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Download the 2020-2021 annual financial statements(PDF, 5MB)
In accordance with Section 418 (3) of the Local Government Act 1993 (NSW), The City of Parramatta Council advises that the ordinary Council meeting to be held on Monday 22 November 2021 will include the presentation of the Audited Financial Statements and the Auditor’s Reports for the year ending 30 June 2021.
Submissions in writing must be lodged with City of Parramatta Council, PO Box 32, Parramatta NSW 2124 by 10 November 2021.
Copies of these reports are available for inspection at:
A summary of the Financial Statements is provided below.
INCOME STATEMENT
2021
2020
$'000
Total income from continuing operations
342,331
327,821
Total expenses from continuing operations
272,880
269,865
Operating result from continuing operations
69,451
57,956
Net operating result for the year
Net operating result before grants and contributions provided for capital purposes
23,414
7,783
STATEMENT OF FINANCIAL POSITION
Total current assets
411,126
288,925
Total current liabilities
(118,476)
(95,359)
Total non-current assets
3,297,669
3,327,140
Total non-current liabilities
(44,882)
(57,751)
Total equity
3,545,437
3,462,955
OTHER FINANCIAL INFORMATION
Unrestricted current ratio (times)
5.30x
4.21x
Operating performance ratio (%)
(0.02%)
1.21%
Debt service cover ratio (times)
3.43x
Rates and annual charges outstanding ratio (%)
8.58%
7.00%
Infrastructure renewals ratio (%)
166.25%
174.26%
Own source operating revenue ratio (%)
78.70%
77.81%
Cash expense cover ratio (months)
19.98 mths
18.42 mths