2017/2018 Annual Report
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Financial Summary<br />
Summarised Statement of Comprehensive Income <strong>2017</strong> / <strong>2018</strong><br />
(000’s)<br />
2016 / <strong>2017</strong><br />
(000’s)<br />
Income 50,596 47,708<br />
Expenses 44,304 42,847<br />
Operating Surplus / (Deficit) 6,292 4,861<br />
Asset Disposal & Fair Value Adjustments (617) (1,244)<br />
Amounts Received Specifically For New or Upgraded Assets 243 979<br />
Net Surplus / (Deficit) 5,918 4,596<br />
Summarised Balance Sheet <strong>2017</strong> / <strong>2018</strong><br />
(000’s)<br />
2016 / <strong>2017</strong><br />
(000’s)<br />
Current Assets 24,730 13,820<br />
Non-Current Assets 562,541 598,351<br />
Total Assets 587,271 612,171<br />
Current Liabilities 7,530 6,053<br />
Non-Current Liabilities 972 1,148<br />
Total Liabilities 8,502 7,201<br />
Net Assets 578,769 604,970<br />
Total Equity 578,769 604,970<br />
The reduction in net equity in <strong>2018</strong> is attributable to the revaluation decrement resulting from the condition assessment of<br />
Road Transport assets. The last condition assessment for this category of assets was undertaken in 2013.<br />
8<br />
Campbelltown<br />
City Council<br />
<strong>Annual</strong> <strong>Report</strong> <strong>2017</strong> / <strong>2018</strong>
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