2021/2022 Annual Report

Statement of Comprehensive Income
for the year ended 30 June 2022
$’s 2022 2021
Income
Rates Revenues 41,811,492 40,240,107
Statutory Charges 1,297,906 1,222,005
User Charges 5,815,675 5,745,326
Grants, Subsidies and Contributions 4,873,530 4,368,762
Investment Income 260,563 236,288
Reimbursements 470,267 1,262,424
Other Income 770,782 669,174
Net Gain – Equity Accounted Council Businesses 0 52,580
Total Income 55,300,215 53,796,666
Expenses
Employee Costs 14,183,728 13,678,289
Materials, Contracts & Other Expenses 24,607,860 23,706,521
Depreciation, Amortisation & Impairment 14,430,896 13,207,202
Finance Costs 2,815 4,605
Net Loss – Equity Accounted Council Businesses 78,138 0
Total Expenses 53,303,437 50,596,617
Operating Surplus / (Deficit) 1,996,778 3,200,049
Physical Resources Received Free of Charge 23,910 21,341
Asset Disposal & Fair Value Adjustments (1,145,045) (1,323,133)
Amounts Received Specifically for New or Upgraded Assets 5,754,335 2,351,859
Net Surplus / (Deficit) 6,629,978 4,250,116
Other Comprehensive Income
Amounts which will not be reclassified subsequently to operating result
Changes in Revaluation Surplus – I,PP&E 73,501,399 68,399,339
Share of Other Comprehensive Income – Equity Accounted Council Businesses 1,388 20,822
Total Amounts which will not be reclassified subsequently to operating result 73,502,787 68,420,161
Amounts which will be reclassified subsequently to operating result
Other Equity Adjustments - Equity Accounted Council Businesses 5,031 4,606
Total Amounts which will be reclassified subsequently to operating result 5,031 4,606
Total Other Comprehensive Income 73,507,818 68,424,767
Total Comprehensive Income 80,137,796 72,674,883
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Campbelltown City Council
Annual Report 2021 / 2022