Cardinia Shire Council - Annual Report 2017-18

Indicator Result Forecasts Material variation
Liquidity
2015 2016 2017 2018 2019 2020 2021 2022
Working capital
Current assets compared
to current liabilities
[Current assets/Current
liabilities] x100
Unrestricted cash
Unrestricted cash
compared to current
liabilities
[Unrestricted cash/Current
liabilities] x100
198.29% 239.28% 291.58% 350.97% 148.75% 153.08% 142.58% 135.45% Current assets have increased
due to higher Council and
Developer Contribution Plan
(DCP) cash and investment
balances. Current liabilities have
remained relatively stable. The
decrease in forecast years is due
to lower cash and investment
balances as funds are drawn for
DCP and other projects.
83.06% 94.59% 48.04% -8.79% 36.36% 87.50% 78.91% 69.77% Unrestricted cash has reduced
primarily due to an increase in
estimated capital carry-forwards
to 2018-19 and an increase in
the balance of Public Open Space
reserves. Note that the balance
of other financial assets, which
are term deposits which mature
in over 90 days, has increased
from 2016-17. Current liabilities
have remained relatively stable.
Obligations
Asset renewal
Asset renewal compared
to depreciation
[Asset renewal
expense/Asset
depreciation] x100
44.87% 45.06% 31.54% 47.58% 46.66% 43.48% 52.20% 51.05% Asset renewals have increased
due to the nature of capital works
projects completed this financial
year. Also, depreciation expense
has increased as a result of the
inclusion of new and contributed
assets and revaluation of existing
assets.