2024-2025 Annual Financial Statements

Two colleagues reviewing financial statements using a laptop and calculator.

Public Notice - Presentation of Financial Statements as per Section 418 (3) of the Local Government Act

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 10 November 2025 will include the presentation of the Audited Financial Statements and the Auditor’s Reports for the year ending 30 June 2025.

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Summary

A summary of the Financial Statements is provided below.

INCOME STATEMENT

2025

2024 1

Restated

$'000

 $'000
Total income from continuing operations

439,204

471,826
Total expenses from continuing operations excluding depreciation, amortisation and impairment of non-financial assets 313,493

321,737
Operating result from continuing operations excluding depreciation, amortisation and impairment of non-financial assets 125,711

150,089
Depreciation, amortisation and impairment of non-financial assets 70,059

61,531
Net operating result for the year

55,652

88,558
Net operating result before grants and contributions provided for capital purposes

(13,546)

31,106
STATEMENT OF FINANCIAL POSITION
Total current assets

504,272

413,964
Total current liabilities

(128,283)

(121,386)
Total non-current assets 4,062,765

3,983,995
Total non-current liabilities

(93,896)

(62,193)
Total equity 4,344,858 

4,214,380
OTHER FINANCIAL INFORMATION
Unrestricted current ratio (times)

14.93

6.48
Operating performance ratio (%)

(6.56)%

(12.17)%
Debt service cover ratio (times)

21.88

20.20
Rates and annual charges outstanding ratio (%)

8.97%

9.71%
Infrastructure renewals ratio (%) 99.33%

109.64%
Own source operating revenue ratio (%)

79.39%

84.18%
Cash expense cover ratio (months)

14.39

15.10

In accordance with Section 420 of the Local Government Act 1993 (NSW), any person may make a submission in writing to Council with respect to the Council’s Audited Financial Statements or the Auditor’s Reports.

Copies of the Audited Financial Statements and the Auditor’s Reports may be inspected at:

Council's Administration Building 9 Wentworth Street, Parramatta NSW, 2150
PHIVE 5 Parramatta Square, Parramatta NSW, 2150

Submissions in writing must be lodged with City of Parramatta Council, PO Box 32, Parramatta NSW 2124 by 6 November 2025.

(1) The Council has restated some comparative amounts to correct certain errors from prior years which were identified this year. Details of the restatements are set out in Note F4-1 of the General Purpose Financial Statements. City of Parramatta Council General Purpose Financial Statements for the year ended 30 June 2025 Public Notice – Presentation of Financial Statements

 

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