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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 Hills Shire Council advises that the ordinary Council meeting to be held on 28 October 2025 will include the Audited Financial Statements and the Auditor’s Reports for the year ending 30 June 2025.
A summary of the Financial Statements is provided below.
INCOME STATEMENT
2025
$'000
Restated
2024
$'000
Total income from continuing operations
417,451
383,483
Total expenses from continuing operations excluding depreciation, amortisation and impairment of non-financial assets
190,825
194,868
Operating result from continuing operations excluding depreciation, amortisation and impairment of non-financial assets
226,626
188,615
Net operating result for the year
196,394
161,711
Net operating result before grants and contributions provided for capital purposes
29,210
7,089
STATEMENT OF FINANCIAL POSITION
Total current assets
604,954
542,321
Total current liabilities
(154,027)
(160,636)
Total non-current assets
6,176,804
5,921,323
Total non-current liabilities
(5,516)
(5,697)
Total equity
6,622,215
6,297,311
OTHER FINANCIAL INFORMATION
Unrestricted current ratio (times)
3.74
2.85
Operating performance ratio (%)
15.78%
17.13%
Debt service cover ratio (times)
136.41
141.08
Rates and annual charges outstanding ratio (%)
5.88%
6.41%
Infrastructure renewals ratio (%)
131.10%
109.14%
Own source operating revenue ratio (%)
55.07%
53.36%
Cash expense cover ratio (months)
35.05
38.33
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.
A copy of the Audited Financial Statements and the Auditor's Reports may be downloaded here.
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 Hills Shire Council advises that the ordinary Council meeting to be held on 28 October 2025 will include the Audited Financial Statements and the Auditor’s Reports for the year ending 30 June 2025.
A summary of the Financial Statements is provided below.
INCOME STATEMENT
2025
$'000
Restated
2024
$'000
Total income from continuing operations
417,451
383,483
Total expenses from continuing operations excluding depreciation, amortisation and impairment of non-financial assets
190,825
194,868
Operating result from continuing operations excluding depreciation, amortisation and impairment of non-financial assets
226,626
188,615
Net operating result for the year
196,394
161,711
Net operating result before grants and contributions provided for capital purposes
29,210
7,089
STATEMENT OF FINANCIAL POSITION
Total current assets
604,954
542,321
Total current liabilities
(154,027)
(160,636)
Total non-current assets
6,176,804
5,921,323
Total non-current liabilities
(5,516)
(5,697)
Total equity
6,622,215
6,297,311
OTHER FINANCIAL INFORMATION
Unrestricted current ratio (times)
3.74
2.85
Operating performance ratio (%)
15.78%
17.13%
Debt service cover ratio (times)
136.41
141.08
Rates and annual charges outstanding ratio (%)
5.88%
6.41%
Infrastructure renewals ratio (%)
131.10%
109.14%
Own source operating revenue ratio (%)
55.07%
53.36%
Cash expense cover ratio (months)
35.05
38.33
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.
A copy of the Audited Financial Statements and the Auditor's Reports may be downloaded here.
