Financial Report

Summary of 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.