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In accordance with Section 418 (3) of the Local Government Act 1993 (NSW), Inner West Council advises that the Council Meeting to be held on Tuesday 21 November 2023 will include the presentation of the audited Financial Statements and the Auditor’s Reports for the year ending 30 June 2023.

Summary of Financial Statements 2022-23

Income statement

2023
$'000

2022 Restated
($'000)

Total income from continuing operations

298,242

268,002

Total expense from continuing operations

275,521

247,974

Operating results from continuing operations

22,721

20,028

Net operating result for the year attributable to Council

22,721

20,028

Net operating result before grants and contributions provided for capital purposes

(6,488)

(10,744)

Statement of financial position

Total current assets

226,479

271,442

Total current liabilities

120,184

105,774

Total non-current assets

2,962,470

2,553,510

Total non-current liabilities

35,168

40,160

Total equity

3,033,597

2,679,018

Other financial information

Unrestricted current ratio (times)

3.10x

3.85x

Operating performance ratio (%)

(0.52)%

(3.25)%

Debt service cover ratio (times)

9.22x

6.47x

Rates and annual charges outstanding ratio (%)

8.57%

7.91%

Infrastructure renewals ratio (%)

120.43%

32.51%

Own source operating revenue ratio (%)

85.56%

82.81%

Cash expense cover ratio (months)

8.72 months

12.13 months

Read the Financial Statements 2022-23

View the entire document

How to have your say?

Please let us know your feedback by completing the form below.

To provide feedback please create a Your Say account, or login to an existing account.

You can also provide feedback by:

  • Mail - write to us:
  • Financial Statements 2022-23 c/o Aigul Utegenova

Inner West Council
PO Box 14
Petersham NSW 2029

  • Email – Aigul.Utegenova@innerwest.nsw.gov.au
  • Phone – on 02 9335 2093


Additional ways to provide feedback

  • Call a FREE Interpreter or the National Relay Service, Monday to Friday between 9am-4pm and provide our phone number 02 9335 2093
    • Free Interpreter call TIS National on 131 450
    • Voice relay call 1300 555 727
    • TTY call 133 677
    • SMS relay call 0423 677 767

Last day to provide feedback is Friday 27 October 2023.

What happens next?

All feedback will be referred to Council’s External Auditors in accordance with the Local Government Act 1993.