Pittwater Council Annual Report - Pittwater Council - NSW ...

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Financial InformationStatement of Financial Performance (Income Statement)Statement of Financial Position (Balance Sheet)Original Budget2009$’000For the year ended 30 June 2009Actual 2009$’000Actual 2008$’000ASSETSAs at 30 June 2009Actual 2009$’000Actual 2008$’000Income from continuing operationsCurrent assets38,077 Rates and annual charges 38,051 36,22011,020 User charges and fees 10,798 11,5731,045 Interest and investment revenue 689 7372,728 Other revenues 2,794 3,3654,046 Grants and contributions provided for operating purposes 4,775 3,91711,064 Grants and contributions provided for capital purposes (ii) 2,915 14,120Other Income- Net gain from the disposal of assets 170 413305 Share of interests in joint ventures and associates using the equity method - -68,285 Total Income from continuing operations 60,192 70,345Expenses from continuing operations22,808 Employee benefits and on-costs 22,489 21,096666 Borrowing costs 229 24344 Interest and investment losses - -12,304 Materials and contracts 13,981 14,3827,435 Depreciation 7,390 7,10913,535 Other expenses 12,988 12,169- Share of interests in joint ventures and associates using the equity method 138 4456,792 Total Expenses from continuing operations 57,215 55,04311,493 Net operating result for the year 2,977 15,30211,493 Net operating result attributable to <strong>Council</strong> 2,977 15,302- Net operating result attributable to Minority interests - -Cash and cash equivalents 8,778 5,927Investments 11,810 14,746Receivables 2,884 3,956Inventories 67 83Other 4,490 854Non-current assets classified as held for sale 3,419 3,561Total current assets 31,448 29,127Non-current assetsInvestments - -Receivables 709 609Inventories - -Infrastructure, property, plant and equipment 1,981,797 1,973,988Investment property 1,600 1,750Investments accounted for using equity method 4,024 3,759Total non-current assets 1,988,130 1,980,106TOTAL ASSETS 2,019,578 2,009,233LIABILITIESCurrent liabilitiesPayables 3,986 3,519Interest bearing liabilities 2,207 760Provisions 5,902 5,216Total current liabilities 12,095 9,495Non-current liabilitiesPayables - -Interest bearing liabilities 7,420 2,652Provisions 155 155Total non-current liabilities 7,575 2,807TOTAL LIABILITIES 19,670 12,302429 Net operating result for the year before grants and contributionsprovided for capital purposes62 1,182NET ASSETS 1,999,908 1,996,931EQUITYRetained earnings 1,954,200 1,951,223Revaluation reserves 45,708 45,708TOTAL EQUITY 1,999,908 1,996,931104
Financial InformationStatement of Changes in EquityStatement of Cash Flows- for the year ended 30 June 2009Retained Earnings Reserves <strong>Council</strong> Equity Interest Total Equity2009$’0002008$’0002009$’0002008$’0002009$’0002008$’0002009$’0002008$’000Original Budget2009$’000Cash flows from operating activitiesFor the year ended 30 June 2009Actual Budget2009$’000Original Budget2008$’000Receipts:Opening Balance 1,951,223 1,946,524 45,708 - 1,996,931 1,946,921 1,996,931 1,946,524Correction of Prior period errors - (10,603) - - - (10,603) - (10,603)Changes in Accounting Policies - - - - - - - -Revised Opening Balance 1,951,223 1,935,921 45,708 - 1,996,931 1,935,921 1,996,931 1,935,921Current Year Income & Expenses Recognised direct to Equity- Transfers to /(from) Asset RevaluationReserve- - - 45,708 - 45,708 - 45,708- Transfers to/(from) Other Reserves - - - - - - - -- Other Income/Expenses recognised - - - - - - - -- Other Adjustments - - - - - - - -Net Income Recognised Directlyin Equity- - - - - - - -Net Operating Result for the Year 2,977 15,302 - - 2,977 15,302 2,977 -Total Recognised Income &ExpensesDistributions to /(contributions from)Minority Interests2,977 15,302 45,708 45,708 2,977 61,010 2,977 61,010- - - - - - - -Transfers between Equity - - - - - - - -Equity - Balance at the end of thereporting period1,954,200 1,951,223 45,708 45,708 1,999,908 1,996,931 1,999,908 1,996,93136,198 Rates and annual charges 37,967 36,37510,502 User charges and fees 10,929 11,8371,085 Investment revenue and interest 1,747 1,5959,187 Grants and contributions 8,286 10,9002,331 Other 7,019 5,253Payments:(21,621) Employees benefits and on-costs (22,374) (21,426)(19,115) Materials and contracts (14,264) (15,027)(525) Borrowing costs (207) (254)(14,208) Other (18,476) (15,418)3,834 Net cash provided by (or used in) operating activities 10,627 13,835Cash flows from investing activitiesReceipts:- Sale of investment Securities 11,000 6,824900 Sale of Real Estate Assets - -1,038 Sale of Infrastructure, Property, Plant & Equipment 1,801 2,179Payments:- Purchase of investments (9,000) (11,000)(6,281) Purchase of Infrastructure, Property, Plant & Equipment (17,130) (14,964)- Cooperative venture capital contributions (403) (377)(4,343) Net cash provided by ( or used in) investing activities (13,732) (17,338)Cash flows from financing activitiesReceipts:5,515 Proceeds from borrowings and advances 5,515 -Payments:(758) Repayment of Borrowings and advances (760) (712)- Repayment if Finance Lease Liabilities (3) -4,757 Net cash provided by (or used in) financing activities (4,752) (712)4,248 Net increase/(decrease) in cash and cash equivalents (1,647) (4,215)4,847 Cash and cash equivalents at beginning of reporting period 5,927 10,1429,095 Cash and cash equivalents at end of reporting period 7,574 5,927105
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Pittwater Council Annual Report2008
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Section 1 - OverviewThis section pr
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Section 1 - OverviewOur CommunityCo
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Page 57 and 58: Supporting and Connecting our Commu
Page 59 and 60: Valuing and Caring for our Natural
Page 61 and 62: Enhancing our Working and LearningA
Page 63 and 64: Enhancing our Working and LearningF
Page 65 and 66: Leading an Effective and Collaborat
Page 67 and 68: IntroductionPittwater Council’s M
Page 83 and 84: Enhancing our Working and LearningS
Page 85 and 86: Enhancing our Working and LearningS
Page 87 and 88: Integrating our Built EnvironmentSt
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Page 107 and 108: Key Direction 1Supporting &Connecti
Page 109 and 110: Key Direction 2Valuing & Caringfor
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Page 113 and 114: Key Direction 3Enhancing ourWorking
Page 115 and 116: Key Direction 4Leading anEffective
Page 117 and 118: Community Disaster &Emergency Manag
Page 119 and 120: Key Direction 5Integratingour Built
Page 121 and 122: Land Use & Development StrategyTown
Page 123: Appendices & LinksAppendices• Aud
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Pittwater Council Annual Report - Pittwater Council - NSW ...

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