Financial Report
| 2007 ($‘000) | 2006 ($‘000) | |
|---|---|---|
| Statement of Financial Performance | ||
| Revenues from Ordinary Activities | 29,310 | 27,485 |
| Expenses from Ordinary Activities | 28,392 | 27,650 |
| Surplus (Deficit) from Ordinary Activities Before Capital Amounts | (1,378) | (1,465) |
| Grants & Contributions – Capital | 2,296 | 1,300 |
| Net Surplus (Deficit) for Year | 918 | (165) |
| Financial Position | ||
| Total Current Assets | 8,089 | 7,487 |
| Total Non Current Assets | 428,018 | 428,078 |
| Total Current Liabilities | 10,235 | 9,750 |
| Total Non Current Liabilities | 5,991 | 6,852 |
| Total Equity | 419,881 | 418,963 |
| Other Financial Information | % | % |
| Unrestricted Current Ratio | 1.50 | 1.46 |
| Debt Service Ratio | 6.56 | 6.51 |
| Rates & Annual Charges Coverage | 55.33 | 56.67 |
| Rates & Annual Charges & Extra Charges Outstanding | 2.06 | 2.57 |
Audited Financial Reports
Copies of the audited Financial Reports are available for inspection at the Civic Centre or at the Library. Enquiries may be directed to Council’s Manager Finance.