilities | 105,774 | 77,996 |
| Total non-current assets | 2,563,451 | 2,379,256 |
| Total non-current liabilities | 40,160 | 43,020 |
| Total equity | 2,688,959 | 2,546,326 |
| Other financial information | ||
| Unrestricted current ratio (times) | 3.85 | 5.61 |
| Operating performance ratio (%) | -3.40% | 3.27% |
| Debt service cover ratio (times) | 6.39 | 9.51 |
| Rates and annual charges outstanding ratio (%) | 7.91% | 8.45% |
| Infrastructure renewals ratio (%) | 32.51% | 223.04% |
| Own source operating revenue ratio (%) | 82.78% | 85.08% |
| Cash expense cover ratio (months) | 12.13 | 12.46 |
