Annual Report 2010 - Christchurch City Council

More documents

Recommendations

Info

Group results Financial statements Annual Report Christchurch Otautahi 2010 p127. Financial statements Group results The Group includes the Council and its trading operations. The financial results, after all inter-company transactions have been eliminated, reflect the financial strength and size of the organisation as a whole. 2010 2009 $000s $000s Revenue from operations 977,853 949,486 Operating surplus (before tax) 95,423 120,556 Total assets 8,276,527 7,598,568 Total liabilities 1,367,374 1,067,685 Total equity 6,909,153 6,530,883 This result continues a positive trend in results for the Group, and the increasing value of the assets held by the city. In December 2009 Standard and Poor’s affirmed the Council’s and Christchurch City Holdings Limited long-term rating of AA+ and short-term rating of A-1+. On 7th September 2010, following the earthquake, Standard and Poor’s placed the Council on negative watch until such time as it could be determined what additional borrowings, if any, the Council will incur.
p128. Annual Report Christchurch Otautahi 2010 Financial statements Financial ratios Financial statements Financial ratios The Council has five financial ratios which form a key part of its financial risk management strategy. These ratios define the limits within which the Council must maintain its balance sheet and borrowing ratios. The actual ratios for the year are set out in detail below and in all cases fall well within policy limits. These ratios differ from those presented in previous annual reports as they have been redefined and apply to the Council’s financial results only. Prior year’s figures have been recalculated and are shown for comparative purposes. Net debt as a percentage of equity Ratio Policy
Page 1 and 2:
Annual Report 2010 Christchurch Ota
Page 3 and 4:
p2. Annual Report Christchurch Otau
Page 5 and 6:
Page 7 and 8:
Page 9 and 10:
Page 11 and 12:
p10. Annual Report Christchurch Ota
Page 13 and 14:
Page 15 and 16:
Page 17 and 18:
Page 19 and 20:
Page 21 and 22:
Page 23 and 24:
Page 25 and 26:
Page 27 and 28:
Page 29 and 30:
Page 31 and 32:
Page 33 and 34:
Page 35 and 36:
Page 37 and 38:
Page 39 and 40:
Page 41 and 42:
Page 43 and 44:
Page 45 and 46:
Page 47 and 48:
Page 49 and 50:
Page 51 and 52:
Page 53 and 54:
Page 55 and 56:
Page 57 and 58:
Page 59 and 60:
Page 61 and 62:
Page 63 and 64:
Page 65 and 66:
Page 67 and 68:
Page 69 and 70:
Page 71 and 72:
Page 73 and 74:
Page 75 and 76:
Page 77 and 78: p76. Annual Report Christchurch Ota
Page 101 and 102: p100. Annual Report Christchurch Ot
Page 127: p126. Annual Report Christchurch Ot
Page 179 and 180:
p178. Annual Report Christchurch Ot
Page 181 and 182:
Page 183 and 184:
Page 185 and 186:
Page 187 and 188:
Page 189 and 190:
Page 191 and 192:
Page 193 and 194:
Page 195 and 196:
Page 197 and 198:
Page 199 and 200:
Page 201 and 202:
Page 203 and 204:
Page 205 and 206:
Page 207 and 208:
Page 209 and 210:
Page 211 and 212:
Page 213 and 214:
Page 215 and 216:
Page 217 and 218:
Page 219 and 220:
Page 221 and 222:
Page 223 and 224:
Page 225 and 226:
Page 227 and 228:
Page 229 and 230:
Page 231 and 232:
Page 233 and 234:
Page 235 and 236:
Page 237 and 238:
Page 239 and 240:
Page 241 and 242:
Page 243 and 244:
Page 245 and 246:
Page 247 and 248:
Page 249 and 250:
Page 251 and 252:
Page 253 and 254:
Page 255 and 256:
Page 257 and 258:
Page 259 and 260:
Page 261 and 262:
Page 263 and 264:
Page 265 and 266:
Page 267 and 268:
Page 269 and 270:
Page 271 and 272:
Page 273 and 274:
Page 275 and 276:
Page 277 and 278:
Page 279 and 280:
Page 281 and 282:
Page 283 and 284:
Page 285 and 286:
Page 287 and 288:
show all

Annual Report 2010 - Christchurch City Council

Create successful ePaper yourself

Delete template?

Save as template?