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2018-11-06 S&O Agenda - Attachment 1 to Item 5 - Draft Annual Report 2017-18
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Statement of financial position
The statement of financial position (or balance sheet) measures what Council owns (i.e. its assets), and what
we owe (i.e. liabilities) to determine the total community equity (net worth) at the end of each financial year.
Overall, Council’s investment in community capital continue to grow steadily.
Figure 6 - Comparative Statement of Financial Position 2017/18 ($’000)
2016/17 2017/18
($’000) ($’000)
Assets 1,065,002 1,078,927
Liabilities 64,418 62,902
Community Equity 1,000,584 1,016,024
Figure 7 shows Council’s cash and debt holdings as at 30 June 2018 compared to the previous year. Cash
levels have increased marginally, which is reflective of the investment in the substantial capital works
program undertaken during 2017/18. Debt levels have marginally decreased as Council continues to
minimise its debt position.
Figure 7 - Cash and Debt Comparison 2017/18
$70,000
2016/17 ($,000)
$60,000
2017/18 ($,000)
$50,000
$40,000
$30,000
$20,000
$10,000
$0
Cash Debt
2017-2018 Annual Report | Page 35
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